DANOR: what changed
Two fiscal 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.
DANOR
Largest movements
- Cash +€31,803
up €31,803 (+149.1%), from €21,333 to €53,136
mainly Other debts (+€54,400) and Net result for the year (+€25,471)
- Tangible fixed assets -€16,933
down €16,933 (-2.8%), from €607,057 to €590,124
- Other debts +€54,400
new in 2025: €54,400
- Reserves -€29,859
down €29,859 (-18.3%), from €162,794 to €132,935
of which Distributable reserves: -€25,400
- Current portion of long-term debt -€9,610
down €9,610 (-3.5%), from €278,206 to €268,596
- Gross operating margin +€4,484
up €4,484 (+7.6%), from €58,759 to €63,243
- Taxes +€1,209
up €1,209 (+9.6%), from €12,635 to €13,844
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.
Cash bridge derived
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 | €631,815 | €645,131 | +€13,316 | +2.1% |
| Fixed assets | 21/28 | €607,057 | €590,124 | -€16,933 | -2.8% |
| Tangible fixed assets | 22/27 | €607,057 | €590,124 | -€16,933 | -2.8% |
| Land and buildings | 22 | €607,057 | €590,124 | -€16,933 | -2.8% |
| Current assets | 29/58 | €24,758 | €55,007 | +€30,249 | +122.2% |
| Amounts receivable within one year | 40/41 | €2,786 | €1,157 | -€1,629 | -58.5% |
| Trade receivables | 40 | €421 | - | -€421 | |
| Other amounts receivable | 41 | €2,365 | €1,157 | -€1,208 | -51.1% |
| Cash at bank and in hand | 54/58 | €21,333 | €53,136 | +€31,803 | +149.1% |
| Deferred charges and accrued income | 490/1 | €639 | €714 | +€75 | +11.7% |
| Total equity and liabilities | 10/49 | €631,815 | €645,131 | +€13,316 | +2.1% |
| Equity | 10/15 | €321,389 | €292,460 | -€28,929 | -9.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €162,794 | €132,935 | -€29,859 | -18.3% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €49,194 | €44,735 | -€4,459 | -9.1% |
| Distributable reserves | 133 | €107,400 | €82,000 | -€25,400 | -23.6% |
| Profit (loss) carried forward | 14 | €96,595 | €97,525 | +€930 | +1.0% |
| Provisions and deferred taxes | 16 | €25,331 | €23,035 | -€2,296 | -9.1% |
| Deferred taxes | 168 | €25,331 | €23,035 | -€2,296 | -9.1% |
| Amounts payable | 17/49 | €285,096 | €329,636 | +€44,540 | +15.6% |
| Amounts payable after more than one year | 17 | €3,950 | €4,140 | +€190 | +4.8% |
| Other amounts payable | 178/9 | €3,950 | €4,140 | +€190 | +4.8% |
| Amounts payable within one year | 42/48 | €279,206 | €323,996 | +€44,790 | +16.0% |
| Current portion of amounts payable after more than one year | 42 | €278,206 | €268,596 | -€9,610 | -3.5% |
| Trade debts | 44 | €1,000 | €1,000 | = | 0.0% |
| Suppliers | 440/4 | €1,000 | €1,000 | = | 0.0% |
| Other amounts payable | 47/48 | - | €54,400 | +€54,400 | |
| Accrued charges and deferred income | 492/3 | €1,940 | €1,500 | -€440 | -22.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,774 | €16,934 | +€160 | +1.0% |
| Other operating charges | 640/8 | €8,953 | €9,217 | +€264 | +2.9% |
| Gross operating margin | 9900 | €58,759 | €63,243 | +€4,484 | +7.6% |
| Operating profit (loss) | 9901 | €33,032 | €37,092 | +€4,060 | +12.3% |
| Financial charges | 65/66B | €47 | €73 | +€27 | +57.0% |
| Recurring financial charges | 65 | €47 | €73 | +€27 | +57.0% |
| Profit (loss) for the period before taxes | 9903 | €32,985 | €37,019 | +€4,034 | +12.2% |
| Transfer from deferred taxes | 780 | €2,296 | €2,296 | +€0 | 0.0% |
| Income taxes | 67/77 | €12,635 | €13,844 | +€1,209 | +9.6% |
| Profit (loss) for the period | 9904 | €22,646 | €25,471 | +€2,825 | +12.5% |
| Transfer from tax-exempt reserves | 789 | €4,458 | €4,459 | +€1 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €27,105 | €29,930 | +€2,825 | +10.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.