Dansaert Law: 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.
Dansaert Law
Largest movements
- Tangible fixed assets +€311,923
up €311,923 (+4,560%), from €6,840 to €318,764
of which Land and buildings: +€302,041
- Cash -€61,947
down €61,947 (-81.1%), from €76,425 to €14,478
mainly Investment in fixed assets (net) (-€314,406) and Contributions, distributions and other (-€50,000)
- Receivables after one year -€25,000
down €25,000 (-38.5%), from €65,000 to €40,000
- Receivables within one year +€9,285
up €9,285 (+471%), from €1,971 to €11,256
- Debts after one year +€221,515
new in 2025: €221,515
- Other debts +€28,615
up €28,615 (+4,896%), from €584 to €29,199
- Profit (loss) carried forward -€18,037
down €18,037 (-16.7%), from €108,289 to €90,252
- Tax, wage and social debts -€16,724
down €16,724 (-44.2%), from €37,867 to €21,144
- Current portion of long-term debt +€12,485
new in 2025: €12,485
- Other operating charges +€43,166
up €43,166 (+10,174%), from €424 to €43,591
- Gross operating margin +€11,209
up €11,209 (+14.3%), from €78,373 to €89,583
- Taxes -€7,914
down €7,914 (-47.5%), from €16,658 to €8,744
- Financial charges +€2,481
up €2,481 (+2,556%), from €97 to €2,579
- Depreciation +€1,230
up €1,230 (+83.2%), from €1,478 to €2,708
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 | €150,622 | €386,371 | +€235,748 | +157% |
| Formation expenses | 20 | €386 | €161 | -€225 | -58.2% |
| Fixed assets | 21/28 | €6,840 | €318,764 | +€311,923 | +4,560% |
| Tangible fixed assets | 22/27 | €6,840 | €318,764 | +€311,923 | +4,560% |
| Land and buildings | 22 | €4,331 | €306,372 | +€302,041 | +6,973% |
| Plant, machinery and equipment | 23 | €1,866 | €1,446 | -€420 | -22.5% |
| Furniture and vehicles | 24 | €643 | €10,946 | +€10,303 | +1,603% |
| Current assets | 29/58 | €143,396 | €67,446 | -€75,950 | -53.0% |
| Amounts receivable after more than one year | 29 | €65,000 | €40,000 | -€25,000 | -38.5% |
| Other amounts receivable | 291 | €65,000 | €40,000 | -€25,000 | -38.5% |
| Amounts receivable within one year | 40/41 | €1,971 | €11,256 | +€9,285 | +471% |
| Other amounts receivable | 41 | €1,971 | €11,256 | +€9,285 | +471% |
| Cash at bank and in hand | 54/58 | €76,425 | €14,478 | -€61,947 | -81.1% |
| Deferred charges and accrued income | 490/1 | - | €1,712 | +€1,712 | |
| Total equity and liabilities | 10/49 | €150,622 | €386,371 | +€235,748 | +157% |
| Equity | 10/15 | €110,289 | €92,252 | -€18,037 | -16.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €108,289 | €90,252 | -€18,037 | -16.7% |
| Amounts payable | 17/49 | €40,333 | €294,119 | +€253,786 | +629% |
| Amounts payable after more than one year | 17 | - | €221,515 | +€221,515 | |
| Financial debts | 170/4 | - | €221,515 | +€221,515 | |
| Amounts payable within one year | 42/48 | €40,333 | €69,566 | +€29,233 | +72.5% |
| Current portion of amounts payable after more than one year | 42 | - | €12,485 | +€12,485 | |
| Financial debts | 43 | - | €6,459 | +€6,459 | |
| Credit institutions | 430/8 | - | €6,459 | +€6,459 | |
| Trade debts | 44 | €1,881 | €279 | -€1,602 | -85.2% |
| Suppliers | 440/4 | €1,881 | €279 | -€1,602 | -85.2% |
| Taxes, remuneration and social security | 45 | €37,867 | €21,144 | -€16,724 | -44.2% |
| Taxes | 450/3 | €37,867 | €21,144 | -€16,724 | -44.2% |
| Other amounts payable | 47/48 | €584 | €29,199 | +€28,615 | +4,896% |
| Accrued charges and deferred income | 492/3 | - | €3,038 | +€3,038 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,478 | €2,708 | +€1,230 | +83.2% |
| Other operating charges | 640/8 | €424 | €43,591 | +€43,166 | +10,174% |
| Gross operating margin | 9900 | €78,373 | €89,583 | +€11,209 | +14.3% |
| Operating profit (loss) | 9901 | €76,471 | €43,284 | -€33,187 | -43.4% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €97 | €2,579 | +€2,481 | +2,556% |
| Recurring financial charges | 65 | €97 | €2,579 | +€2,481 | +2,556% |
| Profit (loss) for the period before taxes | 9903 | €76,374 | €40,707 | -€35,667 | -46.7% |
| Income taxes | 67/77 | €16,658 | €8,744 | -€7,914 | -47.5% |
| Profit (loss) for the period | 9904 | €59,716 | €31,963 | -€27,753 | -46.5% |
| Profit (loss) for the period to be appropriated | 9905 | €59,716 | €31,963 | -€27,753 | -46.5% |
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.