DN Asset Capital: what changed
DN Asset Capital
Largest movements
- Tangible fixed assets +€41,113
up €41,113 (+147%), from €27,942 to €69,055
of which Furniture and vehicles: +€39,681
- Cash +€21,226
up €21,226 (+3,644%), from €582 to €21,809
mainly Other debts (+€38,491) and Debts after one year (+€33,136)
- Receivables within one year +€8,789
up €8,789 (+206%), from €4,266 to €13,055
of which Trade receivables: +€8,636
- Deferred charges and accrued income +€2,440
up €2,440 (+29,977%), from €8 to €2,448
- Other debts +€38,491
up €38,491 (+238%), from €16,201 to €54,691
- Debts after one year +€33,136
new in 2025: €33,136
- Profit (loss) carried forward -€12,011
down €12,011 (-4,642%), from -€259 to -€12,270
- Current portion of long-term debt +€9,628
new in 2025: €9,628
- Trade debts +€6,004
up €6,004 (+88.8%), from €6,763 to €12,768
- Depreciation +€22,333
new in 2025: €22,333
- Gross operating margin +€14,231
up €14,231 (+1,464%), from €972 to €15,203
- Financial charges +€3,328
up €3,328 (+2,437%), from €137 to €3,464
- Other operating charges +€541
up €541 (+77.3%), from €700 to €1,240
- Taxes -€186
down €186 (-47.0%), from €395 to €209
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 | €33,298 | €106,867 | +€73,568 | +221% |
| Fixed assets | 21/28 | €28,442 | €69,555 | +€41,113 | +145% |
| Tangible fixed assets | 22/27 | €27,942 | €69,055 | +€41,113 | +147% |
| Plant, machinery and equipment | 23 | - | €29,373 | +€29,373 | |
| Furniture and vehicles | 24 | - | €39,681 | +€39,681 | |
| Assets under construction and advance payments | 27 | €27,942 | - | -€27,942 | |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €4,857 | €37,312 | +€32,455 | +668% |
| Amounts receivable within one year | 40/41 | €4,266 | €13,055 | +€8,789 | +206% |
| Trade receivables | 40 | €3,618 | €12,255 | +€8,636 | +239% |
| Other amounts receivable | 41 | €648 | €800 | +€152 | +23.5% |
| Cash at bank and in hand | 54/58 | €582 | €21,809 | +€21,226 | +3,644% |
| Deferred charges and accrued income | 490/1 | €8 | €2,448 | +€2,440 | +29,977% |
| Total equity and liabilities | 10/49 | €33,298 | €106,867 | +€73,568 | +221% |
| Equity | 10/15 | €741 | -€11,270 | -€12,011 | |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€259 | -€12,270 | -€12,011 | -4,642% |
| Amounts payable | 17/49 | €32,557 | €118,136 | +€85,579 | +263% |
| Amounts payable after more than one year | 17 | - | €33,136 | +€33,136 | |
| Financial debts | 170/4 | - | €33,136 | +€33,136 | |
| Amounts payable within one year | 42/48 | €32,557 | €85,001 | +€52,444 | +161% |
| Current portion of amounts payable after more than one year | 42 | - | €9,628 | +€9,628 | |
| Trade debts | 44 | €6,763 | €12,768 | +€6,004 | +88.8% |
| Suppliers | 440/4 | €6,763 | €12,768 | +€6,004 | +88.8% |
| Taxes, remuneration and social security | 45 | €9,593 | €7,914 | -€1,679 | -17.5% |
| Taxes | 450/3 | €9,593 | €6,193 | -€3,400 | -35.4% |
| Remuneration and social security | 454/9 | - | €1,721 | +€1,721 | |
| Other amounts payable | 47/48 | €16,201 | €54,691 | +€38,491 | +238% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €22,333 | +€22,333 | |
| Other operating charges | 640/8 | €700 | €1,240 | +€541 | +77.3% |
| Gross operating margin | 9900 | €972 | €15,203 | +€14,231 | +1,464% |
| Operating profit (loss) | 9901 | €273 | -€8,370 | -€8,643 | |
| Financial income | 75/76B | €0 | €33 | +€33 | +83,025% |
| Recurring financial income | 75 | €0 | €33 | +€33 | +83,025% |
| Financial charges | 65/66B | €137 | €3,464 | +€3,328 | +2,437% |
| Recurring financial charges | 65 | €137 | €3,464 | +€3,328 | +2,437% |
| Profit (loss) for the period before taxes | 9903 | €136 | -€11,802 | -€11,938 | |
| Income taxes | 67/77 | €395 | €209 | -€186 | -47.0% |
| Profit (loss) for the period | 9904 | -€259 | -€12,011 | -€11,752 | -4,542% |
| Profit (loss) for the period to be appropriated | 9905 | -€259 | -€12,011 | -€11,752 | -4,542% |
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 4 November 2026 via checked.be.