DALEXCO: 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.
DALEXCO
Largest movements
- Receivables after one year -€70,550
down €70,550 (-100%), from €70,550 to €0
- Receivables within one year -€47,644
down €47,644 (-64.4%), from €74,017 to €26,373
of which Other amounts receivable: -€48,148
- Tangible fixed assets +€34,645
up €34,645 (+11.7%), from €295,496 to €330,141
of which Leasing and similar rights: +€37,292
- Cash +€27,163
up €27,163 (+285%), from €9,527 to €36,689
mainly Receivables after one year (+€70,550) and Receivables within one year (+€47,644)
- Reserves -€104,166
down €104,166 (-42.2%), from €246,753 to €142,587
of which Distributable reserves: -€104,166
- Debts after one year +€36,112
up €36,112 (+26.1%), from €138,371 to €174,483
of which Other amounts payable: +€75,000
- Other debts +€17,950
up €17,950 (+92.4%), from €19,427 to €37,377
- Tax, wage and social debts -€4,546
down €4,546 (-22.9%), from €19,872 to €15,326
- Depreciation -€12,622
down €12,622 (-39.6%), from €31,904 to €19,282
- Taxes -€2,244
down €2,244 (-15.3%), from €14,657 to €12,413
- Gross operating margin +€1,703
up €1,703 (+2.1%), from €81,873 to €83,576
- Financial income -€1,181
down €1,181 (-41.7%), from €2,830 to €1,648
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 | €452,420 | €396,545 | -€55,875 | -12.4% |
| Fixed assets | 21/28 | €295,496 | €330,141 | +€34,645 | +11.7% |
| Tangible fixed assets | 22/27 | €295,496 | €330,141 | +€34,645 | +11.7% |
| Land and buildings | 22 | €223,932 | €213,091 | -€10,841 | -4.8% |
| Furniture and vehicles | 24 | €3,455 | €11,649 | +€8,194 | +237% |
| Leasing and similar rights | 25 | €68,110 | €105,402 | +€37,292 | +54.8% |
| Current assets | 29/58 | €156,923 | €66,403 | -€90,520 | -57.7% |
| Amounts receivable after more than one year | 29 | €70,550 | €0 | -€70,550 | -100% |
| Other amounts receivable | 291 | €70,550 | €0 | -€70,550 | -100% |
| Amounts receivable within one year | 40/41 | €74,017 | €26,373 | -€47,644 | -64.4% |
| Trade receivables | 40 | €25,264 | €25,769 | +€505 | +2.0% |
| Other amounts receivable | 41 | €48,752 | €604 | -€48,148 | -98.8% |
| Cash at bank and in hand | 54/58 | €9,527 | €36,689 | +€27,163 | +285% |
| Deferred charges and accrued income | 490/1 | €2,830 | €3,341 | +€511 | +18.1% |
| Total equity and liabilities | 10/49 | €452,420 | €396,545 | -€55,875 | -12.4% |
| Equity | 10/15 | €247,953 | €143,787 | -€104,166 | -42.0% |
| Contributions | 10/11 | €1,200 | €1,200 | = | 0.0% |
| Reserves | 13 | €246,753 | €142,587 | -€104,166 | -42.2% |
| Tax-exempt reserves | 132 | €125 | €125 | = | 0.0% |
| Distributable reserves | 133 | €246,629 | €142,463 | -€104,166 | -42.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €204,466 | €252,757 | +€48,291 | +23.6% |
| Amounts payable after more than one year | 17 | €138,371 | €174,483 | +€36,112 | +26.1% |
| Financial debts | 170/4 | €138,371 | €99,483 | -€38,888 | -28.1% |
| Other amounts payable | 178/9 | - | €75,000 | +€75,000 | |
| Amounts payable within one year | 42/48 | €62,608 | €76,092 | +€13,484 | +21.5% |
| Current portion of amounts payable after more than one year | 42 | €15,811 | €17,732 | +€1,922 | +12.2% |
| Trade debts | 44 | €7,498 | €5,656 | -€1,842 | -24.6% |
| Suppliers | 440/4 | €7,498 | €5,656 | -€1,842 | -24.6% |
| Taxes, remuneration and social security | 45 | €19,872 | €15,326 | -€4,546 | -22.9% |
| Taxes | 450/3 | €19,872 | €15,326 | -€4,546 | -22.9% |
| Other amounts payable | 47/48 | €19,427 | €37,377 | +€17,950 | +92.4% |
| Accrued charges and deferred income | 492/3 | €3,487 | €2,182 | -€1,305 | -37.4% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,904 | €19,282 | -€12,622 | -39.6% |
| Other operating charges | 640/8 | €1,587 | €1,423 | -€164 | -10.3% |
| Non-recurring operating charges | 66A | - | €21,931 | +€21,931 | |
| Gross operating margin | 9900 | €81,873 | €83,576 | +€1,703 | +2.1% |
| Operating profit (loss) | 9901 | €48,381 | €40,939 | -€7,442 | -15.4% |
| Financial income | 75/76B | €2,830 | €1,648 | -€1,181 | -41.7% |
| Recurring financial income | 75 | €2,830 | €1,648 | -€1,181 | -41.7% |
| Financial charges | 65/66B | €4,807 | €5,458 | +€651 | +13.5% |
| Recurring financial charges | 65 | €4,807 | €5,458 | +€651 | +13.5% |
| Profit (loss) for the period before taxes | 9903 | €46,405 | €37,130 | -€9,275 | -20.0% |
| Income taxes | 67/77 | €14,657 | €12,413 | -€2,244 | -15.3% |
| Profit (loss) for the period | 9904 | €31,748 | €24,717 | -€7,031 | -22.1% |
| Profit (loss) for the period to be appropriated | 9905 | €31,748 | €24,717 | -€7,031 | -22.1% |
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 28 October 2026 via checked.be.