DAL Group: 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.
DAL Group
Largest movements
- Receivables within one year -€66,876
down €66,876 (-57.9%), from €115,571 to €48,695
of which Trade receivables: -€82,173
- Cash +€33,898
up €33,898 (+152.0%), from €22,307 to €56,206
mainly Receivables within one year (+€66,876) and Net result for the year (+€13,883)
- Receivables after one year +€25,300
new in 2025: €25,300
- Tangible fixed assets -€12,931
down €12,931 (-9.7%), from €133,245 to €120,314
of which Land and buildings: -€7,780
- Tax, wage and social debts -€14,089
down €14,089 (-52.7%), from €26,757 to €12,669
- Debts after one year -€13,958
down €13,958 (-15.2%), from €91,811 to €77,853
- Reserves +€13,000
up €13,000 (+35.1%), from €37,000 to €50,000
- Trade debts -€8,124
down €8,124 (-48.3%), from €16,827 to €8,704
- Other debts +€6,368
up €6,368 (+232.1%), from €2,744 to €9,112
- Turnover -€24,715
down €24,715 (-8.1%), from €305,208 to €280,493
- Gross operating margin -€15,987
down €15,987 (-31.4%), from €50,884 to €34,897
- Purchases and services -€11,022
down €11,022 (-4.3%), from €256,619 to €245,597
- Taxes -€8,113
down €8,113 (-53.0%), from €15,318 to €7,205
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 | €302,071 | €281,549 | -€20,521 | -6.8% |
| Fixed assets | 21/28 | €133,320 | €120,389 | -€12,931 | -9.7% |
| Tangible fixed assets | 22/27 | €133,245 | €120,314 | -€12,931 | -9.7% |
| Land and buildings | 22 | €127,614 | €119,833 | -€7,780 | -6.1% |
| Plant, machinery and equipment | 23 | €722 | €481 | -€241 | -33.3% |
| Furniture and vehicles | 24 | €4,910 | €0 | -€4,910 | -100.0% |
| Financial fixed assets | 28 | €75 | €75 | = | 0.0% |
| Current assets | 29/58 | €168,751 | €161,160 | -€7,591 | -4.5% |
| Amounts receivable after more than one year | 29 | - | €25,300 | +€25,300 | |
| Other amounts receivable | 291 | - | €25,300 | +€25,300 | |
| Stocks and contracts in progress | 3 | €1,270 | €2,983 | +€1,713 | +134.9% |
| Stocks | 30/36 | €1,270 | €2,983 | +€1,713 | +134.9% |
| Amounts receivable within one year | 40/41 | €115,571 | €48,695 | -€66,876 | -57.9% |
| Trade receivables | 40 | €104,307 | €22,134 | -€82,173 | -78.8% |
| Other amounts receivable | 41 | €11,264 | €26,561 | +€15,297 | +135.8% |
| Current investments | 50/53 | €20,183 | €20,257 | +€75 | +0.4% |
| Cash at bank and in hand | 54/58 | €22,307 | €56,206 | +€33,898 | +152.0% |
| Deferred charges and accrued income | 490/1 | €9,420 | €7,719 | -€1,701 | -18.1% |
| Total equity and liabilities | 10/49 | €302,071 | €281,549 | -€20,521 | -6.8% |
| Equity | 10/15 | €145,372 | €159,255 | +€13,883 | +9.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €37,000 | €50,000 | +€13,000 | +35.1% |
| Distributable reserves | 133 | €37,000 | €50,000 | +€13,000 | +35.1% |
| Profit (loss) carried forward | 14 | €88,372 | €89,255 | +€883 | +1.0% |
| Amounts payable | 17/49 | €156,699 | €122,294 | -€34,405 | -22.0% |
| Amounts payable after more than one year | 17 | €91,811 | €77,853 | -€13,958 | -15.2% |
| Financial debts | 170/4 | €91,811 | €77,853 | -€13,958 | -15.2% |
| Amounts payable within one year | 42/48 | €64,889 | €44,442 | -€20,447 | -31.5% |
| Current portion of amounts payable after more than one year | 42 | €18,560 | €13,958 | -€4,602 | -24.8% |
| Trade debts | 44 | €16,827 | €8,704 | -€8,124 | -48.3% |
| Suppliers | 440/4 | €16,827 | €8,704 | -€8,124 | -48.3% |
| Taxes, remuneration and social security | 45 | €26,757 | €12,669 | -€14,089 | -52.7% |
| Taxes | 450/3 | €26,757 | €12,669 | -€14,089 | -52.7% |
| Other amounts payable | 47/48 | €2,744 | €9,112 | +€6,368 | +232.1% |
| Turnover | 70 | €305,208 | €280,493 | -€24,715 | -8.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €256,619 | €245,597 | -€11,022 | -4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,931 | €12,931 | -€0 | 0.0% |
| Other operating charges | 640/8 | €802 | €826 | +€24 | +3.0% |
| Gross operating margin | 9900 | €50,884 | €34,897 | -€15,987 | -31.4% |
| Operating profit (loss) | 9901 | €37,151 | €21,140 | -€16,011 | -43.1% |
| Financial income | 75/76B | €249 | €2,333 | +€2,084 | +835.4% |
| Recurring financial income | 75 | €249 | €2,333 | +€2,084 | +835.4% |
| Financial charges | 65/66B | €2,880 | €2,385 | -€494 | -17.2% |
| Recurring financial charges | 65 | €2,880 | €2,385 | -€494 | -17.2% |
| Profit (loss) for the period before taxes | 9903 | €34,521 | €21,088 | -€13,433 | -38.9% |
| Income taxes | 67/77 | €15,318 | €7,205 | -€8,113 | -53.0% |
| Profit (loss) for the period | 9904 | €19,202 | €13,883 | -€5,319 | -27.7% |
| Profit (loss) for the period to be appropriated | 9905 | €19,202 | €13,883 | -€5,319 | -27.7% |
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 9 October 2026 via checked.be.