DANCO: what changed
What changed
DANCO
NACE 68.121, Development of residential building projects
filed annual accounts (NBB)
Net result for the year
€13,730
2024 · -€25,160+€38,890
Equity
€699,113
2024 · €685,383+€13,730
Cash
€739
2024 · €2,283-€1,544
Balance sheet total
€1.4m
2024 · €999,148+€404,894
Largest movements
Assets
- Receivables within one year +€251,803
up €251,803 (+14,702%), from €1,713 to €253,516
of which Trade receivables: +€247,000
- Stocks and contracts +€147,629
up €147,629 (+15.0%), from €985,623 to €1.1m
Equity and liabilities
- Short-term financial debts +€345,323
up €345,323 (+3,453%), from €10,000 to €355,323
- Other debts +€70,266
up €70,266 (+40.0%), from €175,668 to €245,935
- Tax, wage and social debts -€18,126
down €18,126 (-94.2%), from €19,246 to €1,120
Income statement
- Gross operating margin +€41,418
up €41,418, from -€8,483 to €32,935
- Financial charges +€4,439
up €4,439 (+44.3%), from €10,026 to €14,465
- Other operating charges -€3,457
down €3,457 (-83.9%), from €4,120 to €663
- Depreciation +€2,078
up €2,078 (+106%), from €1,965 to €4,043
- Financial income +€511
up €511 (+11,273%), from €5 to €515
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€25,160
Gross operating margin
+€41,418
Depreciation
-€2,078
Other operating charges
+€3,457
Financial income
+€511
Financial charges
-€4,439
Taxes
+€22
Result 2025
€13,730
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€323,160
Investment
-€11,231
Financing
+€332,848
Cash 2024
€2,283
From operations (derived)
-€323,160
Net result for the year
+€13,730
Depreciation
+€4,043
Stocks and contracts
-€147,629
Receivables within one year
-€251,803
Smaller working-capital items
+€558
Trade debts
+€5,801
Tax, wage and social debts
-€18,126
Other debts
+€70,266
Investment (derived)
-€11,231
Investment in fixed assets (net)
-€11,231
Financing
+€332,848
Debts after one year
-€12,830
Current portion of long-term debt
+€354
Short-term financial debts
+€345,323
Cash 2025
€739
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €999,148 | €1,404,043 | +€404,894 | +40.5% |
| Fixed assets | 21/28 | €9,348 | €16,536 | +€7,188 | +76.9% |
| Tangible fixed assets | 22/27 | €7,528 | €16,536 | +€9,008 | +120% |
| Land and buildings | 22 | €7,000 | €5,250 | -€1,750 | -25.0% |
| Plant, machinery and equipment | 23 | €528 | €313 | -€215 | -40.7% |
| Furniture and vehicles | 24 | - | €10,973 | +€10,973 | |
| Financial fixed assets | 28 | €1,819 | - | -€1,819 | |
| Current assets | 29/58 | €989,801 | €1,387,507 | +€397,706 | +40.2% |
| Stocks and contracts in progress | 3 | €985,623 | €1,133,251 | +€147,629 | +15.0% |
| Stocks | 30/36 | €985,623 | €1,133,251 | +€147,629 | +15.0% |
| Amounts receivable within one year | 40/41 | €1,713 | €253,516 | +€251,803 | +14,702% |
| Trade receivables | 40 | - | €247,000 | +€247,000 | |
| Other amounts receivable | 41 | €1,713 | €6,516 | +€4,803 | +280% |
| Cash at bank and in hand | 54/58 | €2,283 | €739 | -€1,544 | -67.6% |
| Deferred charges and accrued income | 490/1 | €183 | - | -€183 | |
| Total equity and liabilities | 10/49 | €999,148 | €1,404,043 | +€404,894 | +40.5% |
| Equity | 10/15 | €685,383 | €699,113 | +€13,730 | +2.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €520,610 | €520,610 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €501,860 | €501,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €146,173 | €159,903 | +€13,730 | +9.4% |
| Amounts payable | 17/49 | €313,765 | €704,929 | +€391,164 | +125% |
| Amounts payable after more than one year | 17 | €95,059 | €82,229 | -€12,830 | -13.5% |
| Financial debts | 170/4 | €93,067 | €82,229 | -€10,838 | -11.6% |
| Other amounts payable | 178/9 | €1,992 | - | -€1,992 | |
| Amounts payable within one year | 42/48 | €218,706 | €622,326 | +€403,619 | +185% |
| Current portion of amounts payable after more than one year | 42 | €10,484 | €10,838 | +€354 | +3.4% |
| Financial debts | 43 | €10,000 | €355,323 | +€345,323 | +3,453% |
| Credit institutions | 430/8 | €10,000 | €355,323 | +€345,323 | +3,453% |
| Trade debts | 44 | €3,308 | €9,109 | +€5,801 | +175% |
| Suppliers | 440/4 | €3,308 | €9,109 | +€5,801 | +175% |
| Taxes, remuneration and social security | 45 | €19,246 | €1,120 | -€18,126 | -94.2% |
| Taxes | 450/3 | €19,246 | €1,120 | -€18,126 | -94.2% |
| Other amounts payable | 47/48 | €175,668 | €245,935 | +€70,266 | +40.0% |
| Accrued charges and deferred income | 492/3 | - | €375 | +€375 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,965 | €4,043 | +€2,078 | +106% |
| Other operating charges | 640/8 | €4,120 | €663 | -€3,457 | -83.9% |
| Gross operating margin | 9900 | -€8,483 | €32,935 | +€41,418 | |
| Operating profit (loss) | 9901 | -€14,568 | €28,229 | +€42,797 | |
| Financial income | 75/76B | €5 | €515 | +€511 | +11,273% |
| Recurring financial income | 75 | €5 | €515 | +€511 | +11,273% |
| Financial charges | 65/66B | €10,026 | €14,465 | +€4,439 | +44.3% |
| Recurring financial charges | 65 | €10,026 | €14,465 | +€4,439 | +44.3% |
| Profit (loss) for the period before taxes | 9903 | -€24,589 | €14,279 | +€38,868 | |
| Income taxes | 67/77 | €571 | €549 | -€22 | -3.8% |
| Profit (loss) for the period | 9904 | -€25,160 | €13,730 | +€38,890 | |
| Profit (loss) for the period to be appropriated | 9905 | -€25,160 | €13,730 | +€38,890 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.