Dao Liège: what changed
Dao Liège
Largest movements
- Receivables within one year -€57,407
down €57,407 (-45.5%), from €126,089 to €68,682
of which Trade receivables: -€98,716
- Tangible fixed assets -€15,333
down €15,333 (-4.7%), from €329,725 to €314,392
of which Other tangible fixed assets: -€50,589
- Cash -€6,748
down €6,748 (-11.7%), from €57,612 to €50,864
mainly Net result for the year (-€68,305) and Investment in fixed assets (net) (-€57,853)
- Profit (loss) carried forward -€68,305
down €68,305 (-54.8%), from €124,627 to €56,322
- Debts after one year -€32,631
down €32,631 (-20.9%), from €156,207 to €123,576
- Tax, wage and social debts +€30,446
up €30,446 (+163%), from €18,671 to €49,117
of which Remuneration and social security: +€17,416
- Trade debts -€20,692
down €20,692 (-38.0%), from €54,426 to €33,734
- Other debts +€17,795
up €17,795 (+56.5%), from €31,490 to €49,285
- Gross operating margin -€72,539
down €72,539 (-21.9%), from €330,830 to €258,291
- Other operating charges +€21,931
up €21,931 (+779%), from €2,814 to €24,745
- Staff costs -€8,372
down €8,372 (-3.7%), from €225,088 to €216,715
- Taxes -€7,011
down €7,011 (-98.2%), from €7,143 to €132
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 | €525,543 | €444,837 | -€80,706 | -15.4% |
| Fixed assets | 21/28 | €339,825 | €324,492 | -€15,333 | -4.5% |
| Tangible fixed assets | 22/27 | €329,725 | €314,392 | -€15,333 | -4.7% |
| Plant, machinery and equipment | 23 | €14,083 | €61,119 | +€47,037 | +334% |
| Furniture and vehicles | 24 | €15,422 | €3,642 | -€11,780 | -76.4% |
| Other tangible fixed assets | 26 | €300,220 | €249,631 | -€50,589 | -16.9% |
| Financial fixed assets | 28 | €10,100 | €10,100 | = | 0.0% |
| Current assets | 29/58 | €185,718 | €120,344 | -€65,373 | -35.2% |
| Amounts receivable within one year | 40/41 | €126,089 | €68,682 | -€57,407 | -45.5% |
| Trade receivables | 40 | €98,716 | - | -€98,716 | |
| Other amounts receivable | 41 | €27,373 | €68,682 | +€41,309 | +151% |
| Cash at bank and in hand | 54/58 | €57,612 | €50,864 | -€6,748 | -11.7% |
| Deferred charges and accrued income | 490/1 | €2,017 | €798 | -€1,218 | -60.4% |
| Total equity and liabilities | 10/49 | €525,543 | €444,837 | -€80,706 | -15.4% |
| Equity | 10/15 | €224,627 | €156,322 | -€68,305 | -30.4% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €124,627 | €56,322 | -€68,305 | -54.8% |
| Amounts payable | 17/49 | €300,916 | €288,515 | -€12,401 | -4.1% |
| Amounts payable after more than one year | 17 | €156,207 | €123,576 | -€32,631 | -20.9% |
| Financial debts | 170/4 | €156,207 | €123,576 | -€32,631 | -20.9% |
| Amounts payable within one year | 42/48 | €144,709 | €164,767 | +€20,058 | +13.9% |
| Current portion of amounts payable after more than one year | 42 | €40,122 | €32,631 | -€7,491 | -18.7% |
| Trade debts | 44 | €54,426 | €33,734 | -€20,692 | -38.0% |
| Suppliers | 440/4 | €54,426 | €33,734 | -€20,692 | -38.0% |
| Taxes, remuneration and social security | 45 | €18,671 | €49,117 | +€30,446 | +163% |
| Taxes | 450/3 | €9,063 | €22,093 | +€13,030 | +144% |
| Remuneration and social security | 454/9 | €9,608 | €27,024 | +€17,416 | +181% |
| Other amounts payable | 47/48 | €31,490 | €49,285 | +€17,795 | +56.5% |
| Accrued charges and deferred income | 492/3 | - | €172 | +€172 | |
| Non-recurring operating income | 76A | €750 | €750 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €225,088 | €216,715 | -€8,372 | -3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,405 | €73,186 | -€1,219 | -1.6% |
| Other operating charges | 640/8 | €2,814 | €24,745 | +€21,931 | +779% |
| Non-recurring operating charges | 66A | - | €53 | +€53 | |
| Gross operating margin | 9900 | €330,830 | €258,291 | -€72,539 | -21.9% |
| Operating profit (loss) | 9901 | €28,523 | -€56,409 | -€84,932 | |
| Financial income | 75/76B | €152 | €166 | +€14 | +9.4% |
| Recurring financial income | 75 | €152 | €166 | +€14 | +9.4% |
| Financial charges | 65/66B | €8,956 | €11,930 | +€2,974 | +33.2% |
| Recurring financial charges | 65 | €8,956 | €11,930 | +€2,974 | +33.2% |
| Profit (loss) for the period before taxes | 9903 | €19,719 | -€68,173 | -€87,892 | |
| Income taxes | 67/77 | €7,143 | €132 | -€7,011 | -98.2% |
| Profit (loss) for the period | 9904 | €12,577 | -€68,305 | -€80,881 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,577 | -€68,305 | -€80,881 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.