DANELEC: 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.
DANELEC
Largest movements
- Receivables within one year +€40,504
up €40,504 (+31.8%), from €127,319 to €167,822
of which Trade receivables: +€33,283
- Tangible fixed assets -€37,311
down €37,311 (-32.5%), from €114,747 to €77,435
of which Furniture and vehicles: -€34,755
- Cash -€22,662
down €22,662 (-17.5%), from €129,303 to €106,641
mainly Receivables within one year (-€40,504) and Debts after one year (-€19,434)
- Debts after one year -€19,434
down €19,434 (-32.9%), from €58,994 to €39,560
- Profit (loss) carried forward +€9,394
up €9,394 (+5.9%), from €158,938 to €168,332
- Trade debts -€8,662
down €8,662 (-21.5%), from €40,197 to €31,534
- Current portion of long-term debt -€4,042
down €4,042 (-17.2%), from €23,476 to €19,434
- Staff costs +€11,629
up €11,629 (+10.6%), from €109,864 to €121,493
- Gross operating margin +€2,637
up €2,637 (+1.5%), from €177,818 to €180,455
- Taxes -€1,955
down €1,955 (-22.3%), from €8,782 to €6,827
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 | €379,215 | €357,429 | -€21,786 | -5.7% |
| Fixed assets | 21/28 | €114,860 | €77,549 | -€37,311 | -32.5% |
| Tangible fixed assets | 22/27 | €114,747 | €77,435 | -€37,311 | -32.5% |
| Furniture and vehicles | 24 | €108,386 | €73,631 | -€34,755 | -32.1% |
| Other tangible fixed assets | 26 | €6,360 | €3,805 | -€2,556 | -40.2% |
| Financial fixed assets | 28 | €114 | €114 | = | 0.0% |
| Current assets | 29/58 | €264,354 | €279,879 | +€15,525 | +5.9% |
| Amounts receivable within one year | 40/41 | €127,319 | €167,822 | +€40,504 | +31.8% |
| Trade receivables | 40 | €52,341 | €85,624 | +€33,283 | +63.6% |
| Other amounts receivable | 41 | €74,978 | €82,198 | +€7,221 | +9.6% |
| Cash at bank and in hand | 54/58 | €129,303 | €106,641 | -€22,662 | -17.5% |
| Deferred charges and accrued income | 490/1 | €7,733 | €5,416 | -€2,317 | -30.0% |
| Total equity and liabilities | 10/49 | €379,215 | €357,429 | -€21,786 | -5.7% |
| Equity | 10/15 | €238,760 | €248,154 | +€9,394 | +3.9% |
| Contributions | 10/11 | €15,493 | €15,493 | = | 0.0% |
| Reserves | 13 | €64,328 | €64,328 | = | 0.0% |
| Tax-exempt reserves | 132 | €64,328 | €64,328 | = | 0.0% |
| Profit (loss) carried forward | 14 | €158,938 | €168,332 | +€9,394 | +5.9% |
| Amounts payable | 17/49 | €140,455 | €109,275 | -€31,181 | -22.2% |
| Amounts payable after more than one year | 17 | €58,994 | €39,560 | -€19,434 | -32.9% |
| Financial debts | 170/4 | €58,994 | €39,560 | -€19,434 | -32.9% |
| Amounts payable within one year | 42/48 | €78,379 | €66,610 | -€11,770 | -15.0% |
| Current portion of amounts payable after more than one year | 42 | €23,476 | €19,434 | -€4,042 | -17.2% |
| Trade debts | 44 | €40,197 | €31,534 | -€8,662 | -21.5% |
| Suppliers | 440/4 | €40,197 | €31,534 | -€8,662 | -21.5% |
| Taxes, remuneration and social security | 45 | €14,706 | €15,641 | +€935 | +6.4% |
| Taxes | 450/3 | €2,900 | €5,272 | +€2,371 | +81.8% |
| Remuneration and social security | 454/9 | €11,806 | €10,369 | -€1,437 | -12.2% |
| Accrued charges and deferred income | 492/3 | €3,082 | €3,106 | +€24 | +0.8% |
| Remuneration, social security and pensions | 62 | €109,864 | €121,493 | +€11,629 | +10.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,509 | €37,311 | +€1,802 | +5.1% |
| Other operating charges | 640/8 | €2,909 | €2,836 | -€73 | -2.5% |
| Gross operating margin | 9900 | €177,818 | €180,455 | +€2,637 | +1.5% |
| Operating profit (loss) | 9901 | €29,536 | €18,815 | -€10,722 | -36.3% |
| Financial income | 75/76B | €435 | €1,167 | +€732 | +168.3% |
| Recurring financial income | 75 | €435 | €1,167 | +€732 | +168.3% |
| Financial charges | 65/66B | €4,508 | €3,761 | -€747 | -16.6% |
| Recurring financial charges | 65 | €4,508 | €3,761 | -€747 | -16.6% |
| Profit (loss) for the period before taxes | 9903 | €25,463 | €16,221 | -€9,242 | -36.3% |
| Income taxes | 67/77 | €8,782 | €6,827 | -€1,955 | -22.3% |
| Profit (loss) for the period | 9904 | €16,681 | €9,394 | -€7,287 | -43.7% |
| Profit (loss) for the period to be appropriated | 9905 | €16,681 | €9,394 | -€7,287 | -43.7% |
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 5 October 2026 via checked.be.