Diluca Projects: 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.
Diluca Projects
Largest movements
- Stocks and contracts -€1.7m
down €1.7m (-65.6%), from €2.6m to €900,733
- Receivables within one year +€431,134
up €431,134 (+243%), from €177,259 to €608,393
of which Trade receivables: +€338,680
- Financial fixed assets +€110,000
new in 2025: €110,000
- Short-term financial debts -€1.1m
down €1.1m (-61.2%), from €1.7m to €668,052
of which Credit institutions: -€1.1m
- Debts after one year -€192,500
down €192,500 (-25.4%), from €759,000 to €566,500
of which Other amounts payable: -€168,000
- Gross operating margin +€232,687
up €232,687 (+965%), from €24,120 to €256,807
- Financial charges +€192,786
up €192,786 (+8,069%), from €2,389 to €195,175
- Depreciation +€15,641
up €15,641 (+438%), from €3,570 to €19,211
- Taxes +€5,839
up €5,839 (+179%), from €3,259 to €9,098
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 | €3,004,261 | €1,830,701 | -€1.2m | -39.1% |
| Formation expenses | 20 | €6,630 | €4,630 | -€2,000 | -30.2% |
| Fixed assets | 21/28 | €185,000 | €277,789 | +€92,789 | +50.2% |
| Tangible fixed assets | 22/27 | €185,000 | €167,789 | -€17,211 | -9.3% |
| Land and buildings | 22 | €185,000 | €167,789 | -€17,211 | -9.3% |
| Financial fixed assets | 28 | - | €110,000 | +€110,000 | |
| Current assets | 29/58 | €2,812,631 | €1,548,281 | -€1.3m | -45.0% |
| Stocks and contracts in progress | 3 | €2,619,278 | €900,733 | -€1.7m | -65.6% |
| Stocks | 30/36 | €2,619,278 | €900,733 | -€1.7m | -65.6% |
| Amounts receivable within one year | 40/41 | €177,259 | €608,393 | +€431,134 | +243% |
| Trade receivables | 40 | - | €338,680 | +€338,680 | |
| Other amounts receivable | 41 | €177,259 | €269,713 | +€92,455 | +52.2% |
| Cash at bank and in hand | 54/58 | €12,588 | €35,972 | +€23,384 | +186% |
| Deferred charges and accrued income | 490/1 | €3,506 | €3,183 | -€323 | -9.2% |
| Total equity and liabilities | 10/49 | €3,004,261 | €1,830,701 | -€1.2m | -39.1% |
| Equity | 10/15 | €221,641 | €251,553 | +€29,912 | +13.5% |
| Contributions | 10/11 | €210,000 | €210,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,641 | €41,553 | +€29,912 | +257% |
| Amounts payable | 17/49 | €2,782,620 | €1,579,148 | -€1.2m | -43.2% |
| Amounts payable after more than one year | 17 | €759,000 | €566,500 | -€192,500 | -25.4% |
| Financial debts | 170/4 | €191,000 | €166,500 | -€24,500 | -12.8% |
| Other amounts payable | 178/9 | €568,000 | €400,000 | -€168,000 | -29.6% |
| Amounts payable within one year | 42/48 | €1,943,546 | €918,756 | -€1.0m | -52.7% |
| Financial debts | 43 | €1,721,973 | €668,052 | -€1.1m | -61.2% |
| Credit institutions | 430/8 | €1,462,909 | €369,634 | -€1.1m | -74.7% |
| Other loans | 439 | €259,063 | €298,418 | +€39,355 | +15.2% |
| Trade debts | 44 | €117,834 | €133,955 | +€16,120 | +13.7% |
| Suppliers | 440/4 | €117,834 | €133,955 | +€16,120 | +13.7% |
| Taxes, remuneration and social security | 45 | €3,259 | €16,750 | +€13,491 | +414% |
| Taxes | 450/3 | €3,259 | €16,750 | +€13,491 | +414% |
| Other amounts payable | 47/48 | €100,480 | €100,000 | -€480 | -0.5% |
| Accrued charges and deferred income | 492/3 | €80,074 | €93,892 | +€13,818 | +17.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,570 | €19,211 | +€15,641 | +438% |
| Other operating charges | 640/8 | €4,053 | €4,679 | +€626 | +15.4% |
| Gross operating margin | 9900 | €24,120 | €256,807 | +€232,687 | +965% |
| Operating profit (loss) | 9901 | €16,497 | €232,918 | +€216,420 | +1,312% |
| Financial income | 75/76B | €792 | €1,267 | +€475 | +60.0% |
| Recurring financial income | 75 | €792 | €1,267 | +€475 | +60.0% |
| Financial charges | 65/66B | €2,389 | €195,175 | +€192,786 | +8,069% |
| Recurring financial charges | 65 | €2,389 | €195,175 | +€192,786 | +8,069% |
| Profit (loss) for the period before taxes | 9903 | €14,900 | €39,009 | +€24,110 | +162% |
| Income taxes | 67/77 | €3,259 | €9,098 | +€5,839 | +179% |
| Profit (loss) for the period | 9904 | €11,641 | €29,912 | +€18,271 | +157% |
| Profit (loss) for the period to be appropriated | 9905 | €11,641 | €29,912 | +€18,271 | +157% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.