DALCOM: 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.
DALCOM
Largest movements
- Cash +€1.2m
up €1.2m (+175.2%), from €679,674 to €1.9m
mainly Net result for the year (+€850,609) and Receivables within one year (+€799,435)
- Receivables within one year -€799,435
down €799,435 (-54.5%), from €1.5m to €668,568
of which Trade receivables: -€908,566
- Reserves +€850,609
up €850,609 (+53.6%), from €1.6m to €2.4m
- Tax, wage and social debts +€441,205
up €441,205 (+93.7%), from €470,796 to €912,001
of which Remuneration and social security: +€291,330
- Trade debts -€389,046
down €389,046 (-38.4%), from €1.0m to €623,934
- Debts after one year -€330,843
down €330,843 (-36.3%), from €911,315 to €580,472
- Current portion of long-term debt -€68,662
down €68,662 (-17.7%), from €388,177 to €319,515
- Gross operating margin +€1.5m
up €1.5m (+26.6%), from €5.6m to €7.1m
- Staff costs +€1.2m
up €1.2m (+29.2%), from €4.0m to €5.2m
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 | €4,456,655 | €4,909,918 | +€453,263 | +10.2% |
| Fixed assets | 21/28 | €2,304,312 | €2,332,214 | +€27,902 | +1.2% |
| Tangible fixed assets | 22/27 | €2,300,564 | €2,328,466 | +€27,902 | +1.2% |
| Land and buildings | 22 | €8,119 | €5,793 | -€2,326 | -28.7% |
| Plant, machinery and equipment | 23 | €59,868 | €265,984 | +€206,116 | +344.3% |
| Furniture and vehicles | 24 | €229,593 | €415,208 | +€185,615 | +80.8% |
| Leasing and similar rights | 25 | €1,037,201 | €675,699 | -€361,503 | -34.9% |
| Assets under construction and advance payments | 27 | €965,783 | €965,783 | = | 0.0% |
| Financial fixed assets | 28 | €3,748 | €3,748 | = | 0.0% |
| Current assets | 29/58 | €2,152,343 | €2,577,704 | +€425,361 | +19.8% |
| Amounts receivable within one year | 40/41 | €1,468,003 | €668,568 | -€799,435 | -54.5% |
| Trade receivables | 40 | €982,913 | €74,347 | -€908,566 | -92.4% |
| Other amounts receivable | 41 | €485,089 | €594,220 | +€109,131 | +22.5% |
| Cash at bank and in hand | 54/58 | €679,674 | €1,870,201 | +€1.2m | +175.2% |
| Deferred charges and accrued income | 490/1 | €4,666 | €38,936 | +€34,269 | +734.4% |
| Total equity and liabilities | 10/49 | €4,456,655 | €4,909,918 | +€453,263 | +10.2% |
| Equity | 10/15 | €1,623,387 | €2,473,996 | +€850,609 | +52.4% |
| Contributions | 10/11 | €37,184 | €37,184 | = | 0.0% |
| Reserves | 13 | €1,586,203 | €2,436,812 | +€850,609 | +53.6% |
| Distributable reserves | 133 | €1,586,203 | €2,436,812 | +€850,609 | +53.6% |
| Amounts payable | 17/49 | €2,833,268 | €2,435,922 | -€397,346 | -14.0% |
| Amounts payable after more than one year | 17 | €911,315 | €580,472 | -€330,843 | -36.3% |
| Financial debts | 170/4 | €911,315 | €580,472 | -€330,843 | -36.3% |
| Amounts payable within one year | 42/48 | €1,921,953 | €1,855,450 | -€66,503 | -3.5% |
| Current portion of amounts payable after more than one year | 42 | €388,177 | €319,515 | -€68,662 | -17.7% |
| Financial debts | 43 | €50,000 | - | -€50,000 | |
| Credit institutions | 430/8 | €50,000 | - | -€50,000 | |
| Trade debts | 44 | €1,012,980 | €623,934 | -€389,046 | -38.4% |
| Suppliers | 440/4 | €1,012,980 | €623,934 | -€389,046 | -38.4% |
| Taxes, remuneration and social security | 45 | €470,796 | €912,001 | +€441,205 | +93.7% |
| Taxes | 450/3 | €421,309 | €571,185 | +€149,875 | +35.6% |
| Remuneration and social security | 454/9 | €49,487 | €340,816 | +€291,330 | +588.7% |
| Non-recurring operating income | 76A | €5,826 | €16,000 | +€10,174 | +174.6% |
| Remuneration, social security and pensions | 62 | €4,004,619 | €5,173,317 | +€1.2m | +29.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €465,844 | €472,149 | +€6,305 | +1.4% |
| Other operating charges | 640/8 | €64,043 | €73,615 | +€9,572 | +14.9% |
| Non-recurring operating charges | 66A | - | €17,120 | +€17,120 | |
| Gross operating margin | 9900 | €5,590,867 | €7,080,503 | +€1.5m | +26.6% |
| Operating profit (loss) | 9901 | €1,056,361 | €1,344,302 | +€287,942 | +27.3% |
| Financial income | 75/76B | €11,812 | €9,817 | -€1,995 | -16.9% |
| Recurring financial income | 75 | €11,812 | €9,817 | -€1,995 | -16.9% |
| Financial charges | 65/66B | €73,567 | €56,030 | -€17,537 | -23.8% |
| Recurring financial charges | 65 | €73,567 | €56,030 | -€17,537 | -23.8% |
| Profit (loss) for the period before taxes | 9903 | €994,605 | €1,298,089 | +€303,484 | +30.5% |
| Income taxes | 67/77 | €456,254 | €447,480 | -€8,774 | -1.9% |
| Profit (loss) for the period | 9904 | €538,351 | €850,609 | +€312,258 | +58.0% |
| Profit (loss) for the period to be appropriated | 9905 | €538,351 | €850,609 | +€312,258 | +58.0% |
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 11 October 2026 via checked.be.