DEULIN: 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.
DEULIN
Largest movements
- Stocks and contracts -€19,194
down €19,194 (-10.3%), from €186,316 to €167,122
- Receivables within one year +€16,686
up €16,686 (+101.0%), from €16,520 to €33,207
of which Trade receivables: +€9,800
- Cash -€7,854
down €7,854 (-15.6%), from €50,445 to €42,591
mainly Tax, wage and social debts (-€20,832) and Receivables within one year (-€16,686)
- Tangible fixed assets +€3,849
up €3,849 (+8.2%), from €46,861 to €50,710
of which Other tangible fixed assets: +€11,593
- Tax, wage and social debts -€20,832
down €20,832 (-47.4%), from €43,937 to €23,105
of which Taxes: -€16,508
- Profit (loss) carried forward +€18,790
up €18,790 (+12.0%), from €156,335 to €175,125
- Gross operating margin -€7,413
down €7,413 (-8.1%), from €92,013 to €84,600
- Depreciation -€5,384
down €5,384 (-37.5%), from €14,373 to €8,989
- Financial charges -€2,674
down €2,674 (-68.8%), from €3,884 to €1,210
- Taxes -€1,906
down €1,906 (-16.9%), from €11,253 to €9,347
- Staff costs +€943
up €943 (+3.2%), from €29,478 to €30,421
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 | €300,142 | €294,472 | -€5,670 | -1.9% |
| Fixed assets | 21/28 | €46,861 | €50,710 | +€3,849 | +8.2% |
| Tangible fixed assets | 22/27 | €46,861 | €50,710 | +€3,849 | +8.2% |
| Plant, machinery and equipment | 23 | €184 | €1,007 | +€823 | +447.8% |
| Furniture and vehicles | 24 | €9,498 | €930 | -€8,567 | -90.2% |
| Other tangible fixed assets | 26 | €37,180 | €48,773 | +€11,593 | +31.2% |
| Current assets | 29/58 | €253,281 | €243,763 | -€9,518 | -3.8% |
| Stocks and contracts in progress | 3 | €186,316 | €167,122 | -€19,194 | -10.3% |
| Stocks | 30/36 | €186,316 | €167,122 | -€19,194 | -10.3% |
| Amounts receivable within one year | 40/41 | €16,520 | €33,207 | +€16,686 | +101.0% |
| Trade receivables | 40 | €16,520 | €26,320 | +€9,800 | +59.3% |
| Other amounts receivable | 41 | - | €6,887 | +€6,887 | |
| Cash at bank and in hand | 54/58 | €50,445 | €42,591 | -€7,854 | -15.6% |
| Deferred charges and accrued income | 490/1 | - | €843 | +€843 | |
| Total equity and liabilities | 10/49 | €300,142 | €294,472 | -€5,670 | -1.9% |
| Equity | 10/15 | €224,506 | €243,296 | +€18,790 | +8.4% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €6,197 | €6,197 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Profit (loss) carried forward | 14 | €156,335 | €175,125 | +€18,790 | +12.0% |
| Amounts payable | 17/49 | €75,636 | €51,177 | -€24,460 | -32.3% |
| Amounts payable after more than one year | 17 | €3,763 | €2,915 | -€848 | -22.5% |
| Financial debts | 170/4 | €3,763 | €2,915 | -€848 | -22.5% |
| Amounts payable within one year | 42/48 | €71,873 | €48,261 | -€23,612 | -32.9% |
| Current portion of amounts payable after more than one year | 42 | €10,061 | €12,109 | +€2,048 | +20.4% |
| Trade debts | 44 | €11,373 | €8,497 | -€2,876 | -25.3% |
| Suppliers | 440/4 | €11,373 | €8,497 | -€2,876 | -25.3% |
| Taxes, remuneration and social security | 45 | €43,937 | €23,105 | -€20,832 | -47.4% |
| Taxes | 450/3 | €35,187 | €18,679 | -€16,508 | -46.9% |
| Remuneration and social security | 454/9 | €8,750 | €4,427 | -€4,323 | -49.4% |
| Other amounts payable | 47/48 | €6,503 | €4,550 | -€1,953 | -30.0% |
| Non-recurring operating income | 76A | €2,400 | - | -€2,400 | |
| Remuneration, social security and pensions | 62 | €29,478 | €30,421 | +€943 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,373 | €8,989 | -€5,384 | -37.5% |
| Other operating charges | 640/8 | €2,090 | €1,324 | -€766 | -36.6% |
| Non-recurring operating charges | 66A | €2,400 | €8,027 | +€5,627 | +234.5% |
| Gross operating margin | 9900 | €92,013 | €84,600 | -€7,413 | -8.1% |
| Operating profit (loss) | 9901 | €43,671 | €35,838 | -€7,833 | -17.9% |
| Financial income | 75/76B | €320 | €9 | -€310 | -97.1% |
| Recurring financial income | 75 | €320 | €9 | -€310 | -97.1% |
| Financial charges | 65/66B | €3,884 | €1,210 | -€2,674 | -68.8% |
| Recurring financial charges | 65 | €3,884 | €1,210 | -€2,674 | -68.8% |
| Profit (loss) for the period before taxes | 9903 | €40,107 | €34,637 | -€5,470 | -13.6% |
| Income taxes | 67/77 | €11,253 | €9,347 | -€1,906 | -16.9% |
| Profit (loss) for the period | 9904 | €28,854 | €25,290 | -€3,564 | -12.4% |
| Profit (loss) for the period to be appropriated | 9905 | €28,854 | €25,290 | -€3,564 | -12.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.