DALOTRANS: 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.
DALOTRANS
Largest movements
- Tangible fixed assets +€380,539
up €380,539 (+24.4%), from €1.6m to €1.9m
of which Leasing and similar rights: +€427,679
- Receivables within one year -€189,922
down €189,922 (-38.7%), from €490,770 to €300,849
of which Trade receivables: -€203,752
- Cash +€185,333
up €185,333 (+250%), from €74,082 to €259,415
mainly Depreciation (+€482,665) and Debts after one year (+€269,843)
- Deferred charges and accrued income -€65,252
down €65,252 (-62.4%), from €104,552 to €39,299
- Debts after one year +€269,843
up €269,843 (+33.4%), from €807,450 to €1.1m
- Trade debts -€121,662
down €121,662 (-34.5%), from €352,846 to €231,184
- Current portion of long-term debt +€101,390
up €101,390 (+33.3%), from €304,530 to €405,920
- Short-term financial debts +€43,756
up €43,756 (+322%), from €13,588 to €57,344
of which Other loans: +€26,619
- Reserves +€37,899
up €37,899 (+10.7%), from €355,404 to €393,303
of which Distributable reserves: +€44,372
- Gross operating margin +€119,131
up €119,131 (+8.9%), from €1.3m to €1.5m
- Depreciation +€83,240
up €83,240 (+20.8%), from €399,425 to €482,665
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 | €2,262,548 | €2,572,609 | +€310,061 | +13.7% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €1,569,615 | €1,950,154 | +€380,539 | +24.2% |
| Tangible fixed assets | 22/27 | €1,560,100 | €1,940,639 | +€380,539 | +24.4% |
| Land and buildings | 22 | €852,642 | €770,693 | -€81,949 | -9.6% |
| Plant, machinery and equipment | 23 | €50,595 | €49,057 | -€1,537 | -3.0% |
| Furniture and vehicles | 24 | €247,840 | €284,186 | +€36,346 | +14.7% |
| Leasing and similar rights | 25 | €409,024 | €836,703 | +€427,679 | +105% |
| Financial fixed assets | 28 | €9,515 | €9,515 | = | 0.0% |
| Current assets | 29/58 | €692,933 | €622,455 | -€70,478 | -10.2% |
| Stocks and contracts in progress | 3 | €23,529 | €22,892 | -€637 | -2.7% |
| Stocks | 30/36 | €23,529 | €22,892 | -€637 | -2.7% |
| Amounts receivable within one year | 40/41 | €490,770 | €300,849 | -€189,922 | -38.7% |
| Trade receivables | 40 | €484,984 | €281,232 | -€203,752 | -42.0% |
| Other amounts receivable | 41 | €5,786 | €19,617 | +€13,831 | +239% |
| Cash at bank and in hand | 54/58 | €74,082 | €259,415 | +€185,333 | +250% |
| Deferred charges and accrued income | 490/1 | €104,552 | €39,299 | -€65,252 | -62.4% |
| Total equity and liabilities | 10/49 | €2,262,548 | €2,572,609 | +€310,061 | +13.7% |
| Equity | 10/15 | €380,204 | €414,303 | +€34,099 | +9.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €355,404 | €393,303 | +€37,899 | +10.7% |
| Tax-exempt reserves | 132 | €143,526 | €137,053 | -€6,474 | -4.5% |
| Distributable reserves | 133 | €211,877 | €256,250 | +€44,372 | +20.9% |
| Investment grants | 15 | €6,200 | €2,400 | -€3,800 | -61.3% |
| Provisions and deferred taxes | 16 | €17,944 | €16,326 | -€1,618 | -9.0% |
| Deferred taxes | 168 | €17,944 | €16,326 | -€1,618 | -9.0% |
| Amounts payable | 17/49 | €1,864,400 | €2,141,980 | +€277,580 | +14.9% |
| Amounts payable after more than one year | 17 | €807,450 | €1,077,293 | +€269,843 | +33.4% |
| Financial debts | 170/4 | €807,450 | €1,077,293 | +€269,843 | +33.4% |
| Amounts payable within one year | 42/48 | €1,056,069 | €1,061,511 | +€5,442 | +0.5% |
| Current portion of amounts payable after more than one year | 42 | €304,530 | €405,920 | +€101,390 | +33.3% |
| Financial debts | 43 | €13,588 | €57,344 | +€43,756 | +322% |
| Credit institutions | 430/8 | €2,358 | €19,495 | +€17,137 | +727% |
| Other loans | 439 | €11,230 | €37,849 | +€26,619 | +237% |
| Trade debts | 44 | €352,846 | €231,184 | -€121,662 | -34.5% |
| Suppliers | 440/4 | €352,846 | €231,184 | -€121,662 | -34.5% |
| Taxes, remuneration and social security | 45 | €97,395 | €87,332 | -€10,062 | -10.3% |
| Taxes | 450/3 | €24,669 | €14,724 | -€9,945 | -40.3% |
| Remuneration and social security | 454/9 | €72,726 | €72,608 | -€118 | -0.2% |
| Other amounts payable | 47/48 | €287,710 | €279,731 | -€7,979 | -2.8% |
| Accrued charges and deferred income | 492/3 | €881 | €3,176 | +€2,295 | +260% |
| Non-recurring operating income | 76A | €6,000 | €83,127 | +€77,127 | +1,285% |
| Remuneration, social security and pensions | 62 | €864,022 | €850,845 | -€13,177 | -1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €399,425 | €482,665 | +€83,240 | +20.8% |
| Other operating charges | 640/8 | €22,410 | €15,079 | -€7,331 | -32.7% |
| Non-recurring operating charges | 66A | - | €2,280 | +€2,280 | |
| Gross operating margin | 9900 | €1,342,337 | €1,461,468 | +€119,131 | +8.9% |
| Operating profit (loss) | 9901 | €56,480 | €110,599 | +€54,119 | +95.8% |
| Financial income | 75/76B | €12,061 | €4,381 | -€7,680 | -63.7% |
| Recurring financial income | 75 | €12,061 | €4,381 | -€7,680 | -63.7% |
| Financial charges | 65/66B | €63,026 | €73,717 | +€10,691 | +17.0% |
| Recurring financial charges | 65 | €63,026 | €73,717 | +€10,691 | +17.0% |
| Profit (loss) for the period before taxes | 9903 | €5,515 | €41,263 | +€35,748 | +648% |
| Transfer from deferred taxes | 780 | €1,618 | €1,618 | = | 0.0% |
| Income taxes | 67/77 | €1,745 | €4,983 | +€3,238 | +186% |
| Profit (loss) for the period | 9904 | €5,389 | €37,899 | +€32,510 | +603% |
| Transfer from tax-exempt reserves | 789 | €6,474 | €6,474 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €11,862 | €44,372 | +€32,510 | +274% |
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 18 October 2026 via checked.be.