Dandalius: 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.
Dandalius
Largest movements
- Intangible fixed assets +€98,762
up €98,762 (+29.9%), from €330,591 to €429,353
- Receivables within one year +€38,080
up €38,080 (+114.9%), from €33,129 to €71,209
of which Trade receivables: +€30,797
- Cash +€27,835
up €27,835 (+110.5%), from €25,200 to €53,036
mainly Depreciation (+€112,468) and Debts after one year (+€105,000)
- Debts after one year +€105,000
up €105,000 (+31.6%), from €332,000 to €437,000
- Reserves +€40,754
new in 2025: €40,754
- Profit (loss) carried forward +€17,386
up €17,386, from -€17,386 to €0
- Tax, wage and social debts +€10,696
up €10,696 (+59.4%), from €18,008 to €28,704
of which Taxes: +€8,877
- Trade debts -€10,693
down €10,693 (-30.6%), from €34,898 to €24,205
- Gross operating margin +€108,871
up €108,871 (+89.3%), from €121,878 to €230,749
- Depreciation +€38,972
up €38,972 (+53.0%), from €73,496 to €112,468
- Taxes +€15,134
up €15,134 (+2395.9%), from €632 to €15,765
- Staff costs +€7,226
up €7,226 (+20.7%), from €34,937 to €42,164
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 | €393,875 | €558,914 | +€165,038 | +41.9% |
| Fixed assets | 21/28 | €333,601 | €433,403 | +€99,803 | +29.9% |
| Intangible fixed assets | 21 | €330,591 | €429,353 | +€98,762 | +29.9% |
| Tangible fixed assets | 22/27 | €3,010 | €4,050 | +€1,040 | +34.5% |
| Plant, machinery and equipment | 23 | €2,103 | €3,763 | +€1,659 | +78.9% |
| Furniture and vehicles | 24 | €907 | €288 | -€619 | -68.3% |
| Current assets | 29/58 | €60,275 | €125,510 | +€65,236 | +108.2% |
| Amounts receivable within one year | 40/41 | €33,129 | €71,209 | +€38,080 | +114.9% |
| Trade receivables | 40 | €22,296 | €53,093 | +€30,797 | +138.1% |
| Other amounts receivable | 41 | €10,833 | €18,116 | +€7,283 | +67.2% |
| Cash at bank and in hand | 54/58 | €25,200 | €53,036 | +€27,835 | +110.5% |
| Deferred charges and accrued income | 490/1 | €1,945 | €1,266 | -€680 | -34.9% |
| Total equity and liabilities | 10/49 | €393,875 | €558,914 | +€165,038 | +41.9% |
| Equity | 10/15 | -€4,986 | €53,154 | +€58,140 | |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | - | €40,754 | +€40,754 | |
| Distributable reserves | 133 | - | €40,754 | +€40,754 | |
| Profit (loss) carried forward | 14 | -€17,386 | €0 | +€17,386 | |
| Amounts payable | 17/49 | €398,862 | €505,760 | +€106,898 | +26.8% |
| Amounts payable after more than one year | 17 | €332,000 | €437,000 | +€105,000 | +31.6% |
| Financial debts | 170/4 | €332,000 | €437,000 | +€105,000 | +31.6% |
| Amounts payable within one year | 42/48 | €66,552 | €67,933 | +€1,382 | +2.1% |
| Trade debts | 44 | €34,898 | €24,205 | -€10,693 | -30.6% |
| Suppliers | 440/4 | €34,898 | €24,205 | -€10,693 | -30.6% |
| Taxes, remuneration and social security | 45 | €18,008 | €28,704 | +€10,696 | +59.4% |
| Taxes | 450/3 | €7,783 | €16,660 | +€8,877 | +114.1% |
| Remuneration and social security | 454/9 | €10,225 | €12,044 | +€1,819 | +17.8% |
| Other amounts payable | 47/48 | €13,646 | €15,024 | +€1,379 | +10.1% |
| Accrued charges and deferred income | 492/3 | €310 | €827 | +€517 | +166.7% |
| Remuneration, social security and pensions | 62 | €34,937 | €42,164 | +€7,226 | +20.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,496 | €112,468 | +€38,972 | +53.0% |
| Other operating charges | 640/8 | €1,059 | €920 | -€139 | -13.1% |
| Gross operating margin | 9900 | €121,878 | €230,749 | +€108,871 | +89.3% |
| Operating profit (loss) | 9901 | €12,386 | €75,197 | +€62,811 | +507.1% |
| Financial income | 75/76B | €652 | €140 | -€513 | -78.6% |
| Recurring financial income | 75 | €652 | €140 | -€513 | -78.6% |
| Financial charges | 65/66B | €1,131 | €1,431 | +€300 | +26.6% |
| Recurring financial charges | 65 | €1,131 | €1,431 | +€300 | +26.6% |
| Profit (loss) for the period before taxes | 9903 | €11,908 | €73,905 | +€61,998 | +520.7% |
| Income taxes | 67/77 | €632 | €15,765 | +€15,134 | +2395.9% |
| Profit (loss) for the period | 9904 | €11,276 | €58,140 | +€46,864 | +415.6% |
| Profit (loss) for the period to be appropriated | 9905 | €11,276 | €58,140 | +€46,864 | +415.6% |
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 11 October 2026 via checked.be.