Daniel DELIEN: 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.
Daniel DELIEN
Largest movements
- Tangible fixed assets -€2,609
down €2,609 (-40.8%), from €6,390 to €3,781
of which Plant, machinery and equipment: -€2,044
- Cash +€2,225
up €2,225 (+9.5%), from €23,401 to €25,627
mainly Other debts (+€19,610) and Trade debts (+€3,501)
- Receivables within one year -€1,530
down €1,530 (-8.6%), from €17,863 to €16,333
of which Trade receivables: -€1,668
- Other debts +€19,610
up €19,610 (+156%), from €12,547 to €32,157
- Contributions -€18,600
down €18,600 (-100%), from €18,600 to €0
of which Contributions outside capital: -€18,600
- Reserves -€6,200
down €6,200 (-29.6%), from €20,960 to €14,760
of which Distributable reserves: -€6,200
- Trade debts +€3,501
up €3,501 (+2,385%), from €147 to €3,648
- Turnover -€47,261
no longer reported in 2025 (was €47,261)
- Gross operating margin -€1,739
down €1,739 (-25.0%), from €6,945 to €5,207
- Depreciation -€798
down €798 (-20.4%), from €3,920 to €3,122
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 | €48,548 | €46,809 | -€1,739 | -3.6% |
| Fixed assets | 21/28 | €6,390 | €3,781 | -€2,609 | -40.8% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €6,390 | €3,781 | -€2,609 | -40.8% |
| Plant, machinery and equipment | 23 | €2,790 | €746 | -€2,044 | -73.3% |
| Furniture and vehicles | 24 | €2,165 | €1,810 | -€355 | -16.4% |
| Other tangible fixed assets | 26 | €1,435 | €1,225 | -€210 | -14.6% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €42,158 | €43,028 | +€870 | +2.1% |
| Amounts receivable within one year | 40/41 | €17,863 | €16,333 | -€1,530 | -8.6% |
| Trade receivables | 40 | €16,689 | €15,021 | -€1,668 | -10.0% |
| Other amounts receivable | 41 | €1,174 | €1,312 | +€138 | +11.7% |
| Cash at bank and in hand | 54/58 | €23,401 | €25,627 | +€2,225 | +9.5% |
| Deferred charges and accrued income | 490/1 | €894 | €1,069 | +€175 | +19.6% |
| Total equity and liabilities | 10/49 | €48,548 | €46,809 | -€1,739 | -3.6% |
| Equity | 10/15 | €35,666 | €10,934 | -€24,732 | -69.3% |
| Contributions | 10/11 | €18,600 | €0 | -€18,600 | -100% |
| Capital | 10 | €0 | - | = | |
| Issued capital | 100 | €0 | - | = | |
| Contributions outside capital | 11 | €18,600 | - | -€18,600 | |
| Other | 1109/19 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €20,960 | €14,760 | -€6,200 | -29.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Legal reserve | 130 | €0 | - | = | |
| Distributable reserves | 133 | €20,960 | €14,760 | -€6,200 | -29.6% |
| Profit (loss) carried forward | 14 | -€3,894 | -€3,826 | +€68 | +1.7% |
| Amounts payable | 17/49 | €12,881 | €35,875 | +€22,993 | +178% |
| Amounts payable within one year | 42/48 | €12,881 | €35,875 | +€22,993 | +178% |
| Trade debts | 44 | €147 | €3,648 | +€3,501 | +2,385% |
| Suppliers | 440/4 | €147 | €3,648 | +€3,501 | +2,385% |
| Taxes, remuneration and social security | 45 | €188 | €70 | -€118 | -62.7% |
| Taxes | 450/3 | €188 | €70 | -€118 | -62.7% |
| Other amounts payable | 47/48 | €12,547 | €32,157 | +€19,610 | +156% |
| Turnover | 70 | €47,261 | - | -€47,261 | |
| Non-recurring operating income | 76A | €7,240 | - | -€7,240 | |
| Goods, raw materials, services and sundry goods | 60/61 | €47,719 | €48,133 | +€414 | +0.9% |
| Remuneration, social security and pensions | 62 | - | €39 | +€39 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,920 | €3,122 | -€798 | -20.4% |
| Other operating charges | 640/8 | - | €3 | +€3 | |
| Non-recurring operating charges | 66A | €124 | - | -€124 | |
| Gross operating margin | 9900 | €6,945 | €5,207 | -€1,739 | -25.0% |
| Operating profit (loss) | 9901 | €2,901 | €2,043 | -€858 | -29.6% |
| Financial income | 75/76B | €56 | €103 | +€46 | +82.2% |
| Recurring financial income | 75 | €56 | €103 | +€46 | +82.2% |
| Financial charges | 65/66B | €1,171 | €909 | -€262 | -22.4% |
| Recurring financial charges | 65 | €1,171 | €909 | -€262 | -22.4% |
| Profit (loss) for the period before taxes | 9903 | €1,787 | €1,237 | -€550 | -30.8% |
| Income taxes | 67/77 | €350 | €269 | -€81 | -23.0% |
| Profit (loss) for the period | 9904 | €1,437 | €968 | -€469 | -32.6% |
| Profit (loss) for the period to be appropriated | 9905 | €1,437 | €968 | -€469 | -32.6% |
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 22 October 2026 via checked.be.