Daniëls Projects: 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.
Daniëls Projects
Largest movements
- Receivables within one year +€20,158
up €20,158 (+33.5%), from €60,111 to €80,269
of which Trade receivables: +€14,958
- Tangible fixed assets -€17,873
down €17,873 (-23.3%), from €76,627 to €58,754
of which Furniture and vehicles: -€14,921
- Cash +€7,529
up €7,529 (+40.4%), from €18,647 to €26,176
mainly Depreciation (+€17,873) and Net result for the year (+€15,266)
- Deferred charges and accrued income +€2,863
up €2,863 (+290%), from €987 to €3,851
- Other debts +€12,935
new in 2025: €12,935
- Debts after one year -€11,740
down €11,740 (-25.9%), from €45,358 to €33,618
- Tax, wage and social debts +€8,263
up €8,263 (+88.6%), from €9,323 to €17,586
- Reserves +€2,331
up €2,331 (+3.1%), from €75,374 to €77,705
- Gross operating margin +€26,198
up €26,198 (+72.3%), from €36,218 to €62,415
- Depreciation +€8,365
up €8,365 (+88.0%), from €9,508 to €17,873
- Taxes +€8,114
up €8,114 (+281%), from €2,888 to €11,002
- Financial charges +€700
up €700 (+4.2%), from €16,727 to €17,427
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.
Derived cash bridge
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 | €156,372 | €169,049 | +€12,677 | +8.1% |
| Fixed assets | 21/28 | €76,627 | €58,754 | -€17,873 | -23.3% |
| Tangible fixed assets | 22/27 | €76,627 | €58,754 | -€17,873 | -23.3% |
| Land and buildings | 22 | €7,029 | €4,957 | -€2,072 | -29.5% |
| Plant, machinery and equipment | 23 | €902 | €22 | -€880 | -97.6% |
| Furniture and vehicles | 24 | €68,696 | €53,775 | -€14,921 | -21.7% |
| Current assets | 29/58 | €79,745 | €110,295 | +€30,550 | +38.3% |
| Amounts receivable within one year | 40/41 | €60,111 | €80,269 | +€20,158 | +33.5% |
| Trade receivables | 40 | €342 | €15,300 | +€14,958 | +4,373% |
| Other amounts receivable | 41 | €59,769 | €64,968 | +€5,199 | +8.7% |
| Cash at bank and in hand | 54/58 | €18,647 | €26,176 | +€7,529 | +40.4% |
| Deferred charges and accrued income | 490/1 | €987 | €3,851 | +€2,863 | +290% |
| Total equity and liabilities | 10/49 | €156,372 | €169,049 | +€12,677 | +8.1% |
| Equity | 10/15 | €87,374 | €89,705 | +€2,331 | +2.7% |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Reserves | 13 | €75,374 | €77,705 | +€2,331 | +3.1% |
| Distributable reserves | 133 | €75,374 | €77,705 | +€2,331 | +3.1% |
| Amounts payable | 17/49 | €68,998 | €79,344 | +€10,346 | +15.0% |
| Amounts payable after more than one year | 17 | €45,358 | €33,618 | -€11,740 | -25.9% |
| Financial debts | 170/4 | €45,358 | €33,618 | -€11,740 | -25.9% |
| Amounts payable within one year | 42/48 | €23,640 | €45,726 | +€22,086 | +93.4% |
| Current portion of amounts payable after more than one year | 42 | €11,295 | €11,740 | +€445 | +3.9% |
| Trade debts | 44 | €3,022 | €3,465 | +€443 | +14.7% |
| Suppliers | 440/4 | €3,022 | €3,465 | +€443 | +14.7% |
| Taxes, remuneration and social security | 45 | €9,323 | €17,586 | +€8,263 | +88.6% |
| Taxes | 450/3 | €9,323 | €17,586 | +€8,263 | +88.6% |
| Other amounts payable | 47/48 | - | €12,935 | +€12,935 | |
| Remuneration, social security and pensions | 62 | €147 | - | -€147 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,508 | €17,873 | +€8,365 | +88.0% |
| Other operating charges | 640/8 | €1,081 | €927 | -€154 | -14.3% |
| Non-recurring operating charges | 66A | €3,494 | - | -€3,494 | |
| Gross operating margin | 9900 | €36,218 | €62,415 | +€26,198 | +72.3% |
| Operating profit (loss) | 9901 | €21,988 | €43,616 | +€21,628 | +98.4% |
| Financial income | 75/76B | €165 | €79 | -€86 | -52.1% |
| Recurring financial income | 75 | €165 | €79 | -€86 | -52.1% |
| Financial charges | 65/66B | €16,727 | €17,427 | +€700 | +4.2% |
| Recurring financial charges | 65 | €16,727 | €17,427 | +€700 | +4.2% |
| Profit (loss) for the period before taxes | 9903 | €5,426 | €26,268 | +€20,842 | +384% |
| Income taxes | 67/77 | €2,888 | €11,002 | +€8,114 | +281% |
| Profit (loss) for the period | 9904 | €2,538 | €15,266 | +€12,728 | +502% |
| Profit (loss) for the period to be appropriated | 9905 | €2,538 | €15,266 | +€12,728 | +502% |
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 24 October 2026 via checked.be.