DARE MANAGEMENT: 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 MANAGEMENT
Largest movements
- Receivables within one year -€71,599
down €71,599 (-95.5%), from €75,000 to €3,401
- Cash -€22,482
down €22,482 (-79.9%), from €28,144 to €5,662
mainly Other debts (-€69,721) and Contributions, distributions and other (-€33,523)
- Tangible fixed assets +€17,238
up €17,238 (+372.3%), from €4,630 to €21,867
of which Furniture and vehicles: +€14,554
- Other debts -€69,721
down €69,721 (-47.3%), from €147,454 to €77,733
- Reserves -€9,129
down €9,129 (-4.7%), from €192,621 to €183,493
- Financial income -€2,495
down €2,495 (-42.5%), from €5,869 to €3,375
- Taxes -€1,063
down €1,063 (-12.3%), from €8,674 to €7,611
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 | €360,367 | €281,832 | -€78,535 | -21.8% |
| Fixed assets | 21/28 | €55,531 | €72,769 | +€17,238 | +31.0% |
| Tangible fixed assets | 22/27 | €4,630 | €21,867 | +€17,238 | +372.3% |
| Plant, machinery and equipment | 23 | €1,275 | €3,959 | +€2,684 | +210.5% |
| Furniture and vehicles | 24 | €3,354 | €17,908 | +€14,554 | +433.9% |
| Financial fixed assets | 28 | €50,901 | €50,901 | = | 0.0% |
| Current assets | 29/58 | €304,836 | €209,063 | -€95,773 | -31.4% |
| Amounts receivable within one year | 40/41 | €75,000 | €3,401 | -€71,599 | -95.5% |
| Other amounts receivable | 41 | €75,000 | €3,401 | -€71,599 | -95.5% |
| Current investments | 50/53 | €200,000 | €200,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €28,144 | €5,662 | -€22,482 | -79.9% |
| Deferred charges and accrued income | 490/1 | €1,692 | - | -€1,692 | |
| Total equity and liabilities | 10/49 | €360,367 | €281,832 | -€78,535 | -21.8% |
| Equity | 10/15 | €195,621 | €186,493 | -€9,129 | -4.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €192,621 | €183,493 | -€9,129 | -4.7% |
| Distributable reserves | 133 | €192,621 | €183,493 | -€9,129 | -4.7% |
| Amounts payable | 17/49 | €164,746 | €95,339 | -€69,406 | -42.1% |
| Amounts payable within one year | 42/48 | €164,746 | €95,339 | -€69,406 | -42.1% |
| Trade debts | 44 | - | €3 | +€3 | |
| Suppliers | 440/4 | - | €3 | +€3 | |
| Taxes, remuneration and social security | 45 | €17,292 | €17,604 | +€312 | +1.8% |
| Taxes | 450/3 | €13,492 | €13,804 | +€312 | +2.3% |
| Remuneration and social security | 454/9 | €3,800 | €3,800 | = | 0.0% |
| Other amounts payable | 47/48 | €147,454 | €77,733 | -€69,721 | -47.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,367 | €3,166 | -€201 | -6.0% |
| Other operating charges | 640/8 | €1,240 | €1,283 | +€43 | +3.5% |
| Non-recurring operating charges | 66A | €334 | - | -€334 | |
| Gross operating margin | 9900 | €33,390 | €33,368 | -€22 | -0.1% |
| Operating profit (loss) | 9901 | €28,449 | €28,919 | +€470 | +1.7% |
| Financial income | 75/76B | €5,869 | €3,375 | -€2,495 | -42.5% |
| Recurring financial income | 75 | €5,869 | €3,375 | -€2,495 | -42.5% |
| Financial charges | 65/66B | €289 | €289 | +€0 | 0.0% |
| Recurring financial charges | 65 | €289 | €289 | +€0 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €34,030 | €32,005 | -€2,025 | -5.9% |
| Income taxes | 67/77 | €8,674 | €7,611 | -€1,063 | -12.3% |
| Profit (loss) for the period | 9904 | €25,356 | €24,394 | -€962 | -3.8% |
| Profit (loss) for the period to be appropriated | 9905 | €25,356 | €24,394 | -€962 | -3.8% |
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 5 October 2026 via checked.be.