DART: 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.
DART
Largest movements
- Tangible fixed assets -€34,469
down €34,469 (-26.2%), from €131,458 to €96,989
of which Other tangible fixed assets: -€30,825
- Profit (loss) carried forward -€19,309
down €19,309 (-85.5%), from -€22,574 to -€41,883
- Debts after one year -€15,180
down €15,180 (-7.8%), from €194,304 to €179,124
- Gross operating margin -€3,259
down €3,259 (-15.4%), from €21,231 to €17,972
- Other operating charges -€2,907
down €2,907 (-77.1%), from €3,772 to €865
- Financial income -€418
down €418 (-11.6%), from €3,613 to €3,195
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 | €197,253 | €163,316 | -€33,938 | -17.2% |
| Fixed assets | 21/28 | €131,458 | €96,989 | -€34,469 | -26.2% |
| Tangible fixed assets | 22/27 | €131,458 | €96,989 | -€34,469 | -26.2% |
| Land and buildings | 22 | €35,284 | €32,076 | -€3,208 | -9.1% |
| Furniture and vehicles | 24 | €969 | €533 | -€436 | -45.0% |
| Other tangible fixed assets | 26 | €95,206 | €64,381 | -€30,825 | -32.4% |
| Current assets | 29/58 | €65,795 | €66,326 | +€531 | +0.8% |
| Amounts receivable within one year | 40/41 | €62,149 | €62,743 | +€594 | +1.0% |
| Trade receivables | 40 | €4,134 | €156 | -€3,978 | -96.2% |
| Other amounts receivable | 41 | €58,014 | €62,586 | +€4,572 | +7.9% |
| Cash at bank and in hand | 54/58 | €2,984 | €1,904 | -€1,080 | -36.2% |
| Deferred charges and accrued income | 490/1 | €662 | €1,679 | +€1,017 | +154% |
| Total equity and liabilities | 10/49 | €197,253 | €163,316 | -€33,938 | -17.2% |
| Equity | 10/15 | -€14,514 | -€33,823 | -€19,309 | -133% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €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 | -€22,574 | -€41,883 | -€19,309 | -85.5% |
| Amounts payable | 17/49 | €211,767 | €197,138 | -€14,629 | -6.9% |
| Amounts payable after more than one year | 17 | €194,304 | €179,124 | -€15,180 | -7.8% |
| Financial debts | 170/4 | €194,304 | €179,124 | -€15,180 | -7.8% |
| Amounts payable within one year | 42/48 | €16,863 | €17,414 | +€551 | +3.3% |
| Current portion of amounts payable after more than one year | 42 | €15,828 | €16,192 | +€364 | +2.3% |
| Trade debts | 44 | €82 | €871 | +€789 | +961% |
| Suppliers | 440/4 | €82 | €871 | +€789 | +961% |
| Taxes, remuneration and social security | 45 | €953 | €351 | -€602 | -63.2% |
| Taxes | 450/3 | €953 | €351 | -€602 | -63.2% |
| Accrued charges and deferred income | 492/3 | €600 | €600 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,502 | €34,469 | -€34 | -0.1% |
| Other operating charges | 640/8 | €3,772 | €865 | -€2,907 | -77.1% |
| Gross operating margin | 9900 | €21,231 | €17,972 | -€3,259 | -15.4% |
| Operating profit (loss) | 9901 | -€17,043 | -€17,362 | -€318 | -1.9% |
| Financial income | 75/76B | €3,613 | €3,195 | -€418 | -11.6% |
| Recurring financial income | 75 | €3,613 | €3,195 | -€418 | -11.6% |
| Financial charges | 65/66B | €5,093 | €4,966 | -€128 | -2.5% |
| Recurring financial charges | 65 | €5,093 | €4,966 | -€128 | -2.5% |
| Profit (loss) for the period before taxes | 9903 | -€18,524 | -€19,133 | -€609 | -3.3% |
| Income taxes | 67/77 | €174 | €176 | +€2 | +1.0% |
| Profit (loss) for the period | 9904 | -€18,698 | -€19,309 | -€611 | -3.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,698 | -€19,309 | -€611 | -3.3% |
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 13 October 2026 via checked.be.