DANVER: 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.
What changed
DANVER
NACE 70.100, Activities of head offices
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€10.3m
2024 · €413,609+€9.9m
Equity
€62.8m
2024 · €53.0m+€9.9m
Cash
-
not filed
Balance sheet total
€64.5m
2024 · €53.6m+€10.9m
Largest movements
Assets
- Current investments +€12.6m
new in 2025: €12.6m
- Financial fixed assets -€1.7m
down €1.7m (-3.2%), from €53.1m to €51.4m
Equity and liabilities
- Profit (loss) carried forward +€9.8m
up €9.8m (+45.2%), from €21.6m to €31.4m
- Provisions +€719,026
new in 2025: €719,026
Income statement
- Financial income +€11.0m
up €11.0m (+2,367%), from €466,027 to €11.5m
of which Non-recurring financial income: +€7.3m
- Provisions +€719,026
new in 2025: €719,026
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.
Result 2024
€413,609
Provisions
-€719,026
Other operating charges
+€5,098
Other operating items
-€352,578
Financial income
+€11.0m
Financial charges
-€34
Taxes
-€35,683
Result 2025
€10.3m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €53,571,352 | €64,462,931 | +€10.9m | +20.3% |
| Fixed assets | 21/28 | €53,101,093 | €51,380,578 | -€1.7m | -3.2% |
| Financial fixed assets | 28 | €53,101,093 | €51,380,578 | -€1.7m | -3.2% |
| Affiliated companies | 280/1 | €53,101,093 | €51,380,578 | -€1.7m | -3.2% |
| Participating interests | 280 | €44,101,093 | €41,980,578 | -€2.1m | -4.8% |
| Amounts receivable | 281 | €9,000,000 | €9,400,000 | +€400,000 | +4.4% |
| Current assets | 29/58 | €470,260 | €13,082,354 | +€12.6m | +2,682% |
| Amounts receivable within one year | 40/41 | €4,232 | €87,444 | +€83,212 | +1,966% |
| Other amounts receivable | 41 | €4,232 | €87,444 | +€83,212 | +1,966% |
| Current investments | 50/53 | - | €12,580,330 | +€12.6m | |
| Other investments | 51/53 | - | €12,580,330 | +€12.6m | |
| Deferred charges and accrued income | 490/1 | €466,027 | €414,579 | -€51,448 | -11.0% |
| Total equity and liabilities | 10/49 | €53,571,352 | €64,462,931 | +€10.9m | +20.3% |
| Equity | 10/15 | €52,982,516 | €62,847,482 | +€9.9m | +18.6% |
| Contributions | 10/11 | €26,315,000 | €26,315,000 | = | 0.0% |
| Capital | 10 | €26,315,000 | €26,315,000 | = | 0.0% |
| Issued capital | 100 | €26,315,000 | €26,315,000 | = | 0.0% |
| Reserves | 13 | €5,044,008 | €5,133,753 | +€89,745 | +1.8% |
| Non-distributable reserves | 130/1 | €987,857 | €1,504,974 | +€517,117 | +52.3% |
| Legal reserve | 130 | €987,857 | €1,504,974 | +€517,117 | +52.3% |
| Distributable reserves | 133 | €4,056,152 | €3,628,780 | -€427,372 | -10.5% |
| Profit (loss) carried forward | 14 | €21,623,507 | €31,398,729 | +€9.8m | +45.2% |
| Provisions and deferred taxes | 16 | - | €719,026 | +€719,026 | |
| Provisions for liabilities and charges | 160/5 | - | €719,026 | +€719,026 | |
| Other liabilities and charges | 164/5 | - | €719,026 | +€719,026 | |
| Amounts payable | 17/49 | €588,837 | €896,423 | +€307,586 | +52.2% |
| Amounts payable within one year | 42/48 | €588,837 | €896,423 | +€307,586 | +52.2% |
| Financial debts | 43 | €517,915 | €386,945 | -€130,971 | -25.3% |
| Credit institutions | 430/8 | €517,915 | €386,945 | -€130,971 | -25.3% |
| Trade debts | 44 | €20,921 | €438,110 | +€417,188 | +1,994% |
| Suppliers | 440/4 | €20,921 | €438,110 | +€417,188 | +1,994% |
| Taxes, remuneration and social security | 45 | - | €21,369 | +€21,369 | |
| Taxes | 450/3 | - | €21,369 | +€21,369 | |
| Other amounts payable | 47/48 | €50,000 | €50,000 | = | 0.0% |
| Operating charges | 60/66A | €51,883 | €1,118,389 | +€1.1m | +2,056% |
| Services and other goods | 61 | €38,025 | €390,603 | +€352,578 | +927% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €719,026 | +€719,026 | |
| Other operating charges | 640/8 | €13,858 | €8,760 | -€5,098 | -36.8% |
| Operating profit (loss) | 9901 | -€51,883 | -€1,118,389 | -€1.1m | -2,056% |
| Financial income | 75/76B | €466,027 | €11,496,979 | +€11.0m | +2,367% |
| Recurring financial income | 75 | €466,027 | €4,167,494 | +€3.7m | +794% |
| Income from financial fixed assets | 750 | - | €3,700,000 | +€3.7m | |
| Income from current assets | 751 | €466,027 | €467,494 | +€1,467 | +0.3% |
| Other financial income | 752/9 | - | €0 | +€0 | |
| Non-recurring financial income | 76B | - | €7,329,485 | +€7.3m | |
| Financial charges | 65/66B | €535 | €569 | +€34 | +6.3% |
| Recurring financial charges | 65 | €535 | €569 | +€34 | +6.3% |
| Other financial charges | 652/9 | €535 | €569 | +€34 | +6.3% |
| Profit (loss) for the period before taxes | 9903 | €413,609 | €10,378,021 | +€10.0m | +2,409% |
| Income taxes | 67/77 | - | €35,683 | +€35,683 | |
| Taxes | 670/3 | - | €35,683 | +€35,683 | |
| Profit (loss) for the period | 9904 | €413,609 | €10,342,339 | +€9.9m | +2,401% |
| Profit (loss) for the period to be appropriated | 9905 | €413,609 | €10,342,339 | +€9.9m | +2,401% |
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.