D.L. INTERNATIONAL: 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.
What changed
D.L. INTERNATIONAL
NACE 49.410, Freight transport by road
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€312,060
2024 · €219,385+€92,675
Equity
€2.3m
2024 · €2.4m-€37,940
Cash
€1.8m
2024 · €924,962+€861,644
Balance sheet total
€2.8m
2024 · €2.6m+€287,100
Largest movements
Assets
- Cash +€861,644
up €861,644 (+93.2%), from €924,962 to €1.8m
mainly Current investments (+€750,000) and Other debts (+€332,500)
- Current investments -€750,000
no longer reported in 2025 (was €750,000)
- Tangible fixed assets +€174,533
up €174,533 (+22.1%), from €790,550 to €965,083
of which Furniture and vehicles: +€229,200
Equity and liabilities
- Other debts +€332,500
new in 2025: €332,500
- Profit (loss) carried forward -€54,940
down €54,940 (-66.3%), from €82,883 to €27,943
Income statement
- Staff costs -€65,255
down €65,255 (-21.3%), from €306,717 to €241,462
- Depreciation +€40,851
up €40,851 (+20.4%), from €200,715 to €241,566
- Taxes -€36,952
down €36,952 (-43.2%), from €85,489 to €48,537
- Gross operating margin +€35,889
up €35,889 (+4.5%), from €804,991 to €840,880
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.
Result 2024
€219,385
Gross operating margin
+€35,889
Staff costs
+€65,255
Depreciation
-€40,851
Other operating charges
-€1,145
Financial income
-€3,970
Financial charges
+€545
Taxes
+€36,952
Result 2025
€312,060
raises the resultlowers the result
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.
From operations
+€898,632
Investment
+€333,902
Financing
-€370,890
Cash 2024
€924,962
From operations (derived)
+€898,632
Net result for the year
+€312,060
Depreciation
+€241,566
Smaller working-capital items
-€35
Deferred charges and accrued income
-€2,675
Trade debts
+€23,157
Tax, wage and social debts
-€7,941
Other debts
+€332,500
Investment (derived)
+€333,902
Investment in fixed assets (net)
-€416,098
Current investments
+€750,000
Financing
-€370,890
Debts after one year
-€21,176
Current portion of long-term debt
+€287
Contributions, distributions and other
-€350,000
Cash 2025
€1.8m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,550,546 | €2,837,646 | +€287,100 | +11.3% |
| Fixed assets | 21/28 | €790,550 | €965,083 | +€174,533 | +22.1% |
| Tangible fixed assets | 22/27 | €790,550 | €965,083 | +€174,533 | +22.1% |
| Land and buildings | 22 | €444,740 | €389,409 | -€55,332 | -12.4% |
| Plant, machinery and equipment | 23 | €5,775 | €6,439 | +€664 | +11.5% |
| Furniture and vehicles | 24 | €340,035 | €569,236 | +€229,200 | +67.4% |
| Current assets | 29/58 | €1,759,996 | €1,872,563 | +€112,567 | +6.4% |
| Amounts receivable within one year | 40/41 | €82,309 | €80,557 | -€1,752 | -2.1% |
| Trade receivables | 40 | €69,944 | €68,210 | -€1,734 | -2.5% |
| Other amounts receivable | 41 | €12,365 | €12,347 | -€18 | -0.1% |
| Current investments | 50/53 | €750,000 | - | -€750,000 | |
| Cash at bank and in hand | 54/58 | €924,962 | €1,786,606 | +€861,644 | +93.2% |
| Deferred charges and accrued income | 490/1 | €2,725 | €5,400 | +€2,675 | +98.2% |
| Total equity and liabilities | 10/49 | €2,550,546 | €2,837,646 | +€287,100 | +11.3% |
| Equity | 10/15 | €2,380,318 | €2,342,379 | -€37,940 | -1.6% |
| Contributions | 10/11 | €81,805 | €81,805 | = | 0.0% |
| Capital | 10 | €81,805 | €81,805 | = | 0.0% |
| Issued capital | 100 | €81,805 | €81,805 | = | 0.0% |
| Reserves | 13 | €2,215,631 | €2,232,631 | +€17,000 | +0.8% |
| Non-distributable reserves | 130/1 | €8,180 | €8,180 | = | 0.0% |
| Legal reserve | 130 | €8,180 | €8,180 | = | 0.0% |
| Tax-exempt reserves | 132 | €257,450 | €424,450 | +€167,000 | +64.9% |
| Distributable reserves | 133 | €1,950,000 | €1,800,000 | -€150,000 | -7.7% |
| Profit (loss) carried forward | 14 | €82,883 | €27,943 | -€54,940 | -66.3% |
| Amounts payable | 17/49 | €170,228 | €495,267 | +€325,040 | +191% |
| Amounts payable after more than one year | 17 | €86,401 | €65,225 | -€21,176 | -24.5% |
| Financial debts | 170/4 | €86,401 | €65,225 | -€21,176 | -24.5% |
| Amounts payable within one year | 42/48 | €80,998 | €429,001 | +€348,003 | +430% |
| Current portion of amounts payable after more than one year | 42 | €20,890 | €21,176 | +€287 | +1.4% |
| Trade debts | 44 | €16,250 | €39,407 | +€23,157 | +142% |
| Suppliers | 440/4 | €16,250 | €39,407 | +€23,157 | +142% |
| Taxes, remuneration and social security | 45 | €43,858 | €35,918 | -€7,941 | -18.1% |
| Taxes | 450/3 | €11,725 | €12,165 | +€439 | +3.7% |
| Remuneration and social security | 454/9 | €32,133 | €23,753 | -€8,380 | -26.1% |
| Other amounts payable | 47/48 | - | €332,500 | +€332,500 | |
| Accrued charges and deferred income | 492/3 | €2,828 | €1,042 | -€1,787 | -63.2% |
| Non-recurring operating income | 76A | - | €172,372 | +€172,372 | |
| Remuneration, social security and pensions | 62 | €306,717 | €241,462 | -€65,255 | -21.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €200,715 | €241,566 | +€40,851 | +20.4% |
| Other operating charges | 640/8 | €14,237 | €15,382 | +€1,145 | +8.0% |
| Gross operating margin | 9900 | €804,991 | €840,880 | +€35,889 | +4.5% |
| Operating profit (loss) | 9901 | €283,323 | €342,471 | +€59,148 | +20.9% |
| Financial income | 75/76B | €25,757 | €21,787 | -€3,970 | -15.4% |
| Recurring financial income | 75 | €25,757 | €21,787 | -€3,970 | -15.4% |
| Financial charges | 65/66B | €4,205 | €3,660 | -€545 | -13.0% |
| Recurring financial charges | 65 | €4,205 | €3,660 | -€545 | -13.0% |
| Profit (loss) for the period before taxes | 9903 | €304,875 | €360,598 | +€55,723 | +18.3% |
| Income taxes | 67/77 | €85,489 | €48,537 | -€36,952 | -43.2% |
| Profit (loss) for the period | 9904 | €219,385 | €312,060 | +€92,675 | +42.2% |
| Transfer to tax-exempt reserves | 689 | - | €167,000 | +€167,000 | |
| Profit (loss) for the period to be appropriated | 9905 | €219,385 | €145,060 | -€74,325 | -33.9% |
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 1 November 2026 via checked.be.