DELANOTE LUC: 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.
DELANOTE LUC
Largest movements
- Cash +€96,311
up €96,311 (+19.7%), from €487,943 to €584,254
mainly Net result for the year (+€98,670) and Stocks and contracts (+€61,944)
- Stocks and contracts -€61,944
down €61,944 (-26.4%), from €234,802 to €172,858
- Receivables within one year +€30,837
up €30,837 (+8.3%), from €372,565 to €403,402
of which Trade receivables: +€30,837
- Tangible fixed assets +€11,855
up €11,855 (+385%), from €3,081 to €14,935
of which Furniture and vehicles: +€13,855
- Reserves +€98,670
up €98,670 (+13.8%), from €714,535 to €813,205
- Financial charges -€17,292
down €17,292 (-80.3%), from €21,522 to €4,230
- Gross operating margin -€5,940
down €5,940 (-3.6%), from €162,763 to €156,823
- Taxes +€2,262
up €2,262 (+5.0%), from €45,313 to €47,575
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 | €1,104,208 | €1,181,078 | +€76,870 | +7.0% |
| Fixed assets | 21/28 | €3,081 | €14,935 | +€11,855 | +385% |
| Tangible fixed assets | 22/27 | €3,081 | €14,935 | +€11,855 | +385% |
| Plant, machinery and equipment | 23 | €2,904 | €904 | -€2,000 | -68.9% |
| Furniture and vehicles | 24 | €177 | €14,031 | +€13,855 | +7,842% |
| Current assets | 29/58 | €1,101,127 | €1,166,143 | +€65,016 | +5.9% |
| Stocks and contracts in progress | 3 | €234,802 | €172,858 | -€61,944 | -26.4% |
| Stocks | 30/36 | €234,802 | €172,858 | -€61,944 | -26.4% |
| Amounts receivable within one year | 40/41 | €372,565 | €403,402 | +€30,837 | +8.3% |
| Trade receivables | 40 | €372,430 | €403,267 | +€30,837 | +8.3% |
| Other amounts receivable | 41 | €135 | €135 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €487,943 | €584,254 | +€96,311 | +19.7% |
| Deferred charges and accrued income | 490/1 | €5,817 | €5,628 | -€189 | -3.2% |
| Total equity and liabilities | 10/49 | €1,104,208 | €1,181,078 | +€76,870 | +7.0% |
| Equity | 10/15 | €1,009,535 | €1,108,205 | +€98,670 | +9.8% |
| Contributions | 10/11 | €295,000 | €295,000 | = | 0.0% |
| Reserves | 13 | €714,535 | €813,205 | +€98,670 | +13.8% |
| Distributable reserves | 133 | €714,535 | €813,205 | +€98,670 | +13.8% |
| Amounts payable | 17/49 | €94,673 | €72,873 | -€21,800 | -23.0% |
| Amounts payable within one year | 42/48 | €94,673 | €72,873 | -€21,800 | -23.0% |
| Current portion of amounts payable after more than one year | 42 | €4,057 | €4,037 | -€20 | -0.5% |
| Trade debts | 44 | €11,899 | €106 | -€11,793 | -99.1% |
| Suppliers | 440/4 | €11,899 | €106 | -€11,793 | -99.1% |
| Taxes, remuneration and social security | 45 | €36,981 | €26,245 | -€10,736 | -29.0% |
| Taxes | 450/3 | €36,981 | €26,245 | -€10,736 | -29.0% |
| Other amounts payable | 47/48 | €41,736 | €42,485 | +€749 | +1.8% |
| Non-recurring operating income | 76A | €0 | €8,627 | +€8,627 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,530 | €2,645 | +€115 | +4.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | €764 | +€764 | |
| Other operating charges | 640/8 | €2,428 | €2,947 | +€520 | +21.4% |
| Gross operating margin | 9900 | €162,763 | €156,823 | -€5,940 | -3.6% |
| Operating profit (loss) | 9901 | €157,805 | €150,466 | -€7,339 | -4.7% |
| Financial income | 75/76B | €105 | €9 | -€96 | -91.3% |
| Recurring financial income | 75 | €105 | €9 | -€96 | -91.3% |
| Financial charges | 65/66B | €21,522 | €4,230 | -€17,292 | -80.3% |
| Recurring financial charges | 65 | €21,522 | €4,230 | -€17,292 | -80.3% |
| Profit (loss) for the period before taxes | 9903 | €136,388 | €146,245 | +€9,857 | +7.2% |
| Income taxes | 67/77 | €45,313 | €47,575 | +€2,262 | +5.0% |
| Profit (loss) for the period | 9904 | €91,075 | €98,670 | +€7,595 | +8.3% |
| Profit (loss) for the period to be appropriated | 9905 | €91,075 | €98,670 | +€7,595 | +8.3% |
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 31 October 2026 via checked.be.