DALEC: 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.
DALEC
Largest movements
- Tangible fixed assets -€13,811
down €13,811 (-7.5%), from €183,989 to €170,178
of which Land and buildings: -€12,952
- Cash -€6,419
down €6,419 (-2.1%), from €310,165 to €303,746
mainly Contributions, distributions and other (-€23,000) and Debts after one year (-€7,716)
- Receivables within one year -€6,153
down €6,153 (-57.4%), from €10,713 to €4,560
of which Other amounts receivable: -€5,973
- Reserves -€19,496
down €19,496 (-4.5%), from €435,215 to €415,718
- Debts after one year -€7,716
down €7,716 (-14.2%), from €54,170 to €46,454
- Gross operating margin +€11,838
up €11,838 (+148%), from €8,000 to €19,838
- Depreciation -€6,389
down €6,389 (-31.6%), from €20,200 to €13,811
- Financial charges -€428
down €428 (-20.8%), from €2,059 to €1,631
- Other operating charges -€395
down €395 (-18.4%), from €2,146 to €1,751
- Taxes +€350
new in 2025: €350
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 | €505,384 | €478,606 | -€26,778 | -5.3% |
| Fixed assets | 21/28 | €184,029 | €170,218 | -€13,811 | -7.5% |
| Tangible fixed assets | 22/27 | €183,989 | €170,178 | -€13,811 | -7.5% |
| Land and buildings | 22 | €181,545 | €168,593 | -€12,952 | -7.1% |
| Furniture and vehicles | 24 | €2,443 | €1,585 | -€859 | -35.1% |
| Financial fixed assets | 28 | €40 | €40 | = | 0.0% |
| Current assets | 29/58 | €321,355 | €308,388 | -€12,967 | -4.0% |
| Amounts receivable within one year | 40/41 | €10,713 | €4,560 | -€6,153 | -57.4% |
| Trade receivables | 40 | €4,281 | €4,101 | -€180 | -4.2% |
| Other amounts receivable | 41 | €6,432 | €459 | -€5,973 | -92.9% |
| Cash at bank and in hand | 54/58 | €310,165 | €303,746 | -€6,419 | -2.1% |
| Deferred charges and accrued income | 490/1 | €477 | €83 | -€395 | -82.7% |
| Total equity and liabilities | 10/49 | €505,384 | €478,606 | -€26,778 | -5.3% |
| Equity | 10/15 | €441,415 | €421,918 | -€19,496 | -4.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €435,215 | €415,718 | -€19,496 | -4.5% |
| Distributable reserves | 133 | €435,215 | €415,718 | -€19,496 | -4.5% |
| Amounts payable | 17/49 | €63,969 | €56,688 | -€7,281 | -11.4% |
| Amounts payable after more than one year | 17 | €54,170 | €46,454 | -€7,716 | -14.2% |
| Financial debts | 170/4 | €54,170 | €46,454 | -€7,716 | -14.2% |
| Amounts payable within one year | 42/48 | €9,800 | €10,235 | +€435 | +4.4% |
| Current portion of amounts payable after more than one year | 42 | €7,430 | €7,716 | +€286 | +3.8% |
| Trade debts | 44 | €865 | €1,014 | +€149 | +17.2% |
| Suppliers | 440/4 | €865 | €1,014 | +€149 | +17.2% |
| Taxes, remuneration and social security | 45 | €1,505 | €1,505 | = | 0.0% |
| Remuneration and social security | 454/9 | €1,505 | €1,505 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,200 | €13,811 | -€6,389 | -31.6% |
| Other operating charges | 640/8 | €2,146 | €1,751 | -€395 | -18.4% |
| Gross operating margin | 9900 | €8,000 | €19,838 | +€11,838 | +148% |
| Operating profit (loss) | 9901 | -€14,346 | €4,277 | +€18,623 | |
| Financial income | 75/76B | €1,054 | €1,208 | +€153 | +14.5% |
| Recurring financial income | 75 | €1,054 | €1,208 | +€153 | +14.5% |
| Financial charges | 65/66B | €2,059 | €1,631 | -€428 | -20.8% |
| Recurring financial charges | 65 | €2,059 | €1,631 | -€428 | -20.8% |
| Profit (loss) for the period before taxes | 9903 | -€15,350 | €3,854 | +€19,204 | |
| Income taxes | 67/77 | - | €350 | +€350 | |
| Profit (loss) for the period | 9904 | -€15,350 | €3,504 | +€18,854 | |
| Profit (loss) for the period to be appropriated | 9905 | -€15,350 | €3,504 | +€18,854 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.