DARE INNOVATIONS: 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 INNOVATIONS
Largest movements
- Receivables within one year -€51,903
down €51,903 (-19.1%), from €271,926 to €220,023
of which Other amounts receivable: -€59,211
- Debts after one year -€122,829
down €122,829 (-30.6%), from €400,951 to €278,122
- Other debts +€24,000
up €24,000 (+4.1%), from €591,634 to €615,634
- Reserves +€22,000
up €22,000 (+23.4%), from €94,000 to €116,000
- Gross operating margin -€15,503
down €15,503 (-23.2%), from €66,910 to €51,406
- Taxes -€5,166
down €5,166 (-26.4%), from €19,591 to €14,425
- Financial income +€4,501
up €4,501 (+54.6%), from €8,248 to €12,748
- Depreciation -€3,911
down €3,911 (-94.5%), from €4,137 to €226
- Other operating charges +€2,976
up €2,976 (+184%), from €1,621 to €4,597
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 | €1,279,134 | €1,226,023 | -€53,111 | -4.2% |
| Fixed assets | 21/28 | €1,005,945 | €1,005,718 | -€226 | 0.0% |
| Tangible fixed assets | 22/27 | €945 | €718 | -€226 | -23.9% |
| Plant, machinery and equipment | 23 | €945 | €718 | -€226 | -23.9% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €1,005,000 | €1,005,000 | = | 0.0% |
| Current assets | 29/58 | €273,189 | €220,305 | -€52,885 | -19.4% |
| Amounts receivable within one year | 40/41 | €271,926 | €220,023 | -€51,903 | -19.1% |
| Trade receivables | 40 | €6,728 | €14,036 | +€7,308 | +109% |
| Other amounts receivable | 41 | €265,198 | €205,987 | -€59,211 | -22.3% |
| Cash at bank and in hand | 54/58 | €0 | - | = | |
| Deferred charges and accrued income | 490/1 | €1,263 | €281 | -€982 | -77.7% |
| Total equity and liabilities | 10/49 | €1,279,134 | €1,226,023 | -€53,111 | -4.2% |
| Equity | 10/15 | €149,164 | €171,844 | +€22,679 | +15.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €94,000 | €116,000 | +€22,000 | +23.4% |
| Distributable reserves | 133 | €94,000 | €116,000 | +€22,000 | +23.4% |
| Profit (loss) carried forward | 14 | €54,164 | €54,844 | +€679 | +1.3% |
| Amounts payable | 17/49 | €1,129,970 | €1,054,179 | -€75,790 | -6.7% |
| Amounts payable after more than one year | 17 | €400,951 | €278,122 | -€122,829 | -30.6% |
| Financial debts | 170/4 | €400,951 | €278,122 | -€122,829 | -30.6% |
| Amounts payable within one year | 42/48 | €729,019 | €776,058 | +€47,039 | +6.5% |
| Current portion of amounts payable after more than one year | 42 | €121,756 | €122,829 | +€1,073 | +0.9% |
| Financial debts | 43 | €518 | €4,595 | +€4,076 | +786% |
| Credit institutions | 430/8 | €518 | €4,595 | +€4,076 | +786% |
| Trade debts | 44 | €1,120 | €8,429 | +€7,309 | +653% |
| Suppliers | 440/4 | €1,120 | €8,429 | +€7,309 | +653% |
| Taxes, remuneration and social security | 45 | €13,991 | €24,571 | +€10,580 | +75.6% |
| Taxes | 450/3 | €13,991 | €24,571 | +€10,580 | +75.6% |
| Other amounts payable | 47/48 | €591,634 | €615,634 | +€24,000 | +4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,137 | €226 | -€3,911 | -94.5% |
| Other operating charges | 640/8 | €1,621 | €4,597 | +€2,976 | +184% |
| Non-recurring operating charges | 66A | €3,457 | €0 | -€3,457 | -100% |
| Gross operating margin | 9900 | €66,910 | €51,406 | -€15,503 | -23.2% |
| Operating profit (loss) | 9901 | €57,695 | €46,583 | -€11,111 | -19.3% |
| Financial income | 75/76B | €8,248 | €12,748 | +€4,501 | +54.6% |
| Recurring financial income | 75 | €8,248 | €12,748 | +€4,501 | +54.6% |
| Financial charges | 65/66B | €11,000 | €10,228 | -€772 | -7.0% |
| Recurring financial charges | 65 | €11,000 | €10,228 | -€772 | -7.0% |
| Profit (loss) for the period before taxes | 9903 | €54,942 | €49,104 | -€5,838 | -10.6% |
| Income taxes | 67/77 | €19,591 | €14,425 | -€5,166 | -26.4% |
| Profit (loss) for the period | 9904 | €35,351 | €34,679 | -€672 | -1.9% |
| Profit (loss) for the period to be appropriated | 9905 | €35,351 | €34,679 | -€672 | -1.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.