DEL MANAGEMENT ASSISTANCE: what changed
What changed
DEL MANAGEMENT ASSISTANCE
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
-€48,906
2024 · -€73,929+€25,023
Equity
€681,516
2024 · €730,422-€48,906
Cash
€27,691
2024 · €21,644+€6,047
Balance sheet total
€1.1m
2024 · €1.2m-€97,779
Largest movements
Assets
- Current investments -€65,459
down €65,459 (-22.6%), from €289,703 to €224,244
- Tangible fixed assets -€42,191
down €42,191 (-4.7%), from €891,353 to €849,163
of which Land and buildings: -€32,643
Equity and liabilities
- Profit (loss) carried forward -€46,981
down €46,981 (-68.7%), from -€68,344 to -€115,325
- Other debts -€42,163
down €42,163 (-9.3%), from €451,854 to €409,691
Income statement
- Gross operating margin +€14,784
up €14,784, from -€2,464 to €12,319
- Financial income +€10,717
up €10,717 (+148%), from €7,249 to €17,966
- Other operating charges +€403
up €403 (+8.2%), from €4,912 to €5,315
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€73,929
Gross operating margin
+€14,784
Depreciation
+€19
Other operating charges
-€403
Financial income
+€10,717
Financial charges
-€83
Taxes
-€9
Result 2025
-€48,906
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€56,250
Investment
+€62,297
Financing
€0
Cash 2024
€21,644
From operations (derived)
-€56,250
Net result for the year
-€48,906
Depreciation
+€45,352
Receivables within one year
-€3,821
Smaller working-capital items
+€75
Provisions
-€481
Trade debts
-€3,309
Tax, wage and social debts
-€2,997
Other debts
-€42,163
Investment (derived)
+€62,297
Investment in fixed assets (net)
-€3,162
Current investments
+€65,459
Cash 2025
€27,691
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,210,975 | €1,113,196 | -€97,779 | -8.1% |
| Fixed assets | 21/28 | €891,353 | €849,163 | -€42,191 | -4.7% |
| Tangible fixed assets | 22/27 | €891,353 | €849,163 | -€42,191 | -4.7% |
| Land and buildings | 22 | €864,688 | €832,045 | -€32,643 | -3.8% |
| Furniture and vehicles | 24 | €26,666 | €17,118 | -€9,548 | -35.8% |
| Current assets | 29/58 | €319,622 | €264,033 | -€55,589 | -17.4% |
| Amounts receivable within one year | 40/41 | €6,343 | €10,164 | +€3,821 | +60.2% |
| Trade receivables | 40 | €4,337 | €4,886 | +€549 | +12.7% |
| Other amounts receivable | 41 | €2,006 | €5,278 | +€3,272 | +163% |
| Current investments | 50/53 | €289,703 | €224,244 | -€65,459 | -22.6% |
| Cash at bank and in hand | 54/58 | €21,644 | €27,691 | +€6,047 | +27.9% |
| Deferred charges and accrued income | 490/1 | €1,932 | €1,934 | +€2 | +0.1% |
| Total equity and liabilities | 10/49 | €1,210,975 | €1,113,196 | -€97,779 | -8.1% |
| Equity | 10/15 | €730,422 | €681,516 | -€48,906 | -6.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €780,166 | €778,241 | -€1,924 | -0.2% |
| Tax-exempt reserves | 132 | €41,909 | €39,985 | -€1,924 | -4.6% |
| Distributable reserves | 133 | €738,256 | €738,256 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€68,344 | -€115,325 | -€46,981 | -68.7% |
| Provisions and deferred taxes | 16 | €10,477 | €9,996 | -€481 | -4.6% |
| Deferred taxes | 168 | €10,477 | €9,996 | -€481 | -4.6% |
| Amounts payable | 17/49 | €470,076 | €421,683 | -€48,392 | -10.3% |
| Amounts payable within one year | 42/48 | €467,223 | €418,754 | -€48,469 | -10.4% |
| Trade debts | 44 | €3,656 | €346 | -€3,309 | -90.5% |
| Suppliers | 440/4 | €3,656 | €346 | -€3,309 | -90.5% |
| Taxes, remuneration and social security | 45 | €11,714 | €8,717 | -€2,997 | -25.6% |
| Taxes | 450/3 | €11,714 | €8,717 | -€2,997 | -25.6% |
| Other amounts payable | 47/48 | €451,854 | €409,691 | -€42,163 | -9.3% |
| Accrued charges and deferred income | 492/3 | €2,853 | €2,929 | +€77 | +2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,371 | €45,352 | -€19 | 0.0% |
| Other operating charges | 640/8 | €4,912 | €5,315 | +€403 | +8.2% |
| Gross operating margin | 9900 | -€2,464 | €12,319 | +€14,784 | |
| Operating profit (loss) | 9901 | -€52,747 | -€38,347 | +€14,399 | +27.3% |
| Financial income | 75/76B | €7,249 | €17,966 | +€10,717 | +148% |
| Recurring financial income | 75 | €7,249 | €17,966 | +€10,717 | +148% |
| Financial charges | 65/66B | €28,766 | €28,849 | +€83 | +0.3% |
| Recurring financial charges | 65 | €28,766 | €28,849 | +€83 | +0.3% |
| Profit (loss) for the period before taxes | 9903 | -€74,264 | -€49,231 | +€25,033 | +33.7% |
| Transfer from deferred taxes | 780 | €481 | €481 | = | 0.0% |
| Income taxes | 67/77 | €146 | €156 | +€9 | +6.4% |
| Profit (loss) for the period | 9904 | -€73,929 | -€48,906 | +€25,023 | +33.8% |
| Transfer from tax-exempt reserves | 789 | €1,924 | €1,924 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€72,005 | -€46,981 | +€25,023 | +34.8% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.