DEL Realty: 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 Realty
Largest movements
- Cash -€213,260
down €213,260 (-85.5%), from €249,570 to €36,310
mainly Other debts (-€471,770) and Receivables within one year (-€33,374)
- Tangible fixed assets -€145,805
down €145,805 (-7.7%), from €1.9m to €1.7m
- Receivables within one year +€33,374
up €33,374 (+504%), from €6,626 to €40,000
of which Other amounts receivable: +€40,000
- Other debts -€471,770
down €471,770 (-24.5%), from €1.9m to €1.5m
- Profit (loss) carried forward +€145,187
up €145,187 (+52.1%), from -€278,930 to -€133,742
- Gross operating margin -€21,225
down €21,225 (-10.8%), from €197,017 to €175,793
- Taxes -€19,941
no longer reported in 2025 (was €19,941)
- Depreciation -€5,712
down €5,712 (-18.1%), from €31,589 to €25,877
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 | €2,149,235 | €1,823,544 | -€325,691 | -15.2% |
| Fixed assets | 21/28 | €1,893,039 | €1,747,234 | -€145,805 | -7.7% |
| Tangible fixed assets | 22/27 | €1,893,039 | €1,747,234 | -€145,805 | -7.7% |
| Land and buildings | 22 | €1,893,039 | €1,747,234 | -€145,805 | -7.7% |
| Current assets | 29/58 | €256,196 | €76,310 | -€179,886 | -70.2% |
| Amounts receivable within one year | 40/41 | €6,626 | €40,000 | +€33,374 | +504% |
| Trade receivables | 40 | €6,626 | - | -€6,626 | |
| Other amounts receivable | 41 | - | €40,000 | +€40,000 | |
| Cash at bank and in hand | 54/58 | €249,570 | €36,310 | -€213,260 | -85.5% |
| Total equity and liabilities | 10/49 | €2,149,235 | €1,823,544 | -€325,691 | -15.2% |
| Equity | 10/15 | €221,070 | €366,258 | +€145,187 | +65.7% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€278,930 | -€133,742 | +€145,187 | +52.1% |
| Amounts payable | 17/49 | €1,928,165 | €1,457,287 | -€470,878 | -24.4% |
| Amounts payable within one year | 42/48 | €1,927,487 | €1,457,287 | -€470,200 | -24.4% |
| Trade debts | 44 | €2,814 | €4,385 | +€1,570 | +55.8% |
| Suppliers | 440/4 | €2,814 | €4,385 | +€1,570 | +55.8% |
| Other amounts payable | 47/48 | €1,924,672 | €1,452,902 | -€471,770 | -24.5% |
| Accrued charges and deferred income | 492/3 | €678 | - | -€678 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,589 | €25,877 | -€5,712 | -18.1% |
| Other operating charges | 640/8 | €4,451 | €4,167 | -€284 | -6.4% |
| Gross operating margin | 9900 | €197,017 | €175,793 | -€21,225 | -10.8% |
| Operating profit (loss) | 9901 | €160,977 | €145,748 | -€15,229 | -9.5% |
| Financial charges | 65/66B | €706 | €561 | -€145 | -20.6% |
| Recurring financial charges | 65 | €706 | €561 | -€145 | -20.6% |
| Profit (loss) for the period before taxes | 9903 | €160,271 | €145,187 | -€15,084 | -9.4% |
| Income taxes | 67/77 | €19,941 | - | -€19,941 | |
| Profit (loss) for the period | 9904 | €140,330 | €145,187 | +€4,857 | +3.5% |
| Profit (loss) for the period to be appropriated | 9905 | €140,330 | €145,187 | +€4,857 | +3.5% |
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 26 October 2026 via checked.be.