DE LA CRUZ: what changed
DE LA CRUZ
Largest movements
- Cash -€4,145
down €4,145 (-41.7%), from €9,952 to €5,806
mainly Investment in fixed assets (net) (-€4,145) and Receivables within one year (-€1,918)
- Receivables within one year +€1,918
up €1,918 (+23.4%), from €8,208 to €10,126
of which Other amounts receivable: +€1,196
- Tangible fixed assets +€1,071
up €1,071 (+21.0%), from €5,113 to €6,184
of which Plant, machinery and equipment: +€4,001
- Deferred charges and accrued income +€851
up €851 (+834%), from €102 to €953
- Profit (loss) carried forward +€2,424
up €2,424 (+188%), from €1,289 to €3,713
- Current portion of long-term debt -€1,441
no longer reported in 2025 (was €1,441)
- Trade debts -€1,375
no longer reported in 2025 (was €1,375)
- Tax, wage and social debts +€633
up €633 (+48.9%), from €1,296 to €1,929
of which Taxes: +€1,033
- Debts after one year -€547
no longer reported in 2025 (was €547)
- Gross operating margin -€7,996
down €7,996 (-51.5%), from €15,531 to €7,535
- Taxes -€1,387
down €1,387 (-47.7%), from €2,908 to €1,521
- Financial charges -€443
down €443 (-56.4%), from €786 to €342
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €25,160 | €24,854 | -€306 | -1.2% |
| Fixed assets | 21/28 | €6,898 | €7,969 | +€1,071 | +15.5% |
| Tangible fixed assets | 22/27 | €5,113 | €6,184 | +€1,071 | +21.0% |
| Plant, machinery and equipment | 23 | €339 | €4,339 | +€4,001 | +1,182% |
| Furniture and vehicles | 24 | €672 | €176 | -€496 | -73.8% |
| Leasing and similar rights | 25 | €3,353 | €919 | -€2,433 | -72.6% |
| Other tangible fixed assets | 26 | €750 | €750 | = | 0.0% |
| Assets under construction and advance payments | 27 | €0 | - | -€0 | |
| Financial fixed assets | 28 | €1,785 | €1,785 | = | 0.0% |
| Current assets | 29/58 | €18,262 | €16,885 | -€1,377 | -7.5% |
| Amounts receivable within one year | 40/41 | €8,208 | €10,126 | +€1,918 | +23.4% |
| Trade receivables | 40 | €7,100 | €7,822 | +€722 | +10.2% |
| Other amounts receivable | 41 | €1,108 | €2,305 | +€1,196 | +108% |
| Cash at bank and in hand | 54/58 | €9,952 | €5,806 | -€4,145 | -41.7% |
| Deferred charges and accrued income | 490/1 | €102 | €953 | +€851 | +834% |
| Total equity and liabilities | 10/49 | €25,160 | €24,854 | -€306 | -1.2% |
| Equity | 10/15 | €20,501 | €22,925 | +€2,424 | +11.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €612 | €612 | = | 0.0% |
| Distributable reserves | 133 | €612 | €612 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,289 | €3,713 | +€2,424 | +188% |
| Amounts payable | 17/49 | €4,659 | €1,929 | -€2,730 | -58.6% |
| Amounts payable after more than one year | 17 | €547 | - | -€547 | |
| Financial debts | 170/4 | €547 | - | -€547 | |
| Amounts payable within one year | 42/48 | €4,112 | €1,929 | -€2,183 | -53.1% |
| Current portion of amounts payable after more than one year | 42 | €1,441 | - | -€1,441 | |
| Trade debts | 44 | €1,375 | - | -€1,375 | |
| Suppliers | 440/4 | €1,375 | - | -€1,375 | |
| Taxes, remuneration and social security | 45 | €1,296 | €1,929 | +€633 | +48.9% |
| Taxes | 450/3 | €896 | €1,929 | +€1,033 | +115% |
| Remuneration and social security | 454/9 | €400 | - | -€400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,933 | €3,074 | +€141 | +4.8% |
| Other operating charges | 640/8 | €300 | €178 | -€122 | -40.8% |
| Gross operating margin | 9900 | €15,531 | €7,535 | -€7,996 | -51.5% |
| Operating profit (loss) | 9901 | €12,298 | €4,284 | -€8,014 | -65.2% |
| Financial income | 75/76B | €0 | €4 | +€4 | +9,175% |
| Recurring financial income | 75 | €0 | €4 | +€4 | +9,175% |
| Financial charges | 65/66B | €786 | €342 | -€443 | -56.4% |
| Recurring financial charges | 65 | €786 | €342 | -€443 | -56.4% |
| Profit (loss) for the period before taxes | 9903 | €11,512 | €3,945 | -€7,567 | -65.7% |
| Income taxes | 67/77 | €2,908 | €1,521 | -€1,387 | -47.7% |
| Profit (loss) for the period | 9904 | €8,604 | €2,424 | -€6,179 | -71.8% |
| Profit (loss) for the period to be appropriated | 9905 | €8,604 | €2,424 | -€6,179 | -71.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.