DARE DARE: 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 DARE
Largest movements
- Tangible fixed assets +€92,344
up €92,344 (+23.9%), from €386,650 to €478,994
of which Other tangible fixed assets: +€95,040
- Receivables within one year +€38,112
up €38,112 (+76.4%), from €49,912 to €88,024
of which Trade receivables: +€35,804
- Stocks and contracts -€12,000
down €12,000 (-50.0%), from €24,000 to €12,000
- Other debts +€140,885
up €140,885 (+19.6%), from €717,170 to €858,055
- Current portion of long-term debt -€17,177
down €17,177 (-53.3%), from €32,212 to €15,035
- Profit (loss) carried forward +€15,523
up €15,523 (+4.8%), from -€323,313 to -€307,790
- Debts after one year -€12,537
down €12,537 (-100.0%), from €12,537 to €0
- Trade debts -€8,201
down €8,201 (-50.3%), from €16,295 to €8,095
- Gross operating margin +€15,667
up €15,667 (+59.0%), from €26,572 to €42,239
- Depreciation +€11,359
up €11,359 (+54.3%), from €20,932 to €32,291
- Other operating charges +€627
up €627 (+88.6%), from €708 to €1,335
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 | €467,497 | €587,296 | +€119,799 | +25.6% |
| Fixed assets | 21/28 | €387,450 | €479,794 | +€92,344 | +23.8% |
| Tangible fixed assets | 22/27 | €386,650 | €478,994 | +€92,344 | +23.9% |
| Furniture and vehicles | 24 | €12,544 | €9,849 | -€2,696 | -21.5% |
| Other tangible fixed assets | 26 | €374,106 | €469,145 | +€95,040 | +25.4% |
| Financial fixed assets | 28 | €800 | €800 | = | 0.0% |
| Current assets | 29/58 | €80,046 | €107,502 | +€27,455 | +34.3% |
| Stocks and contracts in progress | 3 | €24,000 | €12,000 | -€12,000 | -50.0% |
| Stocks | 30/36 | €24,000 | €12,000 | -€12,000 | -50.0% |
| Amounts receivable within one year | 40/41 | €49,912 | €88,024 | +€38,112 | +76.4% |
| Trade receivables | 40 | €30,060 | €65,864 | +€35,804 | +119.1% |
| Other amounts receivable | 41 | €19,852 | €22,159 | +€2,307 | +11.6% |
| Cash at bank and in hand | 54/58 | €6,134 | €5,916 | -€219 | -3.6% |
| Deferred charges and accrued income | 490/1 | - | €1,562 | +€1,562 | |
| Total equity and liabilities | 10/49 | €467,497 | €587,296 | +€119,799 | +25.6% |
| Equity | 10/15 | -€310,913 | -€295,390 | +€15,523 | +5.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€323,313 | -€307,790 | +€15,523 | +4.8% |
| Amounts payable | 17/49 | €778,410 | €882,686 | +€104,276 | +13.4% |
| Amounts payable after more than one year | 17 | €12,537 | €0 | -€12,537 | -100.0% |
| Financial debts | 170/4 | €12,537 | €0 | -€12,537 | -100.0% |
| Amounts payable within one year | 42/48 | €765,872 | €882,686 | +€116,813 | +15.3% |
| Current portion of amounts payable after more than one year | 42 | €32,212 | €15,035 | -€17,177 | -53.3% |
| Trade debts | 44 | €16,295 | €8,095 | -€8,201 | -50.3% |
| Suppliers | 440/4 | €16,295 | €8,095 | -€8,201 | -50.3% |
| Taxes, remuneration and social security | 45 | €195 | €1,501 | +€1,306 | +670.3% |
| Taxes | 450/3 | €195 | €1,501 | +€1,306 | +670.3% |
| Other amounts payable | 47/48 | €717,170 | €858,055 | +€140,885 | +19.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,932 | €32,291 | +€11,359 | +54.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€7,480 | -€7,480 | = | 0.0% |
| Other operating charges | 640/8 | €708 | €1,335 | +€627 | +88.6% |
| Gross operating margin | 9900 | €26,572 | €42,239 | +€15,667 | +59.0% |
| Operating profit (loss) | 9901 | €12,412 | €16,092 | +€3,680 | +29.7% |
| Financial income | 75/76B | €842 | €937 | +€95 | +11.3% |
| Recurring financial income | 75 | €842 | €937 | +€95 | +11.3% |
| Financial charges | 65/66B | €1,918 | €1,506 | -€412 | -21.5% |
| Recurring financial charges | 65 | €1,918 | €1,506 | -€412 | -21.5% |
| Profit (loss) for the period before taxes | 9903 | €11,335 | €15,523 | +€4,187 | +36.9% |
| Profit (loss) for the period | 9904 | €11,335 | €15,523 | +€4,187 | +36.9% |
| Profit (loss) for the period to be appropriated | 9905 | €11,335 | €15,523 | +€4,187 | +36.9% |
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 4 October 2026 via checked.be.