DE WOLF - DE LUYCK: 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 WOLF - DE LUYCK
Largest movements
- Stocks and contracts +€66,830
up €66,830 (+7.1%), from €946,343 to €1.0m
- Cash +€24,177
up €24,177 (+1,970%), from €1,227 to €25,404
mainly Other debts (+€70,954) and Receivables within one year (+€22,526)
- Receivables within one year -€22,526
down €22,526 (-90.5%), from €24,896 to €2,370
- Other debts +€70,954
up €70,954 (+7.3%), from €974,106 to €1.0m
- Profit (loss) carried forward -€14,105
down €14,105 (-64.9%), from -€21,735 to -€35,840
- Trade debts +€11,481
up €11,481 (+1,725%), from €666 to €12,146
- Gross operating margin -€8,959
down €8,959 (-242%), from -€3,702 to -€12,661
- Other operating charges +€206
up €206 (+22.0%), from €936 to €1,143
- Financial charges -€147
down €147 (-49.5%), from €297 to €150
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 | €973,036 | €1,041,366 | +€68,330 | +7.0% |
| Fixed assets | 21/28 | €570 | €420 | -€151 | -26.4% |
| Tangible fixed assets | 22/27 | €570 | €420 | -€151 | -26.4% |
| Plant, machinery and equipment | 23 | €570 | €420 | -€151 | -26.4% |
| Current assets | 29/58 | €972,466 | €1,040,947 | +€68,481 | +7.0% |
| Stocks and contracts in progress | 3 | €946,343 | €1,013,173 | +€66,830 | +7.1% |
| Contracts in progress | 37 | €946,343 | €1,013,173 | +€66,830 | +7.1% |
| Amounts receivable within one year | 40/41 | €24,896 | €2,370 | -€22,526 | -90.5% |
| Other amounts receivable | 41 | €24,896 | €2,370 | -€22,526 | -90.5% |
| Cash at bank and in hand | 54/58 | €1,227 | €25,404 | +€24,177 | +1,970% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €973,036 | €1,041,366 | +€68,330 | +7.0% |
| Equity | 10/15 | -€1,735 | -€15,840 | -€14,105 | -813% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,735 | -€35,840 | -€14,105 | -64.9% |
| Amounts payable | 17/49 | €974,771 | €1,057,206 | +€82,435 | +8.5% |
| Amounts payable within one year | 42/48 | €974,771 | €1,057,206 | +€82,435 | +8.5% |
| Trade debts | 44 | €666 | €12,146 | +€11,481 | +1,725% |
| Suppliers | 440/4 | €666 | €12,146 | +€11,481 | +1,725% |
| Other amounts payable | 47/48 | €974,106 | €1,045,060 | +€70,954 | +7.3% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €151 | €151 | = | 0.0% |
| Other operating charges | 640/8 | €936 | €1,143 | +€206 | +22.0% |
| Gross operating margin | 9900 | -€3,702 | -€12,661 | -€8,959 | -242% |
| Operating profit (loss) | 9901 | -€4,789 | -€13,955 | -€9,166 | -191% |
| Financial income | 75/76B | €20 | €0 | -€20 | -100% |
| Recurring financial income | 75 | €20 | €0 | -€20 | -100% |
| Financial charges | 65/66B | €297 | €150 | -€147 | -49.5% |
| Recurring financial charges | 65 | €297 | €150 | -€147 | -49.5% |
| Profit (loss) for the period before taxes | 9903 | -€5,066 | -€14,105 | -€9,039 | -178% |
| Profit (loss) for the period | 9904 | -€5,066 | -€14,105 | -€9,039 | -178% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,066 | -€14,105 | -€9,039 | -178% |
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.