DAO Engineering: 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.
DAO Engineering
Largest movements
- Cash -€73,668
down €73,668 (-34.2%), from €215,211 to €141,544
mainly Other debts (-€97,194) and Receivables within one year (-€29,109)
- Receivables within one year +€29,109
up €29,109 (+266%), from €10,943 to €40,052
of which Trade receivables: +€15,011
- Other debts -€97,194
down €97,194 (-82.3%), from €118,048 to €20,854
- Reserves +€67,792
up €67,792 (+84.8%), from €79,904 to €147,696
- Tax, wage and social debts -€17,089
down €17,089 (-63.8%), from €26,793 to €9,704
- Gross operating margin -€73,477
down €73,477 (-41.8%), from €175,897 to €102,420
- Taxes -€18,697
down €18,697 (-47.2%), from €39,599 to €20,902
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 | €228,955 | €182,085 | -€46,870 | -20.5% |
| Fixed assets | 21/28 | €2,150 | €489 | -€1,661 | -77.3% |
| Tangible fixed assets | 22/27 | €2,150 | €489 | -€1,661 | -77.3% |
| Land and buildings | 22 | €331 | €0 | -€331 | -100% |
| Plant, machinery and equipment | 23 | €1,425 | €327 | -€1,099 | -77.1% |
| Furniture and vehicles | 24 | €394 | €162 | -€232 | -58.9% |
| Current assets | 29/58 | €226,804 | €181,596 | -€45,208 | -19.9% |
| Amounts receivable within one year | 40/41 | €10,943 | €40,052 | +€29,109 | +266% |
| Trade receivables | 40 | €10,943 | €25,955 | +€15,011 | +137% |
| Other amounts receivable | 41 | - | €14,098 | +€14,098 | |
| Cash at bank and in hand | 54/58 | €215,211 | €141,544 | -€73,668 | -34.2% |
| Deferred charges and accrued income | 490/1 | €650 | €0 | -€650 | -100% |
| Total equity and liabilities | 10/49 | €228,955 | €182,085 | -€46,870 | -20.5% |
| Equity | 10/15 | €82,904 | €150,696 | +€67,792 | +81.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €79,904 | €147,696 | +€67,792 | +84.8% |
| Distributable reserves | 133 | €79,904 | €147,696 | +€67,792 | +84.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €146,050 | €31,389 | -€114,662 | -78.5% |
| Amounts payable within one year | 42/48 | €146,050 | €31,389 | -€114,662 | -78.5% |
| Trade debts | 44 | €1,209 | €831 | -€378 | -31.3% |
| Suppliers | 440/4 | €1,209 | €831 | -€378 | -31.3% |
| Taxes, remuneration and social security | 45 | €26,793 | €9,704 | -€17,089 | -63.8% |
| Taxes | 450/3 | €26,793 | €9,704 | -€17,089 | -63.8% |
| Other amounts payable | 47/48 | €118,048 | €20,854 | -€97,194 | -82.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,318 | €1,661 | -€656 | -28.3% |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Non-recurring operating charges | 66A | €845 | €0 | -€845 | -100% |
| Gross operating margin | 9900 | €175,897 | €102,420 | -€73,477 | -41.8% |
| Operating profit (loss) | 9901 | €172,616 | €100,638 | -€71,978 | -41.7% |
| Financial charges | 65/66B | €164 | €180 | +€15 | +9.4% |
| Recurring financial charges | 65 | €164 | €180 | +€15 | +9.4% |
| Profit (loss) for the period before taxes | 9903 | €172,452 | €100,458 | -€71,993 | -41.7% |
| Income taxes | 67/77 | €39,599 | €20,902 | -€18,697 | -47.2% |
| Profit (loss) for the period | 9904 | €132,853 | €79,556 | -€53,297 | -40.1% |
| Profit (loss) for the period to be appropriated | 9905 | €132,853 | €79,556 | -€53,297 | -40.1% |
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 18 October 2026 via checked.be.