C. DELENS: 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.
C. DELENS
Largest movements
- Cash -€12,572
down €12,572 (-56.5%), from €22,258 to €9,686
mainly Other debts (-€6,526) and Debts after one year (-€2,975)
- Tangible fixed assets +€1,263
up €1,263 (+1.4%), from €89,772 to €91,035
of which Plant, machinery and equipment: +€925
- Other debts -€6,526
down €6,526 (-47.0%), from €13,872 to €7,347
- Debts after one year -€2,975
down €2,975 (-100%), from €2,975 to €0
- Reserves -€2,248
down €2,248 (-6.8%), from €33,288 to €31,041
of which Distributable reserves: -€2,248
- Profit (loss) carried forward +€1,896
up €1,896, from -€1,896 to €0
- Trade debts -€1,390
down €1,390 (-61.9%), from €2,245 to €854
- Depreciation +€1,010
up €1,010 (+188%), from €536 to €1,546
- Financial charges -€853
down €853 (-68.2%), from €1,251 to €398
- Gross operating margin +€405
up €405 (+6.9%), from €5,893 to €6,297
- Other operating charges +€105
up €105 (+2.3%), from €4,600 to €4,705
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 | €113,074 | €100,986 | -€12,088 | -10.7% |
| Fixed assets | 21/28 | €90,553 | €91,035 | +€482 | +0.5% |
| Tangible fixed assets | 22/27 | €89,772 | €91,035 | +€1,263 | +1.4% |
| Land and buildings | 22 | €89,104 | €89,650 | +€546 | +0.6% |
| Plant, machinery and equipment | 23 | - | €925 | +€925 | |
| Furniture and vehicles | 24 | €669 | €460 | -€209 | -31.2% |
| Financial fixed assets | 28 | €781 | €0 | -€781 | -100% |
| Current assets | 29/58 | €22,521 | €9,951 | -€12,570 | -55.8% |
| Cash at bank and in hand | 54/58 | €22,258 | €9,686 | -€12,572 | -56.5% |
| Deferred charges and accrued income | 490/1 | €262 | €264 | +€2 | +0.8% |
| Total equity and liabilities | 10/49 | €113,074 | €100,986 | -€12,088 | -10.7% |
| Equity | 10/15 | €92,892 | €92,541 | -€352 | -0.4% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €33,288 | €31,041 | -€2,248 | -6.8% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €27,138 | €24,891 | -€2,248 | -8.3% |
| Profit (loss) carried forward | 14 | -€1,896 | €0 | +€1,896 | |
| Amounts payable | 17/49 | €20,181 | €8,445 | -€11,736 | -58.2% |
| Amounts payable after more than one year | 17 | €2,975 | €0 | -€2,975 | -100% |
| Other amounts payable | 178/9 | €2,975 | €0 | -€2,975 | -100% |
| Amounts payable within one year | 42/48 | €16,117 | €8,201 | -€7,916 | -49.1% |
| Trade debts | 44 | €2,245 | €854 | -€1,390 | -61.9% |
| Suppliers | 440/4 | €2,245 | €854 | -€1,390 | -61.9% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €13,872 | €7,347 | -€6,526 | -47.0% |
| Accrued charges and deferred income | 492/3 | €1,090 | €244 | -€845 | -77.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €536 | €1,546 | +€1,010 | +188% |
| Other operating charges | 640/8 | €4,600 | €4,705 | +€105 | +2.3% |
| Gross operating margin | 9900 | €5,893 | €6,297 | +€405 | +6.9% |
| Operating profit (loss) | 9901 | €756 | €46 | -€710 | -93.9% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €1,251 | €398 | -€853 | -68.2% |
| Recurring financial charges | 65 | €1,251 | €398 | -€853 | -68.2% |
| Profit (loss) for the period before taxes | 9903 | -€495 | -€352 | +€143 | +28.9% |
| Profit (loss) for the period | 9904 | -€495 | -€352 | +€143 | +28.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€495 | -€352 | +€143 | +28.9% |
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.