DLN: 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.
DLN
Largest movements
- Stocks and contracts +€80,972
up €80,972 (+17.4%), from €465,068 to €546,041
- Cash -€50,494
down €50,494 (-93.3%), from €54,137 to €3,644
mainly Stocks and contracts (-€80,972) and Tax, wage and social debts (-€41,374)
- Receivables within one year -€27,782
down €27,782 (-11.9%), from €233,895 to €206,113
of which Trade receivables: -€20,237
- Tangible fixed assets -€8,709
down €8,709 (-16.4%), from €53,258 to €44,549
- Tax, wage and social debts -€41,374
down €41,374 (-92.6%), from €44,681 to €3,308
of which Taxes: -€41,876
- Trade debts +€21,463
up €21,463 (+139.3%), from €15,405 to €36,868
- Other debts +€13,200
up €13,200 (+1.7%), from €757,572 to €770,772
- Gross operating margin -€149,389
down €149,389 (-76.1%), from €196,295 to €46,906
- Financial income -€4,983
down €4,983 (-98.2%), from €5,076 to €93
- Staff costs -€4,909
down €4,909 (-13.6%), from €36,209 to €31,301
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €809,064 | €804,555 | -€4,509 | -0.6% |
| Fixed assets | 21/28 | €53,258 | €44,549 | -€8,709 | -16.4% |
| Tangible fixed assets | 22/27 | €53,258 | €44,549 | -€8,709 | -16.4% |
| Plant, machinery and equipment | 23 | €53,258 | €44,549 | -€8,709 | -16.4% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €755,807 | €760,006 | +€4,200 | +0.6% |
| Stocks and contracts in progress | 3 | €465,068 | €546,041 | +€80,972 | +17.4% |
| Stocks | 30/36 | €465,068 | €546,041 | +€80,972 | +17.4% |
| Amounts receivable within one year | 40/41 | €233,895 | €206,113 | -€27,782 | -11.9% |
| Trade receivables | 40 | €112,944 | €92,708 | -€20,237 | -17.9% |
| Other amounts receivable | 41 | €120,950 | €113,406 | -€7,545 | -6.2% |
| Cash at bank and in hand | 54/58 | €54,137 | €3,644 | -€50,494 | -93.3% |
| Deferred charges and accrued income | 490/1 | €2,707 | €4,209 | +€1,502 | +55.5% |
| Total equity and liabilities | 10/49 | €809,064 | €804,555 | -€4,509 | -0.6% |
| Equity | 10/15 | -€8,688 | -€6,393 | +€2,296 | +26.4% |
| Contributions | 10/11 | €346,565 | €346,565 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€355,253 | -€352,957 | +€2,296 | +0.6% |
| Amounts payable | 17/49 | €817,753 | €810,948 | -€6,805 | -0.8% |
| Amounts payable within one year | 42/48 | €817,658 | €810,948 | -€6,710 | -0.8% |
| Trade debts | 44 | €15,405 | €36,868 | +€21,463 | +139.3% |
| Suppliers | 440/4 | €15,405 | €36,868 | +€21,463 | +139.3% |
| Taxes, remuneration and social security | 45 | €44,681 | €3,308 | -€41,374 | -92.6% |
| Taxes | 450/3 | €41,876 | €0 | -€41,876 | -100.0% |
| Remuneration and social security | 454/9 | €2,805 | €3,308 | +€502 | +17.9% |
| Other amounts payable | 47/48 | €757,572 | €770,772 | +€13,200 | +1.7% |
| Accrued charges and deferred income | 492/3 | €95 | €0 | -€95 | -100.0% |
| Remuneration, social security and pensions | 62 | €36,209 | €31,301 | -€4,909 | -13.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,122 | €11,584 | +€462 | +4.2% |
| Other operating charges | 640/8 | €2,363 | €958 | -€1,405 | -59.4% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €196,295 | €46,906 | -€149,389 | -76.1% |
| Operating profit (loss) | 9901 | €146,601 | €3,063 | -€143,538 | -97.9% |
| Financial income | 75/76B | €5,076 | €93 | -€4,983 | -98.2% |
| Recurring financial income | 75 | €5,076 | €93 | -€4,983 | -98.2% |
| Financial charges | 65/66B | €2,073 | €859 | -€1,214 | -58.6% |
| Recurring financial charges | 65 | €2,073 | €859 | -€1,214 | -58.6% |
| Profit (loss) for the period before taxes | 9903 | €149,604 | €2,297 | -€147,307 | -98.5% |
| Income taxes | 67/77 | - | €1 | +€1 | |
| Profit (loss) for the period | 9904 | €149,604 | €2,296 | -€147,308 | -98.5% |
| Profit (loss) for the period to be appropriated | 9905 | €149,604 | €2,296 | -€147,308 | -98.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.