DULUC: 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.
DULUC
Largest movements
- Receivables within one year -€9,841
down €9,841 (-30.9%), from €31,839 to €21,998
of which Trade receivables: -€9,621
- Stocks and contracts +€8,826
new in 2025: €8,826
- Tangible fixed assets +€3,450
up €3,450 (+54.1%), from €6,374 to €9,824
of which Other tangible fixed assets: +€3,643
- Deferred charges and accrued income -€456
down €456 (-58.4%), from €781 to €325
- Short-term financial debts +€2,930
up €2,930 (+44.7%), from €6,557 to €9,488
- Trade debts -€1,364
down €1,364 (-33.9%), from €4,022 to €2,658
- Gross operating margin -€1,675
down €1,675 (-27.3%), from €6,138 to €4,463
- Depreciation +€641
up €641 (+33.4%), from €1,918 to €2,559
- Financial charges +€258
up €258 (+41.1%), from €627 to €885
- Other operating charges +€182
up €182 (+17.2%), from €1,059 to €1,241
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 | €42,050 | €44,311 | +€2,261 | +5.4% |
| Fixed assets | 21/28 | €6,584 | €10,034 | +€3,450 | +52.4% |
| Tangible fixed assets | 22/27 | €6,374 | €9,824 | +€3,450 | +54.1% |
| Plant, machinery and equipment | 23 | €5,265 | €4,771 | -€494 | -9.4% |
| Furniture and vehicles | 24 | €148 | €448 | +€301 | +204% |
| Other tangible fixed assets | 26 | €962 | €4,605 | +€3,643 | +379% |
| Financial fixed assets | 28 | €210 | €210 | = | 0.0% |
| Current assets | 29/58 | €35,466 | €34,276 | -€1,189 | -3.4% |
| Stocks and contracts in progress | 3 | - | €8,826 | +€8,826 | |
| Stocks | 30/36 | - | €8,826 | +€8,826 | |
| Amounts receivable within one year | 40/41 | €31,839 | €21,998 | -€9,841 | -30.9% |
| Trade receivables | 40 | €17,806 | €8,185 | -€9,621 | -54.0% |
| Other amounts receivable | 41 | €14,033 | €13,813 | -€220 | -1.6% |
| Cash at bank and in hand | 54/58 | €2,846 | €3,127 | +€282 | +9.9% |
| Deferred charges and accrued income | 490/1 | €781 | €325 | -€456 | -58.4% |
| Total equity and liabilities | 10/49 | €42,050 | €44,311 | +€2,261 | +5.4% |
| Equity | 10/15 | €31,083 | €31,376 | +€293 | +0.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €12,483 | €12,776 | +€293 | +2.3% |
| Distributable reserves | 133 | €12,483 | €12,776 | +€293 | +2.3% |
| Amounts payable | 17/49 | €10,967 | €12,935 | +€1,968 | +17.9% |
| Amounts payable within one year | 42/48 | €10,580 | €12,146 | +€1,566 | +14.8% |
| Financial debts | 43 | €6,557 | €9,488 | +€2,930 | +44.7% |
| Credit institutions | 430/8 | €6,557 | €9,488 | +€2,930 | +44.7% |
| Trade debts | 44 | €4,022 | €2,658 | -€1,364 | -33.9% |
| Suppliers | 440/4 | €4,022 | €2,658 | -€1,364 | -33.9% |
| Accrued charges and deferred income | 492/3 | €387 | €789 | +€402 | +104% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,918 | €2,559 | +€641 | +33.4% |
| Other operating charges | 640/8 | €1,059 | €1,241 | +€182 | +17.2% |
| Gross operating margin | 9900 | €6,138 | €4,463 | -€1,675 | -27.3% |
| Operating profit (loss) | 9901 | €3,162 | €663 | -€2,499 | -79.0% |
| Financial income | 75/76B | €470 | €515 | +€45 | +9.6% |
| Recurring financial income | 75 | €470 | €515 | +€45 | +9.6% |
| Financial charges | 65/66B | €627 | €885 | +€258 | +41.1% |
| Recurring financial charges | 65 | €627 | €885 | +€258 | +41.1% |
| Profit (loss) for the period before taxes | 9903 | €3,005 | €293 | -€2,712 | -90.3% |
| Profit (loss) for the period | 9904 | €3,005 | €293 | -€2,712 | -90.3% |
| Profit (loss) for the period to be appropriated | 9905 | €3,005 | €293 | -€2,712 | -90.3% |
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 13 October 2026 via checked.be.