DAREBE: 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.
DAREBE
Largest movements
- Financial fixed assets -€436,284
down €436,284 (-99.8%), from €437,350 to €1,066
- Intangible fixed assets -€62,621
down €62,621 (-78.0%), from €80,319 to €17,698
- Receivables within one year -€29,897
down €29,897 (-29.9%), from €99,874 to €69,977
of which Trade receivables: -€30,608
- Profit (loss) carried forward -€493,791
down €493,791 (-2.6%), from -€18.8m to -€19.3m
- Other debts -€34,000
down €34,000 (-0.7%), from €4.9m to €4.9m
- Financial charges +€435,804
up €435,804 (+27245.6%), from €1,600 to €437,404
of which Non-recurring financial charges: +€436,284
- Depreciation -€88,291
down €88,291 (-56.6%), from €155,899 to €67,608
- Gross operating margin +€21,476
up €21,476, from -€9,443 to €12,033
- Other operating charges -€565
down €565 (-37.0%), from €1,529 to €963
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 | €623,245 | €97,100 | -€526,146 | -84.4% |
| Fixed assets | 21/28 | €517,669 | €18,764 | -€498,905 | -96.4% |
| Intangible fixed assets | 21 | €80,319 | €17,698 | -€62,621 | -78.0% |
| Financial fixed assets | 28 | €437,350 | €1,066 | -€436,284 | -99.8% |
| Current assets | 29/58 | €105,576 | €78,335 | -€27,241 | -25.8% |
| Stocks and contracts in progress | 3 | €1,547 | €6,978 | +€5,431 | +351.0% |
| Stocks | 30/36 | €1,547 | €6,978 | +€5,431 | +351.0% |
| Amounts receivable within one year | 40/41 | €99,874 | €69,977 | -€29,897 | -29.9% |
| Trade receivables | 40 | €97,288 | €66,680 | -€30,608 | -31.5% |
| Other amounts receivable | 41 | €2,586 | €3,297 | +€711 | +27.5% |
| Cash at bank and in hand | 54/58 | €4,155 | €1,380 | -€2,775 | -66.8% |
| Total equity and liabilities | 10/49 | €623,245 | €97,100 | -€526,146 | -84.4% |
| Equity | 10/15 | -€4,468,120 | -€4,961,911 | -€493,791 | -11.1% |
| Contributions | 10/11 | €14,350,000 | €14,350,000 | = | 0.0% |
| Capital | 10 | €14,350,000 | €14,350,000 | = | 0.0% |
| Issued capital | 100 | €14,350,000 | €14,350,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,818,120 | -€19,311,911 | -€493,791 | -2.6% |
| Amounts payable | 17/49 | €5,091,365 | €5,059,010 | -€32,354 | -0.6% |
| Amounts payable within one year | 42/48 | €4,947,561 | €4,915,207 | -€32,354 | -0.7% |
| Trade debts | 44 | €2,596 | €2,408 | -€188 | -7.3% |
| Suppliers | 440/4 | €2,596 | €2,408 | -€188 | -7.3% |
| Advances received on contracts in progress | 46 | - | €420 | +€420 | |
| Taxes, remuneration and social security | 45 | €496 | €1,910 | +€1,414 | +285.1% |
| Taxes | 450/3 | €496 | €1,910 | +€1,414 | +285.1% |
| Other amounts payable | 47/48 | €4,944,469 | €4,910,469 | -€34,000 | -0.7% |
| Accrued charges and deferred income | 492/3 | €143,804 | €143,804 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €155,899 | €67,608 | -€88,291 | -56.6% |
| Other operating charges | 640/8 | €1,529 | €963 | -€565 | -37.0% |
| Gross operating margin | 9900 | -€9,443 | €12,033 | +€21,476 | |
| Operating profit (loss) | 9901 | -€166,872 | -€56,539 | +€110,332 | +66.1% |
| Financial income | 75/76B | €142 | €152 | +€9 | +6.6% |
| Recurring financial income | 75 | €142 | €152 | +€9 | +6.6% |
| Financial charges | 65/66B | €1,600 | €437,404 | +€435,804 | +27245.6% |
| Recurring financial charges | 65 | €1,600 | €1,120 | -€480 | -30.0% |
| Non-recurring financial charges | 66B | €0 | €436,284 | +€436,284 | |
| Profit (loss) for the period before taxes | 9903 | -€168,329 | -€493,791 | -€325,462 | -193.3% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€168,329 | -€493,791 | -€325,462 | -193.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€168,329 | -€493,791 | -€325,462 | -193.3% |
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 3 October 2026 via checked.be.