DARCO: 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.
What changed
DARCO
NACE 70.200, Business and other management consultancy
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€181,302
2024 · €187,140-€5,838
Equity
€1.5m
2024 · €1.5m+€21,302
Cash
€89,542
2024 · €76,581+€12,961
Balance sheet total
€2.3m
2024 · €2.3m-€16,796
Largest movements
Assets
- Tangible fixed assets -€30,204
down €30,204 (-1.5%), from €2.1m to €2.0m
of which Plant, machinery and equipment: -€30,204
Equity and liabilities
- Other debts -€36,118
down €36,118 (-4.5%), from €796,502 to €760,384
Income statement
- Gross operating margin -€28,279
down €28,279 (-8.3%), from €341,723 to €313,444
- Depreciation -€19,818
down €19,818 (-39.6%), from €50,022 to €30,204
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.
Result 2024
€187,140
Gross operating margin
-€28,279
Staff costs
+€136
Depreciation
+€19,818
Other operating charges
-€794
Financial charges
+€436
Taxes
+€2,846
Result 2025
€181,302
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.
From operations
+€172,961
Investment
€0
Financing
-€160,000
Cash 2024
€76,581
From operations (derived)
+€172,961
Net result for the year
+€181,302
Depreciation
+€30,204
Receivables within one year
+€1,875
Deferred charges and accrued income
-€2,322
Trade debts
-€4,414
Tax, wage and social debts
+€2,429
Other debts
-€36,118
Accrued charges and deferred income
+€5
Financing
-€160,000
Contributions, distributions and other
-€160,000
Cash 2025
€89,542
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,314,383 | €2,297,587 | -€16,796 | -0.7% |
| Fixed assets | 21/28 | €2,070,444 | €2,040,240 | -€30,204 | -1.5% |
| Tangible fixed assets | 22/27 | €2,070,444 | €2,040,240 | -€30,204 | -1.5% |
| Land and buildings | 22 | €1,998,062 | €1,998,062 | = | 0.0% |
| Plant, machinery and equipment | 23 | €72,383 | €42,178 | -€30,204 | -41.7% |
| Furniture and vehicles | 24 | - | €0 | = | |
| Current assets | 29/58 | €243,938 | €257,347 | +€13,409 | +5.5% |
| Amounts receivable within one year | 40/41 | €162,879 | €161,004 | -€1,875 | -1.2% |
| Trade receivables | 40 | €9,239 | €4,620 | -€4,620 | -50.0% |
| Other amounts receivable | 41 | €153,640 | €156,385 | +€2,745 | +1.8% |
| Cash at bank and in hand | 54/58 | €76,581 | €89,542 | +€12,961 | +16.9% |
| Deferred charges and accrued income | 490/1 | €4,478 | €6,801 | +€2,322 | +51.9% |
| Total equity and liabilities | 10/49 | €2,314,383 | €2,297,587 | -€16,796 | -0.7% |
| Equity | 10/15 | €1,507,226 | €1,528,528 | +€21,302 | +1.4% |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Capital | 10 | €65,000 | €65,000 | = | 0.0% |
| Issued capital | 100 | €65,000 | €65,000 | = | 0.0% |
| Reserves | 13 | €183,196 | €183,196 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,500 | €6,500 | = | 0.0% |
| Legal reserve | 130 | €6,500 | €6,500 | = | 0.0% |
| Distributable reserves | 133 | €176,696 | €176,696 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,259,030 | €1,280,332 | +€21,302 | +1.7% |
| Amounts payable | 17/49 | €807,157 | €769,059 | -€38,098 | -4.7% |
| Amounts payable within one year | 42/48 | €807,157 | €769,054 | -€38,103 | -4.7% |
| Trade debts | 44 | €10,655 | €6,241 | -€4,414 | -41.4% |
| Suppliers | 440/4 | €10,655 | €6,241 | -€4,414 | -41.4% |
| Taxes, remuneration and social security | 45 | - | €2,429 | +€2,429 | |
| Taxes | 450/3 | - | €2,429 | +€2,429 | |
| Other amounts payable | 47/48 | €796,502 | €760,384 | -€36,118 | -4.5% |
| Accrued charges and deferred income | 492/3 | - | €5 | +€5 | |
| Remuneration, social security and pensions | 62 | €136 | - | -€136 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,022 | €30,204 | -€19,818 | -39.6% |
| Other operating charges | 640/8 | €35,139 | €35,933 | +€794 | +2.3% |
| Gross operating margin | 9900 | €341,723 | €313,444 | -€28,279 | -8.3% |
| Operating profit (loss) | 9901 | €256,426 | €247,307 | -€9,120 | -3.6% |
| Financial charges | 65/66B | €6,762 | €6,326 | -€436 | -6.4% |
| Recurring financial charges | 65 | €6,762 | €6,326 | -€436 | -6.4% |
| Profit (loss) for the period before taxes | 9903 | €249,664 | €240,980 | -€8,684 | -3.5% |
| Income taxes | 67/77 | €62,524 | €59,678 | -€2,846 | -4.6% |
| Profit (loss) for the period | 9904 | €187,140 | €181,302 | -€5,838 | -3.1% |
| Profit (loss) for the period to be appropriated | 9905 | €187,140 | €181,302 | -€5,838 | -3.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.