D. Delanghe: 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.
D. Delanghe
Largest movements
- Cash -€14,854
down €14,854 (-50.6%), from €29,380 to €14,526
mainly Investment in fixed assets (net) (-€16,554) and Other debts (-€6,806)
- Deferred charges and accrued income +€5,929
up €5,929 (+119.9%), from €4,943 to €10,872
- Tangible fixed assets +€2,823
up €2,823 (+10.5%), from €26,955 to €29,778
of which Plant, machinery and equipment: +€5,422
- Receivables within one year -€1,826
down €1,826 (-9.4%), from €19,452 to €17,626
of which Other amounts receivable: -€3,596
- Other debts -€6,806
down €6,806 (-43.6%), from €15,606 to €8,799
- Trade debts -€5,173
down €5,173 (-69.7%), from €7,425 to €2,252
- Tax, wage and social debts +€2,229
up €2,229 (+16.7%), from €13,309 to €15,537
- Reserves +€1,803
up €1,803 (+4.7%), from €38,360 to €40,163
- Purchases and services -€166,943
no longer reported in 2025 (was €166,943)
- Gross operating margin -€44,283
down €44,283 (-70.2%), from €63,104 to €18,821
- Taxes -€12,730
down €12,730 (-95.7%), from €13,309 to €579
- Depreciation +€6,913
up €6,913 (+101.4%), from €6,818 to €13,731
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.
Cash bridge derived
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 | €80,730 | €72,802 | -€7,928 | -9.8% |
| Fixed assets | 21/28 | €26,955 | €29,778 | +€2,823 | +10.5% |
| Tangible fixed assets | 22/27 | €26,955 | €29,778 | +€2,823 | +10.5% |
| Land and buildings | 22 | €3,771 | €2,801 | -€969 | -25.7% |
| Plant, machinery and equipment | 23 | €19,529 | €24,951 | +€5,422 | +27.8% |
| Furniture and vehicles | 24 | €3,655 | €2,026 | -€1,629 | -44.6% |
| Current assets | 29/58 | €53,776 | €43,025 | -€10,751 | -20.0% |
| Amounts receivable within one year | 40/41 | €19,452 | €17,626 | -€1,826 | -9.4% |
| Trade receivables | 40 | €13,124 | €14,894 | +€1,770 | +13.5% |
| Other amounts receivable | 41 | €6,328 | €2,731 | -€3,596 | -56.8% |
| Cash at bank and in hand | 54/58 | €29,380 | €14,526 | -€14,854 | -50.6% |
| Deferred charges and accrued income | 490/1 | €4,943 | €10,872 | +€5,929 | +119.9% |
| Total equity and liabilities | 10/49 | €80,730 | €72,802 | -€7,928 | -9.8% |
| Equity | 10/15 | €43,360 | €45,163 | +€1,803 | +4.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €38,360 | €40,163 | +€1,803 | +4.7% |
| Distributable reserves | 133 | €38,360 | €40,163 | +€1,803 | +4.7% |
| Amounts payable | 17/49 | €37,370 | €27,639 | -€9,731 | -26.0% |
| Amounts payable within one year | 42/48 | €36,340 | €26,589 | -€9,751 | -26.8% |
| Trade debts | 44 | €7,425 | €2,252 | -€5,173 | -69.7% |
| Suppliers | 440/4 | €7,425 | €2,252 | -€5,173 | -69.7% |
| Taxes, remuneration and social security | 45 | €13,309 | €15,537 | +€2,229 | +16.7% |
| Taxes | 450/3 | €13,309 | €15,537 | +€2,229 | +16.7% |
| Other amounts payable | 47/48 | €15,606 | €8,799 | -€6,806 | -43.6% |
| Accrued charges and deferred income | 492/3 | €1,030 | €1,050 | +€20 | +1.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €166,943 | - | -€166,943 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,818 | €13,731 | +€6,913 | +101.4% |
| Other operating charges | 640/8 | €1,043 | €847 | -€195 | -18.7% |
| Gross operating margin | 9900 | €63,104 | €18,821 | -€44,283 | -70.2% |
| Operating profit (loss) | 9901 | €55,243 | €4,243 | -€51,000 | -92.3% |
| Financial income | 75/76B | €74 | €235 | +€161 | +218.5% |
| Recurring financial income | 75 | €74 | €235 | +€161 | +218.5% |
| Financial charges | 65/66B | €1,930 | €2,096 | +€166 | +8.6% |
| Recurring financial charges | 65 | €1,930 | €2,096 | +€166 | +8.6% |
| Profit (loss) for the period before taxes | 9903 | €53,387 | €2,382 | -€51,006 | -95.5% |
| Income taxes | 67/77 | €13,309 | €579 | -€12,730 | -95.7% |
| Profit (loss) for the period | 9904 | €40,078 | €1,803 | -€38,276 | -95.5% |
| Profit (loss) for the period to be appropriated | 9905 | €40,078 | €1,803 | -€38,276 | -95.5% |
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 10 October 2026 via checked.be.