DAULIN: 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.
DAULIN
Largest movements
- Cash -€239,574
down €239,574 (-38.0%), from €630,606 to €391,032
mainly Contributions, distributions and other (-€480,050) and Other debts (-€93,757)
- Current investments -€100,000
no longer reported in 2025 (was €100,000)
- Tangible fixed assets -€23,095
down €23,095 (-81.0%), from €28,521 to €5,426
- Reserves -€257,160
down €257,160 (-32.1%), from €801,440 to €544,280
of which Distributable reserves: -€257,160
- Other debts -€93,757
down €93,757 (-57.0%), from €164,404 to €70,647
- Accrued charges and deferred income -€15,874
down €15,874 (-100.0%), from €15,874 to €0
- Gross operating margin +€28,965
up €28,965 (+10.3%), from €280,236 to €309,201
- Financial charges -€16,074
down €16,074 (-98.2%), from €16,362 to €288
- Financial income -€7,951
down €7,951 (-44.1%), from €18,039 to €10,089
- Depreciation -€7,690
down €7,690 (-75.4%), from €10,202 to €2,512
- Taxes +€4,611
up €4,611 (+5.3%), from €86,907 to €91,518
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 | €1,121,312 | €760,524 | -€360,788 | -32.2% |
| Fixed assets | 21/28 | €103,551 | €80,456 | -€23,095 | -22.3% |
| Tangible fixed assets | 22/27 | €28,521 | €5,426 | -€23,095 | -81.0% |
| Furniture and vehicles | 24 | €28,521 | €5,426 | -€23,095 | -81.0% |
| Financial fixed assets | 28 | €75,030 | €75,030 | = | 0.0% |
| Current assets | 29/58 | €1,017,762 | €680,069 | -€337,693 | -33.2% |
| Amounts receivable after more than one year | 29 | €150,000 | €150,000 | = | 0.0% |
| Other amounts receivable | 291 | €150,000 | €150,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €130,154 | €131,473 | +€1,319 | +1.0% |
| Trade receivables | 40 | €89,569 | €90,888 | +€1,319 | +1.5% |
| Other amounts receivable | 41 | €40,585 | €40,585 | = | 0.0% |
| Current investments | 50/53 | €100,000 | - | -€100,000 | |
| Cash at bank and in hand | 54/58 | €630,606 | €391,032 | -€239,574 | -38.0% |
| Deferred charges and accrued income | 490/1 | €7,002 | €7,564 | +€562 | +8.0% |
| Total equity and liabilities | 10/49 | €1,121,312 | €760,524 | -€360,788 | -32.2% |
| Equity | 10/15 | €901,881 | €644,721 | -€257,160 | -28.5% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €801,440 | €544,280 | -€257,160 | -32.1% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €791,440 | €534,280 | -€257,160 | -32.5% |
| Profit (loss) carried forward | 14 | €441 | €441 | +€0 | 0.0% |
| Amounts payable | 17/49 | €219,431 | €115,803 | -€103,628 | -47.2% |
| Amounts payable within one year | 42/48 | €203,557 | €115,803 | -€87,754 | -43.1% |
| Trade debts | 44 | €3,879 | €4,166 | +€287 | +7.4% |
| Suppliers | 440/4 | €3,879 | €4,166 | +€287 | +7.4% |
| Taxes, remuneration and social security | 45 | €35,275 | €40,991 | +€5,716 | +16.2% |
| Taxes | 450/3 | €35,275 | €40,991 | +€5,716 | +16.2% |
| Other amounts payable | 47/48 | €164,404 | €70,647 | -€93,757 | -57.0% |
| Accrued charges and deferred income | 492/3 | €15,874 | €0 | -€15,874 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,202 | €2,512 | -€7,690 | -75.4% |
| Other operating charges | 640/8 | €2,083 | €2,083 | -€0 | 0.0% |
| Gross operating margin | 9900 | €280,236 | €309,201 | +€28,965 | +10.3% |
| Operating profit (loss) | 9901 | €267,951 | €304,607 | +€36,655 | +13.7% |
| Financial income | 75/76B | €18,039 | €10,089 | -€7,951 | -44.1% |
| Recurring financial income | 75 | €18,039 | €10,089 | -€7,951 | -44.1% |
| Financial charges | 65/66B | €16,362 | €288 | -€16,074 | -98.2% |
| Recurring financial charges | 65 | €16,362 | €288 | -€16,074 | -98.2% |
| Profit (loss) for the period before taxes | 9903 | €269,629 | €314,408 | +€44,779 | +16.6% |
| Income taxes | 67/77 | €86,907 | €91,518 | +€4,611 | +5.3% |
| Profit (loss) for the period | 9904 | €182,722 | €222,890 | +€40,168 | +22.0% |
| Profit (loss) for the period to be appropriated | 9905 | €182,722 | €222,890 | +€40,168 | +22.0% |
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 4 October 2026 via checked.be.