DANBOUW: 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.
DANBOUW
Largest movements
- Stocks and contracts +€157,878
up €157,878 (+63.7%), from €247,678 to €405,556
of which Stocks: +€137,600
- Receivables within one year -€20,547
down €20,547 (-95.2%), from €21,583 to €1,037
of which Trade receivables: -€20,354
- Tangible fixed assets +€14,198
up €14,198 (+142.7%), from €9,946 to €24,143
of which Furniture and vehicles: +€14,723
- Other debts +€91,678
up €91,678 (+39.1%), from €234,328 to €326,006
- Reserves +€24,492
up €24,492 (+42.2%), from €58,035 to €82,526
- Profit (loss) carried forward +€20,576
no longer reported in 2025 (was -€20,576)
- Tax, wage and social debts +€16,137
up €16,137 (+6601.3%), from €244 to €16,381
- Gross operating margin +€32,381
up €32,381, from -€21,318 to €11,063
- Financial income -€6,613
down €6,613 (-60.5%), from €10,933 to €4,320
- Depreciation +€5,539
up €5,539 (+68.9%), from €8,041 to €13,580
- Financial charges -€572
down €572 (-40.8%), from €1,400 to €828
- Taxes +€496
up €496 (+202.8%), from €244 to €740
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €298,134 | €447,516 | +€149,383 | +50.1% |
| Fixed assets | 21/28 | €9,946 | €24,143 | +€14,198 | +142.7% |
| Tangible fixed assets | 22/27 | €9,946 | €24,143 | +€14,198 | +142.7% |
| Plant, machinery and equipment | 23 | €766 | €240 | -€526 | -68.6% |
| Furniture and vehicles | 24 | €9,180 | €23,903 | +€14,723 | +160.4% |
| Current assets | 29/58 | €288,188 | €423,373 | +€135,185 | +46.9% |
| Stocks and contracts in progress | 3 | €247,678 | €405,556 | +€157,878 | +63.7% |
| Stocks | 30/36 | €218,068 | €355,668 | +€137,600 | +63.1% |
| Contracts in progress | 37 | €29,610 | €49,888 | +€20,278 | +68.5% |
| Amounts receivable within one year | 40/41 | €21,583 | €1,037 | -€20,547 | -95.2% |
| Trade receivables | 40 | €21,390 | €1,037 | -€20,354 | -95.2% |
| Other amounts receivable | 41 | €193 | €0 | -€193 | -100.0% |
| Cash at bank and in hand | 54/58 | €17,159 | €14,679 | -€2,479 | -14.4% |
| Deferred charges and accrued income | 490/1 | €1,767 | €2,101 | +€333 | +18.9% |
| Total equity and liabilities | 10/49 | €298,134 | €447,516 | +€149,383 | +50.1% |
| Equity | 10/15 | €56,458 | €101,526 | +€45,068 | +79.8% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €58,035 | €82,526 | +€24,492 | +42.2% |
| Distributable reserves | 133 | €58,035 | €82,526 | +€24,492 | +42.2% |
| Profit (loss) carried forward | 14 | -€20,576 | - | +€20,576 | |
| Amounts payable | 17/49 | €241,675 | €345,990 | +€104,315 | +43.2% |
| Amounts payable within one year | 42/48 | €241,675 | €345,990 | +€104,315 | +43.2% |
| Trade debts | 44 | €7,103 | €3,603 | -€3,500 | -49.3% |
| Suppliers | 440/4 | €7,103 | €3,603 | -€3,500 | -49.3% |
| Taxes, remuneration and social security | 45 | €244 | €16,381 | +€16,137 | +6601.3% |
| Taxes | 450/3 | €244 | €16,381 | +€16,137 | +6601.3% |
| Other amounts payable | 47/48 | €234,328 | €326,006 | +€91,678 | +39.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,041 | €13,580 | +€5,539 | +68.9% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | -€21,318 | €11,063 | +€32,381 | |
| Operating profit (loss) | 9901 | -€29,864 | -€3,036 | +€26,828 | +89.8% |
| Financial income | 75/76B | €10,933 | €4,320 | -€6,613 | -60.5% |
| Recurring financial income | 75 | €10,933 | €4,320 | -€6,613 | -60.5% |
| Financial charges | 65/66B | €1,400 | €828 | -€572 | -40.8% |
| Recurring financial charges | 65 | €1,400 | €828 | -€572 | -40.8% |
| Profit (loss) for the period before taxes | 9903 | -€20,332 | €455 | +€20,787 | |
| Income taxes | 67/77 | €244 | €740 | +€496 | +202.8% |
| Profit (loss) for the period | 9904 | -€20,576 | -€285 | +€20,291 | +98.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€20,576 | -€285 | +€20,291 | +98.6% |
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 6 October 2026 via checked.be.