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 -€8,092
down €8,092 (-11.2%), from €72,299 to €64,207
of which Plant, machinery and equipment: -€6,656
- Receivables within one year +€7,630
up €7,630 (+61.1%), from €12,492 to €20,122
- Cash +€2,598
up €2,598 (+7.1%), from €36,387 to €38,986
mainly Depreciation (+€42,442) and Tax, wage and social debts (+€38,232)
- Trade debts -€39,260
down €39,260 (-76.0%), from €51,684 to €12,424
- Tax, wage and social debts +€38,232
up €38,232 (+199%), from €19,230 to €57,463
of which Remuneration and social security: +€34,294
- Reserves +€3,164
up €3,164 (+8.1%), from €39,224 to €42,388
of which Distributable reserves: +€3,164
- Staff costs +€19,291
up €19,291 (+21.7%), from €88,732 to €108,023
- Gross operating margin +€15,861
up €15,861 (+11.4%), from €139,640 to €155,501
- Depreciation +€3,059
up €3,059 (+7.8%), from €39,383 to €42,442
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 | €121,298 | €123,434 | +€2,136 | +1.8% |
| Fixed assets | 21/28 | €72,419 | €64,327 | -€8,092 | -11.2% |
| Tangible fixed assets | 22/27 | €72,299 | €64,207 | -€8,092 | -11.2% |
| Plant, machinery and equipment | 23 | €19,773 | €13,117 | -€6,656 | -33.7% |
| Furniture and vehicles | 24 | €52,526 | €51,090 | -€1,436 | -2.7% |
| Financial fixed assets | 28 | €120 | €120 | = | 0.0% |
| Current assets | 29/58 | €48,880 | €59,108 | +€10,228 | +20.9% |
| Amounts receivable within one year | 40/41 | €12,492 | €20,122 | +€7,630 | +61.1% |
| Other amounts receivable | 41 | €12,492 | €20,122 | +€7,630 | +61.1% |
| Cash at bank and in hand | 54/58 | €36,387 | €38,986 | +€2,598 | +7.1% |
| Total equity and liabilities | 10/49 | €121,298 | €123,434 | +€2,136 | +1.8% |
| Equity | 10/15 | €50,384 | €53,548 | +€3,164 | +6.3% |
| Contributions | 10/11 | €11,160 | €11,160 | = | 0.0% |
| Contributions outside capital | 11 | €11,160 | €11,160 | = | 0.0% |
| Other | 1109/19 | €11,160 | €11,160 | = | 0.0% |
| Reserves | 13 | €39,224 | €42,388 | +€3,164 | +8.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €9,000 | €9,000 | = | 0.0% |
| Distributable reserves | 133 | €28,364 | €31,528 | +€3,164 | +11.2% |
| Amounts payable | 17/49 | €70,915 | €69,887 | -€1,028 | -1.5% |
| Amounts payable within one year | 42/48 | €70,915 | €69,887 | -€1,028 | -1.5% |
| Trade debts | 44 | €51,684 | €12,424 | -€39,260 | -76.0% |
| Suppliers | 440/4 | €51,684 | €12,424 | -€39,260 | -76.0% |
| Taxes, remuneration and social security | 45 | €19,230 | €57,463 | +€38,232 | +199% |
| Taxes | 450/3 | €3,370 | €7,309 | +€3,938 | +117% |
| Remuneration and social security | 454/9 | €15,860 | €50,154 | +€34,294 | +216% |
| Remuneration, social security and pensions | 62 | €88,732 | €108,023 | +€19,291 | +21.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,383 | €42,442 | +€3,059 | +7.8% |
| Other operating charges | 640/8 | €838 | €1,347 | +€509 | +60.8% |
| Gross operating margin | 9900 | €139,640 | €155,501 | +€15,861 | +11.4% |
| Operating profit (loss) | 9901 | €10,687 | €3,689 | -€6,998 | -65.5% |
| Financial income | 75/76B | €1 | €0 | -€1 | -99.1% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -99.1% |
| Financial charges | 65/66B | €288 | €367 | +€80 | +27.7% |
| Recurring financial charges | 65 | €288 | €367 | +€80 | +27.7% |
| Profit (loss) for the period before taxes | 9903 | €10,400 | €3,321 | -€7,079 | -68.1% |
| Income taxes | 67/77 | €149 | €157 | +€8 | +5.6% |
| Profit (loss) for the period | 9904 | €10,252 | €3,164 | -€7,087 | -69.1% |
| Profit (loss) for the period to be appropriated | 9905 | €10,252 | €3,164 | -€7,087 | -69.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.