Dalco: 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.
Dalco
Largest movements
- Receivables within one year -€44,134
down €44,134 (-17.3%), from €254,792 to €210,658
of which Trade receivables: -€57,351
- Stocks and contracts +€38,135
up €38,135 (+5.6%), from €683,498 to €721,633
- Tangible fixed assets -€34,411
down €34,411 (-12.5%), from €274,567 to €240,156
of which Furniture and vehicles: -€17,901
- Cash -€17,578
down €17,578 (-29.3%), from €60,066 to €42,488
mainly Trade debts (-€76,948) and Stocks and contracts (-€38,135)
- Trade debts -€76,948
down €76,948 (-11.3%), from €680,156 to €603,208
- Debts after one year +€34,728
up €34,728 (+21.4%), from €162,166 to €196,894
- Current portion of long-term debt +€20,116
up €20,116 (+44.5%), from €45,156 to €65,272
- Tax, wage and social debts -€16,651
down €16,651 (-21.9%), from €76,097 to €59,446
of which Remuneration and social security: -€16,704
- Gross operating margin -€31,774
down €31,774 (-4.0%), from €792,550 to €760,776
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 | €1,294,236 | €1,242,880 | -€51,356 | -4.0% |
| Fixed assets | 21/28 | €274,676 | €240,266 | -€34,411 | -12.5% |
| Tangible fixed assets | 22/27 | €274,567 | €240,156 | -€34,411 | -12.5% |
| Land and buildings | 22 | €181,189 | €169,452 | -€11,736 | -6.5% |
| Plant, machinery and equipment | 23 | €14,979 | €10,206 | -€4,773 | -31.9% |
| Furniture and vehicles | 24 | €78,399 | €60,498 | -€17,901 | -22.8% |
| Financial fixed assets | 28 | €110 | €110 | = | 0.0% |
| Current assets | 29/58 | €1,019,560 | €1,002,614 | -€16,946 | -1.7% |
| Stocks and contracts in progress | 3 | €683,498 | €721,633 | +€38,135 | +5.6% |
| Stocks | 30/36 | €683,498 | €721,633 | +€38,135 | +5.6% |
| Amounts receivable within one year | 40/41 | €254,792 | €210,658 | -€44,134 | -17.3% |
| Trade receivables | 40 | €252,443 | €195,092 | -€57,351 | -22.7% |
| Other amounts receivable | 41 | €2,350 | €15,566 | +€13,217 | +562.5% |
| Current investments | 50/53 | €660 | €4,000 | +€3,340 | +506.0% |
| Cash at bank and in hand | 54/58 | €60,066 | €42,488 | -€17,578 | -29.3% |
| Deferred charges and accrued income | 490/1 | €20,544 | €23,835 | +€3,291 | +16.0% |
| Total equity and liabilities | 10/49 | €1,294,236 | €1,242,880 | -€51,356 | -4.0% |
| Equity | 10/15 | €320,844 | €308,185 | -€12,659 | -3.9% |
| Contributions | 10/11 | €59,510 | €59,510 | = | 0.0% |
| Reserves | 13 | €261,334 | €248,675 | -€12,659 | -4.8% |
| Tax-exempt reserves | 132 | €248 | €248 | = | 0.0% |
| Distributable reserves | 133 | €261,086 | €248,427 | -€12,659 | -4.8% |
| Amounts payable | 17/49 | €973,392 | €934,695 | -€38,697 | -4.0% |
| Amounts payable after more than one year | 17 | €162,166 | €196,894 | +€34,728 | +21.4% |
| Financial debts | 170/4 | €162,166 | €196,894 | +€34,728 | +21.4% |
| Amounts payable within one year | 42/48 | €805,651 | €731,602 | -€74,049 | -9.2% |
| Current portion of amounts payable after more than one year | 42 | €45,156 | €65,272 | +€20,116 | +44.5% |
| Financial debts | 43 | €612 | €250 | -€362 | -59.2% |
| Credit institutions | 430/8 | €612 | €250 | -€362 | -59.2% |
| Trade debts | 44 | €680,156 | €603,208 | -€76,948 | -11.3% |
| Suppliers | 440/4 | €680,156 | €603,208 | -€76,948 | -11.3% |
| Advances received on contracts in progress | 46 | €3,630 | €2,871 | -€759 | -20.9% |
| Taxes, remuneration and social security | 45 | €76,097 | €59,446 | -€16,651 | -21.9% |
| Taxes | 450/3 | €443 | €496 | +€53 | +11.8% |
| Remuneration and social security | 454/9 | €75,654 | €58,950 | -€16,704 | -22.1% |
| Other amounts payable | 47/48 | - | €555 | +€555 | |
| Accrued charges and deferred income | 492/3 | €5,575 | €6,198 | +€623 | +11.2% |
| Remuneration, social security and pensions | 62 | €733,701 | €727,834 | -€5,866 | -0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,302 | €36,697 | +€395 | +1.1% |
| Other operating charges | 640/8 | €2,765 | €1,381 | -€1,384 | -50.1% |
| Gross operating margin | 9900 | €792,550 | €760,776 | -€31,774 | -4.0% |
| Operating profit (loss) | 9901 | €19,783 | -€5,136 | -€24,919 | |
| Financial income | 75/76B | €1 | €67 | +€66 | +5974.8% |
| Recurring financial income | 75 | €1 | €67 | +€66 | +5974.8% |
| Financial charges | 65/66B | €9,815 | €7,176 | -€2,638 | -26.9% |
| Recurring financial charges | 65 | €9,815 | €7,176 | -€2,638 | -26.9% |
| Profit (loss) for the period before taxes | 9903 | €9,969 | -€12,245 | -€22,214 | |
| Income taxes | 67/77 | €443 | €414 | -€30 | -6.7% |
| Profit (loss) for the period | 9904 | €9,526 | -€12,659 | -€22,185 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,526 | -€12,659 | -€22,185 |
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 29 September 2026 via checked.be.