DANED: 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.
DANED
Largest movements
- Financial fixed assets +€100,000
up €100,000 (+40.0%), from €250,000 to €350,000
- Stocks and contracts -€52,000
down €52,000 (-97.3%), from €53,470 to €1,470
- Tangible fixed assets -€27,345
down €27,345 (-10.2%), from €266,782 to €239,437
of which Land and buildings: -€25,842
- Receivables within one year +€17,749
up €17,749 (+40.8%), from €43,469 to €61,218
of which Other amounts receivable: +€18,320
- Debts after one year +€25,700
up €25,700 (+23.8%), from €107,873 to €133,573
of which Financial debts: +€25,700
- Profit (loss) carried forward +€14,600
up €14,600 (+7.1%), from -€204,966 to -€190,366
- Gross operating margin -€112,973
down €112,973 (-71.2%), from €158,617 to €45,644
- Write-downs -€53,470
down €53,470 (-100.0%), from €53,470 to €0
- Financial income +€3,616
up €3,616 (+1579.1%), from €229 to €3,845
- Taxes +€2,434
new in 2025: €2,434
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 | €616,765 | €652,716 | +€35,951 | +5.8% |
| Fixed assets | 21/28 | €516,782 | €589,437 | +€72,655 | +14.1% |
| Tangible fixed assets | 22/27 | €266,782 | €239,437 | -€27,345 | -10.2% |
| Land and buildings | 22 | €263,698 | €237,856 | -€25,842 | -9.8% |
| Plant, machinery and equipment | 23 | €745 | €258 | -€486 | -65.3% |
| Furniture and vehicles | 24 | €2,340 | €1,323 | -€1,017 | -43.5% |
| Financial fixed assets | 28 | €250,000 | €350,000 | +€100,000 | +40.0% |
| Current assets | 29/58 | €99,982 | €63,279 | -€36,704 | -36.7% |
| Stocks and contracts in progress | 3 | €53,470 | €1,470 | -€52,000 | -97.3% |
| Stocks | 30/36 | €53,470 | €1,470 | -€52,000 | -97.3% |
| Amounts receivable within one year | 40/41 | €43,469 | €61,218 | +€17,749 | +40.8% |
| Trade receivables | 40 | €571 | €0 | -€571 | -100.0% |
| Other amounts receivable | 41 | €42,898 | €61,218 | +€18,320 | +42.7% |
| Cash at bank and in hand | 54/58 | €753 | €524 | -€228 | -30.4% |
| Deferred charges and accrued income | 490/1 | €2,291 | €67 | -€2,224 | -97.1% |
| Total equity and liabilities | 10/49 | €616,765 | €652,716 | +€35,951 | +5.8% |
| Equity | 10/15 | €498,685 | €513,286 | +€14,600 | +2.9% |
| Contributions | 10/11 | €247,894 | €247,894 | = | 0.0% |
| Capital | 10 | €247,894 | €247,894 | = | 0.0% |
| Issued capital | 100 | €247,894 | €247,894 | = | 0.0% |
| Revaluation surpluses | 12 | €416,196 | €416,196 | = | 0.0% |
| Reserves | 13 | €39,562 | €39,562 | = | 0.0% |
| Non-distributable reserves | 130/1 | €11,691 | €11,691 | = | 0.0% |
| Legal reserve | 130 | €11,691 | €11,691 | = | 0.0% |
| Distributable reserves | 133 | €27,871 | €27,871 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€204,966 | -€190,366 | +€14,600 | +7.1% |
| Amounts payable | 17/49 | €118,080 | €139,430 | +€21,351 | +18.1% |
| Amounts payable after more than one year | 17 | €107,873 | €133,573 | +€25,700 | +23.8% |
| Financial debts | 170/4 | €96,623 | €122,323 | +€25,700 | +26.6% |
| Other amounts payable | 178/9 | €11,250 | €11,250 | = | 0.0% |
| Amounts payable within one year | 42/48 | €10,207 | €5,858 | -€4,349 | -42.6% |
| Trade debts | 44 | €3,625 | €2,115 | -€1,509 | -41.6% |
| Suppliers | 440/4 | €3,625 | €2,115 | -€1,509 | -41.6% |
| Taxes, remuneration and social security | 45 | €6,582 | €3,742 | -€2,840 | -43.1% |
| Taxes | 450/3 | €6,582 | €3,742 | -€2,840 | -43.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,366 | €27,345 | -€21 | -0.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €53,470 | €0 | -€53,470 | -100.0% |
| Other operating charges | 640/8 | €4,376 | €4,004 | -€372 | -8.5% |
| Gross operating margin | 9900 | €158,617 | €45,644 | -€112,973 | -71.2% |
| Operating profit (loss) | 9901 | €73,405 | €14,295 | -€59,111 | -80.5% |
| Financial income | 75/76B | €229 | €3,845 | +€3,616 | +1579.1% |
| Recurring financial income | 75 | €229 | €3,845 | +€3,616 | +1579.1% |
| Financial charges | 65/66B | €285 | €1,106 | +€821 | +288.4% |
| Recurring financial charges | 65 | €285 | €1,106 | +€821 | +288.4% |
| Profit (loss) for the period before taxes | 9903 | €73,350 | €17,034 | -€56,315 | -76.8% |
| Income taxes | 67/77 | - | €2,434 | +€2,434 | |
| Profit (loss) for the period | 9904 | €73,350 | €14,600 | -€58,749 | -80.1% |
| Profit (loss) for the period to be appropriated | 9905 | €73,350 | €14,600 | -€58,749 | -80.1% |
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 8 October 2026 via checked.be.