DAOUDI NABIL: 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.
DAOUDI NABIL
Largest movements
- Cash -€250,949
down €250,949 (-68.7%), from €365,273 to €114,323
mainly Contributions, distributions and other (-€230,231) and Other debts (-€180,520)
- Deferred charges and accrued income +€83,387
up €83,387 (+286.4%), from €29,118 to €112,505
- Receivables within one year +€26,634
new in 2025: €26,634
- Tangible fixed assets -€22,686
down €22,686 (-4.4%), from €514,163 to €491,477
of which Land and buildings: -€14,887
- Other debts -€180,520
down €180,520 (-56.3%), from €320,437 to €139,917
- Profit (loss) carried forward -€59,601
no longer reported in 2025 (was €59,601)
- Tax, wage and social debts +€55,721
up €55,721 (+931.1%), from €5,985 to €61,705
- Reserves +€40,000
up €40,000 (+25.0%), from €160,000 to €200,000
- Debts after one year -€25,782
down €25,782 (-10.8%), from €239,433 to €213,650
- Gross operating margin +€148,566
up €148,566 (+79.6%), from €186,557 to €335,123
- Taxes +€40,548
up €40,548 (+112.0%), from €36,210 to €76,758
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 | €908,553 | €744,939 | -€163,614 | -18.0% |
| Fixed assets | 21/28 | €514,163 | €491,477 | -€22,686 | -4.4% |
| Tangible fixed assets | 22/27 | €514,163 | €491,477 | -€22,686 | -4.4% |
| Land and buildings | 22 | €454,042 | €439,154 | -€14,887 | -3.3% |
| Plant, machinery and equipment | 23 | €44,204 | €30,030 | -€14,174 | -32.1% |
| Furniture and vehicles | 24 | €15,917 | €14,434 | -€1,483 | -9.3% |
| Assets under construction and advance payments | 27 | - | €7,858 | +€7,858 | |
| Current assets | 29/58 | €394,390 | €253,463 | -€140,928 | -35.7% |
| Amounts receivable within one year | 40/41 | - | €26,634 | +€26,634 | |
| Other amounts receivable | 41 | - | €26,634 | +€26,634 | |
| Cash at bank and in hand | 54/58 | €365,273 | €114,323 | -€250,949 | -68.7% |
| Deferred charges and accrued income | 490/1 | €29,118 | €112,505 | +€83,387 | +286.4% |
| Total equity and liabilities | 10/49 | €908,553 | €744,939 | -€163,614 | -18.0% |
| Equity | 10/15 | €312,351 | €292,750 | -€19,601 | -6.3% |
| Contributions | 10/11 | €92,750 | €92,750 | = | 0.0% |
| Reserves | 13 | €160,000 | €200,000 | +€40,000 | +25.0% |
| Distributable reserves | 133 | €160,000 | €200,000 | +€40,000 | +25.0% |
| Profit (loss) carried forward | 14 | €59,601 | - | -€59,601 | |
| Amounts payable | 17/49 | €596,202 | €452,189 | -€144,013 | -24.2% |
| Amounts payable after more than one year | 17 | €239,433 | €213,650 | -€25,782 | -10.8% |
| Financial debts | 170/4 | €239,433 | €213,650 | -€25,782 | -10.8% |
| Amounts payable within one year | 42/48 | €356,769 | €238,539 | -€118,231 | -33.1% |
| Current portion of amounts payable after more than one year | 42 | €25,328 | €25,782 | +€454 | +1.8% |
| Trade debts | 44 | €5,020 | €11,134 | +€6,114 | +121.8% |
| Suppliers | 440/4 | €5,020 | €11,134 | +€6,114 | +121.8% |
| Taxes, remuneration and social security | 45 | €5,985 | €61,705 | +€55,721 | +931.1% |
| Taxes | 450/3 | €5,985 | €61,705 | +€55,721 | +931.1% |
| Other amounts payable | 47/48 | €320,437 | €139,917 | -€180,520 | -56.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,491 | €37,764 | +€272 | +0.7% |
| Other operating charges | 640/8 | €3,989 | €4,176 | +€188 | +4.7% |
| Gross operating margin | 9900 | €186,557 | €335,123 | +€148,566 | +79.6% |
| Operating profit (loss) | 9901 | €145,078 | €293,183 | +€148,106 | +102.1% |
| Financial income | 75/76B | €752 | €2,554 | +€1,802 | +239.6% |
| Recurring financial income | 75 | €752 | €2,554 | +€1,802 | +239.6% |
| Financial charges | 65/66B | €10,019 | €8,349 | -€1,669 | -16.7% |
| Recurring financial charges | 65 | €10,019 | €8,349 | -€1,669 | -16.7% |
| Profit (loss) for the period before taxes | 9903 | €135,811 | €287,388 | +€151,577 | +111.6% |
| Income taxes | 67/77 | €36,210 | €76,758 | +€40,548 | +112.0% |
| Profit (loss) for the period | 9904 | €99,601 | €210,630 | +€111,030 | +111.5% |
| Profit (loss) for the period to be appropriated | 9905 | €99,601 | €210,630 | +€111,030 | +111.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.