DANNEELS: 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.
What changed
DANNEELS
NACE 18.120, Other printing
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€8,467
2024 · €9,555-€1,088
Equity
€490,566
2024 · €482,099+€8,467
Cash
€32,350
2024 · €36,931-€4,581
Balance sheet total
€1.3m
2024 · €1.3m-€11,481
Largest movements
Assets
- Stocks and contracts +€31,699
up €31,699 (+8.7%), from €365,114 to €396,813
- Tangible fixed assets -€31,670
down €31,670 (-3.8%), from €834,947 to €803,277
of which Furniture and vehicles: -€24,570
Equity and liabilities
- Other debts +€53,489
up €53,489 (+11.6%), from €461,268 to €514,757
- Trade debts -€46,805
down €46,805 (-48.5%), from €96,532 to €49,727
- Debts after one year -€34,918
down €34,918 (-28.9%), from €120,746 to €85,829
Income statement
- Gross operating margin +€25,067
up €25,067 (+8.2%), from €306,316 to €331,383
- Depreciation +€21,351
up €21,351 (+68.0%), from €31,414 to €52,765
- Financial charges +€5,186
up €5,186 (+13.0%), from €39,949 to €45,135
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.
Result 2024
€9,555
Gross operating margin
+€25,067
Staff costs
+€1,177
Depreciation
-€21,351
Write-downs
-€1,903
Other operating charges
-€63
Financial income
+€2,521
Financial charges
-€5,186
Taxes
-€1,349
Result 2025
€8,467
raises the resultlowers the result
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.
From operations
+€51,116
Investment
-€20,730
Financing
-€34,967
Cash 2024
€36,931
From operations (derived)
+€51,116
Net result for the year
+€8,467
Depreciation
+€52,765
Stocks and contracts
-€31,699
Receivables within one year
+€8,093
Deferred charges and accrued income
-€1,529
Trade debts
-€46,805
Tax, wage and social debts
+€1,857
Other debts
+€53,489
Accrued charges and deferred income
+€6,478
Investment (derived)
-€20,730
Investment in fixed assets (net)
-€20,730
Financing
-€34,967
Debts after one year
-€34,918
Current portion of long-term debt
-€49
Cash 2025
€32,350
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,324,655 | €1,313,174 | -€11,481 | -0.9% |
| Fixed assets | 21/28 | €837,082 | €805,047 | -€32,035 | -3.8% |
| Intangible fixed assets | 21 | €1,803 | €1,438 | -€365 | -20.2% |
| Tangible fixed assets | 22/27 | €834,947 | €803,277 | -€31,670 | -3.8% |
| Land and buildings | 22 | €674,287 | €672,165 | -€2,122 | -0.3% |
| Plant, machinery and equipment | 23 | €7,251 | €21,424 | +€14,173 | +195% |
| Furniture and vehicles | 24 | €110,370 | €85,800 | -€24,570 | -22.3% |
| Leasing and similar rights | 25 | €43,040 | €23,888 | -€19,151 | -44.5% |
| Financial fixed assets | 28 | €332 | €332 | = | 0.0% |
| Current assets | 29/58 | €487,573 | €508,127 | +€20,554 | +4.2% |
| Stocks and contracts in progress | 3 | €365,114 | €396,813 | +€31,699 | +8.7% |
| Stocks | 30/36 | €365,114 | €396,813 | +€31,699 | +8.7% |
| Amounts receivable within one year | 40/41 | €74,433 | €66,340 | -€8,093 | -10.9% |
| Trade receivables | 40 | €70,897 | €62,160 | -€8,737 | -12.3% |
| Other amounts receivable | 41 | €3,536 | €4,180 | +€644 | +18.2% |
| Cash at bank and in hand | 54/58 | €36,931 | €32,350 | -€4,581 | -12.4% |
| Deferred charges and accrued income | 490/1 | €11,095 | €12,624 | +€1,529 | +13.8% |
| Total equity and liabilities | 10/49 | €1,324,655 | €1,313,174 | -€11,481 | -0.9% |
| Equity | 10/15 | €482,099 | €490,566 | +€8,467 | +1.8% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Capital | 10 | €125,000 | €125,000 | = | 0.0% |
| Issued capital | 100 | €125,000 | €125,000 | = | 0.0% |
| Reserves | 13 | €211,614 | €220,014 | +€8,400 | +4.0% |
| Non-distributable reserves | 130/1 | €12,500 | €12,500 | = | 0.0% |
| Legal reserve | 130 | €12,500 | €12,500 | = | 0.0% |
| Distributable reserves | 133 | €199,114 | €207,514 | +€8,400 | +4.2% |
| Profit (loss) carried forward | 14 | €145,485 | €145,552 | +€67 | 0.0% |
| Amounts payable | 17/49 | €842,556 | €822,608 | -€19,948 | -2.4% |
| Amounts payable after more than one year | 17 | €120,746 | €85,829 | -€34,918 | -28.9% |
| Financial debts | 170/4 | €120,746 | €85,829 | -€34,918 | -28.9% |
| Amounts payable within one year | 42/48 | €693,169 | €701,661 | +€8,492 | +1.2% |
| Current portion of amounts payable after more than one year | 42 | €85,597 | €85,547 | -€49 | -0.1% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €96,532 | €49,727 | -€46,805 | -48.5% |
| Suppliers | 440/4 | €96,532 | €49,727 | -€46,805 | -48.5% |
| Taxes, remuneration and social security | 45 | €49,773 | €51,630 | +€1,857 | +3.7% |
| Taxes | 450/3 | €8,145 | €19,477 | +€11,332 | +139% |
| Remuneration and social security | 454/9 | €41,628 | €32,153 | -€9,475 | -22.8% |
| Other amounts payable | 47/48 | €461,268 | €514,757 | +€53,489 | +11.6% |
| Accrued charges and deferred income | 492/3 | €28,641 | €35,119 | +€6,478 | +22.6% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €204,124 | €202,947 | -€1,177 | -0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,414 | €52,765 | +€21,351 | +68.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,903 | +€1,903 | |
| Other operating charges | 640/8 | €20,795 | €20,859 | +€63 | +0.3% |
| Gross operating margin | 9900 | €306,316 | €331,383 | +€25,067 | +8.2% |
| Operating profit (loss) | 9901 | €49,983 | €52,910 | +€2,927 | +5.9% |
| Financial income | 75/76B | €2,175 | €4,695 | +€2,521 | +116% |
| Recurring financial income | 75 | €2,175 | €4,695 | +€2,521 | +116% |
| Financial charges | 65/66B | €39,949 | €45,135 | +€5,186 | +13.0% |
| Recurring financial charges | 65 | €39,949 | €45,135 | +€5,186 | +13.0% |
| Profit (loss) for the period before taxes | 9903 | €12,209 | €12,470 | +€261 | +2.1% |
| Income taxes | 67/77 | €2,654 | €4,003 | +€1,349 | +50.8% |
| Profit (loss) for the period | 9904 | €9,555 | €8,467 | -€1,088 | -11.4% |
| Profit (loss) for the period to be appropriated | 9905 | €9,555 | €8,467 | -€1,088 | -11.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.