DELABIE: 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.
What changed
DELABIE
NACE 18.120, Other printing
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€853,389
2024 · €111,582-€964,971
Equity
€17.6m
2024 · €18.7m-€1.1m
Cash
€651,296
2024 · €865,830-€214,534
Balance sheet total
€22.1m
2024 · €23.6m-€1.6m
Largest movements
Assets
- Tangible fixed assets -€651,565
down €651,565 (-5.2%), from €12.6m to €11.9m
of which Leasing and similar rights: -€994,050
- Stocks and contracts -€508,338
down €508,338 (-13.9%), from €3.7m to €3.2m
of which Stocks: -€268,770
Equity and liabilities
- Reserves -€853,389
down €853,389 (-6.0%), from €14.1m to €13.3m
of which Distributable reserves: -€770,577
- Debts after one year +€537,580
up €537,580 (+316%), from €170,331 to €707,911
- Short-term financial debts -€400,000
down €400,000 (-40.0%), from €1.0m to €600,000
- Current portion of long-term debt -€364,251
down €364,251 (-52.0%), from €700,150 to €335,899
Income statement
- Turnover -€3.5m
down €3.5m (-12.0%), from €28.7m to €25.2m
- Goods and materials -€2.1m
down €2.1m (-14.6%), from €14.5m to €12.4m
of which Purchases: -€2.5m
- Write-downs -€1.1m
down €1.1m, from €94,453 to -€1.0m
- Other operating charges +€979,981
up €979,981 (+366%), from €267,747 to €1.2m
- Services and other goods +€365,293
up €365,293 (+12.2%), from €3.0m to €3.4m
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.
Result 2024
€111,582
Turnover
-€3.5m
Other operating income
-€26,822
Goods and materials
+€2.1m
Services and other goods
-€365,293
Staff costs
+€246,106
Depreciation
-€61,911
Write-downs
+€1.1m
Other operating charges
-€979,981
Other operating items
+€355,500
Financial income
-€60,385
Financial charges
+€54,899
Taxes
+€85,799
Result 2025
-€853,389
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€1.9m
Investment
-€1.7m
Financing
-€447,506
Cash 2024
€865,830
From operations (derived)
+€1.9m
Net result for the year
-€853,389
Depreciation
+€2.4m
Stocks and contracts
+€508,338
Receivables within one year
+€217,208
Deferred charges and accrued income
-€8,447
Provisions
-€27,604
Trade debts
-€76,523
Tax, wage and social debts
-€41,971
Advances received
-€87,831
Other debts
-€33,006
Accrued charges and deferred income
-€15,369
Investment (derived)
-€1.7m
Investment in fixed assets (net)
-€1.7m
Financing
-€447,506
Debts after one year
+€537,580
Current portion of long-term debt
-€364,251
Short-term financial debts
-€400,000
Contributions, distributions and other
-€220,835
Cash 2025
€651,296
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €23,636,491 | €22,053,293 | -€1.6m | -6.7% |
| Fixed assets | 21/28 | €12,590,194 | €11,938,628 | -€651,565 | -5.2% |
| Tangible fixed assets | 22/27 | €12,587,639 | €11,936,074 | -€651,565 | -5.2% |
| Land and buildings | 22 | €3,162,892 | €2,840,837 | -€322,054 | -10.2% |
| Plant, machinery and equipment | 23 | €6,225,148 | €7,064,548 | +€839,400 | +13.5% |
| Furniture and vehicles | 24 | €165,679 | €126,068 | -€39,611 | -23.9% |
| Leasing and similar rights | 25 | €2,898,670 | €1,904,620 | -€994,050 | -34.3% |
| Assets under construction and advance payments | 27 | €135,250 | €0 | -€135,250 | -100% |
| Financial fixed assets | 28 | €2,555 | €2,555 | = | 0.0% |
| Other financial fixed assets | 284/8 | €2,555 | €2,555 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €2,555 | €2,555 | = | 0.0% |
| Current assets | 29/58 | €11,046,297 | €10,114,664 | -€931,633 | -8.4% |
| Stocks and contracts in progress | 3 | €3,667,049 | €3,158,711 | -€508,338 | -13.9% |
| Stocks | 30/36 | €2,599,935 | €2,331,166 | -€268,770 | -10.3% |
| Raw materials and consumables | 30/31 | €2,599,935 | €2,331,166 | -€268,770 | -10.3% |
| Contracts in progress | 37 | €1,067,114 | €827,546 | -€239,568 | -22.5% |
| Amounts receivable within one year | 40/41 | €6,472,890 | €6,255,682 | -€217,208 | -3.4% |
| Trade receivables | 40 | €6,374,133 | €6,163,809 | -€210,324 | -3.3% |
| Other amounts receivable | 41 | €98,756 | €91,873 | -€6,883 | -7.0% |
| Cash at bank and in hand | 54/58 | €865,830 | €651,296 | -€214,534 | -24.8% |
| Deferred charges and accrued income | 490/1 | €40,529 | €48,976 | +€8,447 | +20.8% |
| Total equity and liabilities | 10/49 | €23,636,491 | €22,053,293 | -€1.6m | -6.7% |
| Equity | 10/15 | €18,695,941 | €17,621,717 | -€1.1m | -5.7% |
| Contributions | 10/11 | €3,257,973 | €3,257,973 | = | 0.0% |
| Capital | 10 | €3,200,000 | €3,200,000 | = | 0.0% |
| Issued capital | 100 | €3,200,000 | €3,200,000 | = | 0.0% |
| Contributions outside capital | 11 | €57,973 | €57,973 | = | 0.0% |
| Share premium | 1100/10 | €57,973 | €57,973 | = | 0.0% |
| Reserves | 13 | €14,127,539 | €13,274,150 | -€853,389 | -6.0% |
| Non-distributable reserves | 130/1 | €325,797 | €325,797 | = | 0.0% |
| Legal reserve | 130 | €325,797 | €325,797 | = | 0.0% |
| Tax-exempt reserves | 132 | €408,174 | €325,362 | -€82,813 | -20.3% |
| Distributable reserves | 133 | €13,393,568 | €12,622,991 | -€770,577 | -5.8% |
| Investment grants | 15 | €1,310,428 | €1,089,594 | -€220,835 | -16.9% |
| Provisions and deferred taxes | 16 | €215,627 | €188,023 | -€27,604 | -12.8% |
| Deferred taxes | 168 | €215,627 | €188,023 | -€27,604 | -12.8% |
| Amounts payable | 17/49 | €4,724,923 | €4,243,553 | -€481,370 | -10.2% |
| Amounts payable after more than one year | 17 | €170,331 | €707,911 | +€537,580 | +316% |
| Financial debts | 170/4 | €170,331 | €707,911 | +€537,580 | +316% |
| Subordinated loans | 170 | €0 | - | = | |
| Leasing and similar obligations | 172 | €70,331 | €607,911 | +€537,580 | +764% |
| Other loans | 174 | €100,000 | €100,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €4,518,064 | €3,514,483 | -€1.0m | -22.2% |
| Current portion of amounts payable after more than one year | 42 | €700,150 | €335,899 | -€364,251 | -52.0% |
| Financial debts | 43 | €1,000,000 | €600,000 | -€400,000 | -40.0% |
| Credit institutions | 430/8 | €1,000,000 | €600,000 | -€400,000 | -40.0% |
| Trade debts | 44 | €947,538 | €871,015 | -€76,523 | -8.1% |
| Suppliers | 440/4 | €947,538 | €871,015 | -€76,523 | -8.1% |
| Advances received on contracts in progress | 46 | €87,831 | €0 | -€87,831 | -100% |
| Taxes, remuneration and social security | 45 | €1,749,439 | €1,707,469 | -€41,971 | -2.4% |
| Taxes | 450/3 | €188,485 | €181,551 | -€6,934 | -3.7% |
| Remuneration and social security | 454/9 | €1,560,955 | €1,525,918 | -€35,037 | -2.2% |
| Other amounts payable | 47/48 | €33,106 | €100 | -€33,006 | -99.7% |
| Accrued charges and deferred income | 492/3 | €36,528 | €21,159 | -€15,369 | -42.1% |
| Operating income | 70/76A | €28,900,495 | €25,778,314 | -€3.1m | -10.8% |
| Turnover | 70 | €28,675,156 | €25,224,610 | -€3.5m | -12.0% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€484,078 | -€165,738 | +€318,340 | +65.8% |
| Other operating income | 74 | €559,961 | €533,138 | -€26,822 | -4.8% |
| Non-recurring operating income | 76A | €149,456 | €186,302 | +€36,846 | +24.7% |
| Operating charges | 60/66A | €29,127,342 | €27,050,444 | -€2.1m | -7.1% |
| Goods for resale, raw materials and consumables | 60 | €14,535,531 | €12,409,797 | -€2.1m | -14.6% |
| Purchases | 600/8 | €14,625,733 | €12,109,252 | -€2.5m | -17.2% |
| Change in stocks: decrease (increase) | 609 | -€90,203 | €300,545 | +€390,748 | |
| Services and other goods | 61 | €3,002,449 | €3,367,742 | +€365,293 | +12.2% |
| Remuneration, social security and pensions | 62 | €8,933,748 | €8,687,642 | -€246,106 | -2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,292,915 | €2,354,826 | +€61,911 | +2.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €94,453 | -€1,017,475 | -€1.1m | |
| Other operating charges | 640/8 | €267,747 | €1,247,728 | +€979,981 | +366% |
| Non-recurring operating charges | 66A | €499 | €185 | -€314 | -63.0% |
| Operating profit (loss) | 9901 | -€226,847 | -€1,272,131 | -€1.0m | -461% |
| Financial income | 75/76B | €565,879 | €505,494 | -€60,385 | -10.7% |
| Recurring financial income | 75 | €565,879 | €505,494 | -€60,385 | -10.7% |
| Income from current assets | 751 | €5,722 | €8,457 | +€2,735 | +47.8% |
| Other financial income | 752/9 | €560,157 | €497,036 | -€63,121 | -11.3% |
| Financial charges | 65/66B | €183,580 | €128,680 | -€54,899 | -29.9% |
| Recurring financial charges | 65 | €183,565 | €128,666 | -€54,899 | -29.9% |
| Debt charges | 650 | €90,393 | €49,958 | -€40,434 | -44.7% |
| Other financial charges | 652/9 | €93,173 | €78,708 | -€14,465 | -15.5% |
| Non-recurring financial charges | 66B | €15 | €15 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €155,452 | -€895,317 | -€1.1m | |
| Transfer from deferred taxes | 780 | €27,604 | €27,604 | = | 0.0% |
| Income taxes | 67/77 | €71,475 | -€14,324 | -€85,799 | |
| Taxes | 670/3 | €81,717 | €7,524 | -€74,193 | -90.8% |
| Tax adjustments and reversals of tax provisions | 77 | €10,242 | €21,848 | +€11,606 | +113% |
| Profit (loss) for the period | 9904 | €111,582 | -€853,389 | -€964,971 | |
| Transfer from tax-exempt reserves | 789 | €82,813 | €82,813 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €194,394 | -€770,577 | -€964,971 |
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 20 October 2026 via checked.be.