Philippe DALCQ: 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.
Philippe DALCQ
Largest movements
- Tangible fixed assets -€9,173
down €9,173 (-44.7%), from €20,503 to €11,329
- Cash -€1,990
down €1,990 (-77.1%), from €2,582 to €592
mainly Debts after one year (-€8,943) and Net result for the year (-€3,764)
- Deferred charges and accrued income +€386
up €386 (+144.3%), from €267 to €653
- Stocks and contracts -€315
down €315 (-38.8%), from €810 to €496
- Debts after one year -€8,943
down €8,943 (-74.9%), from €11,943 to €3,000
- Profit (loss) carried forward -€3,764
down €3,764 (-7.5%), from -€49,868 to -€53,632
- Trade debts +€927
up €927 (+23.1%), from €4,005 to €4,931
- Other debts +€678
up €678 (+1.9%), from €35,803 to €36,481
- Purchases and services +€16,024
new in 2025: €16,024
- Gross operating margin +€5,369
up €5,369 (+979.2%), from €548 to €5,917
- Other operating charges -€485
down €485 (-63.7%), from €762 to €276
- Financial charges -€135
down €135 (-35.7%), from €377 to €243
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 | €30,578 | €19,563 | -€11,015 | -36.0% |
| Fixed assets | 21/28 | €20,503 | €11,329 | -€9,173 | -44.7% |
| Tangible fixed assets | 22/27 | €20,503 | €11,329 | -€9,173 | -44.7% |
| Furniture and vehicles | 24 | €20,503 | €11,329 | -€9,173 | -44.7% |
| Current assets | 29/58 | €10,076 | €8,233 | -€1,842 | -18.3% |
| Stocks and contracts in progress | 3 | €810 | €496 | -€315 | -38.8% |
| Stocks | 30/36 | €810 | €496 | -€315 | -38.8% |
| Amounts receivable within one year | 40/41 | €6,416 | €6,493 | +€76 | +1.2% |
| Trade receivables | 40 | €5,994 | €6,202 | +€208 | +3.5% |
| Other amounts receivable | 41 | €423 | €291 | -€132 | -31.2% |
| Cash at bank and in hand | 54/58 | €2,582 | €592 | -€1,990 | -77.1% |
| Deferred charges and accrued income | 490/1 | €267 | €653 | +€386 | +144.3% |
| Total equity and liabilities | 10/49 | €30,578 | €19,563 | -€11,015 | -36.0% |
| Equity | 10/15 | -€30,029 | -€33,793 | -€3,764 | -12.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,239 | €1,239 | = | 0.0% |
| Distributable reserves | 133 | €1,239 | €1,239 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€49,868 | -€53,632 | -€3,764 | -7.5% |
| Amounts payable | 17/49 | €60,607 | €53,356 | -€7,251 | -12.0% |
| Amounts payable after more than one year | 17 | €11,943 | €3,000 | -€8,943 | -74.9% |
| Financial debts | 170/4 | €11,943 | €3,000 | -€8,943 | -74.9% |
| Amounts payable within one year | 42/48 | €48,664 | €50,356 | +€1,692 | +3.5% |
| Current portion of amounts payable after more than one year | 42 | €8,856 | €8,943 | +€87 | +1.0% |
| Trade debts | 44 | €4,005 | €4,931 | +€927 | +23.1% |
| Suppliers | 440/4 | €4,005 | €4,931 | +€927 | +23.1% |
| Other amounts payable | 47/48 | €35,803 | €36,481 | +€678 | +1.9% |
| Goods, raw materials, services and sundry goods | 60/61 | - | €16,024 | +€16,024 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,173 | €9,173 | = | 0.0% |
| Other operating charges | 640/8 | €762 | €276 | -€485 | -63.7% |
| Gross operating margin | 9900 | €548 | €5,917 | +€5,369 | +979.2% |
| Operating profit (loss) | 9901 | -€9,387 | -€3,532 | +€5,854 | +62.4% |
| Financial income | 75/76B | €1 | €10 | +€10 | +1024.7% |
| Recurring financial income | 75 | €1 | €10 | +€10 | +1024.7% |
| Financial charges | 65/66B | €377 | €243 | -€135 | -35.7% |
| Recurring financial charges | 65 | €377 | €243 | -€135 | -35.7% |
| Profit (loss) for the period before taxes | 9903 | -€9,763 | -€3,764 | +€5,999 | +61.4% |
| Income taxes | 67/77 | -€7 | - | +€7 | |
| Profit (loss) for the period | 9904 | -€9,756 | -€3,764 | +€5,992 | +61.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,756 | -€3,764 | +€5,992 | +61.4% |
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 12 October 2026 via checked.be.