DARWIN CAPITAL: 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.
DARWIN CAPITAL
Largest movements
- Receivables within one year -€1,445
down €1,445 (-28.2%), from €5,119 to €3,673
of which Other amounts receivable: -€1,445
- Tangible fixed assets -€602
down €602 (-30.1%), from €2,002 to €1,400
of which Other tangible fixed assets: -€334
- Other debts +€10,826
up €10,826 (+6.0%), from €180,415 to €191,241
- Profit (loss) carried forward -€8,535
down €8,535 (-4.2%), from -€201,077 to -€209,611
- Tax, wage and social debts -€3,558
no longer reported in 2025 (was €3,558)
- Trade debts -€505
down €505 (-52.9%), from €955 to €450
- Short-term financial debts -€239
no longer reported in 2025 (was €239)
- Gross operating margin +€3,974
up €3,974 (+35.6%), from -€11,169 to -€7,196
- Depreciation -€259
down €259 (-49.1%), from €526 to €268
- Other operating charges +€218
up €218 (+119.3%), from €183 to €401
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 | €7,135 | €5,125 | -€2,010 | -28.2% |
| Fixed assets | 21/28 | €2,002 | €1,400 | -€602 | -30.1% |
| Tangible fixed assets | 22/27 | €2,002 | €1,400 | -€602 | -30.1% |
| Furniture and vehicles | 24 | €1,668 | €1,400 | -€268 | -16.1% |
| Other tangible fixed assets | 26 | €334 | €0 | -€334 | -100.0% |
| Current assets | 29/58 | €5,133 | €3,725 | -€1,408 | -27.4% |
| Amounts receivable within one year | 40/41 | €5,119 | €3,673 | -€1,445 | -28.2% |
| Trade receivables | 40 | €1,896 | €1,896 | = | 0.0% |
| Other amounts receivable | 41 | €3,223 | €1,777 | -€1,445 | -44.8% |
| Current investments | 50/53 | €14 | - | -€14 | |
| Cash at bank and in hand | 54/58 | - | €52 | +€52 | |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €7,135 | €5,125 | -€2,010 | -28.2% |
| Equity | 10/15 | -€178,032 | -€186,567 | -€8,535 | -4.8% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €16,847 | €16,847 | = | 0.0% |
| Distributable reserves | 133 | €16,847 | €16,847 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€201,077 | -€209,611 | -€8,535 | -4.2% |
| Amounts payable | 17/49 | €185,167 | €191,691 | +€6,524 | +3.5% |
| Amounts payable within one year | 42/48 | €185,167 | €191,691 | +€6,524 | +3.5% |
| Financial debts | 43 | €239 | - | -€239 | |
| Credit institutions | 430/8 | €239 | - | -€239 | |
| Trade debts | 44 | €955 | €450 | -€505 | -52.9% |
| Suppliers | 440/4 | €955 | €450 | -€505 | -52.9% |
| Taxes, remuneration and social security | 45 | €3,558 | - | -€3,558 | |
| Taxes | 450/3 | €3,558 | - | -€3,558 | |
| Other amounts payable | 47/48 | €180,415 | €191,241 | +€10,826 | +6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €526 | €268 | -€259 | -49.1% |
| Other operating charges | 640/8 | €183 | €401 | +€218 | +119.3% |
| Non-recurring operating charges | 66A | - | €334 | +€334 | |
| Gross operating margin | 9900 | -€11,169 | -€7,196 | +€3,974 | +35.6% |
| Operating profit (loss) | 9901 | -€11,879 | -€8,199 | +€3,680 | +31.0% |
| Financial charges | 65/66B | €225 | €336 | +€110 | +49.0% |
| Recurring financial charges | 65 | €225 | €336 | +€110 | +49.0% |
| Profit (loss) for the period before taxes | 9903 | -€12,104 | -€8,535 | +€3,569 | +29.5% |
| Profit (loss) for the period | 9904 | -€12,104 | -€8,535 | +€3,569 | +29.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,104 | -€8,535 | +€3,569 | +29.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.