DELY LUC: 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.
DELY LUC
Largest movements
- Cash +€120,129
up €120,129 (+150.0%), from €80,068 to €200,197
mainly Current investments (+€90,000) and Net result for the year (+€37,070)
- Current investments -€90,000
down €90,000 (-100.0%), from €90,000 to €0
- Tangible fixed assets -€3,471
down €3,471 (-11.9%), from €29,110 to €25,639
of which Other tangible fixed assets: -€2,908
- Deferred charges and accrued income -€2,439
down €2,439 (-68.2%), from €3,575 to €1,136
- Reserves +€27,304
up €27,304 (+22.9%), from €119,250 to €146,554
- Other debts -€2,728
down €2,728 (-5.2%), from €52,617 to €49,889
- Gross operating margin +€17,589
up €17,589 (+38.5%), from €45,733 to €63,322
- Taxes +€7,542
up €7,542 (+64.9%), from €11,613 to €19,156
- Financial income -€1,625
down €1,625 (-52.7%), from €3,084 to €1,459
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 | €204,420 | €227,084 | +€22,664 | +11.1% |
| Fixed assets | 21/28 | €29,110 | €25,639 | -€3,471 | -11.9% |
| Tangible fixed assets | 22/27 | €29,110 | €25,639 | -€3,471 | -11.9% |
| Plant, machinery and equipment | 23 | €300 | €0 | -€300 | -100.0% |
| Furniture and vehicles | 24 | €2,466 | €2,203 | -€263 | -10.7% |
| Other tangible fixed assets | 26 | €26,345 | €23,437 | -€2,908 | -11.0% |
| Current assets | 29/58 | €175,310 | €201,445 | +€26,135 | +14.9% |
| Amounts receivable within one year | 40/41 | €1,667 | €112 | -€1,555 | -93.3% |
| Trade receivables | 40 | €100 | €100 | = | 0.0% |
| Other amounts receivable | 41 | €1,567 | €12 | -€1,555 | -99.2% |
| Current investments | 50/53 | €90,000 | €0 | -€90,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €80,068 | €200,197 | +€120,129 | +150.0% |
| Deferred charges and accrued income | 490/1 | €3,575 | €1,136 | -€2,439 | -68.2% |
| Total equity and liabilities | 10/49 | €204,420 | €227,084 | +€22,664 | +11.1% |
| Equity | 10/15 | €139,484 | €166,554 | +€27,070 | +19.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €119,250 | €146,554 | +€27,304 | +22.9% |
| Distributable reserves | 133 | €119,250 | €146,554 | +€27,304 | +22.9% |
| Profit (loss) carried forward | 14 | €234 | €0 | -€234 | -100.0% |
| Amounts payable | 17/49 | €64,936 | €60,530 | -€4,406 | -6.8% |
| Amounts payable within one year | 42/48 | €60,274 | €56,894 | -€3,380 | -5.6% |
| Trade debts | 44 | €4,901 | €3,274 | -€1,627 | -33.2% |
| Suppliers | 440/4 | €4,901 | €3,274 | -€1,627 | -33.2% |
| Taxes, remuneration and social security | 45 | €2,755 | €3,730 | +€975 | +35.4% |
| Taxes | 450/3 | €2,755 | €3,730 | +€975 | +35.4% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €52,617 | €49,889 | -€2,728 | -5.2% |
| Accrued charges and deferred income | 492/3 | €4,663 | €3,637 | -€1,026 | -22.0% |
| Non-recurring operating income | 76A | €100 | €0 | -€100 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,740 | €4,300 | -€440 | -9.3% |
| Other operating charges | 640/8 | €641 | €593 | -€48 | -7.4% |
| Gross operating margin | 9900 | €45,733 | €63,322 | +€17,589 | +38.5% |
| Operating profit (loss) | 9901 | €40,352 | €58,429 | +€18,077 | +44.8% |
| Financial income | 75/76B | €3,084 | €1,459 | -€1,625 | -52.7% |
| Recurring financial income | 75 | €3,084 | €1,459 | -€1,625 | -52.7% |
| Financial charges | 65/66B | €4,231 | €3,662 | -€569 | -13.4% |
| Recurring financial charges | 65 | €4,231 | €3,662 | -€569 | -13.4% |
| Profit (loss) for the period before taxes | 9903 | €39,205 | €56,225 | +€17,020 | +43.4% |
| Income taxes | 67/77 | €11,613 | €19,156 | +€7,542 | +64.9% |
| Profit (loss) for the period | 9904 | €27,592 | €37,070 | +€9,478 | +34.4% |
| Profit (loss) for the period to be appropriated | 9905 | €27,592 | €37,070 | +€9,478 | +34.4% |
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 10 October 2026 via checked.be.