DALCON: 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.
DALCON
Largest movements
- Financial fixed assets +€121,000
new in 2025: €121,000
- Tangible fixed assets -€53,319
down €53,319 (-11.6%), from €459,939 to €406,619
of which Land and buildings: -€28,461
- Receivables within one year -€40,409
down €40,409 (-28.9%), from €139,697 to €99,288
of which Trade receivables: -€38,416
- Trade debts -€46,499
down €46,499 (-59.3%), from €78,375 to €31,876
- Reserves +€35,439
new in 2025: €35,439
- Debts after one year +€32,318
up €32,318 (+10.0%), from €322,120 to €354,438
- Gross operating margin +€54,081
up €54,081 (+33.5%), from €161,275 to €215,356
- Staff costs +€46,235
up €46,235 (+98.8%), from €46,797 to €93,032
- Other operating charges -€18,547
down €18,547 (-82.3%), from €22,538 to €3,990
- Taxes +€12,510
up €12,510 (+8,281%), from €151 to €12,661
- Depreciation +€5,594
up €5,594 (+11.2%), from €49,957 to €55,550
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 | €729,128 | €769,220 | +€40,091 | +5.5% |
| Fixed assets | 21/28 | €459,939 | €527,619 | +€67,681 | +14.7% |
| Tangible fixed assets | 22/27 | €459,939 | €406,619 | -€53,319 | -11.6% |
| Land and buildings | 22 | €339,568 | €311,107 | -€28,461 | -8.4% |
| Plant, machinery and equipment | 23 | €58,973 | €44,816 | -€14,157 | -24.0% |
| Furniture and vehicles | 24 | €61,398 | €50,696 | -€10,702 | -17.4% |
| Financial fixed assets | 28 | - | €121,000 | +€121,000 | |
| Current assets | 29/58 | €269,190 | €241,600 | -€27,589 | -10.2% |
| Stocks and contracts in progress | 3 | €80,045 | €80,224 | +€179 | +0.2% |
| Stocks | 30/36 | €61,752 | €58,665 | -€3,088 | -5.0% |
| Contracts in progress | 37 | €18,293 | €21,559 | +€3,266 | +17.9% |
| Amounts receivable within one year | 40/41 | €139,697 | €99,288 | -€40,409 | -28.9% |
| Trade receivables | 40 | €129,199 | €90,783 | -€38,416 | -29.7% |
| Other amounts receivable | 41 | €10,498 | €8,504 | -€1,994 | -19.0% |
| Cash at bank and in hand | 54/58 | €44,562 | €50,863 | +€6,301 | +14.1% |
| Deferred charges and accrued income | 490/1 | €4,886 | €11,226 | +€6,340 | +130% |
| Total equity and liabilities | 10/49 | €729,128 | €769,220 | +€40,091 | +5.5% |
| Equity | 10/15 | €42,321 | €77,760 | +€35,439 | +83.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | - | €35,439 | +€35,439 | |
| Distributable reserves | 133 | - | €35,439 | +€35,439 | |
| Profit (loss) carried forward | 14 | €23,721 | €23,721 | = | 0.0% |
| Amounts payable | 17/49 | €686,807 | €691,460 | +€4,653 | +0.7% |
| Amounts payable after more than one year | 17 | €322,120 | €354,438 | +€32,318 | +10.0% |
| Financial debts | 170/4 | €322,120 | €354,438 | +€32,318 | +10.0% |
| Amounts payable within one year | 42/48 | €363,363 | €333,191 | -€30,172 | -8.3% |
| Current portion of amounts payable after more than one year | 42 | €49,941 | €56,914 | +€6,973 | +14.0% |
| Financial debts | 43 | €30,000 | €25,000 | -€5,000 | -16.7% |
| Credit institutions | 430/8 | €30,000 | €25,000 | -€5,000 | -16.7% |
| Trade debts | 44 | €78,375 | €31,876 | -€46,499 | -59.3% |
| Suppliers | 440/4 | €78,375 | €31,876 | -€46,499 | -59.3% |
| Taxes, remuneration and social security | 45 | €4,999 | €12,440 | +€7,440 | +149% |
| Taxes | 450/3 | €154 | €2,812 | +€2,658 | +1,723% |
| Remuneration and social security | 454/9 | €4,845 | €9,628 | +€4,783 | +98.7% |
| Other amounts payable | 47/48 | €200,048 | €206,961 | +€6,913 | +3.5% |
| Accrued charges and deferred income | 492/3 | €1,324 | €3,831 | +€2,507 | +189% |
| Remuneration, social security and pensions | 62 | €46,797 | €93,032 | +€46,235 | +98.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,957 | €55,550 | +€5,594 | +11.2% |
| Other operating charges | 640/8 | €22,538 | €3,990 | -€18,547 | -82.3% |
| Gross operating margin | 9900 | €161,275 | €215,356 | +€54,081 | +33.5% |
| Operating profit (loss) | 9901 | €41,984 | €62,783 | +€20,799 | +49.5% |
| Financial income | 75/76B | €2,027 | €431 | -€1,596 | -78.7% |
| Recurring financial income | 75 | €2,027 | €431 | -€1,596 | -78.7% |
| Financial charges | 65/66B | €20,703 | €15,114 | -€5,589 | -27.0% |
| Recurring financial charges | 65 | €20,703 | €15,114 | -€5,589 | -27.0% |
| Profit (loss) for the period before taxes | 9903 | €23,308 | €48,100 | +€24,792 | +106% |
| Income taxes | 67/77 | €151 | €12,661 | +€12,510 | +8,281% |
| Profit (loss) for the period | 9904 | €23,157 | €35,439 | +€12,282 | +53.0% |
| Profit (loss) for the period to be appropriated | 9905 | €23,157 | €35,439 | +€12,282 | +53.0% |
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 16 October 2026 via checked.be.