D.L.A.: 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.
D.L.A.
Largest movements
- Cash +€139,778
up €139,778 (+5076.7%), from €2,753 to €142,532
mainly Receivables within one year (+€93,935) and Net result for the year (+€91,590)
- Receivables within one year -€93,935
down €93,935 (-76.0%), from €123,622 to €29,687
of which Other amounts receivable: -€93,935
- Current investments -€30,000
down €30,000 (-100.0%), from €30,000 to €0
- Tangible fixed assets -€8,136
down €8,136 (-2.2%), from €364,673 to €356,537
of which Land and buildings: -€7,710
- Short-term financial debts -€78,393
down €78,393 (-100.0%), from €78,393 to €0
- Other debts +€55,000
up €55,000, from €0 to €55,000
- Profit (loss) carried forward +€36,590
up €36,590 (+32.2%), from €113,547 to €150,136
- Advances received -€7,000
down €7,000 (-100.0%), from €7,000 to €0
- Taxes -€53,493
down €53,493, from €30,388 to -€23,105
- Financial income +€23,282
up €23,282 (+92.7%), from €25,111 to €48,393
- Gross operating margin +€21,710
up €21,710 (+156.2%), from €13,900 to €35,610
- Other operating charges -€838
down €838 (-10.6%), from €7,892 to €7,054
- Financial charges +€408
up €408, from €0 to €408
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.
Cash bridge derived
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 | €523,262 | €530,969 | +€7,707 | +1.5% |
| Fixed assets | 21/28 | €366,886 | €358,750 | -€8,136 | -2.2% |
| Tangible fixed assets | 22/27 | €364,673 | €356,537 | -€8,136 | -2.2% |
| Land and buildings | 22 | €364,247 | €356,537 | -€7,710 | -2.1% |
| Plant, machinery and equipment | 23 | €426 | €0 | -€426 | -100.0% |
| Financial fixed assets | 28 | €2,213 | €2,213 | = | 0.0% |
| Current assets | 29/58 | €156,376 | €172,219 | +€15,843 | +10.1% |
| Amounts receivable within one year | 40/41 | €123,622 | €29,687 | -€93,935 | -76.0% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €123,622 | €29,687 | -€93,935 | -76.0% |
| Current investments | 50/53 | €30,000 | €0 | -€30,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €2,753 | €142,532 | +€139,778 | +5076.7% |
| Total equity and liabilities | 10/49 | €523,262 | €530,969 | +€7,707 | +1.5% |
| Equity | 10/15 | €431,450 | €467,960 | +€36,510 | +8.5% |
| Contributions | 10/11 | €0 | - | = | |
| Capital | 10 | €0 | - | = | |
| Issued capital | 100 | €0 | - | = | |
| Reserves | 13 | €317,903 | €317,823 | -€80 | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €546 | €466 | -€80 | -14.6% |
| Distributable reserves | 133 | €311,157 | €311,157 | = | 0.0% |
| Profit (loss) carried forward | 14 | €113,547 | €150,136 | +€36,590 | +32.2% |
| Amounts payable | 17/49 | €91,812 | €63,009 | -€28,803 | -31.4% |
| Amounts payable after more than one year | 17 | €1,167 | €1,167 | = | 0.0% |
| Other amounts payable | 178/9 | €1,167 | €1,167 | = | 0.0% |
| Amounts payable within one year | 42/48 | €90,645 | €61,842 | -€28,803 | -31.8% |
| Financial debts | 43 | €78,393 | €0 | -€78,393 | -100.0% |
| Credit institutions | 430/8 | €78,393 | €0 | -€78,393 | -100.0% |
| Trade debts | 44 | €0 | €2,981 | +€2,981 | |
| Suppliers | 440/4 | €0 | €2,981 | +€2,981 | |
| Advances received on contracts in progress | 46 | €7,000 | €0 | -€7,000 | -100.0% |
| Taxes, remuneration and social security | 45 | €5,253 | €3,861 | -€1,391 | -26.5% |
| Taxes | 450/3 | €5,253 | €3,861 | -€1,391 | -26.5% |
| Other amounts payable | 47/48 | €0 | €55,000 | +€55,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,196 | €8,136 | -€60 | -0.7% |
| Other operating charges | 640/8 | €7,892 | €7,054 | -€838 | -10.6% |
| Gross operating margin | 9900 | €13,900 | €35,610 | +€21,710 | +156.2% |
| Operating profit (loss) | 9901 | -€2,188 | €20,420 | +€22,608 | |
| Financial income | 75/76B | €25,111 | €48,393 | +€23,282 | +92.7% |
| Recurring financial income | 75 | €25,111 | €48,393 | +€23,282 | +92.7% |
| Financial charges | 65/66B | €0 | €408 | +€408 | |
| Recurring financial charges | 65 | €0 | €408 | +€408 | |
| Profit (loss) for the period before taxes | 9903 | €22,923 | €68,405 | +€45,482 | +198.4% |
| Transfer from deferred taxes | 780 | - | €80 | +€80 | |
| Income taxes | 67/77 | €30,388 | -€23,105 | -€53,493 | |
| Profit (loss) for the period | 9904 | -€7,465 | €91,590 | +€99,055 | |
| Transfer from tax-exempt reserves | 789 | €80 | - | -€80 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,385 | €91,590 | +€98,975 |
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 9 October 2026 via checked.be.