DEULHA: what changed
Two fiscal 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.
DEULHA
Largest movements
- Receivables within one year +€29,370
up €29,370 (+36.3%), from €80,900 to €110,270
of which Other amounts receivable: +€27,454
- Cash +€29,085
up €29,085 (+51.4%), from €56,574 to €85,659
mainly Contributions, distributions and other (+€44,741) and Net result for the year (+€35,325)
- Tangible fixed assets +€11,342
up €11,342 (+9.6%), from €118,209 to €129,551
of which Other tangible fixed assets: +€129,551
- Investment grants +€44,741
new in 2024: €44,741
- Profit (loss) carried forward +€23,257
no longer reported in 2024 (was -€23,257)
- Reserves +€12,067
new in 2024: €12,067
of which Distributable reserves: +€11,407
- Advances received -€8,333
no longer reported in 2024 (was €8,333)
- Tax, wage and social debts -€7,597
down €7,597 (-25.4%), from €29,900 to €22,302
of which Taxes: -€5,915
- Staff costs +€127,259
up €127,259 (+117.8%), from €108,040 to €235,299
- Gross operating margin +€106,215
up €106,215 (+57.4%), from €185,071 to €291,286
- Financial income +€5,747
up €5,747 (+1742.0%), from €330 to €6,077
- Write-downs +€4,624
new in 2024: €4,624
- Financial charges +€4,217
up €4,217 (+159.0%), from €2,653 to €6,870
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €273,783 | €343,369 | +€69,586 | +25.4% |
| Fixed assets | 21/28 | €119,709 | €131,101 | +€11,392 | +9.5% |
| Tangible fixed assets | 22/27 | €118,209 | €129,551 | +€11,342 | +9.6% |
| Plant, machinery and equipment | 23 | €118,209 | - | -€118,209 | |
| Other tangible fixed assets | 26 | - | €129,551 | +€129,551 | |
| Financial fixed assets | 28 | €1,500 | €1,550 | +€50 | +3.3% |
| Current assets | 29/58 | €154,074 | €212,268 | +€58,194 | +37.8% |
| Stocks and contracts in progress | 3 | €16,600 | €15,207 | -€1,393 | -8.4% |
| Stocks | 30/36 | €16,600 | €15,207 | -€1,393 | -8.4% |
| Amounts receivable within one year | 40/41 | €80,900 | €110,270 | +€29,370 | +36.3% |
| Trade receivables | 40 | €69,048 | €70,964 | +€1,916 | +2.8% |
| Other amounts receivable | 41 | €11,852 | €39,306 | +€27,454 | +231.6% |
| Cash at bank and in hand | 54/58 | €56,574 | €85,659 | +€29,085 | +51.4% |
| Deferred charges and accrued income | 490/1 | - | €1,132 | +€1,132 | |
| Total equity and liabilities | 10/49 | €273,783 | €343,369 | +€69,586 | +25.4% |
| Equity | 10/15 | €51,743 | €131,808 | +€80,066 | +154.7% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Capital | 10 | €75,000 | €75,000 | = | 0.0% |
| Issued capital | 100 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | - | €12,067 | +€12,067 | |
| Non-distributable reserves | 130/1 | - | €660 | +€660 | |
| Legal reserve | 130 | - | €660 | +€660 | |
| Distributable reserves | 133 | - | €11,407 | +€11,407 | |
| Profit (loss) carried forward | 14 | -€23,257 | - | +€23,257 | |
| Investment grants | 15 | - | €44,741 | +€44,741 | |
| Amounts payable | 17/49 | €222,040 | €211,561 | -€10,479 | -4.7% |
| Amounts payable within one year | 42/48 | €222,040 | €207,521 | -€14,519 | -6.5% |
| Trade debts | 44 | €152,259 | €149,228 | -€3,032 | -2.0% |
| Suppliers | 440/4 | €152,259 | €149,228 | -€3,032 | -2.0% |
| Advances received on contracts in progress | 46 | €8,333 | - | -€8,333 | |
| Taxes, remuneration and social security | 45 | €29,900 | €22,302 | -€7,597 | -25.4% |
| Taxes | 450/3 | €9,727 | €3,813 | -€5,915 | -60.8% |
| Remuneration and social security | 454/9 | €20,172 | €18,490 | -€1,683 | -8.3% |
| Other amounts payable | 47/48 | €31,548 | €35,991 | +€4,443 | +14.1% |
| Accrued charges and deferred income | 492/3 | - | €4,040 | +€4,040 | |
| Non-recurring operating income | 76A | - | €346 | +€346 | |
| Remuneration, social security and pensions | 62 | €108,040 | €235,299 | +€127,259 | +117.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,898 | €7,974 | +€3,075 | +62.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €4,624 | +€4,624 | |
| Other operating charges | 640/8 | €81 | €3,163 | +€3,082 | +3814.5% |
| Gross operating margin | 9900 | €185,071 | €291,286 | +€106,215 | +57.4% |
| Operating profit (loss) | 9901 | €72,052 | €40,227 | -€31,825 | -44.2% |
| Financial income | 75/76B | €330 | €6,077 | +€5,747 | +1742.0% |
| Recurring financial income | 75 | €330 | €6,077 | +€5,747 | +1742.0% |
| Financial charges | 65/66B | €2,653 | €6,870 | +€4,217 | +159.0% |
| Recurring financial charges | 65 | €2,653 | €6,870 | +€4,217 | +159.0% |
| Profit (loss) for the period before taxes | 9903 | €69,729 | €39,433 | -€30,296 | -43.4% |
| Income taxes | 67/77 | €50 | €4,109 | +€4,059 | +8117.1% |
| Profit (loss) for the period | 9904 | €69,679 | €35,325 | -€34,355 | -49.3% |
| Profit (loss) for the period to be appropriated | 9905 | €69,679 | €35,325 | -€34,355 | -49.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.