DAELS: what changed
Two fiscal 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.
DAELS
Largest movements
- Cash +€194,775
up €194,775 (+39.2%), from €496,252 to €691,027
mainly Net result for the year (+€185,443) and Tax, wage and social debts (+€42,835)
- Tangible fixed assets +€33,039
up €33,039 (+63.4%), from €52,133 to €85,172
of which Furniture and vehicles: +€34,098
- Receivables within one year +€29,522
up €29,522 (+21.9%), from €134,616 to €164,138
of which Trade receivables: +€26,577
- Reserves +€185,443
up €185,443 (+34.8%), from €533,181 to €718,624
of which Distributable reserves: +€181,067
- Tax, wage and social debts +€42,835
up €42,835 (+526.1%), from €8,142 to €50,977
of which Taxes: +€39,127
- Other debts +€15,903
up €15,903 (+17.4%), from €91,352 to €107,255
- Gross operating margin +€177,970
up €177,970 (+91.2%), from €195,042 to €373,012
- Taxes +€54,727
up €54,727 (+193.7%), from €28,252 to €82,979
- Depreciation +€13,232
up €13,232 (+72.5%), from €18,260 to €31,492
- Staff costs +€4,667
up €4,667 (+7.4%), from €63,264 to €67,930
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 | €698,648 | €949,618 | +€250,970 | +35.9% |
| Fixed assets | 21/28 | €52,133 | €85,172 | +€33,039 | +63.4% |
| Tangible fixed assets | 22/27 | €52,133 | €85,172 | +€33,039 | +63.4% |
| Plant, machinery and equipment | 23 | €1,610 | €551 | -€1,059 | -65.8% |
| Furniture and vehicles | 24 | €50,523 | €84,621 | +€34,098 | +67.5% |
| Current assets | 29/58 | €646,515 | €864,446 | +€217,931 | +33.7% |
| Stocks and contracts in progress | 3 | €7,040 | €2,351 | -€4,689 | -66.6% |
| Stocks | 30/36 | €7,040 | €2,351 | -€4,689 | -66.6% |
| Amounts receivable within one year | 40/41 | €134,616 | €164,138 | +€29,522 | +21.9% |
| Trade receivables | 40 | €133,933 | €160,511 | +€26,577 | +19.8% |
| Other amounts receivable | 41 | €683 | €3,627 | +€2,945 | +431.3% |
| Cash at bank and in hand | 54/58 | €496,252 | €691,027 | +€194,775 | +39.2% |
| Deferred charges and accrued income | 490/1 | €8,607 | €6,931 | -€1,676 | -19.5% |
| Total equity and liabilities | 10/49 | €698,648 | €949,618 | +€250,970 | +35.9% |
| Equity | 10/15 | €551,731 | €737,174 | +€185,443 | +33.6% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €533,181 | €718,624 | +€185,443 | +34.8% |
| Tax-exempt reserves | 132 | €8,000 | €12,376 | +€4,376 | +54.7% |
| Distributable reserves | 133 | €525,181 | €706,248 | +€181,067 | +34.5% |
| Provisions and deferred taxes | 16 | €2,000 | €3,094 | +€1,094 | +54.7% |
| Deferred taxes | 168 | €2,000 | €3,094 | +€1,094 | +54.7% |
| Amounts payable | 17/49 | €144,917 | €209,350 | +€64,433 | +44.5% |
| Amounts payable within one year | 42/48 | €141,620 | €203,326 | +€61,706 | +43.6% |
| Trade debts | 44 | €42,126 | €45,094 | +€2,968 | +7.0% |
| Suppliers | 440/4 | €42,126 | €45,094 | +€2,968 | +7.0% |
| Taxes, remuneration and social security | 45 | €8,142 | €50,977 | +€42,835 | +526.1% |
| Taxes | 450/3 | €6,918 | €46,045 | +€39,127 | +565.6% |
| Remuneration and social security | 454/9 | €1,224 | €4,932 | +€3,708 | +302.9% |
| Other amounts payable | 47/48 | €91,352 | €107,255 | +€15,903 | +17.4% |
| Accrued charges and deferred income | 492/3 | €3,297 | €6,024 | +€2,727 | +82.7% |
| Non-recurring operating income | 76A | €10,000 | €8,250 | -€1,750 | -17.5% |
| Remuneration, social security and pensions | 62 | €63,264 | €67,930 | +€4,667 | +7.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,260 | €31,492 | +€13,232 | +72.5% |
| Other operating charges | 640/8 | €902 | €997 | +€96 | +10.6% |
| Gross operating margin | 9900 | €195,042 | €373,012 | +€177,970 | +91.2% |
| Operating profit (loss) | 9901 | €112,616 | €272,591 | +€159,975 | +142.1% |
| Financial income | 75/76B | €2,597 | €3,105 | +€508 | +19.5% |
| Recurring financial income | 75 | €2,597 | €3,105 | +€508 | +19.5% |
| Financial charges | 65/66B | €3,683 | €6,181 | +€2,497 | +67.8% |
| Recurring financial charges | 65 | €3,683 | €6,181 | +€2,497 | +67.8% |
| Profit (loss) for the period before taxes | 9903 | €111,530 | €269,515 | +€157,985 | +141.7% |
| Transfer from deferred taxes | 780 | - | €556 | +€556 | |
| Transfer to deferred taxes | 680 | €2,000 | €1,650 | -€350 | -17.5% |
| Income taxes | 67/77 | €28,252 | €82,979 | +€54,727 | +193.7% |
| Profit (loss) for the period | 9904 | €81,278 | €185,443 | +€104,164 | +128.2% |
| Transfer from tax-exempt reserves | 789 | - | €2,224 | +€2,224 | |
| Transfer to tax-exempt reserves | 689 | €8,000 | €6,600 | -€1,400 | -17.5% |
| Profit (loss) for the period to be appropriated | 9905 | €73,278 | €181,067 | +€107,788 | +147.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.