DANCELOT: 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.
DANCELOT
Largest movements
- Receivables within one year -€249,843
down €249,843 (-81.9%), from €305,169 to €55,326
of which Other amounts receivable: -€267,502
- Cash -€79,901
down €79,901 (-41.1%), from €194,328 to €114,427
mainly Other debts (-€161,560) and Debts after one year (-€150,085)
- Other debts -€161,560
down €161,560 (-17.0%), from €950,750 to €789,190
- Debts after one year -€150,085
down €150,085 (-14.8%), from €1.0m to €863,602
- Trade debts -€112,218
down €112,218 (-71.2%), from €157,584 to €45,366
- Current portion of long-term debt +€104,417
up €104,417 (+228.6%), from €45,668 to €150,085
- Gross operating margin +€82,544
up €82,544 (+80.8%), from €102,214 to €184,758
- Depreciation +€45,895
up €45,895 (+77.5%), from €59,233 to €105,128
- Staff costs +€26,664
up €26,664 (+258.3%), from €10,321 to €36,985
- Other operating charges +€6,949
up €6,949 (+440.3%), from €1,578 to €8,527
- Financial income +€6,374
up €6,374 (+212.3%), from €3,003 to €9,377
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 | €2,483,567 | €2,169,810 | -€313,757 | -12.6% |
| Fixed assets | 21/28 | €1,970,543 | €1,991,964 | +€21,421 | +1.1% |
| Intangible fixed assets | 21 | €547 | €376 | -€171 | -31.3% |
| Tangible fixed assets | 22/27 | €1,969,995 | €1,991,588 | +€21,592 | +1.1% |
| Land and buildings | 22 | €1,771,845 | €1,808,985 | +€37,140 | +2.1% |
| Plant, machinery and equipment | 23 | €193,961 | €178,526 | -€15,436 | -8.0% |
| Furniture and vehicles | 24 | €2,447 | €2,722 | +€275 | +11.2% |
| Other tangible fixed assets | 26 | €1,742 | €1,355 | -€388 | -22.2% |
| Current assets | 29/58 | €513,024 | €177,846 | -€335,178 | -65.3% |
| Amounts receivable within one year | 40/41 | €305,169 | €55,326 | -€249,843 | -81.9% |
| Trade receivables | 40 | €29,919 | €47,578 | +€17,659 | +59.0% |
| Other amounts receivable | 41 | €275,250 | €7,747 | -€267,502 | -97.2% |
| Cash at bank and in hand | 54/58 | €194,328 | €114,427 | -€79,901 | -41.1% |
| Deferred charges and accrued income | 490/1 | €13,527 | €8,093 | -€5,434 | -40.2% |
| Total equity and liabilities | 10/49 | €2,483,567 | €2,169,810 | -€313,757 | -12.6% |
| Equity | 10/15 | €295,660 | €293,504 | -€2,156 | -0.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €21,184 | €25,691 | +€4,507 | +21.3% |
| Distributable reserves | 133 | €21,184 | €25,691 | +€4,507 | +21.3% |
| Profit (loss) carried forward | 14 | -€2,345 | - | +€2,345 | |
| Investment grants | 15 | €258,220 | €249,213 | -€9,008 | -3.5% |
| Amounts payable | 17/49 | €2,187,907 | €1,876,306 | -€311,601 | -14.2% |
| Amounts payable after more than one year | 17 | €1,013,687 | €863,602 | -€150,085 | -14.8% |
| Financial debts | 170/4 | €1,013,687 | €863,602 | -€150,085 | -14.8% |
| Amounts payable within one year | 42/48 | €1,174,220 | €1,012,704 | -€161,516 | -13.8% |
| Current portion of amounts payable after more than one year | 42 | €45,668 | €150,085 | +€104,417 | +228.6% |
| Financial debts | 43 | €613 | €1,052 | +€439 | +71.6% |
| Credit institutions | 430/8 | - | €1,052 | +€1,052 | |
| Other loans | 439 | €613 | - | -€613 | |
| Trade debts | 44 | €157,584 | €45,366 | -€112,218 | -71.2% |
| Suppliers | 440/4 | €157,584 | €45,366 | -€112,218 | -71.2% |
| Taxes, remuneration and social security | 45 | €19,604 | €27,011 | +€7,407 | +37.8% |
| Taxes | 450/3 | €15,288 | €24,009 | +€8,720 | +57.0% |
| Remuneration and social security | 454/9 | €4,316 | €3,002 | -€1,313 | -30.4% |
| Other amounts payable | 47/48 | €950,750 | €789,190 | -€161,560 | -17.0% |
| Remuneration, social security and pensions | 62 | €10,321 | €36,985 | +€26,664 | +258.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,233 | €105,128 | +€45,895 | +77.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €189 | - | -€189 | |
| Other operating charges | 640/8 | €1,578 | €8,527 | +€6,949 | +440.3% |
| Non-recurring operating charges | 66A | - | €3,960 | +€3,960 | |
| Gross operating margin | 9900 | €102,214 | €184,758 | +€82,544 | +80.8% |
| Operating profit (loss) | 9901 | €30,893 | €30,158 | -€735 | -2.4% |
| Financial income | 75/76B | €3,003 | €9,377 | +€6,374 | +212.3% |
| Recurring financial income | 75 | €3,003 | €9,377 | +€6,374 | +212.3% |
| Financial charges | 65/66B | €36,112 | €32,100 | -€4,012 | -11.1% |
| Recurring financial charges | 65 | €36,112 | €32,100 | -€4,012 | -11.1% |
| Profit (loss) for the period before taxes | 9903 | -€2,217 | €7,434 | +€9,651 | |
| Income taxes | 67/77 | €128 | €583 | +€455 | +355.2% |
| Profit (loss) for the period | 9904 | -€2,345 | €6,852 | +€9,196 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,345 | €6,852 | +€9,196 |
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.