DARAH: 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.
DARAH
Largest movements
- Cash -€341,680
down €341,680 (-65.6%), from €521,196 to €179,515
mainly Investment in fixed assets (net) (-€409,439) and Receivables within one year (-€175,328)
- Tangible fixed assets +€287,607
up €287,607 (+8.7%), from €3.3m to €3.6m
of which Land and buildings: +€286,669
- Receivables within one year +€175,328
up €175,328 (+119%), from €147,145 to €322,473
of which Other amounts receivable: +€173,180
- Debts after one year +€193,753
up €193,753 (+8.8%), from €2.2m to €2.4m
of which Financial debts: +€193,753
- Other debts -€56,571
down €56,571 (-52.6%), from €107,479 to €50,908
- Financial income -€82,133
down €82,133 (-78.6%), from €104,460 to €22,328
- Gross operating margin +€22,934
up €22,934 (+13.1%), from €175,358 to €198,293
- Depreciation +€14,530
up €14,530 (+13.5%), from €107,301 to €121,832
- Financial charges +€9,399
up €9,399 (+9.6%), from €97,959 to €107,358
- Other operating charges +€4,398
up €4,398 (+17.4%), from €25,223 to €29,621
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 | €4,133,122 | €4,252,601 | +€119,479 | +2.9% |
| Fixed assets | 21/28 | €3,315,494 | €3,603,102 | +€287,607 | +8.7% |
| Tangible fixed assets | 22/27 | €3,312,094 | €3,599,702 | +€287,607 | +8.7% |
| Land and buildings | 22 | €3,312,094 | €3,598,764 | +€286,669 | +8.7% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | - | €938 | +€938 | |
| Financial fixed assets | 28 | €3,400 | €3,400 | = | 0.0% |
| Current assets | 29/58 | €817,628 | €649,499 | -€168,129 | -20.6% |
| Amounts receivable within one year | 40/41 | €147,145 | €322,473 | +€175,328 | +119% |
| Trade receivables | 40 | - | €2,148 | +€2,148 | |
| Other amounts receivable | 41 | €147,145 | €320,325 | +€173,180 | +118% |
| Current investments | 50/53 | €145,010 | €145,010 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €521,196 | €179,515 | -€341,680 | -65.6% |
| Deferred charges and accrued income | 490/1 | €4,277 | €2,501 | -€1,776 | -41.5% |
| Total equity and liabilities | 10/49 | €4,133,122 | €4,252,601 | +€119,479 | +2.9% |
| Equity | 10/15 | €1,653,749 | €1,617,298 | -€36,452 | -2.2% |
| Contributions | 10/11 | €1,410,000 | €1,410,000 | = | 0.0% |
| Capital | 10 | €1,410,000 | €1,410,000 | = | 0.0% |
| Issued capital | 100 | €1,410,000 | €1,410,000 | = | 0.0% |
| Revaluation surpluses | 12 | €8,250 | €8,250 | = | 0.0% |
| Reserves | 13 | €235,499 | €223,602 | -€11,898 | -5.1% |
| Non-distributable reserves | 130/1 | €57,090 | €57,090 | = | 0.0% |
| Legal reserve | 130 | €57,090 | €57,090 | = | 0.0% |
| Tax-exempt reserves | 132 | €173,466 | €166,512 | -€6,955 | -4.0% |
| Distributable reserves | 133 | €4,943 | €0 | -€4,943 | -100% |
| Profit (loss) carried forward | 14 | - | -€24,554 | -€24,554 | |
| Provisions and deferred taxes | 16 | €43,367 | €41,628 | -€1,739 | -4.0% |
| Deferred taxes | 168 | €43,367 | €41,628 | -€1,739 | -4.0% |
| Amounts payable | 17/49 | €2,436,006 | €2,593,675 | +€157,669 | +6.5% |
| Amounts payable after more than one year | 17 | €2,203,009 | €2,396,762 | +€193,753 | +8.8% |
| Financial debts | 170/4 | €2,200,809 | €2,394,562 | +€193,753 | +8.8% |
| Other amounts payable | 178/9 | €2,200 | €2,200 | = | 0.0% |
| Amounts payable within one year | 42/48 | €205,132 | €170,810 | -€34,322 | -16.7% |
| Current portion of amounts payable after more than one year | 42 | €74,132 | €93,656 | +€19,524 | +26.3% |
| Trade debts | 44 | €1,209 | €905 | -€303 | -25.1% |
| Suppliers | 440/4 | €1,209 | €905 | -€303 | -25.1% |
| Taxes, remuneration and social security | 45 | €22,313 | €25,340 | +€3,028 | +13.6% |
| Taxes | 450/3 | €22,313 | €25,340 | +€3,028 | +13.6% |
| Other amounts payable | 47/48 | €107,479 | €50,908 | -€56,571 | -52.6% |
| Accrued charges and deferred income | 492/3 | €27,866 | €26,103 | -€1,762 | -6.3% |
| Non-recurring operating income | 76A | - | €998 | +€998 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €107,301 | €121,832 | +€14,530 | +13.5% |
| Other operating charges | 640/8 | €25,223 | €29,621 | +€4,398 | +17.4% |
| Non-recurring operating charges | 66A | €2,770 | €0 | -€2,770 | -100% |
| Gross operating margin | 9900 | €175,358 | €198,293 | +€22,934 | +13.1% |
| Operating profit (loss) | 9901 | €40,064 | €46,840 | +€6,777 | +16.9% |
| Financial income | 75/76B | €104,460 | €22,328 | -€82,133 | -78.6% |
| Recurring financial income | 75 | €104,460 | €22,328 | -€82,133 | -78.6% |
| Financial charges | 65/66B | €97,959 | €107,358 | +€9,399 | +9.6% |
| Recurring financial charges | 65 | €97,959 | €107,358 | +€9,399 | +9.6% |
| Profit (loss) for the period before taxes | 9903 | €46,565 | -€38,190 | -€84,755 | |
| Transfer from deferred taxes | 780 | €1,739 | €1,739 | = | 0.0% |
| Profit (loss) for the period | 9904 | €48,304 | -€36,452 | -€84,755 | |
| Transfer from tax-exempt reserves | 789 | €6,955 | €6,955 | +€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €55,258 | -€29,497 | -€84,755 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.