DULZURA: 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.
DULZURA
Largest movements
- Cash +€32,391
up €32,391 (+111%), from €29,054 to €61,445
mainly Depreciation (+€48,511) and Trade debts (+€43,722)
- Stocks and contracts -€14,014
down €14,014 (-26.4%), from €53,142 to €39,128
- Tangible fixed assets +€9,901
up €9,901 (+4.1%), from €240,995 to €250,896
of which Furniture and vehicles: +€22,546
- Trade debts +€43,722
up €43,722 (+104%), from €42,026 to €85,747
- Tax, wage and social debts +€28,309
up €28,309 (+95.4%), from €29,681 to €57,990
of which Remuneration and social security: +€27,142
- Profit (loss) carried forward -€18,288
down €18,288 (-128%), from -€14,270 to -€32,558
- Debts after one year -€13,613
down €13,613 (-8.9%), from €153,078 to €139,466
- Other debts -€13,132
no longer reported in 2025 (was €13,132)
- Staff costs +€123,164
up €123,164 (+75.7%), from €162,740 to €285,904
- Gross operating margin +€112,478
up €112,478 (+52.5%), from €214,327 to €326,805
- Depreciation -€13,864
down €13,864 (-22.2%), from €62,374 to €48,511
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 | €346,603 | €378,971 | +€32,368 | +9.3% |
| Fixed assets | 21/28 | €243,077 | €254,228 | +€11,151 | +4.6% |
| Tangible fixed assets | 22/27 | €240,995 | €250,896 | +€9,901 | +4.1% |
| Plant, machinery and equipment | 23 | €44,025 | €25,027 | -€18,998 | -43.2% |
| Furniture and vehicles | 24 | €2,142 | €24,688 | +€22,546 | +1,052% |
| Other tangible fixed assets | 26 | €194,827 | €201,181 | +€6,354 | +3.3% |
| Financial fixed assets | 28 | €2,083 | €3,333 | +€1,250 | +60.0% |
| Current assets | 29/58 | €103,526 | €124,743 | +€21,217 | +20.5% |
| Stocks and contracts in progress | 3 | €53,142 | €39,128 | -€14,014 | -26.4% |
| Stocks | 30/36 | €53,142 | €39,128 | -€14,014 | -26.4% |
| Amounts receivable within one year | 40/41 | €20,554 | €24,170 | +€3,616 | +17.6% |
| Trade receivables | 40 | €20,554 | €22,073 | +€1,519 | +7.4% |
| Other amounts receivable | 41 | - | €2,096 | +€2,096 | |
| Cash at bank and in hand | 54/58 | €29,054 | €61,445 | +€32,391 | +111% |
| Deferred charges and accrued income | 490/1 | €776 | - | -€776 | |
| Total equity and liabilities | 10/49 | €346,603 | €378,971 | +€32,368 | +9.3% |
| Equity | 10/15 | €18,730 | €442 | -€18,288 | -97.6% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €3,000 | €3,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,000 | €3,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,270 | -€32,558 | -€18,288 | -128% |
| Amounts payable | 17/49 | €327,873 | €378,529 | +€50,656 | +15.4% |
| Amounts payable after more than one year | 17 | €153,078 | €139,466 | -€13,613 | -8.9% |
| Financial debts | 170/4 | €153,078 | €139,466 | -€13,613 | -8.9% |
| Amounts payable within one year | 42/48 | €174,794 | €239,063 | +€64,269 | +36.8% |
| Current portion of amounts payable after more than one year | 42 | €29,956 | €35,325 | +€5,369 | +17.9% |
| Financial debts | 43 | €60,000 | €60,000 | = | 0.0% |
| Credit institutions | 430/8 | €60,000 | €60,000 | = | 0.0% |
| Trade debts | 44 | €42,026 | €85,747 | +€43,722 | +104% |
| Suppliers | 440/4 | €42,026 | €85,747 | +€43,722 | +104% |
| Taxes, remuneration and social security | 45 | €29,681 | €57,990 | +€28,309 | +95.4% |
| Taxes | 450/3 | €6,656 | €7,824 | +€1,167 | +17.5% |
| Remuneration and social security | 454/9 | €23,024 | €50,167 | +€27,142 | +118% |
| Other amounts payable | 47/48 | €13,132 | - | -€13,132 | |
| Non-recurring operating income | 76A | - | €20,259 | +€20,259 | |
| Remuneration, social security and pensions | 62 | €162,740 | €285,904 | +€123,164 | +75.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,374 | €48,511 | -€13,864 | -22.2% |
| Other operating charges | 640/8 | €2,659 | €613 | -€2,046 | -76.9% |
| Gross operating margin | 9900 | €214,327 | €326,805 | +€112,478 | +52.5% |
| Operating profit (loss) | 9901 | -€13,446 | -€8,223 | +€5,223 | +38.8% |
| Financial income | 75/76B | €1,225 | €1,514 | +€289 | +23.6% |
| Recurring financial income | 75 | €1,225 | €1,514 | +€289 | +23.6% |
| Financial charges | 65/66B | €10,033 | €11,477 | +€1,443 | +14.4% |
| Recurring financial charges | 65 | €10,033 | €11,477 | +€1,443 | +14.4% |
| Profit (loss) for the period before taxes | 9903 | -€22,255 | -€18,186 | +€4,069 | +18.3% |
| Income taxes | 67/77 | €320 | €102 | -€218 | -68.0% |
| Profit (loss) for the period | 9904 | -€22,575 | -€18,288 | +€4,287 | +19.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€22,575 | -€18,288 | +€4,287 | +19.0% |
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.