DARE 2 MEASURE: 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 2 MEASURE
Largest movements
- Cash -€102,953
down €102,953 (-43.9%), from €234,418 to €131,465
mainly Other debts (-€145,759) and Investment in fixed assets (net) (-€97,800)
- Receivables within one year -€102,543
down €102,543 (-79.9%), from €128,364 to €25,821
of which Other amounts receivable: -€60,698
- Tangible fixed assets +€77,882
up €77,882 (+25.0%), from €312,021 to €389,903
of which Land and buildings: +€73,554
- Other debts -€145,759
down €145,759 (-81.2%), from €179,600 to €33,841
- Reserves +€51,708
up €51,708 (+21.7%), from €237,822 to €289,530
of which Distributable reserves: +€51,708
- Debts after one year -€19,687
down €19,687 (-10.4%), from €188,638 to €168,951
- Trade debts -€9,481
down €9,481 (-46.8%), from €20,278 to €10,797
- Tax, wage and social debts -€6,974
down €6,974 (-33.0%), from €21,145 to €14,171
- Gross operating margin +€15,610
up €15,610 (+17.6%), from €88,441 to €104,051
- Financial income -€3,679
down €3,679 (-91.1%), from €4,039 to €360
- Depreciation +€2,346
up €2,346 (+13.3%), from €17,572 to €19,918
- Taxes +€1,775
up €1,775 (+9.7%), from €18,224 to €19,999
- Other operating charges +€1,477
up €1,477 (+70.3%), from €2,102 to €3,579
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 | €679,315 | €549,378 | -€129,937 | -19.1% |
| Fixed assets | 21/28 | €312,021 | €389,903 | +€77,882 | +25.0% |
| Tangible fixed assets | 22/27 | €312,021 | €389,903 | +€77,882 | +25.0% |
| Land and buildings | 22 | €308,148 | €381,702 | +€73,554 | +23.9% |
| Furniture and vehicles | 24 | €3,873 | €8,202 | +€4,328 | +112% |
| Current assets | 29/58 | €367,294 | €159,474 | -€207,819 | -56.6% |
| Amounts receivable within one year | 40/41 | €128,364 | €25,821 | -€102,543 | -79.9% |
| Trade receivables | 40 | €62,415 | €20,570 | -€41,845 | -67.0% |
| Other amounts receivable | 41 | €65,949 | €5,251 | -€60,698 | -92.0% |
| Cash at bank and in hand | 54/58 | €234,418 | €131,465 | -€102,953 | -43.9% |
| Deferred charges and accrued income | 490/1 | €4,511 | €2,189 | -€2,323 | -51.5% |
| Total equity and liabilities | 10/49 | €679,315 | €549,378 | -€129,937 | -19.1% |
| Equity | 10/15 | €250,222 | €301,930 | +€51,708 | +20.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €237,822 | €289,530 | +€51,708 | +21.7% |
| Tax-exempt reserves | 132 | €9,168 | €9,168 | = | 0.0% |
| Distributable reserves | 133 | €228,654 | €280,363 | +€51,708 | +22.6% |
| Amounts payable | 17/49 | €429,093 | €247,447 | -€181,645 | -42.3% |
| Amounts payable after more than one year | 17 | €188,638 | €168,951 | -€19,687 | -10.4% |
| Financial debts | 170/4 | €188,638 | €168,951 | -€19,687 | -10.4% |
| Amounts payable within one year | 42/48 | €240,454 | €78,497 | -€161,958 | -67.4% |
| Current portion of amounts payable after more than one year | 42 | €19,432 | €19,687 | +€256 | +1.3% |
| Trade debts | 44 | €20,278 | €10,797 | -€9,481 | -46.8% |
| Suppliers | 440/4 | €20,278 | €10,797 | -€9,481 | -46.8% |
| Taxes, remuneration and social security | 45 | €21,145 | €14,171 | -€6,974 | -33.0% |
| Taxes | 450/3 | €21,145 | €14,171 | -€6,974 | -33.0% |
| Other amounts payable | 47/48 | €179,600 | €33,841 | -€145,759 | -81.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,572 | €19,918 | +€2,346 | +13.3% |
| Other operating charges | 640/8 | €2,102 | €3,579 | +€1,477 | +70.3% |
| Gross operating margin | 9900 | €88,441 | €104,051 | +€15,610 | +17.6% |
| Operating profit (loss) | 9901 | €68,767 | €80,555 | +€11,787 | +17.1% |
| Financial income | 75/76B | €4,039 | €360 | -€3,679 | -91.1% |
| Recurring financial income | 75 | €4,039 | €360 | -€3,679 | -91.1% |
| Financial charges | 65/66B | €7,758 | €9,208 | +€1,450 | +18.7% |
| Recurring financial charges | 65 | €7,758 | €9,208 | +€1,450 | +18.7% |
| Profit (loss) for the period before taxes | 9903 | €65,049 | €71,707 | +€6,658 | +10.2% |
| Income taxes | 67/77 | €18,224 | €19,999 | +€1,775 | +9.7% |
| Profit (loss) for the period | 9904 | €46,825 | €51,708 | +€4,883 | +10.4% |
| Profit (loss) for the period to be appropriated | 9905 | €46,825 | €51,708 | +€4,883 | +10.4% |
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 18 October 2026 via checked.be.