DELUCI: 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.
DELUCI
Largest movements
- Cash +€83,201
up €83,201 (+21.6%), from €385,788 to €468,989
mainly Net result for the year (+€232,085) and Depreciation (+€44,400)
- Tangible fixed assets -€37,040
down €37,040 (-15.6%), from €237,324 to €200,283
of which Land and buildings: -€28,872
- Stocks and contracts +€20,022
up €20,022 (+25.9%), from €77,329 to €97,351
- Receivables within one year -€18,758
down €18,758 (-3.8%), from €490,184 to €471,426
of which Trade receivables: -€68,095
- Profit (loss) carried forward +€34,813
up €34,813 (+4.1%), from €843,214 to €878,027
- Trade debts +€14,079
up €14,079 (+7.3%), from €192,572 to €206,651
- Gross operating margin -€108,809
down €108,809 (-17.1%), from €637,152 to €528,343
- Staff costs -€95,281
down €95,281 (-36.2%), from €263,133 to €167,852
- Financial income -€7,638
down €7,638 (-46.8%), from €16,332 to €8,694
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 | €1,223,350 | €1,264,218 | +€40,868 | +3.3% |
| Fixed assets | 21/28 | €237,386 | €200,345 | -€37,040 | -15.6% |
| Tangible fixed assets | 22/27 | €237,324 | €200,283 | -€37,040 | -15.6% |
| Land and buildings | 22 | €206,903 | €178,031 | -€28,872 | -14.0% |
| Plant, machinery and equipment | 23 | €7,272 | €9,322 | +€2,051 | +28.2% |
| Furniture and vehicles | 24 | €23,149 | €12,930 | -€10,220 | -44.1% |
| Financial fixed assets | 28 | €62 | €62 | = | 0.0% |
| Current assets | 29/58 | €985,964 | €1,063,873 | +€77,909 | +7.9% |
| Stocks and contracts in progress | 3 | €77,329 | €97,351 | +€20,022 | +25.9% |
| Stocks | 30/36 | €77,329 | €97,351 | +€20,022 | +25.9% |
| Amounts receivable within one year | 40/41 | €490,184 | €471,426 | -€18,758 | -3.8% |
| Trade receivables | 40 | €469,974 | €401,879 | -€68,095 | -14.5% |
| Other amounts receivable | 41 | €20,210 | €69,548 | +€49,338 | +244% |
| Cash at bank and in hand | 54/58 | €385,788 | €468,989 | +€83,201 | +21.6% |
| Deferred charges and accrued income | 490/1 | €32,663 | €26,107 | -€6,556 | -20.1% |
| Total equity and liabilities | 10/49 | €1,223,350 | €1,264,218 | +€40,868 | +3.3% |
| Equity | 10/15 | €939,335 | €971,420 | +€32,085 | +3.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €34,121 | €31,393 | -€2,728 | -8.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €27,921 | €25,193 | -€2,728 | -9.8% |
| Profit (loss) carried forward | 14 | €843,214 | €878,027 | +€34,813 | +4.1% |
| Provisions and deferred taxes | 16 | €9,307 | €8,398 | -€909 | -9.8% |
| Deferred taxes | 168 | €9,307 | €8,398 | -€909 | -9.8% |
| Amounts payable | 17/49 | €274,708 | €284,400 | +€9,692 | +3.5% |
| Amounts payable within one year | 42/48 | €274,708 | €284,400 | +€9,692 | +3.5% |
| Financial debts | 43 | €33,828 | €37,849 | +€4,021 | +11.9% |
| Credit institutions | 430/8 | €33,828 | €37,849 | +€4,021 | +11.9% |
| Trade debts | 44 | €192,572 | €206,651 | +€14,079 | +7.3% |
| Suppliers | 440/4 | €192,572 | €206,651 | +€14,079 | +7.3% |
| Taxes, remuneration and social security | 45 | €48,308 | €36,660 | -€11,648 | -24.1% |
| Taxes | 450/3 | €17,124 | €21,413 | +€4,289 | +25.0% |
| Remuneration and social security | 454/9 | €31,184 | €15,247 | -€15,937 | -51.1% |
| Other amounts payable | 47/48 | - | €3,240 | +€3,240 | |
| Non-recurring operating income | 76A | €27,806 | - | -€27,806 | |
| Remuneration, social security and pensions | 62 | €263,133 | €167,852 | -€95,281 | -36.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,900 | €44,400 | -€4,499 | -9.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €5,590 | - | -€5,590 | |
| Other operating charges | 640/8 | €5,091 | €5,274 | +€183 | +3.6% |
| Gross operating margin | 9900 | €637,152 | €528,343 | -€108,809 | -17.1% |
| Operating profit (loss) | 9901 | €314,438 | €310,816 | -€3,622 | -1.2% |
| Financial income | 75/76B | €16,332 | €8,694 | -€7,638 | -46.8% |
| Recurring financial income | 75 | €16,332 | €8,694 | -€7,638 | -46.8% |
| Financial charges | 65/66B | €5,417 | €5,016 | -€401 | -7.4% |
| Recurring financial charges | 65 | €5,417 | €5,016 | -€401 | -7.4% |
| Profit (loss) for the period before taxes | 9903 | €325,353 | €314,494 | -€10,859 | -3.3% |
| Transfer from deferred taxes | 780 | €909 | €909 | = | 0.0% |
| Income taxes | 67/77 | €85,946 | €83,318 | -€2,628 | -3.1% |
| Profit (loss) for the period | 9904 | €240,316 | €232,085 | -€8,231 | -3.4% |
| Transfer from tax-exempt reserves | 789 | €2,728 | €2,728 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €243,044 | €234,813 | -€8,231 | -3.4% |
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 17 October 2026 via checked.be.