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
- Receivables within one year +€142,907
up €142,907 (+32.8%), from €435,395 to €578,302
of which Trade receivables: +€143,048
- Tangible fixed assets -€112,255
down €112,255 (-32.8%), from €342,254 to €229,999
of which Plant, machinery and equipment: -€106,737
- Cash -€50,588
down €50,588 (-60.5%), from €83,604 to €33,016
mainly Receivables within one year (-€142,907) and Debts after one year (-€126,867)
- Debts after one year -€126,867
down €126,867 (-31.0%), from €409,359 to €282,492
- Profit (loss) carried forward +€96,731
up €96,731, from -€84,101 to €12,630
- Tax, wage and social debts +€18,303
up €18,303 (+184%), from €9,928 to €28,231
of which Remuneration and social security: +€12,334
- Gross operating margin +€112,408
up €112,408 (+72.3%), from €155,393 to €267,801
- Staff costs +€5,386
up €5,386 (+14.5%), from €37,060 to €42,446
- Depreciation -€4,645
down €4,645 (-4.0%), from €116,900 to €112,255
- Financial charges -€4,217
down €4,217 (-20.2%), from €20,928 to €16,711
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 | €865,187 | €845,509 | -€19,678 | -2.3% |
| Fixed assets | 21/28 | €342,379 | €230,124 | -€112,255 | -32.8% |
| Tangible fixed assets | 22/27 | €342,254 | €229,999 | -€112,255 | -32.8% |
| Land and buildings | 22 | €345 | - | -€345 | |
| Plant, machinery and equipment | 23 | €336,429 | €229,691 | -€106,737 | -31.7% |
| Furniture and vehicles | 24 | €5,480 | €307 | -€5,173 | -94.4% |
| Financial fixed assets | 28 | €125 | €125 | = | 0.0% |
| Current assets | 29/58 | €522,809 | €615,385 | +€92,576 | +17.7% |
| Stocks and contracts in progress | 3 | €2,895 | €3,516 | +€621 | +21.5% |
| Stocks | 30/36 | €2,895 | €3,516 | +€621 | +21.5% |
| Amounts receivable within one year | 40/41 | €435,395 | €578,302 | +€142,907 | +32.8% |
| Trade receivables | 40 | €427,730 | €570,778 | +€143,048 | +33.4% |
| Other amounts receivable | 41 | €7,665 | €7,524 | -€141 | -1.8% |
| Cash at bank and in hand | 54/58 | €83,604 | €33,016 | -€50,588 | -60.5% |
| Deferred charges and accrued income | 490/1 | €915 | €551 | -€363 | -39.7% |
| Total equity and liabilities | 10/49 | €865,187 | €845,509 | -€19,678 | -2.3% |
| Equity | 10/15 | -€63,650 | €33,081 | +€96,731 | |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€84,101 | €12,630 | +€96,731 | |
| Amounts payable | 17/49 | €928,837 | €812,428 | -€116,409 | -12.5% |
| Amounts payable after more than one year | 17 | €409,359 | €282,492 | -€126,867 | -31.0% |
| Financial debts | 170/4 | €409,359 | €282,492 | -€126,867 | -31.0% |
| Amounts payable within one year | 42/48 | €519,478 | €529,936 | +€10,459 | +2.0% |
| Current portion of amounts payable after more than one year | 42 | €106,564 | €106,010 | -€554 | -0.5% |
| Trade debts | 44 | €402,986 | €395,695 | -€7,290 | -1.8% |
| Suppliers | 440/4 | €402,986 | €395,695 | -€7,290 | -1.8% |
| Taxes, remuneration and social security | 45 | €9,928 | €28,231 | +€18,303 | +184% |
| Taxes | 450/3 | €6,361 | €12,330 | +€5,969 | +93.8% |
| Remuneration and social security | 454/9 | €3,567 | €15,901 | +€12,334 | +346% |
| Non-recurring operating income | 76A | €519 | - | -€519 | |
| Remuneration, social security and pensions | 62 | €37,060 | €42,446 | +€5,386 | +14.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €116,900 | €112,255 | -€4,645 | -4.0% |
| Other operating charges | 640/8 | €346 | €149 | -€197 | -57.0% |
| Gross operating margin | 9900 | €155,393 | €267,801 | +€112,408 | +72.3% |
| Operating profit (loss) | 9901 | €1,087 | €112,952 | +€111,864 | +10,290% |
| Financial income | 75/76B | €0 | €490 | +€490 | +108,882% |
| Recurring financial income | 75 | €0 | €490 | +€490 | +108,882% |
| Financial charges | 65/66B | €20,928 | €16,711 | -€4,217 | -20.2% |
| Recurring financial charges | 65 | €20,928 | €16,711 | -€4,217 | -20.2% |
| Profit (loss) for the period before taxes | 9903 | -€19,841 | €96,731 | +€116,571 | |
| Income taxes | 67/77 | -€165 | - | +€165 | |
| Profit (loss) for the period | 9904 | -€19,676 | €96,731 | +€116,406 | |
| Profit (loss) for the period to be appropriated | 9905 | -€19,676 | €96,731 | +€116,406 |
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 15 October 2026 via checked.be.