DARE: 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.
DARE
Largest movements
- Cash +€17,924
up €17,924 (+33.6%), from €53,399 to €71,323
mainly Other debts (+€45,606) and Net result for the year (+€32,125)
- Receivables within one year -€16,764
down €16,764 (-61.0%), from €27,498 to €10,734
of which Trade receivables: -€17,751
- Tangible fixed assets -€15,050
down €15,050 (-6.3%), from €237,860 to €222,809
of which Land and buildings: -€14,593
- Other debts +€45,606
up €45,606 (+1,913%), from €2,384 to €47,991
- Debts after one year -€35,966
down €35,966 (-49.7%), from €72,426 to €36,460
- Trade debts -€13,861
down €13,861 (-44.5%), from €31,161 to €17,300
- Reserves -€13,375
down €13,375 (-9.7%), from €138,375 to €125,000
of which Distributable reserves: -€13,375
- Tax, wage and social debts +€11,268
up €11,268 (+179%), from €6,279 to €17,547
of which Taxes: +€8,421
- Taxes +€3,996
up €3,996 (+42.4%), from €9,416 to €13,412
- Staff costs -€3,965
down €3,965 (-7.6%), from €52,021 to €48,057
- Financial charges -€2,299
down €2,299 (-24.7%), from €9,310 to €7,010
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 | €355,107 | €343,104 | -€12,003 | -3.4% |
| Fixed assets | 21/28 | €237,860 | €222,809 | -€15,050 | -6.3% |
| Tangible fixed assets | 22/27 | €237,860 | €222,809 | -€15,050 | -6.3% |
| Land and buildings | 22 | €224,507 | €209,914 | -€14,593 | -6.5% |
| Plant, machinery and equipment | 23 | €7,652 | €6,465 | -€1,187 | -15.5% |
| Furniture and vehicles | 24 | €5,700 | €6,430 | +€730 | +12.8% |
| Current assets | 29/58 | €117,248 | €120,295 | +€3,047 | +2.6% |
| Stocks and contracts in progress | 3 | €32,702 | €34,551 | +€1,849 | +5.7% |
| Stocks | 30/36 | €32,702 | €34,551 | +€1,849 | +5.7% |
| Amounts receivable within one year | 40/41 | €27,498 | €10,734 | -€16,764 | -61.0% |
| Trade receivables | 40 | €26,866 | €9,115 | -€17,751 | -66.1% |
| Other amounts receivable | 41 | €632 | €1,619 | +€987 | +156% |
| Cash at bank and in hand | 54/58 | €53,399 | €71,323 | +€17,924 | +33.6% |
| Deferred charges and accrued income | 490/1 | €3,649 | €3,687 | +€38 | +1.0% |
| Total equity and liabilities | 10/49 | €355,107 | €343,104 | -€12,003 | -3.4% |
| Equity | 10/15 | €144,575 | €131,200 | -€13,375 | -9.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €138,375 | €125,000 | -€13,375 | -9.7% |
| Tax-exempt reserves | 132 | €10,222 | €10,222 | = | 0.0% |
| Distributable reserves | 133 | €128,153 | €114,779 | -€13,375 | -10.4% |
| Provisions and deferred taxes | 16 | €56,640 | €56,640 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €56,640 | €56,640 | = | 0.0% |
| Pensions and similar obligations | 160 | €41,640 | €41,640 | = | 0.0% |
| Major repairs and maintenance | 162 | €15,000 | €15,000 | = | 0.0% |
| Amounts payable | 17/49 | €153,892 | €155,264 | +€1,372 | +0.9% |
| Amounts payable after more than one year | 17 | €72,426 | €36,460 | -€35,966 | -49.7% |
| Financial debts | 170/4 | €72,426 | €36,460 | -€35,966 | -49.7% |
| Amounts payable within one year | 42/48 | €80,760 | €118,804 | +€38,044 | +47.1% |
| Current portion of amounts payable after more than one year | 42 | €37,987 | €35,966 | -€2,020 | -5.3% |
| Financial debts | 43 | €2,949 | - | -€2,949 | |
| Credit institutions | 430/8 | €2,949 | - | -€2,949 | |
| Trade debts | 44 | €31,161 | €17,300 | -€13,861 | -44.5% |
| Suppliers | 440/4 | €31,161 | €17,300 | -€13,861 | -44.5% |
| Taxes, remuneration and social security | 45 | €6,279 | €17,547 | +€11,268 | +179% |
| Taxes | 450/3 | €492 | €8,913 | +€8,421 | +1,711% |
| Remuneration and social security | 454/9 | €5,787 | €8,634 | +€2,847 | +49.2% |
| Other amounts payable | 47/48 | €2,384 | €47,991 | +€45,606 | +1,913% |
| Accrued charges and deferred income | 492/3 | €706 | - | -€706 | |
| Remuneration, social security and pensions | 62 | €52,021 | €48,057 | -€3,965 | -7.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,201 | €23,899 | -€301 | -1.2% |
| Other operating charges | 640/8 | €2,674 | €1,996 | -€678 | -25.4% |
| Gross operating margin | 9900 | €126,076 | €126,335 | +€259 | +0.2% |
| Operating profit (loss) | 9901 | €47,180 | €52,383 | +€5,204 | +11.0% |
| Financial income | 75/76B | €162 | €165 | +€3 | +1.9% |
| Recurring financial income | 75 | €162 | €165 | +€3 | +1.9% |
| Financial charges | 65/66B | €9,310 | €7,010 | -€2,299 | -24.7% |
| Recurring financial charges | 65 | €9,310 | €7,010 | -€2,299 | -24.7% |
| Profit (loss) for the period before taxes | 9903 | €38,032 | €45,538 | +€7,506 | +19.7% |
| Income taxes | 67/77 | €9,416 | €13,412 | +€3,996 | +42.4% |
| Profit (loss) for the period | 9904 | €28,615 | €32,125 | +€3,510 | +12.3% |
| Profit (loss) for the period to be appropriated | 9905 | €28,615 | €32,125 | +€3,510 | +12.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.