DARSHAN: 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.
DARSHAN
Largest movements
- Tangible fixed assets -€5,088
down €5,088 (-4.5%), from €112,387 to €107,298
of which Land and buildings: -€4,350
- Cash -€4,348
down €4,348 (-12.8%), from €33,937 to €29,589
mainly Current portion of long-term debt (-€13,856) and Contributions, distributions and other (-€9,000)
- Current portion of long-term debt -€13,856
no longer reported in 2025 (was €13,856)
- Other debts +€2,396
up €2,396 (+5.5%), from €43,680 to €46,076
- Gross operating margin -€11,987
down €11,987 (-37.7%), from €31,829 to €19,842
- Taxes -€2,827
down €2,827 (-71.5%), from €3,955 to €1,128
- Financial charges -€699
down €699 (-25.9%), from €2,705 to €2,006
- Depreciation +€323
up €323 (+6.1%), from €5,251 to €5,574
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 | €159,730 | €148,604 | -€11,126 | -7.0% |
| Formation expenses | 20 | €4,868 | €4,382 | -€485 | -10.0% |
| Fixed assets | 21/28 | €112,399 | €107,311 | -€5,088 | -4.5% |
| Tangible fixed assets | 22/27 | €112,387 | €107,298 | -€5,088 | -4.5% |
| Land and buildings | 22 | €110,575 | €106,225 | -€4,350 | -3.9% |
| Furniture and vehicles | 24 | €1,812 | €1,073 | -€738 | -40.8% |
| Financial fixed assets | 28 | €13 | €13 | = | 0.0% |
| Current assets | 29/58 | €42,463 | €36,911 | -€5,552 | -13.1% |
| Amounts receivable within one year | 40/41 | €7,369 | €6,048 | -€1,322 | -17.9% |
| Trade receivables | 40 | €2,420 | - | -€2,420 | |
| Other amounts receivable | 41 | €4,949 | €6,048 | +€1,098 | +22.2% |
| Cash at bank and in hand | 54/58 | €33,937 | €29,589 | -€4,348 | -12.8% |
| Deferred charges and accrued income | 490/1 | €1,157 | €1,274 | +€118 | +10.2% |
| Total equity and liabilities | 10/49 | €159,730 | €148,604 | -€11,126 | -7.0% |
| Equity | 10/15 | €94,845 | €95,243 | +€398 | +0.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €86,785 | €87,183 | +€398 | +0.5% |
| Amounts payable | 17/49 | €64,885 | €53,361 | -€11,524 | -17.8% |
| Amounts payable within one year | 42/48 | €64,885 | €53,361 | -€11,524 | -17.8% |
| Current portion of amounts payable after more than one year | 42 | €13,856 | - | -€13,856 | |
| Trade debts | 44 | €3,399 | €2,217 | -€1,182 | -34.8% |
| Suppliers | 440/4 | €3,399 | €2,217 | -€1,182 | -34.8% |
| Taxes, remuneration and social security | 45 | €3,950 | €5,068 | +€1,118 | +28.3% |
| Taxes | 450/3 | €3,950 | €5,068 | +€1,118 | +28.3% |
| Other amounts payable | 47/48 | €43,680 | €46,076 | +€2,396 | +5.5% |
| Non-recurring operating income | 76A | €2,190 | - | -€2,190 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,251 | €5,574 | +€323 | +6.1% |
| Other operating charges | 640/8 | €2,025 | €1,770 | -€254 | -12.6% |
| Gross operating margin | 9900 | €31,829 | €19,842 | -€11,987 | -37.7% |
| Operating profit (loss) | 9901 | €24,553 | €12,498 | -€12,055 | -49.1% |
| Financial income | 75/76B | €17 | €34 | +€16 | +93.7% |
| Recurring financial income | 75 | €17 | €34 | +€16 | +93.7% |
| Financial charges | 65/66B | €2,705 | €2,006 | -€699 | -25.9% |
| Recurring financial charges | 65 | €2,705 | €2,006 | -€699 | -25.9% |
| Profit (loss) for the period before taxes | 9903 | €21,866 | €10,526 | -€11,339 | -51.9% |
| Income taxes | 67/77 | €3,955 | €1,128 | -€2,827 | -71.5% |
| Profit (loss) for the period | 9904 | €17,910 | €9,398 | -€8,512 | -47.5% |
| Profit (loss) for the period to be appropriated | 9905 | €17,910 | €9,398 | -€8,512 | -47.5% |
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 14 October 2026 via checked.be.