DILUCA: 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.
DILUCA
Largest movements
- Tangible fixed assets +€1.0m
up €1.0m (+92.5%), from €1.1m to €2.1m
of which Land and buildings: +€1.0m
- Receivables within one year +€702,148
up €702,148 (+107.3%), from €654,515 to €1.4m
of which Other amounts receivable: +€639,762
- Stocks and contracts -€426,062
down €426,062 (-52.4%), from €813,138 to €387,076
- Cash -€79,816
down €79,816 (-98.2%), from €81,270 to €1,454
mainly Investment in fixed assets (net) (-€1.1m) and Receivables within one year (-€702,148)
- Revaluation surpluses +€716,900
new in 2025: €716,900
- Debts after one year +€338,637
up €338,637 (+17.7%), from €1.9m to €2.3m
of which Financial debts: +€266,563
- Short-term financial debts +€75,490
up €75,490 (+16.8%), from €450,000 to €525,490
of which Other loans: +€292,000
- Other debts +€57,498
up €57,498 (+112.6%), from €51,066 to €108,564
- Financial income +€31,147
up €31,147 (+53.2%), from €58,527 to €89,675
of which Financial income: +€22,160
- Financial charges +€20,739
up €20,739 (+24.8%), from €83,632 to €104,370
- Gross operating margin -€5,495
down €5,495 (-6.5%), from €84,646 to €79,151
- Depreciation +€4,903
up €4,903 (+26.9%), from €18,256 to €23,159
- Taxes -€1,770
down €1,770 (-12.9%), from €13,752 to €11,982
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 | €3,595,592 | €4,836,646 | +€1.2m | +34.5% |
| Fixed assets | 21/28 | €1,995,872 | €3,041,899 | +€1.0m | +52.4% |
| Tangible fixed assets | 22/27 | €1,108,222 | €2,132,781 | +€1.0m | +92.5% |
| Land and buildings | 22 | €1,108,102 | €2,132,781 | +€1.0m | +92.5% |
| Other tangible fixed assets | 26 | €120 | €0 | -€120 | -100.0% |
| Financial fixed assets | 28 | €887,650 | €909,118 | +€21,468 | +2.4% |
| Current assets | 29/58 | €1,599,720 | €1,794,747 | +€195,027 | +12.2% |
| Stocks and contracts in progress | 3 | €813,138 | €387,076 | -€426,062 | -52.4% |
| Stocks | 30/36 | €813,138 | €387,076 | -€426,062 | -52.4% |
| Amounts receivable within one year | 40/41 | €654,515 | €1,356,663 | +€702,148 | +107.3% |
| Trade receivables | 40 | €75,949 | €138,336 | +€62,387 | +82.1% |
| Other amounts receivable | 41 | €578,566 | €1,218,327 | +€639,762 | +110.6% |
| Cash at bank and in hand | 54/58 | €81,270 | €1,454 | -€79,816 | -98.2% |
| Deferred charges and accrued income | 490/1 | €50,797 | €49,553 | -€1,244 | -2.4% |
| Total equity and liabilities | 10/49 | €3,595,592 | €4,836,646 | +€1.2m | +34.5% |
| Equity | 10/15 | €916,849 | €1,654,717 | +€737,868 | +80.5% |
| Contributions | 10/11 | €683,550 | €683,550 | = | 0.0% |
| Revaluation surpluses | 12 | - | €716,900 | +€716,900 | |
| Reserves | 13 | €140,698 | €140,698 | = | 0.0% |
| Distributable reserves | 133 | €140,698 | €140,698 | = | 0.0% |
| Profit (loss) carried forward | 14 | €92,601 | €113,569 | +€20,968 | +22.6% |
| Amounts payable | 17/49 | €2,678,743 | €3,181,929 | +€503,185 | +18.8% |
| Amounts payable after more than one year | 17 | €1,912,960 | €2,251,596 | +€338,637 | +17.7% |
| Financial debts | 170/4 | - | €266,563 | +€266,563 | |
| Other amounts payable | 178/9 | €1,912,960 | €1,985,033 | +€72,074 | +3.8% |
| Amounts payable within one year | 42/48 | €759,837 | €907,507 | +€147,670 | +19.4% |
| Current portion of amounts payable after more than one year | 42 | - | €8,437 | +€8,437 | |
| Financial debts | 43 | €450,000 | €525,490 | +€75,490 | +16.8% |
| Credit institutions | 430/8 | €450,000 | €233,490 | -€216,510 | -48.1% |
| Other loans | 439 | €0 | €292,000 | +€292,000 | |
| Trade debts | 44 | €231,507 | €236,901 | +€5,394 | +2.3% |
| Suppliers | 440/4 | €231,507 | €236,901 | +€5,394 | +2.3% |
| Taxes, remuneration and social security | 45 | €27,263 | €28,114 | +€851 | +3.1% |
| Taxes | 450/3 | €27,263 | €28,114 | +€851 | +3.1% |
| Other amounts payable | 47/48 | €51,066 | €108,564 | +€57,498 | +112.6% |
| Accrued charges and deferred income | 492/3 | €5,947 | €22,825 | +€16,878 | +283.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,256 | €23,159 | +€4,903 | +26.9% |
| Other operating charges | 640/8 | €9,158 | €8,345 | -€813 | -8.9% |
| Gross operating margin | 9900 | €84,646 | €79,151 | -€5,495 | -6.5% |
| Operating profit (loss) | 9901 | €57,232 | €47,646 | -€9,585 | -16.7% |
| Financial income | 75/76B | €58,527 | €89,675 | +€31,147 | +53.2% |
| Recurring financial income | 75 | €58,527 | €80,687 | +€22,160 | +37.9% |
| Non-recurring financial income | 76B | - | €8,988 | +€8,988 | |
| Financial charges | 65/66B | €83,632 | €104,370 | +€20,739 | +24.8% |
| Recurring financial charges | 65 | €83,632 | €104,370 | +€20,739 | +24.8% |
| Profit (loss) for the period before taxes | 9903 | €32,127 | €32,950 | +€823 | +2.6% |
| Income taxes | 67/77 | €13,752 | €11,982 | -€1,770 | -12.9% |
| Profit (loss) for the period | 9904 | €18,375 | €20,968 | +€2,593 | +14.1% |
| Profit (loss) for the period to be appropriated | 9905 | €18,375 | €20,968 | +€2,593 | +14.1% |
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.