De Lou: 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 Lou
Largest movements
- Tangible fixed assets +€55,054
up €55,054 (+6.0%), from €922,603 to €977,657
of which Land and buildings: +€89,662
- Cash +€16,299
up €16,299 (+35.9%), from €45,441 to €61,739
mainly Depreciation (+€90,112) and Trade debts (+€31,234)
- Receivables within one year -€11,524
down €11,524 (-80.0%), from €14,405 to €2,881
of which Trade receivables: -€12,509
- Trade debts +€31,234
up €31,234 (+83.9%), from €37,230 to €68,464
- Tax, wage and social debts +€26,492
up €26,492 (+61.1%), from €43,387 to €69,879
of which Taxes: +€16,153
- Reserves +€26,200
up €26,200 (+21.0%), from €124,978 to €151,179
- Debts after one year -€13,894
down €13,894 (-2.0%), from €678,752 to €664,858
of which Financial debts: -€65,769
- Gross operating margin +€36,414
up €36,414 (+8.8%), from €412,001 to €448,415
- Staff costs +€19,615
up €19,615 (+7.3%), from €268,981 to €288,596
- Depreciation +€16,433
up €16,433 (+22.3%), from €73,679 to €90,112
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,006,712 | €1,070,701 | +€63,990 | +6.4% |
| Fixed assets | 21/28 | €922,603 | €977,657 | +€55,054 | +6.0% |
| Tangible fixed assets | 22/27 | €922,603 | €977,657 | +€55,054 | +6.0% |
| Land and buildings | 22 | €833,316 | €922,978 | +€89,662 | +10.8% |
| Plant, machinery and equipment | 23 | €52,714 | €38,091 | -€14,623 | -27.7% |
| Furniture and vehicles | 24 | €9,106 | €16,587 | +€7,481 | +82.1% |
| Leasing and similar rights | 25 | €12,321 | €0 | -€12,321 | -100% |
| Other tangible fixed assets | 26 | €15,144 | €0 | -€15,144 | -100% |
| Current assets | 29/58 | €84,109 | €93,045 | +€8,936 | +10.6% |
| Stocks and contracts in progress | 3 | €12,975 | €13,308 | +€333 | +2.6% |
| Stocks | 30/36 | €12,975 | €13,308 | +€333 | +2.6% |
| Amounts receivable within one year | 40/41 | €14,405 | €2,881 | -€11,524 | -80.0% |
| Trade receivables | 40 | €14,320 | €1,811 | -€12,509 | -87.4% |
| Other amounts receivable | 41 | €85 | €1,070 | +€985 | +1,156% |
| Cash at bank and in hand | 54/58 | €45,441 | €61,739 | +€16,299 | +35.9% |
| Deferred charges and accrued income | 490/1 | €11,288 | €15,116 | +€3,828 | +33.9% |
| Total equity and liabilities | 10/49 | €1,006,712 | €1,070,701 | +€63,990 | +6.4% |
| Equity | 10/15 | €174,978 | €201,179 | +€26,200 | +15.0% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €124,978 | €151,179 | +€26,200 | +21.0% |
| Distributable reserves | 133 | €124,978 | €151,179 | +€26,200 | +21.0% |
| Amounts payable | 17/49 | €831,733 | €869,523 | +€37,789 | +4.5% |
| Amounts payable after more than one year | 17 | €678,752 | €664,858 | -€13,894 | -2.0% |
| Financial debts | 170/4 | €596,516 | €530,747 | -€65,769 | -11.0% |
| Other amounts payable | 178/9 | €82,236 | €134,111 | +€51,875 | +63.1% |
| Amounts payable within one year | 42/48 | €152,981 | €202,999 | +€50,018 | +32.7% |
| Current portion of amounts payable after more than one year | 42 | €71,794 | €64,181 | -€7,613 | -10.6% |
| Financial debts | 43 | €571 | €475 | -€96 | -16.8% |
| Credit institutions | 430/8 | €571 | €475 | -€96 | -16.8% |
| Trade debts | 44 | €37,230 | €68,464 | +€31,234 | +83.9% |
| Suppliers | 440/4 | €37,230 | €68,464 | +€31,234 | +83.9% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €43,387 | €69,879 | +€26,492 | +61.1% |
| Taxes | 450/3 | €21,598 | €37,750 | +€16,153 | +74.8% |
| Remuneration and social security | 454/9 | €21,789 | €32,129 | +€10,340 | +47.5% |
| Accrued charges and deferred income | 492/3 | - | €1,665 | +€1,665 | |
| Remuneration, social security and pensions | 62 | €268,981 | €288,596 | +€19,615 | +7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,679 | €90,112 | +€16,433 | +22.3% |
| Other operating charges | 640/8 | €3,297 | €4,969 | +€1,672 | +50.7% |
| Gross operating margin | 9900 | €412,001 | €448,415 | +€36,414 | +8.8% |
| Operating profit (loss) | 9901 | €66,045 | €64,739 | -€1,306 | -2.0% |
| Financial income | 75/76B | €1,062 | €250 | -€811 | -76.4% |
| Recurring financial income | 75 | €1,062 | €250 | -€811 | -76.4% |
| Financial charges | 65/66B | €22,313 | €24,239 | +€1,926 | +8.6% |
| Recurring financial charges | 65 | €22,313 | €24,239 | +€1,926 | +8.6% |
| Profit (loss) for the period before taxes | 9903 | €44,793 | €40,750 | -€4,043 | -9.0% |
| Income taxes | 67/77 | €12,338 | €14,549 | +€2,211 | +17.9% |
| Profit (loss) for the period | 9904 | €32,455 | €26,200 | -€6,254 | -19.3% |
| Profit (loss) for the period to be appropriated | 9905 | €32,455 | €26,200 | -€6,254 | -19.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.