DL INOX: 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.
DL INOX
Largest movements
- Tangible fixed assets +€35,195
up €35,195 (+71.0%), from €49,553 to €84,748
of which Furniture and vehicles: +€42,648
- Cash +€26,882
up €26,882 (+73.4%), from €36,616 to €63,498
mainly Debts after one year (+€32,238) and Net result for the year (+€25,246)
- Receivables within one year +€11,311
up €11,311 (+60.3%), from €18,766 to €30,077
of which Trade receivables: +€17,317
- Stocks and contracts -€2,038
down €2,038 (-46.4%), from €4,395 to €2,358
of which Contracts in progress: -€1,500
- Debts after one year +€32,238
up €32,238 (+354%), from €9,114 to €41,352
- Reserves +€25,246
up €25,246 (+43.3%), from €58,319 to €83,565
of which Distributable reserves: +€27,806
- Current portion of long-term debt +€8,826
up €8,826 (+176%), from €5,029 to €13,854
- Trade debts +€3,839
up €3,839 (+117%), from €3,287 to €7,126
- Gross operating margin +€15,835
up €15,835 (+38.7%), from €40,939 to €56,774
- Taxes +€4,550
up €4,550 (+65.1%), from €6,994 to €11,545
- Depreciation +€1,917
up €1,917 (+11.3%), from €16,916 to €18,832
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 | €110,787 | €182,908 | +€72,121 | +65.1% |
| Fixed assets | 21/28 | €49,553 | €84,748 | +€35,195 | +71.0% |
| Tangible fixed assets | 22/27 | €49,553 | €84,748 | +€35,195 | +71.0% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €24,226 | €17,318 | -€6,908 | -28.5% |
| Furniture and vehicles | 24 | €22,648 | €65,296 | +€42,648 | +188% |
| Other tangible fixed assets | 26 | €2,679 | €2,134 | -€545 | -20.3% |
| Current assets | 29/58 | €61,233 | €98,159 | +€36,926 | +60.3% |
| Stocks and contracts in progress | 3 | €4,395 | €2,358 | -€2,038 | -46.4% |
| Stocks | 30/36 | €2,895 | €2,358 | -€538 | -18.6% |
| Contracts in progress | 37 | €1,500 | €0 | -€1,500 | -100% |
| Amounts receivable within one year | 40/41 | €18,766 | €30,077 | +€11,311 | +60.3% |
| Trade receivables | 40 | €12,760 | €30,077 | +€17,317 | +136% |
| Other amounts receivable | 41 | €6,006 | €0 | -€6,006 | -100% |
| Cash at bank and in hand | 54/58 | €36,616 | €63,498 | +€26,882 | +73.4% |
| Deferred charges and accrued income | 490/1 | €1,456 | €2,227 | +€771 | +52.9% |
| Total equity and liabilities | 10/49 | €110,787 | €182,908 | +€72,121 | +65.1% |
| Equity | 10/15 | €76,919 | €102,165 | +€25,246 | +32.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €58,319 | €83,565 | +€25,246 | +43.3% |
| Tax-exempt reserves | 132 | €6,768 | €4,208 | -€2,560 | -37.8% |
| Distributable reserves | 133 | €51,551 | €79,357 | +€27,806 | +53.9% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Provisions and deferred taxes | 16 | €1,678 | €1,038 | -€640 | -38.1% |
| Deferred taxes | 168 | €1,678 | €1,038 | -€640 | -38.1% |
| Amounts payable | 17/49 | €32,190 | €79,705 | +€47,515 | +148% |
| Amounts payable after more than one year | 17 | €9,114 | €41,352 | +€32,238 | +354% |
| Financial debts | 170/4 | €9,114 | €41,352 | +€32,238 | +354% |
| Amounts payable within one year | 42/48 | €22,901 | €38,141 | +€15,240 | +66.5% |
| Current portion of amounts payable after more than one year | 42 | €5,029 | €13,854 | +€8,826 | +176% |
| Trade debts | 44 | €3,287 | €7,126 | +€3,839 | +117% |
| Suppliers | 440/4 | €3,287 | €7,126 | +€3,839 | +117% |
| Taxes, remuneration and social security | 45 | €8,197 | €9,614 | +€1,417 | +17.3% |
| Taxes | 450/3 | €8,197 | €9,614 | +€1,417 | +17.3% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €6,388 | €7,547 | +€1,159 | +18.1% |
| Accrued charges and deferred income | 492/3 | €175 | €211 | +€36 | +20.8% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,916 | €18,832 | +€1,917 | +11.3% |
| Other operating charges | 640/8 | €1,500 | €1,297 | -€203 | -13.5% |
| Non-recurring operating charges | 66A | €1,354 | €0 | -€1,354 | -100% |
| Gross operating margin | 9900 | €40,939 | €56,774 | +€15,835 | +38.7% |
| Operating profit (loss) | 9901 | €21,170 | €36,645 | +€15,475 | +73.1% |
| Financial income | 75/76B | €448 | €632 | +€184 | +41.1% |
| Recurring financial income | 75 | €448 | €632 | +€184 | +41.1% |
| Financial charges | 65/66B | €1,429 | €1,126 | -€304 | -21.2% |
| Recurring financial charges | 65 | €1,429 | €1,126 | -€304 | -21.2% |
| Profit (loss) for the period before taxes | 9903 | €20,188 | €36,151 | +€15,962 | +79.1% |
| Transfer from deferred taxes | 780 | €640 | €640 | = | 0.0% |
| Income taxes | 67/77 | €6,994 | €11,545 | +€4,550 | +65.1% |
| Profit (loss) for the period | 9904 | €13,834 | €25,246 | +€11,412 | +82.5% |
| Transfer from tax-exempt reserves | 789 | €2,560 | €2,560 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €16,394 | €27,806 | +€11,412 | +69.6% |
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 30 October 2026 via checked.be.