DARNOC: what changed
What changed
DARNOC
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
filed annual accounts (NBB)
Net result for the year
€774,743
2024 · €15,738+€759,005
Equity
€2.8m
2024 · €2.0m+€774,743
Cash
€108,779
2024 · €236,956-€128,177
Balance sheet total
€3.9m
2024 · €2.7m+€1.1m
Largest movements
Assets
- Current investments +€1.3m
up €1.3m (+116%), from €1.1m to €2.4m
- Cash -€128,177
down €128,177 (-54.1%), from €236,956 to €108,779
mainly Current investments (-€1.3m) and Other debts (-€30,797)
Equity and liabilities
- Reserves +€774,682
up €774,682 (+481%), from €161,078 to €935,760
of which Distributable reserves: +€599,800
- Tax, wage and social debts +€386,136
up €386,136 (+19,307%), from €2,000 to €388,136
Income statement
- Financial income +€1.1m
up €1.1m (+191,783%), from €580 to €1.1m
- Taxes +€386,002
up €386,002 (+17,755%), from €2,174 to €388,176
- Gross operating margin +€24,475
up €24,475 (+29.7%), from €82,304 to €106,779
- Financial charges -€8,326
down €8,326 (-68.9%), from €12,085 to €3,759
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€15,738
Gross operating margin
+€24,475
Depreciation
-€852
Other operating charges
+€61
Financial income
+€1.1m
Financial charges
+€8,326
Taxes
-€386,002
Result 2025
€774,743
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€1.2m
Investment
-€1.3m
Financing
+€1,610
Cash 2024
€236,956
From operations (derived)
+€1.2m
Net result for the year
+€774,743
Depreciation
+€42,993
Smaller working-capital items
+€588
Trade debts
-€4,614
Tax, wage and social debts
+€386,136
Other debts
-€30,797
Accrued charges and deferred income
+€8,612
Investment (derived)
-€1.3m
Investment in fixed assets (net)
-€6,682
Current investments
-€1.3m
Financing
+€1,610
Debts after one year
+€1,610
Cash 2025
€108,779
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,731,978 | €3,867,668 | +€1.1m | +41.6% |
| Fixed assets | 21/28 | €1,356,715 | €1,320,403 | -€36,312 | -2.7% |
| Tangible fixed assets | 22/27 | €1,356,715 | €1,320,403 | -€36,312 | -2.7% |
| Land and buildings | 22 | €1,222,267 | €1,186,195 | -€36,072 | -3.0% |
| Plant, machinery and equipment | 23 | €1,196 | €956 | -€240 | -20.1% |
| Other tangible fixed assets | 26 | €133,252 | €133,252 | = | 0.0% |
| Current assets | 29/58 | €1,375,263 | €2,547,265 | +€1.2m | +85.2% |
| Amounts receivable within one year | 40/41 | €14,435 | €13,533 | -€902 | -6.3% |
| Trade receivables | 40 | €11,461 | €10,558 | -€902 | -7.9% |
| Other amounts receivable | 41 | €2,975 | €2,975 | = | 0.0% |
| Current investments | 50/53 | €1,122,124 | €2,422,891 | +€1.3m | +116% |
| Cash at bank and in hand | 54/58 | €236,956 | €108,779 | -€128,177 | -54.1% |
| Deferred charges and accrued income | 490/1 | €1,747 | €2,062 | +€314 | +18.0% |
| Total equity and liabilities | 10/49 | €2,731,978 | €3,867,668 | +€1.1m | +41.6% |
| Equity | 10/15 | €2,048,582 | €2,823,326 | +€774,743 | +37.8% |
| Contributions | 10/11 | €1,882,000 | €1,882,000 | = | 0.0% |
| Capital | 10 | €1,882,000 | €1,882,000 | = | 0.0% |
| Issued capital | 100 | €1,882,000 | €1,882,000 | = | 0.0% |
| Reserves | 13 | €161,078 | €935,760 | +€774,682 | +481% |
| Non-distributable reserves | 130/1 | €8,200 | €188,200 | +€180,000 | +2,195% |
| Legal reserve | 130 | €8,200 | €188,200 | +€180,000 | +2,195% |
| Tax-exempt reserves | 132 | €93,078 | €87,960 | -€5,118 | -5.5% |
| Distributable reserves | 133 | €59,800 | €659,600 | +€599,800 | +1,003% |
| Profit (loss) carried forward | 14 | €5,504 | €5,566 | +€61 | +1.1% |
| Amounts payable | 17/49 | €683,396 | €1,044,342 | +€360,947 | +52.8% |
| Amounts payable after more than one year | 17 | €4,600 | €6,210 | +€1,610 | +35.0% |
| Other amounts payable | 178/9 | €4,600 | €6,210 | +€1,610 | +35.0% |
| Amounts payable within one year | 42/48 | €674,260 | €1,024,985 | +€350,725 | +52.0% |
| Trade debts | 44 | €7,517 | €2,903 | -€4,614 | -61.4% |
| Suppliers | 440/4 | €7,517 | €2,903 | -€4,614 | -61.4% |
| Taxes, remuneration and social security | 45 | €2,000 | €388,136 | +€386,136 | +19,307% |
| Taxes | 450/3 | €2,000 | €388,136 | +€386,136 | +19,307% |
| Other amounts payable | 47/48 | €664,743 | €633,946 | -€30,797 | -4.6% |
| Accrued charges and deferred income | 492/3 | €4,536 | €13,148 | +€8,612 | +190% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,142 | €42,993 | +€852 | +2.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €10,746 | €10,684 | -€61 | -0.6% |
| Gross operating margin | 9900 | €82,304 | €106,779 | +€24,475 | +29.7% |
| Operating profit (loss) | 9901 | €29,417 | €53,102 | +€23,684 | +80.5% |
| Financial income | 75/76B | €580 | €1,113,577 | +€1.1m | +191,783% |
| Recurring financial income | 75 | €580 | €1,113,577 | +€1.1m | +191,783% |
| Financial charges | 65/66B | €12,085 | €3,759 | -€8,326 | -68.9% |
| Recurring financial charges | 65 | €12,085 | €3,759 | -€8,326 | -68.9% |
| Profit (loss) for the period before taxes | 9903 | €17,912 | €1,162,919 | +€1.1m | +6,392% |
| Income taxes | 67/77 | €2,174 | €388,176 | +€386,002 | +17,755% |
| Profit (loss) for the period | 9904 | €15,738 | €774,743 | +€759,005 | +4,823% |
| Transfer from tax-exempt reserves | 789 | €5,118 | €5,118 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €20,856 | €779,861 | +€759,005 | +3,639% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.