DAREL: 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.
DAREL
Largest movements
- Receivables within one year +€106,131
up €106,131 (+1160.0%), from €9,150 to €115,281
of which Other amounts receivable: +€104,603
- Cash -€83,457
down €83,457 (-70.3%), from €118,759 to €35,302
mainly Receivables within one year (-€106,131) and Contributions, distributions and other (-€10,000)
- Reserves +€24,006
up €24,006 (+24.8%), from €96,887 to €120,892
- Gross operating margin +€14,878
up €14,878 (+45.8%), from €32,485 to €47,362
- Taxes +€4,181
up €4,181 (+46.6%), from €8,980 to €13,161
- Financial income +€603
new in 2025: €603
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 | €127,909 | €150,582 | +€22,674 | +17.7% |
| Current assets | 29/58 | €127,909 | €150,582 | +€22,674 | +17.7% |
| Amounts receivable within one year | 40/41 | €9,150 | €115,281 | +€106,131 | +1160.0% |
| Trade receivables | 40 | €8,430 | €9,958 | +€1,528 | +18.1% |
| Other amounts receivable | 41 | €720 | €105,323 | +€104,603 | +14536.9% |
| Cash at bank and in hand | 54/58 | €118,759 | €35,302 | -€83,457 | -70.3% |
| Total equity and liabilities | 10/49 | €127,909 | €150,582 | +€22,674 | +17.7% |
| Equity | 10/15 | €116,508 | €140,514 | +€24,006 | +20.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €96,887 | €120,892 | +€24,006 | +24.8% |
| Distributable reserves | 133 | €96,887 | €120,892 | +€24,006 | +24.8% |
| Profit (loss) carried forward | 14 | €1,021 | €1,021 | = | 0.0% |
| Amounts payable | 17/49 | €11,401 | €10,069 | -€1,332 | -11.7% |
| Amounts payable within one year | 42/48 | €11,401 | €10,069 | -€1,332 | -11.7% |
| Taxes, remuneration and social security | 45 | €11,401 | €10,069 | -€1,332 | -11.7% |
| Taxes | 450/3 | €7,401 | €10,069 | +€2,668 | +36.1% |
| Remuneration and social security | 454/9 | €4,000 | - | -€4,000 | |
| Other operating charges | 640/8 | €589 | €660 | +€71 | +12.0% |
| Gross operating margin | 9900 | €32,485 | €47,362 | +€14,878 | +45.8% |
| Operating profit (loss) | 9901 | €31,895 | €46,702 | +€14,807 | +46.4% |
| Financial income | 75/76B | - | €603 | +€603 | |
| Recurring financial income | 75 | - | €603 | +€603 | |
| Financial charges | 65/66B | €138 | €138 | +€0 | 0.0% |
| Recurring financial charges | 65 | €138 | €138 | +€0 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €31,757 | €47,167 | +€15,410 | +48.5% |
| Income taxes | 67/77 | €8,980 | €13,161 | +€4,181 | +46.6% |
| Profit (loss) for the period | 9904 | €22,777 | €34,006 | +€11,229 | +49.3% |
| Profit (loss) for the period to be appropriated | 9905 | €22,777 | €34,006 | +€11,229 | +49.3% |
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 4 October 2026 via checked.be.