Danube: 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.
Danube
Largest movements
- Cash +€83,400
up €83,400 (+106%), from €78,392 to €161,793
mainly Net result for the year (+€80,337) and Tax, wage and social debts (+€11,178)
- Receivables within one year +€2,853
up €2,853 (+53.6%), from €5,321 to €8,174
of which Trade receivables: +€1,972
- Reserves +€80,337
up €80,337 (+88.9%), from €90,369 to €170,706
- Tax, wage and social debts +€11,178
up €11,178 (+280%), from €3,990 to €15,168
- Other debts -€5,855
down €5,855 (-100%), from €5,855 to €0
- Gross operating margin +€48,777
up €48,777 (+79.0%), from €61,726 to €110,503
- Taxes +€12,510
up €12,510 (+86.2%), from €14,519 to €27,030
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 | €106,098 | €191,407 | +€85,308 | +80.4% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €22,385 | €21,440 | -€945 | -4.2% |
| Tangible fixed assets | 22/27 | €22,385 | €21,440 | -€945 | -4.2% |
| Plant, machinery and equipment | 23 | €14,689 | €15,753 | +€1,064 | +7.2% |
| Furniture and vehicles | 24 | €7,696 | €5,687 | -€2,009 | -26.1% |
| Current assets | 29/58 | €83,713 | €169,966 | +€86,253 | +103% |
| Amounts receivable within one year | 40/41 | €5,321 | €8,174 | +€2,853 | +53.6% |
| Trade receivables | 40 | €4,840 | €6,812 | +€1,972 | +40.7% |
| Other amounts receivable | 41 | €481 | €1,362 | +€881 | +183% |
| Cash at bank and in hand | 54/58 | €78,392 | €161,793 | +€83,400 | +106% |
| Total equity and liabilities | 10/49 | €106,098 | €191,407 | +€85,308 | +80.4% |
| Equity | 10/15 | €95,369 | €175,706 | +€80,337 | +84.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €90,369 | €170,706 | +€80,337 | +88.9% |
| Distributable reserves | 133 | €90,369 | €170,706 | +€80,337 | +88.9% |
| Amounts payable | 17/49 | €10,729 | €15,700 | +€4,971 | +46.3% |
| Amounts payable within one year | 42/48 | €10,729 | €15,700 | +€4,971 | +46.3% |
| Trade debts | 44 | €884 | €532 | -€352 | -39.8% |
| Suppliers | 440/4 | €884 | €532 | -€352 | -39.8% |
| Taxes, remuneration and social security | 45 | €3,990 | €15,168 | +€11,178 | +280% |
| Taxes | 450/3 | €3,990 | €15,168 | +€11,178 | +280% |
| Other amounts payable | 47/48 | €5,855 | €0 | -€5,855 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,728 | €2,945 | +€217 | +8.0% |
| Other operating charges | 640/8 | €898 | €151 | -€747 | -83.2% |
| Gross operating margin | 9900 | €61,726 | €110,503 | +€48,777 | +79.0% |
| Operating profit (loss) | 9901 | €58,100 | €107,407 | +€49,307 | +84.9% |
| Financial charges | 65/66B | €98 | €40 | -€58 | -58.9% |
| Recurring financial charges | 65 | €98 | €40 | -€58 | -58.9% |
| Profit (loss) for the period before taxes | 9903 | €58,002 | €107,367 | +€49,364 | +85.1% |
| Income taxes | 67/77 | €14,519 | €27,030 | +€12,510 | +86.2% |
| Profit (loss) for the period | 9904 | €43,483 | €80,337 | +€36,854 | +84.8% |
| Profit (loss) for the period to be appropriated | 9905 | €43,483 | €80,337 | +€36,854 | +84.8% |
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 13 October 2026 via checked.be.