DaSha: 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.
DaSha
Largest movements
- Cash -€50,747
down €50,747 (-15.6%), from €324,514 to €273,767
mainly Other debts (-€50,846) and Tax, wage and social debts (-€33,695)
- Stocks and contracts +€22,131
up €22,131 (+27.9%), from €79,334 to €101,466
- Reserves +€52,131
up €52,131 (+53.3%), from €97,719 to €149,850
- Other debts -€50,846
down €50,846 (-100.0%), from €50,846 to €0
- Tax, wage and social debts -€33,695
down €33,695 (-24.2%), from €139,387 to €105,692
of which Taxes: -€31,139
- Short-term financial debts +€7,584
new in 2025: €7,584
- Staff costs +€108,586
up €108,586 (+22.7%), from €477,732 to €586,318
- Taxes -€25,172
down €25,172 (-54.3%), from €46,396 to €21,223
- Gross operating margin -€24,731
down €24,731 (-3.6%), from €688,985 to €664,254
- Financial charges -€10,719
down €10,719 (-84.4%), from €12,701 to €1,983
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 | €447,152 | €414,874 | -€32,279 | -7.2% |
| Fixed assets | 21/28 | €1,764 | €1,876 | +€112 | +6.3% |
| Tangible fixed assets | 22/27 | €1,764 | €1,876 | +€112 | +6.3% |
| Plant, machinery and equipment | 23 | €0 | €752 | +€752 | |
| Furniture and vehicles | 24 | €1,764 | €1,124 | -€640 | -36.3% |
| Current assets | 29/58 | €445,388 | €412,998 | -€32,390 | -7.3% |
| Stocks and contracts in progress | 3 | €79,334 | €101,466 | +€22,131 | +27.9% |
| Stocks | 30/36 | €79,334 | €101,466 | +€22,131 | +27.9% |
| Amounts receivable within one year | 40/41 | €39,228 | €35,832 | -€3,396 | -8.7% |
| Trade receivables | 40 | €11,571 | €17,979 | +€6,408 | +55.4% |
| Other amounts receivable | 41 | €27,657 | €17,853 | -€9,804 | -35.5% |
| Cash at bank and in hand | 54/58 | €324,514 | €273,767 | -€50,747 | -15.6% |
| Deferred charges and accrued income | 490/1 | €2,311 | €1,933 | -€378 | -16.4% |
| Total equity and liabilities | 10/49 | €447,152 | €414,874 | -€32,279 | -7.2% |
| Equity | 10/15 | €110,119 | €162,250 | +€52,131 | +47.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €97,719 | €149,850 | +€52,131 | +53.3% |
| Distributable reserves | 133 | €97,719 | €149,850 | +€52,131 | +53.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €337,033 | €252,624 | -€84,409 | -25.0% |
| Amounts payable within one year | 42/48 | €333,292 | €252,624 | -€80,668 | -24.2% |
| Financial debts | 43 | - | €7,584 | +€7,584 | |
| Credit institutions | 430/8 | - | €7,584 | +€7,584 | |
| Trade debts | 44 | €143,060 | €139,348 | -€3,712 | -2.6% |
| Suppliers | 440/4 | €143,060 | €139,348 | -€3,712 | -2.6% |
| Taxes, remuneration and social security | 45 | €139,387 | €105,692 | -€33,695 | -24.2% |
| Taxes | 450/3 | €77,535 | €46,396 | -€31,139 | -40.2% |
| Remuneration and social security | 454/9 | €61,852 | €59,296 | -€2,556 | -4.1% |
| Other amounts payable | 47/48 | €50,846 | €0 | -€50,846 | -100.0% |
| Accrued charges and deferred income | 492/3 | €3,741 | €0 | -€3,741 | -100.0% |
| Remuneration, social security and pensions | 62 | €477,732 | €586,318 | +€108,586 | +22.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,436 | €2,363 | -€73 | -3.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €8,119 | €1,871 | -€6,248 | -77.0% |
| Non-recurring operating charges | 66A | €1,742 | €0 | -€1,742 | -100.0% |
| Gross operating margin | 9900 | €688,985 | €664,254 | -€24,731 | -3.6% |
| Operating profit (loss) | 9901 | €198,956 | €73,701 | -€125,254 | -63.0% |
| Financial income | 75/76B | €0 | €1,636 | +€1,636 | |
| Recurring financial income | 75 | €0 | €1,636 | +€1,636 | |
| Financial charges | 65/66B | €12,701 | €1,983 | -€10,719 | -84.4% |
| Recurring financial charges | 65 | €12,701 | €1,983 | -€10,719 | -84.4% |
| Profit (loss) for the period before taxes | 9903 | €186,254 | €73,354 | -€112,900 | -60.6% |
| Income taxes | 67/77 | €46,396 | €21,223 | -€25,172 | -54.3% |
| Profit (loss) for the period | 9904 | €139,859 | €52,131 | -€87,728 | -62.7% |
| Profit (loss) for the period to be appropriated | 9905 | €139,859 | €52,131 | -€87,728 | -62.7% |
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.