DALEX: 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.
DALEX
Largest movements
- Cash -€110,387
down €110,387 (-24.5%), from €451,139 to €340,752
mainly Tax, wage and social debts (-€132,692) and Receivables within one year (-€59,821)
- Receivables within one year +€59,821
up €59,821 (+12.1%), from €496,103 to €555,925
- Tax, wage and social debts -€132,692
down €132,692 (-100%), from €132,692 to €0
- Other debts +€94,183
up €94,183 (+10.4%), from €901,816 to €995,999
- Financial income -€1.5m
down €1.5m (-99.3%), from €1.5m to €9,922
- Taxes -€132,692
down €132,692 (-100%), from €132,692 to €0
- Financial charges +€2,276
up €2,276 (+13.9%), from €16,393 to €18,668
- Gross operating margin -€466
down €466 (-24.9%), from -€1,866 to -€2,332
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 | €2,726,362 | €2,675,796 | -€50,565 | -1.9% |
| Fixed assets | 21/28 | €1,779,120 | €1,779,120 | = | 0.0% |
| Financial fixed assets | 28 | €1,779,120 | €1,779,120 | = | 0.0% |
| Current assets | 29/58 | €947,242 | €896,677 | -€50,565 | -5.3% |
| Amounts receivable within one year | 40/41 | €496,103 | €555,925 | +€59,821 | +12.1% |
| Other amounts receivable | 41 | €496,103 | €555,925 | +€59,821 | +12.1% |
| Cash at bank and in hand | 54/58 | €451,139 | €340,752 | -€110,387 | -24.5% |
| Total equity and liabilities | 10/49 | €2,726,362 | €2,675,796 | -€50,565 | -1.9% |
| Equity | 10/15 | €1,691,418 | €1,679,247 | -€12,171 | -0.7% |
| Contributions | 10/11 | €364,500 | €364,500 | = | 0.0% |
| Capital | 10 | €364,500 | €364,500 | = | 0.0% |
| Issued capital | 100 | €364,500 | €364,500 | = | 0.0% |
| Reserves | 13 | €1,326,918 | €1,326,918 | = | 0.0% |
| Non-distributable reserves | 130/1 | €36,450 | €36,450 | = | 0.0% |
| Legal reserve | 130 | €36,450 | €36,450 | = | 0.0% |
| Distributable reserves | 133 | €1,290,468 | €1,290,468 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€12,171 | -€12,171 | |
| Amounts payable | 17/49 | €1,034,944 | €996,550 | -€38,394 | -3.7% |
| Amounts payable within one year | 42/48 | €1,034,944 | €996,550 | -€38,394 | -3.7% |
| Trade debts | 44 | €436 | €551 | +€115 | +26.4% |
| Suppliers | 440/4 | €436 | €551 | +€115 | +26.4% |
| Taxes, remuneration and social security | 45 | €132,692 | €0 | -€132,692 | -100% |
| Taxes | 450/3 | €132,692 | €0 | -€132,692 | -100% |
| Other amounts payable | 47/48 | €901,816 | €995,999 | +€94,183 | +10.4% |
| Other operating charges | 640/8 | €1,075 | €1,094 | +€18 | +1.7% |
| Gross operating margin | 9900 | -€1,866 | -€2,332 | -€466 | -24.9% |
| Operating profit (loss) | 9901 | -€2,941 | -€3,425 | -€484 | -16.4% |
| Financial income | 75/76B | €1,503,728 | €9,922 | -€1.5m | -99.3% |
| Recurring financial income | 75 | €1,503,728 | €9,922 | -€1.5m | -99.3% |
| Financial charges | 65/66B | €16,393 | €18,668 | +€2,276 | +13.9% |
| Recurring financial charges | 65 | €16,393 | €18,668 | +€2,276 | +13.9% |
| Profit (loss) for the period before taxes | 9903 | €1,484,393 | -€12,171 | -€1.5m | |
| Income taxes | 67/77 | €132,692 | €0 | -€132,692 | -100% |
| Profit (loss) for the period | 9904 | €1,351,702 | -€12,171 | -€1.4m | |
| Profit (loss) for the period to be appropriated | 9905 | €1,351,702 | -€12,171 | -€1.4m |
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 23 October 2026 via checked.be.