dLuc: 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.
dLuc
Largest movements
- Cash +€89,419
up €89,419 (+569%), from €15,703 to €105,122
mainly Net result for the year (+€160,959) and Other debts (+€147,591)
- Receivables within one year +€55,989
up €55,989, from €0 to €55,989
of which Trade receivables: +€52,573
- Tangible fixed assets +€15,560
up €15,560 (+102%), from €15,218 to €30,778
of which Furniture and vehicles: +€15,705
- Other debts +€147,591
up €147,591 (+1,104%), from €13,368 to €160,959
- Trade debts +€6,204
up €6,204 (+824%), from €753 to €6,957
- Tax, wage and social debts +€5,766
up €5,766 (+53.3%), from €10,822 to €16,588
of which Taxes: +€5,766
- Accrued charges and deferred income +€2,050
up €2,050, from €0 to €2,050
- Gross operating margin +€64,571
up €64,571 (+41.4%), from €156,063 to €220,635
- Taxes +€15,057
up €15,057 (+37.8%), from €39,879 to €54,936
- Purchases and services +€4,377
up €4,377 (+6.0%), from €72,808 to €77,185
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 | €31,285 | €192,895 | +€161,611 | +517% |
| Fixed assets | 21/28 | €15,581 | €31,141 | +€15,560 | +99.9% |
| Tangible fixed assets | 22/27 | €15,218 | €30,778 | +€15,560 | +102% |
| Land and buildings | 22 | €856 | €710 | -€146 | -17.0% |
| Furniture and vehicles | 24 | €14,363 | €30,068 | +€15,705 | +109% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €15,703 | €161,754 | +€146,051 | +930% |
| Amounts receivable within one year | 40/41 | €0 | €55,989 | +€55,989 | |
| Trade receivables | 40 | €0 | €52,573 | +€52,573 | |
| Other amounts receivable | 41 | €0 | €3,416 | +€3,416 | |
| Cash at bank and in hand | 54/58 | €15,703 | €105,122 | +€89,419 | +569% |
| Deferred charges and accrued income | 490/1 | - | €644 | +€644 | |
| Total equity and liabilities | 10/49 | €31,285 | €192,895 | +€161,611 | +517% |
| Equity | 10/15 | €6,341 | €6,341 | = | 0.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €1,341 | €1,341 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,341 | €1,341 | = | 0.0% |
| Amounts payable | 17/49 | €24,943 | €186,554 | +€161,611 | +648% |
| Amounts payable within one year | 42/48 | €24,943 | €184,504 | +€159,561 | +640% |
| Trade debts | 44 | €753 | €6,957 | +€6,204 | +824% |
| Suppliers | 440/4 | €753 | €6,957 | +€6,204 | +824% |
| Taxes, remuneration and social security | 45 | €10,822 | €16,588 | +€5,766 | +53.3% |
| Taxes | 450/3 | €10,822 | €16,588 | +€5,766 | +53.3% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €13,368 | €160,959 | +€147,591 | +1,104% |
| Accrued charges and deferred income | 492/3 | €0 | €2,050 | +€2,050 | |
| Goods, raw materials, services and sundry goods | 60/61 | €72,808 | €77,185 | +€4,377 | +6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,275 | €4,049 | +€1,774 | +78.0% |
| Other operating charges | 640/8 | €98 | €101 | +€3 | +3.4% |
| Non-recurring operating charges | 66A | €116 | €40 | -€76 | -65.5% |
| Gross operating margin | 9900 | €156,063 | €220,635 | +€64,571 | +41.4% |
| Operating profit (loss) | 9901 | €153,575 | €216,445 | +€62,870 | +40.9% |
| Financial income | 75/76B | €697 | €84 | -€614 | -88.0% |
| Recurring financial income | 75 | €697 | €84 | -€614 | -88.0% |
| Financial charges | 65/66B | €1,025 | €634 | -€391 | -38.2% |
| Recurring financial charges | 65 | €1,025 | €634 | -€391 | -38.2% |
| Profit (loss) for the period before taxes | 9903 | €153,247 | €215,894 | +€62,647 | +40.9% |
| Income taxes | 67/77 | €39,879 | €54,936 | +€15,057 | +37.8% |
| Profit (loss) for the period | 9904 | €113,368 | €160,959 | +€47,591 | +42.0% |
| Profit (loss) for the period to be appropriated | 9905 | €113,368 | €160,959 | +€47,591 | +42.0% |
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 18 October 2026 via checked.be.