D-Locus: 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.
D-Locus
Largest movements
- Receivables within one year -€31,284
down €31,284 (-40.7%), from €76,887 to €45,603
- Debts after one year +€557,111
up €557,111 (+755.3%), from €73,756 to €630,867
of which Other amounts payable: +€574,596
- Other debts -€404,596
no longer reported in 2025 (was €404,596)
- Short-term financial debts -€170,000
no longer reported in 2025 (was €170,000)
- Gross operating margin -€72,015
down €72,015 (-76.6%), from €94,005 to €21,990
- Taxes -€17,426
down €17,426 (-89.5%), from €19,461 to €2,035
- Other operating charges -€4,188
down €4,188 (-53.3%), from €7,860 to €3,672
- Financial charges -€1,899
down €1,899 (-41.0%), from €4,627 to €2,728
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 | €1,180,841 | €1,156,191 | -€24,649 | -2.1% |
| Fixed assets | 21/28 | €265,836 | €258,387 | -€7,449 | -2.8% |
| Tangible fixed assets | 22/27 | €265,836 | €258,387 | -€7,449 | -2.8% |
| Land and buildings | 22 | €265,836 | €258,387 | -€7,449 | -2.8% |
| Current assets | 29/58 | €915,004 | €897,804 | -€17,200 | -1.9% |
| Stocks and contracts in progress | 3 | €831,496 | €836,398 | +€4,902 | +0.6% |
| Stocks | 30/36 | €831,496 | €836,398 | +€4,902 | +0.6% |
| Amounts receivable within one year | 40/41 | €76,887 | €45,603 | -€31,284 | -40.7% |
| Other amounts receivable | 41 | €76,887 | €45,603 | -€31,284 | -40.7% |
| Cash at bank and in hand | 54/58 | €6,622 | €15,803 | +€9,181 | +138.6% |
| Total equity and liabilities | 10/49 | €1,180,841 | €1,156,191 | -€24,649 | -2.1% |
| Equity | 10/15 | €428,584 | €434,689 | +€6,105 | +1.4% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €403,584 | €409,689 | +€6,105 | +1.5% |
| Distributable reserves | 133 | €403,584 | €409,689 | +€6,105 | +1.5% |
| Amounts payable | 17/49 | €752,257 | €721,502 | -€30,755 | -4.1% |
| Amounts payable after more than one year | 17 | €73,756 | €630,867 | +€557,111 | +755.3% |
| Financial debts | 170/4 | €73,756 | €56,272 | -€17,485 | -23.7% |
| Other amounts payable | 178/9 | - | €574,596 | +€574,596 | |
| Amounts payable within one year | 42/48 | €678,501 | €90,635 | -€587,865 | -86.6% |
| Current portion of amounts payable after more than one year | 42 | €25,016 | €17,485 | -€7,531 | -30.1% |
| Financial debts | 43 | €170,000 | - | -€170,000 | |
| Other loans | 439 | €170,000 | - | -€170,000 | |
| Trade debts | 44 | €71,928 | €66,189 | -€5,739 | -8.0% |
| Suppliers | 440/4 | €71,928 | €66,189 | -€5,739 | -8.0% |
| Taxes, remuneration and social security | 45 | €6,961 | €6,961 | = | 0.0% |
| Taxes | 450/3 | €6,961 | €6,961 | = | 0.0% |
| Other amounts payable | 47/48 | €404,596 | - | -€404,596 | |
| Non-recurring operating income | 76A | €4,006 | - | -€4,006 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,449 | €7,449 | -€0 | 0.0% |
| Other operating charges | 640/8 | €7,860 | €3,672 | -€4,188 | -53.3% |
| Gross operating margin | 9900 | €94,005 | €21,990 | -€72,015 | -76.6% |
| Operating profit (loss) | 9901 | €78,695 | €10,868 | -€67,827 | -86.2% |
| Financial income | 75/76B | €27 | - | -€27 | |
| Recurring financial income | 75 | €27 | - | -€27 | |
| Financial charges | 65/66B | €4,627 | €2,728 | -€1,899 | -41.0% |
| Recurring financial charges | 65 | €4,627 | €2,728 | -€1,899 | -41.0% |
| Profit (loss) for the period before taxes | 9903 | €74,095 | €8,140 | -€65,955 | -89.0% |
| Income taxes | 67/77 | €19,461 | €2,035 | -€17,426 | -89.5% |
| Profit (loss) for the period | 9904 | €54,634 | €6,105 | -€48,529 | -88.8% |
| Profit (loss) for the period to be appropriated | 9905 | €54,634 | €6,105 | -€48,529 | -88.8% |
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.