DALFINO: 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.
DALFINO
Largest movements
- Tangible fixed assets -€29,957
down €29,957 (-31.9%), from €93,944 to €63,987
of which Furniture and vehicles: -€29,127
- Current investments +€5,990
up €5,990 (+80.4%), from €7,448 to €13,438
- Cash +€4,453
up €4,453 (+47.5%), from €9,380 to €13,833
mainly Depreciation (+€29,957) and Net result for the year (+€10,566)
- Debts after one year -€21,579
down €21,579 (-41.2%), from €52,428 to €30,849
- Other debts -€11,098
down €11,098 (-61.4%), from €18,076 to €6,978
- Reserves +€10,566
up €10,566 (+24.9%), from €42,378 to €52,944
- Tax, wage and social debts +€3,515
up €3,515 (+185%), from €1,903 to €5,418
- Financial income +€15,547
up €15,547 (+1,151,643%), from €1 to €15,549
- Gross operating margin -€13,004
down €13,004 (-28.1%), from €46,247 to €33,243
- Depreciation +€5,152
up €5,152 (+20.8%), from €24,805 to €29,957
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 | €234,804 | €215,341 | -€19,463 | -8.3% |
| Fixed assets | 21/28 | €217,324 | €187,367 | -€29,957 | -13.8% |
| Tangible fixed assets | 22/27 | €93,944 | €63,987 | -€29,957 | -31.9% |
| Plant, machinery and equipment | 23 | €1,352 | €522 | -€830 | -61.4% |
| Furniture and vehicles | 24 | €92,592 | €63,465 | -€29,127 | -31.5% |
| Financial fixed assets | 28 | €123,380 | €123,380 | = | 0.0% |
| Current assets | 29/58 | €17,481 | €27,975 | +€10,494 | +60.0% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €7,448 | €13,438 | +€5,990 | +80.4% |
| Cash at bank and in hand | 54/58 | €9,380 | €13,833 | +€4,453 | +47.5% |
| Deferred charges and accrued income | 490/1 | €653 | €704 | +€51 | +7.7% |
| Total equity and liabilities | 10/49 | €234,804 | €215,341 | -€19,463 | -8.3% |
| Equity | 10/15 | €139,089 | €147,989 | +€8,900 | +6.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €42,378 | €52,944 | +€10,566 | +24.9% |
| Distributable reserves | 133 | €42,378 | €52,944 | +€10,566 | +24.9% |
| Profit (loss) carried forward | 14 | €76,711 | €75,045 | -€1,666 | -2.2% |
| Amounts payable | 17/49 | €95,715 | €67,352 | -€28,363 | -29.6% |
| Amounts payable after more than one year | 17 | €52,428 | €30,849 | -€21,579 | -41.2% |
| Financial debts | 170/4 | €52,428 | €30,849 | -€21,579 | -41.2% |
| Amounts payable within one year | 42/48 | €41,946 | €35,735 | -€6,211 | -14.8% |
| Current portion of amounts payable after more than one year | 42 | €21,086 | €21,579 | +€493 | +2.3% |
| Trade debts | 44 | €881 | €1,760 | +€879 | +99.8% |
| Suppliers | 440/4 | €881 | €1,760 | +€879 | +99.8% |
| Taxes, remuneration and social security | 45 | €1,903 | €5,418 | +€3,515 | +185% |
| Taxes | 450/3 | €1,903 | €5,418 | +€3,515 | +185% |
| Other amounts payable | 47/48 | €18,076 | €6,978 | -€11,098 | -61.4% |
| Accrued charges and deferred income | 492/3 | €1,340 | €767 | -€573 | -42.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,805 | €29,957 | +€5,152 | +20.8% |
| Other operating charges | 640/8 | €440 | €506 | +€65 | +14.8% |
| Non-recurring operating charges | 66A | €0 | €500 | +€500 | |
| Gross operating margin | 9900 | €46,247 | €33,243 | -€13,004 | -28.1% |
| Operating profit (loss) | 9901 | €21,001 | €2,280 | -€18,721 | -89.1% |
| Financial income | 75/76B | €1 | €15,549 | +€15,547 | +1,151,643% |
| Recurring financial income | 75 | €1 | €15,549 | +€15,547 | +1,151,643% |
| Financial charges | 65/66B | €2,616 | €2,644 | +€28 | +1.1% |
| Recurring financial charges | 65 | €2,616 | €2,644 | +€28 | +1.1% |
| Profit (loss) for the period before taxes | 9903 | €18,387 | €15,185 | -€3,202 | -17.4% |
| Income taxes | 67/77 | €4,903 | €4,619 | -€285 | -5.8% |
| Profit (loss) for the period | 9904 | €13,483 | €10,566 | -€2,917 | -21.6% |
| Profit (loss) for the period to be appropriated | 9905 | €13,483 | €10,566 | -€2,917 | -21.6% |
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 13 October 2026 via checked.be.