DASO: 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.
DASO
Largest movements
- Receivables after one year -€58,000
down €58,000 (-53.7%), from €108,000 to €50,000
- Cash -€18,814
down €18,814 (-21.2%), from €88,819 to €70,005
mainly Other debts (-€61,115) and Contributions, distributions and other (-€54,000)
- Tangible fixed assets +€13,124
up €13,124 (+22.3%), from €58,839 to €71,964
of which Leasing and similar rights: +€19,011
- Other debts -€61,115
down €61,115 (-80.8%), from €75,679 to €14,564
- Debts after one year +€15,447
new in 2025: €15,447
- Tax, wage and social debts -€14,052
down €14,052 (-32.8%), from €42,831 to €28,780
of which Taxes: -€15,881
- Trade debts -€4,882
down €4,882 (-26.1%), from €18,683 to €13,801
- Reserves -€4,326
down €4,326 (-3.6%), from €121,652 to €117,326
- Gross operating margin +€66,405
up €66,405 (+60.6%), from €109,552 to €175,957
- Financial charges +€20,856
up €20,856 (+3963.4%), from €526 to €21,382
of which Non-recurring financial charges: +€20,649
- Taxes +€14,992
up €14,992 (+285.0%), from €5,261 to €20,253
- Staff costs +€10,177
up €10,177 (+15.4%), from €66,297 to €76,473
- Other operating charges -€3,647
down €3,647 (-86.1%), from €4,235 to €589
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 | €277,445 | €212,206 | -€65,240 | -23.5% |
| Fixed assets | 21/28 | €58,839 | €71,964 | +€13,124 | +22.3% |
| Tangible fixed assets | 22/27 | €58,839 | €71,964 | +€13,124 | +22.3% |
| Land and buildings | 22 | €6,032 | €7,159 | +€1,127 | +18.7% |
| Plant, machinery and equipment | 23 | €52,807 | €45,794 | -€7,013 | -13.3% |
| Leasing and similar rights | 25 | - | €19,011 | +€19,011 | |
| Current assets | 29/58 | €218,606 | €140,242 | -€78,364 | -35.8% |
| Amounts receivable after more than one year | 29 | €108,000 | €50,000 | -€58,000 | -53.7% |
| Other amounts receivable | 291 | €108,000 | €50,000 | -€58,000 | -53.7% |
| Stocks and contracts in progress | 3 | €181 | €423 | +€242 | +133.6% |
| Stocks | 30/36 | €181 | €423 | +€242 | +133.6% |
| Amounts receivable within one year | 40/41 | €15,269 | €14,503 | -€766 | -5.0% |
| Trade receivables | 40 | €2,252 | €4,487 | +€2,234 | +99.2% |
| Other amounts receivable | 41 | €13,017 | €10,017 | -€3,000 | -23.0% |
| Cash at bank and in hand | 54/58 | €88,819 | €70,005 | -€18,814 | -21.2% |
| Deferred charges and accrued income | 490/1 | €6,337 | €5,312 | -€1,026 | -16.2% |
| Total equity and liabilities | 10/49 | €277,445 | €212,206 | -€65,240 | -23.5% |
| Equity | 10/15 | €140,252 | €135,926 | -€4,326 | -3.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €121,652 | €117,326 | -€4,326 | -3.6% |
| Distributable reserves | 133 | €121,652 | €117,326 | -€4,326 | -3.6% |
| Amounts payable | 17/49 | €137,193 | €76,280 | -€60,914 | -44.4% |
| Amounts payable after more than one year | 17 | - | €15,447 | +€15,447 | |
| Financial debts | 170/4 | - | €15,447 | +€15,447 | |
| Amounts payable within one year | 42/48 | €137,193 | €60,832 | -€76,361 | -55.7% |
| Current portion of amounts payable after more than one year | 42 | - | €3,688 | +€3,688 | |
| Trade debts | 44 | €18,683 | €13,801 | -€4,882 | -26.1% |
| Suppliers | 440/4 | €18,683 | €13,801 | -€4,882 | -26.1% |
| Taxes, remuneration and social security | 45 | €42,831 | €28,780 | -€14,052 | -32.8% |
| Taxes | 450/3 | €32,417 | €16,536 | -€15,881 | -49.0% |
| Remuneration and social security | 454/9 | €10,415 | €12,244 | +€1,829 | +17.6% |
| Other amounts payable | 47/48 | €75,679 | €14,564 | -€61,115 | -80.8% |
| Non-recurring operating income | 76A | €1,600 | €579 | -€1,021 | -63.8% |
| Remuneration, social security and pensions | 62 | €66,297 | €76,473 | +€10,177 | +15.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,388 | €11,345 | +€2,957 | +35.3% |
| Other operating charges | 640/8 | €4,235 | €589 | -€3,647 | -86.1% |
| Non-recurring operating charges | 66A | €3,206 | - | -€3,206 | |
| Gross operating margin | 9900 | €109,552 | €175,957 | +€66,405 | +60.6% |
| Operating profit (loss) | 9901 | €27,427 | €87,551 | +€60,124 | +219.2% |
| Financial income | 75/76B | €4,983 | €3,759 | -€1,223 | -24.6% |
| Recurring financial income | 75 | €4,983 | €3,759 | -€1,223 | -24.6% |
| Financial charges | 65/66B | €526 | €21,382 | +€20,856 | +3963.4% |
| Recurring financial charges | 65 | €526 | €734 | +€207 | +39.4% |
| Non-recurring financial charges | 66B | - | €20,649 | +€20,649 | |
| Profit (loss) for the period before taxes | 9903 | €31,883 | €69,927 | +€38,044 | +119.3% |
| Income taxes | 67/77 | €5,261 | €20,253 | +€14,992 | +285.0% |
| Profit (loss) for the period | 9904 | €26,622 | €49,674 | +€23,052 | +86.6% |
| Profit (loss) for the period to be appropriated | 9905 | €26,622 | €49,674 | +€23,052 | +86.6% |
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 12 October 2026 via checked.be.