DAZO: 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.
DAZO
Largest movements
- Cash +€72,894
up €72,894 (+50.0%), from €145,796 to €218,690
mainly Net result for the year (+€81,881) and Receivables within one year (+€11,823)
- Receivables within one year -€11,823
down €11,823 (-18.9%), from €62,590 to €50,767
of which Trade receivables: -€11,084
- Deferred charges and accrued income +€8,433
up €8,433 (+23.2%), from €36,271 to €44,704
- Tangible fixed assets -€4,387
down €4,387 (-21.3%), from €20,581 to €16,194
of which Furniture and vehicles: -€4,634
- Reserves +€81,881
up €81,881 (+31.9%), from €256,784 to €338,665
- Tax, wage and social debts -€11,332
down €11,332 (-53.5%), from €21,183 to €9,851
- Other debts -€4,016
down €4,016 (-100.0%), from €4,016 to €0
- Gross operating margin +€31,076
up €31,076 (+32.7%), from €94,982 to €126,059
- Taxes +€9,260
up €9,260 (+30.1%), from €30,813 to €40,073
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 | €290,238 | €355,355 | +€65,116 | +22.4% |
| Fixed assets | 21/28 | €20,581 | €16,194 | -€4,387 | -21.3% |
| Tangible fixed assets | 22/27 | €20,581 | €16,194 | -€4,387 | -21.3% |
| Furniture and vehicles | 24 | €18,261 | €13,627 | -€4,634 | -25.4% |
| Other tangible fixed assets | 26 | €2,320 | €2,567 | +€246 | +10.6% |
| Current assets | 29/58 | €269,657 | €339,161 | +€69,504 | +25.8% |
| Amounts receivable after more than one year | 29 | €25,000 | €25,000 | = | 0.0% |
| Other amounts receivable | 291 | €25,000 | €25,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €62,590 | €50,767 | -€11,823 | -18.9% |
| Trade receivables | 40 | €42,859 | €31,775 | -€11,084 | -25.9% |
| Other amounts receivable | 41 | €19,731 | €18,992 | -€739 | -3.7% |
| Cash at bank and in hand | 54/58 | €145,796 | €218,690 | +€72,894 | +50.0% |
| Deferred charges and accrued income | 490/1 | €36,271 | €44,704 | +€8,433 | +23.2% |
| Total equity and liabilities | 10/49 | €290,238 | €355,355 | +€65,116 | +22.4% |
| Equity | 10/15 | €262,984 | €344,865 | +€81,881 | +31.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €256,784 | €338,665 | +€81,881 | +31.9% |
| Distributable reserves | 133 | €256,784 | €338,665 | +€81,881 | +31.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €27,255 | €10,490 | -€16,765 | -61.5% |
| Amounts payable within one year | 42/48 | €26,804 | €10,447 | -€16,356 | -61.0% |
| Trade debts | 44 | €1,604 | €597 | -€1,008 | -62.8% |
| Suppliers | 440/4 | €1,604 | €597 | -€1,008 | -62.8% |
| Taxes, remuneration and social security | 45 | €21,183 | €9,851 | -€11,332 | -53.5% |
| Taxes | 450/3 | €21,183 | €9,851 | -€11,332 | -53.5% |
| Other amounts payable | 47/48 | €4,016 | €0 | -€4,016 | -100.0% |
| Accrued charges and deferred income | 492/3 | €451 | €43 | -€408 | -90.5% |
| Non-recurring operating income | 76A | €28,411 | €0 | -€28,411 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,555 | €5,408 | -€147 | -2.6% |
| Other operating charges | 640/8 | €451 | €400 | -€51 | -11.3% |
| Gross operating margin | 9900 | €94,982 | €126,059 | +€31,076 | +32.7% |
| Operating profit (loss) | 9901 | €88,977 | €120,251 | +€31,274 | +35.1% |
| Financial income | 75/76B | €2,909 | €2,288 | -€621 | -21.4% |
| Recurring financial income | 75 | €2,909 | €2,288 | -€621 | -21.4% |
| Financial charges | 65/66B | €208 | €584 | +€376 | +181.2% |
| Recurring financial charges | 65 | €208 | €584 | +€376 | +181.2% |
| Profit (loss) for the period before taxes | 9903 | €91,678 | €121,954 | +€30,276 | +33.0% |
| Income taxes | 67/77 | €30,813 | €40,073 | +€9,260 | +30.1% |
| Profit (loss) for the period | 9904 | €60,865 | €81,881 | +€21,016 | +34.5% |
| Profit (loss) for the period to be appropriated | 9905 | €60,865 | €81,881 | +€21,016 | +34.5% |
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 28 September 2026 via checked.be.