DARO: what changed
Two financial 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.
DARO
Largest movements
- Cash +€5,463
up €5,463 (+138.8%), from €3,934 to €9,397
mainly Net result for the year (+€147,014) and Current portion of long-term debt (+€9,296)
- Tangible fixed assets +€4,936
up €4,936 (+61.2%), from €8,067 to €13,003
of which Furniture and vehicles: +€5,683
- Receivables within one year -€4,528
down €4,528 (-42.8%), from €10,578 to €6,050
- Stocks and contracts +€425
up €425 (+20.2%), from €2,103 to €2,528
- Profit (loss) carried forward +€147,014
up €147,014 (+46.4%), from -€316,718 to -€169,704
- Debts after one year -€117,789
down €117,789 (-56.5%), from €208,384 to €90,595
of which Other amounts payable: -€100,000
- Tax, wage and social debts -€23,727
down €23,727 (-60.1%), from €39,448 to €15,721
of which Remuneration and social security: -€17,298
- Trade debts -€15,199
down €15,199 (-53.7%), from €28,327 to €13,128
- Current portion of long-term debt +€9,296
new in 2025: €9,296
- Gross operating margin +€59,406
up €59,406 (+40.6%), from €146,312 to €205,718
- Staff costs -€18,500
down €18,500 (-28.7%), from €64,373 to €45,873
- Taxes -€2,936
no longer reported in 2025 (was €2,936)
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 | €31,909 | €38,205 | +€6,296 | +19.7% |
| Fixed assets | 21/28 | €15,294 | €20,230 | +€4,936 | +32.3% |
| Tangible fixed assets | 22/27 | €8,067 | €13,003 | +€4,936 | +61.2% |
| Plant, machinery and equipment | 23 | €8,067 | €7,321 | -€746 | -9.3% |
| Furniture and vehicles | 24 | - | €5,683 | +€5,683 | |
| Financial fixed assets | 28 | €7,227 | €7,227 | = | 0.0% |
| Current assets | 29/58 | €16,615 | €17,975 | +€1,360 | +8.2% |
| Stocks and contracts in progress | 3 | €2,103 | €2,528 | +€425 | +20.2% |
| Stocks | 30/36 | €2,103 | €2,528 | +€425 | +20.2% |
| Amounts receivable within one year | 40/41 | €10,578 | €6,050 | -€4,528 | -42.8% |
| Trade receivables | 40 | €10,578 | €6,050 | -€4,528 | -42.8% |
| Cash at bank and in hand | 54/58 | €3,934 | €9,397 | +€5,463 | +138.8% |
| Total equity and liabilities | 10/49 | €31,909 | €38,205 | +€6,296 | +19.7% |
| Equity | 10/15 | -€246,742 | -€99,728 | +€147,014 | +59.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €51,376 | €51,376 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €49,516 | €49,516 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€316,718 | -€169,704 | +€147,014 | +46.4% |
| Amounts payable | 17/49 | €278,651 | €137,933 | -€140,718 | -50.5% |
| Amounts payable after more than one year | 17 | €208,384 | €90,595 | -€117,789 | -56.5% |
| Financial debts | 170/4 | €28,384 | €10,595 | -€17,789 | -62.7% |
| Other amounts payable | 178/9 | €180,000 | €80,000 | -€100,000 | -55.6% |
| Amounts payable within one year | 42/48 | €70,267 | €47,338 | -€22,929 | -32.6% |
| Current portion of amounts payable after more than one year | 42 | - | €9,296 | +€9,296 | |
| Trade debts | 44 | €28,327 | €13,128 | -€15,199 | -53.7% |
| Suppliers | 440/4 | €28,327 | €13,128 | -€15,199 | -53.7% |
| Taxes, remuneration and social security | 45 | €39,448 | €15,721 | -€23,727 | -60.1% |
| Taxes | 450/3 | €17,816 | €11,387 | -€6,428 | -36.1% |
| Remuneration and social security | 454/9 | €21,632 | €4,334 | -€17,298 | -80.0% |
| Other amounts payable | 47/48 | €2,492 | €9,193 | +€6,700 | +268.8% |
| Remuneration, social security and pensions | 62 | €64,373 | €45,873 | -€18,500 | -28.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €742 | €1,217 | +€475 | +64.0% |
| Other operating charges | 640/8 | - | €528 | +€528 | |
| Gross operating margin | 9900 | €146,312 | €205,718 | +€59,406 | +40.6% |
| Operating profit (loss) | 9901 | €81,197 | €158,100 | +€76,903 | +94.7% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €11,838 | €11,086 | -€752 | -6.4% |
| Recurring financial charges | 65 | €11,838 | €11,086 | -€752 | -6.4% |
| Profit (loss) for the period before taxes | 9903 | €69,360 | €147,014 | +€77,654 | +112.0% |
| Income taxes | 67/77 | €2,936 | - | -€2,936 | |
| Profit (loss) for the period | 9904 | €66,424 | €147,014 | +€80,590 | +121.3% |
| Profit (loss) for the period to be appropriated | 9905 | €66,424 | €147,014 | +€80,590 | +121.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.