DELUSINNE: 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.
DELUSINNE
Largest movements
- Tangible fixed assets -€22,866
down €22,866 (-13.1%), from €175,033 to €152,167
of which Plant, machinery and equipment: -€12,214
- Receivables within one year -€5,149
down €5,149 (-26.9%), from €19,127 to €13,978
- Cash -€3,036
down €3,036 (-74.9%), from €4,052 to €1,016
mainly Other debts (-€17,391) and Debts after one year (-€13,355)
- Other debts -€17,391
down €17,391 (-11.0%), from €157,842 to €140,451
- Debts after one year -€13,355
down €13,355 (-17.0%), from €78,615 to €65,260
of which Financial debts: -€13,355
- Profit (loss) carried forward -€4,580
down €4,580 (-4.0%), from -€114,955 to -€119,535
- Tax, wage and social debts +€3,297
up €3,297 (+63.9%), from €5,157 to €8,454
- Turnover -€32,960
down €32,960 (-23.9%), from €137,990 to €105,030
- Purchases and services -€20,059
down €20,059 (-19.3%), from €103,773 to €83,714
- Gross operating margin -€12,449
down €12,449 (-35.9%), from €34,638 to €22,189
- Financial income -€1,779
down €1,779 (-73.9%), from €2,408 to €629
- Other operating charges +€1,776
up €1,776 (+208%), from €852 to €2,628
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 | €204,779 | €174,602 | -€30,177 | -14.7% |
| Fixed assets | 21/28 | €175,083 | €152,217 | -€22,866 | -13.1% |
| Tangible fixed assets | 22/27 | €175,033 | €152,167 | -€22,866 | -13.1% |
| Plant, machinery and equipment | 23 | €150,362 | €138,148 | -€12,214 | -8.1% |
| Furniture and vehicles | 24 | €24,671 | €14,019 | -€10,652 | -43.2% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €29,696 | €22,385 | -€7,311 | -24.6% |
| Stocks and contracts in progress | 3 | €6,517 | €7,391 | +€874 | +13.4% |
| Stocks | 30/36 | €6,517 | €7,391 | +€874 | +13.4% |
| Amounts receivable within one year | 40/41 | €19,127 | €13,978 | -€5,149 | -26.9% |
| Trade receivables | 40 | €19,127 | €13,978 | -€5,149 | -26.9% |
| Cash at bank and in hand | 54/58 | €4,052 | €1,016 | -€3,036 | -74.9% |
| Total equity and liabilities | 10/49 | €204,779 | €174,602 | -€30,177 | -14.7% |
| Equity | 10/15 | -€42,792 | -€47,372 | -€4,580 | -10.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €19,620 | €19,620 | = | 0.0% |
| Tax-exempt reserves | 132 | €17,750 | €17,750 | = | 0.0% |
| Distributable reserves | 133 | €1,870 | €1,870 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€114,955 | -€119,535 | -€4,580 | -4.0% |
| Investment grants | 15 | €33,943 | €33,943 | = | 0.0% |
| Amounts payable | 17/49 | €247,571 | €221,974 | -€25,597 | -10.3% |
| Amounts payable after more than one year | 17 | €78,615 | €65,260 | -€13,355 | -17.0% |
| Financial debts | 170/4 | €18,615 | €5,260 | -€13,355 | -71.7% |
| Other amounts payable | 178/9 | €60,000 | €60,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €168,956 | €156,713 | -€12,243 | -7.2% |
| Trade debts | 44 | €5,957 | €7,808 | +€1,851 | +31.1% |
| Suppliers | 440/4 | €5,957 | €7,808 | +€1,851 | +31.1% |
| Taxes, remuneration and social security | 45 | €5,157 | €8,454 | +€3,297 | +63.9% |
| Taxes | 450/3 | €5,157 | €8,454 | +€3,297 | +63.9% |
| Other amounts payable | 47/48 | €157,842 | €140,451 | -€17,391 | -11.0% |
| Accrued charges and deferred income | 492/3 | - | €1 | +€1 | |
| Turnover | 70 | €137,990 | €105,030 | -€32,960 | -23.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €103,773 | €83,714 | -€20,059 | -19.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,877 | €24,503 | +€1,626 | +7.1% |
| Other operating charges | 640/8 | €852 | €2,628 | +€1,776 | +208% |
| Gross operating margin | 9900 | €34,638 | €22,189 | -€12,449 | -35.9% |
| Operating profit (loss) | 9901 | €10,909 | -€4,942 | -€15,851 | |
| Financial income | 75/76B | €2,408 | €629 | -€1,779 | -73.9% |
| Recurring financial income | 75 | €2,408 | €629 | -€1,779 | -73.9% |
| Financial charges | 65/66B | €538 | €267 | -€271 | -50.4% |
| Recurring financial charges | 65 | €538 | €267 | -€271 | -50.4% |
| Profit (loss) for the period before taxes | 9903 | €12,779 | -€4,580 | -€17,359 | |
| Profit (loss) for the period | 9904 | €12,779 | -€4,580 | -€17,359 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,779 | -€4,580 | -€17,359 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.