Daro: 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.
Daro
Largest movements
- Cash +€59,491
up €59,491 (+190.0%), from €31,309 to €90,800
mainly Net result for the year (+€46,563) and Depreciation (+€29,994)
- Tangible fixed assets -€30,687
down €30,687 (-13.8%), from €221,982 to €191,295
of which Land and buildings: -€24,339
- Stocks and contracts -€27,186
down €27,186 (-19.9%), from €136,697 to €109,511
- Receivables within one year -€18,379
down €18,379 (-27.9%), from €65,974 to €47,595
of which Trade receivables: -€9,491
- Other debts -€66,217
down €66,217 (-55.9%), from €118,425 to €52,208
- Profit (loss) carried forward +€46,563
up €46,563, from -€44,830 to €1,733
- Debts after one year -€19,152
down €19,152 (-18.6%), from €102,909 to €83,757
- Short-term financial debts +€15,000
up €15,000 (+17.6%), from €85,000 to €100,000
- Trade debts +€12,697
up €12,697 (+33.0%), from €38,456 to €51,153
- Staff costs -€60,538
down €60,538 (-79.7%), from €75,926 to €15,388
- Gross operating margin +€24,569
up €24,569 (+26.8%), from €91,779 to €116,349
- Taxes +€5,512
new in 2026: €5,512
- Financial charges +€3,160
up €3,160 (+32.7%), from €9,653 to €12,813
- Other operating charges +€2,206
up €2,206 (+33.5%), from €6,590 to €8,796
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €461,905 | €444,058 | -€17,847 | -3.9% |
| Fixed assets | 21/28 | €222,130 | €191,295 | -€30,835 | -13.9% |
| Intangible fixed assets | 21 | €149 | - | -€149 | |
| Tangible fixed assets | 22/27 | €221,982 | €191,295 | -€30,687 | -13.8% |
| Land and buildings | 22 | €208,769 | €184,430 | -€24,339 | -11.7% |
| Plant, machinery and equipment | 23 | €8,004 | €5,760 | -€2,244 | -28.0% |
| Furniture and vehicles | 24 | €5,209 | €1,105 | -€4,104 | -78.8% |
| Current assets | 29/58 | €239,775 | €252,763 | +€12,989 | +5.4% |
| Stocks and contracts in progress | 3 | €136,697 | €109,511 | -€27,186 | -19.9% |
| Stocks | 30/36 | €136,697 | €109,511 | -€27,186 | -19.9% |
| Amounts receivable within one year | 40/41 | €65,974 | €47,595 | -€18,379 | -27.9% |
| Trade receivables | 40 | €47,965 | €38,474 | -€9,491 | -19.8% |
| Other amounts receivable | 41 | €18,009 | €9,122 | -€8,887 | -49.3% |
| Cash at bank and in hand | 54/58 | €31,309 | €90,800 | +€59,491 | +190.0% |
| Deferred charges and accrued income | 490/1 | €5,795 | €4,857 | -€938 | -16.2% |
| Total equity and liabilities | 10/49 | €461,905 | €444,058 | -€17,847 | -3.9% |
| Equity | 10/15 | €85,583 | €132,146 | +€46,563 | +54.4% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €109,953 | €109,953 | = | 0.0% |
| Distributable reserves | 133 | €109,953 | €109,953 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€44,830 | €1,733 | +€46,563 | |
| Amounts payable | 17/49 | €376,322 | €311,913 | -€64,409 | -17.1% |
| Amounts payable after more than one year | 17 | €102,909 | €83,757 | -€19,152 | -18.6% |
| Financial debts | 170/4 | €102,909 | €83,757 | -€19,152 | -18.6% |
| Amounts payable within one year | 42/48 | €273,413 | €228,156 | -€45,257 | -16.6% |
| Current portion of amounts payable after more than one year | 42 | €18,507 | €19,152 | +€645 | +3.5% |
| Financial debts | 43 | €85,000 | €100,000 | +€15,000 | +17.6% |
| Credit institutions | 430/8 | €85,000 | €100,000 | +€15,000 | +17.6% |
| Trade debts | 44 | €38,456 | €51,153 | +€12,697 | +33.0% |
| Suppliers | 440/4 | €38,456 | €51,153 | +€12,697 | +33.0% |
| Taxes, remuneration and social security | 45 | €13,025 | €5,643 | -€7,382 | -56.7% |
| Taxes | 450/3 | €989 | €5,643 | +€4,654 | +470.4% |
| Remuneration and social security | 454/9 | €12,035 | - | -€12,035 | |
| Other amounts payable | 47/48 | €118,425 | €52,208 | -€66,217 | -55.9% |
| Remuneration, social security and pensions | 62 | €75,926 | €15,388 | -€60,538 | -79.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,111 | €29,994 | -€2,117 | -6.6% |
| Other operating charges | 640/8 | €6,590 | €8,796 | +€2,206 | +33.5% |
| Gross operating margin | 9900 | €91,779 | €116,349 | +€24,569 | +26.8% |
| Operating profit (loss) | 9901 | -€22,848 | €62,170 | +€85,018 | |
| Financial income | 75/76B | €2,584 | €2,717 | +€133 | +5.2% |
| Recurring financial income | 75 | €2,584 | €2,717 | +€133 | +5.2% |
| Financial charges | 65/66B | €9,653 | €12,813 | +€3,160 | +32.7% |
| Recurring financial charges | 65 | €9,653 | €12,813 | +€3,160 | +32.7% |
| Profit (loss) for the period before taxes | 9903 | -€29,917 | €52,074 | +€81,992 | |
| Income taxes | 67/77 | - | €5,512 | +€5,512 | |
| Profit (loss) for the period | 9904 | -€29,917 | €46,563 | +€76,480 | |
| Profit (loss) for the period to be appropriated | 9905 | -€29,917 | €46,563 | +€76,480 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.