DANNEELS RETAIL: 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 RETAIL
NACE 68.110, Buying and selling of own real estate
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1.8m
2024 · -€37,143+€1.8m
Equity
€6.6m
2024 · €4.9m+€1.8m
Cash
€157,816
2024 · €20,263+€137,553
Balance sheet total
€7.1m
2024 · €10.0m-€3.0m
Largest movements
Assets
- Receivables within one year -€1.6m
down €1.6m (-95.6%), from €1.7m to €72,706
of which Other amounts receivable: -€1.6m
- Financial fixed assets -€1.5m
no longer reported in 2025 (was €1.5m)
- Cash +€137,553
up €137,553 (+679%), from €20,263 to €157,816
mainly Net result for the year (+€1.8m) and Receivables within one year (+€1.6m)
Equity and liabilities
- Other debts -€4.7m
down €4.7m (-92.2%), from €5.1m to €400,000
- Reserves +€1.8m
up €1.8m (+1,605%), from €110,000 to €1.9m
of which Distributable reserves: +€1.3m
Income statement
- Financial income +€1.9m
up €1.9m (+2,172%), from €88,823 to €2.0m
of which Non-recurring financial income: +€1.9m
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
-€37,143
Depreciation
-€67,703
Other operating charges
+€16,335
Other operating items
-€37,732
Financial income
+€1.9m
Financial charges
-€17,276
Taxes
-€4,608
Result 2025
€1.8m
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
-€1.3m
Investment
+€1.4m
Financing
-€1,250
Cash 2024
€20,263
From operations (derived)
-€1.3m
Net result for the year
+€1.8m
Depreciation
+€101,060
Receivables within one year
+€1.6m
Smaller working-capital items
+€2,311
Trade debts
-€14,453
Other debts
-€4.7m
Accrued charges and deferred income
-€19,773
Investment (derived)
+€1.4m
Investment in fixed assets (net)
+€1.4m
Financing
-€1,250
Debts after one year
-€1,250
Cash 2025
€157,816
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,006,238 | €7,053,222 | -€3.0m | -29.5% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €8,330,642 | €6,820,238 | -€1.5m | -18.1% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €6,830,895 | €6,820,238 | -€10,657 | -0.2% |
| Land and buildings | 22 | €4,220,273 | €6,820,238 | +€2.6m | +61.6% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Assets under construction and advance payments | 27 | €2,610,622 | - | -€2.6m | |
| Financial fixed assets | 28 | €1,499,748 | - | -€1.5m | |
| Affiliated companies | 280/1 | €1,499,748 | - | -€1.5m | |
| Participating interests | 280 | €1,499,748 | - | -€1.5m | |
| Current assets | 29/58 | €1,675,596 | €232,984 | -€1.4m | -86.1% |
| Amounts receivable within one year | 40/41 | €1,651,687 | €72,706 | -€1.6m | -95.6% |
| Trade receivables | 40 | €2,615 | €24,348 | +€21,732 | +831% |
| Other amounts receivable | 41 | €1,649,072 | €48,358 | -€1.6m | -97.1% |
| Cash at bank and in hand | 54/58 | €20,263 | €157,816 | +€137,553 | +679% |
| Deferred charges and accrued income | 490/1 | €3,646 | €2,462 | -€1,184 | -32.5% |
| Total equity and liabilities | 10/49 | €10,006,238 | €7,053,222 | -€3.0m | -29.5% |
| Equity | 10/15 | €4,863,438 | €6,644,771 | +€1.8m | +36.6% |
| Contributions | 10/11 | €4,750,000 | €4,750,000 | = | 0.0% |
| Capital | 10 | €4,750,000 | €4,750,000 | = | 0.0% |
| Issued capital | 100 | €4,750,000 | €4,750,000 | = | 0.0% |
| Reserves | 13 | €110,000 | €1,875,000 | +€1.8m | +1,605% |
| Non-distributable reserves | 130/1 | €50,000 | €475,000 | +€425,000 | +850% |
| Legal reserve | 130 | €50,000 | €475,000 | +€425,000 | +850% |
| Distributable reserves | 133 | €60,000 | €1,400,000 | +€1.3m | +2,233% |
| Profit (loss) carried forward | 14 | €3,438 | €19,771 | +€16,333 | +475% |
| Amounts payable | 17/49 | €5,142,800 | €408,451 | -€4.7m | -92.1% |
| Amounts payable after more than one year | 17 | €1,350 | €100 | -€1,250 | -92.6% |
| Other amounts payable | 178/9 | €1,350 | €100 | -€1,250 | -92.6% |
| Amounts payable within one year | 42/48 | €5,117,719 | €404,393 | -€4.7m | -92.1% |
| Trade debts | 44 | €17,350 | €2,896 | -€14,453 | -83.3% |
| Suppliers | 440/4 | €17,350 | €2,896 | -€14,453 | -83.3% |
| Taxes, remuneration and social security | 45 | €369 | €1,497 | +€1,128 | +305% |
| Taxes | 450/3 | €369 | €1,497 | +€1,128 | +305% |
| Other amounts payable | 47/48 | €5,100,000 | €400,000 | -€4.7m | -92.2% |
| Accrued charges and deferred income | 492/3 | €23,731 | €3,958 | -€19,773 | -83.3% |
| Operating income | 70/76A | €108,589 | €145,052 | +€36,463 | +33.6% |
| Other operating income | 74 | €108,589 | €136,588 | +€27,999 | +25.8% |
| Non-recurring operating income | 76A | - | €8,464 | +€8,464 | |
| Operating charges | 60/66A | €73,782 | €199,345 | +€125,562 | +170% |
| Services and other goods | 61 | €12,710 | €86,904 | +€74,194 | +584% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,357 | €101,060 | +€67,703 | +203% |
| Other operating charges | 640/8 | €27,716 | €11,381 | -€16,335 | -58.9% |
| Operating profit (loss) | 9901 | €34,806 | -€54,293 | -€89,099 | |
| Financial income | 75/76B | €88,823 | €2,018,282 | +€1.9m | +2,172% |
| Recurring financial income | 75 | €88,823 | €78,030 | -€10,793 | -12.2% |
| Income from current assets | 751 | €88,810 | €78,030 | -€10,780 | -12.1% |
| Other financial income | 752/9 | €13 | - | -€13 | |
| Non-recurring financial income | 76B | - | €1,940,252 | +€1.9m | |
| Financial charges | 65/66B | €160,772 | €178,048 | +€17,276 | +10.7% |
| Recurring financial charges | 65 | €160,772 | €178,048 | +€17,276 | +10.7% |
| Debt charges | 650 | €160,743 | €178,048 | +€17,305 | +10.8% |
| Other financial charges | 652/9 | €28 | - | -€28 | |
| Profit (loss) for the period before taxes | 9903 | -€37,143 | €1,785,941 | +€1.8m | |
| Income taxes | 67/77 | €0 | €4,608 | +€4,608 | |
| Taxes | 670/3 | €0 | €4,608 | +€4,608 | |
| Profit (loss) for the period | 9904 | -€37,143 | €1,781,333 | +€1.8m | |
| Profit (loss) for the period to be appropriated | 9905 | -€37,143 | €1,781,333 | +€1.8m |
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 30 October 2026 via checked.be.