DARE 2: 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.
DARE 2
Largest movements
- Financial fixed assets -€560,344
down €560,344 (-42.5%), from €1.3m to €757,821
- Receivables after one year +€482,000
up €482,000 (+46.1%), from €1.0m to €1.5m
- Receivables within one year -€362,320
down €362,320 (-12.9%), from €2.8m to €2.4m
of which Other amounts receivable: -€362,320
- Profit (loss) carried forward -€409,967
down €409,967 (-9.0%), from €4.6m to €4.2m
- Other operating charges +€327,579
up €327,579 (+262.2%), from €124,921 to €452,500
- Financial charges -€196,698
down €196,698 (-100.0%), from €196,741 to €44
of which Non-recurring financial charges: -€196,690
- Gross operating margin -€50,969
down €50,969 (-26.5%), from €192,536 to €141,567
- Financial income -€44,988
down €44,988 (-97.8%), from €45,996 to €1,009
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,759,793 | €5,317,811 | -€441,983 | -7.7% |
| Fixed assets | 21/28 | €1,908,920 | €1,348,577 | -€560,344 | -29.4% |
| Tangible fixed assets | 22/27 | €590,756 | €590,756 | = | 0.0% |
| Furniture and vehicles | 24 | €590,756 | €590,756 | = | 0.0% |
| Financial fixed assets | 28 | €1,318,164 | €757,821 | -€560,344 | -42.5% |
| Current assets | 29/58 | €3,850,873 | €3,969,234 | +€118,361 | +3.1% |
| Amounts receivable after more than one year | 29 | €1,045,000 | €1,527,000 | +€482,000 | +46.1% |
| Other amounts receivable | 291 | €1,045,000 | €1,527,000 | +€482,000 | +46.1% |
| Amounts receivable within one year | 40/41 | €2,800,885 | €2,438,565 | -€362,320 | -12.9% |
| Trade receivables | 40 | €20,000 | €20,000 | = | 0.0% |
| Other amounts receivable | 41 | €2,780,885 | €2,418,565 | -€362,320 | -13.0% |
| Cash at bank and in hand | 54/58 | €4,988 | €3,669 | -€1,319 | -26.4% |
| Total equity and liabilities | 10/49 | €5,759,793 | €5,317,811 | -€441,983 | -7.7% |
| Equity | 10/15 | €4,632,225 | €4,222,258 | -€409,967 | -8.9% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €40,000 | €40,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €37,500 | €37,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,567,225 | €4,157,258 | -€409,967 | -9.0% |
| Amounts payable | 17/49 | €1,127,568 | €1,095,553 | -€32,015 | -2.8% |
| Amounts payable within one year | 42/48 | €1,127,568 | €1,095,553 | -€32,015 | -2.8% |
| Trade debts | 44 | €168,615 | €167,100 | -€1,515 | -0.9% |
| Suppliers | 440/4 | €168,615 | €167,100 | -€1,515 | -0.9% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €958,953 | €928,453 | -€30,500 | -3.2% |
| Non-recurring operating income | 76A | €194,807 | €145,656 | -€49,151 | -25.2% |
| Other operating charges | 640/8 | €124,921 | €452,500 | +€327,579 | +262.2% |
| Non-recurring operating charges | 66A | - | €100,000 | +€100,000 | |
| Gross operating margin | 9900 | €192,536 | €141,567 | -€50,969 | -26.5% |
| Operating profit (loss) | 9901 | €67,616 | -€410,933 | -€478,548 | |
| Financial income | 75/76B | €45,996 | €1,009 | -€44,988 | -97.8% |
| Recurring financial income | 75 | €45,996 | €1,009 | -€44,988 | -97.8% |
| Financial charges | 65/66B | €196,741 | €44 | -€196,698 | -100.0% |
| Recurring financial charges | 65 | €51 | €44 | -€8 | -14.9% |
| Non-recurring financial charges | 66B | €196,690 | €0 | -€196,690 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | -€83,129 | -€409,967 | -€326,838 | -393.2% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€83,129 | -€409,967 | -€326,838 | -393.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€83,129 | -€409,967 | -€326,838 | -393.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.