DEL SERVICES: 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 SERVICES
Largest movements
- Financial fixed assets +€105,328
up €105,328 (+1269.0%), from €8,300 to €113,628
- Receivables within one year -€79,363
down €79,363 (-35.3%), from €225,057 to €145,694
of which Other amounts receivable: -€103,356
- Stocks and contracts -€61,160
down €61,160 (-17.9%), from €341,141 to €279,981
- Cash -€20,960
down €20,960 (-14.5%), from €144,264 to €123,304
mainly Investment in fixed assets (net) (-€105,328) and Trade debts (-€88,141)
- Deferred charges and accrued income +€8,632
up €8,632 (+106.9%), from €8,074 to €16,706
- Trade debts -€88,141
down €88,141 (-17.1%), from €514,802 to €426,661
- Profit (loss) carried forward +€66,085
up €66,085 (+11.0%), from -€598,068 to -€531,982
- Debts after one year -€17,078
down €17,078 (-2.7%), from €623,579 to €606,500
- Other debts -€16,776
down €16,776 (-52.6%), from €31,865 to €15,089
- Tax, wage and social debts +€7,467
up €7,467 (+9.0%), from €82,997 to €90,463
of which Remuneration and social security: +€8,376
- Turnover +€1.9m
up €1.9m (+8.4%), from €22.7m to €24.6m
- Purchases and services +€1.9m
up €1.9m (+8.6%), from €21.8m to €23.7m
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 | €728,826 | €680,363 | -€48,463 | -6.6% |
| Fixed assets | 21/28 | €10,291 | €114,678 | +€104,388 | +1014.4% |
| Intangible fixed assets | 21 | €244 | - | -€244 | |
| Tangible fixed assets | 22/27 | €1,746 | €1,050 | -€696 | -39.9% |
| Plant, machinery and equipment | 23 | €1,746 | €1,050 | -€696 | -39.9% |
| Financial fixed assets | 28 | €8,300 | €113,628 | +€105,328 | +1269.0% |
| Current assets | 29/58 | €718,536 | €565,685 | -€152,851 | -21.3% |
| Stocks and contracts in progress | 3 | €341,141 | €279,981 | -€61,160 | -17.9% |
| Stocks | 30/36 | €341,141 | €279,981 | -€61,160 | -17.9% |
| Amounts receivable within one year | 40/41 | €225,057 | €145,694 | -€79,363 | -35.3% |
| Trade receivables | 40 | €103,493 | €127,487 | +€23,993 | +23.2% |
| Other amounts receivable | 41 | €121,563 | €18,207 | -€103,356 | -85.0% |
| Cash at bank and in hand | 54/58 | €144,264 | €123,304 | -€20,960 | -14.5% |
| Deferred charges and accrued income | 490/1 | €8,074 | €16,706 | +€8,632 | +106.9% |
| Total equity and liabilities | 10/49 | €728,826 | €680,363 | -€48,463 | -6.6% |
| Equity | 10/15 | -€538,856 | -€472,771 | +€66,085 | +12.3% |
| Contributions | 10/11 | €17,353 | €17,353 | = | 0.0% |
| Reserves | 13 | €41,859 | €41,859 | = | 0.0% |
| Distributable reserves | 133 | €41,859 | €41,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€598,068 | -€531,982 | +€66,085 | +11.0% |
| Amounts payable | 17/49 | €1,267,682 | €1,153,134 | -€114,549 | -9.0% |
| Amounts payable after more than one year | 17 | €623,579 | €606,500 | -€17,078 | -2.7% |
| Other amounts payable | 178/9 | €623,579 | €606,500 | -€17,078 | -2.7% |
| Amounts payable within one year | 42/48 | €644,103 | €546,633 | -€97,470 | -15.1% |
| Current portion of amounts payable after more than one year | 42 | €14,440 | €14,421 | -€19 | -0.1% |
| Trade debts | 44 | €514,802 | €426,661 | -€88,141 | -17.1% |
| Suppliers | 440/4 | €514,802 | €426,661 | -€88,141 | -17.1% |
| Taxes, remuneration and social security | 45 | €82,997 | €90,463 | +€7,467 | +9.0% |
| Taxes | 450/3 | €1,646 | €736 | -€910 | -55.3% |
| Remuneration and social security | 454/9 | €81,351 | €89,727 | +€8,376 | +10.3% |
| Other amounts payable | 47/48 | €31,865 | €15,089 | -€16,776 | -52.6% |
| Turnover | 70 | €22,703,979 | €24,622,185 | +€1.9m | +8.4% |
| Non-recurring operating income | 76A | €48,755 | - | -€48,755 | |
| Goods, raw materials, services and sundry goods | 60/61 | €21,819,679 | €23,686,314 | +€1.9m | +8.6% |
| Remuneration, social security and pensions | 62 | €814,552 | €829,554 | +€15,002 | +1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,288 | €940 | -€347 | -27.0% |
| Other operating charges | 640/8 | €7,097 | €8,079 | +€982 | +13.8% |
| Non-recurring operating charges | 66A | - | €61,221 | +€61,221 | |
| Gross operating margin | 9900 | €952,118 | €988,703 | +€36,585 | +3.8% |
| Operating profit (loss) | 9901 | €129,181 | €88,908 | -€40,273 | -31.2% |
| Financial income | 75/76B | €8,140 | €7,919 | -€221 | -2.7% |
| Recurring financial income | 75 | €8,140 | €7,919 | -€221 | -2.7% |
| Financial charges | 65/66B | €38,655 | €30,092 | -€8,563 | -22.2% |
| Recurring financial charges | 65 | €38,655 | €30,092 | -€8,563 | -22.2% |
| Profit (loss) for the period before taxes | 9903 | €98,666 | €66,735 | -€31,931 | -32.4% |
| Income taxes | 67/77 | €776 | €649 | -€127 | -16.3% |
| Profit (loss) for the period | 9904 | €97,890 | €66,085 | -€31,804 | -32.5% |
| Profit (loss) for the period to be appropriated | 9905 | €97,890 | €66,085 | -€31,804 | -32.5% |
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 10 October 2026 via checked.be.