DanBred: 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.
DanBred
Largest movements
- Cash -€109,557
down €109,557 (-33.3%), from €328,805 to €219,248
mainly Investment in fixed assets (net) (-€118,957) and Trade debts (-€95,334)
- Intangible fixed assets +€54,921
new in 2025: €54,921
- Stocks and contracts +€37,694
up €37,694 (+10.9%), from €345,269 to €382,962
- Tangible fixed assets +€30,021
up €30,021 (+53.0%), from €56,658 to €86,678
of which Furniture and vehicles: +€33,474
- Reserves +€113,272
up €113,272 (+12.2%), from €930,260 to €1.0m
- Trade debts -€95,334
down €95,334 (-59.8%), from €159,550 to €64,217
- Depreciation +€19,181
up €19,181 (+129.3%), from €14,834 to €34,015
- Taxes -€9,030
down €9,030 (-20.0%), from €45,087 to €36,057
- Gross operating margin +€7,425
up €7,425 (+1.8%), from €410,702 to €418,127
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,151,625 | €1,168,066 | +€16,441 | +1.4% |
| Fixed assets | 21/28 | €56,658 | €141,599 | +€84,941 | +149.9% |
| Intangible fixed assets | 21 | - | €54,921 | +€54,921 | |
| Tangible fixed assets | 22/27 | €56,658 | €86,678 | +€30,021 | +53.0% |
| Furniture and vehicles | 24 | €49,157 | €82,631 | +€33,474 | +68.1% |
| Other tangible fixed assets | 26 | €7,501 | €4,048 | -€3,453 | -46.0% |
| Current assets | 29/58 | €1,094,968 | €1,026,467 | -€68,501 | -6.3% |
| Stocks and contracts in progress | 3 | €345,269 | €382,962 | +€37,694 | +10.9% |
| Stocks | 30/36 | €345,269 | €382,962 | +€37,694 | +10.9% |
| Amounts receivable within one year | 40/41 | €395,559 | €400,796 | +€5,237 | +1.3% |
| Trade receivables | 40 | €395,559 | €396,613 | +€1,053 | +0.3% |
| Other amounts receivable | 41 | €0 | €4,183 | +€4,183 | |
| Cash at bank and in hand | 54/58 | €328,805 | €219,248 | -€109,557 | -33.3% |
| Deferred charges and accrued income | 490/1 | €25,336 | €23,461 | -€1,874 | -7.4% |
| Total equity and liabilities | 10/49 | €1,151,625 | €1,168,066 | +€16,441 | +1.4% |
| Equity | 10/15 | €950,260 | €1,063,532 | +€113,272 | +11.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €930,260 | €1,043,532 | +€113,272 | +12.2% |
| Distributable reserves | 133 | €930,260 | €1,043,532 | +€113,272 | +12.2% |
| Amounts payable | 17/49 | €201,365 | €104,534 | -€96,831 | -48.1% |
| Amounts payable within one year | 42/48 | €201,365 | €104,534 | -€96,831 | -48.1% |
| Trade debts | 44 | €159,550 | €64,217 | -€95,334 | -59.8% |
| Suppliers | 440/4 | €159,550 | €64,217 | -€95,334 | -59.8% |
| Taxes, remuneration and social security | 45 | €41,815 | €40,317 | -€1,498 | -3.6% |
| Taxes | 450/3 | €9,403 | €9,688 | +€284 | +3.0% |
| Remuneration and social security | 454/9 | €32,412 | €30,630 | -€1,782 | -5.5% |
| Non-recurring operating income | 76A | €400 | €28,496 | +€28,096 | +7023.9% |
| Remuneration, social security and pensions | 62 | €231,099 | €233,724 | +€2,625 | +1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,834 | €34,015 | +€19,181 | +129.3% |
| Other operating charges | 640/8 | €1,804 | €2,346 | +€542 | +30.0% |
| Gross operating margin | 9900 | €410,702 | €418,127 | +€7,425 | +1.8% |
| Operating profit (loss) | 9901 | €162,965 | €148,043 | -€14,923 | -9.2% |
| Financial income | 75/76B | €1 | €2,957 | +€2,956 | +374208.9% |
| Recurring financial income | 75 | €1 | €2,957 | +€2,956 | +374208.9% |
| Financial charges | 65/66B | €751 | €1,670 | +€919 | +122.4% |
| Recurring financial charges | 65 | €751 | €1,670 | +€919 | +122.4% |
| Profit (loss) for the period before taxes | 9903 | €162,215 | €149,329 | -€12,886 | -7.9% |
| Income taxes | 67/77 | €45,087 | €36,057 | -€9,030 | -20.0% |
| Profit (loss) for the period | 9904 | €117,128 | €113,272 | -€3,856 | -3.3% |
| Profit (loss) for the period to be appropriated | 9905 | €117,128 | €113,272 | -€3,856 | -3.3% |
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 9 October 2026 via checked.be.