DE-AL: 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.
DE-AL
Largest movements
- Cash +€45,091
up €45,091 (+15.3%), from €295,418 to €340,509
mainly Net result for the year (+€109,012) and Other debts (+€41,001)
- Receivables within one year +€29,384
up €29,384 (+74.9%), from €39,253 to €68,637
of which Trade receivables: +€33,270
- Tangible fixed assets -€24,272
down €24,272 (-29.7%), from €81,632 to €57,360
of which Plant, machinery and equipment: -€14,413
- Deferred charges and accrued income -€7,499
down €7,499 (-66.0%), from €11,362 to €3,864
- Other debts +€41,001
up €41,001 (+23.4%), from €175,054 to €216,055
- Trade debts -€27,934
down €27,934 (-33.9%), from €82,293 to €54,359
- Accrued charges and deferred income +€15,182
up €15,182 (+56.3%), from €26,977 to €42,160
- Reserves +€9,012
up €9,012 (+8.3%), from €108,882 to €117,894
- Tax, wage and social debts +€8,117
up €8,117 (+16.5%), from €49,183 to €57,300
of which Remuneration and social security: +€7,682
- Gross operating margin +€76,002
up €76,002 (+21.5%), from €353,698 to €429,700
- Staff costs +€19,234
up €19,234 (+8.0%), from €239,063 to €258,296
- Taxes +€13,060
up €13,060 (+72.2%), from €18,101 to €31,162
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 | €454,390 | €499,768 | +€45,377 | +10.0% |
| Fixed assets | 21/28 | €81,632 | €57,360 | -€24,272 | -29.7% |
| Tangible fixed assets | 22/27 | €81,632 | €57,360 | -€24,272 | -29.7% |
| Plant, machinery and equipment | 23 | €36,037 | €21,624 | -€14,413 | -40.0% |
| Furniture and vehicles | 24 | €19,368 | €15,149 | -€4,218 | -21.8% |
| Other tangible fixed assets | 26 | €26,227 | €20,587 | -€5,641 | -21.5% |
| Current assets | 29/58 | €372,758 | €442,408 | +€69,649 | +18.7% |
| Stocks and contracts in progress | 3 | €26,725 | €29,398 | +€2,673 | +10.0% |
| Stocks | 30/36 | €26,725 | €29,398 | +€2,673 | +10.0% |
| Amounts receivable within one year | 40/41 | €39,253 | €68,637 | +€29,384 | +74.9% |
| Trade receivables | 40 | €7,463 | €40,733 | +€33,270 | +445.8% |
| Other amounts receivable | 41 | €31,790 | €27,904 | -€3,885 | -12.2% |
| Cash at bank and in hand | 54/58 | €295,418 | €340,509 | +€45,091 | +15.3% |
| Deferred charges and accrued income | 490/1 | €11,362 | €3,864 | -€7,499 | -66.0% |
| Total equity and liabilities | 10/49 | €454,390 | €499,768 | +€45,377 | +10.0% |
| Equity | 10/15 | €120,882 | €129,894 | +€9,012 | +7.5% |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Reserves | 13 | €108,882 | €117,894 | +€9,012 | +8.3% |
| Distributable reserves | 133 | €108,882 | €117,894 | +€9,012 | +8.3% |
| Amounts payable | 17/49 | €333,508 | €369,873 | +€36,365 | +10.9% |
| Amounts payable within one year | 42/48 | €306,531 | €327,714 | +€21,183 | +6.9% |
| Trade debts | 44 | €82,293 | €54,359 | -€27,934 | -33.9% |
| Suppliers | 440/4 | €82,293 | €54,359 | -€27,934 | -33.9% |
| Taxes, remuneration and social security | 45 | €49,183 | €57,300 | +€8,117 | +16.5% |
| Taxes | 450/3 | €29,682 | €30,117 | +€435 | +1.5% |
| Remuneration and social security | 454/9 | €19,501 | €27,183 | +€7,682 | +39.4% |
| Other amounts payable | 47/48 | €175,054 | €216,055 | +€41,001 | +23.4% |
| Accrued charges and deferred income | 492/3 | €26,977 | €42,160 | +€15,182 | +56.3% |
| Remuneration, social security and pensions | 62 | €239,063 | €258,296 | +€19,234 | +8.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,114 | €25,429 | +€315 | +1.3% |
| Other operating charges | 640/8 | €931 | €918 | -€13 | -1.4% |
| Gross operating margin | 9900 | €353,698 | €429,700 | +€76,002 | +21.5% |
| Operating profit (loss) | 9901 | €88,590 | €145,056 | +€56,466 | +63.7% |
| Financial income | 75/76B | €195 | €1,644 | +€1,449 | +742.0% |
| Recurring financial income | 75 | €195 | €1,644 | +€1,449 | +742.0% |
| Financial charges | 65/66B | €7,769 | €6,526 | -€1,242 | -16.0% |
| Recurring financial charges | 65 | €7,769 | €6,526 | -€1,242 | -16.0% |
| Profit (loss) for the period before taxes | 9903 | €81,016 | €140,174 | +€59,157 | +73.0% |
| Income taxes | 67/77 | €18,101 | €31,162 | +€13,060 | +72.2% |
| Profit (loss) for the period | 9904 | €62,915 | €109,012 | +€46,097 | +73.3% |
| Profit (loss) for the period to be appropriated | 9905 | €62,915 | €109,012 | +€46,097 | +73.3% |
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.