De Lork: 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.
De Lork
Largest movements
- Tangible fixed assets -€41,408
down €41,408 (-18.9%), from €218,896 to €177,488
of which Land and buildings: -€24,182
- Cash +€8,437
up €8,437 (+90.3%), from €9,339 to €17,776
mainly Depreciation (+€58,488) and Tax, wage and social debts (+€12,038)
- Current investments -€6,503
down €6,503 (-9.8%), from €66,511 to €60,008
- Reserves -€13,774
down €13,774 (-21.9%), from €62,959 to €49,185
of which Tax-exempt reserves: -€13,774
- Debts after one year -€12,934
down €12,934 (-95.0%), from €13,617 to €683
- Other debts -€12,560
down €12,560 (-5.0%), from €252,052 to €239,492
- Tax, wage and social debts +€12,038
up €12,038 (+3,934%), from €306 to €12,344
- Profit (loss) carried forward -€5,661
down €5,661 (-2.6%), from -€215,562 to -€221,223
- Gross operating margin -€7,668
down €7,668 (-12.4%), from €61,808 to €54,139
- Depreciation +€3,565
up €3,565 (+6.5%), from €54,923 to €58,488
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 | €349,077 | €309,120 | -€39,957 | -11.4% |
| Fixed assets | 21/28 | €218,945 | €177,538 | -€41,408 | -18.9% |
| Tangible fixed assets | 22/27 | €218,896 | €177,488 | -€41,408 | -18.9% |
| Land and buildings | 22 | €103,131 | €78,949 | -€24,182 | -23.4% |
| Plant, machinery and equipment | 23 | €40,505 | €43,361 | +€2,856 | +7.1% |
| Furniture and vehicles | 24 | €75,260 | €55,179 | -€20,081 | -26.7% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €130,132 | €131,583 | +€1,451 | +1.1% |
| Amounts receivable within one year | 40/41 | €53,017 | €50,940 | -€2,077 | -3.9% |
| Trade receivables | 40 | €51,048 | €50,940 | -€108 | -0.2% |
| Other amounts receivable | 41 | €1,969 | €0 | -€1,969 | -100% |
| Current investments | 50/53 | €66,511 | €60,008 | -€6,503 | -9.8% |
| Cash at bank and in hand | 54/58 | €9,339 | €17,776 | +€8,437 | +90.3% |
| Deferred charges and accrued income | 490/1 | €1,265 | €2,858 | +€1,593 | +126% |
| Total equity and liabilities | 10/49 | €349,077 | €309,120 | -€39,957 | -11.4% |
| Equity | 10/15 | €14,725 | -€4,710 | -€19,435 | |
| Contributions | 10/11 | €167,328 | €167,328 | = | 0.0% |
| Capital | 10 | €167,328 | €167,328 | = | 0.0% |
| Issued capital | 100 | €167,328 | €167,328 | = | 0.0% |
| Reserves | 13 | €62,959 | €49,185 | -€13,774 | -21.9% |
| Non-distributable reserves | 130/1 | €8,367 | €8,367 | = | 0.0% |
| Legal reserve | 130 | €8,367 | €8,367 | = | 0.0% |
| Tax-exempt reserves | 132 | €41,757 | €27,984 | -€13,774 | -33.0% |
| Distributable reserves | 133 | €12,835 | €12,835 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€215,562 | -€221,223 | -€5,661 | -2.6% |
| Provisions and deferred taxes | 16 | €12,827 | €8,236 | -€4,591 | -35.8% |
| Deferred taxes | 168 | €12,827 | €8,236 | -€4,591 | -35.8% |
| Amounts payable | 17/49 | €321,525 | €305,594 | -€15,931 | -5.0% |
| Amounts payable after more than one year | 17 | €13,617 | €683 | -€12,934 | -95.0% |
| Financial debts | 170/4 | €13,617 | €683 | -€12,934 | -95.0% |
| Amounts payable within one year | 42/48 | €294,488 | €293,065 | -€1,423 | -0.5% |
| Current portion of amounts payable after more than one year | 42 | €16,517 | €12,934 | -€3,583 | -21.7% |
| Trade debts | 44 | €25,613 | €28,295 | +€2,682 | +10.5% |
| Suppliers | 440/4 | €25,613 | €28,295 | +€2,682 | +10.5% |
| Taxes, remuneration and social security | 45 | €306 | €12,344 | +€12,038 | +3,934% |
| Taxes | 450/3 | €306 | €12,344 | +€12,038 | +3,934% |
| Other amounts payable | 47/48 | €252,052 | €239,492 | -€12,560 | -5.0% |
| Accrued charges and deferred income | 492/3 | €13,420 | €11,846 | -€1,574 | -11.7% |
| Remuneration, social security and pensions | 62 | €0 | €202 | +€202 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,923 | €58,488 | +€3,565 | +6.5% |
| Other operating charges | 640/8 | €3,147 | €3,297 | +€150 | +4.8% |
| Non-recurring operating charges | 66A | - | €459 | +€459 | |
| Gross operating margin | 9900 | €61,808 | €54,139 | -€7,668 | -12.4% |
| Operating profit (loss) | 9901 | €3,738 | -€8,306 | -€12,044 | |
| Financial income | 75/76B | €755 | €150 | -€605 | -80.1% |
| Recurring financial income | 75 | €755 | €150 | -€605 | -80.1% |
| Financial charges | 65/66B | €15,981 | €15,639 | -€342 | -2.1% |
| Recurring financial charges | 65 | €15,981 | €15,639 | -€342 | -2.1% |
| Profit (loss) for the period before taxes | 9903 | -€11,488 | -€23,795 | -€12,307 | -107% |
| Transfer from deferred taxes | 780 | €4,591 | €4,591 | = | 0.0% |
| Income taxes | 67/77 | €234 | €230 | -€3 | -1.5% |
| Profit (loss) for the period | 9904 | -€7,131 | -€19,435 | -€12,304 | -173% |
| Transfer from tax-exempt reserves | 789 | €13,774 | €13,774 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €6,643 | -€5,661 | -€12,304 |
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 16 October 2026 via checked.be.