DAN PROJECT: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
DAN PROJECT
Largest movements
- Receivables within one year -€40,969
down €40,969 (-68.1%), from €60,137 to €19,169
of which Trade receivables: -€40,829
- Cash +€37,646
up €37,646 (+557%), from €6,760 to €44,406
mainly Receivables within one year (+€40,969) and Depreciation (+€18,923)
- Tangible fixed assets -€15,684
down €15,684 (-20.5%), from €76,450 to €60,766
of which Furniture and vehicles: -€14,675
- Debts after one year -€16,068
down €16,068 (-27.1%), from €59,228 to €43,160
- Tax, wage and social debts -€7,018
down €7,018 (-58.5%), from €11,988 to €4,970
of which Taxes: -€3,678
- Profit (loss) carried forward +€6,920
up €6,920 (+21.5%), from €32,197 to €39,118
- Trade debts -€2,277
down €2,277 (-13.3%), from €17,123 to €14,846
- Gross operating margin -€18,634
down €18,634 (-36.3%), from €51,396 to €32,762
- Depreciation +€9,672
up €9,672 (+105%), from €9,251 to €18,923
- Taxes -€4,201
down €4,201 (-60.1%), from €6,988 to €2,787
- Financial charges +€1,127
up €1,127 (+66.1%), from €1,704 to €2,831
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €143,348 | €124,340 | -€19,007 | -13.3% |
| Fixed assets | 21/28 | €76,450 | €60,766 | -€15,684 | -20.5% |
| Tangible fixed assets | 22/27 | €76,450 | €60,766 | -€15,684 | -20.5% |
| Plant, machinery and equipment | 23 | €5,493 | €4,483 | -€1,010 | -18.4% |
| Furniture and vehicles | 24 | €70,958 | €56,283 | -€14,675 | -20.7% |
| Current assets | 29/58 | €66,897 | €63,574 | -€3,323 | -5.0% |
| Amounts receivable within one year | 40/41 | €60,137 | €19,169 | -€40,969 | -68.1% |
| Trade receivables | 40 | €56,560 | €15,731 | -€40,829 | -72.2% |
| Other amounts receivable | 41 | €3,577 | €3,437 | -€140 | -3.9% |
| Cash at bank and in hand | 54/58 | €6,760 | €44,406 | +€37,646 | +557% |
| Total equity and liabilities | 10/49 | €143,348 | €124,340 | -€19,007 | -13.3% |
| Equity | 10/15 | €34,697 | €41,618 | +€6,920 | +19.9% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €32,197 | €39,118 | +€6,920 | +21.5% |
| Amounts payable | 17/49 | €108,650 | €82,723 | -€25,928 | -23.9% |
| Amounts payable after more than one year | 17 | €59,228 | €43,160 | -€16,068 | -27.1% |
| Financial debts | 170/4 | €59,228 | €43,160 | -€16,068 | -27.1% |
| Amounts payable within one year | 42/48 | €49,422 | €39,562 | -€9,860 | -20.0% |
| Current portion of amounts payable after more than one year | 42 | €15,428 | €16,068 | +€640 | +4.1% |
| Trade debts | 44 | €17,123 | €14,846 | -€2,277 | -13.3% |
| Suppliers | 440/4 | €17,123 | €14,846 | -€2,277 | -13.3% |
| Taxes, remuneration and social security | 45 | €11,988 | €4,970 | -€7,018 | -58.5% |
| Taxes | 450/3 | €6,988 | €3,310 | -€3,678 | -52.6% |
| Remuneration and social security | 454/9 | €5,000 | €1,660 | -€3,340 | -66.8% |
| Other amounts payable | 47/48 | €4,883 | €3,679 | -€1,205 | -24.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,251 | €18,923 | +€9,672 | +105% |
| Other operating charges | 640/8 | €416 | €469 | +€53 | +12.7% |
| Gross operating margin | 9900 | €51,396 | €32,762 | -€18,634 | -36.3% |
| Operating profit (loss) | 9901 | €41,729 | €13,371 | -€28,359 | -68.0% |
| Financial income | 75/76B | €19 | €0 | -€19 | -97.9% |
| Recurring financial income | 75 | €19 | €0 | -€19 | -97.9% |
| Financial charges | 65/66B | €1,704 | €2,831 | +€1,127 | +66.1% |
| Recurring financial charges | 65 | €1,704 | €2,831 | +€1,127 | +66.1% |
| Profit (loss) for the period before taxes | 9903 | €40,044 | €10,540 | -€29,504 | -73.7% |
| Income taxes | 67/77 | €6,988 | €2,787 | -€4,201 | -60.1% |
| Profit (loss) for the period | 9904 | €33,056 | €7,753 | -€25,303 | -76.5% |
| Profit (loss) for the period to be appropriated | 9905 | €33,056 | €7,753 | -€25,303 | -76.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.