DANCATH: 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.
DANCATH
Largest movements
- Receivables within one year -€577,526
down €577,526 (-99.3%), from €581,610 to €4,084
- Tangible fixed assets -€55,065
down €55,065 (-9.1%), from €601,865 to €546,800
of which Land and buildings: -€32,400
- Cash +€46,861
up €46,861 (+659.2%), from €7,109 to €53,970
mainly Receivables within one year (+€577,526) and Debts after one year (+€158,866)
- Contributions -€900,000
down €900,000 (-96.2%), from €935,324 to €35,324
- Debts after one year +€158,866
up €158,866 (+1684.6%), from €9,430 to €168,297
- Other debts +€93,816
new in 2025: €93,816
- Reserves +€44,946
up €44,946 (+20.6%), from €217,960 to €262,906
- Tax, wage and social debts +€14,071
up €14,071 (+117.9%), from €11,934 to €26,005
- Depreciation -€13,131
down €13,131 (-28.8%), from €45,531 to €32,400
- Gross operating margin -€5,273
down €5,273 (-4.9%), from €107,666 to €102,392
- Taxes +€2,134
up €2,134 (+11.0%), from €19,437 to €21,571
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 | €1,190,708 | €604,978 | -€585,730 | -49.2% |
| Fixed assets | 21/28 | €601,989 | €546,924 | -€55,065 | -9.1% |
| Tangible fixed assets | 22/27 | €601,865 | €546,800 | -€55,065 | -9.1% |
| Land and buildings | 22 | €579,200 | €546,800 | -€32,400 | -5.6% |
| Leasing and similar rights | 25 | €22,665 | - | -€22,665 | |
| Financial fixed assets | 28 | €124 | €124 | = | 0.0% |
| Current assets | 29/58 | €588,719 | €58,054 | -€530,665 | -90.1% |
| Amounts receivable within one year | 40/41 | €581,610 | €4,084 | -€577,526 | -99.3% |
| Other amounts receivable | 41 | €581,610 | €4,084 | -€577,526 | -99.3% |
| Cash at bank and in hand | 54/58 | €7,109 | €53,970 | +€46,861 | +659.2% |
| Total equity and liabilities | 10/49 | €1,190,708 | €604,978 | -€585,730 | -49.2% |
| Equity | 10/15 | €1,153,284 | €298,230 | -€855,054 | -74.1% |
| Contributions | 10/11 | €935,324 | €35,324 | -€900,000 | -96.2% |
| Reserves | 13 | €217,960 | €262,906 | +€44,946 | +20.6% |
| Distributable reserves | 133 | €217,960 | €262,906 | +€44,946 | +20.6% |
| Amounts payable | 17/49 | €37,424 | €306,748 | +€269,324 | +719.7% |
| Amounts payable after more than one year | 17 | €9,430 | €168,297 | +€158,866 | +1684.6% |
| Financial debts | 170/4 | €9,430 | €168,297 | +€158,866 | +1684.6% |
| Amounts payable within one year | 42/48 | €27,993 | €138,451 | +€110,458 | +394.6% |
| Current portion of amounts payable after more than one year | 42 | €15,553 | €18,630 | +€3,077 | +19.8% |
| Trade debts | 44 | €506 | - | -€506 | |
| Suppliers | 440/4 | €506 | - | -€506 | |
| Taxes, remuneration and social security | 45 | €11,934 | €26,005 | +€14,071 | +117.9% |
| Taxes | 450/3 | €11,934 | €26,005 | +€14,071 | +117.9% |
| Other amounts payable | 47/48 | - | €93,816 | +€93,816 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,531 | €32,400 | -€13,131 | -28.8% |
| Other operating charges | 640/8 | €7,537 | €7,377 | -€159 | -2.1% |
| Gross operating margin | 9900 | €107,666 | €102,392 | -€5,273 | -4.9% |
| Operating profit (loss) | 9901 | €54,598 | €62,615 | +€8,017 | +14.7% |
| Financial income | 75/76B | €7,384 | €6,328 | -€1,056 | -14.3% |
| Recurring financial income | 75 | €7,384 | €6,328 | -€1,056 | -14.3% |
| Financial charges | 65/66B | €2,415 | €2,426 | +€12 | +0.5% |
| Recurring financial charges | 65 | €2,415 | €2,426 | +€12 | +0.5% |
| Profit (loss) for the period before taxes | 9903 | €59,567 | €66,517 | +€6,950 | +11.7% |
| Income taxes | 67/77 | €19,437 | €21,571 | +€2,134 | +11.0% |
| Profit (loss) for the period | 9904 | €40,130 | €44,946 | +€4,816 | +12.0% |
| Profit (loss) for the period to be appropriated | 9905 | €40,130 | €44,946 | +€4,816 | +12.0% |
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 3 October 2026 via checked.be.