DARLING: 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.
DARLING
Largest movements
- Receivables within one year -€28,129
down €28,129 (-59.8%), from €47,001 to €18,871
of which Other amounts receivable: -€27,520
- Tangible fixed assets +€26,114
up €26,114 (+400.3%), from €6,524 to €32,638
of which Furniture and vehicles: +€19,563
- Deferred charges and accrued income +€9,822
up €9,822 (+1218.6%), from €806 to €10,628
- Cash -€8,292
down €8,292 (-10.5%), from €78,675 to €70,383
mainly Contributions, distributions and other (-€87,676) and Investment in fixed assets (net) (-€33,755)
- Reserves -€63,652
down €63,652 (-20.5%), from €309,951 to €246,299
of which Distributable reserves: -€57,652
- Other debts +€46,023
up €46,023 (+81.7%), from €56,340 to €102,363
- Debts after one year +€15,456
new in 2025: €15,456
- Tax, wage and social debts -€7,914
down €7,914 (-77.8%), from €10,174 to €2,260
- Current portion of long-term debt +€4,445
new in 2025: €4,445
- Gross operating margin +€28,368
up €28,368 (+198.7%), from €14,276 to €42,644
- Taxes +€7,496
up €7,496 (+330.2%), from €2,270 to €9,766
- Other operating charges +€5,505
up €5,505 (+1421.2%), from €387 to €5,892
- Depreciation +€4,951
up €4,951 (+171.3%), from €2,890 to €7,840
- Financial income +€3,988
up €3,988 (+210.5%), from €1,894 to €5,882
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 | €401,830 | €401,146 | -€685 | -0.2% |
| Fixed assets | 21/28 | €126,999 | €152,913 | +€25,914 | +20.4% |
| Tangible fixed assets | 22/27 | €6,524 | €32,638 | +€26,114 | +400.3% |
| Plant, machinery and equipment | 23 | - | €6,552 | +€6,552 | |
| Furniture and vehicles | 24 | €6,524 | €26,086 | +€19,563 | +299.9% |
| Financial fixed assets | 28 | €120,475 | €120,275 | -€200 | -0.2% |
| Current assets | 29/58 | €274,832 | €248,233 | -€26,599 | -9.7% |
| Amounts receivable after more than one year | 29 | €50,000 | €50,000 | = | 0.0% |
| Other amounts receivable | 291 | €50,000 | €50,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €47,001 | €18,871 | -€28,129 | -59.8% |
| Trade receivables | 40 | €15,129 | €14,520 | -€609 | -4.0% |
| Other amounts receivable | 41 | €31,872 | €4,351 | -€27,520 | -86.3% |
| Current investments | 50/53 | €98,350 | €98,350 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €78,675 | €70,383 | -€8,292 | -10.5% |
| Deferred charges and accrued income | 490/1 | €806 | €10,628 | +€9,822 | +1218.6% |
| Total equity and liabilities | 10/49 | €401,830 | €401,146 | -€685 | -0.2% |
| Equity | 10/15 | €328,543 | €264,891 | -€63,652 | -19.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €309,951 | €246,299 | -€63,652 | -20.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €6,000 | €0 | -€6,000 | -100.0% |
| Distributable reserves | 133 | €303,951 | €246,299 | -€57,652 | -19.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €73,288 | €136,255 | +€62,967 | +85.9% |
| Amounts payable after more than one year | 17 | - | €15,456 | +€15,456 | |
| Financial debts | 170/4 | - | €15,456 | +€15,456 | |
| Amounts payable within one year | 42/48 | €73,288 | €120,799 | +€47,512 | +64.8% |
| Current portion of amounts payable after more than one year | 42 | - | €4,445 | +€4,445 | |
| Financial debts | 43 | €297 | €895 | +€598 | +201.1% |
| Credit institutions | 430/8 | €297 | €895 | +€598 | +201.1% |
| Trade debts | 44 | €6,476 | €10,836 | +€4,360 | +67.3% |
| Suppliers | 440/4 | €6,476 | €10,836 | +€4,360 | +67.3% |
| Taxes, remuneration and social security | 45 | €10,174 | €2,260 | -€7,914 | -77.8% |
| Taxes | 450/3 | €10,174 | €2,260 | -€7,914 | -77.8% |
| Other amounts payable | 47/48 | €56,340 | €102,363 | +€46,023 | +81.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,890 | €7,840 | +€4,951 | +171.3% |
| Other operating charges | 640/8 | €387 | €5,892 | +€5,505 | +1421.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €14,276 | €42,644 | +€28,368 | +198.7% |
| Operating profit (loss) | 9901 | €10,999 | €28,911 | +€17,912 | +162.9% |
| Financial income | 75/76B | €1,894 | €5,882 | +€3,988 | +210.5% |
| Recurring financial income | 75 | €1,894 | €5,882 | +€3,988 | +210.5% |
| Financial charges | 65/66B | €1,845 | €1,003 | -€842 | -45.6% |
| Recurring financial charges | 65 | €1,845 | €1,003 | -€842 | -45.6% |
| Profit (loss) for the period before taxes | 9903 | €11,048 | €33,790 | +€22,742 | +205.9% |
| Income taxes | 67/77 | €2,270 | €9,766 | +€7,496 | +330.2% |
| Profit (loss) for the period | 9904 | €8,778 | €24,024 | +€15,246 | +173.7% |
| Transfer from tax-exempt reserves | 789 | - | €6,000 | +€6,000 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,778 | €30,024 | +€21,246 | +242.0% |
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 8 October 2026 via checked.be.