DeLuX: 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.
DeLuX
Largest movements
- Receivables within one year +€69,813
up €69,813 (+57.1%), from €122,231 to €192,044
of which Trade receivables: +€35,277
- Tangible fixed assets +€66,827
up €66,827 (+5587.5%), from €1,196 to €68,023
of which Furniture and vehicles: +€66,205
- Cash -€11,187
down €11,187 (-83.4%), from €13,416 to €2,229
mainly Receivables within one year (-€69,813) and Investment in fixed assets (net) (-€69,119)
- Profit (loss) carried forward +€74,655
up €74,655 (+110.0%), from €67,840 to €142,495
- Debts after one year +€51,630
new in 2025: €51,630
- Other debts -€30,000
no longer reported in 2025 (was €30,000)
- Current portion of long-term debt +€14,772
new in 2025: €14,772
- Tax, wage and social debts +€14,492
up €14,492 (+46.2%), from €31,364 to €45,856
of which Taxes: +€14,397
- Turnover -€262,010
down €262,010 (-55.5%), from €471,739 to €209,729
- Purchases and services -€242,794
down €242,794 (-67.4%), from €360,308 to €117,514
- Gross operating margin -€13,716
down €13,716 (-11.8%), from €116,426 to €102,710
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 | €136,843 | €262,295 | +€125,452 | +91.7% |
| Fixed assets | 21/28 | €1,196 | €68,023 | +€66,827 | +5587.5% |
| Tangible fixed assets | 22/27 | €1,196 | €68,023 | +€66,827 | +5587.5% |
| Plant, machinery and equipment | 23 | €1,196 | €1,818 | +€622 | +52.0% |
| Furniture and vehicles | 24 | - | €66,205 | +€66,205 | |
| Current assets | 29/58 | €135,647 | €194,273 | +€58,626 | +43.2% |
| Amounts receivable within one year | 40/41 | €122,231 | €192,044 | +€69,813 | +57.1% |
| Trade receivables | 40 | €4,551 | €39,829 | +€35,277 | +775.1% |
| Other amounts receivable | 41 | €117,679 | €152,215 | +€34,535 | +29.3% |
| Cash at bank and in hand | 54/58 | €13,416 | €2,229 | -€11,187 | -83.4% |
| Total equity and liabilities | 10/49 | €136,843 | €262,295 | +€125,452 | +91.7% |
| Equity | 10/15 | €69,840 | €144,495 | +€74,655 | +106.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €67,840 | €142,495 | +€74,655 | +110.0% |
| Amounts payable | 17/49 | €67,003 | €117,800 | +€50,797 | +75.8% |
| Amounts payable after more than one year | 17 | - | €51,630 | +€51,630 | |
| Financial debts | 170/4 | - | €51,630 | +€51,630 | |
| Amounts payable within one year | 42/48 | €67,003 | €66,170 | -€832 | -1.2% |
| Current portion of amounts payable after more than one year | 42 | - | €14,772 | +€14,772 | |
| Trade debts | 44 | €5,638 | €5,543 | -€96 | -1.7% |
| Suppliers | 440/4 | €739 | €409 | -€330 | -44.7% |
| Bills of exchange payable | 441 | €4,899 | €5,133 | +€235 | +4.8% |
| Taxes, remuneration and social security | 45 | €31,364 | €45,856 | +€14,492 | +46.2% |
| Taxes | 450/3 | €17,246 | €31,643 | +€14,397 | +83.5% |
| Remuneration and social security | 454/9 | €14,118 | €14,213 | +€95 | +0.7% |
| Other amounts payable | 47/48 | €30,000 | - | -€30,000 | |
| Turnover | 70 | €471,739 | €209,729 | -€262,010 | -55.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €360,308 | €117,514 | -€242,794 | -67.4% |
| Remuneration, social security and pensions | 62 | €233 | €120 | -€113 | -48.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41 | €2,292 | +€2,251 | +5458.9% |
| Other operating charges | 640/8 | €483 | €1,805 | +€1,321 | +273.4% |
| Gross operating margin | 9900 | €116,426 | €102,710 | -€13,716 | -11.8% |
| Operating profit (loss) | 9901 | €115,669 | €98,493 | -€17,176 | -14.8% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €582 | €4,441 | +€3,859 | +662.6% |
| Recurring financial charges | 65 | €582 | €4,441 | +€3,859 | +662.6% |
| Profit (loss) for the period before taxes | 9903 | €115,087 | €94,052 | -€21,035 | -18.3% |
| Income taxes | 67/77 | €17,246 | €19,397 | +€2,150 | +12.5% |
| Profit (loss) for the period | 9904 | €97,840 | €74,655 | -€23,185 | -23.7% |
| Profit (loss) for the period to be appropriated | 9905 | €97,840 | €74,655 | -€23,185 | -23.7% |
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 10 October 2026 via checked.be.