DI LUCIO: 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.
DI LUCIO
Largest movements
- Receivables within one year -€185,982
down €185,982 (-94.2%), from €197,336 to €11,354
of which Trade receivables: -€179,400
- Cash -€39,697
down €39,697 (-43.5%), from €91,357 to €51,660
mainly Trade debts (-€178,913) and Net result for the year (-€40,792)
- Tangible fixed assets -€21,091
down €21,091 (-75.6%), from €27,910 to €6,819
- Trade debts -€178,913
down €178,913 (-98.8%), from €180,996 to €2,083
- Profit (loss) carried forward -€40,792
down €40,792 (-143%), from -€28,551 to -€69,343
- Debts after one year -€21,122
no longer reported in 2025 (was €21,122)
of which Financial debts: -€14,122
- Current portion of long-term debt -€4,600
no longer reported in 2025 (was €4,600)
- Gross operating margin -€85,939
down €85,939 (-77.8%), from €110,430 to €24,491
- Staff costs -€77,761
down €77,761 (-59.7%), from €130,284 to €52,523
- Other operating charges +€5,147
up €5,147 (+524%), from €982 to €6,128
- Depreciation -€1,430
down €1,430 (-26.0%), from €5,502 to €4,072
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 | €318,900 | €71,424 | -€247,476 | -77.6% |
| Fixed assets | 21/28 | €27,910 | €6,819 | -€21,091 | -75.6% |
| Tangible fixed assets | 22/27 | €27,910 | €6,819 | -€21,091 | -75.6% |
| Furniture and vehicles | 24 | €27,910 | €6,819 | -€21,091 | -75.6% |
| Current assets | 29/58 | €290,989 | €64,605 | -€226,384 | -77.8% |
| Stocks and contracts in progress | 3 | - | €303 | +€303 | |
| Stocks | 30/36 | - | €303 | +€303 | |
| Amounts receivable within one year | 40/41 | €197,336 | €11,354 | -€185,982 | -94.2% |
| Trade receivables | 40 | €190,138 | €10,738 | -€179,400 | -94.4% |
| Other amounts receivable | 41 | €7,198 | €616 | -€6,581 | -91.4% |
| Cash at bank and in hand | 54/58 | €91,357 | €51,660 | -€39,697 | -43.5% |
| Deferred charges and accrued income | 490/1 | €2,297 | €1,288 | -€1,009 | -43.9% |
| Total equity and liabilities | 10/49 | €318,900 | €71,424 | -€247,476 | -77.6% |
| Equity | 10/15 | €45,720 | €4,928 | -€40,792 | -89.2% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €55,271 | €55,271 | = | 0.0% |
| Distributable reserves | 133 | €55,271 | €55,271 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€28,551 | -€69,343 | -€40,792 | -143% |
| Amounts payable | 17/49 | €273,179 | €66,495 | -€206,684 | -75.7% |
| Amounts payable after more than one year | 17 | €21,122 | - | -€21,122 | |
| Financial debts | 170/4 | €14,122 | - | -€14,122 | |
| Other amounts payable | 178/9 | €7,000 | - | -€7,000 | |
| Amounts payable within one year | 42/48 | €252,058 | €66,495 | -€185,562 | -73.6% |
| Current portion of amounts payable after more than one year | 42 | €4,600 | - | -€4,600 | |
| Financial debts | 43 | - | €29 | +€29 | |
| Credit institutions | 430/8 | - | €29 | +€29 | |
| Trade debts | 44 | €180,996 | €2,083 | -€178,913 | -98.8% |
| Suppliers | 440/4 | €180,996 | €2,083 | -€178,913 | -98.8% |
| Taxes, remuneration and social security | 45 | €38 | - | -€38 | |
| Remuneration and social security | 454/9 | €38 | - | -€38 | |
| Other amounts payable | 47/48 | €66,424 | €64,384 | -€2,040 | -3.1% |
| Remuneration, social security and pensions | 62 | €130,284 | €52,523 | -€77,761 | -59.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,502 | €4,072 | -€1,430 | -26.0% |
| Other operating charges | 640/8 | €982 | €6,128 | +€5,147 | +524% |
| Gross operating margin | 9900 | €110,430 | €24,491 | -€85,939 | -77.8% |
| Operating profit (loss) | 9901 | -€26,337 | -€38,231 | -€11,894 | -45.2% |
| Financial income | 75/76B | €6 | €5 | -€1 | -13.7% |
| Recurring financial income | 75 | €6 | €5 | -€1 | -13.7% |
| Financial charges | 65/66B | €2,219 | €2,565 | +€346 | +15.6% |
| Recurring financial charges | 65 | €2,219 | €2,565 | +€346 | +15.6% |
| Profit (loss) for the period before taxes | 9903 | -€28,551 | -€40,792 | -€12,241 | -42.9% |
| Profit (loss) for the period | 9904 | -€28,551 | -€40,792 | -€12,241 | -42.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€28,551 | -€40,792 | -€12,241 | -42.9% |
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 28 October 2026 via checked.be.