dLo Group: 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.
dLo Group
Largest movements
- Stocks and contracts -€141,939
down €141,939 (-20.0%), from €708,501 to €566,562
of which Stocks: -€106,348
- Cash +€134,718
up €134,718 (+933%), from €14,439 to €149,157
mainly Stocks and contracts (+€141,939) and Depreciation (+€80,537)
- Tangible fixed assets -€35,770
down €35,770 (-16.2%), from €221,119 to €185,349
of which Furniture and vehicles: -€23,090
- Short-term financial debts +€50,015
up €50,015 (+20.0%), from €250,000 to €300,015
- Debts after one year -€49,612
down €49,612 (-36.8%), from €134,916 to €85,304
- Tax, wage and social debts -€43,818
down €43,818 (-21.9%), from €200,452 to €156,634
of which Remuneration and social security: -€49,798
- Reserves +€40,433
up €40,433 (+13.3%), from €304,574 to €345,007
- Trade debts -€26,763
down €26,763 (-4.5%), from €594,363 to €567,600
- Staff costs -€40,456
down €40,456 (-4.5%), from €896,364 to €855,908
- Gross operating margin -€39,496
down €39,496 (-3.6%), from €1.1m to €1.1m
- Depreciation +€11,364
up €11,364 (+16.4%), from €69,173 to €80,537
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 | €1,629,336 | €1,598,890 | -€30,446 | -1.9% |
| Fixed assets | 21/28 | €228,619 | €192,849 | -€35,770 | -15.6% |
| Tangible fixed assets | 22/27 | €221,119 | €185,349 | -€35,770 | -16.2% |
| Plant, machinery and equipment | 23 | €97,437 | €89,899 | -€7,538 | -7.7% |
| Furniture and vehicles | 24 | €71,923 | €48,833 | -€23,090 | -32.1% |
| Leasing and similar rights | 25 | €33,895 | €34,094 | +€199 | +0.6% |
| Other tangible fixed assets | 26 | €17,864 | €12,523 | -€5,341 | -29.9% |
| Financial fixed assets | 28 | €7,500 | €7,500 | = | 0.0% |
| Current assets | 29/58 | €1,400,717 | €1,406,041 | +€5,324 | +0.4% |
| Stocks and contracts in progress | 3 | €708,501 | €566,562 | -€141,939 | -20.0% |
| Stocks | 30/36 | €320,310 | €213,962 | -€106,348 | -33.2% |
| Contracts in progress | 37 | €388,191 | €352,600 | -€35,591 | -9.2% |
| Amounts receivable within one year | 40/41 | €671,392 | €668,076 | -€3,316 | -0.5% |
| Trade receivables | 40 | €633,491 | €593,288 | -€40,203 | -6.3% |
| Other amounts receivable | 41 | €37,901 | €74,788 | +€36,887 | +97.3% |
| Cash at bank and in hand | 54/58 | €14,439 | €149,157 | +€134,718 | +933% |
| Deferred charges and accrued income | 490/1 | €6,385 | €22,246 | +€15,861 | +248% |
| Total equity and liabilities | 10/49 | €1,629,336 | €1,598,890 | -€30,446 | -1.9% |
| Equity | 10/15 | €307,574 | €348,007 | +€40,433 | +13.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €304,574 | €345,007 | +€40,433 | +13.3% |
| Distributable reserves | 133 | €304,574 | €345,007 | +€40,433 | +13.3% |
| Amounts payable | 17/49 | €1,321,762 | €1,250,883 | -€70,879 | -5.4% |
| Amounts payable after more than one year | 17 | €134,916 | €85,304 | -€49,612 | -36.8% |
| Financial debts | 170/4 | €134,916 | €85,304 | -€49,612 | -36.8% |
| Amounts payable within one year | 42/48 | €1,184,311 | €1,164,614 | -€19,697 | -1.7% |
| Current portion of amounts payable after more than one year | 42 | €139,391 | €134,774 | -€4,617 | -3.3% |
| Financial debts | 43 | €250,000 | €300,015 | +€50,015 | +20.0% |
| Credit institutions | 430/8 | €250,000 | €300,015 | +€50,015 | +20.0% |
| Trade debts | 44 | €594,363 | €567,600 | -€26,763 | -4.5% |
| Suppliers | 440/4 | €594,363 | €567,600 | -€26,763 | -4.5% |
| Taxes, remuneration and social security | 45 | €200,452 | €156,634 | -€43,818 | -21.9% |
| Taxes | 450/3 | €51,961 | €57,941 | +€5,980 | +11.5% |
| Remuneration and social security | 454/9 | €148,491 | €98,693 | -€49,798 | -33.5% |
| Other amounts payable | 47/48 | €105 | €5,591 | +€5,486 | +5,225% |
| Accrued charges and deferred income | 492/3 | €2,535 | €965 | -€1,570 | -61.9% |
| Non-recurring operating income | 76A | €11,666 | - | -€11,666 | |
| Remuneration, social security and pensions | 62 | €896,364 | €855,908 | -€40,456 | -4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €69,173 | €80,537 | +€11,364 | +16.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€938 | - | +€938 | |
| Other operating charges | 640/8 | €5,913 | €3,314 | -€2,599 | -44.0% |
| Gross operating margin | 9900 | €1,097,367 | €1,057,871 | -€39,496 | -3.6% |
| Operating profit (loss) | 9901 | €126,855 | €118,112 | -€8,743 | -6.9% |
| Financial income | 75/76B | €335 | €1,193 | +€858 | +256% |
| Recurring financial income | 75 | €335 | €1,193 | +€858 | +256% |
| Financial charges | 65/66B | €69,657 | €58,892 | -€10,765 | -15.5% |
| Recurring financial charges | 65 | €69,657 | €58,892 | -€10,765 | -15.5% |
| Profit (loss) for the period before taxes | 9903 | €57,533 | €60,413 | +€2,880 | +5.0% |
| Income taxes | 67/77 | €19,468 | €19,980 | +€512 | +2.6% |
| Profit (loss) for the period | 9904 | €38,065 | €40,433 | +€2,368 | +6.2% |
| Profit (loss) for the period to be appropriated | 9905 | €38,065 | €40,433 | +€2,368 | +6.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.