DILESCO: what changed
Two financial 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.
DILESCO
Largest movements
- Tangible fixed assets +€437,490
up €437,490 (+881.7%), from €49,620 to €487,110
of which Land and buildings: +€370,288
- Cash -€88,569
down €88,569 (-49.6%), from €178,722 to €90,153
mainly Investment in fixed assets (net) (-€473,066) and Debts after one year (-€113,314)
- Reserves +€397,275
up €397,275 (+45.2%), from €879,644 to €1.3m
of which Distributable reserves: +€377,411
- Debts after one year -€113,314
down €113,314 (-3.6%), from €3.1m to €3.0m
- Accrued charges and deferred income +€66,750
up €66,750 (+100.0%), from €66,750 to €133,500
- Financial income -€25,000
down €25,000 (-6.0%), from €415,000 to €390,000
- Depreciation +€21,100
up €21,100 (+145.8%), from €14,476 to €35,576
- Gross operating margin +€8,458
up €8,458 (+6.2%), from €136,067 to €144,525
- Financial charges +€3,851
up €3,851 (+4.4%), from €87,172 to €91,023
- Other operating charges +€1,782
up €1,782 (+59.9%), from €2,974 to €4,756
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 | €5,273,027 | €5,675,685 | +€402,659 | +7.6% |
| Fixed assets | 21/28 | €5,089,664 | €5,527,154 | +€437,490 | +8.6% |
| Tangible fixed assets | 22/27 | €49,620 | €487,110 | +€437,490 | +881.7% |
| Land and buildings | 22 | - | €370,288 | +€370,288 | |
| Plant, machinery and equipment | 23 | €1,442 | €822 | -€619 | -43.0% |
| Furniture and vehicles | 24 | €3,182 | €2,479 | -€702 | -22.1% |
| Leasing and similar rights | 25 | €44,996 | €113,520 | +€68,524 | +152.3% |
| Financial fixed assets | 28 | €5,040,044 | €5,040,044 | = | 0.0% |
| Current assets | 29/58 | €183,363 | €148,532 | -€34,831 | -19.0% |
| Amounts receivable within one year | 40/41 | €2,402 | €54,907 | +€52,505 | +2186.1% |
| Trade receivables | 40 | - | €48,400 | +€48,400 | |
| Other amounts receivable | 41 | €2,402 | €6,507 | +€4,105 | +170.9% |
| Cash at bank and in hand | 54/58 | €178,722 | €90,153 | -€88,569 | -49.6% |
| Deferred charges and accrued income | 490/1 | €2,239 | €3,472 | +€1,232 | +55.0% |
| Total equity and liabilities | 10/49 | €5,273,027 | €5,675,685 | +€402,659 | +7.6% |
| Equity | 10/15 | €1,629,644 | €2,026,919 | +€397,275 | +24.4% |
| Contributions | 10/11 | €750,000 | €750,000 | = | 0.0% |
| Capital | 10 | €750,000 | €750,000 | = | 0.0% |
| Issued capital | 100 | €750,000 | €750,000 | = | 0.0% |
| Reserves | 13 | €879,644 | €1,276,919 | +€397,275 | +45.2% |
| Non-distributable reserves | 130/1 | €43,982 | €63,846 | +€19,864 | +45.2% |
| Legal reserve | 130 | €43,982 | €63,846 | +€19,864 | +45.2% |
| Distributable reserves | 133 | €835,662 | €1,213,073 | +€377,411 | +45.2% |
| Amounts payable | 17/49 | €3,643,383 | €3,648,766 | +€5,384 | +0.1% |
| Amounts payable after more than one year | 17 | €3,126,979 | €3,013,665 | -€113,314 | -3.6% |
| Financial debts | 170/4 | €3,126,979 | €3,013,665 | -€113,314 | -3.6% |
| Amounts payable within one year | 42/48 | €449,653 | €501,601 | +€51,948 | +11.6% |
| Current portion of amounts payable after more than one year | 42 | €412,132 | €444,581 | +€32,449 | +7.9% |
| Trade debts | 44 | €9,724 | €16,633 | +€6,909 | +71.0% |
| Suppliers | 440/4 | €9,724 | €16,633 | +€6,909 | +71.0% |
| Taxes, remuneration and social security | 45 | €8,290 | €21,186 | +€12,896 | +155.6% |
| Taxes | 450/3 | €8,290 | €7,928 | -€362 | -4.4% |
| Remuneration and social security | 454/9 | - | €13,258 | +€13,258 | |
| Other amounts payable | 47/48 | €19,507 | €19,202 | -€305 | -1.6% |
| Accrued charges and deferred income | 492/3 | €66,750 | €133,500 | +€66,750 | +100.0% |
| Remuneration, social security and pensions | 62 | €131 | - | -€131 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,476 | €35,576 | +€21,100 | +145.8% |
| Other operating charges | 640/8 | €2,974 | €4,756 | +€1,782 | +59.9% |
| Gross operating margin | 9900 | €136,067 | €144,525 | +€8,458 | +6.2% |
| Operating profit (loss) | 9901 | €118,486 | €104,193 | -€14,293 | -12.1% |
| Financial income | 75/76B | €415,000 | €390,000 | -€25,000 | -6.0% |
| Recurring financial income | 75 | €415,000 | €390,000 | -€25,000 | -6.0% |
| Financial charges | 65/66B | €87,172 | €91,023 | +€3,851 | +4.4% |
| Recurring financial charges | 65 | €87,172 | €91,023 | +€3,851 | +4.4% |
| Profit (loss) for the period before taxes | 9903 | €446,314 | €403,170 | -€43,144 | -9.7% |
| Income taxes | 67/77 | €7,598 | €5,895 | -€1,703 | -22.4% |
| Profit (loss) for the period | 9904 | €438,716 | €397,275 | -€41,441 | -9.4% |
| Profit (loss) for the period to be appropriated | 9905 | €438,716 | €397,275 | -€41,441 | -9.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.