DLX Holdings: what changed
What changed
DLX Holdings
filed annual accounts (NBB)
Net result for the year
-€112.7m
2025 · €2.9m-€115.6m
Equity
€60.6m
2025 · €173.3m-€112.7m
Cash
€0
2025 · €631-€631
Balance sheet total
€60.9m
2025 · €174.5m-€113.6m
Largest movements
Assets
- Financial fixed assets -€115.0m
down €115.0m (-73.5%), from €156.5m to €41.5m
Equity and liabilities
- Profit (loss) carried forward -€112.7m
down €112.7m, from €6.9m to -€105.8m
Income statement
- Financial charges +€115.0m
up €115.0m (+927,852%), from €12,393 to €115.0m
of which Non-recurring financial charges: +€115.0m
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2025
€2.9m
Other operating items
+€20,023
Financial income
-€1.0m
Financial charges
-€115.0m
Taxes
+€400,495
Result 2026
-€112.7m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€115.0m
Investment
+€115.0m
Financing
€0
Cash 2025
€631
From operations (derived)
-€115.0m
Net result for the year
-€112.7m
Receivables within one year
-€1.4m
Trade debts
-€3,986
Tax, wage and social debts
-€856,285
Investment (derived)
+€115.0m
Investment in fixed assets (net)
+€115.0m
Cash 2026
€0
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €174,488,593 | €60,925,185 | -€113.6m | -65.1% |
| Fixed assets | 21/28 | €156,543,192 | €41,543,192 | -€115.0m | -73.5% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Financial fixed assets | 28 | €156,543,192 | €41,543,192 | -€115.0m | -73.5% |
| Affiliated companies | 280/1 | €156,543,192 | €41,543,192 | -€115.0m | -73.5% |
| Participating interests | 280 | €54,739,593 | €40,350,593 | -€14.4m | -26.3% |
| Amounts receivable | 281 | €101,803,599 | €1,192,599 | -€100.6m | -98.8% |
| Current assets | 29/58 | €17,945,401 | €19,381,993 | +€1.4m | +8.0% |
| Amounts receivable within one year | 40/41 | €17,944,770 | €19,381,993 | +€1.4m | +8.0% |
| Other amounts receivable | 41 | €17,944,770 | €19,381,993 | +€1.4m | +8.0% |
| Cash at bank and in hand | 54/58 | €631 | €0 | -€631 | -100% |
| Total equity and liabilities | 10/49 | €174,488,593 | €60,925,185 | -€113.6m | -65.1% |
| Equity | 10/15 | €173,335,618 | €60,632,480 | -€112.7m | -65.0% |
| Contributions | 10/11 | €166,078,900 | €166,078,900 | = | 0.0% |
| Capital | 10 | €166,078,900 | €166,078,900 | = | 0.0% |
| Issued capital | 100 | €166,078,900 | €166,078,900 | = | 0.0% |
| Reserves | 13 | €370,894 | €370,894 | = | 0.0% |
| Non-distributable reserves | 130/1 | €370,894 | €370,894 | = | 0.0% |
| Legal reserve | 130 | €370,894 | €370,894 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,885,824 | -€105,817,314 | -€112.7m | |
| Amounts payable | 17/49 | €1,152,975 | €292,704 | -€860,271 | -74.6% |
| Amounts payable within one year | 42/48 | €1,152,975 | €292,704 | -€860,271 | -74.6% |
| Trade debts | 44 | €9,975 | €5,989 | -€3,986 | -40.0% |
| Suppliers | 440/4 | €9,975 | €5,989 | -€3,986 | -40.0% |
| Taxes, remuneration and social security | 45 | €1,143,000 | €286,715 | -€856,285 | -74.9% |
| Taxes | 450/3 | €1,143,000 | €286,715 | -€856,285 | -74.9% |
| Operating charges | 60/66A | €27,577 | €7,554 | -€20,023 | -72.6% |
| Services and other goods | 61 | €27,577 | €7,554 | -€20,023 | -72.6% |
| Operating profit (loss) | 9901 | -€27,577 | -€7,554 | +€20,023 | +72.6% |
| Financial income | 75/76B | €4,084,988 | €3,049,641 | -€1.0m | -25.3% |
| Recurring financial income | 75 | €4,084,988 | €3,049,641 | -€1.0m | -25.3% |
| Income from financial fixed assets | 750 | €4,084,988 | €3,049,641 | -€1.0m | -25.3% |
| Financial charges | 65/66B | €12,393 | €115,002,719 | +€115.0m | +927,852% |
| Recurring financial charges | 65 | €12,393 | €2,719 | -€9,674 | -78.1% |
| Debt charges | 650 | €551 | €502 | -€50 | -9.0% |
| Other financial charges | 652/9 | €11,842 | €2,217 | -€9,625 | -81.3% |
| Non-recurring financial charges | 66B | - | €115,000,000 | +€115.0m | |
| Profit (loss) for the period before taxes | 9903 | €4,045,018 | -€111,960,633 | -€116.0m | |
| Income taxes | 67/77 | €1,143,000 | €742,505 | -€400,495 | -35.0% |
| Taxes | 670/3 | €1,143,000 | €742,505 | -€400,495 | -35.0% |
| Profit (loss) for the period | 9904 | €2,902,018 | -€112,703,138 | -€115.6m | |
| Profit (loss) for the period to be appropriated | 9905 | €2,902,018 | -€112,703,138 | -€115.6m |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.