DAO: what changed
DAO
Largest movements
- Receivables within one year +€20,923
up €20,923 (+46.7%), from €44,793 to €65,716
of which Other amounts receivable: +€19,073
- Tangible fixed assets -€3,475
down €3,475 (-43.7%), from €7,945 to €4,470
of which Furniture and vehicles: -€2,774
- Cash +€1,229
up €1,229 (+74.7%), from €1,645 to €2,874
mainly Net result for the year (+€16,817) and Depreciation (+€3,475)
- Deferred charges and accrued income +€1,047
up €1,047 (+38.3%), from €2,737 to €3,784
- Reserves +€16,817
up €16,817 (+62.1%), from €27,099 to €43,916
of which Distributable reserves: +€16,817
- Tax, wage and social debts +€2,239
up €2,239 (+19.1%), from €11,703 to €13,941
- Accrued charges and deferred income +€1,000
new in 2025: €1,000
- Gross operating margin +€10,728
up €10,728 (+58.9%), from €18,215 to €28,943
- Taxes +€3,444
up €3,444 (+63.1%), from €5,457 to €8,901
- Financial income +€1,292
up €1,292 (+78.5%), from €1,645 to €2,936
- Other operating charges +€1,032
up €1,032 (+109%), from €945 to €1,977
- Financial charges +€479
up €479 (+207%), from €231 to €710
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €60,720 | €80,445 | +€19,726 | +32.5% |
| Fixed assets | 21/28 | €7,945 | €4,470 | -€3,475 | -43.7% |
| Tangible fixed assets | 22/27 | €7,945 | €4,470 | -€3,475 | -43.7% |
| Plant, machinery and equipment | 23 | €2,103 | €1,403 | -€701 | -33.3% |
| Furniture and vehicles | 24 | €5,842 | €3,068 | -€2,774 | -47.5% |
| Current assets | 29/58 | €52,775 | €75,975 | +€23,200 | +44.0% |
| Amounts receivable after more than one year | 29 | €3,600 | €3,600 | = | 0.0% |
| Trade receivables | 290 | €3,600 | €3,600 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €44,793 | €65,716 | +€20,923 | +46.7% |
| Trade receivables | 40 | €10,162 | €12,012 | +€1,850 | +18.2% |
| Other amounts receivable | 41 | €34,631 | €53,704 | +€19,073 | +55.1% |
| Cash at bank and in hand | 54/58 | €1,645 | €2,874 | +€1,229 | +74.7% |
| Deferred charges and accrued income | 490/1 | €2,737 | €3,784 | +€1,047 | +38.3% |
| Total equity and liabilities | 10/49 | €60,720 | €80,445 | +€19,726 | +32.5% |
| Equity | 10/15 | €40,389 | €57,207 | +€16,817 | +41.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €27,099 | €43,916 | +€16,817 | +62.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €25,239 | €42,056 | +€16,817 | +66.6% |
| Profit (loss) carried forward | 14 | €891 | €891 | = | 0.0% |
| Amounts payable | 17/49 | €20,330 | €23,239 | +€2,908 | +14.3% |
| Amounts payable within one year | 42/48 | €20,330 | €22,239 | +€1,908 | +9.4% |
| Trade debts | 44 | €8,628 | €8,297 | -€330 | -3.8% |
| Suppliers | 440/4 | €8,628 | €8,297 | -€330 | -3.8% |
| Taxes, remuneration and social security | 45 | €11,703 | €13,941 | +€2,239 | +19.1% |
| Taxes | 450/3 | €11,703 | €13,941 | +€2,239 | +19.1% |
| Accrued charges and deferred income | 492/3 | - | €1,000 | +€1,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,789 | €3,475 | -€315 | -8.3% |
| Other operating charges | 640/8 | €945 | €1,977 | +€1,032 | +109% |
| Gross operating margin | 9900 | €18,215 | €28,943 | +€10,728 | +58.9% |
| Operating profit (loss) | 9901 | €13,480 | €23,492 | +€10,012 | +74.3% |
| Financial income | 75/76B | €1,645 | €2,936 | +€1,292 | +78.5% |
| Recurring financial income | 75 | €1,645 | €2,936 | +€1,292 | +78.5% |
| Financial charges | 65/66B | €231 | €710 | +€479 | +207% |
| Recurring financial charges | 65 | €231 | €710 | +€479 | +207% |
| Profit (loss) for the period before taxes | 9903 | €14,894 | €25,718 | +€10,824 | +72.7% |
| Income taxes | 67/77 | €5,457 | €8,901 | +€3,444 | +63.1% |
| Profit (loss) for the period | 9904 | €9,437 | €16,817 | +€7,380 | +78.2% |
| Profit (loss) for the period to be appropriated | 9905 | €9,437 | €16,817 | +€7,380 | +78.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.