2025: Financial Review
Treasurer’s Report
The balance sheet, income statement, and auditors’ reports presented in this Financial Report are a summary of the 2025 Financial Reports, which have been approved in their detailed form by the DAISY Consortium Finance Committee.
The Consortium finished the year with a $3,000 deficit. Our major sources of income continue to be split between membership and other sources. This year, the team secured additional sources of income from diverse sources. Securing long-term, high-value commitments from organizations remains a financial priority.
The deficit has decreased significantly from last year, which is an encouraging development. DAISY has reserves to support continued operations, and the team continues to work hard to balance the budget annually. The management team is developing a medium-term strategy to diversify income, achieve a sustainable budget, and build long-term financial resilience.
Alice O’Reilly
DAISY Consortium Treasurer
Independent Auditor’s Report
Report of the statutory auditors to the General Meeting of the DAISY Consortium
As statutory auditors, we have audited the accounting records and the financial statements (balance sheet and income statement) of DAISY Consortium for the year ended December 31st,2025
These financial statements are the responsibility of the board of management. Our responsibility is to express an opinion on these financial statements based on our audit. We confirm that we meet the legal requirements concerning professional qualification and independence.
Our audit was conducted in accordance with auditing standards promulgated by the Swiss profession, which require that an audit be planned and performed to obtain reasonable assurance about whether the financial statements are free from material misstatement. We have examined on a test basis evidence supporting the amounts and disclosures in the financial statements. We have also assessed the accounting principles used, significant estimates made and the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion.
In our opinion, the accounting records and financial statements comply with Swiss law and the company’s articles of association.
We recommend that the financial statements submitted to you be approved.
Zürich, March 30,2026
BETSCHON TREUHAND AG
Christian Schmid
Auditor in Charge
Information on the principles applied in the financial statements
The financial statements are made under the provisions of the Swiss Accounting legislation, (Title 32 of the Code of Obligations OR) in particular the article on the account books and accounting of Swiss Accounting law (OR Art. 957-962).
Balance sheet and income statement are expressed in United States Dollars, rounded to the nearest thousand.
Balance Sheet as at 31st December 2025
| ITEM | 2025 | 2024 |
| ASSETS | ||
| Bank | 458 | 393 |
| Accounts receivable | 26 | 61 |
| Accrued income | -35 | -7 |
| Current Assets | 449 | 447 |
| Capital assets | 0 | 0 |
| Fixed assets | 0 | 0 |
| TOTAL ASSETS | 449 | 447 |
| LIABILITIES | ||
| Accounts Payable | 18 | 16 |
| Accruals | 14 | 11 |
| LIABILITIES | 32 | 27 |
| Capital reserve | 420 | 567 |
| Strategic reserve | -3 | -147 |
| Equity | 417 | 420 |
| TOTAL LIABILITIES | 449 | 447 |
Operating Income and Expense 2025 – Summary
| ITEM | 2025 | 2024 |
| INCOME | ||
| Full members | 629 | 561 |
| Associate members | 60 | 73 |
| Friends | 181 | 101 |
| Total membership Fees | 870 | 735 |
| Technical Training and Capacity Building | 144 | 127 |
| Tools and Standards | 101 | 160 |
| Other Projects and Miscellaneous | 87 | 93 |
| Earned Interest | 8 | 6 |
| Total Additional Income | 340 | 386 |
| TOTAL INCOME | 1,210 | 1,121 |
| EXPENSE | ||
| People costs | 937 | 939 |
| Technical Standards | 4 | 3 |
| Reference Implementations | 25 | 24 |
| Training and Technical Support | 46 | 98 |
| Non-Technical Standards | 3 | 4 |
| Member Services | 40 | 51 |
| Communication and Marketing | 37 | 36 |
| Board Meetings costs | 63 | 49 |
| Other Operational Costs | 29 | 44 |
| Membership Fees paid | 16 | 14 |
| Bad Debts written off | 13 | 6 |
| TOTAL EXPENSE | 1,213 | 1,268 |
| BALANCE | -3 | -147 |
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