DALLO THOMAS: what changed
Two fiscal 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.
DALLO THOMAS
Largest movements
- Tangible fixed assets +€174,207
up €174,207 (+79.0%), from €220,431 to €394,638
of which Land and buildings: +€156,648
- Receivables within one year -€8,816
down €8,816 (-11.2%), from €78,984 to €70,168
of which Trade receivables: -€15,271
- Cash +€7,557
up €7,557 (+9.3%), from €81,099 to €88,656
mainly Debts after one year (+€176,187) and Depreciation (+€70,979)
- Debts after one year +€176,187
up €176,187 (+116.0%), from €151,845 to €328,033
- Profit (loss) carried forward -€51,929
down €51,929 (-43.5%), from €119,343 to €67,414
- Other debts +€31,640
up €31,640 (+122.2%), from €25,889 to €57,529
- Advances received -€18,440
down €18,440 (-82.0%), from €22,500 to €4,060
- Trade debts +€17,889
up €17,889 (+62.8%), from €28,484 to €46,374
- Depreciation -€36,462
down €36,462 (-33.9%), from €107,441 to €70,979
- Gross operating margin +€22,215
up €22,215 (+14.4%), from €154,004 to €176,219
- Financial charges +€8,475
up €8,475 (+132.2%), from €6,409 to €14,884
- Taxes +€6,601
up €6,601 (+84.8%), from €7,782 to €14,383
- Staff costs +€5,801
new in 2026: €5,801
From the 2025 result to the 2026 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.
Cash bridge derived
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €388,758 | €557,667 | +€168,909 | +43.4% |
| Fixed assets | 21/28 | €223,931 | €398,138 | +€174,207 | +77.8% |
| Tangible fixed assets | 22/27 | €220,431 | €394,638 | +€174,207 | +79.0% |
| Land and buildings | 22 | €133,052 | €289,700 | +€156,648 | +117.7% |
| Plant, machinery and equipment | 23 | €39,886 | €52,345 | +€12,458 | +31.2% |
| Furniture and vehicles | 24 | €47,493 | €52,594 | +€5,101 | +10.7% |
| Financial fixed assets | 28 | €3,500 | €3,500 | = | 0.0% |
| Current assets | 29/58 | €164,827 | €159,529 | -€5,298 | -3.2% |
| Amounts receivable within one year | 40/41 | €78,984 | €70,168 | -€8,816 | -11.2% |
| Trade receivables | 40 | €68,736 | €53,465 | -€15,271 | -22.2% |
| Other amounts receivable | 41 | €10,247 | €16,703 | +€6,455 | +63.0% |
| Cash at bank and in hand | 54/58 | €81,099 | €88,656 | +€7,557 | +9.3% |
| Deferred charges and accrued income | 490/1 | €4,744 | €706 | -€4,039 | -85.1% |
| Total equity and liabilities | 10/49 | €388,758 | €557,667 | +€168,909 | +43.4% |
| Equity | 10/15 | €121,343 | €69,414 | -€51,929 | -42.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €119,343 | €67,414 | -€51,929 | -43.5% |
| Amounts payable | 17/49 | €267,415 | €488,253 | +€220,838 | +82.6% |
| Amounts payable after more than one year | 17 | €151,845 | €328,033 | +€176,187 | +116.0% |
| Financial debts | 170/4 | €151,845 | €328,033 | +€176,187 | +116.0% |
| Amounts payable within one year | 42/48 | €115,570 | €158,789 | +€43,219 | +37.4% |
| Current portion of amounts payable after more than one year | 42 | €26,570 | €41,709 | +€15,139 | +57.0% |
| Trade debts | 44 | €28,484 | €46,374 | +€17,889 | +62.8% |
| Suppliers | 440/4 | €28,484 | €46,374 | +€17,889 | +62.8% |
| Advances received on contracts in progress | 46 | €22,500 | €4,060 | -€18,440 | -82.0% |
| Taxes, remuneration and social security | 45 | €12,126 | €9,117 | -€3,009 | -24.8% |
| Taxes | 450/3 | €12,126 | €9,117 | -€3,009 | -24.8% |
| Remuneration and social security | 454/9 | - | €0 | = | |
| Other amounts payable | 47/48 | €25,889 | €57,529 | +€31,640 | +122.2% |
| Accrued charges and deferred income | 492/3 | - | €1,431 | +€1,431 | |
| Remuneration, social security and pensions | 62 | - | €5,801 | +€5,801 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €107,441 | €70,979 | -€36,462 | -33.9% |
| Other operating charges | 640/8 | €1,720 | €2,898 | +€1,178 | +68.5% |
| Gross operating margin | 9900 | €154,004 | €176,219 | +€22,215 | +14.4% |
| Operating profit (loss) | 9901 | €44,842 | €96,540 | +€51,698 | +115.3% |
| Financial income | 75/76B | €49 | €140 | +€91 | +185.4% |
| Recurring financial income | 75 | €49 | €140 | +€91 | +185.4% |
| Financial charges | 65/66B | €6,409 | €14,884 | +€8,475 | +132.2% |
| Recurring financial charges | 65 | €6,409 | €14,884 | +€8,475 | +132.2% |
| Profit (loss) for the period before taxes | 9903 | €38,483 | €81,797 | +€43,314 | +112.6% |
| Income taxes | 67/77 | €7,782 | €14,383 | +€6,601 | +84.8% |
| Profit (loss) for the period | 9904 | €30,701 | €67,414 | +€36,713 | +119.6% |
| Profit (loss) for the period to be appropriated | 9905 | €30,701 | €67,414 | +€36,713 | +119.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.