DANNEELS DEVELOPMENT: 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 DEVELOPMENT
NACE 68.310, Real estate agency activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€200,338
2024 · -€617,389+€817,726
Equity
€46.0m
2024 · €45.8m+€200,338
Cash
€309,566
2024 · €493,031-€183,465
Balance sheet total
€80.0m
2024 · €80.5m-€546,341
Largest movements
Assets
- Tangible fixed assets +€1.6m
up €1.6m (+603%), from €270,883 to €1.9m
of which Land and buildings: +€1.6m
- Stocks and contracts -€1.2m
down €1.2m (-1.5%), from €75.6m to €74.4m
Equity and liabilities
- Short-term financial debts +€3.0m
up €3.0m (+44.6%), from €6.7m to €9.7m
- Debts after one year -€1.7m
down €1.7m (-10.9%), from €15.7m to €14.0m
- Other debts -€1.7m
down €1.7m (-15.6%), from €10.8m to €9.1m
Income statement
- Goods and materials +€1.4m
up €1.4m (+22.0%), from €6.3m to €7.7m
of which Purchases: +€3.4m
- Other operating charges -€276,165
down €276,165 (-52.1%), from €529,837 to €253,672
- Staff costs -€220,752
down €220,752 (-22.0%), from €1.0m to €781,155
- Financial charges -€115,031
down €115,031 (-14.9%), from €771,851 to €656,819
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
-€617,389
Turnover
-€15,317
Other operating income
-€8,248
Goods and materials
-€1.4m
Services and other goods
-€66,817
Staff costs
+€220,752
Depreciation
+€13,999
Provisions
-€42,405
Other operating charges
+€276,165
Other operating items
+€1.7m
Financial income
-€7,039
Financial charges
+€115,031
Taxes
+€20
Result 2025
€200,338
raises the resultlowers the resultnot broken down further in the accounts
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
+€167,583
Investment
-€1.6m
Financing
+€1.3m
Cash 2024
€493,031
From operations (derived)
+€167,583
Net result for the year
+€200,338
Stocks and contracts
+€1.2m
Receivables within one year
+€286,230
Deferred charges and accrued income
+€542,970
Trade debts
-€132,379
Tax, wage and social debts
-€14,484
Advances received
-€26,775
Other debts
-€1.7m
Accrued charges and deferred income
-€167,255
Investment (derived)
-€1.6m
Investment in fixed assets (net)
-€1.6m
Financing
+€1.3m
Debts after one year
-€1.7m
Short-term financial debts
+€3.0m
Cash 2025
€309,566
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €80,500,743 | €79,954,402 | -€546,341 | -0.7% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €409,658 | €2,043,780 | +€1.6m | +399% |
| Tangible fixed assets | 22/27 | €270,883 | €1,904,427 | +€1.6m | +603% |
| Land and buildings | 22 | €262,089 | €1,904,427 | +€1.6m | +627% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €8,793 | €0 | -€8,793 | -100% |
| Financial fixed assets | 28 | €138,775 | €139,353 | +€578 | +0.4% |
| Other financial fixed assets | 284/8 | €138,775 | €139,353 | +€578 | +0.4% |
| Amounts receivable and cash guarantees | 285/8 | €138,775 | €139,353 | +€578 | +0.4% |
| Current assets | 29/58 | €80,091,085 | €77,910,622 | -€2.2m | -2.7% |
| Stocks and contracts in progress | 3 | €75,550,590 | €74,382,791 | -€1.2m | -1.5% |
| Stocks | 30/36 | €75,550,590 | €74,382,791 | -€1.2m | -1.5% |
| Property held for sale | 35 | €75,550,590 | €74,382,791 | -€1.2m | -1.5% |
| Amounts receivable within one year | 40/41 | €3,493,852 | €3,207,622 | -€286,230 | -8.2% |
| Trade receivables | 40 | €2,704,203 | €2,606,096 | -€98,107 | -3.6% |
| Other amounts receivable | 41 | €789,649 | €601,526 | -€188,123 | -23.8% |
| Cash at bank and in hand | 54/58 | €493,031 | €309,566 | -€183,465 | -37.2% |
| Deferred charges and accrued income | 490/1 | €553,612 | €10,643 | -€542,970 | -98.1% |
| Total equity and liabilities | 10/49 | €80,500,743 | €79,954,402 | -€546,341 | -0.7% |
| Equity | 10/15 | €45,804,655 | €46,004,992 | +€200,338 | +0.4% |
| Contributions | 10/11 | €3,900,000 | €3,900,000 | = | 0.0% |
| Capital | 10 | €3,900,000 | €3,900,000 | = | 0.0% |
| Issued capital | 100 | €3,900,000 | €3,900,000 | = | 0.0% |
| Reserves | 13 | €41,890,000 | €42,100,000 | +€210,000 | +0.5% |
| Non-distributable reserves | 130/1 | €390,000 | €390,000 | = | 0.0% |
| Legal reserve | 130 | €390,000 | €390,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,925,000 | €4,925,000 | = | 0.0% |
| Distributable reserves | 133 | €36,575,000 | €36,785,000 | +€210,000 | +0.6% |
| Profit (loss) carried forward | 14 | €14,655 | €4,992 | -€9,662 | -65.9% |
| Provisions and deferred taxes | 16 | €16,572 | €16,572 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €16,572 | €16,572 | = | 0.0% |
| Pensions and similar obligations | 160 | €16,572 | €16,572 | = | 0.0% |
| Amounts payable | 17/49 | €34,679,516 | €33,932,838 | -€746,678 | -2.2% |
| Amounts payable after more than one year | 17 | €15,714,286 | €14,000,000 | -€1.7m | -10.9% |
| Financial debts | 170/4 | €15,714,286 | €14,000,000 | -€1.7m | -10.9% |
| Credit institutions | 173 | €15,714,286 | €14,000,000 | -€1.7m | -10.9% |
| Amounts payable within one year | 42/48 | €18,787,697 | €19,922,559 | +€1.1m | +6.0% |
| Financial debts | 43 | €6,719,466 | €9,716,826 | +€3.0m | +44.6% |
| Credit institutions | 430/8 | €6,719,466 | €9,716,826 | +€3.0m | +44.6% |
| Trade debts | 44 | €1,109,072 | €976,693 | -€132,379 | -11.9% |
| Suppliers | 440/4 | €1,109,072 | €976,693 | -€132,379 | -11.9% |
| Advances received on contracts in progress | 46 | €26,775 | - | -€26,775 | |
| Taxes, remuneration and social security | 45 | €114,636 | €100,152 | -€14,484 | -12.6% |
| Taxes | 450/3 | €6,450 | €49,898 | +€43,448 | +674% |
| Remuneration and social security | 454/9 | €108,186 | €50,255 | -€57,932 | -53.5% |
| Other amounts payable | 47/48 | €10,817,748 | €9,128,888 | -€1.7m | -15.6% |
| Accrued charges and deferred income | 492/3 | €177,533 | €10,278 | -€167,255 | -94.2% |
| Operating income | 70/76A | €9,342,600 | €11,042,820 | +€1.7m | +18.2% |
| Turnover | 70 | €9,221,542 | €9,206,225 | -€15,317 | -0.2% |
| Own construction capitalised | 72 | - | €1,704,786 | +€1.7m | |
| Other operating income | 74 | €121,058 | €112,810 | -€8,248 | -6.8% |
| Non-recurring operating income | 76A | - | €18,998 | +€18,998 | |
| Operating charges | 60/66A | €9,194,099 | €10,184,604 | +€990,505 | +10.8% |
| Goods for resale, raw materials and consumables | 60 | €6,316,890 | €7,704,896 | +€1.4m | +22.0% |
| Purchases | 600/8 | €3,156,063 | €6,537,096 | +€3.4m | +107% |
| Change in stocks: decrease (increase) | 609 | €3,160,828 | €1,167,799 | -€2.0m | -63.1% |
| Services and other goods | 61 | €1,373,871 | €1,440,688 | +€66,817 | +4.9% |
| Remuneration, social security and pensions | 62 | €1,001,907 | €781,155 | -€220,752 | -22.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,999 | - | -€13,999 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€42,405 | - | +€42,405 | |
| Other operating charges | 640/8 | €529,837 | €253,672 | -€276,165 | -52.1% |
| Non-recurring operating charges | 66A | - | €4,193 | +€4,193 | |
| Operating profit (loss) | 9901 | €148,501 | €858,215 | +€709,715 | +478% |
| Financial income | 75/76B | €7,753 | €714 | -€7,039 | -90.8% |
| Recurring financial income | 75 | €7,753 | €714 | -€7,039 | -90.8% |
| Income from current assets | 751 | €7,677 | €713 | -€6,964 | -90.7% |
| Other financial income | 752/9 | €76 | €0 | -€76 | -99.9% |
| Financial charges | 65/66B | €771,851 | €656,819 | -€115,031 | -14.9% |
| Recurring financial charges | 65 | €771,851 | €656,819 | -€115,031 | -14.9% |
| Debt charges | 650 | €771,851 | €656,783 | -€115,068 | -14.9% |
| Other financial charges | 652/9 | - | €36 | +€36 | |
| Profit (loss) for the period before taxes | 9903 | -€615,597 | €202,109 | +€817,706 | |
| Income taxes | 67/77 | €1,792 | €1,772 | -€20 | -1.1% |
| Taxes | 670/3 | €1,792 | €1,772 | -€20 | -1.1% |
| Profit (loss) for the period | 9904 | -€617,389 | €200,338 | +€817,726 | |
| Profit (loss) for the period to be appropriated | 9905 | -€617,389 | €200,338 | +€817,726 |
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 13 October 2026 via checked.be.