DANCAR PROJECTS: 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.
DANCAR PROJECTS
Largest movements
- Tangible fixed assets -€44,596
down €44,596 (-2.8%), from €1.6m to €1.5m
- Receivables within one year +€31,308
up €31,308 (+101%), from €30,855 to €62,163
- Debts after one year -€38,717
down €38,717 (-6.2%), from €629,429 to €590,712
- Profit (loss) carried forward +€20,429
up €20,429 (+25.6%), from -€79,898 to -€59,469
- Depreciation -€96,576
down €96,576 (-68.4%), from €141,172 to €44,596
- Gross operating margin +€12,212
up €12,212 (+14.0%), from €87,090 to €99,301
- Financial income -€5,028
no longer reported in 2025 (was €5,028)
- Financial charges +€3,284
up €3,284 (+10.7%), from €30,622 to €33,905
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 | €1,653,715 | €1,647,800 | -€5,915 | -0.4% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €1,601,692 | €1,557,096 | -€44,596 | -2.8% |
| Tangible fixed assets | 22/27 | €1,594,192 | €1,549,596 | -€44,596 | -2.8% |
| Land and buildings | 22 | €1,594,192 | €1,549,596 | -€44,596 | -2.8% |
| Financial fixed assets | 28 | €7,500 | €7,500 | = | 0.0% |
| Current assets | 29/58 | €52,023 | €90,704 | +€38,680 | +74.4% |
| Amounts receivable within one year | 40/41 | €30,855 | €62,163 | +€31,308 | +101% |
| Trade receivables | 40 | €30,855 | €62,163 | +€31,308 | +101% |
| Cash at bank and in hand | 54/58 | €21,168 | €28,541 | +€7,373 | +34.8% |
| Total equity and liabilities | 10/49 | €1,653,715 | €1,647,800 | -€5,915 | -0.4% |
| Equity | 10/15 | €820,102 | €840,531 | +€20,429 | +2.5% |
| Contributions | 10/11 | €900,000 | €900,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€79,898 | -€59,469 | +€20,429 | +25.6% |
| Amounts payable | 17/49 | €833,613 | €807,269 | -€26,344 | -3.2% |
| Amounts payable after more than one year | 17 | €629,429 | €590,712 | -€38,717 | -6.2% |
| Financial debts | 170/4 | €629,429 | €590,712 | -€38,717 | -6.2% |
| Amounts payable within one year | 42/48 | €204,185 | €216,558 | +€12,373 | +6.1% |
| Current portion of amounts payable after more than one year | 42 | €37,402 | €38,717 | +€1,315 | +3.5% |
| Trade debts | 44 | €427 | €111 | -€316 | -74.0% |
| Suppliers | 440/4 | €427 | €111 | -€316 | -74.0% |
| Taxes, remuneration and social security | 45 | €5,334 | €8,727 | +€3,394 | +63.6% |
| Taxes | 450/3 | €5,334 | €8,727 | +€3,394 | +63.6% |
| Other amounts payable | 47/48 | €161,022 | €169,002 | +€7,980 | +5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €141,172 | €44,596 | -€96,576 | -68.4% |
| Other operating charges | 640/8 | €222 | €372 | +€149 | +67.2% |
| Gross operating margin | 9900 | €87,090 | €99,301 | +€12,212 | +14.0% |
| Operating profit (loss) | 9901 | -€54,305 | €54,334 | +€108,639 | |
| Financial income | 75/76B | €5,028 | - | -€5,028 | |
| Recurring financial income | 75 | €5,028 | - | -€5,028 | |
| Financial charges | 65/66B | €30,622 | €33,905 | +€3,284 | +10.7% |
| Recurring financial charges | 65 | €30,622 | €33,905 | +€3,284 | +10.7% |
| Profit (loss) for the period before taxes | 9903 | -€79,898 | €20,429 | +€100,327 | |
| Profit (loss) for the period | 9904 | -€79,898 | €20,429 | +€100,327 | |
| Profit (loss) for the period to be appropriated | 9905 | -€79,898 | €20,429 | +€100,327 |
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.