Del-Management: 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.
Del-Management
Largest movements
- Receivables within one year -€7,058
down €7,058 (-18.7%), from €37,746 to €30,688
- Tangible fixed assets +€6,982
up €6,982 (+134%), from €5,201 to €12,183
of which Furniture and vehicles: +€7,645
- Deferred charges and accrued income -€3,848
down €3,848 (-24.5%), from €15,732 to €11,884
- Cash +€1,756
up €1,756 (+2.3%), from €77,881 to €79,637
mainly Net result for the year (+€60,209) and Trade debts (+€8,759)
- Other debts -€24,353
down €24,353 (-31.7%), from €76,849 to €52,496
- Profit (loss) carried forward +€10,209
up €10,209 (+24.1%), from €42,388 to €52,597
- Trade debts +€8,759
up €8,759 (+310%), from €2,822 to €11,581
- Tax, wage and social debts +€3,017
up €3,017 (+30.5%), from €9,882 to €12,899
of which Remuneration and social security: +€4,473
- Gross operating margin -€6,172
down €6,172 (-7.2%), from €86,034 to €79,863
- Other operating charges -€4,927
down €4,927 (-84.1%), from €5,856 to €928
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 | €141,940 | €139,773 | -€2,167 | -1.5% |
| Fixed assets | 21/28 | €10,581 | €17,563 | +€6,982 | +66.0% |
| Tangible fixed assets | 22/27 | €5,201 | €12,183 | +€6,982 | +134% |
| Plant, machinery and equipment | 23 | €2,674 | €2,011 | -€663 | -24.8% |
| Furniture and vehicles | 24 | €2,527 | €10,172 | +€7,645 | +302% |
| Financial fixed assets | 28 | €5,380 | €5,380 | = | 0.0% |
| Current assets | 29/58 | €131,359 | €122,210 | -€9,150 | -7.0% |
| Amounts receivable within one year | 40/41 | €37,746 | €30,688 | -€7,058 | -18.7% |
| Trade receivables | 40 | €37,746 | €30,688 | -€7,058 | -18.7% |
| Cash at bank and in hand | 54/58 | €77,881 | €79,637 | +€1,756 | +2.3% |
| Deferred charges and accrued income | 490/1 | €15,732 | €11,884 | -€3,848 | -24.5% |
| Total equity and liabilities | 10/49 | €141,940 | €139,773 | -€2,167 | -1.5% |
| Equity | 10/15 | €52,388 | €62,597 | +€10,209 | +19.5% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €42,388 | €52,597 | +€10,209 | +24.1% |
| Amounts payable | 17/49 | €89,553 | €77,176 | -€12,376 | -13.8% |
| Amounts payable within one year | 42/48 | €89,553 | €76,975 | -€12,577 | -14.0% |
| Trade debts | 44 | €2,822 | €11,581 | +€8,759 | +310% |
| Suppliers | 440/4 | €2,822 | €11,581 | +€8,759 | +310% |
| Taxes, remuneration and social security | 45 | €9,882 | €12,899 | +€3,017 | +30.5% |
| Taxes | 450/3 | €9,882 | €8,426 | -€1,456 | -14.7% |
| Remuneration and social security | 454/9 | - | €4,473 | +€4,473 | |
| Other amounts payable | 47/48 | €76,849 | €52,496 | -€24,353 | -31.7% |
| Accrued charges and deferred income | 492/3 | - | €201 | +€201 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,309 | €2,318 | +€9 | +0.4% |
| Other operating charges | 640/8 | €5,856 | €928 | -€4,927 | -84.1% |
| Gross operating margin | 9900 | €86,034 | €79,863 | -€6,172 | -7.2% |
| Operating profit (loss) | 9901 | €77,870 | €76,617 | -€1,253 | -1.6% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €726 | €150 | -€576 | -79.3% |
| Recurring financial charges | 65 | €726 | €150 | -€576 | -79.3% |
| Profit (loss) for the period before taxes | 9903 | €77,144 | €76,467 | -€677 | -0.9% |
| Income taxes | 67/77 | €15,783 | €16,258 | +€475 | +3.0% |
| Profit (loss) for the period | 9904 | €61,361 | €60,209 | -€1,152 | -1.9% |
| Profit (loss) for the period to be appropriated | 9905 | €61,361 | €60,209 | -€1,152 | -1.9% |
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.