DANBERG: 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.
DANBERG
Largest movements
- Tangible fixed assets +€318,039
up €318,039 (+49.2%), from €646,025 to €964,064
of which Land and buildings: +€327,449
- Current investments -€200,498
down €200,498 (-39.6%), from €505,820 to €305,322
- Cash -€34,263
down €34,263 (-15.0%), from €228,874 to €194,611
mainly Investment in fixed assets (net) (-€368,236) and Contributions, distributions and other (-€89,677)
- Intangible fixed assets -€19,410
down €19,410 (-44.8%), from €43,345 to €23,936
- Reserves +€113,594
up €113,594 (+9.1%), from €1.3m to €1.4m
of which Distributable reserves: +€239,894
- Debts after one year -€35,196
down €35,196 (-42.1%), from €83,505 to €48,309
- Gross operating margin -€70,086
down €70,086 (-10.8%), from €646,711 to €576,625
- Depreciation +€16,588
up €16,588 (+31.3%), from €53,018 to €69,607
- Taxes -€14,946
down €14,946 (-12.4%), from €120,591 to €105,645
- Staff costs +€12,875
up €12,875 (+6.5%), from €198,943 to €211,817
- Financial income +€11,308
up €11,308 (+111%), from €10,163 to €21,471
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 | €1,485,970 | €1,557,108 | +€71,137 | +4.8% |
| Fixed assets | 21/28 | €689,371 | €988,000 | +€298,629 | +43.3% |
| Intangible fixed assets | 21 | €43,345 | €23,936 | -€19,410 | -44.8% |
| Tangible fixed assets | 22/27 | €646,025 | €964,064 | +€318,039 | +49.2% |
| Land and buildings | 22 | €610,335 | €937,784 | +€327,449 | +53.7% |
| Plant, machinery and equipment | 23 | €2,802 | €2,027 | -€775 | -27.7% |
| Furniture and vehicles | 24 | €28,901 | €20,266 | -€8,635 | -29.9% |
| Other tangible fixed assets | 26 | €3,988 | €3,988 | = | 0.0% |
| Current assets | 29/58 | €796,600 | €569,108 | -€227,492 | -28.6% |
| Amounts receivable within one year | 40/41 | €58,930 | €63,271 | +€4,341 | +7.4% |
| Trade receivables | 40 | €62 | €0 | -€62 | -100% |
| Other amounts receivable | 41 | €58,868 | €63,271 | +€4,403 | +7.5% |
| Current investments | 50/53 | €505,820 | €305,322 | -€200,498 | -39.6% |
| Cash at bank and in hand | 54/58 | €228,874 | €194,611 | -€34,263 | -15.0% |
| Deferred charges and accrued income | 490/1 | €2,976 | €5,904 | +€2,929 | +98.4% |
| Total equity and liabilities | 10/49 | €1,485,970 | €1,557,108 | +€71,137 | +4.8% |
| Equity | 10/15 | €1,265,761 | €1,379,355 | +€113,594 | +9.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,253,361 | €1,366,955 | +€113,594 | +9.1% |
| Tax-exempt reserves | 132 | €126,561 | €261 | -€126,300 | -99.8% |
| Distributable reserves | 133 | €1,126,800 | €1,366,694 | +€239,894 | +21.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €220,209 | €177,752 | -€42,457 | -19.3% |
| Amounts payable after more than one year | 17 | €83,505 | €48,309 | -€35,196 | -42.1% |
| Financial debts | 170/4 | €83,505 | €48,309 | -€35,196 | -42.1% |
| Amounts payable within one year | 42/48 | €129,732 | €126,180 | -€3,552 | -2.7% |
| Current portion of amounts payable after more than one year | 42 | €34,333 | €35,196 | +€863 | +2.5% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €16,146 | €18,578 | +€2,431 | +15.1% |
| Suppliers | 440/4 | €16,146 | €18,578 | +€2,431 | +15.1% |
| Taxes, remuneration and social security | 45 | €73,952 | €65,780 | -€8,172 | -11.1% |
| Taxes | 450/3 | €26,633 | €38,812 | +€12,179 | +45.7% |
| Remuneration and social security | 454/9 | €47,319 | €26,968 | -€20,352 | -43.0% |
| Other amounts payable | 47/48 | €5,300 | €6,626 | +€1,326 | +25.0% |
| Accrued charges and deferred income | 492/3 | €6,972 | €3,264 | -€3,708 | -53.2% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €198,943 | €211,817 | +€12,875 | +6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,018 | €69,607 | +€16,588 | +31.3% |
| Other operating charges | 640/8 | €3,595 | €3,815 | +€220 | +6.1% |
| Non-recurring operating charges | 66A | €10,541 | €0 | -€10,541 | -100% |
| Gross operating margin | 9900 | €646,711 | €576,625 | -€70,086 | -10.8% |
| Operating profit (loss) | 9901 | €380,614 | €291,386 | -€89,228 | -23.4% |
| Financial income | 75/76B | €10,163 | €21,471 | +€11,308 | +111% |
| Recurring financial income | 75 | €10,163 | €21,471 | +€11,308 | +111% |
| Financial charges | 65/66B | €3,858 | €3,942 | +€84 | +2.2% |
| Recurring financial charges | 65 | €3,858 | €3,942 | +€84 | +2.2% |
| Profit (loss) for the period before taxes | 9903 | €386,919 | €308,916 | -€78,003 | -20.2% |
| Income taxes | 67/77 | €120,591 | €105,645 | -€14,946 | -12.4% |
| Profit (loss) for the period | 9904 | €266,328 | €203,271 | -€63,057 | -23.7% |
| Transfer from tax-exempt reserves | 789 | - | €126,300 | +€126,300 | |
| Profit (loss) for the period to be appropriated | 9905 | €266,328 | €329,571 | +€63,243 | +23.7% |
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.