DELTA LUMINANCE: 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.
DELTA LUMINANCE
Largest movements
- Cash +€2.3m
up €2.3m (+1583.8%), from €146,131 to €2.5m
mainly Current investments (+€2.1m) and Receivables within one year (+€182,523)
- Current investments -€2.1m
down €2.1m (-57.4%), from €3.7m to €1.6m
- Receivables within one year -€182,523
down €182,523 (-22.0%), from €831,420 to €648,897
of which Trade receivables: -€154,354
- Tangible fixed assets -€82,841
down €82,841 (-27.7%), from €298,539 to €215,697
of which Furniture and vehicles: -€64,100
- Other debts -€100,000
no longer reported in 2025 (was €100,000)
- Gross operating margin -€2.1m
down €2.1m (-80.7%), from €2.5m to €492,931
- Taxes -€527,021
down €527,021 (-89.7%), from €587,835 to €60,815
- Financial charges +€231,121
up €231,121 (+928.5%), from €24,891 to €256,011
of which Financial charges: +€240,714
- Financial income +€186,217
up €186,217 (+169.5%), from €109,831 to €296,048
- Staff costs -€64,082
down €64,082 (-18.4%), from €348,009 to €283,927
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.
Cash bridge derived
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 | €5,262,301 | €5,119,164 | -€143,137 | -2.7% |
| Fixed assets | 21/28 | €298,986 | €215,897 | -€83,088 | -27.8% |
| Intangible fixed assets | 21 | €247 | - | -€247 | |
| Tangible fixed assets | 22/27 | €298,539 | €215,697 | -€82,841 | -27.7% |
| Land and buildings | 22 | €3,404 | - | -€3,404 | |
| Plant, machinery and equipment | 23 | €58,567 | €43,230 | -€15,338 | -26.2% |
| Furniture and vehicles | 24 | €236,568 | €172,468 | -€64,100 | -27.1% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €4,963,316 | €4,903,267 | -€60,049 | -1.2% |
| Stocks and contracts in progress | 3 | €232,055 | €186,546 | -€45,509 | -19.6% |
| Stocks | 30/36 | €232,055 | €186,546 | -€45,509 | -19.6% |
| Amounts receivable within one year | 40/41 | €831,420 | €648,897 | -€182,523 | -22.0% |
| Trade receivables | 40 | €251,538 | €97,185 | -€154,354 | -61.4% |
| Other amounts receivable | 41 | €579,882 | €551,713 | -€28,169 | -4.9% |
| Current investments | 50/53 | €3,724,467 | €1,586,089 | -€2.1m | -57.4% |
| Cash at bank and in hand | 54/58 | €146,131 | €2,460,517 | +€2.3m | +1583.8% |
| Deferred charges and accrued income | 490/1 | €29,243 | €21,217 | -€8,026 | -27.4% |
| Total equity and liabilities | 10/49 | €5,262,301 | €5,119,164 | -€143,137 | -2.7% |
| Equity | 10/15 | €5,000,818 | €4,968,574 | -€32,245 | -0.6% |
| Contributions | 10/11 | €322,424 | €322,424 | = | 0.0% |
| Reserves | 13 | €4,678,394 | €4,646,149 | -€32,245 | -0.7% |
| Tax-exempt reserves | 132 | €18,625 | €18,625 | = | 0.0% |
| Distributable reserves | 133 | €4,659,768 | €4,627,524 | -€32,245 | -0.7% |
| Amounts payable | 17/49 | €261,483 | €150,591 | -€110,893 | -42.4% |
| Amounts payable within one year | 42/48 | €259,704 | €137,793 | -€121,911 | -46.9% |
| Trade debts | 44 | €128,122 | €112,514 | -€15,608 | -12.2% |
| Suppliers | 440/4 | €128,122 | €112,514 | -€15,608 | -12.2% |
| Taxes, remuneration and social security | 45 | €31,582 | €25,279 | -€6,303 | -20.0% |
| Taxes | 450/3 | €1,315 | €1,006 | -€309 | -23.5% |
| Remuneration and social security | 454/9 | €30,267 | €24,273 | -€5,994 | -19.8% |
| Other amounts payable | 47/48 | €100,000 | - | -€100,000 | |
| Accrued charges and deferred income | 492/3 | €1,779 | €12,798 | +€11,018 | +619.3% |
| Non-recurring operating income | 76A | €663 | €12,961 | +€12,298 | +1854.8% |
| Remuneration, social security and pensions | 62 | €348,009 | €283,927 | -€64,082 | -18.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,984 | €84,064 | +€13,080 | +18.4% |
| Other operating charges | 640/8 | €15,078 | €35,664 | +€20,586 | +136.5% |
| Non-recurring operating charges | 66A | €14,943 | €742 | -€14,201 | -95.0% |
| Gross operating margin | 9900 | €2,548,626 | €492,931 | -€2.1m | -80.7% |
| Operating profit (loss) | 9901 | €2,099,612 | €88,534 | -€2.0m | -95.8% |
| Financial income | 75/76B | €109,831 | €296,048 | +€186,217 | +169.5% |
| Recurring financial income | 75 | €109,831 | €296,048 | +€186,217 | +169.5% |
| Financial charges | 65/66B | €24,891 | €256,011 | +€231,121 | +928.5% |
| Recurring financial charges | 65 | €12,972 | €253,687 | +€240,714 | +1855.6% |
| Non-recurring financial charges | 66B | €11,918 | €2,325 | -€9,594 | -80.5% |
| Profit (loss) for the period before taxes | 9903 | €2,184,553 | €128,570 | -€2.1m | -94.1% |
| Income taxes | 67/77 | €587,835 | €60,815 | -€527,021 | -89.7% |
| Profit (loss) for the period | 9904 | €1,596,718 | €67,755 | -€1.5m | -95.8% |
| Profit (loss) for the period to be appropriated | 9905 | €1,596,718 | €67,755 | -€1.5m | -95.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.