DAKALEX: what changed
DAKALEX
Largest movements
- Tangible fixed assets +€186,938
up €186,938 (+21.2%), from €881,344 to €1.1m
of which Leasing and similar rights: +€112,592
- Receivables within one year -€78,363
down €78,363 (-20.8%), from €376,118 to €297,755
of which Trade receivables: -€119,666
- Stocks and contracts +€71,000
up €71,000 (+61.7%), from €115,000 to €186,000
- Cash +€23,445
up €23,445 (+1,448%), from €1,619 to €25,064
mainly Depreciation (+€207,410) and Debts after one year (+€140,262)
- Deferred charges and accrued income +€21,081
up €21,081 (+237%), from €8,886 to €29,966
- Debts after one year +€140,262
up €140,262 (+22.7%), from €618,562 to €758,824
- Short-term financial debts +€101,741
up €101,741 (+184%), from €55,233 to €156,974
- Trade debts +€53,833
up €53,833 (+21.5%), from €250,151 to €303,985
- Reserves -€27,144
down €27,144 (-15.3%), from €177,592 to €150,448
- Tax, wage and social debts -€18,222
down €18,222 (-97.4%), from €18,701 to €479
of which Remuneration and social security: -€18,354
- Gross operating margin +€192,995
up €192,995 (+25.3%), from €762,294 to €955,288
- Staff costs +€153,919
up €153,919 (+29.2%), from €527,523 to €681,442
- Depreciation +€29,042
up €29,042 (+16.3%), from €178,368 to €207,410
- Financial charges +€13,278
up €13,278 (+37.9%), from €35,076 to €48,354
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,394,429 | €1,613,403 | +€218,975 | +15.7% |
| Fixed assets | 21/28 | €892,807 | €1,074,619 | +€181,812 | +20.4% |
| Intangible fixed assets | 21 | €11,308 | €6,182 | -€5,126 | -45.3% |
| Tangible fixed assets | 22/27 | €881,344 | €1,068,281 | +€186,938 | +21.2% |
| Land and buildings | 22 | €433,380 | €498,753 | +€65,373 | +15.1% |
| Plant, machinery and equipment | 23 | €77,331 | €105,550 | +€28,219 | +36.5% |
| Furniture and vehicles | 24 | €39,482 | €20,235 | -€19,246 | -48.7% |
| Leasing and similar rights | 25 | €331,150 | €443,743 | +€112,592 | +34.0% |
| Financial fixed assets | 28 | €155 | €155 | = | 0.0% |
| Current assets | 29/58 | €501,622 | €538,785 | +€37,163 | +7.4% |
| Stocks and contracts in progress | 3 | €115,000 | €186,000 | +€71,000 | +61.7% |
| Stocks | 30/36 | €115,000 | €186,000 | +€71,000 | +61.7% |
| Amounts receivable within one year | 40/41 | €376,118 | €297,755 | -€78,363 | -20.8% |
| Trade receivables | 40 | €218,883 | €99,217 | -€119,666 | -54.7% |
| Other amounts receivable | 41 | €157,235 | €198,538 | +€41,304 | +26.3% |
| Cash at bank and in hand | 54/58 | €1,619 | €25,064 | +€23,445 | +1,448% |
| Deferred charges and accrued income | 490/1 | €8,886 | €29,966 | +€21,081 | +237% |
| Total equity and liabilities | 10/49 | €1,394,429 | €1,613,403 | +€218,975 | +15.7% |
| Equity | 10/15 | €200,132 | €172,989 | -€27,144 | -13.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €177,592 | €150,448 | -€27,144 | -15.3% |
| Distributable reserves | 133 | €177,592 | €150,448 | -€27,144 | -15.3% |
| Profit (loss) carried forward | 14 | €3,948 | €3,948 | = | 0.0% |
| Amounts payable | 17/49 | €1,194,297 | €1,440,415 | +€246,118 | +20.6% |
| Amounts payable after more than one year | 17 | €618,562 | €758,824 | +€140,262 | +22.7% |
| Financial debts | 170/4 | €618,562 | €758,824 | +€140,262 | +22.7% |
| Amounts payable within one year | 42/48 | €563,869 | €679,472 | +€115,603 | +20.5% |
| Current portion of amounts payable after more than one year | 42 | €196,875 | €180,142 | -€16,733 | -8.5% |
| Financial debts | 43 | €55,233 | €156,974 | +€101,741 | +184% |
| Credit institutions | 430/8 | €55,233 | €156,974 | +€101,741 | +184% |
| Trade debts | 44 | €250,151 | €303,985 | +€53,833 | +21.5% |
| Suppliers | 440/4 | €250,151 | €303,985 | +€53,833 | +21.5% |
| Taxes, remuneration and social security | 45 | €18,701 | €479 | -€18,222 | -97.4% |
| Taxes | 450/3 | €347 | €479 | +€132 | +38.0% |
| Remuneration and social security | 454/9 | €18,354 | - | -€18,354 | |
| Other amounts payable | 47/48 | €42,908 | €37,892 | -€5,016 | -11.7% |
| Accrued charges and deferred income | 492/3 | €11,866 | €2,119 | -€9,748 | -82.1% |
| Non-recurring operating income | 76A | €3,075 | €17,045 | +€13,970 | +454% |
| Remuneration, social security and pensions | 62 | €527,523 | €681,442 | +€153,919 | +29.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €178,368 | €207,410 | +€29,042 | +16.3% |
| Other operating charges | 640/8 | €4,820 | €3,157 | -€1,663 | -34.5% |
| Non-recurring operating charges | 66A | €739 | - | -€739 | |
| Gross operating margin | 9900 | €762,294 | €955,288 | +€192,995 | +25.3% |
| Operating profit (loss) | 9901 | €50,844 | €63,279 | +€12,435 | +24.5% |
| Financial income | 75/76B | €3,225 | €441 | -€2,784 | -86.3% |
| Recurring financial income | 75 | €3,225 | €441 | -€2,784 | -86.3% |
| Financial charges | 65/66B | €35,076 | €48,354 | +€13,278 | +37.9% |
| Recurring financial charges | 65 | €35,076 | €48,354 | +€13,278 | +37.9% |
| Profit (loss) for the period before taxes | 9903 | €18,992 | €15,365 | -€3,627 | -19.1% |
| Income taxes | 67/77 | €7,791 | €4,617 | -€3,174 | -40.7% |
| Profit (loss) for the period | 9904 | €11,201 | €10,748 | -€452 | -4.0% |
| Profit (loss) for the period to be appropriated | 9905 | €11,201 | €10,748 | -€452 | -4.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.