Howard Dalloway: 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.
Howard Dalloway
Largest movements
- Cash +€33,221
up €33,221 (+216.4%), from €15,349 to €48,571
mainly Net result for the year (+€48,182) and Depreciation (+€18,961)
- Tangible fixed assets -€13,768
down €13,768 (-22.4%), from €61,466 to €47,698
of which Furniture and vehicles: -€15,182
- Receivables within one year +€8,313
up €8,313 (+45.7%), from €18,180 to €26,493
of which Trade receivables: +€10,563
- Reserves +€50,000
up €50,000 (+166.7%), from €30,000 to €80,000
- Other debts -€12,168
down €12,168 (-55.8%), from €21,810 to €9,642
- Debts after one year -€7,492
down €7,492 (-38.8%), from €19,314 to €11,822
- Trade debts -€1,986
down €1,986 (-96.2%), from €2,064 to €78
- Profit (loss) carried forward -€1,818
down €1,818 (-86.4%), from €2,104 to €286
- Gross operating margin +€30,382
up €30,382 (+56.8%), from €53,503 to €83,884
- Depreciation +€8,366
up €8,366 (+79.0%), from €10,595 to €18,961
- Taxes +€4,758
up €4,758 (+52.6%), from €9,050 to €13,808
- Financial charges +€1,475
up €1,475 (+223.9%), from €659 to €2,134
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 | €94,995 | €122,762 | +€27,767 | +29.2% |
| Fixed assets | 21/28 | €61,466 | €47,698 | -€13,768 | -22.4% |
| Tangible fixed assets | 22/27 | €61,466 | €47,698 | -€13,768 | -22.4% |
| Plant, machinery and equipment | 23 | - | €1,414 | +€1,414 | |
| Furniture and vehicles | 24 | €61,466 | €46,284 | -€15,182 | -24.7% |
| Current assets | 29/58 | €33,529 | €75,064 | +€41,534 | +123.9% |
| Amounts receivable within one year | 40/41 | €18,180 | €26,493 | +€8,313 | +45.7% |
| Trade receivables | 40 | €14,730 | €25,293 | +€10,563 | +71.7% |
| Other amounts receivable | 41 | €3,450 | €1,200 | -€2,250 | -65.2% |
| Cash at bank and in hand | 54/58 | €15,349 | €48,571 | +€33,221 | +216.4% |
| Total equity and liabilities | 10/49 | €94,995 | €122,762 | +€27,767 | +29.2% |
| Equity | 10/15 | €37,104 | €85,286 | +€48,182 | +129.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €30,000 | €80,000 | +€50,000 | +166.7% |
| Distributable reserves | 133 | €30,000 | €80,000 | +€50,000 | +166.7% |
| Profit (loss) carried forward | 14 | €2,104 | €286 | -€1,818 | -86.4% |
| Amounts payable | 17/49 | €57,892 | €37,476 | -€20,415 | -35.3% |
| Amounts payable after more than one year | 17 | €19,314 | €11,822 | -€7,492 | -38.8% |
| Financial debts | 170/4 | €19,314 | €11,822 | -€7,492 | -38.8% |
| Amounts payable within one year | 42/48 | €38,577 | €24,875 | -€13,703 | -35.5% |
| Current portion of amounts payable after more than one year | 42 | €7,195 | €7,492 | +€297 | +4.1% |
| Trade debts | 44 | €2,064 | €78 | -€1,986 | -96.2% |
| Suppliers | 440/4 | €2,064 | €78 | -€1,986 | -96.2% |
| Taxes, remuneration and social security | 45 | €7,508 | €7,663 | +€155 | +2.1% |
| Taxes | 450/3 | €5,508 | €5,663 | +€155 | +2.8% |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 47/48 | €21,810 | €9,642 | -€12,168 | -55.8% |
| Accrued charges and deferred income | 492/3 | - | €779 | +€779 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,595 | €18,961 | +€8,366 | +79.0% |
| Other operating charges | 640/8 | €1,096 | €799 | -€297 | -27.1% |
| Gross operating margin | 9900 | €53,503 | €83,884 | +€30,382 | +56.8% |
| Operating profit (loss) | 9901 | €41,812 | €64,124 | +€22,313 | +53.4% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €659 | €2,134 | +€1,475 | +223.9% |
| Recurring financial charges | 65 | €659 | €2,134 | +€1,475 | +223.9% |
| Profit (loss) for the period before taxes | 9903 | €41,154 | €61,990 | +€20,837 | +50.6% |
| Income taxes | 67/77 | €9,050 | €13,808 | +€4,758 | +52.6% |
| Profit (loss) for the period | 9904 | €32,104 | €48,182 | +€16,078 | +50.1% |
| Profit (loss) for the period to be appropriated | 9905 | €32,104 | €48,182 | +€16,078 | +50.1% |
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 9 October 2026 via checked.be.