DASA-M: 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.
DASA-M
Largest movements
- Tangible fixed assets -€59,060
down €59,060 (-4.3%), from €1.4m to €1.3m
of which Land and buildings: -€60,472
- Other debts -€49,190
down €49,190 (-7.9%), from €625,600 to €576,410
- Debts after one year -€22,053
down €22,053 (-8.3%), from €267,179 to €245,126
of which Financial debts: -€22,053
- Depreciation -€48,541
down €48,541 (-44.5%), from €109,106 to €60,565
- Gross operating margin +€4,336
up €4,336 (+5.1%), from €84,816 to €89,152
- Financial charges +€2,766
up €2,766 (+42.3%), from €6,534 to €9,300
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 | €1,384,535 | €1,333,069 | -€51,466 | -3.7% |
| Fixed assets | 21/28 | €1,366,887 | €1,307,828 | -€59,060 | -4.3% |
| Tangible fixed assets | 22/27 | €1,366,887 | €1,307,828 | -€59,060 | -4.3% |
| Land and buildings | 22 | €1,366,887 | €1,306,416 | -€60,472 | -4.4% |
| Plant, machinery and equipment | 23 | - | €1,412 | +€1,412 | |
| Current assets | 29/58 | €17,648 | €25,242 | +€7,594 | +43.0% |
| Amounts receivable within one year | 40/41 | €3,950 | €11,800 | +€7,850 | +198.7% |
| Trade receivables | 40 | €3,950 | €11,800 | +€7,850 | +198.7% |
| Cash at bank and in hand | 54/58 | €13,214 | €13,442 | +€228 | +1.7% |
| Deferred charges and accrued income | 490/1 | €484 | - | -€484 | |
| Total equity and liabilities | 10/49 | €1,384,535 | €1,333,069 | -€51,466 | -3.7% |
| Equity | 10/15 | €468,062 | €478,001 | +€9,939 | +2.1% |
| Contributions | 10/11 | €566,000 | €566,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€97,938 | -€87,999 | +€9,939 | +10.1% |
| Amounts payable | 17/49 | €916,473 | €855,068 | -€61,405 | -6.7% |
| Amounts payable after more than one year | 17 | €267,179 | €245,126 | -€22,053 | -8.3% |
| Financial debts | 170/4 | €262,179 | €240,126 | -€22,053 | -8.4% |
| Other amounts payable | 178/9 | €5,000 | €5,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €648,588 | €609,942 | -€38,647 | -6.0% |
| Current portion of amounts payable after more than one year | 42 | €21,333 | €22,052 | +€719 | +3.4% |
| Trade debts | 44 | €1,655 | €11,479 | +€9,824 | +593.5% |
| Suppliers | 440/4 | €1,655 | €11,479 | +€9,824 | +593.5% |
| Other amounts payable | 47/48 | €625,600 | €576,410 | -€49,190 | -7.9% |
| Accrued charges and deferred income | 492/3 | €706 | - | -€706 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €109,106 | €60,565 | -€48,541 | -44.5% |
| Other operating charges | 640/8 | €8,709 | €9,348 | +€639 | +7.3% |
| Gross operating margin | 9900 | €84,816 | €89,152 | +€4,336 | +5.1% |
| Operating profit (loss) | 9901 | -€32,999 | €19,239 | +€52,238 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €6,534 | €9,300 | +€2,766 | +42.3% |
| Recurring financial charges | 65 | €6,534 | €9,300 | +€2,766 | +42.3% |
| Profit (loss) for the period before taxes | 9903 | -€39,533 | €9,939 | +€49,472 | |
| Profit (loss) for the period | 9904 | -€39,533 | €9,939 | +€49,472 | |
| Profit (loss) for the period to be appropriated | 9905 | -€39,533 | €9,939 | +€49,472 |
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 10 October 2026 via checked.be.