BUREAU DELVALLEE: what changed
BUREAU DELVALLEE
Largest movements
- Intangible fixed assets -€50,000
down €50,000 (-74.2%), from €67,397 to €17,397
- Current investments +€39,912
up €39,912 (+99.8%), from €39,999 to €79,911
- Cash -€39,181
down €39,181 (-21.3%), from €183,716 to €144,535
mainly Contributions, distributions and other (-€50,000) and Trade debts (-€41,538)
- Tangible fixed assets -€20,086
down €20,086 (-15.7%), from €127,762 to €107,676
of which Furniture and vehicles: -€14,802
- Receivables within one year -€10,474
down €10,474 (-29.5%), from €35,534 to €25,061
of which Trade receivables: -€10,424
- Other debts +€48,440
up €48,440 (+60.0%), from €80,758 to €129,198
- Trade debts -€41,538
down €41,538 (-53.8%), from €77,205 to €35,667
- Profit (loss) carried forward -€33,748
down €33,748 (-40.4%), from €83,479 to €49,731
- Debts after one year -€25,474
down €25,474 (-22.3%), from €113,993 to €88,518
- Tax, wage and social debts -€16,908
down €16,908 (-36.0%), from €46,973 to €30,065
of which Taxes: -€9,531
- Gross operating margin -€118,289
down €118,289 (-26.0%), from €454,272 to €335,983
- Staff costs -€55,607
down €55,607 (-19.3%), from €287,863 to €232,256
- Taxes -€7,860
down €7,860 (-50.3%), from €15,640 to €7,780
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €454,928 | €378,370 | -€76,558 | -16.8% |
| Fixed assets | 21/28 | €195,159 | €125,073 | -€70,086 | -35.9% |
| Intangible fixed assets | 21 | €67,397 | €17,397 | -€50,000 | -74.2% |
| Tangible fixed assets | 22/27 | €127,762 | €107,676 | -€20,086 | -15.7% |
| Land and buildings | 22 | €7,631 | €9,056 | +€1,425 | +18.7% |
| Plant, machinery and equipment | 23 | €32,988 | €33,230 | +€242 | +0.7% |
| Furniture and vehicles | 24 | €42,280 | €27,477 | -€14,802 | -35.0% |
| Other tangible fixed assets | 26 | €44,864 | €37,913 | -€6,951 | -15.5% |
| Current assets | 29/58 | €259,769 | €253,296 | -€6,472 | -2.5% |
| Amounts receivable within one year | 40/41 | €35,534 | €25,061 | -€10,474 | -29.5% |
| Trade receivables | 40 | €35,448 | €25,025 | -€10,424 | -29.4% |
| Other amounts receivable | 41 | €86 | €36 | -€50 | -58.2% |
| Current investments | 50/53 | €39,999 | €79,911 | +€39,912 | +99.8% |
| Cash at bank and in hand | 54/58 | €183,716 | €144,535 | -€39,181 | -21.3% |
| Deferred charges and accrued income | 490/1 | €519 | €3,790 | +€3,270 | +630% |
| Total equity and liabilities | 10/49 | €454,928 | €378,370 | -€76,558 | -16.8% |
| Equity | 10/15 | €84,479 | €50,731 | -€33,748 | -39.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Contributions outside capital | 11 | €1,000 | - | -€1,000 | |
| Other | 1109/19 | €1,000 | - | -€1,000 | |
| Profit (loss) carried forward | 14 | €83,479 | €49,731 | -€33,748 | -40.4% |
| Amounts payable | 17/49 | €370,449 | €327,639 | -€42,810 | -11.6% |
| Amounts payable after more than one year | 17 | €113,993 | €88,518 | -€25,474 | -22.3% |
| Financial debts | 170/4 | €113,993 | €88,518 | -€25,474 | -22.3% |
| Amounts payable within one year | 42/48 | €254,006 | €239,120 | -€14,886 | -5.9% |
| Current portion of amounts payable after more than one year | 42 | €49,070 | €44,190 | -€4,880 | -9.9% |
| Trade debts | 44 | €77,205 | €35,667 | -€41,538 | -53.8% |
| Suppliers | 440/4 | €77,205 | €35,667 | -€41,538 | -53.8% |
| Taxes, remuneration and social security | 45 | €46,973 | €30,065 | -€16,908 | -36.0% |
| Taxes | 450/3 | €17,125 | €7,595 | -€9,531 | -55.7% |
| Remuneration and social security | 454/9 | €29,848 | €22,470 | -€7,377 | -24.7% |
| Other amounts payable | 47/48 | €80,758 | €129,198 | +€48,440 | +60.0% |
| Accrued charges and deferred income | 492/3 | €2,450 | - | -€2,450 | |
| Remuneration, social security and pensions | 62 | €287,863 | €232,256 | -€55,607 | -19.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €79,906 | €76,340 | -€3,565 | -4.5% |
| Other operating charges | 640/8 | €428 | €1,641 | +€1,213 | +283% |
| Non-recurring operating charges | 66A | €74 | €85 | +€11 | +15.3% |
| Gross operating margin | 9900 | €454,272 | €335,983 | -€118,289 | -26.0% |
| Operating profit (loss) | 9901 | €86,001 | €25,660 | -€60,341 | -70.2% |
| Financial income | 75/76B | €2,780 | €3,466 | +€686 | +24.7% |
| Recurring financial income | 75 | €2,780 | €3,466 | +€686 | +24.7% |
| Financial charges | 65/66B | €5,492 | €5,093 | -€399 | -7.3% |
| Recurring financial charges | 65 | €5,492 | €5,093 | -€399 | -7.3% |
| Profit (loss) for the period before taxes | 9903 | €83,289 | €24,032 | -€59,256 | -71.1% |
| Income taxes | 67/77 | €15,640 | €7,780 | -€7,860 | -50.3% |
| Profit (loss) for the period | 9904 | €67,649 | €16,252 | -€51,396 | -76.0% |
| Profit (loss) for the period to be appropriated | 9905 | €67,649 | €16,252 | -€51,396 | -76.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.