Dalriada: 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.
What changed
Dalriada
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€24,763
2024 · -€34,747+€9,984
Equity
€448,463
2024 · €473,226-€24,763
Cash
€4,603
2024 · €4,549+€54
Balance sheet total
€846,064
2024 · €902,262-€56,198
Largest movements
Assets
- Tangible fixed assets -€55,429
down €55,429 (-6.2%), from €892,960 to €837,531
of which Land and buildings: -€53,060
Equity and liabilities
- Reserves -€25,391
down €25,391 (-6.7%), from €380,686 to €355,295
of which Tax-exempt reserves: -€25,391
- Debts after one year -€18,000
down €18,000 (-6.1%), from €297,000 to €279,000
- Provisions -€11,455
down €11,455 (-8.9%), from €128,588 to €117,134
Income statement
- Gross operating margin +€4,247
up €4,247 (+22.7%), from €18,713 to €22,961
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.
Result 2024
-€34,747
Gross operating margin
+€4,247
Depreciation
-€7
Other operating charges
+€115
Financial income
-€0
Financial charges
+€23
Taxes
-€120
Deferred taxes and other
+€5,727
Result 2025
-€24,763
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.
From operations
+€18,054
Investment
€0
Financing
-€18,000
Cash 2024
€4,549
From operations (derived)
+€18,054
Net result for the year
-€24,763
Depreciation
+€55,429
Receivables within one year
-€627
Deferred charges and accrued income
+€1,450
Provisions
-€11,455
Smaller working-capital items
+€224
Other debts
-€2,205
Financing
-€18,000
Debts after one year
-€18,000
Cash 2025
€4,603
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €902,262 | €846,064 | -€56,198 | -6.2% |
| Fixed assets | 21/28 | €892,979 | €837,549 | -€55,429 | -6.2% |
| Tangible fixed assets | 22/27 | €892,960 | €837,531 | -€55,429 | -6.2% |
| Land and buildings | 22 | €887,598 | €834,538 | -€53,060 | -6.0% |
| Plant, machinery and equipment | 23 | €2,390 | €1,020 | -€1,369 | -57.3% |
| Furniture and vehicles | 24 | €2,973 | €1,973 | -€1,000 | -33.6% |
| Financial fixed assets | 28 | €19 | €19 | = | 0.0% |
| Current assets | 29/58 | €9,284 | €8,515 | -€769 | -8.3% |
| Amounts receivable within one year | 40/41 | €840 | €1,467 | +€627 | +74.7% |
| Other amounts receivable | 41 | €840 | €1,467 | +€627 | +74.7% |
| Current investments | 50/53 | €1,735 | €1,735 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €4,549 | €4,603 | +€54 | +1.2% |
| Deferred charges and accrued income | 490/1 | €2,159 | €709 | -€1,450 | -67.2% |
| Total equity and liabilities | 10/49 | €902,262 | €846,064 | -€56,198 | -6.2% |
| Equity | 10/15 | €473,226 | €448,463 | -€24,763 | -5.2% |
| Contributions | 10/11 | €172,000 | €172,000 | = | 0.0% |
| Capital | 10 | €172,000 | €172,000 | = | 0.0% |
| Issued capital | 100 | €172,000 | €172,000 | = | 0.0% |
| Reserves | 13 | €380,686 | €355,295 | -€25,391 | -6.7% |
| Non-distributable reserves | 130/1 | €6,450 | €6,450 | = | 0.0% |
| Legal reserve | 130 | €6,450 | €6,450 | = | 0.0% |
| Tax-exempt reserves | 132 | €298,386 | €272,995 | -€25,391 | -8.5% |
| Distributable reserves | 133 | €75,850 | €75,850 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€79,460 | -€78,832 | +€628 | +0.8% |
| Provisions and deferred taxes | 16 | €128,588 | €117,134 | -€11,455 | -8.9% |
| Deferred taxes | 168 | €128,588 | €117,134 | -€11,455 | -8.9% |
| Amounts payable | 17/49 | €300,448 | €280,468 | -€19,980 | -6.7% |
| Amounts payable after more than one year | 17 | €297,000 | €279,000 | -€18,000 | -6.1% |
| Other amounts payable | 178/9 | €297,000 | €279,000 | -€18,000 | -6.1% |
| Amounts payable within one year | 42/48 | €2,548 | €547 | -€2,002 | -78.6% |
| Trade debts | 44 | - | €85 | +€85 | |
| Suppliers | 440/4 | - | €85 | +€85 | |
| Taxes, remuneration and social security | 45 | €82 | €200 | +€118 | +144.3% |
| Taxes | 450/3 | €82 | €200 | +€118 | +144.3% |
| Other amounts payable | 47/48 | €2,466 | €262 | -€2,205 | -89.4% |
| Accrued charges and deferred income | 492/3 | €900 | €921 | +€21 | +2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,422 | €55,429 | +€7 | 0.0% |
| Other operating charges | 640/8 | €3,484 | €3,369 | -€115 | -3.3% |
| Gross operating margin | 9900 | €18,713 | €22,961 | +€4,247 | +22.7% |
| Operating profit (loss) | 9901 | -€40,192 | -€35,838 | +€4,355 | +10.8% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €203 | €180 | -€23 | -11.1% |
| Recurring financial charges | 65 | €203 | €180 | -€23 | -11.1% |
| Profit (loss) for the period before taxes | 9903 | -€40,395 | -€36,018 | +€4,377 | +10.8% |
| Transfer from deferred taxes | 780 | €5,727 | €11,455 | +€5,727 | +100.0% |
| Income taxes | 67/77 | €80 | €200 | +€120 | +151.5% |
| Profit (loss) for the period | 9904 | -€34,747 | -€24,763 | +€9,984 | +28.7% |
| Transfer from tax-exempt reserves | 789 | €12,696 | €25,391 | +€12,696 | +100.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€22,052 | €628 | +€22,679 |
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 7 October 2026 via checked.be.