DAL Projects: 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 Projects
Largest movements
- Cash +€10,138
up €10,138 (+38.3%), from €26,442 to €36,579
mainly Contributions, distributions and other (+€25,000) and Net result for the year (+€7,603)
- Tangible fixed assets +€1,930
up €1,930 (+12.8%), from €15,034 to €16,964
of which Other tangible fixed assets: +€2,148
- Deferred charges and accrued income +€1,715
new in 2025: €1,715
- Receivables within one year -€1,309
down €1,309 (-14.6%), from €8,966 to €7,657
- Other debts -€25,479
down €25,479 (-61.5%), from €41,438 to €15,959
- Contributions +€25,000
up €25,000 (+625.0%), from €4,000 to €29,000
- Reserves +€7,603
up €7,603 (+1313.4%), from €579 to €8,182
- Tax, wage and social debts +€4,727
up €4,727 (+272.8%), from €1,733 to €6,460
- Trade debts +€699
up €699 (+21.7%), from €3,219 to €3,918
- Gross operating margin +€9,249
up €9,249 (+290.4%), from €3,185 to €12,434
- Taxes +€2,005
new in 2025: €2,005
- Financial charges +€443
up €443 (+109.1%), from €406 to €848
- Other operating charges -€407
down €407 (-43.9%), from €927 to €520
- Depreciation +€234
up €234 (+18.4%), from €1,276 to €1,510
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 | €51,472 | €63,686 | +€12,213 | +23.7% |
| Fixed assets | 21/28 | €16,065 | €17,734 | +€1,670 | +10.4% |
| Intangible fixed assets | 21 | €1,031 | €771 | -€260 | -25.2% |
| Tangible fixed assets | 22/27 | €15,034 | €16,964 | +€1,930 | +12.8% |
| Furniture and vehicles | 24 | €931 | €713 | -€218 | -23.4% |
| Other tangible fixed assets | 26 | €14,103 | €16,251 | +€2,148 | +15.2% |
| Current assets | 29/58 | €35,408 | €45,951 | +€10,543 | +29.8% |
| Amounts receivable within one year | 40/41 | €8,966 | €7,657 | -€1,309 | -14.6% |
| Trade receivables | 40 | €8,966 | €7,657 | -€1,309 | -14.6% |
| Cash at bank and in hand | 54/58 | €26,442 | €36,579 | +€10,138 | +38.3% |
| Deferred charges and accrued income | 490/1 | - | €1,715 | +€1,715 | |
| Total equity and liabilities | 10/49 | €51,472 | €63,686 | +€12,213 | +23.7% |
| Equity | 10/15 | €4,579 | €37,182 | +€32,603 | +712.0% |
| Contributions | 10/11 | €4,000 | €29,000 | +€25,000 | +625.0% |
| Reserves | 13 | €579 | €8,182 | +€7,603 | +1313.4% |
| Distributable reserves | 133 | €579 | €8,182 | +€7,603 | +1313.4% |
| Amounts payable | 17/49 | €46,894 | €26,504 | -€20,390 | -43.5% |
| Amounts payable within one year | 42/48 | €46,844 | €26,497 | -€20,347 | -43.4% |
| Financial debts | 43 | €454 | €161 | -€294 | -64.6% |
| Credit institutions | 430/8 | €454 | €161 | -€294 | -64.6% |
| Trade debts | 44 | €3,219 | €3,918 | +€699 | +21.7% |
| Suppliers | 440/4 | €3,219 | €3,918 | +€699 | +21.7% |
| Taxes, remuneration and social security | 45 | €1,733 | €6,460 | +€4,727 | +272.8% |
| Taxes | 450/3 | €1,733 | €6,460 | +€4,727 | +272.8% |
| Other amounts payable | 47/48 | €41,438 | €15,959 | -€25,479 | -61.5% |
| Accrued charges and deferred income | 492/3 | €49 | €7 | -€43 | -86.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,276 | €1,510 | +€234 | +18.4% |
| Other operating charges | 640/8 | €927 | €520 | -€407 | -43.9% |
| Gross operating margin | 9900 | €3,185 | €12,434 | +€9,249 | +290.4% |
| Operating profit (loss) | 9901 | €982 | €10,404 | +€9,421 | +959.0% |
| Financial income | 75/76B | €2 | €52 | +€50 | +2376.3% |
| Recurring financial income | 75 | €2 | €52 | +€50 | +2376.3% |
| Financial charges | 65/66B | €406 | €848 | +€443 | +109.1% |
| Recurring financial charges | 65 | €406 | €848 | +€443 | +109.1% |
| Profit (loss) for the period before taxes | 9903 | €579 | €9,608 | +€9,029 | +1559.8% |
| Income taxes | 67/77 | - | €2,005 | +€2,005 | |
| Profit (loss) for the period | 9904 | €579 | €7,603 | +€7,024 | +1213.4% |
| Profit (loss) for the period to be appropriated | 9905 | €579 | €7,603 | +€7,024 | +1213.4% |
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 28 September 2026 via checked.be.