DAL IMMO: 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.
DAL IMMO
Largest movements
- Tangible fixed assets +€40,661
up €40,661 (+80.4%), from €50,597 to €91,258
of which Plant, machinery and equipment: +€42,622
- Receivables within one year +€5,906
up €5,906 (+14.6%), from €40,485 to €46,391
- Cash -€2,581
down €2,581 (-73.1%), from €3,532 to €951
mainly Investment in fixed assets (net) (-€47,159) and Receivables within one year (-€5,906)
- Debts after one year +€31,985
up €31,985 (+103.7%), from €30,830 to €62,815
- Reserves +€10,797
up €10,797 (+20.6%), from €52,408 to €63,205
- Current portion of long-term debt +€7,737
new in 2025: €7,737
- Tax, wage and social debts -€4,117
down €4,117 (-51.6%), from €7,971 to €3,854
- Other debts -€2,350
down €2,350 (-68.1%), from €3,450 to €1,100
- Gross operating margin -€6,519
down €6,519 (-20.9%), from €31,249 to €24,730
- Depreciation +€3,207
up €3,207 (+97.4%), from €3,291 to €6,498
- Taxes -€2,813
down €2,813 (-42.7%), from €6,583 to €3,770
- Financial charges +€797
up €797 (+34.2%), from €2,330 to €3,127
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 | €94,721 | €138,711 | +€43,990 | +46.4% |
| Fixed assets | 21/28 | €50,597 | €91,258 | +€40,661 | +80.4% |
| Tangible fixed assets | 22/27 | €50,597 | €91,258 | +€40,661 | +80.4% |
| Land and buildings | 22 | €13,321 | €11,360 | -€1,961 | -14.7% |
| Plant, machinery and equipment | 23 | €37,276 | €79,898 | +€42,622 | +114.3% |
| Current assets | 29/58 | €44,124 | €47,453 | +€3,329 | +7.5% |
| Amounts receivable within one year | 40/41 | €40,485 | €46,391 | +€5,906 | +14.6% |
| Other amounts receivable | 41 | €40,485 | €46,391 | +€5,906 | +14.6% |
| Cash at bank and in hand | 54/58 | €3,532 | €951 | -€2,581 | -73.1% |
| Deferred charges and accrued income | 490/1 | €107 | €111 | +€4 | +3.7% |
| Total equity and liabilities | 10/49 | €94,721 | €138,711 | +€43,990 | +46.4% |
| Equity | 10/15 | €52,408 | €63,205 | +€10,797 | +20.6% |
| Reserves | 13 | €52,408 | €63,205 | +€10,797 | +20.6% |
| Distributable reserves | 133 | €52,408 | €63,205 | +€10,797 | +20.6% |
| Amounts payable | 17/49 | €42,313 | €75,506 | +€33,193 | +78.4% |
| Amounts payable after more than one year | 17 | €30,830 | €62,815 | +€31,985 | +103.7% |
| Financial debts | 170/4 | €30,830 | €62,815 | +€31,985 | +103.7% |
| Amounts payable within one year | 42/48 | €11,483 | €12,691 | +€1,208 | +10.5% |
| Current portion of amounts payable after more than one year | 42 | - | €7,737 | +€7,737 | |
| Trade debts | 44 | €62 | - | -€62 | |
| Suppliers | 440/4 | €62 | - | -€62 | |
| Taxes, remuneration and social security | 45 | €7,971 | €3,854 | -€4,117 | -51.6% |
| Taxes | 450/3 | €7,971 | €3,854 | -€4,117 | -51.6% |
| Other amounts payable | 47/48 | €3,450 | €1,100 | -€2,350 | -68.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,291 | €6,498 | +€3,207 | +97.4% |
| Other operating charges | 640/8 | €2,790 | €2,878 | +€88 | +3.2% |
| Gross operating margin | 9900 | €31,249 | €24,730 | -€6,519 | -20.9% |
| Operating profit (loss) | 9901 | €25,168 | €15,354 | -€9,814 | -39.0% |
| Financial income | 75/76B | €2,624 | €2,340 | -€284 | -10.8% |
| Recurring financial income | 75 | €2,624 | €2,340 | -€284 | -10.8% |
| Financial charges | 65/66B | €2,330 | €3,127 | +€797 | +34.2% |
| Recurring financial charges | 65 | €2,330 | €3,127 | +€797 | +34.2% |
| Profit (loss) for the period before taxes | 9903 | €25,462 | €14,567 | -€10,895 | -42.8% |
| Income taxes | 67/77 | €6,583 | €3,770 | -€2,813 | -42.7% |
| Profit (loss) for the period | 9904 | €18,879 | €10,797 | -€8,082 | -42.8% |
| Profit (loss) for the period to be appropriated | 9905 | €18,879 | €10,797 | -€8,082 | -42.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.