DARSAN: 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.
DARSAN
Largest movements
- Tangible fixed assets +€77,325
up €77,325 (+19.9%), from €388,369 to €465,694
of which Furniture and vehicles: +€91,720
- Receivables within one year +€19,903
up €19,903 (+39.3%), from €50,606 to €70,509
of which Other amounts receivable: +€21,639
- Cash +€15,895
up €15,895 (+105.2%), from €15,105 to €31,000
mainly Debts after one year (+€60,178) and Net result for the year (+€30,052)
- Debts after one year +€60,178
up €60,178 (+18.4%), from €326,764 to €386,942
- Reserves +€30,052
up €30,052 (+138.4%), from €21,710 to €51,762
- Current portion of long-term debt +€15,744
up €15,744 (+78.4%), from €20,069 to €35,814
- Trade debts +€8,703
up €8,703 (+59.9%), from €14,531 to €23,234
- Financial charges +€10,330
up €10,330 (+52.3%), from €19,737 to €30,067
of which Financial charges: +€7,974
- Gross operating margin -€8,586
down €8,586 (-4.4%), from €193,102 to €184,517
- Taxes +€6,469
up €6,469 (+322.4%), from €2,006 to €8,475
- Depreciation +€5,647
up €5,647 (+26.0%), from €21,682 to €27,329
- Financial income -€3,645
down €3,645 (-60.1%), from €6,064 to €2,420
of which Non-recurring financial income: -€3,981
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 | €464,942 | €580,785 | +€115,843 | +24.9% |
| Fixed assets | 21/28 | €390,725 | €465,694 | +€74,969 | +19.2% |
| Tangible fixed assets | 22/27 | €388,369 | €465,694 | +€77,325 | +19.9% |
| Land and buildings | 22 | €379,875 | €367,532 | -€12,343 | -3.2% |
| Plant, machinery and equipment | 23 | €4,939 | €2,887 | -€2,052 | -41.5% |
| Furniture and vehicles | 24 | €3,556 | €95,275 | +€91,720 | +2579.5% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €2,356 | €0 | -€2,356 | -100.0% |
| Current assets | 29/58 | €74,217 | €115,091 | +€40,874 | +55.1% |
| Stocks and contracts in progress | 3 | €8,072 | €10,779 | +€2,707 | +33.5% |
| Stocks | 30/36 | €8,072 | €10,779 | +€2,707 | +33.5% |
| Amounts receivable within one year | 40/41 | €50,606 | €70,509 | +€19,903 | +39.3% |
| Trade receivables | 40 | €12,125 | €10,389 | -€1,736 | -14.3% |
| Other amounts receivable | 41 | €38,481 | €60,120 | +€21,639 | +56.2% |
| Cash at bank and in hand | 54/58 | €15,105 | €31,000 | +€15,895 | +105.2% |
| Deferred charges and accrued income | 490/1 | €434 | €2,803 | +€2,369 | +545.4% |
| Total equity and liabilities | 10/49 | €464,942 | €580,785 | +€115,843 | +24.9% |
| Equity | 10/15 | €85,010 | €115,062 | +€30,052 | +35.4% |
| Contributions | 10/11 | €63,300 | €63,300 | = | 0.0% |
| Reserves | 13 | €21,710 | €51,762 | +€30,052 | +138.4% |
| Distributable reserves | 133 | €21,710 | €51,762 | +€30,052 | +138.4% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €379,932 | €465,723 | +€85,790 | +22.6% |
| Amounts payable after more than one year | 17 | €326,764 | €386,942 | +€60,178 | +18.4% |
| Financial debts | 170/4 | €326,764 | €386,942 | +€60,178 | +18.4% |
| Amounts payable within one year | 42/48 | €52,947 | €78,698 | +€25,751 | +48.6% |
| Current portion of amounts payable after more than one year | 42 | €20,069 | €35,814 | +€15,744 | +78.4% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €14,531 | €23,234 | +€8,703 | +59.9% |
| Suppliers | 440/4 | €14,531 | €23,234 | +€8,703 | +59.9% |
| Taxes, remuneration and social security | 45 | €18,347 | €19,650 | +€1,303 | +7.1% |
| Taxes | 450/3 | €2,509 | €2,966 | +€457 | +18.2% |
| Remuneration and social security | 454/9 | €15,837 | €16,684 | +€846 | +5.3% |
| Accrued charges and deferred income | 492/3 | €222 | €83 | -€139 | -62.7% |
| Non-recurring operating income | 76A | - | €6,000 | +€6,000 | |
| Remuneration, social security and pensions | 62 | €86,491 | €88,913 | +€2,422 | +2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,682 | €27,329 | +€5,647 | +26.0% |
| Other operating charges | 640/8 | €286 | €2,100 | +€1,813 | +633.4% |
| Non-recurring operating charges | 66A | €2,833 | €0 | -€2,833 | -100.0% |
| Gross operating margin | 9900 | €193,102 | €184,517 | -€8,586 | -4.4% |
| Operating profit (loss) | 9901 | €81,809 | €66,175 | -€15,634 | -19.1% |
| Financial income | 75/76B | €6,064 | €2,420 | -€3,645 | -60.1% |
| Recurring financial income | 75 | €2,084 | €2,420 | +€336 | +16.1% |
| Non-recurring financial income | 76B | €3,981 | €0 | -€3,981 | -100.0% |
| Financial charges | 65/66B | €19,737 | €30,067 | +€10,330 | +52.3% |
| Recurring financial charges | 65 | €19,737 | €27,711 | +€7,974 | +40.4% |
| Non-recurring financial charges | 66B | - | €2,356 | +€2,356 | |
| Profit (loss) for the period before taxes | 9903 | €68,136 | €38,528 | -€29,609 | -43.5% |
| Income taxes | 67/77 | €2,006 | €8,475 | +€6,469 | +322.4% |
| Profit (loss) for the period | 9904 | €66,130 | €30,052 | -€36,077 | -54.6% |
| Profit (loss) for the period to be appropriated | 9905 | €66,130 | €30,052 | -€36,077 | -54.6% |
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.