DANNEELS SBA: 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.
DANNEELS SBA
Largest movements
- Receivables within one year -€436,388
down €436,388 (-28.2%), from €1.5m to €1.1m
of which Trade receivables: -€560,569
- Tangible fixed assets -€368,910
down €368,910 (-17.2%), from €2.1m to €1.8m
of which Furniture and vehicles: -€345,758
- Cash +€313,165
up €313,165 (+107%), from €293,273 to €606,439
mainly Receivables within one year (+€436,388) and Depreciation (+€301,805)
- Debts after one year -€467,346
down €467,346 (-6.7%), from €7.0m to €6.5m
of which Other amounts payable: -€3.4m
- Short-term financial debts +€281,407
up €281,407 (+94.3%), from €298,380 to €579,787
- Trade debts -€147,958
down €147,958 (-15.9%), from €930,612 to €782,654
- Profit (loss) carried forward +€131,495
up €131,495 (+18.9%), from €694,447 to €825,942
- Write-downs +€413,527
up €413,527, from -€92,457 to €321,070
- Gross operating margin +€408,015
up €408,015 (+30.4%), from €1.3m to €1.8m
- Staff costs -€113,993
down €113,993 (-10.9%), from €1.0m to €935,766
- Financial income +€88,838
up €88,838 (+107%), from €82,928 to €171,765
of which Non-recurring financial income: +€91,466
- Depreciation -€47,948
down €47,948 (-13.7%), from €349,753 to €301,805
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 | €10,257,277 | €9,934,889 | -€322,389 | -3.1% |
| Fixed assets | 21/28 | €2,323,115 | €1,959,621 | -€363,494 | -15.6% |
| Intangible fixed assets | 21 | €182,760 | €188,176 | +€5,416 | +3.0% |
| Tangible fixed assets | 22/27 | €2,140,355 | €1,771,445 | -€368,910 | -17.2% |
| Land and buildings | 22 | €1,296,508 | €1,186,529 | -€109,979 | -8.5% |
| Plant, machinery and equipment | 23 | €182,843 | €158,592 | -€24,251 | -13.3% |
| Furniture and vehicles | 24 | €513,430 | €167,672 | -€345,758 | -67.3% |
| Leasing and similar rights | 25 | €147,574 | €258,653 | +€111,079 | +75.3% |
| Current assets | 29/58 | €7,934,162 | €7,975,268 | +€41,105 | +0.5% |
| Stocks and contracts in progress | 3 | €6,071,293 | €6,156,735 | +€85,442 | +1.4% |
| Stocks | 30/36 | €6,071,293 | €6,156,735 | +€85,442 | +1.4% |
| Amounts receivable within one year | 40/41 | €1,547,227 | €1,110,839 | -€436,388 | -28.2% |
| Trade receivables | 40 | €1,457,006 | €896,437 | -€560,569 | -38.5% |
| Other amounts receivable | 41 | €90,221 | €214,402 | +€124,181 | +138% |
| Current investments | 50/53 | - | €60,997 | +€60,997 | |
| Cash at bank and in hand | 54/58 | €293,273 | €606,439 | +€313,165 | +107% |
| Deferred charges and accrued income | 490/1 | €22,369 | €40,257 | +€17,888 | +80.0% |
| Total equity and liabilities | 10/49 | €10,257,277 | €9,934,889 | -€322,389 | -3.1% |
| Equity | 10/15 | €982,047 | €1,099,325 | +€117,278 | +11.9% |
| Contributions | 10/11 | €111,860 | €111,860 | = | 0.0% |
| Reserves | 13 | €27,500 | €27,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €27,500 | €27,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €694,447 | €825,942 | +€131,495 | +18.9% |
| Investment grants | 15 | €148,240 | €134,024 | -€14,216 | -9.6% |
| Amounts payable | 17/49 | €9,275,230 | €8,835,563 | -€439,667 | -4.7% |
| Amounts payable after more than one year | 17 | €6,979,161 | €6,511,815 | -€467,346 | -6.7% |
| Financial debts | 170/4 | €2,111,620 | €5,049,605 | +€2.9m | +139% |
| Other amounts payable | 178/9 | €4,867,541 | €1,462,210 | -€3.4m | -70.0% |
| Amounts payable within one year | 42/48 | €2,294,797 | €2,323,748 | +€28,952 | +1.3% |
| Current portion of amounts payable after more than one year | 42 | €915,186 | €842,767 | -€72,419 | -7.9% |
| Financial debts | 43 | €298,380 | €579,787 | +€281,407 | +94.3% |
| Credit institutions | 430/8 | €298,380 | €579,787 | +€281,407 | +94.3% |
| Trade debts | 44 | €930,612 | €782,654 | -€147,958 | -15.9% |
| Suppliers | 440/4 | €930,612 | €782,654 | -€147,958 | -15.9% |
| Taxes, remuneration and social security | 45 | €150,618 | €116,577 | -€34,042 | -22.6% |
| Taxes | 450/3 | €55,011 | €26,393 | -€28,618 | -52.0% |
| Remuneration and social security | 454/9 | €95,607 | €90,184 | -€5,423 | -5.7% |
| Other amounts payable | 47/48 | - | €1,964 | +€1,964 | |
| Accrued charges and deferred income | 492/3 | €1,273 | €0 | -€1,273 | -100% |
| Non-recurring operating income | 76A | €92,642 | €50,486 | -€42,157 | -45.5% |
| Remuneration, social security and pensions | 62 | €1,049,759 | €935,766 | -€113,993 | -10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €349,753 | €301,805 | -€47,948 | -13.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€92,457 | €321,070 | +€413,527 | |
| Other operating charges | 640/8 | €37,042 | €45,206 | +€8,164 | +22.0% |
| Non-recurring operating charges | 66A | €62,663 | €35,085 | -€27,578 | -44.0% |
| Gross operating margin | 9900 | €1,344,096 | €1,752,111 | +€408,015 | +30.4% |
| Operating profit (loss) | 9901 | -€62,664 | €113,179 | +€175,843 | |
| Financial income | 75/76B | €82,928 | €171,765 | +€88,838 | +107% |
| Recurring financial income | 75 | €82,928 | €80,299 | -€2,629 | -3.2% |
| Non-recurring financial income | 76B | - | €91,466 | +€91,466 | |
| Financial charges | 65/66B | €133,841 | €141,814 | +€7,972 | +6.0% |
| Recurring financial charges | 65 | €133,841 | €99,772 | -€34,070 | -25.5% |
| Non-recurring financial charges | 66B | - | €42,042 | +€42,042 | |
| Profit (loss) for the period before taxes | 9903 | -€113,578 | €143,131 | +€256,708 | |
| Income taxes | 67/77 | -€2,286 | €11,636 | +€13,922 | |
| Profit (loss) for the period | 9904 | -€111,292 | €131,495 | +€242,786 | |
| Profit (loss) for the period to be appropriated | 9905 | -€111,292 | €131,495 | +€242,786 |
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 26 October 2026 via checked.be.