B. Delorge: what changed
Two fiscal 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.
B. Delorge
Largest movements
- Tangible fixed assets -€40,820
down €40,820 (-26.3%), from €155,448 to €114,628
of which Leasing and similar rights: -€30,236
- Cash +€10,151
up €10,151 (+63.1%), from €16,079 to €26,230
mainly Depreciation (+€40,820) and Trade debts (+€3,094)
- Debts after one year -€36,854
down €36,854 (-36.4%), from €101,170 to €64,316
- Trade debts +€3,094
up €3,094 (+30.9%), from €10,005 to €13,099
- Gross operating margin -€55,973
down €55,973 (-44.5%), from €125,782 to €69,809
- Other operating charges -€13,195
down €13,195 (-41.0%), from €32,185 to €18,989
- Depreciation -€8,758
down €8,758 (-17.7%), from €49,578 to €40,820
- Financial charges -€4,072
down €4,072 (-35.6%), from €11,453 to €7,382
- Taxes -€3,462
down €3,462 (-77.5%), from €4,467 to €1,005
From the 2025 result to the 2026 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.
Cash bridge derived
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €214,650 | €184,812 | -€29,838 | -13.9% |
| Fixed assets | 21/28 | €155,598 | €114,778 | -€40,820 | -26.2% |
| Tangible fixed assets | 22/27 | €155,448 | €114,628 | -€40,820 | -26.3% |
| Furniture and vehicles | 24 | €48,670 | €38,086 | -€10,584 | -21.7% |
| Leasing and similar rights | 25 | €106,778 | €76,542 | -€30,236 | -28.3% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €59,052 | €70,034 | +€10,982 | +18.6% |
| Amounts receivable within one year | 40/41 | €41,684 | €40,794 | -€891 | -2.1% |
| Trade receivables | 40 | €36,159 | €40,657 | +€4,498 | +12.4% |
| Other amounts receivable | 41 | €5,525 | €136 | -€5,389 | -97.5% |
| Cash at bank and in hand | 54/58 | €16,079 | €26,230 | +€10,151 | +63.1% |
| Deferred charges and accrued income | 490/1 | €1,289 | €3,010 | +€1,722 | +133.6% |
| Total equity and liabilities | 10/49 | €214,650 | €184,812 | -€29,838 | -13.9% |
| Equity | 10/15 | €33,099 | €34,712 | +€1,613 | +4.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €28,099 | €29,712 | +€1,613 | +5.7% |
| Distributable reserves | 133 | €28,099 | €29,712 | +€1,613 | +5.7% |
| Amounts payable | 17/49 | €181,551 | €150,100 | -€31,452 | -17.3% |
| Amounts payable after more than one year | 17 | €101,170 | €64,316 | -€36,854 | -36.4% |
| Financial debts | 170/4 | €101,170 | €64,316 | -€36,854 | -36.4% |
| Amounts payable within one year | 42/48 | €79,799 | €84,979 | +€5,181 | +6.5% |
| Current portion of amounts payable after more than one year | 42 | €40,915 | €39,733 | -€1,182 | -2.9% |
| Trade debts | 44 | €10,005 | €13,099 | +€3,094 | +30.9% |
| Suppliers | 440/4 | €10,005 | €13,099 | +€3,094 | +30.9% |
| Taxes, remuneration and social security | 45 | €7,470 | €9,425 | +€1,954 | +26.2% |
| Taxes | 450/3 | €7,470 | €9,425 | +€1,954 | +26.2% |
| Other amounts payable | 47/48 | €21,408 | €22,722 | +€1,314 | +6.1% |
| Accrued charges and deferred income | 492/3 | €582 | €804 | +€222 | +38.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,578 | €40,820 | -€8,758 | -17.7% |
| Other operating charges | 640/8 | €32,185 | €18,989 | -€13,195 | -41.0% |
| Gross operating margin | 9900 | €125,782 | €69,809 | -€55,973 | -44.5% |
| Operating profit (loss) | 9901 | €44,020 | €10,000 | -€34,019 | -77.3% |
| Financial charges | 65/66B | €11,453 | €7,382 | -€4,072 | -35.6% |
| Recurring financial charges | 65 | €11,453 | €7,382 | -€4,072 | -35.6% |
| Profit (loss) for the period before taxes | 9903 | €32,566 | €2,619 | -€29,948 | -92.0% |
| Income taxes | 67/77 | €4,467 | €1,005 | -€3,462 | -77.5% |
| Profit (loss) for the period | 9904 | €28,099 | €1,613 | -€26,485 | -94.3% |
| Profit (loss) for the period to be appropriated | 9905 | €28,099 | €1,613 | -€26,485 | -94.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.