DALCQ: 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.
What changed
DALCQ
NACE 27.510, Manufacture of electrical equipment
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€2.0m
2024 · €483,731+€1.5m
Equity
€12.1m
2024 · €10.1m+€1.9m
Cash
€297,183
2024 · €230,296+€66,887
Balance sheet total
€51.3m
2024 · €37.1m+€14.2m
Largest movements
Assets
- Receivables within one year +€7.2m
up €7.2m (+36.9%), from €19.4m to €26.6m
of which Trade receivables: +€13.4m
- Financial fixed assets +€5.7m
up €5.7m (+51.9%), from €11.0m to €16.7m
of which Affiliated companies: +€5.7m
- Intangible fixed assets +€1.3m
up €1.3m (+785.4%), from €160,208 to €1.4m
Equity and liabilities
- Trade debts +€8.3m
up €8.3m (+60.0%), from €13.9m to €22.2m
- Short-term financial debts +€5.1m
up €5.1m (+235.4%), from €2.2m to €7.2m
- Debts after one year -€2.2m
down €2.2m (-26.5%), from €8.4m to €6.2m
- Profit (loss) carried forward +€1.9m
new in 2025: €1.9m
- Current portion of long-term debt +€1.2m
up €1.2m (+106.5%), from €1.1m to €2.3m
Income statement
- Goods and materials +€18.5m
up €18.5m (+51.7%), from €35.7m to €54.2m
of which Purchases: +€17.6m
- Turnover +€17.4m
up €17.4m (+38.2%), from €45.5m to €62.9m
- Other operating income +€5.1m
up €5.1m (+841.6%), from €600,103 to €5.7m
- Services and other goods +€2.2m
up €2.2m (+29.4%), from €7.6m to €9.8m
- Staff costs +€747,263
up €747,263 (+52.4%), from €1.4m to €2.2m
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.
Result 2024
€483,731
Turnover
+€17.4m
Other operating income
+€5.1m
Goods and materials
-€18.5m
Services and other goods
-€2.2m
Staff costs
-€747,263
Depreciation
-€29,131
Write-downs
-€172,118
Other operating charges
-€7,568
Other operating items
+€1.4m
Financial income
-€12,232
Financial charges
-€162,138
Taxes
-€521,717
Result 2025
€2.0m
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.
From operations
+€3.6m
Investment
-€7.6m
Financing
+€4.0m
Cash 2024
€230,296
From operations (derived)
+€3.6m
Net result for the year
+€2.0m
Depreciation
+€199,754
Stocks and contracts
+€176,344
Receivables within one year
-€7.2m
Deferred charges and accrued income
+€203,878
Trade debts
+€8.3m
Tax, wage and social debts
+€671,982
Other debts
-€752,379
Accrued charges and deferred income
+€13,440
Investment (derived)
-€7.6m
Investment in fixed assets (net)
-€7.6m
Financing
+€4.0m
Debts after one year
-€2.2m
Current portion of long-term debt
+€1.2m
Short-term financial debts
+€5.1m
Contributions, distributions and other
-€5,542
Cash 2025
€297,183
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €37,065,089 | €51,301,823 | +€14.2m | +38.4% |
| Formation expenses | 20 | - | €291,084 | +€291,084 | |
| Fixed assets | 21/28 | €11,849,731 | €18,942,843 | +€7.1m | +59.9% |
| Intangible fixed assets | 21 | €160,208 | €1,418,466 | +€1.3m | +785.4% |
| Tangible fixed assets | 22/27 | €709,323 | €847,225 | +€137,902 | +19.4% |
| Land and buildings | 22 | €643,463 | €613,673 | -€29,790 | -4.6% |
| Plant, machinery and equipment | 23 | €16,038 | €179,046 | +€163,007 | +1016.4% |
| Furniture and vehicles | 24 | €43,366 | €46,981 | +€3,614 | +8.3% |
| Other tangible fixed assets | 26 | €6,456 | €7,526 | +€1,070 | +16.6% |
| Financial fixed assets | 28 | €10,980,200 | €16,677,151 | +€5.7m | +51.9% |
| Affiliated companies | 280/1 | €10,230,000 | €15,926,951 | +€5.7m | +55.7% |
| Participating interests | 280 | €10,230,000 | €15,926,951 | +€5.7m | +55.7% |
| Other financial fixed assets | 284/8 | €750,200 | €750,200 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €750,200 | €750,200 | = | 0.0% |
| Current assets | 29/58 | €25,215,358 | €32,067,897 | +€6.9m | +27.2% |
| Stocks and contracts in progress | 3 | €5,293,462 | €5,117,119 | -€176,344 | -3.3% |
| Stocks | 30/36 | €5,293,462 | €5,117,119 | -€176,344 | -3.3% |
| Raw materials and consumables | 30/31 | €667,297 | €604,780 | -€62,517 | -9.4% |
| Finished goods | 33 | €910,484 | €54,560 | -€855,925 | -94.0% |
| Goods purchased for resale | 34 | €3,623,130 | €4,354,892 | +€731,762 | +20.2% |
| Advance payments | 36 | €92,551 | €102,887 | +€10,336 | +11.2% |
| Amounts receivable within one year | 40/41 | €19,397,156 | €26,563,029 | +€7.2m | +36.9% |
| Trade receivables | 40 | €11,065,004 | €24,443,305 | +€13.4m | +120.9% |
| Other amounts receivable | 41 | €8,332,152 | €2,119,724 | -€6.2m | -74.6% |
| Cash at bank and in hand | 54/58 | €230,296 | €297,183 | +€66,887 | +29.0% |
| Deferred charges and accrued income | 490/1 | €294,445 | €90,566 | -€203,878 | -69.2% |
| Total equity and liabilities | 10/49 | €37,065,089 | €51,301,823 | +€14.2m | +38.4% |
| Equity | 10/15 | €10,136,981 | €12,081,953 | +€1.9m | +19.2% |
| Contributions | 10/11 | €7,375,503 | €7,375,503 | = | 0.0% |
| Capital | 10 | €1,266,910 | €1,266,910 | = | 0.0% |
| Issued capital | 100 | €1,376,910 | €1,376,910 | = | 0.0% |
| Uncalled capital | 101 | €110,000 | €110,000 | = | 0.0% |
| Contributions outside capital | 11 | €6,108,593 | €6,108,593 | = | 0.0% |
| Share premium | 1100/10 | €6,108,593 | €6,108,593 | = | 0.0% |
| Reserves | 13 | €2,665,580 | €2,719,721 | +€54,141 | +2.0% |
| Non-distributable reserves | 130/1 | €83,550 | €137,691 | +€54,141 | +64.8% |
| Legal reserve | 130 | €83,550 | €137,691 | +€54,141 | +64.8% |
| Tax-exempt reserves | 132 | €1,053,211 | €1,053,211 | = | 0.0% |
| Distributable reserves | 133 | €1,528,818 | €1,528,818 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €1,896,373 | +€1.9m | |
| Investment grants | 15 | €95,898 | €90,356 | -€5,542 | -5.8% |
| Amounts payable | 17/49 | €26,928,108 | €39,219,870 | +€12.3m | +45.6% |
| Amounts payable after more than one year | 17 | €8,418,289 | €6,191,158 | -€2.2m | -26.5% |
| Financial debts | 170/4 | €8,418,289 | €6,191,158 | -€2.2m | -26.5% |
| Subordinated loans | 170 | €1,350,000 | €1,050,000 | -€300,000 | -22.2% |
| Credit institutions | 173 | €3,951,367 | €3,064,235 | -€887,132 | -22.5% |
| Other loans | 174 | €3,116,923 | €2,076,923 | -€1.0m | -33.4% |
| Amounts payable within one year | 42/48 | €18,407,777 | €32,913,231 | +€14.5m | +78.8% |
| Current portion of amounts payable after more than one year | 42 | €1,114,750 | €2,302,132 | +€1.2m | +106.5% |
| Financial debts | 43 | €2,157,513 | €7,235,937 | +€5.1m | +235.4% |
| Credit institutions | 430/8 | €2,157,513 | €7,235,937 | +€5.1m | +235.4% |
| Trade debts | 44 | €13,861,490 | €22,181,534 | +€8.3m | +60.0% |
| Suppliers | 440/4 | €13,861,490 | €22,181,534 | +€8.3m | +60.0% |
| Taxes, remuneration and social security | 45 | €198,452 | €870,435 | +€671,982 | +338.6% |
| Taxes | 450/3 | - | €516,422 | +€516,422 | |
| Remuneration and social security | 454/9 | €198,452 | €354,012 | +€155,560 | +78.4% |
| Other amounts payable | 47/48 | €1,075,573 | €323,193 | -€752,379 | -70.0% |
| Accrued charges and deferred income | 492/3 | €102,041 | €115,482 | +€13,440 | +13.2% |
| Operating income | 70/76A | €46,153,063 | €69,946,233 | +€23.8m | +51.6% |
| Turnover | 70 | €45,549,752 | €62,933,772 | +€17.4m | +38.2% |
| Own construction capitalised | 72 | - | €1,346,174 | +€1.3m | |
| Other operating income | 74 | €600,103 | €5,650,292 | +€5.1m | +841.6% |
| Non-recurring operating income | 76A | €3,207 | €15,994 | +€12,786 | +398.7% |
| Operating charges | 60/66A | €44,962,722 | €66,593,023 | +€21.6m | +48.1% |
| Goods for resale, raw materials and consumables | 60 | €35,744,748 | €54,220,371 | +€18.5m | +51.7% |
| Purchases | 600/8 | €36,591,591 | €54,205,810 | +€17.6m | +48.1% |
| Change in stocks: decrease (increase) | 609 | -€846,844 | €14,561 | +€861,405 | |
| Services and other goods | 61 | €7,550,450 | €9,772,347 | +€2.2m | +29.4% |
| Remuneration, social security and pensions | 62 | €1,425,420 | €2,172,683 | +€747,263 | +52.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €170,623 | €199,754 | +€29,131 | +17.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €172,118 | +€172,118 | |
| Other operating charges | 640/8 | €48,182 | €55,749 | +€7,568 | +15.7% |
| Non-recurring operating charges | 66A | €23,301 | - | -€23,301 | |
| Operating profit (loss) | 9901 | €1,190,341 | €3,353,210 | +€2.2m | +181.7% |
| Financial income | 75/76B | €301,596 | €289,365 | -€12,232 | -4.1% |
| Recurring financial income | 75 | €301,596 | €289,365 | -€12,232 | -4.1% |
| Income from current assets | 751 | €269,185 | €232,467 | -€36,718 | -13.6% |
| Other financial income | 752/9 | €32,411 | €56,898 | +€24,486 | +75.5% |
| Financial charges | 65/66B | €803,849 | €965,987 | +€162,138 | +20.2% |
| Recurring financial charges | 65 | €803,849 | €965,987 | +€162,138 | +20.2% |
| Debt charges | 650 | €516,986 | €517,082 | +€96 | 0.0% |
| Other financial charges | 652/9 | €286,863 | €448,905 | +€162,042 | +56.5% |
| Profit (loss) for the period before taxes | 9903 | €688,088 | €2,676,587 | +€2.0m | +289.0% |
| Income taxes | 67/77 | €204,357 | €726,073 | +€521,717 | +255.3% |
| Taxes | 670/3 | €204,357 | €726,073 | +€521,717 | +255.3% |
| Profit (loss) for the period | 9904 | €483,731 | €1,950,514 | +€1.5m | +303.2% |
| Transfer to tax-exempt reserves | 689 | €842,000 | - | -€842,000 | |
| Profit (loss) for the period to be appropriated | 9905 | -€358,269 | €1,950,514 | +€2.3m |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.