HOLDING DANEELS: 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.
What changed
HOLDING DANEELS
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€1.5m
2024 · -€234,356-€1.2m
Equity
-€349,219
2024 · €1.1m-€1.5m
Cash
€30
2024 · €30+€0
Balance sheet total
€9.0m
2024 · €9.3m-€327,288
Largest movements
Assets
- Receivables within one year -€309,365
down €309,365 (-11.9%), from €2.6m to €2.3m
of which Other amounts receivable: -€866,062
Equity and liabilities
- Debts after one year +€1.8m
up €1.8m, from €0 to €1.8m
- Profit (loss) carried forward -€1.5m
down €1.5m (-71.0%), from -€2.1m to -€3.5m
- Other debts -€651,849
down €651,849 (-9.3%), from €7.0m to €6.4m
Income statement
- Gross operating margin +€189,064
up €189,064 (+61.0%), from €309,871 to €498,934
- Financial income -€112,755
down €112,755 (-100.0%), from €112,755 to €0
- Financial charges +€75,145
up €75,145 (+146%), from €51,417 to €126,562
of which Financial charges: +€76,624
- Depreciation -€32,413
down €32,413 (-40.5%), from €80,130 to €47,717
- Staff costs +€16,332
up €16,332 (+3.1%), from €522,179 to €538,511
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.
Result 2024
-€234,356
Gross operating margin
+€189,064
Staff costs
-€16,332
Depreciation
+€32,413
Other operating charges
+€857
Other operating items
-€1.3m
Financial income
-€112,755
Financial charges
-€75,145
Taxes
-€23
Result 2025
-€1.5m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
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.
From operations
-€1.7m
Investment
+€1,000
Financing
+€1.7m
Cash 2024
€30
From operations (derived)
-€1.7m
Net result for the year
-€1.5m
Depreciation
+€47,717
Receivables within one year
+€309,365
Deferred charges and accrued income
-€30,794
Trade debts
+€49,338
Tax, wage and social debts
+€16,694
Other debts
-€651,849
Investment (derived)
+€1,000
Investment in fixed assets (net)
+€1,000
Financing
+€1.7m
Debts after one year
+€1.8m
Current portion of long-term debt
-€80,791
Contributions, distributions and other
+€0
Cash 2025
€30
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,288,951 | €8,961,663 | -€327,288 | -3.5% |
| Fixed assets | 21/28 | €6,597,513 | €6,548,796 | -€48,717 | -0.7% |
| Intangible fixed assets | 21 | €34,536 | €0 | -€34,536 | -100% |
| Tangible fixed assets | 22/27 | €38,729 | €25,548 | -€13,181 | -34.0% |
| Furniture and vehicles | 24 | €38,729 | €25,548 | -€13,181 | -34.0% |
| Financial fixed assets | 28 | €6,524,248 | €6,523,248 | -€1,000 | 0.0% |
| Current assets | 29/58 | €2,691,438 | €2,412,867 | -€278,571 | -10.4% |
| Amounts receivable within one year | 40/41 | €2,589,474 | €2,280,109 | -€309,365 | -11.9% |
| Trade receivables | 40 | €1,723,411 | €2,280,109 | +€556,697 | +32.3% |
| Other amounts receivable | 41 | €866,062 | €0 | -€866,062 | -100% |
| Cash at bank and in hand | 54/58 | €30 | €30 | +€0 | +0.4% |
| Deferred charges and accrued income | 490/1 | €101,935 | €132,729 | +€30,794 | +30.2% |
| Total equity and liabilities | 10/49 | €9,288,951 | €8,961,663 | -€327,288 | -3.5% |
| Equity | 10/15 | €1,121,729 | -€349,219 | -€1.5m | |
| Contributions | 10/11 | €385,255 | €385,255 | = | 0.0% |
| Capital | 10 | €385,255 | €385,255 | = | 0.0% |
| Issued capital | 100 | €385,255 | €385,255 | = | 0.0% |
| Reserves | 13 | €2,809,653 | €2,809,653 | = | 0.0% |
| Non-distributable reserves | 130/1 | €167,750 | €167,750 | = | 0.0% |
| Legal reserve | 130 | €167,750 | €167,750 | = | 0.0% |
| Distributable reserves | 133 | €2,641,903 | €2,641,903 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,073,179 | -€3,544,127 | -€1.5m | -71.0% |
| Amounts payable | 17/49 | €8,167,222 | €9,310,882 | +€1.1m | +14.0% |
| Amounts payable after more than one year | 17 | €0 | €1,810,268 | +€1.8m | |
| Financial debts | 170/4 | €0 | €1,810,268 | +€1.8m | |
| Amounts payable within one year | 42/48 | €8,167,222 | €7,500,614 | -€666,608 | -8.2% |
| Current portion of amounts payable after more than one year | 42 | €80,791 | €0 | -€80,791 | -100% |
| Trade debts | 44 | €1,003,824 | €1,053,163 | +€49,338 | +4.9% |
| Suppliers | 440/4 | €1,003,824 | €1,053,163 | +€49,338 | +4.9% |
| Taxes, remuneration and social security | 45 | €66,719 | €83,414 | +€16,694 | +25.0% |
| Taxes | 450/3 | €5,607 | €20,436 | +€14,829 | +264% |
| Remuneration and social security | 454/9 | €61,112 | €62,978 | +€1,865 | +3.1% |
| Other amounts payable | 47/48 | €7,015,887 | €6,364,038 | -€651,849 | -9.3% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €522,179 | €538,511 | +€16,332 | +3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €80,130 | €47,717 | -€32,413 | -40.5% |
| Other operating charges | 640/8 | €2,714 | €1,857 | -€857 | -31.6% |
| Non-recurring operating charges | 66A | - | €1,254,671 | +€1.3m | |
| Gross operating margin | 9900 | €309,871 | €498,934 | +€189,064 | +61.0% |
| Operating profit (loss) | 9901 | -€295,153 | -€1,343,822 | -€1.0m | -355% |
| Financial income | 75/76B | €112,755 | €0 | -€112,755 | -100.0% |
| Recurring financial income | 75 | €112,755 | €0 | -€112,755 | -100.0% |
| Financial charges | 65/66B | €51,417 | €126,562 | +€75,145 | +146% |
| Recurring financial charges | 65 | €48,938 | €125,562 | +€76,624 | +157% |
| Non-recurring financial charges | 66B | €2,479 | €1,000 | -€1,479 | -59.7% |
| Profit (loss) for the period before taxes | 9903 | -€233,815 | -€1,470,384 | -€1.2m | -529% |
| Income taxes | 67/77 | €541 | €564 | +€23 | +4.3% |
| Profit (loss) for the period | 9904 | -€234,356 | -€1,470,948 | -€1.2m | -528% |
| Profit (loss) for the period to be appropriated | 9905 | -€234,356 | -€1,470,948 | -€1.2m | -528% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.