DANNYBEL: 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.
DANNYBEL
Largest movements
- Receivables within one year -€121,893
down €121,893 (-82.2%), from €148,293 to €26,401
of which Other amounts receivable: -€97,244
- Cash -€51,533
down €51,533 (-43.1%), from €119,642 to €68,109
mainly Short-term financial debts (-€214,000) and Contributions, distributions and other (-€80,000)
- Tangible fixed assets -€49,623
down €49,623 (-31.2%), from €158,918 to €109,294
of which Leasing and similar rights: -€31,055
- Stocks and contracts +€8,737
up €8,737 (+2.1%), from €413,146 to €421,883
- Short-term financial debts -€214,000
down €214,000 (-100%), from €214,000 to €0
- Other debts +€160,135
up €160,135 (+10,676%), from €1,500 to €161,635
- Reserves -€92,811
down €92,811 (-18.6%), from €499,521 to €406,711
of which Distributable reserves: -€92,811
- Debts after one year -€24,988
down €24,988 (-53.7%), from €46,555 to €21,567
- Trade debts -€15,868
down €15,868 (-82.4%), from €19,254 to €3,386
- Gross operating margin -€54,252
down €54,252 (-40.9%), from €132,519 to €78,267
- Depreciation -€16,283
down €16,283 (-44.5%), from €36,609 to €20,327
- Taxes -€10,649
down €10,649, from €8,894 to -€1,755
- Financial charges -€3,818
down €3,818 (-23.3%), from €16,403 to €12,585
- Staff costs +€1,889
up €1,889 (+3.9%), from €48,515 to €50,404
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 | €842,479 | €627,654 | -€214,825 | -25.5% |
| Fixed assets | 21/28 | €159,043 | €109,419 | -€49,623 | -31.2% |
| Tangible fixed assets | 22/27 | €158,918 | €109,294 | -€49,623 | -31.2% |
| Land and buildings | 22 | €107,736 | €94,419 | -€13,317 | -12.4% |
| Plant, machinery and equipment | 23 | €262 | €0 | -€262 | -100% |
| Furniture and vehicles | 24 | €2,225 | €2,398 | +€174 | +7.8% |
| Leasing and similar rights | 25 | €31,055 | €0 | -€31,055 | -100% |
| Other tangible fixed assets | 26 | €17,640 | €12,477 | -€5,162 | -29.3% |
| Financial fixed assets | 28 | €125 | €125 | = | 0.0% |
| Current assets | 29/58 | €683,436 | €518,234 | -€165,202 | -24.2% |
| Stocks and contracts in progress | 3 | €413,146 | €421,883 | +€8,737 | +2.1% |
| Stocks | 30/36 | €413,146 | €421,883 | +€8,737 | +2.1% |
| Amounts receivable within one year | 40/41 | €148,293 | €26,401 | -€121,893 | -82.2% |
| Trade receivables | 40 | €36,300 | €11,651 | -€24,649 | -67.9% |
| Other amounts receivable | 41 | €111,993 | €14,750 | -€97,244 | -86.8% |
| Cash at bank and in hand | 54/58 | €119,642 | €68,109 | -€51,533 | -43.1% |
| Deferred charges and accrued income | 490/1 | €2,355 | €1,842 | -€513 | -21.8% |
| Total equity and liabilities | 10/49 | €842,479 | €627,654 | -€214,825 | -25.5% |
| Equity | 10/15 | €508,337 | €415,526 | -€92,811 | -18.3% |
| Contributions | 10/11 | €8,815 | €8,815 | = | 0.0% |
| Reserves | 13 | €499,521 | €406,711 | -€92,811 | -18.6% |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | €499,521 | €406,711 | -€92,811 | -18.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Deferred taxes | 168 | €0 | - | = | |
| Amounts payable | 17/49 | €334,143 | €212,128 | -€122,015 | -36.5% |
| Amounts payable after more than one year | 17 | €46,555 | €21,567 | -€24,988 | -53.7% |
| Financial debts | 170/4 | €46,555 | €21,567 | -€24,988 | -53.7% |
| Amounts payable within one year | 42/48 | €284,609 | €190,435 | -€94,173 | -33.1% |
| Current portion of amounts payable after more than one year | 42 | €17,977 | €4,754 | -€13,224 | -73.6% |
| Financial debts | 43 | €214,000 | €0 | -€214,000 | -100% |
| Credit institutions | 430/8 | €214,000 | €0 | -€214,000 | -100% |
| Trade debts | 44 | €19,254 | €3,386 | -€15,868 | -82.4% |
| Suppliers | 440/4 | €19,254 | €3,386 | -€15,868 | -82.4% |
| Advances received on contracts in progress | 46 | €63 | €3,328 | +€3,265 | +5,182% |
| Taxes, remuneration and social security | 45 | €31,814 | €17,334 | -€14,481 | -45.5% |
| Taxes | 450/3 | €24,982 | €10,081 | -€14,901 | -59.6% |
| Remuneration and social security | 454/9 | €6,832 | €7,253 | +€421 | +6.2% |
| Other amounts payable | 47/48 | €1,500 | €161,635 | +€160,135 | +10,676% |
| Accrued charges and deferred income | 492/3 | €2,978 | €125 | -€2,853 | -95.8% |
| Non-recurring operating income | 76A | - | €1,903 | +€1,903 | |
| Remuneration, social security and pensions | 62 | €48,515 | €50,404 | +€1,889 | +3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,609 | €20,327 | -€16,283 | -44.5% |
| Other operating charges | 640/8 | €10,670 | €9,851 | -€819 | -7.7% |
| Non-recurring operating charges | 66A | - | €7,639 | +€7,639 | |
| Gross operating margin | 9900 | €132,519 | €78,267 | -€54,252 | -40.9% |
| Operating profit (loss) | 9901 | €36,725 | -€9,954 | -€46,679 | |
| Financial income | 75/76B | €8,739 | €7,974 | -€765 | -8.8% |
| Recurring financial income | 75 | €8,739 | €7,974 | -€765 | -8.8% |
| Financial charges | 65/66B | €16,403 | €12,585 | -€3,818 | -23.3% |
| Recurring financial charges | 65 | €16,403 | €12,585 | -€3,818 | -23.3% |
| Profit (loss) for the period before taxes | 9903 | €29,060 | -€14,565 | -€43,626 | |
| Transfer from deferred taxes | 780 | €232 | €0 | -€232 | -100% |
| Income taxes | 67/77 | €8,894 | -€1,755 | -€10,649 | |
| Profit (loss) for the period | 9904 | €20,398 | -€12,811 | -€33,209 | |
| Transfer from tax-exempt reserves | 789 | €695 | €0 | -€695 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €21,094 | -€12,811 | -€33,904 |
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 24 October 2026 via checked.be.