DAS INVEST: what changed
DAS INVEST
Largest movements
- Stocks and contracts +€225,342
up €225,342 (+70.1%), from €321,428 to €546,770
- Receivables within one year +€97,093
up €97,093 (+651%), from €14,905 to €111,998
of which Trade receivables: +€94,469
- Cash -€46,293
down €46,293 (-99.8%), from €46,392 to €99
mainly Stocks and contracts (-€225,342) and Receivables within one year (-€97,093)
- Debts after one year +€365,000
up €365,000 (+178%), from €205,000 to €570,000
- Trade debts -€63,117
down €63,117 (-82.5%), from €76,464 to €13,347
- Other debts -€52,580
down €52,580 (-83.5%), from €62,974 to €10,394
- Profit (loss) carried forward +€47,492
up €47,492 (+36.4%), from -€130,563 to -€83,071
- Tax, wage and social debts -€26,592
down €26,592 (-86.7%), from €30,676 to €4,084
- Gross operating margin +€111,818
up €111,818, from -€46,128 to €65,689
- Financial charges +€11,144
up €11,144 (+1,781%), from €626 to €11,770
- Taxes -€2,634
no longer reported in 2025 (was €2,634)
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €395,551 | €665,754 | +€270,202 | +68.3% |
| Fixed assets | 21/28 | €12,112 | €6,092 | -€6,019 | -49.7% |
| Intangible fixed assets | 21 | €2,505 | - | -€2,505 | |
| Tangible fixed assets | 22/27 | €9,607 | €6,092 | -€3,515 | -36.6% |
| Land and buildings | 22 | €9,607 | €6,092 | -€3,515 | -36.6% |
| Current assets | 29/58 | €383,440 | €659,662 | +€276,222 | +72.0% |
| Stocks and contracts in progress | 3 | €321,428 | €546,770 | +€225,342 | +70.1% |
| Stocks | 30/36 | €321,428 | €546,770 | +€225,342 | +70.1% |
| Amounts receivable within one year | 40/41 | €14,905 | €111,998 | +€97,093 | +651% |
| Trade receivables | 40 | €14,539 | €109,009 | +€94,469 | +650% |
| Other amounts receivable | 41 | €366 | €2,989 | +€2,623 | +717% |
| Cash at bank and in hand | 54/58 | €46,392 | €99 | -€46,293 | -99.8% |
| Deferred charges and accrued income | 490/1 | €715 | €794 | +€79 | +11.1% |
| Total equity and liabilities | 10/49 | €395,551 | €665,754 | +€270,202 | +68.3% |
| Equity | 10/15 | €20,437 | €67,929 | +€47,492 | +232% |
| Contributions | 10/11 | €151,000 | €151,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€130,563 | -€83,071 | +€47,492 | +36.4% |
| Amounts payable | 17/49 | €375,115 | €597,825 | +€222,710 | +59.4% |
| Amounts payable after more than one year | 17 | €205,000 | €570,000 | +€365,000 | +178% |
| Financial debts | 170/4 | €205,000 | €570,000 | +€365,000 | +178% |
| Amounts payable within one year | 42/48 | €170,115 | €27,825 | -€142,290 | -83.6% |
| Trade debts | 44 | €76,464 | €13,347 | -€63,117 | -82.5% |
| Suppliers | 440/4 | €76,464 | €13,347 | -€63,117 | -82.5% |
| Taxes, remuneration and social security | 45 | €30,676 | €4,084 | -€26,592 | -86.7% |
| Taxes | 450/3 | €30,676 | €4,084 | -€26,592 | -86.7% |
| Other amounts payable | 47/48 | €62,974 | €10,394 | -€52,580 | -83.5% |
| Non-recurring operating income | 76A | €2,351 | €3,696 | +€1,345 | +57.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,026 | €6,019 | -€7 | -0.1% |
| Other operating charges | 640/8 | €1,046 | €482 | -€564 | -53.9% |
| Gross operating margin | 9900 | -€46,128 | €65,689 | +€111,818 | |
| Operating profit (loss) | 9901 | -€53,200 | €59,188 | +€112,388 | |
| Financial income | 75/76B | - | €73 | +€73 | |
| Recurring financial income | 75 | - | €73 | +€73 | |
| Financial charges | 65/66B | €626 | €11,770 | +€11,144 | +1,781% |
| Recurring financial charges | 65 | €626 | €11,770 | +€11,144 | +1,781% |
| Profit (loss) for the period before taxes | 9903 | -€53,826 | €47,492 | +€101,318 | |
| Income taxes | 67/77 | €2,634 | - | -€2,634 | |
| Profit (loss) for the period | 9904 | -€56,460 | €47,492 | +€103,952 | |
| Profit (loss) for the period to be appropriated | 9905 | -€56,460 | €47,492 | +€103,952 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.