Dacar Projects: 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.
Dacar Projects
Largest movements
- Receivables within one year +€80,972
up €80,972 (+1,667%), from €4,856 to €85,828
of which Trade receivables: +€74,874
- Cash -€64,898
down €64,898 (-57.0%), from €113,882 to €48,983
mainly Contributions, distributions and other (-€172,673) and Receivables within one year (-€80,972)
- Tangible fixed assets -€13,262
down €13,262 (-4.0%), from €328,775 to €315,513
of which Other tangible fixed assets: -€12,953
- Reserves -€150,977
down €150,977 (-62.0%), from €243,360 to €92,383
of which Distributable reserves: -€150,977
- Other debts +€112,859
up €112,859 (+79.0%), from €142,793 to €255,652
- Tax, wage and social debts +€26,405
up €26,405 (+144%), from €18,359 to €44,763
of which Taxes: +€22,222
- Accrued charges and deferred income +€14,733
up €14,733 (+4,807%), from €307 to €15,040
- Gross operating margin +€24,684
up €24,684 (+19.8%), from €124,552 to €149,237
- Other operating charges -€17,253
down €17,253 (-83.3%), from €20,720 to €3,467
- Depreciation +€12,329
up €12,329 (+43.1%), from €28,633 to €40,963
- Taxes -€11,473
down €11,473 (-41.2%), from €27,869 to €16,396
- Staff costs +€10,129
up €10,129 (+26.8%), from €37,859 to €47,988
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 | €471,276 | €471,234 | -€43 | 0.0% |
| Fixed assets | 21/28 | €330,995 | €315,513 | -€15,482 | -4.7% |
| Intangible fixed assets | 21 | €2,220 | €0 | -€2,220 | -100% |
| Tangible fixed assets | 22/27 | €328,775 | €315,513 | -€13,262 | -4.0% |
| Land and buildings | 22 | €126,667 | €126,667 | = | 0.0% |
| Plant, machinery and equipment | 23 | €17,322 | €30,149 | +€12,827 | +74.0% |
| Furniture and vehicles | 24 | €31,567 | €18,659 | -€12,908 | -40.9% |
| Other tangible fixed assets | 26 | €146,574 | €133,620 | -€12,953 | -8.8% |
| Assets under construction and advance payments | 27 | €6,645 | €6,418 | -€227 | -3.4% |
| Current assets | 29/58 | €140,281 | €155,720 | +€15,439 | +11.0% |
| Stocks and contracts in progress | 3 | €10,652 | €13,884 | +€3,232 | +30.3% |
| Stocks | 30/36 | €10,652 | €13,884 | +€3,232 | +30.3% |
| Amounts receivable within one year | 40/41 | €4,856 | €85,828 | +€80,972 | +1,667% |
| Trade receivables | 40 | €4,856 | €79,730 | +€74,874 | +1,542% |
| Other amounts receivable | 41 | €0 | €6,098 | +€6,098 | |
| Cash at bank and in hand | 54/58 | €113,882 | €48,983 | -€64,898 | -57.0% |
| Deferred charges and accrued income | 490/1 | €10,891 | €7,025 | -€3,866 | -35.5% |
| Total equity and liabilities | 10/49 | €471,276 | €471,234 | -€43 | 0.0% |
| Equity | 10/15 | €305,360 | €154,383 | -€150,977 | -49.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €243,360 | €92,383 | -€150,977 | -62.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €237,160 | €86,183 | -€150,977 | -63.7% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €165,916 | €316,850 | +€150,934 | +91.0% |
| Amounts payable within one year | 42/48 | €165,609 | €301,811 | +€136,201 | +82.2% |
| Trade debts | 44 | €4,458 | €1,395 | -€3,063 | -68.7% |
| Suppliers | 440/4 | €4,458 | €1,395 | -€3,063 | -68.7% |
| Taxes, remuneration and social security | 45 | €18,359 | €44,763 | +€26,405 | +144% |
| Taxes | 450/3 | €7,804 | €30,027 | +€22,222 | +285% |
| Remuneration and social security | 454/9 | €10,554 | €14,737 | +€4,182 | +39.6% |
| Other amounts payable | 47/48 | €142,793 | €255,652 | +€112,859 | +79.0% |
| Accrued charges and deferred income | 492/3 | €307 | €15,040 | +€14,733 | +4,807% |
| Remuneration, social security and pensions | 62 | €37,859 | €47,988 | +€10,129 | +26.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,633 | €40,963 | +€12,329 | +43.1% |
| Other operating charges | 640/8 | €20,720 | €3,467 | -€17,253 | -83.3% |
| Gross operating margin | 9900 | €124,552 | €149,237 | +€24,684 | +19.8% |
| Operating profit (loss) | 9901 | €37,340 | €56,819 | +€19,479 | +52.2% |
| Financial income | 75/76B | €949 | €0 | -€949 | -100% |
| Recurring financial income | 75 | €949 | €0 | -€949 | -100% |
| Financial charges | 65/66B | €15,275 | €18,727 | +€3,452 | +22.6% |
| Recurring financial charges | 65 | €15,275 | €18,727 | +€3,452 | +22.6% |
| Profit (loss) for the period before taxes | 9903 | €23,013 | €38,092 | +€15,079 | +65.5% |
| Income taxes | 67/77 | €27,869 | €16,396 | -€11,473 | -41.2% |
| Profit (loss) for the period | 9904 | -€4,856 | €21,696 | +€26,552 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,856 | €21,696 | +€26,552 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.