DAPHNIAS: 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.
DAPHNIAS
Largest movements
- Cash +€19,039
up €19,039 (+67.4%), from €28,265 to €47,304
mainly Net result for the year (+€16,234) and Current investments (+€6,000)
- Current investments -€6,000
down €6,000 (-4.8%), from €126,000 to €120,000
- Intangible fixed assets -€2,450
down €2,450 (-25.0%), from €9,800 to €7,350
- Tangible fixed assets -€2,227
no longer reported in 2025 (was €2,227)
- Reserves +€16,000
up €16,000 (+18.2%), from €87,860 to €103,860
- Other debts -€3,595
down €3,595 (-13.4%), from €26,835 to €23,240
- Tax, wage and social debts -€2,686
down €2,686 (-28.8%), from €9,325 to €6,638
of which Taxes: -€2,686
- Gross operating margin -€10,143
down €10,143 (-27.0%), from €37,591 to €27,448
- Taxes -€3,438
down €3,438 (-35.2%), from €9,777 to €6,339
- Depreciation -€557
down €557 (-10.6%), from €5,233 to €4,677
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 | €185,838 | €195,406 | +€9,567 | +5.1% |
| Fixed assets | 21/28 | €12,066 | €7,389 | -€4,677 | -38.8% |
| Intangible fixed assets | 21 | €9,800 | €7,350 | -€2,450 | -25.0% |
| Tangible fixed assets | 22/27 | €2,227 | - | -€2,227 | |
| Furniture and vehicles | 24 | €2,227 | - | -€2,227 | |
| Financial fixed assets | 28 | €39 | €39 | = | 0.0% |
| Current assets | 29/58 | €173,773 | €188,017 | +€14,244 | +8.2% |
| Amounts receivable within one year | 40/41 | €17,716 | €18,809 | +€1,093 | +6.2% |
| Trade receivables | 40 | €17,372 | €16,285 | -€1,087 | -6.3% |
| Other amounts receivable | 41 | €344 | €2,524 | +€2,180 | +633% |
| Current investments | 50/53 | €126,000 | €120,000 | -€6,000 | -4.8% |
| Cash at bank and in hand | 54/58 | €28,265 | €47,304 | +€19,039 | +67.4% |
| Deferred charges and accrued income | 490/1 | €1,791 | €1,904 | +€112 | +6.3% |
| Total equity and liabilities | 10/49 | €185,838 | €195,406 | +€9,567 | +5.1% |
| Equity | 10/15 | €148,922 | €165,157 | +€16,234 | +10.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €87,860 | €103,860 | +€16,000 | +18.2% |
| Distributable reserves | 133 | €87,860 | €103,860 | +€16,000 | +18.2% |
| Profit (loss) carried forward | 14 | €42,462 | €42,697 | +€234 | +0.6% |
| Amounts payable | 17/49 | €36,916 | €30,249 | -€6,667 | -18.1% |
| Amounts payable within one year | 42/48 | €36,916 | €30,249 | -€6,667 | -18.1% |
| Trade debts | 44 | €756 | €370 | -€386 | -51.0% |
| Suppliers | 440/4 | €756 | €370 | -€386 | -51.0% |
| Taxes, remuneration and social security | 45 | €9,325 | €6,638 | -€2,686 | -28.8% |
| Taxes | 450/3 | €6,625 | €3,938 | -€2,686 | -40.5% |
| Remuneration and social security | 454/9 | €2,700 | €2,700 | = | 0.0% |
| Other amounts payable | 47/48 | €26,835 | €23,240 | -€3,595 | -13.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,233 | €4,677 | -€557 | -10.6% |
| Other operating charges | 640/8 | €912 | €939 | +€27 | +2.9% |
| Gross operating margin | 9900 | €37,591 | €27,448 | -€10,143 | -27.0% |
| Operating profit (loss) | 9901 | €31,446 | €21,833 | -€9,614 | -30.6% |
| Financial income | 75/76B | €1,080 | €866 | -€214 | -19.8% |
| Recurring financial income | 75 | €1,080 | €866 | -€214 | -19.8% |
| Financial charges | 65/66B | €194 | €125 | -€69 | -35.7% |
| Recurring financial charges | 65 | €194 | €125 | -€69 | -35.7% |
| Profit (loss) for the period before taxes | 9903 | €32,332 | €22,574 | -€9,759 | -30.2% |
| Income taxes | 67/77 | €9,777 | €6,339 | -€3,438 | -35.2% |
| Profit (loss) for the period | 9904 | €22,555 | €16,234 | -€6,321 | -28.0% |
| Profit (loss) for the period to be appropriated | 9905 | €22,555 | €16,234 | -€6,321 | -28.0% |
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 22 October 2026 via checked.be.