LUC DEHEM: 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.
LUC DEHEM
Largest movements
- Cash +€12,496
up €12,496 (+22.1%), from €56,494 to €68,990
mainly Net result for the year (+€9,451) and Receivables within one year (+€3,013)
- Receivables within one year -€3,013
down €3,013 (-80.1%), from €3,762 to €749
of which Trade receivables: -€2,257
- Reserves +€9,451
up €9,451 (+8.2%), from €115,092 to €124,543
- Tax, wage and social debts +€2,953
up €2,953 (+132%), from €2,239 to €5,192
- Trade debts -€2,447
down €2,447 (-100%), from €2,447 to €0
- Gross operating margin -€2,545
down €2,545 (-16.2%), from €15,747 to €13,202
- Financial income +€1,513
up €1,513 (+68.8%), from €2,198 to €3,711
of which Financial income: +€1,487
- Financial charges +€1,178
up €1,178 (+121%), from €975 to €2,153
- Taxes -€1,113
down €1,113 (-20.7%), from €5,369 to €4,256
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 | €133,964 | €144,802 | +€10,839 | +8.1% |
| Current assets | 29/58 | €133,964 | €144,802 | +€10,839 | +8.1% |
| Amounts receivable within one year | 40/41 | €3,762 | €749 | -€3,013 | -80.1% |
| Trade receivables | 40 | €2,317 | €60 | -€2,257 | -97.4% |
| Other amounts receivable | 41 | €1,445 | €689 | -€756 | -52.3% |
| Current investments | 50/53 | €72,854 | €73,719 | +€866 | +1.2% |
| Cash at bank and in hand | 54/58 | €56,494 | €68,990 | +€12,496 | +22.1% |
| Deferred charges and accrued income | 490/1 | €855 | €1,344 | +€489 | +57.3% |
| Total equity and liabilities | 10/49 | €133,964 | €144,802 | +€10,839 | +8.1% |
| Equity | 10/15 | €128,197 | €137,649 | +€9,451 | +7.4% |
| Contributions | 10/11 | €13,105 | €13,105 | = | 0.0% |
| Reserves | 13 | €115,092 | €124,543 | +€9,451 | +8.2% |
| Distributable reserves | 133 | €115,092 | €124,543 | +€9,451 | +8.2% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €5,767 | €7,154 | +€1,387 | +24.1% |
| Amounts payable within one year | 42/48 | €5,767 | €7,154 | +€1,387 | +24.1% |
| Trade debts | 44 | €2,447 | €0 | -€2,447 | -100% |
| Suppliers | 440/4 | €2,447 | €0 | -€2,447 | -100% |
| Taxes, remuneration and social security | 45 | €2,239 | €5,192 | +€2,953 | +132% |
| Taxes | 450/3 | €2,239 | €5,192 | +€2,953 | +132% |
| Other amounts payable | 47/48 | €1,080 | €1,962 | +€882 | +81.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €1,052 | €1,053 | +€0 | 0.0% |
| Gross operating margin | 9900 | €15,747 | €13,202 | -€2,545 | -16.2% |
| Operating profit (loss) | 9901 | €14,695 | €12,149 | -€2,545 | -17.3% |
| Financial income | 75/76B | €2,198 | €3,711 | +€1,513 | +68.8% |
| Recurring financial income | 75 | €2,198 | €3,685 | +€1,487 | +67.6% |
| Non-recurring financial income | 76B | - | €26 | +€26 | |
| Financial charges | 65/66B | €975 | €2,153 | +€1,178 | +121% |
| Recurring financial charges | 65 | €975 | €2,153 | +€1,178 | +121% |
| Profit (loss) for the period before taxes | 9903 | €15,918 | €13,707 | -€2,210 | -13.9% |
| Income taxes | 67/77 | €5,369 | €4,256 | -€1,113 | -20.7% |
| Profit (loss) for the period | 9904 | €10,549 | €9,451 | -€1,098 | -10.4% |
| Profit (loss) for the period to be appropriated | 9905 | €10,549 | €9,451 | -€1,098 | -10.4% |
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 14 October 2026 via checked.be.