LE DAUPHIN: 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.
LE DAUPHIN
Largest movements
- Tangible fixed assets -€40,038
down €40,038 (-17.8%), from €224,738 to €184,700
of which Furniture and vehicles: -€22,829
- Current investments +€25,719
up €25,719 (+36.6%), from €70,320 to €96,038
- Debts after one year -€30,995
down €30,995 (-32.5%), from €95,512 to €64,517
- Reserves +€9,000
up €9,000 (+7.2%), from €125,498 to €134,498
of which Distributable reserves: +€9,000
- Depreciation +€6,262
up €6,262 (+18.5%), from €33,776 to €40,038
- Gross operating margin -€1,883
down €1,883 (-2.3%), from €80,392 to €78,508
- Financial charges +€1,269
up €1,269 (+32.6%), from €3,898 to €5,167
- Other operating charges -€1,185
down €1,185 (-18.3%), from €6,476 to €5,291
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 | €575,815 | €563,527 | -€12,287 | -2.1% |
| Fixed assets | 21/28 | €225,238 | €185,200 | -€40,038 | -17.8% |
| Tangible fixed assets | 22/27 | €224,738 | €184,700 | -€40,038 | -17.8% |
| Land and buildings | 22 | €64,613 | €63,439 | -€1,174 | -1.8% |
| Plant, machinery and equipment | 23 | €96,565 | €80,530 | -€16,036 | -16.6% |
| Furniture and vehicles | 24 | €63,560 | €40,731 | -€22,829 | -35.9% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €350,577 | €378,327 | +€27,751 | +7.9% |
| Amounts receivable within one year | 40/41 | €240,265 | €240,826 | +€560 | +0.2% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €240,265 | €240,826 | +€560 | +0.2% |
| Current investments | 50/53 | €70,320 | €96,038 | +€25,719 | +36.6% |
| Cash at bank and in hand | 54/58 | €37,805 | €40,600 | +€2,795 | +7.4% |
| Deferred charges and accrued income | 490/1 | €2,187 | €863 | -€1,323 | -60.5% |
| Total equity and liabilities | 10/49 | €575,815 | €563,527 | -€12,287 | -2.1% |
| Equity | 10/15 | €433,221 | €443,253 | +€10,032 | +2.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €125,498 | €134,498 | +€9,000 | +7.2% |
| Tax-exempt reserves | 132 | €78,638 | €78,638 | = | 0.0% |
| Distributable reserves | 133 | €46,860 | €55,860 | +€9,000 | +19.2% |
| Profit (loss) carried forward | 14 | €289,123 | €290,155 | +€1,032 | +0.4% |
| Amounts payable | 17/49 | €142,594 | €120,274 | -€22,320 | -15.7% |
| Amounts payable after more than one year | 17 | €95,512 | €64,517 | -€30,995 | -32.5% |
| Financial debts | 170/4 | €95,512 | €64,517 | -€30,995 | -32.5% |
| Amounts payable within one year | 42/48 | €46,092 | €54,607 | +€8,515 | +18.5% |
| Current portion of amounts payable after more than one year | 42 | €33,281 | €31,995 | -€1,287 | -3.9% |
| Trade debts | 44 | €2,633 | €1,797 | -€836 | -31.7% |
| Suppliers | 440/4 | €2,633 | €1,797 | -€836 | -31.7% |
| Taxes, remuneration and social security | 45 | €5,178 | €10,815 | +€5,638 | +109% |
| Taxes | 450/3 | €5,178 | €7,315 | +€2,138 | +41.3% |
| Remuneration and social security | 454/9 | €0 | €3,500 | +€3,500 | |
| Other amounts payable | 47/48 | €5,000 | €10,000 | +€5,000 | +100% |
| Accrued charges and deferred income | 492/3 | €990 | €1,150 | +€160 | +16.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,776 | €40,038 | +€6,262 | +18.5% |
| Other operating charges | 640/8 | €6,476 | €5,291 | -€1,185 | -18.3% |
| Gross operating margin | 9900 | €80,392 | €78,508 | -€1,883 | -2.3% |
| Operating profit (loss) | 9901 | €40,140 | €33,179 | -€6,960 | -17.3% |
| Financial income | 75/76B | €456 | €1,027 | +€570 | +125% |
| Recurring financial income | 75 | €456 | €1,027 | +€570 | +125% |
| Financial charges | 65/66B | €3,898 | €5,167 | +€1,269 | +32.6% |
| Recurring financial charges | 65 | €3,898 | €5,167 | +€1,269 | +32.6% |
| Profit (loss) for the period before taxes | 9903 | €36,699 | €29,039 | -€7,659 | -20.9% |
| Income taxes | 67/77 | €9,035 | €9,007 | -€27 | -0.3% |
| Profit (loss) for the period | 9904 | €27,664 | €20,032 | -€7,632 | -27.6% |
| Profit (loss) for the period to be appropriated | 9905 | €27,664 | €20,032 | -€7,632 | -27.6% |
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 30 October 2026 via checked.be.