DALL'ELITE: what changed
DALL'ELITE
Largest movements
- Receivables within one year +€41,430
up €41,430 (+25.4%), from €163,169 to €204,599
of which Trade receivables: +€21,927
- Tangible fixed assets -€4,649
down €4,649 (-28.8%), from €16,118 to €11,469
of which Plant, machinery and equipment: -€3,069
- Cash -€2,647
down €2,647 (-99.1%), from €2,670 to €23
mainly Receivables within one year (-€41,430) and Contributions, distributions and other (-€32,840)
- Deferred charges and accrued income +€2,337
up €2,337 (+112%), from €2,088 to €4,425
- Other debts +€32,840
new in 2025: €32,840
- Short-term financial debts +€19,150
new in 2025: €19,150
- Reserves -€16,899
down €16,899 (-12.8%), from €132,528 to €115,629
- Staff costs +€16,710
up €16,710 (+928%), from €1,800 to €18,510
- Gross operating margin +€15,046
up €15,046 (+39.8%), from €37,790 to €52,836
- Other operating charges +€2,936
up €2,936 (+367%), from €800 to €3,736
- Financial charges +€2,856
up €2,856 (+36.5%), from €7,818 to €10,674
of which Non-recurring financial charges: +€3,117
- Taxes -€2,198
down €2,198 (-24.2%), from €9,067 to €6,868
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 | €187,895 | €224,366 | +€36,471 | +19.4% |
| Fixed assets | 21/28 | €19,968 | €15,319 | -€4,649 | -23.3% |
| Tangible fixed assets | 22/27 | €16,118 | €11,469 | -€4,649 | -28.8% |
| Plant, machinery and equipment | 23 | €8,196 | €5,127 | -€3,069 | -37.4% |
| Furniture and vehicles | 24 | €6,913 | €5,507 | -€1,406 | -20.3% |
| Other tangible fixed assets | 26 | €1,009 | €835 | -€174 | -17.3% |
| Financial fixed assets | 28 | €3,850 | €3,850 | = | 0.0% |
| Current assets | 29/58 | €167,926 | €209,047 | +€41,120 | +24.5% |
| Amounts receivable within one year | 40/41 | €163,169 | €204,599 | +€41,430 | +25.4% |
| Trade receivables | 40 | €30,331 | €52,257 | +€21,927 | +72.3% |
| Other amounts receivable | 41 | €132,839 | €152,342 | +€19,503 | +14.7% |
| Cash at bank and in hand | 54/58 | €2,670 | €23 | -€2,647 | -99.1% |
| Deferred charges and accrued income | 490/1 | €2,088 | €4,425 | +€2,337 | +112% |
| Total equity and liabilities | 10/49 | €187,895 | €224,366 | +€36,471 | +19.4% |
| Equity | 10/15 | €147,350 | €130,451 | -€16,899 | -11.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €132,528 | €115,629 | -€16,899 | -12.8% |
| Distributable reserves | 133 | €132,528 | €115,629 | -€16,899 | -12.8% |
| Profit (loss) carried forward | 14 | €2,421 | €2,421 | = | 0.0% |
| Amounts payable | 17/49 | €40,545 | €93,915 | +€53,370 | +132% |
| Amounts payable after more than one year | 17 | €5,420 | €3,717 | -€1,703 | -31.4% |
| Financial debts | 170/4 | €5,420 | €3,717 | -€1,703 | -31.4% |
| Amounts payable within one year | 42/48 | €35,125 | €90,198 | +€55,074 | +157% |
| Current portion of amounts payable after more than one year | 42 | €1,608 | €1,703 | +€96 | +5.9% |
| Financial debts | 43 | - | €19,150 | +€19,150 | |
| Credit institutions | 430/8 | - | €19,150 | +€19,150 | |
| Trade debts | 44 | €17,443 | €19,350 | +€1,907 | +10.9% |
| Suppliers | 440/4 | €17,443 | €19,350 | +€1,907 | +10.9% |
| Taxes, remuneration and social security | 45 | €16,074 | €17,154 | +€1,080 | +6.7% |
| Taxes | 450/3 | €16,074 | €17,154 | +€1,080 | +6.7% |
| Other amounts payable | 47/48 | - | €32,840 | +€32,840 | |
| Non-recurring operating income | 76A | €20,990 | - | -€20,990 | |
| Remuneration, social security and pensions | 62 | €1,800 | €18,510 | +€16,710 | +928% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,492 | €4,649 | +€1,157 | +33.1% |
| Other operating charges | 640/8 | €800 | €3,736 | +€2,936 | +367% |
| Non-recurring operating charges | 66A | €559 | - | -€559 | |
| Gross operating margin | 9900 | €37,790 | €52,836 | +€15,046 | +39.8% |
| Operating profit (loss) | 9901 | €31,138 | €25,941 | -€5,198 | -16.7% |
| Financial income | 75/76B | €7,478 | €7,543 | +€66 | +0.9% |
| Recurring financial income | 75 | €7,478 | €7,543 | +€66 | +0.9% |
| Financial charges | 65/66B | €7,818 | €10,674 | +€2,856 | +36.5% |
| Recurring financial charges | 65 | €3,818 | €3,557 | -€261 | -6.8% |
| Non-recurring financial charges | 66B | €4,000 | €7,117 | +€3,117 | +77.9% |
| Profit (loss) for the period before taxes | 9903 | €30,798 | €22,810 | -€7,989 | -25.9% |
| Income taxes | 67/77 | €9,067 | €6,868 | -€2,198 | -24.2% |
| Profit (loss) for the period | 9904 | €21,732 | €15,942 | -€5,790 | -26.6% |
| Profit (loss) for the period to be appropriated | 9905 | €21,732 | €15,942 | -€5,790 | -26.6% |
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 2 November 2026 via checked.be.