Danco Systems: what changed
What changed
Danco Systems
NACE 43.211, General electrical installation work
filed annual accounts (NBB)
Net result for the year
€69,485
2024 · €64,403+€5,082
Equity
€165,215
2024 · €110,730+€54,485
Cash
€119,126
2024 · €75,182+€43,944
Balance sheet total
€296,569
2024 · €166,323+€130,246
Largest movements
Assets
- Tangible fixed assets +€79,026
up €79,026 (+186%), from €42,475 to €121,501
of which Furniture and vehicles: +€83,031
- Cash +€43,944
up €43,944 (+58.5%), from €75,182 to €119,126
mainly Net result for the year (+€69,485) and Debts after one year (+€61,174)
- Receivables within one year +€6,258
up €6,258 (+14.8%), from €42,370 to €48,628
of which Trade receivables: +€9,897
Equity and liabilities
- Debts after one year +€61,174
new in 2025: €61,174
- Reserves +€40,000
up €40,000 (+91.2%), from €43,860 to €83,860
of which Distributable reserves: +€40,000
- Profit (loss) carried forward +€14,485
up €14,485 (+30.0%), from €48,270 to €62,755
- Current portion of long-term debt +€12,924
up €12,924 (+588%), from €2,197 to €15,121
- Trade debts +€6,231
up €6,231 (+442%), from €1,411 to €7,642
Income statement
- Depreciation +€6,305
up €6,305 (+38.7%), from €16,277 to €22,582
- Gross operating margin +€4,515
up €4,515 (+4.0%), from €113,079 to €117,594
- Other operating charges +€2,316
up €2,316 (+45.0%), from €5,150 to €7,466
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
€64,403
Gross operating margin
+€4,515
Depreciation
-€6,305
Other operating charges
-€2,316
Other operating items
+€9,781
Financial income
+€869
Financial charges
-€647
Taxes
-€814
Result 2025
€69,485
raises the resultlowers the resultnot broken down further in the accounts
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
+€86,454
Investment
-€101,608
Financing
+€59,098
Cash 2024
€75,182
From operations (derived)
+€86,454
Net result for the year
+€69,485
Depreciation
+€22,582
Receivables within one year
-€6,258
Deferred charges and accrued income
-€1,018
Trade debts
+€6,231
Tax, wage and social debts
+€1,165
Other debts
-€5,000
Accrued charges and deferred income
-€732
Investment (derived)
-€101,608
Investment in fixed assets (net)
-€101,608
Financing
+€59,098
Debts after one year
+€61,174
Current portion of long-term debt
+€12,924
Contributions, distributions and other
-€15,000
Cash 2025
€119,126
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €166,323 | €296,569 | +€130,246 | +78.3% |
| Fixed assets | 21/28 | €42,475 | €121,501 | +€79,026 | +186% |
| Tangible fixed assets | 22/27 | €42,475 | €121,501 | +€79,026 | +186% |
| Plant, machinery and equipment | 23 | €9,963 | €5,958 | -€4,005 | -40.2% |
| Furniture and vehicles | 24 | €32,512 | €115,543 | +€83,031 | +255% |
| Current assets | 29/58 | €123,848 | €175,068 | +€51,220 | +41.4% |
| Amounts receivable within one year | 40/41 | €42,370 | €48,628 | +€6,258 | +14.8% |
| Trade receivables | 40 | €21,917 | €31,814 | +€9,897 | +45.2% |
| Other amounts receivable | 41 | €20,453 | €16,814 | -€3,639 | -17.8% |
| Cash at bank and in hand | 54/58 | €75,182 | €119,126 | +€43,944 | +58.5% |
| Deferred charges and accrued income | 490/1 | €6,296 | €7,314 | +€1,018 | +16.2% |
| Total equity and liabilities | 10/49 | €166,323 | €296,569 | +€130,246 | +78.3% |
| Equity | 10/15 | €110,730 | €165,215 | +€54,485 | +49.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €43,860 | €83,860 | +€40,000 | +91.2% |
| Tax-exempt reserves | 132 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €41,860 | €81,860 | +€40,000 | +95.6% |
| Profit (loss) carried forward | 14 | €48,270 | €62,755 | +€14,485 | +30.0% |
| Amounts payable | 17/49 | €55,593 | €131,354 | +€75,761 | +136% |
| Amounts payable after more than one year | 17 | - | €61,174 | +€61,174 | |
| Financial debts | 170/4 | - | €61,174 | +€61,174 | |
| Amounts payable within one year | 42/48 | €54,861 | €70,181 | +€15,320 | +27.9% |
| Current portion of amounts payable after more than one year | 42 | €2,197 | €15,121 | +€12,924 | +588% |
| Trade debts | 44 | €1,411 | €7,642 | +€6,231 | +442% |
| Suppliers | 440/4 | €1,411 | €7,642 | +€6,231 | +442% |
| Taxes, remuneration and social security | 45 | €19,253 | €20,418 | +€1,165 | +6.1% |
| Taxes | 450/3 | €19,253 | €20,418 | +€1,165 | +6.1% |
| Other amounts payable | 47/48 | €32,000 | €27,000 | -€5,000 | -15.6% |
| Accrued charges and deferred income | 492/3 | €732 | - | -€732 | |
| Non-recurring operating income | 76A | €27,593 | - | -€27,593 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,277 | €22,582 | +€6,305 | +38.7% |
| Other operating charges | 640/8 | €5,150 | €7,466 | +€2,316 | +45.0% |
| Non-recurring operating charges | 66A | €9,781 | - | -€9,781 | |
| Gross operating margin | 9900 | €113,079 | €117,594 | +€4,515 | +4.0% |
| Operating profit (loss) | 9901 | €81,871 | €87,546 | +€5,675 | +6.9% |
| Financial income | 75/76B | €309 | €1,178 | +€869 | +281% |
| Recurring financial income | 75 | €309 | €1,178 | +€869 | +281% |
| Financial charges | 65/66B | €271 | €918 | +€647 | +239% |
| Recurring financial charges | 65 | €271 | €918 | +€647 | +239% |
| Profit (loss) for the period before taxes | 9903 | €81,909 | €87,805 | +€5,896 | +7.2% |
| Income taxes | 67/77 | €17,506 | €18,320 | +€814 | +4.7% |
| Profit (loss) for the period | 9904 | €64,403 | €69,485 | +€5,082 | +7.9% |
| Profit (loss) for the period to be appropriated | 9905 | €64,403 | €69,485 | +€5,082 | +7.9% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.