DALO: 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.
DALO
Largest movements
- Current investments +€175,000
new in 2025: €175,000
- Cash -€78,501
down €78,501 (-59.8%), from €131,255 to €52,753
mainly Current investments (-€175,000) and Receivables within one year (-€18,328)
- Receivables within one year +€18,328
up €18,328 (+101.8%), from €18,007 to €36,335
of which Trade receivables: +€18,848
- Tangible fixed assets -€11,246
down €11,246 (-39.2%), from €28,672 to €17,426
of which Furniture and vehicles: -€10,656
- Reserves +€105,556
up €105,556 (+76.3%), from €138,404 to €243,960
- Tax, wage and social debts +€3,382
up €3,382 (+15.7%), from €21,548 to €24,930
- Gross operating margin -€47,899
down €47,899 (-24.9%), from €192,401 to €144,501
- Taxes -€11,542
down €11,542 (-28.0%), from €41,215 to €29,674
- Depreciation -€3,006
down €3,006 (-34.7%), from €8,669 to €5,663
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.
Cash bridge derived
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 | €177,934 | €282,963 | +€105,029 | +59.0% |
| Fixed assets | 21/28 | €28,672 | €17,426 | -€11,246 | -39.2% |
| Tangible fixed assets | 22/27 | €28,672 | €17,426 | -€11,246 | -39.2% |
| Plant, machinery and equipment | 23 | €2,770 | €2,180 | -€590 | -21.3% |
| Furniture and vehicles | 24 | €25,902 | €15,247 | -€10,656 | -41.1% |
| Current assets | 29/58 | €149,262 | €265,536 | +€116,274 | +77.9% |
| Amounts receivable within one year | 40/41 | €18,007 | €36,335 | +€18,328 | +101.8% |
| Trade receivables | 40 | €17,487 | €36,335 | +€18,848 | +107.8% |
| Other amounts receivable | 41 | €521 | - | -€521 | |
| Current investments | 50/53 | - | €175,000 | +€175,000 | |
| Cash at bank and in hand | 54/58 | €131,255 | €52,753 | -€78,501 | -59.8% |
| Deferred charges and accrued income | 490/1 | - | €1,448 | +€1,448 | |
| Total equity and liabilities | 10/49 | €177,934 | €282,963 | +€105,029 | +59.0% |
| Equity | 10/15 | €143,404 | €248,960 | +€105,556 | +73.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €138,404 | €243,960 | +€105,556 | +76.3% |
| Distributable reserves | 133 | €138,404 | €243,960 | +€105,556 | +76.3% |
| Amounts payable | 17/49 | €34,530 | €34,003 | -€527 | -1.5% |
| Amounts payable within one year | 42/48 | €29,939 | €31,920 | +€1,981 | +6.6% |
| Trade debts | 44 | €1,849 | €2,155 | +€306 | +16.5% |
| Suppliers | 440/4 | €1,849 | €2,155 | +€306 | +16.5% |
| Taxes, remuneration and social security | 45 | €21,548 | €24,930 | +€3,382 | +15.7% |
| Taxes | 450/3 | €21,548 | €24,930 | +€3,382 | +15.7% |
| Other amounts payable | 47/48 | €6,542 | €4,835 | -€1,706 | -26.1% |
| Accrued charges and deferred income | 492/3 | €4,591 | €2,083 | -€2,508 | -54.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,669 | €5,663 | -€3,006 | -34.7% |
| Other operating charges | 640/8 | €1,597 | €889 | -€708 | -44.3% |
| Non-recurring operating charges | 66A | €169 | €583 | +€413 | +244.1% |
| Gross operating margin | 9900 | €192,401 | €144,501 | -€47,899 | -24.9% |
| Operating profit (loss) | 9901 | €181,966 | €137,367 | -€44,599 | -24.5% |
| Financial charges | 65/66B | €628 | €471 | -€157 | -25.0% |
| Recurring financial charges | 65 | €628 | €471 | -€157 | -25.0% |
| Profit (loss) for the period before taxes | 9903 | €181,338 | €136,896 | -€44,442 | -24.5% |
| Income taxes | 67/77 | €41,215 | €29,674 | -€11,542 | -28.0% |
| Profit (loss) for the period | 9904 | €140,122 | €107,222 | -€32,901 | -23.5% |
| Profit (loss) for the period to be appropriated | 9905 | €140,122 | €107,222 | -€32,901 | -23.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.