DALEK: 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.
DALEK
Largest movements
- Stocks and contracts -€75,703
down €75,703 (-54.1%), from €140,000 to €64,297
- Receivables within one year -€74,357
down €74,357 (-18.4%), from €404,822 to €330,465
of which Other amounts receivable: -€117,769
- Cash -€38,428
down €38,428 (-23.6%), from €162,857 to €124,429
mainly Trade debts (-€109,967) and Net result for the year (-€48,875)
- Tangible fixed assets -€9,453
down €9,453 (-5.4%), from €176,393 to €166,939
of which Land and buildings: -€10,769
- Trade debts -€109,967
down €109,967 (-61.2%), from €179,769 to €69,802
- Profit (loss) carried forward -€48,875
down €48,875 (-678.2%), from -€7,206 to -€56,081
- Debts after one year -€14,952
down €14,952 (-19.8%), from €75,424 to €60,472
- Tax, wage and social debts -€13,862
down €13,862 (-100.0%), from €13,862 to €0
of which Taxes: -€7,991
- Current portion of long-term debt -€11,728
down €11,728 (-43.4%), from €27,046 to €15,318
- Gross operating margin -€211,662
down €211,662, from €194,963 to -€16,699
- Financial charges -€206,884
down €206,884 (-94.2%), from €219,655 to €12,771
- Depreciation -€30,222
down €30,222 (-70.9%), from €42,601 to €12,379
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 | €897,454 | €693,965 | -€203,489 | -22.7% |
| Fixed assets | 21/28 | €180,990 | €169,947 | -€11,043 | -6.1% |
| Tangible fixed assets | 22/27 | €176,393 | €166,939 | -€9,453 | -5.4% |
| Land and buildings | 22 | €139,997 | €129,228 | -€10,769 | -7.7% |
| Plant, machinery and equipment | 23 | €1,426 | €3,684 | +€2,259 | +158.4% |
| Furniture and vehicles | 24 | €34,970 | €34,027 | -€943 | -2.7% |
| Financial fixed assets | 28 | €4,598 | €3,008 | -€1,590 | -34.6% |
| Current assets | 29/58 | €716,463 | €524,018 | -€192,446 | -26.9% |
| Stocks and contracts in progress | 3 | €140,000 | €64,297 | -€75,703 | -54.1% |
| Contracts in progress | 37 | €140,000 | €64,297 | -€75,703 | -54.1% |
| Amounts receivable within one year | 40/41 | €404,822 | €330,465 | -€74,357 | -18.4% |
| Trade receivables | 40 | €164,144 | €207,556 | +€43,412 | +26.4% |
| Other amounts receivable | 41 | €240,678 | €122,908 | -€117,769 | -48.9% |
| Cash at bank and in hand | 54/58 | €162,857 | €124,429 | -€38,428 | -23.6% |
| Deferred charges and accrued income | 490/1 | €8,784 | €4,828 | -€3,957 | -45.0% |
| Total equity and liabilities | 10/49 | €897,454 | €693,965 | -€203,489 | -22.7% |
| Equity | 10/15 | €371,044 | €322,169 | -€48,875 | -13.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €365,850 | €365,850 | = | 0.0% |
| Distributable reserves | 133 | €365,850 | €365,850 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,206 | -€56,081 | -€48,875 | -678.2% |
| Amounts payable | 17/49 | €526,410 | €371,796 | -€154,614 | -29.4% |
| Amounts payable after more than one year | 17 | €75,424 | €60,472 | -€14,952 | -19.8% |
| Financial debts | 170/4 | €75,424 | €60,472 | -€14,952 | -19.8% |
| Amounts payable within one year | 42/48 | €446,377 | €309,935 | -€136,443 | -30.6% |
| Current portion of amounts payable after more than one year | 42 | €27,046 | €15,318 | -€11,728 | -43.4% |
| Financial debts | 43 | - | €10,149 | +€10,149 | |
| Credit institutions | 430/8 | - | €10,149 | +€10,149 | |
| Trade debts | 44 | €179,769 | €69,802 | -€109,967 | -61.2% |
| Suppliers | 440/4 | €179,769 | €69,802 | -€109,967 | -61.2% |
| Taxes, remuneration and social security | 45 | €13,862 | €0 | -€13,862 | -100.0% |
| Taxes | 450/3 | €7,991 | €0 | -€7,991 | -100.0% |
| Remuneration and social security | 454/9 | €5,870 | €0 | -€5,870 | -100.0% |
| Other amounts payable | 47/48 | €225,700 | €214,666 | -€11,034 | -4.9% |
| Accrued charges and deferred income | 492/3 | €4,608 | €1,389 | -€3,219 | -69.9% |
| Non-recurring operating income | 76A | €250 | €10,000 | +€9,750 | +3900.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,601 | €12,379 | -€30,222 | -70.9% |
| Other operating charges | 640/8 | €6,196 | €7,375 | +€1,179 | +19.0% |
| Gross operating margin | 9900 | €194,963 | -€16,699 | -€211,662 | |
| Operating profit (loss) | 9901 | €146,166 | -€36,454 | -€182,619 | |
| Financial income | 75/76B | €702 | €484 | -€218 | -31.1% |
| Recurring financial income | 75 | €702 | €484 | -€218 | -31.1% |
| Financial charges | 65/66B | €219,655 | €12,771 | -€206,884 | -94.2% |
| Recurring financial charges | 65 | €219,655 | €12,771 | -€206,884 | -94.2% |
| Profit (loss) for the period before taxes | 9903 | -€72,787 | -€48,741 | +€24,046 | +33.0% |
| Income taxes | 67/77 | €213 | €135 | -€78 | -36.8% |
| Profit (loss) for the period | 9904 | -€73,000 | -€48,875 | +€24,125 | +33.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€73,000 | -€48,875 | +€24,125 | +33.0% |
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 10 October 2026 via checked.be.