DANAR: what changed
Two fiscal 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.
What changed
DANAR
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€52,556
2024 · -€92,197+€144,754
Equity
€654,558
2024 · €602,002+€52,556
Cash
€20,235
2024 · €20,229+€6
Balance sheet total
€6.7m
2024 · €7.5m-€788,360
Largest movements
Assets
- Receivables within one year -€599,580
down €599,580 (-99.4%), from €603,303 to €3,723
of which Trade receivables: -€599,452
- Tangible fixed assets -€201,709
down €201,709 (-2.9%), from €6.8m to €6.6m
of which Land and buildings: -€198,520
Equity and liabilities
- Short-term financial debts -€1.1m
down €1.1m (-35.2%), from €3.2m to €2.1m
- Debts after one year +€690,086
up €690,086 (+47.7%), from €1.4m to €2.1m
- Trade debts -€627,089
down €627,089 (-95.9%), from €653,855 to €26,766
- Other debts +€139,457
up €139,457 (+12.4%), from €1.1m to €1.3m
- Current portion of long-term debt +€86,598
up €86,598 (+33.1%), from €261,690 to €348,287
Income statement
- Gross operating margin +€160,302
up €160,302 (+40.6%), from €395,230 to €555,533
- Financial charges -€55,604
down €55,604 (-25.5%), from €217,702 to €162,098
- Depreciation +€33,215
up €33,215 (+12.7%), from €261,108 to €294,323
- Other operating charges +€30,725
up €30,725 (+103.5%), from €29,690 to €60,416
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.
Result 2024
-€92,197
Gross operating margin
+€160,302
Depreciation
-€33,215
Other operating charges
-€30,725
Other operating items
+€402
Financial income
-€4,950
Financial charges
+€55,604
Taxes
-€2,665
Result 2025
€52,556
Cash bridge derived
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.
From operations
+€447,260
Investment
-€92,614
Financing
-€354,641
Cash 2024
€20,229
From operations (derived)
+€447,260
Net result for the year
+€52,556
Depreciation
+€294,323
Receivables within one year
+€599,580
Deferred charges and accrued income
-€12,923
Provisions
-€11,890
Trade debts
-€627,089
Tax, wage and social debts
+€8,304
Advances received
+€11,985
Other debts
+€139,457
Accrued charges and deferred income
-€7,042
Investment (derived)
-€92,614
Investment in fixed assets (net)
-€92,614
Financing
-€354,641
Debts after one year
+€690,086
Current portion of long-term debt
+€86,598
Short-term financial debts
-€1.1m
Cash 2025
€20,235
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,468,451 | €6,680,092 | -€788,360 | -10.6% |
| Fixed assets | 21/28 | €6,844,104 | €6,642,396 | -€201,709 | -2.9% |
| Tangible fixed assets | 22/27 | €6,844,104 | €6,642,396 | -€201,709 | -2.9% |
| Land and buildings | 22 | €6,806,949 | €6,608,429 | -€198,520 | -2.9% |
| Plant, machinery and equipment | 23 | €20,656 | €19,773 | -€882 | -4.3% |
| Furniture and vehicles | 24 | €16,500 | €14,193 | -€2,306 | -14.0% |
| Current assets | 29/58 | €624,347 | €37,696 | -€586,651 | -94.0% |
| Amounts receivable within one year | 40/41 | €603,303 | €3,723 | -€599,580 | -99.4% |
| Trade receivables | 40 | €603,174 | €3,723 | -€599,452 | -99.4% |
| Other amounts receivable | 41 | €128 | - | -€128 | |
| Current investments | 50/53 | €2 | €2 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €20,229 | €20,235 | +€6 | 0.0% |
| Deferred charges and accrued income | 490/1 | €813 | €13,736 | +€12,923 | +1589.0% |
| Total equity and liabilities | 10/49 | €7,468,451 | €6,680,092 | -€788,360 | -10.6% |
| Equity | 10/15 | €602,002 | €654,558 | +€52,556 | +8.7% |
| Contributions | 10/11 | €257,973 | €257,973 | = | 0.0% |
| Capital | 10 | €257,973 | €257,973 | = | 0.0% |
| Issued capital | 100 | €257,973 | €257,973 | = | 0.0% |
| Reserves | 13 | €500,656 | €473,224 | -€27,432 | -5.5% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Tax-exempt reserves | 132 | €463,450 | €436,019 | -€27,432 | -5.9% |
| Distributable reserves | 133 | €31,008 | €31,008 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€156,627 | -€76,639 | +€79,988 | +51.1% |
| Provisions and deferred taxes | 16 | €149,741 | €137,850 | -€11,890 | -7.9% |
| Deferred taxes | 168 | €149,741 | €137,850 | -€11,890 | -7.9% |
| Amounts payable | 17/49 | €6,716,709 | €5,887,683 | -€829,026 | -12.3% |
| Amounts payable after more than one year | 17 | €1,446,902 | €2,136,988 | +€690,086 | +47.7% |
| Financial debts | 170/4 | €1,446,902 | €2,136,988 | +€690,086 | +47.7% |
| Amounts payable within one year | 42/48 | €5,257,072 | €3,745,002 | -€1.5m | -28.8% |
| Current portion of amounts payable after more than one year | 42 | €261,690 | €348,287 | +€86,598 | +33.1% |
| Financial debts | 43 | €3,214,614 | €2,083,289 | -€1.1m | -35.2% |
| Credit institutions | 430/8 | €3,214,614 | €2,083,289 | -€1.1m | -35.2% |
| Trade debts | 44 | €653,855 | €26,766 | -€627,089 | -95.9% |
| Suppliers | 440/4 | €653,855 | €26,766 | -€627,089 | -95.9% |
| Advances received on contracts in progress | 46 | - | €11,985 | +€11,985 | |
| Taxes, remuneration and social security | 45 | €1,070 | €9,374 | +€8,304 | +776.0% |
| Taxes | 450/3 | €1,070 | €9,374 | +€8,304 | +776.0% |
| Other amounts payable | 47/48 | €1,125,843 | €1,265,299 | +€139,457 | +12.4% |
| Accrued charges and deferred income | 492/3 | €12,735 | €5,694 | -€7,042 | -55.3% |
| Non-recurring operating income | 76A | €61,648 | €21,100 | -€40,548 | -65.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €261,108 | €294,323 | +€33,215 | +12.7% |
| Other operating charges | 640/8 | €29,690 | €60,416 | +€30,725 | +103.5% |
| Non-recurring operating charges | 66A | €402 | - | -€402 | |
| Gross operating margin | 9900 | €395,230 | €555,533 | +€160,302 | +40.6% |
| Operating profit (loss) | 9901 | €104,030 | €200,794 | +€96,764 | +93.0% |
| Financial income | 75/76B | €9,585 | €4,634 | -€4,950 | -51.6% |
| Recurring financial income | 75 | €9,585 | €4,634 | -€4,950 | -51.6% |
| Financial charges | 65/66B | €217,702 | €162,098 | -€55,604 | -25.5% |
| Recurring financial charges | 65 | €217,702 | €162,098 | -€55,604 | -25.5% |
| Profit (loss) for the period before taxes | 9903 | -€104,088 | €43,331 | +€147,418 | |
| Transfer from deferred taxes | 780 | €11,890 | €11,890 | = | 0.0% |
| Income taxes | 67/77 | - | €2,665 | +€2,665 | |
| Profit (loss) for the period | 9904 | -€92,197 | €52,556 | +€144,754 | |
| Transfer from tax-exempt reserves | 789 | €27,432 | €27,432 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€64,766 | €79,988 | +€144,754 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.