DILSHAD: 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.
DILSHAD
Largest movements
- Receivables within one year +€75,808
up €75,808 (+218.8%), from €34,643 to €110,451
of which Other amounts receivable: +€43,838
- Cash -€13,161
down €13,161 (-20.5%), from €64,210 to €51,049
mainly Receivables within one year (-€75,808) and Trade debts (-€10,134)
- Stocks and contracts +€4,401
up €4,401 (+44.7%), from €9,854 to €14,255
- Profit (loss) carried forward +€64,488
up €64,488 (+89.8%), from €71,816 to €136,304
- Tax, wage and social debts +€14,933
up €14,933 (+661.9%), from €2,256 to €17,189
of which Remuneration and social security: +€8,669
- Trade debts -€10,134
down €10,134 (-96.9%), from €10,457 to €323
- Short-term financial debts -€3,264
down €3,264 (-22.4%), from €14,560 to €11,296
- Turnover +€535,072
new in 2025: €535,072
- Purchases and services +€385,270
new in 2025: €385,270
- Gross operating margin +€87,158
up €87,158 (+139.1%), from €62,644 to €149,802
- Staff costs +€21,850
up €21,850 (+52.0%), from €41,986 to €63,836
- Financial charges +€5,789
up €5,789 (+215.7%), from €2,684 to €8,473
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 | €117,689 | €183,712 | +€66,023 | +56.1% |
| Fixed assets | 21/28 | €8,982 | €7,957 | -€1,025 | -11.4% |
| Tangible fixed assets | 22/27 | €8,982 | €7,957 | -€1,025 | -11.4% |
| Land and buildings | 22 | - | €4,290 | +€4,290 | |
| Plant, machinery and equipment | 23 | €8,982 | €3,667 | -€5,315 | -59.2% |
| Current assets | 29/58 | €108,707 | €175,755 | +€67,048 | +61.7% |
| Stocks and contracts in progress | 3 | €9,854 | €14,255 | +€4,401 | +44.7% |
| Stocks | 30/36 | €9,854 | €14,255 | +€4,401 | +44.7% |
| Amounts receivable within one year | 40/41 | €34,643 | €110,451 | +€75,808 | +218.8% |
| Trade receivables | 40 | €17,822 | €49,792 | +€31,970 | +179.4% |
| Other amounts receivable | 41 | €16,821 | €60,659 | +€43,838 | +260.6% |
| Cash at bank and in hand | 54/58 | €64,210 | €51,049 | -€13,161 | -20.5% |
| Total equity and liabilities | 10/49 | €117,689 | €183,712 | +€66,023 | +56.1% |
| Equity | 10/15 | €90,416 | €154,904 | +€64,488 | +71.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €71,816 | €136,304 | +€64,488 | +89.8% |
| Amounts payable | 17/49 | €27,273 | €28,808 | +€1,535 | +5.6% |
| Amounts payable within one year | 42/48 | €27,273 | €28,808 | +€1,535 | +5.6% |
| Financial debts | 43 | €14,560 | €11,296 | -€3,264 | -22.4% |
| Other loans | 439 | €14,560 | €11,296 | -€3,264 | -22.4% |
| Trade debts | 44 | €10,457 | €323 | -€10,134 | -96.9% |
| Suppliers | 440/4 | €10,457 | €323 | -€10,134 | -96.9% |
| Taxes, remuneration and social security | 45 | €2,256 | €17,189 | +€14,933 | +661.9% |
| Taxes | 450/3 | €1,225 | €7,489 | +€6,264 | +511.3% |
| Remuneration and social security | 454/9 | €1,031 | €9,700 | +€8,669 | +840.8% |
| Turnover | 70 | - | €535,072 | +€535,072 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €385,270 | +€385,270 | |
| Remuneration, social security and pensions | 62 | €41,986 | €63,836 | +€21,850 | +52.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,044 | €6,525 | +€2,481 | +61.4% |
| Other operating charges | 640/8 | €8,350 | €3,909 | -€4,441 | -53.2% |
| Gross operating margin | 9900 | €62,644 | €149,802 | +€87,158 | +139.1% |
| Operating profit (loss) | 9901 | €8,264 | €75,532 | +€67,268 | +814.0% |
| Financial income | 75/76B | €36 | €2,427 | +€2,391 | +6641.7% |
| Recurring financial income | 75 | €36 | €2,427 | +€2,391 | +6641.7% |
| Financial charges | 65/66B | €2,684 | €8,473 | +€5,789 | +215.7% |
| Recurring financial charges | 65 | €2,684 | €8,473 | +€5,789 | +215.7% |
| Profit (loss) for the period before taxes | 9903 | €5,616 | €69,486 | +€63,870 | +1137.3% |
| Income taxes | 67/77 | €3,886 | €4,999 | +€1,113 | +28.6% |
| Profit (loss) for the period | 9904 | €1,730 | €64,487 | +€62,757 | +3627.6% |
| Profit (loss) for the period to be appropriated | 9905 | €1,730 | €64,487 | +€62,757 | +3627.6% |
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.