DALI: what changed
DALI
Largest movements
- Receivables within one year -€48,094
down €48,094 (-68.4%), from €70,299 to €22,206
of which Trade receivables: -€47,493
- Cash +€21,001
up €21,001 (+62.3%), from €33,711 to €54,712
mainly Net result for the year (+€56,955) and Receivables within one year (+€48,094)
- Other debts -€102,503
down €102,503 (-11.0%), from €934,678 to €832,176
- Reserves +€56,955
up €56,955 (+105%), from €54,254 to €111,209
- Tax, wage and social debts +€19,813
up €19,813 (+101%), from €19,603 to €39,416
of which Taxes: +€16,758
- Debts after one year -€13,122
down €13,122 (-7.8%), from €168,940 to €155,819
- Financial income +€22,738
new in 2025: €22,738
- Gross operating margin -€7,592
down €7,592 (-9.1%), from €82,985 to €75,393
- Depreciation +€1,344
up €1,344 (+8.5%), from €15,851 to €17,195
- Taxes -€1,131
down €1,131 (-7.0%), from €16,110 to €14,979
- Other operating charges +€1,024
up €1,024 (+122%), from €836 to €1,860
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,200,004 | €1,164,372 | -€35,632 | -3.0% |
| Fixed assets | 21/28 | €1,094,813 | €1,086,215 | -€8,598 | -0.8% |
| Tangible fixed assets | 22/27 | €207,561 | €198,963 | -€8,598 | -4.1% |
| Land and buildings | 22 | €172,104 | €166,104 | -€6,000 | -3.5% |
| Furniture and vehicles | 24 | €35,456 | €32,859 | -€2,598 | -7.3% |
| Financial fixed assets | 28 | €887,252 | €887,252 | = | 0.0% |
| Current assets | 29/58 | €105,191 | €78,157 | -€27,034 | -25.7% |
| Amounts receivable within one year | 40/41 | €70,299 | €22,206 | -€48,094 | -68.4% |
| Trade receivables | 40 | €69,698 | €22,206 | -€47,493 | -68.1% |
| Other amounts receivable | 41 | €601 | - | -€601 | |
| Cash at bank and in hand | 54/58 | €33,711 | €54,712 | +€21,001 | +62.3% |
| Deferred charges and accrued income | 490/1 | €1,181 | €1,240 | +€59 | +5.0% |
| Total equity and liabilities | 10/49 | €1,200,004 | €1,164,372 | -€35,632 | -3.0% |
| Equity | 10/15 | €57,254 | €114,209 | +€56,955 | +99.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €54,254 | €111,209 | +€56,955 | +105% |
| Distributable reserves | 133 | €54,254 | €111,209 | +€56,955 | +105% |
| Amounts payable | 17/49 | €1,142,750 | €1,050,163 | -€92,587 | -8.1% |
| Amounts payable after more than one year | 17 | €168,940 | €155,819 | -€13,122 | -7.8% |
| Financial debts | 170/4 | €168,940 | €155,819 | -€13,122 | -7.8% |
| Amounts payable within one year | 42/48 | €973,810 | €894,344 | -€79,466 | -8.2% |
| Current portion of amounts payable after more than one year | 42 | €12,625 | €13,122 | +€497 | +3.9% |
| Trade debts | 44 | €6,904 | €9,631 | +€2,727 | +39.5% |
| Suppliers | 440/4 | €6,904 | €9,631 | +€2,727 | +39.5% |
| Taxes, remuneration and social security | 45 | €19,603 | €39,416 | +€19,813 | +101% |
| Taxes | 450/3 | €17,244 | €34,003 | +€16,758 | +97.2% |
| Remuneration and social security | 454/9 | €2,358 | €5,413 | +€3,055 | +130% |
| Other amounts payable | 47/48 | €934,678 | €832,176 | -€102,503 | -11.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,851 | €17,195 | +€1,344 | +8.5% |
| Other operating charges | 640/8 | €836 | €1,860 | +€1,024 | +122% |
| Gross operating margin | 9900 | €82,985 | €75,393 | -€7,592 | -9.1% |
| Operating profit (loss) | 9901 | €66,298 | €56,338 | -€9,960 | -15.0% |
| Financial income | 75/76B | - | €22,738 | +€22,738 | |
| Recurring financial income | 75 | - | €22,738 | +€22,738 | |
| Financial charges | 65/66B | €7,676 | €7,141 | -€534 | -7.0% |
| Recurring financial charges | 65 | €7,676 | €7,141 | -€534 | -7.0% |
| Profit (loss) for the period before taxes | 9903 | €58,622 | €71,935 | +€13,312 | +22.7% |
| Income taxes | 67/77 | €16,110 | €14,979 | -€1,131 | -7.0% |
| Profit (loss) for the period | 9904 | €42,512 | €56,955 | +€14,443 | +34.0% |
| Profit (loss) for the period to be appropriated | 9905 | €42,512 | €56,955 | +€14,443 | +34.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.