DANEGG: 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.
DANEGG
Largest movements
- Tangible fixed assets -€54,195
down €54,195 (-8.3%), from €650,085 to €595,890
of which Land and buildings: -€48,752
- Other debts -€128,506
down €128,506 (-4.4%), from €2.9m to €2.8m
- Reserves +€51,414
up €51,414 (+14.7%), from €349,889 to €401,302
of which Distributable reserves: +€56,216
- Gross operating margin +€41,127
up €41,127 (+137.7%), from €29,862 to €70,990
- Taxes +€17,815
up €17,815 (+134.6%), from €13,233 to €31,048
- Financial charges -€17,232
down €17,232 (-49.3%), from €34,967 to €17,735
- Financial income -€2,594
down €2,594 (-2.4%), from €110,092 to €107,499
- Depreciation +€1,943
up €1,943 (+2.7%), from €72,661 to €74,604
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 | €3,763,006 | €3,691,411 | -€71,595 | -1.9% |
| Fixed assets | 21/28 | €1,176,307 | €1,122,112 | -€54,195 | -4.6% |
| Tangible fixed assets | 22/27 | €650,085 | €595,890 | -€54,195 | -8.3% |
| Land and buildings | 22 | €612,819 | €564,066 | -€48,752 | -8.0% |
| Plant, machinery and equipment | 23 | €37,266 | €31,824 | -€5,443 | -14.6% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €526,222 | €526,222 | = | 0.0% |
| Current assets | 29/58 | €2,586,699 | €2,569,299 | -€17,400 | -0.7% |
| Amounts receivable within one year | 40/41 | €2,577,319 | €2,558,112 | -€19,207 | -0.7% |
| Trade receivables | 40 | €37,713 | €35,100 | -€2,613 | -6.9% |
| Other amounts receivable | 41 | €2,539,605 | €2,523,012 | -€16,594 | -0.7% |
| Cash at bank and in hand | 54/58 | €7,347 | €9,563 | +€2,216 | +30.2% |
| Deferred charges and accrued income | 490/1 | €2,033 | €1,625 | -€409 | -20.1% |
| Total equity and liabilities | 10/49 | €3,763,006 | €3,691,411 | -€71,595 | -1.9% |
| Equity | 10/15 | €362,289 | €413,702 | +€51,414 | +14.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €349,889 | €401,302 | +€51,414 | +14.7% |
| Tax-exempt reserves | 132 | €19,449 | €14,647 | -€4,803 | -24.7% |
| Distributable reserves | 133 | €330,439 | €386,656 | +€56,216 | +17.0% |
| Provisions and deferred taxes | 16 | €89,265 | €87,303 | -€1,962 | -2.2% |
| Provisions for liabilities and charges | 160/5 | €81,418 | €81,418 | = | 0.0% |
| Pensions and similar obligations | 160 | €81,418 | €81,418 | = | 0.0% |
| Deferred taxes | 168 | €7,846 | €5,885 | -€1,962 | -25.0% |
| Amounts payable | 17/49 | €3,311,453 | €3,190,406 | -€121,047 | -3.7% |
| Amounts payable within one year | 42/48 | €3,301,919 | €3,185,272 | -€116,647 | -3.5% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €400,000 | €400,000 | = | 0.0% |
| Credit institutions | 430/8 | €400,000 | €400,000 | = | 0.0% |
| Trade debts | 44 | €5,392 | €6,016 | +€624 | +11.6% |
| Suppliers | 440/4 | €5,392 | €6,016 | +€624 | +11.6% |
| Taxes, remuneration and social security | 45 | €716 | €11,952 | +€11,235 | +1568.1% |
| Taxes | 450/3 | €716 | €11,952 | +€11,235 | +1568.1% |
| Other amounts payable | 47/48 | €2,895,811 | €2,767,305 | -€128,506 | -4.4% |
| Accrued charges and deferred income | 492/3 | €9,533 | €5,133 | -€4,400 | -46.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €72,661 | €74,604 | +€1,943 | +2.7% |
| Other operating charges | 640/8 | €5,333 | €5,649 | +€316 | +5.9% |
| Non-recurring operating charges | 66A | €42 | €0 | -€42 | -100.0% |
| Gross operating margin | 9900 | €29,862 | €70,990 | +€41,127 | +137.7% |
| Operating profit (loss) | 9901 | -€48,174 | -€9,264 | +€38,911 | +80.8% |
| Financial income | 75/76B | €110,092 | €107,499 | -€2,594 | -2.4% |
| Recurring financial income | 75 | €110,092 | €107,499 | -€2,594 | -2.4% |
| Financial charges | 65/66B | €34,967 | €17,735 | -€17,232 | -49.3% |
| Recurring financial charges | 65 | €34,967 | €17,735 | -€17,232 | -49.3% |
| Profit (loss) for the period before taxes | 9903 | €26,951 | €80,500 | +€53,549 | +198.7% |
| Transfer from deferred taxes | 780 | €1,962 | €1,962 | = | 0.0% |
| Income taxes | 67/77 | €13,233 | €31,048 | +€17,815 | +134.6% |
| Profit (loss) for the period | 9904 | €15,680 | €51,414 | +€35,734 | +227.9% |
| Transfer from tax-exempt reserves | 789 | €4,803 | €4,803 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €20,482 | €56,216 | +€35,734 | +174.5% |
Source: filed annual accounts (NBB), financial years ended 30 November 2024 and 30 November 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.