Dr. Deldime Luc: 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.
Dr. Deldime Luc
Largest movements
- Cash -€115,221
down €115,221 (-51.4%), from €224,185 to €108,963
mainly Contributions, distributions and other (-€300,000) and Investment in fixed assets (net) (-€25,768)
- Tangible fixed assets -€41,392
down €41,392 (-5.3%), from €787,669 to €746,277
of which Land and buildings: -€26,358
- Reserves -€299,847
down €299,847 (-35.1%), from €853,712 to €553,865
- Other debts +€160,662
up €160,662 (+110%), from €145,675 to €306,337
- Current portion of long-term debt -€18,666
no longer reported in 2025 (was €18,666)
- Tax, wage and social debts +€10,859
up €10,859 (+144%), from €7,523 to €18,382
of which Taxes: +€9,977
- Gross operating margin -€80,244
down €80,244 (-48.8%), from €164,323 to €84,079
- Taxes -€18,961
down €18,961 (-84.5%), from €22,445 to €3,483
- Financial charges -€11,065
down €11,065 (-75.8%), from €14,600 to €3,535
- Financial income -€9,463
down €9,463 (-88.1%), from €10,737 to €1,274
- Depreciation -€2,647
down €2,647 (-3.8%), from €69,806 to €67,159
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 | €1,064,965 | €907,583 | -€157,382 | -14.8% |
| Fixed assets | 21/28 | €812,669 | €771,277 | -€41,392 | -5.1% |
| Tangible fixed assets | 22/27 | €787,669 | €746,277 | -€41,392 | -5.3% |
| Land and buildings | 22 | €737,035 | €710,677 | -€26,358 | -3.6% |
| Plant, machinery and equipment | 23 | €3,027 | €1,906 | -€1,120 | -37.0% |
| Furniture and vehicles | 24 | €32,947 | €20,458 | -€12,488 | -37.9% |
| Other tangible fixed assets | 26 | €14,660 | €13,235 | -€1,425 | -9.7% |
| Financial fixed assets | 28 | €25,000 | €25,000 | = | 0.0% |
| Current assets | 29/58 | €252,296 | €136,306 | -€115,991 | -46.0% |
| Amounts receivable within one year | 40/41 | €2,934 | €7,178 | +€4,244 | +145% |
| Other amounts receivable | 41 | €2,934 | €7,178 | +€4,244 | +145% |
| Cash at bank and in hand | 54/58 | €224,185 | €108,963 | -€115,221 | -51.4% |
| Deferred charges and accrued income | 490/1 | €25,177 | €20,164 | -€5,013 | -19.9% |
| Total equity and liabilities | 10/49 | €1,064,965 | €907,583 | -€157,382 | -14.8% |
| Equity | 10/15 | €872,312 | €572,465 | -€299,847 | -34.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €853,712 | €553,865 | -€299,847 | -35.1% |
| Distributable reserves | 133 | €853,712 | €553,865 | -€299,847 | -35.1% |
| Amounts payable | 17/49 | €192,653 | €335,118 | +€142,465 | +73.9% |
| Amounts payable within one year | 42/48 | €176,101 | €328,068 | +€151,967 | +86.3% |
| Current portion of amounts payable after more than one year | 42 | €18,666 | - | -€18,666 | |
| Trade debts | 44 | €4,236 | €3,349 | -€888 | -21.0% |
| Suppliers | 440/4 | €4,236 | €3,349 | -€888 | -21.0% |
| Taxes, remuneration and social security | 45 | €7,523 | €18,382 | +€10,859 | +144% |
| Taxes | 450/3 | €7,523 | €17,500 | +€9,977 | +133% |
| Remuneration and social security | 454/9 | - | €882 | +€882 | |
| Other amounts payable | 47/48 | €145,675 | €306,337 | +€160,662 | +110% |
| Accrued charges and deferred income | 492/3 | €16,553 | €7,050 | -€9,502 | -57.4% |
| Remuneration, social security and pensions | 62 | €7,138 | €6,790 | -€348 | -4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €69,806 | €67,159 | -€2,647 | -3.8% |
| Other operating charges | 640/8 | €4,207 | €4,233 | +€27 | +0.6% |
| Gross operating margin | 9900 | €164,323 | €84,079 | -€80,244 | -48.8% |
| Operating profit (loss) | 9901 | €83,172 | €5,897 | -€77,275 | -92.9% |
| Financial income | 75/76B | €10,737 | €1,274 | -€9,463 | -88.1% |
| Recurring financial income | 75 | €10,737 | €1,274 | -€9,463 | -88.1% |
| Financial charges | 65/66B | €14,600 | €3,535 | -€11,065 | -75.8% |
| Recurring financial charges | 65 | €14,600 | €3,535 | -€11,065 | -75.8% |
| Profit (loss) for the period before taxes | 9903 | €79,310 | €3,637 | -€75,673 | -95.4% |
| Income taxes | 67/77 | €22,445 | €3,483 | -€18,961 | -84.5% |
| Profit (loss) for the period | 9904 | €56,865 | €153 | -€56,712 | -99.7% |
| Profit (loss) for the period to be appropriated | 9905 | €56,865 | €153 | -€56,712 | -99.7% |
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 26 October 2026 via checked.be.