DAL PROJECTS: 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 PROJECTS
Largest movements
- Receivables within one year -€183,551
no longer reported in 2025 (was €183,551)
of which Other amounts receivable: -€181,021
- Cash -€14,975
down €14,975 (-82.8%), from €18,093 to €3,118
mainly Other debts (-€182,762) and Contributions, distributions and other (-€21,956)
- Deferred charges and accrued income +€9,033
up €9,033 (+2,929%), from €308 to €9,341
- Tangible fixed assets -€3,299
down €3,299 (-14.2%), from €23,289 to €19,990
of which Other tangible fixed assets: -€3,480
- Other debts -€182,762
down €182,762 (-97.6%), from €187,311 to €4,549
- Reserves -€10,143
down €10,143 (-29.9%), from €33,877 to €23,734
- Gross operating margin +€23,026
up €23,026 (+337%), from €6,835 to €29,861
- Financial income -€12,933
down €12,933 (-100.0%), from €12,938 to €5
- Taxes +€5,845
up €5,845 (+673%), from €869 to €6,714
- Financial charges -€2,283
down €2,283 (-93.8%), from €2,435 to €152
- Depreciation +€658
up €658 (+7.0%), from €9,400 to €10,058
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.
Derived cash bridge
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 | €225,421 | €32,448 | -€192,973 | -85.6% |
| Fixed assets | 21/28 | €23,469 | €19,990 | -€3,479 | -14.8% |
| Tangible fixed assets | 22/27 | €23,289 | €19,990 | -€3,299 | -14.2% |
| Plant, machinery and equipment | 23 | €2,032 | €2,195 | +€163 | +8.0% |
| Furniture and vehicles | 24 | €8,288 | €8,307 | +€19 | +0.2% |
| Other tangible fixed assets | 26 | €12,968 | €9,488 | -€3,480 | -26.8% |
| Financial fixed assets | 28 | €180 | - | -€180 | |
| Current assets | 29/58 | €201,952 | €12,459 | -€189,494 | -93.8% |
| Amounts receivable within one year | 40/41 | €183,551 | - | -€183,551 | |
| Trade receivables | 40 | €2,530 | - | -€2,530 | |
| Other amounts receivable | 41 | €181,021 | - | -€181,021 | |
| Cash at bank and in hand | 54/58 | €18,093 | €3,118 | -€14,975 | -82.8% |
| Deferred charges and accrued income | 490/1 | €308 | €9,341 | +€9,033 | +2,929% |
| Total equity and liabilities | 10/49 | €225,421 | €32,448 | -€192,973 | -85.6% |
| Equity | 10/15 | €34,877 | €24,734 | -€10,143 | -29.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €33,877 | €23,734 | -€10,143 | -29.9% |
| Distributable reserves | 133 | €33,877 | €23,734 | -€10,143 | -29.9% |
| Amounts payable | 17/49 | €190,544 | €7,714 | -€182,830 | -96.0% |
| Amounts payable within one year | 42/48 | €190,544 | €7,714 | -€182,830 | -96.0% |
| Trade debts | 44 | €1,848 | €2,390 | +€542 | +29.3% |
| Suppliers | 440/4 | €1,848 | €2,390 | +€542 | +29.3% |
| Taxes, remuneration and social security | 45 | €1,385 | €775 | -€610 | -44.1% |
| Taxes | 450/3 | €1,385 | €775 | -€610 | -44.1% |
| Other amounts payable | 47/48 | €187,311 | €4,549 | -€182,762 | -97.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,400 | €10,058 | +€658 | +7.0% |
| Other operating charges | 640/8 | €1,022 | €1,129 | +€107 | +10.5% |
| Gross operating margin | 9900 | €6,835 | €29,861 | +€23,026 | +337% |
| Operating profit (loss) | 9901 | -€3,587 | €18,674 | +€22,261 | |
| Financial income | 75/76B | €12,938 | €5 | -€12,933 | -100.0% |
| Recurring financial income | 75 | €12,938 | €5 | -€12,933 | -100.0% |
| Financial charges | 65/66B | €2,435 | €152 | -€2,283 | -93.8% |
| Recurring financial charges | 65 | €2,435 | €152 | -€2,283 | -93.8% |
| Profit (loss) for the period before taxes | 9903 | €6,916 | €18,527 | +€11,611 | +168% |
| Income taxes | 67/77 | €869 | €6,714 | +€5,845 | +673% |
| Profit (loss) for the period | 9904 | €6,047 | €11,813 | +€5,766 | +95.4% |
| Profit (loss) for the period to be appropriated | 9905 | €6,047 | €11,813 | +€5,766 | +95.4% |
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 13 October 2026 via checked.be.