Danmarin: 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.
Danmarin
Largest movements
- Tangible fixed assets -€17,750
down €17,750 (-3.9%), from €455,088 to €437,338
- Accrued charges and deferred income -€14,359
down €14,359 (-81.6%), from €17,590 to €3,230
- Other debts -€11,023
down €11,023 (-5.7%), from €192,642 to €181,620
- Reserves +€10,619
up €10,619 (+14.6%), from €72,704 to €83,323
of which Distributable reserves: +€10,619
- Financial charges -€1,707
down €1,707 (-27.6%), from €6,193 to €4,487
- Other operating charges -€1,449
down €1,449 (-12.9%), from €11,262 to €9,813
- Gross operating margin -€1,315
down €1,315 (-2.7%), from €48,941 to €47,626
- Taxes +€704
up €704 (+16.6%), from €4,251 to €4,956
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 | €455,350 | €437,774 | -€17,576 | -3.9% |
| Fixed assets | 21/28 | €455,088 | €437,338 | -€17,750 | -3.9% |
| Tangible fixed assets | 22/27 | €455,088 | €437,338 | -€17,750 | -3.9% |
| Land and buildings | 22 | €455,088 | €437,338 | -€17,750 | -3.9% |
| Current assets | 29/58 | €262 | €437 | +€174 | +66.4% |
| Cash at bank and in hand | 54/58 | €262 | €437 | +€174 | +66.4% |
| Total equity and liabilities | 10/49 | €455,350 | €437,774 | -€17,576 | -3.9% |
| Equity | 10/15 | €240,674 | €251,293 | +€10,619 | +4.4% |
| Contributions | 10/11 | €163,900 | €163,900 | = | 0.0% |
| Capital | 10 | €163,900 | €163,900 | = | 0.0% |
| Issued capital | 100 | €163,900 | €163,900 | = | 0.0% |
| Revaluation surpluses | 12 | €4,070 | €4,070 | = | 0.0% |
| Reserves | 13 | €72,704 | €83,323 | +€10,619 | +14.6% |
| Non-distributable reserves | 130/1 | €16,390 | €16,390 | = | 0.0% |
| Legal reserve | 130 | €16,390 | €16,390 | = | 0.0% |
| Distributable reserves | 133 | €56,314 | €66,933 | +€10,619 | +18.9% |
| Amounts payable | 17/49 | €214,676 | €186,481 | -€28,195 | -13.1% |
| Amounts payable within one year | 42/48 | €197,087 | €183,251 | -€13,836 | -7.0% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €183 | €425 | +€243 | +133.0% |
| Suppliers | 440/4 | €183 | €425 | +€243 | +133.0% |
| Taxes, remuneration and social security | 45 | €4,262 | €1,206 | -€3,057 | -71.7% |
| Taxes | 450/3 | €4,262 | €1,206 | -€3,057 | -71.7% |
| Other amounts payable | 47/48 | €192,642 | €181,620 | -€11,023 | -5.7% |
| Accrued charges and deferred income | 492/3 | €17,590 | €3,230 | -€14,359 | -81.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,750 | €17,750 | = | 0.0% |
| Other operating charges | 640/8 | €11,262 | €9,813 | -€1,449 | -12.9% |
| Gross operating margin | 9900 | €48,941 | €47,626 | -€1,315 | -2.7% |
| Operating profit (loss) | 9901 | €19,928 | €20,062 | +€134 | +0.7% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €6,193 | €4,487 | -€1,707 | -27.6% |
| Recurring financial charges | 65 | €6,193 | €4,487 | -€1,707 | -27.6% |
| Profit (loss) for the period before taxes | 9903 | €13,734 | €15,575 | +€1,841 | +13.4% |
| Income taxes | 67/77 | €4,251 | €4,956 | +€704 | +16.6% |
| Profit (loss) for the period | 9904 | €9,483 | €10,619 | +€1,136 | +12.0% |
| Profit (loss) for the period to be appropriated | 9905 | €9,483 | €10,619 | +€1,136 | +12.0% |
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 3 October 2026 via checked.be.