DULCIS EDM: 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.
DULCIS EDM
Largest movements
- Cash +€66,244
up €66,244 (+95.0%), from €69,762 to €136,006
mainly Net result for the year (+€157,020) and Other debts (+€84,818)
- Debts after one year -€124,160
down €124,160 (-92.3%), from €134,574 to €10,414
- Reserves +€86,163
up €86,163 (+23.1%), from €373,626 to €459,789
- Other debts +€84,818
up €84,818 (+287.9%), from €29,465 to €114,283
- Gross operating margin +€13,899
up €13,899 (+16.3%), from €85,145 to €99,044
- Taxes +€4,335
up €4,335 (+14.2%), from €30,577 to €34,912
- Financial charges -€1,383
down €1,383 (-30.8%), from €4,498 to €3,115
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 | €987,102 | €1,047,153 | +€60,051 | +6.1% |
| Fixed assets | 21/28 | €912,510 | €909,379 | -€3,131 | -0.3% |
| Tangible fixed assets | 22/27 | €5,760 | €2,629 | -€3,131 | -54.4% |
| Plant, machinery and equipment | 23 | €1,553 | €986 | -€567 | -36.5% |
| Furniture and vehicles | 24 | €4,207 | €1,643 | -€2,564 | -60.9% |
| Financial fixed assets | 28 | €906,750 | €906,750 | = | 0.0% |
| Current assets | 29/58 | €74,592 | €137,774 | +€63,182 | +84.7% |
| Amounts receivable within one year | 40/41 | €4,036 | €969 | -€3,066 | -76.0% |
| Other amounts receivable | 41 | €4,036 | €969 | -€3,066 | -76.0% |
| Cash at bank and in hand | 54/58 | €69,762 | €136,006 | +€66,244 | +95.0% |
| Deferred charges and accrued income | 490/1 | €795 | €799 | +€5 | +0.6% |
| Total equity and liabilities | 10/49 | €987,102 | €1,047,153 | +€60,051 | +6.1% |
| Equity | 10/15 | €673,626 | €759,789 | +€86,163 | +12.8% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Reserves | 13 | €373,626 | €459,789 | +€86,163 | +23.1% |
| Distributable reserves | 133 | €373,626 | €459,789 | +€86,163 | +23.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €313,476 | €287,363 | -€26,112 | -8.3% |
| Amounts payable after more than one year | 17 | €134,574 | €10,414 | -€124,160 | -92.3% |
| Financial debts | 170/4 | €134,574 | €10,414 | -€124,160 | -92.3% |
| Amounts payable within one year | 42/48 | €178,902 | €276,949 | +€98,048 | +54.8% |
| Current portion of amounts payable after more than one year | 42 | €122,677 | €124,160 | +€1,483 | +1.2% |
| Trade debts | 44 | €2,082 | €11,679 | +€9,597 | +461.0% |
| Suppliers | 440/4 | €2,082 | €11,679 | +€9,597 | +461.0% |
| Taxes, remuneration and social security | 45 | €24,679 | €26,828 | +€2,149 | +8.7% |
| Taxes | 450/3 | €22,179 | €24,328 | +€2,149 | +9.7% |
| Remuneration and social security | 454/9 | €2,500 | €2,500 | = | 0.0% |
| Other amounts payable | 47/48 | €29,465 | €114,283 | +€84,818 | +287.9% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,713 | €3,131 | +€418 | +15.4% |
| Other operating charges | 640/8 | €1,234 | €1,259 | +€25 | +2.1% |
| Gross operating margin | 9900 | €85,145 | €99,044 | +€13,899 | +16.3% |
| Operating profit (loss) | 9901 | €81,199 | €94,654 | +€13,455 | +16.6% |
| Financial income | 75/76B | €100,000 | €100,393 | +€393 | +0.4% |
| Recurring financial income | 75 | €100,000 | €100,393 | +€393 | +0.4% |
| Financial charges | 65/66B | €4,498 | €3,115 | -€1,383 | -30.8% |
| Recurring financial charges | 65 | €4,498 | €3,115 | -€1,383 | -30.8% |
| Profit (loss) for the period before taxes | 9903 | €176,700 | €191,932 | +€15,232 | +8.6% |
| Income taxes | 67/77 | €30,577 | €34,912 | +€4,335 | +14.2% |
| Profit (loss) for the period | 9904 | €146,123 | €157,020 | +€10,897 | +7.5% |
| Profit (loss) for the period to be appropriated | 9905 | €146,123 | €157,020 | +€10,897 | +7.5% |
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 5 October 2026 via checked.be.