DANZEL: 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.
DANZEL
Largest movements
- Cash +€25,165
up €25,165 (+1794.6%), from €1,402 to €26,568
mainly Net result for the year (+€18,626) and Tax, wage and social debts (+€6,377)
- Receivables within one year +€891
up €891 (+12.7%), from €7,014 to €7,906
of which Other amounts receivable: +€3,391
- Tangible fixed assets -€395
down €395 (-53.4%), from €740 to €344
- Profit (loss) carried forward +€18,626
up €18,626 (+34.1%), from -€54,546 to -€35,920
- Tax, wage and social debts +€6,377
up €6,377 (+143.5%), from €4,444 to €10,821
of which Taxes: +€5,350
- Trade debts +€885
up €885 (+64.6%), from €1,371 to €2,256
- Gross operating margin +€19,417
up €19,417 (+269.4%), from €7,208 to €26,625
- Taxes +€6,269
up €6,269 (+834.0%), from €752 to €7,021
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 | €11,342 | €37,231 | +€25,889 | +228.3% |
| Fixed assets | 21/28 | €740 | €344 | -€395 | -53.4% |
| Tangible fixed assets | 22/27 | €740 | €344 | -€395 | -53.4% |
| Plant, machinery and equipment | 23 | €740 | €344 | -€395 | -53.4% |
| Current assets | 29/58 | €10,603 | €36,886 | +€26,284 | +247.9% |
| Amounts receivable within one year | 40/41 | €7,014 | €7,906 | +€891 | +12.7% |
| Trade receivables | 40 | €2,500 | €0 | -€2,500 | -100.0% |
| Other amounts receivable | 41 | €4,514 | €7,906 | +€3,391 | +75.1% |
| Cash at bank and in hand | 54/58 | €1,402 | €26,568 | +€25,165 | +1794.6% |
| Deferred charges and accrued income | 490/1 | €2,186 | €2,413 | +€227 | +10.4% |
| Total equity and liabilities | 10/49 | €11,342 | €37,231 | +€25,889 | +228.3% |
| Equity | 10/15 | €5,527 | €24,154 | +€18,626 | +337.0% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €53,073 | €53,073 | = | 0.0% |
| Tax-exempt reserves | 132 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €43,073 | €43,073 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€54,546 | -€35,920 | +€18,626 | +34.1% |
| Amounts payable | 17/49 | €5,815 | €13,077 | +€7,263 | +124.9% |
| Amounts payable within one year | 42/48 | €5,815 | €13,077 | +€7,263 | +124.9% |
| Trade debts | 44 | €1,371 | €2,256 | +€885 | +64.6% |
| Suppliers | 440/4 | €1,371 | €2,256 | +€885 | +64.6% |
| Taxes, remuneration and social security | 45 | €4,444 | €10,821 | +€6,377 | +143.5% |
| Taxes | 450/3 | €2,578 | €7,928 | +€5,350 | +207.5% |
| Remuneration and social security | 454/9 | €1,866 | €2,892 | +€1,027 | +55.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €395 | €395 | = | 0.0% |
| Other operating charges | 640/8 | €592 | €610 | +€18 | +3.0% |
| Gross operating margin | 9900 | €7,208 | €26,625 | +€19,417 | +269.4% |
| Operating profit (loss) | 9901 | €6,222 | €25,621 | +€19,399 | +311.8% |
| Financial income | 75/76B | €182 | €176 | -€7 | -3.8% |
| Recurring financial income | 75 | €182 | €176 | -€7 | -3.8% |
| Financial charges | 65/66B | €323 | €149 | -€174 | -53.8% |
| Recurring financial charges | 65 | €323 | €149 | -€174 | -53.8% |
| Profit (loss) for the period before taxes | 9903 | €6,081 | €25,647 | +€19,566 | +321.7% |
| Income taxes | 67/77 | €752 | €7,021 | +€6,269 | +834.0% |
| Profit (loss) for the period | 9904 | €5,329 | €18,626 | +€13,297 | +249.5% |
| Profit (loss) for the period to be appropriated | 9905 | €5,329 | €18,626 | +€13,297 | +249.5% |
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 3 October 2026 via checked.be.