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 -€22,173
down €22,173 (-43.8%), from €50,610 to €28,437
mainly Other debts (-€22,823) and Contributions, distributions and other (-€15,000)
- Tangible fixed assets -€13,991
down €13,991 (-22.0%), from €63,697 to €49,706
of which Furniture and vehicles: -€13,761
- Receivables within one year +€1,729
up €1,729 (+12.3%), from €14,044 to €15,773
- Other debts -€22,823
down €22,823 (-48.8%), from €46,816 to €23,993
- Debts after one year -€11,246
down €11,246 (-43.6%), from €25,783 to €14,537
- Profit (loss) carried forward -€4,614
down €4,614 (-20.8%), from €22,170 to €17,556
- Tax, wage and social debts +€1,911
up €1,911 (+23.8%), from €8,036 to €9,947
of which Remuneration and social security: +€1,372
- Trade debts +€1,846
up €1,846 (+27.4%), from €6,746 to €8,592
- Gross operating margin -€11,980
down €11,980 (-13.3%), from €90,264 to €78,284
- Staff costs +€4,325
up €4,325 (+11.1%), from €39,104 to €43,429
- Depreciation +€2,593
up €2,593 (+21.2%), from €12,208 to €14,801
- Taxes -€1,604
down €1,604 (-15.9%), from €10,104 to €8,500
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.
Derived cash bridge
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 | €128,446 | €93,931 | -€34,515 | -26.9% |
| Fixed assets | 21/28 | €63,792 | €49,721 | -€14,071 | -22.1% |
| Tangible fixed assets | 22/27 | €63,697 | €49,706 | -€13,991 | -22.0% |
| Plant, machinery and equipment | 23 | €2,464 | €2,234 | -€230 | -9.3% |
| Furniture and vehicles | 24 | €61,233 | €47,472 | -€13,761 | -22.5% |
| Financial fixed assets | 28 | €95 | €15 | -€80 | -84.2% |
| Current assets | 29/58 | €64,654 | €44,210 | -€20,444 | -31.6% |
| Amounts receivable within one year | 40/41 | €14,044 | €15,773 | +€1,729 | +12.3% |
| Trade receivables | 40 | €14,044 | €15,773 | +€1,729 | +12.3% |
| Cash at bank and in hand | 54/58 | €50,610 | €28,437 | -€22,173 | -43.8% |
| Total equity and liabilities | 10/49 | €128,446 | €93,931 | -€34,515 | -26.9% |
| Equity | 10/15 | €30,230 | €25,616 | -€4,614 | -15.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 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% |
| Profit (loss) carried forward | 14 | €22,170 | €17,556 | -€4,614 | -20.8% |
| Amounts payable | 17/49 | €98,216 | €68,315 | -€29,901 | -30.4% |
| Amounts payable after more than one year | 17 | €25,783 | €14,537 | -€11,246 | -43.6% |
| Financial debts | 170/4 | €25,783 | €14,537 | -€11,246 | -43.6% |
| Amounts payable within one year | 42/48 | €72,433 | €53,778 | -€18,655 | -25.8% |
| Current portion of amounts payable after more than one year | 42 | €10,835 | €11,246 | +€411 | +3.8% |
| Trade debts | 44 | €6,746 | €8,592 | +€1,846 | +27.4% |
| Suppliers | 440/4 | €6,746 | €8,592 | +€1,846 | +27.4% |
| Taxes, remuneration and social security | 45 | €8,036 | €9,947 | +€1,911 | +23.8% |
| Taxes | 450/3 | €6,371 | €6,910 | +€539 | +8.5% |
| Remuneration and social security | 454/9 | €1,665 | €3,037 | +€1,372 | +82.4% |
| Other amounts payable | 47/48 | €46,816 | €23,993 | -€22,823 | -48.8% |
| Remuneration, social security and pensions | 62 | €39,104 | €43,429 | +€4,325 | +11.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,208 | €14,801 | +€2,593 | +21.2% |
| Gross operating margin | 9900 | €90,264 | €78,284 | -€11,980 | -13.3% |
| Operating profit (loss) | 9901 | €38,952 | €20,054 | -€18,898 | -48.5% |
| Financial income | 75/76B | €91 | - | -€91 | |
| Recurring financial income | 75 | €91 | - | -€91 | |
| Financial charges | 65/66B | €1,402 | €1,168 | -€234 | -16.7% |
| Recurring financial charges | 65 | €1,402 | €1,168 | -€234 | -16.7% |
| Profit (loss) for the period before taxes | 9903 | €37,641 | €18,886 | -€18,755 | -49.8% |
| Income taxes | 67/77 | €10,104 | €8,500 | -€1,604 | -15.9% |
| Profit (loss) for the period | 9904 | €27,537 | €10,386 | -€17,151 | -62.3% |
| Profit (loss) for the period to be appropriated | 9905 | €27,537 | €10,386 | -€17,151 | -62.3% |
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 20 October 2026 via checked.be.