T-DAK: 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.
T-DAK
Largest movements
- Receivables after one year -€60,000
down €60,000 (-33.3%), from €180,000 to €120,000
- Deferred charges and accrued income +€35,246
up €35,246 (+7,340%), from €480 to €35,727
- Cash +€3,391
up €3,391 (+23.1%), from €14,651 to €18,042
mainly Receivables after one year (+€60,000) and Net result for the year (+€10,834)
- Tangible fixed assets -€3,138
down €3,138 (-18.6%), from €16,865 to €13,728
of which Furniture and vehicles: -€2,178
- Receivables within one year +€3,018
up €3,018 (+5.2%), from €58,206 to €61,224
of which Trade receivables: +€15,282
- Reserves +€52,738
up €52,738 (+52.0%), from €101,410 to €154,148
- Profit (loss) carried forward -€41,904
no longer reported in 2025 (was €41,904)
- Trade debts -€20,092
down €20,092 (-40.2%), from €50,004 to €29,912
- Other debts -€16,345
down €16,345 (-42.9%), from €38,124 to €21,779
- Tax, wage and social debts +€7,085
new in 2025: €7,085
- Gross operating margin +€37,089
up €37,089, from -€14,981 to €22,108
- Financial income -€3,679
down €3,679 (-71.5%), from €5,149 to €1,470
- Depreciation -€2,811
down €2,811 (-47.3%), from €5,949 to €3,138
- Financial charges -€2,060
down €2,060 (-33.8%), from €6,091 to €4,031
- Taxes +€982
up €982 (+108%), from €912 to €1,894
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €270,202 | €248,720 | -€21,483 | -8.0% |
| Fixed assets | 21/28 | €16,865 | €13,728 | -€3,138 | -18.6% |
| Tangible fixed assets | 22/27 | €16,865 | €13,728 | -€3,138 | -18.6% |
| Land and buildings | 22 | €1,587 | €1,420 | -€167 | -10.5% |
| Plant, machinery and equipment | 23 | €12,545 | €11,752 | -€793 | -6.3% |
| Furniture and vehicles | 24 | €2,734 | €555 | -€2,178 | -79.7% |
| Current assets | 29/58 | €253,337 | €234,992 | -€18,345 | -7.2% |
| Amounts receivable after more than one year | 29 | €180,000 | €120,000 | -€60,000 | -33.3% |
| Other amounts receivable | 291 | €180,000 | €120,000 | -€60,000 | -33.3% |
| Amounts receivable within one year | 40/41 | €58,206 | €61,224 | +€3,018 | +5.2% |
| Trade receivables | 40 | €30,161 | €45,443 | +€15,282 | +50.7% |
| Other amounts receivable | 41 | €28,045 | €15,781 | -€12,264 | -43.7% |
| Cash at bank and in hand | 54/58 | €14,651 | €18,042 | +€3,391 | +23.1% |
| Deferred charges and accrued income | 490/1 | €480 | €35,727 | +€35,246 | +7,340% |
| Total equity and liabilities | 10/49 | €270,202 | €248,720 | -€21,483 | -8.0% |
| Equity | 10/15 | €149,314 | €160,148 | +€10,834 | +7.3% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €101,410 | €154,148 | +€52,738 | +52.0% |
| Distributable reserves | 133 | €101,410 | €154,148 | +€52,738 | +52.0% |
| Profit (loss) carried forward | 14 | €41,904 | - | -€41,904 | |
| Amounts payable | 17/49 | €120,888 | €88,572 | -€32,317 | -26.7% |
| Amounts payable within one year | 42/48 | €120,888 | €88,572 | -€32,317 | -26.7% |
| Financial debts | 43 | €7,884 | €4,920 | -€2,964 | -37.6% |
| Credit institutions | 430/8 | €7,884 | €4,920 | -€2,964 | -37.6% |
| Trade debts | 44 | €50,004 | €29,912 | -€20,092 | -40.2% |
| Suppliers | 440/4 | €50,004 | €29,912 | -€20,092 | -40.2% |
| Advances received on contracts in progress | 46 | €24,875 | €24,875 | = | 0.0% |
| Taxes, remuneration and social security | 45 | - | €7,085 | +€7,085 | |
| Taxes | 450/3 | - | €7,085 | +€7,085 | |
| Other amounts payable | 47/48 | €38,124 | €21,779 | -€16,345 | -42.9% |
| Non-recurring operating income | 76A | €60,500 | - | -€60,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,949 | €3,138 | -€2,811 | -47.3% |
| Other operating charges | 640/8 | €4,239 | €3,682 | -€558 | -13.2% |
| Gross operating margin | 9900 | -€14,981 | €22,108 | +€37,089 | |
| Operating profit (loss) | 9901 | -€25,169 | €15,289 | +€40,458 | |
| Financial income | 75/76B | €5,149 | €1,470 | -€3,679 | -71.5% |
| Recurring financial income | 75 | €5,149 | €1,470 | -€3,679 | -71.5% |
| Financial charges | 65/66B | €6,091 | €4,031 | -€2,060 | -33.8% |
| Recurring financial charges | 65 | €6,091 | €4,031 | -€2,060 | -33.8% |
| Profit (loss) for the period before taxes | 9903 | -€26,111 | €12,728 | +€38,839 | |
| Income taxes | 67/77 | €912 | €1,894 | +€982 | +108% |
| Profit (loss) for the period | 9904 | -€27,023 | €10,834 | +€37,857 | |
| Profit (loss) for the period to be appropriated | 9905 | -€27,023 | €10,834 | +€37,857 |
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 16 October 2026 via checked.be.