DEL'THINK: 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'THINK
Largest movements
- Cash -€9,500
down €9,500 (-95.6%), from €9,941 to €441
mainly Net result for the year (-€62,409) and Trade debts (-€1,071)
- Receivables within one year -€8,155
down €8,155 (-29.9%), from €27,252 to €19,097
- Deferred charges and accrued income -€1,015
down €1,015 (-93.7%), from €1,083 to €68
- Tangible fixed assets -€589
down €589 (-23.7%), from €2,483 to €1,894
of which Furniture and vehicles: -€339
- Profit (loss) carried forward -€62,409
down €62,409 (-134.9%), from -€46,274 to -€108,683
- Other debts +€41,517
up €41,517 (+160.6%), from €25,855 to €67,372
- Accrued charges and deferred income +€3,000
new in 2025: €3,000
- Trade debts -€1,071
down €1,071 (-7.5%), from €14,221 to €13,150
- Gross operating margin -€39,616
down €39,616 (-183.7%), from -€21,570 to -€61,186
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 | €40,759 | €21,500 | -€19,259 | -47.3% |
| Fixed assets | 21/28 | €2,483 | €1,894 | -€589 | -23.7% |
| Tangible fixed assets | 22/27 | €2,483 | €1,894 | -€589 | -23.7% |
| Furniture and vehicles | 24 | €994 | €655 | -€339 | -34.1% |
| Other tangible fixed assets | 26 | €1,489 | €1,239 | -€250 | -16.8% |
| Current assets | 29/58 | €38,276 | €19,606 | -€18,670 | -48.8% |
| Amounts receivable within one year | 40/41 | €27,252 | €19,097 | -€8,155 | -29.9% |
| Trade receivables | 40 | €27,252 | €19,097 | -€8,155 | -29.9% |
| Cash at bank and in hand | 54/58 | €9,941 | €441 | -€9,500 | -95.6% |
| Deferred charges and accrued income | 490/1 | €1,083 | €68 | -€1,015 | -93.7% |
| Total equity and liabilities | 10/49 | €40,759 | €21,500 | -€19,259 | -47.3% |
| Equity | 10/15 | -€774 | -€63,183 | -€62,409 | -8063.2% |
| Contributions | 10/11 | €45,000 | €45,000 | = | 0.0% |
| Reserves | 13 | €500 | €500 | = | 0.0% |
| Distributable reserves | 133 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€46,274 | -€108,683 | -€62,409 | -134.9% |
| Amounts payable | 17/49 | €41,533 | €84,683 | +€43,150 | +103.9% |
| Amounts payable within one year | 42/48 | €41,533 | €81,683 | +€40,150 | +96.7% |
| Trade debts | 44 | €14,221 | €13,150 | -€1,071 | -7.5% |
| Suppliers | 440/4 | €14,221 | €13,150 | -€1,071 | -7.5% |
| Taxes, remuneration and social security | 45 | €1,457 | €1,161 | -€296 | -20.3% |
| Taxes | 450/3 | €1,457 | €1,161 | -€296 | -20.3% |
| Other amounts payable | 47/48 | €25,855 | €67,372 | +€41,517 | +160.6% |
| Accrued charges and deferred income | 492/3 | - | €3,000 | +€3,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €273 | €589 | +€316 | +115.8% |
| Other operating charges | 640/8 | €387 | €400 | +€13 | +3.4% |
| Gross operating margin | 9900 | -€21,570 | -€61,186 | -€39,616 | -183.7% |
| Operating profit (loss) | 9901 | -€22,230 | -€62,175 | -€39,945 | -179.7% |
| Financial income | 75/76B | €109 | €217 | +€108 | +99.1% |
| Recurring financial income | 75 | €109 | €217 | +€108 | +99.1% |
| Financial charges | 65/66B | €569 | €451 | -€118 | -20.7% |
| Recurring financial charges | 65 | €569 | €451 | -€118 | -20.7% |
| Profit (loss) for the period before taxes | 9903 | -€22,690 | -€62,409 | -€39,719 | -175.1% |
| Profit (loss) for the period | 9904 | -€22,690 | -€62,409 | -€39,719 | -175.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€22,690 | -€62,409 | -€39,719 | -175.1% |
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 11 October 2026 via checked.be.