DL EVENTS: 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.
DL EVENTS
Largest movements
- Cash +€43,615
up €43,615 (+30.9%), from €141,020 to €184,635
mainly Depreciation (+€257,738) and Debts after one year (+€75,177)
- Tangible fixed assets +€23,048
up €23,048 (+3.3%), from €696,346 to €719,394
of which Other tangible fixed assets: +€36,340
- Debts after one year +€75,177
up €75,177 (+38.9%), from €193,248 to €268,425
of which Financial debts: +€88,695
- Tax, wage and social debts -€30,467
down €30,467 (-55.7%), from €54,662 to €24,195
of which Remuneration and social security: -€18,415
- Trade debts +€25,358
up €25,358 (+20.4%), from €124,597 to €149,956
- Depreciation +€50,611
up €50,611 (+24.4%), from €207,127 to €257,738
- Taxes -€13,063
down €13,063, from €7,200 to -€5,863
- Write-downs -€12,021
down €12,021 (-100%), from €12,021 to €0
- Staff costs +€6,634
up €6,634 (+2.7%), from €247,314 to €253,948
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.
Derived cash bridge
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 | €909,227 | €980,003 | +€70,776 | +7.8% |
| Fixed assets | 21/28 | €704,005 | €734,364 | +€30,360 | +4.3% |
| Intangible fixed assets | 21 | €6,365 | €14,065 | +€7,700 | +121% |
| Tangible fixed assets | 22/27 | €696,346 | €719,394 | +€23,048 | +3.3% |
| Land and buildings | 22 | €154,547 | €109,641 | -€44,905 | -29.1% |
| Plant, machinery and equipment | 23 | €9,324 | €11,331 | +€2,008 | +21.5% |
| Furniture and vehicles | 24 | €427,229 | €437,087 | +€9,857 | +2.3% |
| Leasing and similar rights | 25 | €55,669 | €75,418 | +€19,749 | +35.5% |
| Other tangible fixed assets | 26 | €49,577 | €85,917 | +€36,340 | +73.3% |
| Financial fixed assets | 28 | €1,294 | €905 | -€389 | -30.0% |
| Current assets | 29/58 | €205,223 | €245,639 | +€40,416 | +19.7% |
| Amounts receivable within one year | 40/41 | €59,355 | €55,069 | -€4,286 | -7.2% |
| Trade receivables | 40 | €33,744 | €35,364 | +€1,621 | +4.8% |
| Other amounts receivable | 41 | €25,611 | €19,704 | -€5,907 | -23.1% |
| Cash at bank and in hand | 54/58 | €141,020 | €184,635 | +€43,615 | +30.9% |
| Deferred charges and accrued income | 490/1 | €4,848 | €5,935 | +€1,087 | +22.4% |
| Total equity and liabilities | 10/49 | €909,227 | €980,003 | +€70,776 | +7.8% |
| Equity | 10/15 | €385,537 | €386,260 | +€723 | +0.2% |
| Contributions | 10/11 | €162,000 | €162,000 | = | 0.0% |
| Capital | 10 | €162,000 | €162,000 | = | 0.0% |
| Issued capital | 100 | €162,000 | €162,000 | = | 0.0% |
| Reserves | 13 | €218,357 | €224,260 | +€5,904 | +2.7% |
| Non-distributable reserves | 130/1 | €16,200 | €16,200 | = | 0.0% |
| Legal reserve | 130 | €16,200 | €16,200 | = | 0.0% |
| Distributable reserves | 133 | €202,157 | €208,060 | +€5,904 | +2.9% |
| Investment grants | 15 | €5,181 | €0 | -€5,181 | -100% |
| Amounts payable | 17/49 | €523,690 | €593,743 | +€70,053 | +13.4% |
| Amounts payable after more than one year | 17 | €193,248 | €268,425 | +€75,177 | +38.9% |
| Financial debts | 170/4 | €179,730 | €268,425 | +€88,695 | +49.3% |
| Other amounts payable | 178/9 | €13,518 | €0 | -€13,518 | -100% |
| Amounts payable within one year | 42/48 | €330,033 | €324,909 | -€5,124 | -1.6% |
| Current portion of amounts payable after more than one year | 42 | €150,774 | €150,759 | -€15 | 0.0% |
| Trade debts | 44 | €124,597 | €149,956 | +€25,358 | +20.4% |
| Suppliers | 440/4 | €124,597 | €149,956 | +€25,358 | +20.4% |
| Taxes, remuneration and social security | 45 | €54,662 | €24,195 | -€30,467 | -55.7% |
| Taxes | 450/3 | €13,388 | €1,337 | -€12,052 | -90.0% |
| Remuneration and social security | 454/9 | €41,273 | €22,858 | -€18,415 | -44.6% |
| Accrued charges and deferred income | 492/3 | €409 | €409 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €247,314 | €253,948 | +€6,634 | +2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €207,127 | €257,738 | +€50,611 | +24.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €12,021 | €0 | -€12,021 | -100% |
| Other operating charges | 640/8 | €39,177 | €42,119 | +€2,943 | +7.5% |
| Non-recurring operating charges | 66A | €193 | €1,798 | +€1,605 | +832% |
| Gross operating margin | 9900 | €571,854 | €570,507 | -€1,346 | -0.2% |
| Operating profit (loss) | 9901 | €66,022 | €14,904 | -€51,118 | -77.4% |
| Financial income | 75/76B | €6,167 | €5,278 | -€888 | -14.4% |
| Recurring financial income | 75 | €6,167 | €5,278 | -€888 | -14.4% |
| Financial charges | 65/66B | €16,560 | €20,142 | +€3,582 | +21.6% |
| Recurring financial charges | 65 | €16,560 | €20,142 | +€3,582 | +21.6% |
| Profit (loss) for the period before taxes | 9903 | €55,629 | €40 | -€55,588 | -99.9% |
| Income taxes | 67/77 | €7,200 | -€5,863 | -€13,063 | |
| Profit (loss) for the period | 9904 | €48,429 | €5,904 | -€42,525 | -87.8% |
| Profit (loss) for the period to be appropriated | 9905 | €48,429 | €5,904 | -€42,525 | -87.8% |
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 16 October 2026 via checked.be.