Da Lory: 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.
Da Lory
Largest movements
- Tangible fixed assets +€38,595
up €38,595 (+116%), from €33,130 to €71,725
of which Leasing and similar rights: +€26,841
- Receivables within one year -€23,199
down €23,199 (-45.2%), from €51,282 to €28,084
of which Trade receivables: -€14,752
- Cash -€13,270
down €13,270 (-19.3%), from €68,648 to €55,379
mainly Investment in fixed assets (net) (-€49,611) and Other debts (-€40,184)
- Stocks and contracts +€5,646
up €5,646 (+121%), from €4,678 to €10,324
- Intangible fixed assets -€2,200
down €2,200 (-33.3%), from €6,600 to €4,400
- Other debts -€40,184
down €40,184 (-51.1%), from €78,620 to €38,436
- Debts after one year +€17,022
new in 2025: €17,022
- Trade debts +€12,030
up €12,030 (+26.5%), from €45,438 to €57,468
- Tax, wage and social debts +€6,426
up €6,426 (+100%), from €6,410 to €12,836
of which Taxes: +€3,404
- Profit (loss) carried forward +€5,454
up €5,454 (+37.8%), from €14,423 to €19,877
- Staff costs +€47,985
up €47,985 (+140%), from €34,306 to €82,291
- Gross operating margin +€14,437
up €14,437 (+12.6%), from €114,509 to €128,946
- Depreciation +€4,031
up €4,031 (+43.9%), from €9,184 to €13,216
- Other operating charges +€3,371
up €3,371 (+453%), from €745 to €4,116
- Taxes -€2,546
down €2,546 (-50.3%), from €5,062 to €2,516
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 | €165,351 | €170,356 | +€5,005 | +3.0% |
| Fixed assets | 21/28 | €39,730 | €76,125 | +€36,395 | +91.6% |
| Intangible fixed assets | 21 | €6,600 | €4,400 | -€2,200 | -33.3% |
| Tangible fixed assets | 22/27 | €33,130 | €71,725 | +€38,595 | +116% |
| Plant, machinery and equipment | 23 | €3,003 | €3,050 | +€47 | +1.6% |
| Leasing and similar rights | 25 | - | €26,841 | +€26,841 | |
| Other tangible fixed assets | 26 | €30,127 | €41,834 | +€11,707 | +38.9% |
| Current assets | 29/58 | €125,621 | €94,231 | -€31,390 | -25.0% |
| Stocks and contracts in progress | 3 | €4,678 | €10,324 | +€5,646 | +121% |
| Stocks | 30/36 | €4,678 | €10,324 | +€5,646 | +121% |
| Amounts receivable within one year | 40/41 | €51,282 | €28,084 | -€23,199 | -45.2% |
| Trade receivables | 40 | €39,761 | €25,010 | -€14,752 | -37.1% |
| Other amounts receivable | 41 | €11,521 | €3,074 | -€8,447 | -73.3% |
| Cash at bank and in hand | 54/58 | €68,648 | €55,379 | -€13,270 | -19.3% |
| Deferred charges and accrued income | 490/1 | €1,013 | €444 | -€568 | -56.1% |
| Total equity and liabilities | 10/49 | €165,351 | €170,356 | +€5,005 | +3.0% |
| Equity | 10/15 | €34,883 | €40,337 | +€5,454 | +15.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,423 | €19,877 | +€5,454 | +37.8% |
| Amounts payable | 17/49 | €130,467 | €130,019 | -€449 | -0.3% |
| Amounts payable after more than one year | 17 | - | €17,022 | +€17,022 | |
| Financial debts | 170/4 | - | €17,022 | +€17,022 | |
| Amounts payable within one year | 42/48 | €130,467 | €112,996 | -€17,471 | -13.4% |
| Current portion of amounts payable after more than one year | 42 | - | €4,257 | +€4,257 | |
| Trade debts | 44 | €45,438 | €57,468 | +€12,030 | +26.5% |
| Suppliers | 440/4 | €45,438 | €57,468 | +€12,030 | +26.5% |
| Taxes, remuneration and social security | 45 | €6,410 | €12,836 | +€6,426 | +100% |
| Taxes | 450/3 | €3,078 | €6,482 | +€3,404 | +111% |
| Remuneration and social security | 454/9 | €3,332 | €6,354 | +€3,022 | +90.7% |
| Other amounts payable | 47/48 | €78,620 | €38,436 | -€40,184 | -51.1% |
| Remuneration, social security and pensions | 62 | €34,306 | €82,291 | +€47,985 | +140% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,184 | €13,216 | +€4,031 | +43.9% |
| Other operating charges | 640/8 | €745 | €4,116 | +€3,371 | +453% |
| Gross operating margin | 9900 | €114,509 | €128,946 | +€14,437 | +12.6% |
| Operating profit (loss) | 9901 | €70,274 | €29,324 | -€40,950 | -58.3% |
| Financial income | 75/76B | €499 | €1 | -€498 | -99.8% |
| Recurring financial income | 75 | €499 | €1 | -€498 | -99.8% |
| Financial charges | 65/66B | €1,288 | €1,355 | +€67 | +5.2% |
| Recurring financial charges | 65 | €1,288 | €1,355 | +€67 | +5.2% |
| Profit (loss) for the period before taxes | 9903 | €69,485 | €27,970 | -€41,515 | -59.7% |
| Income taxes | 67/77 | €5,062 | €2,516 | -€2,546 | -50.3% |
| Profit (loss) for the period | 9904 | €64,423 | €25,454 | -€38,969 | -60.5% |
| Profit (loss) for the period to be appropriated | 9905 | €64,423 | €25,454 | -€38,969 | -60.5% |
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 17 October 2026 via checked.be.