CONSTRUCTION DELFORGE F: 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.
CONSTRUCTION DELFORGE F
Largest movements
- Cash +€48,393
up €48,393 (+394%), from €12,276 to €60,669
mainly Net result for the year (+€26,993) and Receivables within one year (+€17,559)
- Tangible fixed assets +€18,342
up €18,342 (+417%), from €4,397 to €22,740
- Receivables within one year -€17,559
down €17,559 (-22.1%), from €79,479 to €61,920
of which Other amounts receivable: -€9,190
- Deferred charges and accrued income +€2,253
up €2,253 (+2,310%), from €98 to €2,351
- Profit (loss) carried forward +€26,993
up €26,993 (+74.9%), from €36,026 to €63,019
- Trade debts -€16,076
down €16,076 (-43.2%), from €37,173 to €21,096
- Debts after one year +€15,157
new in 2025: €15,157
- Other debts +€11,725
up €11,725 (+485%), from €2,415 to €14,140
- Tax, wage and social debts +€8,169
up €8,169 (+47.5%), from €17,189 to €25,358
of which Taxes: +€7,535
- Gross operating margin +€37,148
up €37,148 (+378%), from €9,825 to €46,973
- Depreciation +€8,386
new in 2025: €8,386
- Taxes +€6,786
up €6,786 (+563%), from €1,205 to €7,991
- Other operating charges -€3,588
down €3,588 (-65.8%), from €5,455 to €1,867
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 | €105,484 | €157,514 | +€52,030 | +49.3% |
| Fixed assets | 21/28 | €4,632 | €23,575 | +€18,942 | +409% |
| Tangible fixed assets | 22/27 | €4,397 | €22,740 | +€18,342 | +417% |
| Furniture and vehicles | 24 | €4,397 | €22,740 | +€18,342 | +417% |
| Financial fixed assets | 28 | €235 | €835 | +€600 | +255% |
| Current assets | 29/58 | €100,852 | €133,940 | +€33,088 | +32.8% |
| Amounts receivable after more than one year | 29 | €9,000 | €9,000 | = | 0.0% |
| Other amounts receivable | 291 | €9,000 | €9,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €79,479 | €61,920 | -€17,559 | -22.1% |
| Trade receivables | 40 | €65,839 | €57,470 | -€8,369 | -12.7% |
| Other amounts receivable | 41 | €13,640 | €4,450 | -€9,190 | -67.4% |
| Cash at bank and in hand | 54/58 | €12,276 | €60,669 | +€48,393 | +394% |
| Deferred charges and accrued income | 490/1 | €98 | €2,351 | +€2,253 | +2,310% |
| Total equity and liabilities | 10/49 | €105,484 | €157,514 | +€52,030 | +49.3% |
| Equity | 10/15 | €38,883 | €65,876 | +€26,993 | +69.4% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Capital | 10 | €1,500 | €1,500 | = | 0.0% |
| Issued capital | 100 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €1,358 | €1,358 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,358 | €1,358 | = | 0.0% |
| Legal reserve | 130 | €1,358 | €1,358 | = | 0.0% |
| Profit (loss) carried forward | 14 | €36,026 | €63,019 | +€26,993 | +74.9% |
| Amounts payable | 17/49 | €66,601 | €91,638 | +€25,037 | +37.6% |
| Amounts payable after more than one year | 17 | - | €15,157 | +€15,157 | |
| Financial debts | 170/4 | - | €15,157 | +€15,157 | |
| Amounts payable within one year | 42/48 | €66,601 | €76,481 | +€9,880 | +14.8% |
| Current portion of amounts payable after more than one year | 42 | €9,824 | €15,887 | +€6,063 | +61.7% |
| Trade debts | 44 | €37,173 | €21,096 | -€16,076 | -43.2% |
| Suppliers | 440/4 | €37,173 | €21,096 | -€16,076 | -43.2% |
| Taxes, remuneration and social security | 45 | €17,189 | €25,358 | +€8,169 | +47.5% |
| Taxes | 450/3 | €14,280 | €21,815 | +€7,535 | +52.8% |
| Remuneration and social security | 454/9 | €2,909 | €3,543 | +€633 | +21.8% |
| Other amounts payable | 47/48 | €2,415 | €14,140 | +€11,725 | +485% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €8,386 | +€8,386 | |
| Other operating charges | 640/8 | €5,455 | €1,867 | -€3,588 | -65.8% |
| Non-recurring operating charges | 66A | - | €802 | +€802 | |
| Gross operating margin | 9900 | €9,825 | €46,973 | +€37,148 | +378% |
| Operating profit (loss) | 9901 | €4,370 | €35,918 | +€31,548 | +722% |
| Financial income | 75/76B | - | €41 | +€41 | |
| Recurring financial income | 75 | - | €41 | +€41 | |
| Financial charges | 65/66B | €508 | €975 | +€467 | +91.9% |
| Recurring financial charges | 65 | €508 | €975 | +€467 | +91.9% |
| Profit (loss) for the period before taxes | 9903 | €3,862 | €34,984 | +€31,122 | +806% |
| Income taxes | 67/77 | €1,205 | €7,991 | +€6,786 | +563% |
| Profit (loss) for the period | 9904 | €2,657 | €26,993 | +€24,336 | +916% |
| Profit (loss) for the period to be appropriated | 9905 | €2,657 | €26,993 | +€24,336 | +916% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.