DALUPHAR: 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.
DALUPHAR
Largest movements
- Receivables within one year +€345,767
up €345,767 (+511.0%), from €67,670 to €413,437
of which Other amounts receivable: +€344,592
- Cash -€139,970
down €139,970 (-87.4%), from €160,197 to €20,226
- Tangible fixed assets -€19,036
down €19,036 (-41.6%), from €45,721 to €26,685
- Trade debts +€310,853
up €310,853 (+270.4%), from €114,968 to €425,822
- Profit (loss) carried forward -€110,412
down €110,412 (-293.8%), from -€37,576 to -€147,989
- Other debts -€44,638
down €44,638 (-38.0%), from €117,491 to €72,852
- Tax, wage and social debts +€31,150
up €31,150 (+105.6%), from €29,498 to €60,648
of which Remuneration and social security: +€16,027
- Debts after one year -€14,808
down €14,808 (-86.9%), from €17,031 to €2,224
- Staff costs +€120,091
up €120,091 (+69.1%), from €173,783 to €293,874
- Gross operating margin +€70,755
up €70,755 (+35.2%), from €201,069 to €271,824
- Depreciation -€7,335
down €7,335 (-53.4%), from €13,739 to €6,404
- Financial income +€2,974
up €2,974 (+9415.7%), from €32 to €3,006
From the 2023 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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €472,581 | €651,365 | +€178,783 | +37.8% |
| Fixed assets | 21/28 | €45,801 | €26,765 | -€19,036 | -41.6% |
| Tangible fixed assets | 22/27 | €45,721 | €26,685 | -€19,036 | -41.6% |
| Plant, machinery and equipment | 23 | €23,296 | €17,185 | -€6,111 | -26.2% |
| Furniture and vehicles | 24 | €9,176 | €1,263 | -€7,914 | -86.2% |
| Other tangible fixed assets | 26 | €13,248 | €8,237 | -€5,011 | -37.8% |
| Financial fixed assets | 28 | €80 | €80 | = | 0.0% |
| Current assets | 29/58 | €426,781 | €624,600 | +€197,819 | +46.4% |
| Stocks and contracts in progress | 3 | €195,646 | €189,892 | -€5,754 | -2.9% |
| Stocks | 30/36 | €195,646 | €189,892 | -€5,754 | -2.9% |
| Amounts receivable within one year | 40/41 | €67,670 | €413,437 | +€345,767 | +511.0% |
| Trade receivables | 40 | €67,670 | €68,845 | +€1,175 | +1.7% |
| Other amounts receivable | 41 | - | €344,592 | +€344,592 | |
| Cash at bank and in hand | 54/58 | €160,197 | €20,226 | -€139,970 | -87.4% |
| Deferred charges and accrued income | 490/1 | €3,268 | €1,044 | -€2,224 | -68.1% |
| Total equity and liabilities | 10/49 | €472,581 | €651,365 | +€178,783 | +37.8% |
| Equity | 10/15 | €184,852 | €74,439 | -€110,412 | -59.7% |
| Contributions | 10/11 | €162,000 | €162,000 | = | 0.0% |
| Capital | 10 | €162,000 | €162,000 | = | 0.0% |
| Issued capital | 100 | €162,000 | €162,000 | = | 0.0% |
| Reserves | 13 | €60,428 | €60,428 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,000 | €5,000 | = | 0.0% |
| Legal reserve | 130 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €55,428 | €55,428 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€37,576 | -€147,989 | -€110,412 | -293.8% |
| Amounts payable | 17/49 | €287,730 | €576,925 | +€289,196 | +100.5% |
| Amounts payable after more than one year | 17 | €17,031 | €2,224 | -€14,808 | -86.9% |
| Financial debts | 170/4 | €17,031 | €2,224 | -€14,808 | -86.9% |
| Amounts payable within one year | 42/48 | €270,698 | €574,702 | +€304,004 | +112.3% |
| Current portion of amounts payable after more than one year | 42 | €8,741 | €15,379 | +€6,638 | +75.9% |
| Trade debts | 44 | €114,968 | €425,822 | +€310,853 | +270.4% |
| Suppliers | 440/4 | €114,968 | €425,822 | +€310,853 | +270.4% |
| Taxes, remuneration and social security | 45 | €29,498 | €60,648 | +€31,150 | +105.6% |
| Taxes | 450/3 | €1,653 | €16,777 | +€15,123 | +914.7% |
| Remuneration and social security | 454/9 | €27,845 | €43,872 | +€16,027 | +57.6% |
| Other amounts payable | 47/48 | €117,491 | €72,852 | -€44,638 | -38.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €173,783 | €293,874 | +€120,091 | +69.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,739 | €6,404 | -€7,335 | -53.4% |
| Other operating charges | 640/8 | €384 | €1,428 | +€1,043 | +271.4% |
| Gross operating margin | 9900 | €201,069 | €271,824 | +€70,755 | +35.2% |
| Operating profit (loss) | 9901 | €13,163 | -€29,882 | -€43,044 | |
| Financial income | 75/76B | €32 | €3,006 | +€2,974 | +9415.7% |
| Recurring financial income | 75 | €32 | €3,006 | +€2,974 | +9415.7% |
| Financial charges | 65/66B | €1,509 | €3,260 | +€1,750 | +116.0% |
| Recurring financial charges | 65 | €1,509 | €3,260 | +€1,750 | +116.0% |
| Profit (loss) for the period before taxes | 9903 | €11,685 | -€30,135 | -€41,820 | |
| Income taxes | 67/77 | €192 | - | -€192 | |
| Profit (loss) for the period | 9904 | €11,493 | -€30,135 | -€41,629 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,493 | -€30,135 | -€41,629 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.