Dhaliwal GYS: what changed
Dhaliwal GYS
Largest movements
- Receivables within one year +€12,820
up €12,820 (+100%), from €12,802 to €25,622
of which Trade receivables: +€11,518
- Tangible fixed assets -€10,420
down €10,420 (-34.8%), from €29,965 to €19,545
of which Furniture and vehicles: -€9,980
- Cash -€2,114
down €2,114 (-49.9%), from €4,234 to €2,121
mainly Receivables within one year (-€12,820) and Debts after one year (-€6,333)
- Financial fixed assets +€1,256
up €1,256 (+113%), from €1,111 to €2,367
- Profit (loss) carried forward +€7,013
up €7,013 (+41.8%), from €16,768 to €23,781
- Debts after one year -€6,333
down €6,333 (-26.6%), from €23,852 to €17,518
- Trade debts +€1,899
up €1,899 (+20.1%), from €9,447 to €11,345
- Gross operating margin -€2,288
down €2,288 (-7.6%), from €29,937 to €27,648
- Other operating charges -€754
down €754 (-18.7%), from €4,020 to €3,266
- Financial income -€652
no longer reported in 2025 (was €652)
- Taxes -€358
down €358 (-16.7%), from €2,141 to €1,783
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €61,473 | €63,663 | +€2,191 | +3.6% |
| Fixed assets | 21/28 | €31,077 | €21,912 | -€9,164 | -29.5% |
| Tangible fixed assets | 22/27 | €29,965 | €19,545 | -€10,420 | -34.8% |
| Plant, machinery and equipment | 23 | €550 | €110 | -€440 | -80.0% |
| Furniture and vehicles | 24 | €29,415 | €19,435 | -€9,980 | -33.9% |
| Financial fixed assets | 28 | €1,111 | €2,367 | +€1,256 | +113% |
| Current assets | 29/58 | €30,396 | €41,751 | +€11,355 | +37.4% |
| Stocks and contracts in progress | 3 | €13,360 | €13,158 | -€202 | -1.5% |
| Stocks | 30/36 | €13,360 | €13,158 | -€202 | -1.5% |
| Amounts receivable within one year | 40/41 | €12,802 | €25,622 | +€12,820 | +100% |
| Trade receivables | 40 | €999 | €12,516 | +€11,518 | +1,153% |
| Other amounts receivable | 41 | €11,803 | €13,106 | +€1,302 | +11.0% |
| Current investments | 50/53 | - | €500 | +€500 | |
| Cash at bank and in hand | 54/58 | €4,234 | €2,121 | -€2,114 | -49.9% |
| Deferred charges and accrued income | 490/1 | - | €350 | +€350 | |
| Total equity and liabilities | 10/49 | €61,473 | €63,663 | +€2,191 | +3.6% |
| Equity | 10/15 | €19,342 | €26,355 | +€7,013 | +36.3% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €74 | €74 | = | 0.0% |
| Distributable reserves | 133 | €74 | €74 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,768 | €23,781 | +€7,013 | +41.8% |
| Amounts payable | 17/49 | €42,131 | €37,309 | -€4,822 | -11.4% |
| Amounts payable after more than one year | 17 | €23,852 | €17,518 | -€6,333 | -26.6% |
| Financial debts | 170/4 | €23,852 | €17,518 | -€6,333 | -26.6% |
| Amounts payable within one year | 42/48 | €18,279 | €19,790 | +€1,511 | +8.3% |
| Current portion of amounts payable after more than one year | 42 | €6,333 | €6,333 | = | 0.0% |
| Trade debts | 44 | €9,447 | €11,345 | +€1,899 | +20.1% |
| Suppliers | 440/4 | €9,447 | €11,345 | +€1,899 | +20.1% |
| Taxes, remuneration and social security | 45 | €2,499 | €2,111 | -€388 | -15.5% |
| Taxes | 450/3 | €358 | €2,111 | +€1,753 | +490% |
| Remuneration and social security | 454/9 | €2,141 | - | -€2,141 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,420 | €10,420 | -€0 | 0.0% |
| Other operating charges | 640/8 | €4,020 | €3,266 | -€754 | -18.7% |
| Gross operating margin | 9900 | €29,937 | €27,648 | -€2,288 | -7.6% |
| Operating profit (loss) | 9901 | €15,496 | €13,962 | -€1,535 | -9.9% |
| Financial income | 75/76B | €652 | - | -€652 | |
| Recurring financial income | 75 | €652 | - | -€652 | |
| Financial charges | 65/66B | €5,444 | €5,165 | -€278 | -5.1% |
| Recurring financial charges | 65 | €5,444 | €5,165 | -€278 | -5.1% |
| Profit (loss) for the period before taxes | 9903 | €10,705 | €8,797 | -€1,908 | -17.8% |
| Income taxes | 67/77 | €2,141 | €1,783 | -€358 | -16.7% |
| Profit (loss) for the period | 9904 | €8,564 | €7,013 | -€1,551 | -18.1% |
| Profit (loss) for the period to be appropriated | 9905 | €8,564 | €7,013 | -€1,551 | -18.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.