da-LUX: 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.
da-LUX
Largest movements
- Receivables within one year +€88,703
up €88,703 (+85.2%), from €104,142 to €192,845
of which Trade receivables: +€74,861
- Stocks and contracts +€53,595
up €53,595 (+9.1%), from €589,227 to €642,822
- Current investments -€47,811
down €47,811 (-78.8%), from €60,691 to €12,879
- Cash -€27,502
down €27,502 (-74.4%), from €36,974 to €9,472
mainly Receivables within one year (-€88,703) and Investment in fixed assets (net) (-€80,824)
- Intangible fixed assets +€20,581
up €20,581 (+209.3%), from €9,836 to €30,417
- Other debts +€59,449
up €59,449 (+117.6%), from €50,551 to €110,000
- Trade debts +€34,897
up €34,897 (+18.5%), from €188,713 to €223,610
- Reserves -€32,462
down €32,462 (-7.3%), from €443,514 to €411,051
- Tax, wage and social debts +€27,911
up €27,911 (+54.7%), from €51,027 to €78,938
of which Remuneration and social security: +€14,530
- Current portion of long-term debt +€18,850
up €18,850 (+44.4%), from €42,467 to €61,317
- Staff costs +€124,954
up €124,954 (+73.3%), from €170,452 to €295,406
- Gross operating margin +€42,240
up €42,240 (+11.5%), from €368,239 to €410,478
- Taxes -€29,580
down €29,580 (-82.8%), from €35,713 to €6,133
- Depreciation -€6,784
down €6,784 (-12.3%), from €55,273 to €48,489
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 | €1,064,895 | €1,168,223 | +€103,328 | +9.7% |
| Fixed assets | 21/28 | €256,124 | €288,459 | +€32,335 | +12.6% |
| Intangible fixed assets | 21 | €9,836 | €30,417 | +€20,581 | +209.3% |
| Tangible fixed assets | 22/27 | €246,285 | €258,038 | +€11,753 | +4.8% |
| Plant, machinery and equipment | 23 | €7,473 | €8,086 | +€613 | +8.2% |
| Furniture and vehicles | 24 | €100,120 | €118,523 | +€18,404 | +18.4% |
| Leasing and similar rights | 25 | €133,250 | €120,566 | -€12,684 | -9.5% |
| Other tangible fixed assets | 26 | €5,442 | €10,863 | +€5,421 | +99.6% |
| Financial fixed assets | 28 | €4 | €4 | = | 0.0% |
| Current assets | 29/58 | €808,771 | €879,764 | +€70,993 | +8.8% |
| Stocks and contracts in progress | 3 | €589,227 | €642,822 | +€53,595 | +9.1% |
| Stocks | 30/36 | €589,227 | €642,822 | +€53,595 | +9.1% |
| Amounts receivable within one year | 40/41 | €104,142 | €192,845 | +€88,703 | +85.2% |
| Trade receivables | 40 | €89,036 | €163,897 | +€74,861 | +84.1% |
| Other amounts receivable | 41 | €15,106 | €28,948 | +€13,841 | +91.6% |
| Current investments | 50/53 | €60,691 | €12,879 | -€47,811 | -78.8% |
| Cash at bank and in hand | 54/58 | €36,974 | €9,472 | -€27,502 | -74.4% |
| Deferred charges and accrued income | 490/1 | €17,738 | €21,746 | +€4,008 | +22.6% |
| Total equity and liabilities | 10/49 | €1,064,895 | €1,168,223 | +€103,328 | +9.7% |
| Equity | 10/15 | €593,514 | €561,051 | -€32,462 | -5.5% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €443,514 | €411,051 | -€32,462 | -7.3% |
| Distributable reserves | 133 | €443,514 | €411,051 | -€32,462 | -7.3% |
| Amounts payable | 17/49 | €471,382 | €607,172 | +€135,790 | +28.8% |
| Amounts payable after more than one year | 17 | €133,744 | €126,926 | -€6,818 | -5.1% |
| Financial debts | 170/4 | €133,744 | €126,926 | -€6,818 | -5.1% |
| Amounts payable within one year | 42/48 | €332,758 | €473,865 | +€141,107 | +42.4% |
| Current portion of amounts payable after more than one year | 42 | €42,467 | €61,317 | +€18,850 | +44.4% |
| Trade debts | 44 | €188,713 | €223,610 | +€34,897 | +18.5% |
| Suppliers | 440/4 | €188,713 | €223,610 | +€34,897 | +18.5% |
| Taxes, remuneration and social security | 45 | €51,027 | €78,938 | +€27,911 | +54.7% |
| Taxes | 450/3 | €22,126 | €35,507 | +€13,381 | +60.5% |
| Remuneration and social security | 454/9 | €28,901 | €43,431 | +€14,530 | +50.3% |
| Other amounts payable | 47/48 | €50,551 | €110,000 | +€59,449 | +117.6% |
| Accrued charges and deferred income | 492/3 | €4,879 | €6,381 | +€1,502 | +30.8% |
| Remuneration, social security and pensions | 62 | €170,452 | €295,406 | +€124,954 | +73.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,273 | €48,489 | -€6,784 | -12.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,295 | - | -€1,295 | |
| Other operating charges | 640/8 | €4,640 | €5,717 | +€1,077 | +23.2% |
| Non-recurring operating charges | 66A | - | €28,804 | +€28,804 | |
| Gross operating margin | 9900 | €368,239 | €410,478 | +€42,240 | +11.5% |
| Operating profit (loss) | 9901 | €136,579 | €32,063 | -€104,516 | -76.5% |
| Financial income | 75/76B | €752 | €541 | -€210 | -28.0% |
| Recurring financial income | 75 | €752 | €541 | -€210 | -28.0% |
| Financial charges | 65/66B | €15,831 | €18,211 | +€2,380 | +15.0% |
| Recurring financial charges | 65 | €15,831 | €18,211 | +€2,380 | +15.0% |
| Profit (loss) for the period before taxes | 9903 | €121,500 | €14,393 | -€107,107 | -88.2% |
| Income taxes | 67/77 | €35,713 | €6,133 | -€29,580 | -82.8% |
| Profit (loss) for the period | 9904 | €85,786 | €8,260 | -€77,527 | -90.4% |
| Profit (loss) for the period to be appropriated | 9905 | €85,786 | €8,260 | -€77,527 | -90.4% |
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 10 October 2026 via checked.be.