DIALPATH: 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.
DIALPATH
Largest movements
- Cash +€132,567
up €132,567 (+40.8%), from €324,630 to €457,197
mainly Net result for the year (+€147,964) and Investment in fixed assets (net) (+€67,455)
- Receivables within one year +€111,287
up €111,287 (+92.3%), from €120,622 to €231,909
of which Other amounts receivable: +€121,548
- Tangible fixed assets -€70,731
down €70,731 (-40.5%), from €174,624 to €103,893
- Profit (loss) carried forward +€147,964
up €147,964 (+165.0%), from €89,670 to €237,635
- Current portion of long-term debt -€34,511
down €34,511 (-100.0%), from €34,511 to €0
- Tax, wage and social debts +€32,388
up €32,388 (+16571.6%), from €195 to €32,583
- Other debts +€25,495
new in 2025: €25,495
- Gross operating margin -€88,750
down €88,750 (-33.1%), from €268,210 to €179,460
- Taxes +€32,392
up €32,392 (+16574.1%), from €195 to €32,588
- Financial charges -€6,685
down €6,685 (-96.8%), from €6,909 to €224
- Write-downs -€3,965
down €3,965 (-100.0%), from €3,965 to €0
- Depreciation -€3,168
down €3,168 (-49.0%), from €6,469 to €3,301
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 | €620,401 | €793,498 | +€173,098 | +27.9% |
| Fixed assets | 21/28 | €174,649 | €103,893 | -€70,756 | -40.5% |
| Tangible fixed assets | 22/27 | €174,624 | €103,893 | -€70,731 | -40.5% |
| Land and buildings | 22 | €174,624 | €103,893 | -€70,731 | -40.5% |
| Financial fixed assets | 28 | €25 | €0 | -€25 | -100.0% |
| Current assets | 29/58 | €445,752 | €689,606 | +€243,854 | +54.7% |
| Amounts receivable within one year | 40/41 | €120,622 | €231,909 | +€111,287 | +92.3% |
| Trade receivables | 40 | €10,261 | €0 | -€10,261 | -100.0% |
| Other amounts receivable | 41 | €110,361 | €231,909 | +€121,548 | +110.1% |
| Cash at bank and in hand | 54/58 | €324,630 | €457,197 | +€132,567 | +40.8% |
| Deferred charges and accrued income | 490/1 | €500 | €500 | = | 0.0% |
| Total equity and liabilities | 10/49 | €620,401 | €793,498 | +€173,098 | +27.9% |
| Equity | 10/15 | €577,937 | €725,902 | +€147,964 | +25.6% |
| Contributions | 10/11 | €431,500 | €431,500 | = | 0.0% |
| Capital | 10 | €431,500 | €431,500 | = | 0.0% |
| Issued capital | 100 | €431,500 | €431,500 | = | 0.0% |
| Reserves | 13 | €56,767 | €56,767 | = | 0.0% |
| Non-distributable reserves | 130/1 | €37,500 | €37,500 | = | 0.0% |
| Legal reserve | 130 | €37,500 | €37,500 | = | 0.0% |
| Distributable reserves | 133 | €19,267 | €19,267 | = | 0.0% |
| Profit (loss) carried forward | 14 | €89,670 | €237,635 | +€147,964 | +165.0% |
| Amounts payable | 17/49 | €42,463 | €67,597 | +€25,134 | +59.2% |
| Amounts payable within one year | 42/48 | €42,463 | €63,797 | +€21,334 | +50.2% |
| Current portion of amounts payable after more than one year | 42 | €34,511 | €0 | -€34,511 | -100.0% |
| Trade debts | 44 | €7,757 | €5,719 | -€2,037 | -26.3% |
| Suppliers | 440/4 | €7,757 | €5,719 | -€2,037 | -26.3% |
| Taxes, remuneration and social security | 45 | €195 | €32,583 | +€32,388 | +16571.6% |
| Taxes | 450/3 | €195 | €32,583 | +€32,388 | +16571.6% |
| Other amounts payable | 47/48 | - | €25,495 | +€25,495 | |
| Accrued charges and deferred income | 492/3 | - | €3,800 | +€3,800 | |
| Non-recurring operating income | 76A | - | €194,764 | +€194,764 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,469 | €3,301 | -€3,168 | -49.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,965 | €0 | -€3,965 | -100.0% |
| Other operating charges | 640/8 | €5,756 | €4,500 | -€1,256 | -21.8% |
| Non-recurring operating charges | 66A | - | €176 | +€176 | |
| Gross operating margin | 9900 | €268,210 | €179,460 | -€88,750 | -33.1% |
| Operating profit (loss) | 9901 | €252,020 | €171,483 | -€80,537 | -32.0% |
| Financial income | 75/76B | €9,033 | €9,293 | +€260 | +2.9% |
| Recurring financial income | 75 | €9,033 | €9,293 | +€260 | +2.9% |
| Financial charges | 65/66B | €6,909 | €224 | -€6,685 | -96.8% |
| Recurring financial charges | 65 | €6,909 | €224 | -€6,685 | -96.8% |
| Profit (loss) for the period before taxes | 9903 | €254,143 | €180,552 | -€73,591 | -29.0% |
| Income taxes | 67/77 | €195 | €32,588 | +€32,392 | +16574.1% |
| Profit (loss) for the period | 9904 | €253,948 | €147,964 | -€105,984 | -41.7% |
| Profit (loss) for the period to be appropriated | 9905 | €253,948 | €147,964 | -€105,984 | -41.7% |
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 3 October 2026 via checked.be.