DARINVEST: 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.
What changed
DARINVEST
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€336,794
2024 · -€25,021-€311,773
Equity
€2.9m
2024 · €3.0m-€95,094
Cash
€7,162
2024 · €7,978-€816
Balance sheet total
€5.5m
2024 · €4.7m+€766,104
Largest movements
Assets
- Financial fixed assets +€827,251
up €827,251 (+41.2%), from €2.0m to €2.8m
Equity and liabilities
- Other debts +€597,679
new in 2025: €597,679
- Current portion of long-term debt +€527,479
up €527,479 (+986.2%), from €53,488 to €580,967
- Debts after one year -€361,174
down €361,174 (-25.0%), from €1.4m to €1.1m
of which Financial debts: -€361,174
- Profit (loss) carried forward -€332,674
down €332,674 (-12.8%), from €2.6m to €2.3m
- Revaluation surpluses +€241,700
up €241,700 (+5809.9%), from €4,160 to €245,860
Income statement
- Gross operating margin -€202,903
down €202,903 (-64.2%), from €316,111 to €113,207
- Turnover +€196,540
up €196,540 (+141.6%), from €138,808 to €335,347
- Financial charges +€68,748
up €68,748 (+41.0%), from €167,690 to €236,438
of which Non-recurring financial charges: +€119,988
- Taxes +€42,244
up €42,244 (+2925.8%), from €1,444 to €43,688
- Write-downs +€40,709
new in 2025: €40,709
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.
Result 2024
-€25,021
Gross operating margin
-€202,903
Depreciation
+€27,402
Write-downs
-€40,709
Other operating charges
-€987
Other operating items
-€13,169
Financial income
-€4,501
Financial charges
-€68,748
Taxes
-€42,244
Deferred taxes and other
+€34,086
Result 2025
-€336,794
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.
From operations
+€484,227
Investment
-€901,202
Financing
+€416,158
Cash 2024
€7,978
From operations (derived)
+€484,227
Net result for the year
-€336,794
Depreciation
+€104,026
Receivables within one year
+€30,922
Smaller working-capital items
-€2,041
Trade debts
+€59,823
Tax, wage and social debts
+€39,057
Other debts
+€597,679
Accrued charges and deferred income
-€8,445
Investment (derived)
-€901,202
Investment in fixed assets (net)
-€901,202
Financing
+€416,158
Debts after one year
-€361,174
Current portion of long-term debt
+€527,479
Short-term financial debts
+€8,153
Contributions, distributions and other
+€241,700
Cash 2025
€7,162
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,685,645 | €5,451,749 | +€766,104 | +16.4% |
| Fixed assets | 21/28 | €4,116,613 | €4,913,788 | +€797,175 | +19.4% |
| Tangible fixed assets | 22/27 | €2,111,124 | €2,081,048 | -€30,076 | -1.4% |
| Land and buildings | 22 | €1,716,918 | €1,615,928 | -€100,990 | -5.9% |
| Furniture and vehicles | 24 | €30,885 | €101,799 | +€70,914 | +229.6% |
| Other tangible fixed assets | 26 | €363,321 | €363,321 | = | 0.0% |
| Financial fixed assets | 28 | €2,005,489 | €2,832,740 | +€827,251 | +41.2% |
| Current assets | 29/58 | €569,032 | €537,961 | -€31,071 | -5.5% |
| Amounts receivable within one year | 40/41 | €549,198 | €518,276 | -€30,922 | -5.6% |
| Trade receivables | 40 | €84,548 | €135,013 | +€50,465 | +59.7% |
| Other amounts receivable | 41 | €464,650 | €383,263 | -€81,387 | -17.5% |
| Cash at bank and in hand | 54/58 | €7,978 | €7,162 | -€816 | -10.2% |
| Deferred charges and accrued income | 490/1 | €11,855 | €12,522 | +€667 | +5.6% |
| Total equity and liabilities | 10/49 | €4,685,645 | €5,451,749 | +€766,104 | +16.4% |
| Equity | 10/15 | €2,989,668 | €2,894,574 | -€95,094 | -3.2% |
| Contributions | 10/11 | €162,000 | €162,000 | = | 0.0% |
| Capital | 10 | €162,000 | €162,000 | = | 0.0% |
| Issued capital | 100 | €162,000 | €162,000 | = | 0.0% |
| Revaluation surpluses | 12 | €4,160 | €245,860 | +€241,700 | +5809.9% |
| Reserves | 13 | €223,713 | €219,592 | -€4,121 | -1.8% |
| Non-distributable reserves | 130/1 | €16,200 | €16,200 | = | 0.0% |
| Legal reserve | 130 | €16,200 | €16,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €207,513 | €203,392 | -€4,121 | -2.0% |
| Profit (loss) carried forward | 14 | €2,599,795 | €2,267,121 | -€332,674 | -12.8% |
| Provisions and deferred taxes | 16 | €56,758 | €55,385 | -€1,374 | -2.4% |
| Deferred taxes | 168 | €56,758 | €55,385 | -€1,374 | -2.4% |
| Amounts payable | 17/49 | €1,639,219 | €2,501,790 | +€862,572 | +52.6% |
| Amounts payable after more than one year | 17 | €1,446,664 | €1,085,489 | -€361,174 | -25.0% |
| Financial debts | 170/4 | €1,406,744 | €1,045,569 | -€361,174 | -25.7% |
| Other amounts payable | 178/9 | €39,920 | €39,920 | = | 0.0% |
| Amounts payable within one year | 42/48 | €112,336 | €1,344,527 | +€1.2m | +1096.9% |
| Current portion of amounts payable after more than one year | 42 | €53,488 | €580,967 | +€527,479 | +986.2% |
| Financial debts | 43 | - | €8,153 | +€8,153 | |
| Credit institutions | 430/8 | - | €8,153 | +€8,153 | |
| Trade debts | 44 | €21,860 | €81,683 | +€59,823 | +273.7% |
| Suppliers | 440/4 | €21,860 | €81,683 | +€59,823 | +273.7% |
| Taxes, remuneration and social security | 45 | €36,989 | €76,045 | +€39,057 | +105.6% |
| Taxes | 450/3 | €36,989 | €76,045 | +€39,057 | +105.6% |
| Other amounts payable | 47/48 | - | €597,679 | +€597,679 | |
| Accrued charges and deferred income | 492/3 | €80,219 | €71,774 | -€8,445 | -10.5% |
| Turnover | 70 | €138,808 | €335,347 | +€196,540 | +141.6% |
| Non-recurring operating income | 76A | €133,949 | - | -€133,949 | |
| Goods, raw materials, services and sundry goods | 60/61 | €226,230 | €249,648 | +€23,418 | +10.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €131,428 | €104,026 | -€27,402 | -20.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €40,709 | +€40,709 | |
| Other operating charges | 640/8 | €40,348 | €41,335 | +€987 | +2.4% |
| Non-recurring operating charges | 66A | €907 | €14,076 | +€13,169 | +1452.0% |
| Gross operating margin | 9900 | €316,111 | €113,207 | -€202,903 | -64.2% |
| Operating profit (loss) | 9901 | €143,427 | -€86,939 | -€230,366 | |
| Financial income | 75/76B | €33,398 | €28,897 | -€4,501 | -13.5% |
| Recurring financial income | 75 | €33,398 | €28,897 | -€4,501 | -13.5% |
| Financial charges | 65/66B | €167,690 | €236,438 | +€68,748 | +41.0% |
| Recurring financial charges | 65 | €167,690 | €116,450 | -€51,240 | -30.6% |
| Non-recurring financial charges | 66B | - | €119,988 | +€119,988 | |
| Profit (loss) for the period before taxes | 9903 | €9,135 | -€294,480 | -€303,615 | |
| Transfer from deferred taxes | 780 | €719 | €1,374 | +€655 | +91.1% |
| Transfer to deferred taxes | 680 | €33,432 | - | -€33,432 | |
| Income taxes | 67/77 | €1,444 | €43,688 | +€42,244 | +2925.8% |
| Profit (loss) for the period | 9904 | -€25,021 | -€336,794 | -€311,773 | -1246.0% |
| Transfer from tax-exempt reserves | 789 | €2,156 | €4,121 | +€1,965 | +91.1% |
| Transfer to tax-exempt reserves | 689 | €100,295 | - | -€100,295 | |
| Profit (loss) for the period to be appropriated | 9905 | -€123,160 | -€332,674 | -€209,514 | -170.1% |
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 7 October 2026 via checked.be.