DALETI: 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.
DALETI
Largest movements
- Tangible fixed assets +€138,953
up €138,953 (+8.0%), from €1.7m to €1.9m
of which Leasing and similar rights: +€96,197
- Trade debts +€167,255
up €167,255 (+36.8%), from €454,609 to €621,864
- Other debts -€136,312
down €136,312 (-65.9%), from €206,982 to €70,670
- Reserves +€131,429
up €131,429 (+255.3%), from €51,473 to €182,902
- Accrued charges and deferred income -€58,809
no longer reported in 2025 (was €58,809)
- Tax, wage and social debts +€28,395
up €28,395 (+135.1%), from €21,015 to €49,410
of which Taxes: +€15,645
- Gross operating margin +€170,664
up €170,664 (+111.6%), from €152,969 to €323,633
- Depreciation +€29,317
up €29,317 (+27.8%), from €105,389 to €134,707
- Taxes +€22,555
new in 2025: €22,555
- Other operating charges +€4,655
up €4,655 (+68.7%), from €6,775 to €11,430
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 | €1,848,911 | €2,003,571 | +€154,660 | +8.4% |
| Fixed assets | 21/28 | €1,739,987 | €1,878,940 | +€138,953 | +8.0% |
| Tangible fixed assets | 22/27 | €1,737,487 | €1,876,440 | +€138,953 | +8.0% |
| Land and buildings | 22 | €1,592,203 | €1,608,331 | +€16,129 | +1.0% |
| Plant, machinery and equipment | 23 | €28,045 | €24,571 | -€3,474 | -12.4% |
| Furniture and vehicles | 24 | €11,144 | €41,246 | +€30,101 | +270.1% |
| Leasing and similar rights | 25 | €106,095 | €202,292 | +€96,197 | +90.7% |
| Financial fixed assets | 28 | €2,500 | €2,500 | = | 0.0% |
| Current assets | 29/58 | €108,924 | €124,631 | +€15,707 | +14.4% |
| Amounts receivable within one year | 40/41 | €99,037 | €96,415 | -€2,622 | -2.6% |
| Trade receivables | 40 | €97,950 | €45,287 | -€52,662 | -53.8% |
| Other amounts receivable | 41 | €1,087 | €51,128 | +€50,041 | +4602.3% |
| Cash at bank and in hand | 54/58 | €7,495 | €11,165 | +€3,671 | +49.0% |
| Deferred charges and accrued income | 490/1 | €2,393 | €17,051 | +€14,658 | +612.7% |
| Total equity and liabilities | 10/49 | €1,848,911 | €2,003,571 | +€154,660 | +8.4% |
| Equity | 10/15 | €56,473 | €187,902 | +€131,429 | +232.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €51,473 | €182,902 | +€131,429 | +255.3% |
| Distributable reserves | 133 | €51,473 | €182,902 | +€131,429 | +255.3% |
| Amounts payable | 17/49 | €1,792,438 | €1,815,670 | +€23,231 | +1.3% |
| Amounts payable after more than one year | 17 | €953,092 | €956,433 | +€3,341 | +0.4% |
| Financial debts | 170/4 | €953,092 | €956,433 | +€3,341 | +0.4% |
| Amounts payable within one year | 42/48 | €780,537 | €859,236 | +€78,700 | +10.1% |
| Current portion of amounts payable after more than one year | 42 | €97,930 | €117,292 | +€19,362 | +19.8% |
| Trade debts | 44 | €454,609 | €621,864 | +€167,255 | +36.8% |
| Suppliers | 440/4 | €454,609 | €621,864 | +€167,255 | +36.8% |
| Taxes, remuneration and social security | 45 | €21,015 | €49,410 | +€28,395 | +135.1% |
| Taxes | 450/3 | €16,765 | €32,410 | +€15,645 | +93.3% |
| Remuneration and social security | 454/9 | €4,250 | €17,000 | +€12,750 | +300.0% |
| Other amounts payable | 47/48 | €206,982 | €70,670 | -€136,312 | -65.9% |
| Accrued charges and deferred income | 492/3 | €58,809 | - | -€58,809 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €105,389 | €134,707 | +€29,317 | +27.8% |
| Other operating charges | 640/8 | €6,775 | €11,430 | +€4,655 | +68.7% |
| Gross operating margin | 9900 | €152,969 | €323,633 | +€170,664 | +111.6% |
| Operating profit (loss) | 9901 | €40,805 | €177,496 | +€136,691 | +335.0% |
| Financial charges | 65/66B | €23,689 | €23,512 | -€177 | -0.7% |
| Recurring financial charges | 65 | €23,689 | €23,512 | -€177 | -0.7% |
| Profit (loss) for the period before taxes | 9903 | €17,115 | €153,984 | +€136,869 | +799.7% |
| Income taxes | 67/77 | - | €22,555 | +€22,555 | |
| Profit (loss) for the period | 9904 | €17,115 | €131,429 | +€114,314 | +667.9% |
| Profit (loss) for the period to be appropriated | 9905 | €17,115 | €131,429 | +€114,314 | +667.9% |
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 30 September 2026 via checked.be.