DAR BELGIUM: what changed
What changed
DAR BELGIUM
NACE 71.121, Engineering and related technical consultancy, excluding land surveyors
filed annual accounts (NBB)
Net result for the year
€557
2024 · €6,175-€5,619
Equity
€85,345
2024 · €84,788+€557
Cash
€18,037
2024 · €0+€18,037
Balance sheet total
€284,881
2024 · €261,224+€23,656
Largest movements
Assets
- Cash +€18,037
up €18,037, from €0 to €18,037
mainly Other debts (+€32,429) and Depreciation (+€15,976)
- Receivables within one year +€17,462
up €17,462, from €0 to €17,462
of which Trade receivables: +€17,279
- Tangible fixed assets -€11,910
down €11,910 (-4.6%), from €260,688 to €248,778
of which Leasing and similar rights: -€10,793
Equity and liabilities
- Other debts +€32,429
up €32,429 (+428%), from €7,571 to €40,000
- Debts after one year -€15,859
down €15,859 (-11.2%), from €141,188 to €125,329
- Short-term financial debts +€8,118
up €8,118 (+920%), from €882 to €9,000
Income statement
- Gross operating margin -€10,940
down €10,940 (-32.7%), from €33,476 to €22,536
- Write-downs -€2,400
down €2,400 (-100%), from €2,400 to €0
- Taxes -€1,871
down €1,871 (-69.1%), from €2,710 to €839
- Depreciation +€1,606
up €1,606 (+11.2%), from €14,370 to €15,976
- Financial charges -€948
down €948 (-23.1%), from €4,107 to €3,158
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.
Result 2024
€6,175
Gross operating margin
-€10,940
Staff costs
-€1
Depreciation
-€1,606
Write-downs
+€2,400
Other operating charges
-€317
Other operating items
+€2,021
Financial income
+€5
Financial charges
+€948
Taxes
+€1,871
Result 2025
€557
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€31,406
Investment
-€4,066
Financing
-€9,304
Cash 2024
€0
From operations (derived)
+€31,406
Net result for the year
+€557
Depreciation
+€15,976
Receivables within one year
-€17,462
Deferred charges and accrued income
-€68
Trade debts
-€497
Tax, wage and social debts
+€471
Other debts
+€32,429
Investment (derived)
-€4,066
Investment in fixed assets (net)
-€4,066
Financing
-€9,304
Debts after one year
-€15,859
Current portion of long-term debt
-€1,563
Short-term financial debts
+€8,118
Cash 2025
€18,037
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €261,224 | €284,881 | +€23,656 | +9.1% |
| Fixed assets | 21/28 | €260,688 | €248,778 | -€11,910 | -4.6% |
| Tangible fixed assets | 22/27 | €260,688 | €248,778 | -€11,910 | -4.6% |
| Land and buildings | 22 | €249,097 | €239,304 | -€9,792 | -3.9% |
| Plant, machinery and equipment | 23 | €798 | €523 | -€276 | -34.5% |
| Furniture and vehicles | 24 | - | €8,951 | +€8,951 | |
| Leasing and similar rights | 25 | €10,793 | €0 | -€10,793 | -100% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €536 | €36,102 | +€35,567 | +6,638% |
| Amounts receivable within one year | 40/41 | €0 | €17,462 | +€17,462 | |
| Trade receivables | 40 | €0 | €17,279 | +€17,279 | |
| Other amounts receivable | 41 | €0 | €183 | +€183 | |
| Cash at bank and in hand | 54/58 | €0 | €18,037 | +€18,037 | |
| Deferred charges and accrued income | 490/1 | €536 | €604 | +€68 | +12.7% |
| Total equity and liabilities | 10/49 | €261,224 | €284,881 | +€23,656 | +9.1% |
| Equity | 10/15 | €84,788 | €85,345 | +€557 | +0.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €66,188 | €66,745 | +€557 | +0.8% |
| Distributable reserves | 133 | €66,188 | €66,745 | +€557 | +0.8% |
| Amounts payable | 17/49 | €176,436 | €199,536 | +€23,100 | +13.1% |
| Amounts payable after more than one year | 17 | €141,188 | €125,329 | -€15,859 | -11.2% |
| Financial debts | 170/4 | €141,188 | €125,329 | -€15,859 | -11.2% |
| Amounts payable within one year | 42/48 | €35,248 | €74,207 | +€38,958 | +111% |
| Current portion of amounts payable after more than one year | 42 | €17,422 | €15,859 | -€1,563 | -9.0% |
| Financial debts | 43 | €882 | €9,000 | +€8,118 | +920% |
| Credit institutions | 430/8 | €882 | €9,000 | +€8,118 | +920% |
| Trade debts | 44 | €800 | €303 | -€497 | -62.1% |
| Suppliers | 440/4 | €800 | €303 | -€497 | -62.1% |
| Taxes, remuneration and social security | 45 | €8,574 | €9,045 | +€471 | +5.5% |
| Taxes | 450/3 | €8,574 | €8,045 | -€529 | -6.2% |
| Remuneration and social security | 454/9 | - | €1,000 | +€1,000 | |
| Other amounts payable | 47/48 | €7,571 | €40,000 | +€32,429 | +428% |
| Remuneration, social security and pensions | 62 | -€1 | €0 | +€1 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,370 | €15,976 | +€1,606 | +11.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,400 | €0 | -€2,400 | -100% |
| Other operating charges | 640/8 | €1,694 | €2,011 | +€317 | +18.7% |
| Non-recurring operating charges | 66A | €2,021 | €0 | -€2,021 | -100% |
| Gross operating margin | 9900 | €33,476 | €22,536 | -€10,940 | -32.7% |
| Operating profit (loss) | 9901 | €12,992 | €4,549 | -€8,443 | -65.0% |
| Financial income | 75/76B | €0 | €5 | +€5 | |
| Recurring financial income | 75 | €0 | €5 | +€5 | |
| Financial charges | 65/66B | €4,107 | €3,158 | -€948 | -23.1% |
| Recurring financial charges | 65 | €4,107 | €3,158 | -€948 | -23.1% |
| Profit (loss) for the period before taxes | 9903 | €8,885 | €1,395 | -€7,490 | -84.3% |
| Income taxes | 67/77 | €2,710 | €839 | -€1,871 | -69.1% |
| Profit (loss) for the period | 9904 | €6,175 | €557 | -€5,619 | -91.0% |
| Profit (loss) for the period to be appropriated | 9905 | €6,175 | €557 | -€5,619 | -91.0% |
Next steps
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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 8 November 2026 via checked.be.