DALERO: what changed
Two fiscal 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.
DALERO
Largest movements
- Current investments +€44,716
up €44,716 (+7.6%), from €590,756 to €635,472
- Receivables within one year -€27,686
down €27,686 (-59.0%), from €46,913 to €19,227
of which Other amounts receivable: -€34,813
- Other debts +€43,770
up €43,770 (+94.9%), from €46,102 to €89,872
- Reserves -€39,038
down €39,038 (-5.8%), from €672,632 to €633,594
- Gross operating margin -€64,653
down €64,653 (-50.2%), from €128,811 to €64,158
- Taxes -€17,825
down €17,825 (-39.1%), from €45,544 to €27,719
- Financial income +€5,814
up €5,814 (+22.6%), from €25,733 to €31,547
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 | €748,559 | €761,380 | +€12,821 | +1.7% |
| Fixed assets | 21/28 | €2,025 | €2,832 | +€807 | +39.9% |
| Tangible fixed assets | 22/27 | - | €807 | +€807 | |
| Plant, machinery and equipment | 23 | - | €807 | +€807 | |
| Financial fixed assets | 28 | €2,025 | €2,025 | = | 0.0% |
| Current assets | 29/58 | €746,534 | €758,548 | +€12,014 | +1.6% |
| Amounts receivable within one year | 40/41 | €46,913 | €19,227 | -€27,686 | -59.0% |
| Trade receivables | 40 | €12,100 | €19,227 | +€7,127 | +58.9% |
| Other amounts receivable | 41 | €34,813 | - | -€34,813 | |
| Current investments | 50/53 | €590,756 | €635,472 | +€44,716 | +7.6% |
| Cash at bank and in hand | 54/58 | €106,640 | €101,657 | -€4,983 | -4.7% |
| Deferred charges and accrued income | 490/1 | €2,225 | €2,192 | -€33 | -1.5% |
| Total equity and liabilities | 10/49 | €748,559 | €761,380 | +€12,821 | +1.7% |
| Equity | 10/15 | €691,232 | €652,194 | -€39,038 | -5.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €672,632 | €633,594 | -€39,038 | -5.8% |
| Distributable reserves | 133 | €672,632 | €633,594 | -€39,038 | -5.8% |
| Amounts payable | 17/49 | €57,327 | €109,186 | +€51,859 | +90.5% |
| Amounts payable within one year | 42/48 | €57,327 | €109,186 | +€51,859 | +90.5% |
| Trade debts | 44 | €724 | €6,351 | +€5,627 | +777.2% |
| Suppliers | 440/4 | €724 | €6,351 | +€5,627 | +777.2% |
| Taxes, remuneration and social security | 45 | €10,501 | €12,963 | +€2,462 | +23.4% |
| Taxes | 450/3 | €10,501 | €12,963 | +€2,462 | +23.4% |
| Other amounts payable | 47/48 | €46,102 | €89,872 | +€43,770 | +94.9% |
| Non-recurring operating income | 76A | €29,446 | - | -€29,446 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €316 | +€316 | |
| Other operating charges | 640/8 | €979 | €1,150 | +€171 | +17.5% |
| Gross operating margin | 9900 | €128,811 | €64,158 | -€64,653 | -50.2% |
| Operating profit (loss) | 9901 | €127,832 | €62,692 | -€65,140 | -51.0% |
| Financial income | 75/76B | €25,733 | €31,547 | +€5,814 | +22.6% |
| Recurring financial income | 75 | €25,733 | €31,547 | +€5,814 | +22.6% |
| Financial charges | 65/66B | €5,926 | €6,324 | +€398 | +6.7% |
| Recurring financial charges | 65 | €5,926 | €6,324 | +€398 | +6.7% |
| Profit (loss) for the period before taxes | 9903 | €147,639 | €87,915 | -€59,724 | -40.5% |
| Income taxes | 67/77 | €45,544 | €27,719 | -€17,825 | -39.1% |
| Profit (loss) for the period | 9904 | €102,095 | €60,196 | -€41,899 | -41.0% |
| Profit (loss) for the period to be appropriated | 9905 | €102,095 | €60,196 | -€41,899 | -41.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.