De Lelie: 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.
De Lelie
Largest movements
- Cash -€30,441
down €30,441 (-51.9%), from €58,605 to €28,164
mainly Investment in fixed assets (net) (-€38,986) and Other debts (-€12,341)
- Tangible fixed assets +€26,053
up €26,053 (+59.8%), from €43,546 to €69,599
of which Land and buildings: +€27,984
- Current investments +€5,132
up €5,132 (+20.5%), from €25,055 to €30,186
- Receivables within one year +€2,221
up €2,221 (+235.2%), from €944 to €3,165
- Reserves +€16,047
up €16,047 (+26.3%), from €60,941 to €76,988
- Other debts -€12,341
down €12,341 (-72.9%), from €16,936 to €4,595
- Accrued charges and deferred income +€2,756
up €2,756 (+316.0%), from €872 to €3,628
- Trade debts -€2,112
down €2,112 (-83.6%), from €2,526 to €414
- Gross operating margin -€7,674
down €7,674 (-18.7%), from €40,949 to €33,274
- Depreciation +€1,754
up €1,754 (+15.7%), from €11,179 to €12,933
- Other operating charges -€1,542
down €1,542 (-40.2%), from €3,839 to €2,297
- Taxes -€750
down €750 (-32.6%), from €2,300 to €1,550
- Financial charges +€503
up €503 (+376.8%), from €133 to €636
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 | €137,871 | €140,973 | +€3,102 | +2.3% |
| Fixed assets | 21/28 | €43,546 | €69,599 | +€26,053 | +59.8% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €43,546 | €69,599 | +€26,053 | +59.8% |
| Land and buildings | 22 | €28,664 | €56,648 | +€27,984 | +97.6% |
| Plant, machinery and equipment | 23 | €5,345 | €7,440 | +€2,094 | +39.2% |
| Furniture and vehicles | 24 | €9,536 | €5,511 | -€4,025 | -42.2% |
| Leasing and similar rights | 25 | €0 | €0 | = | |
| Current assets | 29/58 | €94,325 | €71,374 | -€22,951 | -24.3% |
| Stocks and contracts in progress | 3 | €6,372 | €6,480 | +€108 | +1.7% |
| Stocks | 30/36 | €6,372 | €6,480 | +€108 | +1.7% |
| Amounts receivable within one year | 40/41 | €944 | €3,165 | +€2,221 | +235.2% |
| Trade receivables | 40 | €944 | €3,165 | +€2,221 | +235.2% |
| Current investments | 50/53 | €25,055 | €30,186 | +€5,132 | +20.5% |
| Cash at bank and in hand | 54/58 | €58,605 | €28,164 | -€30,441 | -51.9% |
| Deferred charges and accrued income | 490/1 | €3,349 | €3,378 | +€29 | +0.9% |
| Total equity and liabilities | 10/49 | €137,871 | €140,973 | +€3,102 | +2.3% |
| Equity | 10/15 | €112,267 | €128,314 | +€16,047 | +14.3% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €60,941 | €76,988 | +€16,047 | +26.3% |
| Distributable reserves | 133 | €60,941 | €76,988 | +€16,047 | +26.3% |
| Profit (loss) carried forward | 14 | €1,326 | €1,326 | = | 0.0% |
| Amounts payable | 17/49 | €25,604 | €12,660 | -€12,945 | -50.6% |
| Amounts payable within one year | 42/48 | €24,732 | €9,031 | -€15,701 | -63.5% |
| Trade debts | 44 | €2,526 | €414 | -€2,112 | -83.6% |
| Suppliers | 440/4 | €2,526 | €414 | -€2,112 | -83.6% |
| Taxes, remuneration and social security | 45 | €5,270 | €4,022 | -€1,248 | -23.7% |
| Taxes | 450/3 | €5,270 | €4,022 | -€1,248 | -23.7% |
| Other amounts payable | 47/48 | €16,936 | €4,595 | -€12,341 | -72.9% |
| Accrued charges and deferred income | 492/3 | €872 | €3,628 | +€2,756 | +316.0% |
| Non-recurring operating income | 76A | €247 | - | -€247 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,179 | €12,933 | +€1,754 | +15.7% |
| Other operating charges | 640/8 | €3,839 | €2,297 | -€1,542 | -40.2% |
| Non-recurring operating charges | 66A | €12 | - | -€12 | |
| Gross operating margin | 9900 | €40,949 | €33,274 | -€7,674 | -18.7% |
| Operating profit (loss) | 9901 | €25,918 | €18,044 | -€7,874 | -30.4% |
| Financial income | 75/76B | €85 | €189 | +€104 | +123.1% |
| Recurring financial income | 75 | €85 | €189 | +€104 | +123.1% |
| Financial charges | 65/66B | €133 | €636 | +€503 | +376.8% |
| Recurring financial charges | 65 | €133 | €636 | +€503 | +376.8% |
| Profit (loss) for the period before taxes | 9903 | €25,870 | €17,597 | -€8,273 | -32.0% |
| Income taxes | 67/77 | €2,300 | €1,550 | -€750 | -32.6% |
| Profit (loss) for the period | 9904 | €23,570 | €16,047 | -€7,523 | -31.9% |
| Profit (loss) for the period to be appropriated | 9905 | €23,570 | €16,047 | -€7,523 | -31.9% |
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 12 October 2026 via checked.be.