Deluxe Concepts: 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.
Deluxe Concepts
Largest movements
- Stocks and contracts +€54,088
up €54,088 (+48.2%), from €112,274 to €166,362
- Cash +€41,517
up €41,517 (+93.1%), from €44,596 to €86,113
mainly Net result for the year (+€192,709) and Other debts (+€42,796)
- Receivables within one year -€17,235
down €17,235 (-28.4%), from €60,730 to €43,495
of which Other amounts receivable: -€24,526
- Tangible fixed assets -€9,021
down €9,021 (-10.4%), from €86,694 to €77,673
of which Other tangible fixed assets: -€12,104
- Financial fixed assets +€7,778
up €7,778 (+113%), from €6,900 to €14,678
- Other debts +€42,796
new in 2025: €42,796
- Trade debts +€28,112
up €28,112 (+59.4%), from €47,360 to €75,472
- Reserves +€27,159
up €27,159 (+21.7%), from €125,136 to €152,294
of which Distributable reserves: +€27,159
- Short-term financial debts -€15,000
down €15,000 (-100%), from €15,000 to €0
- Debts after one year -€6,907
down €6,907 (-20.1%), from €34,305 to €27,397
- Gross operating margin +€172,352
up €172,352 (+76.3%), from €225,890 to €398,242
- Taxes +€35,811
up €35,811 (+124%), from €28,804 to €64,614
- Staff costs +€31,296
up €31,296 (+37.9%), from €82,555 to €113,850
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 | €313,131 | €389,567 | +€76,435 | +24.4% |
| Fixed assets | 21/28 | €94,309 | €92,351 | -€1,959 | -2.1% |
| Intangible fixed assets | 21 | €716 | €0 | -€716 | -100% |
| Tangible fixed assets | 22/27 | €86,694 | €77,673 | -€9,021 | -10.4% |
| Plant, machinery and equipment | 23 | €2,805 | €5,153 | +€2,348 | +83.7% |
| Furniture and vehicles | 24 | €3,296 | €4,031 | +€735 | +22.3% |
| Other tangible fixed assets | 26 | €80,592 | €68,489 | -€12,104 | -15.0% |
| Financial fixed assets | 28 | €6,900 | €14,678 | +€7,778 | +113% |
| Current assets | 29/58 | €218,822 | €297,216 | +€78,394 | +35.8% |
| Stocks and contracts in progress | 3 | €112,274 | €166,362 | +€54,088 | +48.2% |
| Stocks | 30/36 | €112,274 | €166,362 | +€54,088 | +48.2% |
| Amounts receivable within one year | 40/41 | €60,730 | €43,495 | -€17,235 | -28.4% |
| Trade receivables | 40 | €35,819 | €43,110 | +€7,291 | +20.4% |
| Other amounts receivable | 41 | €24,911 | €386 | -€24,526 | -98.5% |
| Cash at bank and in hand | 54/58 | €44,596 | €86,113 | +€41,517 | +93.1% |
| Deferred charges and accrued income | 490/1 | €1,222 | €1,246 | +€24 | +2.0% |
| Total equity and liabilities | 10/49 | €313,131 | €389,567 | +€76,435 | +24.4% |
| Equity | 10/15 | €145,136 | €172,294 | +€27,159 | +18.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €125,136 | €152,294 | +€27,159 | +21.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €125,136 | €152,294 | +€27,159 | +21.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €167,996 | €217,272 | +€49,276 | +29.3% |
| Amounts payable after more than one year | 17 | €34,305 | €27,397 | -€6,907 | -20.1% |
| Financial debts | 170/4 | €34,305 | €27,397 | -€6,907 | -20.1% |
| Amounts payable within one year | 42/48 | €133,691 | €189,875 | +€56,184 | +42.0% |
| Current portion of amounts payable after more than one year | 42 | €11,358 | €6,907 | -€4,450 | -39.2% |
| Financial debts | 43 | €15,000 | €0 | -€15,000 | -100% |
| Credit institutions | 430/8 | €15,000 | €0 | -€15,000 | -100% |
| Trade debts | 44 | €47,360 | €75,472 | +€28,112 | +59.4% |
| Suppliers | 440/4 | €47,360 | €75,472 | +€28,112 | +59.4% |
| Taxes, remuneration and social security | 45 | €59,973 | €64,700 | +€4,726 | +7.9% |
| Taxes | 450/3 | €40,007 | €48,797 | +€8,790 | +22.0% |
| Remuneration and social security | 454/9 | €19,967 | €15,903 | -€4,064 | -20.4% |
| Other amounts payable | 47/48 | - | €42,796 | +€42,796 | |
| Remuneration, social security and pensions | 62 | €82,555 | €113,850 | +€31,296 | +37.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,878 | €15,185 | +€1,307 | +9.4% |
| Other operating charges | 640/8 | €1,019 | €866 | -€153 | -15.0% |
| Non-recurring operating charges | 66A | €3,962 | €0 | -€3,962 | -100% |
| Gross operating margin | 9900 | €225,890 | €398,242 | +€172,352 | +76.3% |
| Operating profit (loss) | 9901 | €124,476 | €268,340 | +€143,864 | +116% |
| Financial income | 75/76B | €3,342 | €777 | -€2,565 | -76.8% |
| Recurring financial income | 75 | €3,342 | €777 | -€2,565 | -76.8% |
| Financial charges | 65/66B | €7,843 | €11,794 | +€3,952 | +50.4% |
| Recurring financial charges | 65 | €7,843 | €11,794 | +€3,952 | +50.4% |
| Profit (loss) for the period before taxes | 9903 | €119,975 | €257,323 | +€137,348 | +114% |
| Income taxes | 67/77 | €28,804 | €64,614 | +€35,811 | +124% |
| Profit (loss) for the period | 9904 | €91,172 | €192,709 | +€101,537 | +111% |
| Profit (loss) for the period to be appropriated | 9905 | €91,172 | €192,709 | +€101,537 | +111% |
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 29 October 2026 via checked.be.