DAL INDUSTRIES: 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.
What changed
DAL INDUSTRIES
NACE 64.210, Activities of holding companies
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€141,321
2024 · -€185,885+€44,563
Equity
€6.3m
2024 · €6.5m-€141,321
Cash
€47,677
2024 · €39,893+€7,784
Balance sheet total
€11.5m
2024 · €11.7m-€130,836
Largest movements
Assets
- Current investments -€170,600
down €170,600 (-85.3%), from €200,000 to €29,400
Equity and liabilities
- Other debts +€236,560
up €236,560 (+6.2%), from €3.8m to €4.0m
- Trade debts -€198,215
down €198,215 (-97.2%), from €203,973 to €5,758
- Profit (loss) carried forward -€141,321
down €141,321 (-3.0%), from €4.8m to €4.6m
Income statement
- Gross operating margin +€32,370
up €32,370 (+10.4%), from -€310,181 to -€277,810
- Financial income +€16,411
up €16,411 (+13.0%), from €125,806 to €142,217
- Other operating charges +€4,061
up €4,061 (+407.5%), from €996 to €5,057
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.
Result 2024
-€185,885
Gross operating margin
+€32,370
Depreciation
-€218
Other operating charges
-€4,061
Financial income
+€16,411
Financial charges
+€60
Result 2025
-€141,321
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.
From operations
-€162,816
Investment
+€170,600
Financing
€0
Cash 2024
€39,893
From operations (derived)
-€162,816
Net result for the year
-€141,321
Depreciation
+€560
Receivables within one year
-€21,091
Deferred charges and accrued income
-€11,449
Trade debts
-€198,215
Tax, wage and social debts
-€28,057
Other debts
+€236,560
Accrued charges and deferred income
+€197
Investment (derived)
+€170,600
Current investments
+€170,600
Cash 2025
€47,677
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €11,672,109 | €11,541,273 | -€130,836 | -1.1% |
| Fixed assets | 21/28 | €5,736,518 | €5,735,957 | -€560 | 0.0% |
| Tangible fixed assets | 22/27 | €1,339 | €778 | -€560 | -41.9% |
| Furniture and vehicles | 24 | €1,339 | €778 | -€560 | -41.9% |
| Financial fixed assets | 28 | €5,735,179 | €5,735,179 | = | 0.0% |
| Current assets | 29/58 | €5,935,591 | €5,805,315 | -€130,276 | -2.2% |
| Amounts receivable within one year | 40/41 | €5,603,659 | €5,624,750 | +€21,091 | +0.4% |
| Trade receivables | 40 | €1,910,345 | €1,711,116 | -€199,229 | -10.4% |
| Other amounts receivable | 41 | €3,693,314 | €3,913,634 | +€220,320 | +6.0% |
| Current investments | 50/53 | €200,000 | €29,400 | -€170,600 | -85.3% |
| Cash at bank and in hand | 54/58 | €39,893 | €47,677 | +€7,784 | +19.5% |
| Deferred charges and accrued income | 490/1 | €92,039 | €103,488 | +€11,449 | +12.4% |
| Total equity and liabilities | 10/49 | €11,672,109 | €11,541,273 | -€130,836 | -1.1% |
| Equity | 10/15 | €6,464,376 | €6,323,054 | -€141,321 | -2.2% |
| Contributions | 10/11 | €1,556,610 | €1,556,610 | = | 0.0% |
| Reserves | 13 | €155,746 | €155,746 | = | 0.0% |
| Non-distributable reserves | 130/1 | €85 | €85 | = | 0.0% |
| Other | 1319 | €85 | €85 | = | 0.0% |
| Distributable reserves | 133 | €155,661 | €155,661 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,752,020 | €4,610,698 | -€141,321 | -3.0% |
| Provisions and deferred taxes | 16 | €350,000 | €350,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €350,000 | €350,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €350,000 | €350,000 | = | 0.0% |
| Amounts payable | 17/49 | €4,857,733 | €4,868,218 | +€10,485 | +0.2% |
| Amounts payable after more than one year | 17 | €459,600 | €459,600 | = | 0.0% |
| Other amounts payable | 178/9 | €459,600 | €459,600 | = | 0.0% |
| Amounts payable within one year | 42/48 | €4,397,887 | €4,408,175 | +€10,288 | +0.2% |
| Trade debts | 44 | €203,973 | €5,758 | -€198,215 | -97.2% |
| Suppliers | 440/4 | €203,973 | €5,758 | -€198,215 | -97.2% |
| Taxes, remuneration and social security | 45 | €393,257 | €365,200 | -€28,057 | -7.1% |
| Taxes | 450/3 | €242,617 | €266,653 | +€24,036 | +9.9% |
| Remuneration and social security | 454/9 | €150,641 | €98,547 | -€52,094 | -34.6% |
| Other amounts payable | 47/48 | €3,800,656 | €4,037,216 | +€236,560 | +6.2% |
| Accrued charges and deferred income | 492/3 | €246 | €443 | +€197 | +80.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €343 | €560 | +€218 | +63.6% |
| Other operating charges | 640/8 | €996 | €5,057 | +€4,061 | +407.5% |
| Gross operating margin | 9900 | -€310,181 | -€277,810 | +€32,370 | +10.4% |
| Operating profit (loss) | 9901 | -€311,520 | -€283,428 | +€28,092 | +9.0% |
| Financial income | 75/76B | €125,806 | €142,217 | +€16,411 | +13.0% |
| Recurring financial income | 75 | €125,806 | €142,217 | +€16,411 | +13.0% |
| Financial charges | 65/66B | €171 | €111 | -€60 | -35.4% |
| Recurring financial charges | 65 | €171 | €111 | -€60 | -35.4% |
| Profit (loss) for the period before taxes | 9903 | -€185,885 | -€141,321 | +€44,563 | +24.0% |
| Profit (loss) for the period | 9904 | -€185,885 | -€141,321 | +€44,563 | +24.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€185,885 | -€141,321 | +€44,563 | +24.0% |
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 7 October 2026 via checked.be.