DARO CONSTRUCT: 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 CONSTRUCT
Largest movements
- Tangible fixed assets +€390,890
up €390,890 (+25.0%), from €1.6m to €2.0m
of which Land and buildings: +€400,798
- Receivables within one year +€40,919
up €40,919 (+59.6%), from €68,665 to €109,584
of which Other amounts receivable: +€40,075
- Cash -€35,907
down €35,907 (-100.0%), from €35,907 to €0
mainly Investment in fixed assets (net) (-€554,513) and Receivables within one year (-€40,919)
- Debts after one year +€318,526
up €318,526 (+71.9%), from €442,859 to €761,385
- Other debts +€65,790
up €65,790 (+51.3%), from €128,287 to €194,077
- Depreciation +€77,506
up €77,506 (+90.0%), from €86,116 to €163,623
- Taxes -€17,963
down €17,963 (-76.7%), from €23,429 to €5,467
- Gross operating margin +€9,180
up €9,180 (+3.9%), from €237,010 to €246,190
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 | €1,671,212 | €2,067,113 | +€395,901 | +23.7% |
| Fixed assets | 21/28 | €1,566,639 | €1,957,529 | +€390,890 | +25.0% |
| Tangible fixed assets | 22/27 | €1,566,639 | €1,957,529 | +€390,890 | +25.0% |
| Land and buildings | 22 | €1,522,580 | €1,923,378 | +€400,798 | +26.3% |
| Plant, machinery and equipment | 23 | €44,060 | €34,151 | -€9,909 | -22.5% |
| Current assets | 29/58 | €104,572 | €109,584 | +€5,011 | +4.8% |
| Amounts receivable within one year | 40/41 | €68,665 | €109,584 | +€40,919 | +59.6% |
| Trade receivables | 40 | €30,606 | €31,450 | +€844 | +2.8% |
| Other amounts receivable | 41 | €38,059 | €78,134 | +€40,075 | +105.3% |
| Cash at bank and in hand | 54/58 | €35,907 | €0 | -€35,907 | -100.0% |
| Total equity and liabilities | 10/49 | €1,671,212 | €2,067,113 | +€395,901 | +23.7% |
| Equity | 10/15 | €913,758 | €931,371 | +€17,613 | +1.9% |
| Contributions | 10/11 | €21,600 | €21,600 | = | 0.0% |
| Revaluation surpluses | 12 | €179,956 | €179,956 | = | 0.0% |
| Reserves | 13 | €712,202 | €729,815 | +€17,613 | +2.5% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €710,343 | €727,956 | +€17,613 | +2.5% |
| Amounts payable | 17/49 | €757,454 | €1,135,742 | +€378,288 | +49.9% |
| Amounts payable after more than one year | 17 | €442,859 | €761,385 | +€318,526 | +71.9% |
| Financial debts | 170/4 | €442,859 | €761,385 | +€318,526 | +71.9% |
| Amounts payable within one year | 42/48 | €306,323 | €374,356 | +€68,034 | +22.2% |
| Current portion of amounts payable after more than one year | 42 | €160,246 | €166,474 | +€6,228 | +3.9% |
| Financial debts | 43 | - | €1,757 | +€1,757 | |
| Credit institutions | 430/8 | - | €1,757 | +€1,757 | |
| Trade debts | 44 | €16,686 | €9,967 | -€6,719 | -40.3% |
| Suppliers | 440/4 | €16,686 | €9,967 | -€6,719 | -40.3% |
| Taxes, remuneration and social security | 45 | €1,104 | €2,081 | +€977 | +88.5% |
| Taxes | 450/3 | €1,104 | €2,081 | +€977 | +88.5% |
| Other amounts payable | 47/48 | €128,287 | €194,077 | +€65,790 | +51.3% |
| Accrued charges and deferred income | 492/3 | €8,272 | €0 | -€8,272 | -100.0% |
| Remuneration, social security and pensions | 62 | - | €175 | +€175 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €86,116 | €163,623 | +€77,506 | +90.0% |
| Other operating charges | 640/8 | €21,448 | €23,477 | +€2,030 | +9.5% |
| Gross operating margin | 9900 | €237,010 | €246,190 | +€9,180 | +3.9% |
| Operating profit (loss) | 9901 | €129,446 | €58,915 | -€70,531 | -54.5% |
| Financial charges | 65/66B | €35,030 | €35,835 | +€806 | +2.3% |
| Recurring financial charges | 65 | €35,030 | €35,835 | +€806 | +2.3% |
| Profit (loss) for the period before taxes | 9903 | €94,416 | €23,080 | -€71,336 | -75.6% |
| Income taxes | 67/77 | €23,429 | €5,467 | -€17,963 | -76.7% |
| Profit (loss) for the period | 9904 | €70,987 | €17,613 | -€53,373 | -75.2% |
| Profit (loss) for the period to be appropriated | 9905 | €70,987 | €17,613 | -€53,373 | -75.2% |
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 9 October 2026 via checked.be.