DELABIM: what changed
Two fiscal 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.
DELABIM
Largest movements
- Receivables within one year -€220,638
down €220,638 (-58.5%), from €377,428 to €156,790
of which Trade receivables: -€148,937
- Stocks and contracts +€123,068
up €123,068 (+25.6%), from €481,557 to €604,626
- Cash +€107,510
up €107,510 (+24.6%), from €437,625 to €545,135
mainly Depreciation (+€355,934) and Receivables within one year (+€220,638)
- Tangible fixed assets -€81,208
down €81,208 (-3.9%), from €2.1m to €2.0m
- Debts after one year -€263,704
down €263,704 (-13.1%), from €2.0m to €1.7m
of which Financial debts: -€263,704
- Trade debts -€162,894
down €162,894 (-11.9%), from €1.4m to €1.2m
- Other debts +€142,051
new in 2025: €142,051
- Short-term financial debts +€131,405
new in 2025: €131,405
- Accrued charges and deferred income -€121,580
down €121,580 (-96.3%), from €126,260 to €4,680
- Turnover +€3.4m
up €3.4m (+30.5%), from €11.1m to €14.5m
- Purchases and services +€2.7m
up €2.7m (+26.8%), from €10.1m to €12.8m
- Gross operating margin +€564,798
up €564,798 (+33.5%), from €1.7m to €2.3m
- Staff costs +€157,146
up €157,146 (+11.0%), from €1.4m to €1.6m
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 | €3,854,772 | €3,750,551 | -€104,221 | -2.7% |
| Formation expenses | 20 | €58,962 | €61,196 | +€2,234 | +3.8% |
| Fixed assets | 21/28 | €2,416,402 | €2,298,054 | -€118,349 | -4.9% |
| Intangible fixed assets | 21 | €318,290 | €281,149 | -€37,141 | -11.7% |
| Tangible fixed assets | 22/27 | €2,098,113 | €2,016,905 | -€81,208 | -3.9% |
| Plant, machinery and equipment | 23 | €1,634,277 | €1,619,579 | -€14,698 | -0.9% |
| Furniture and vehicles | 24 | €224,748 | €184,942 | -€39,806 | -17.7% |
| Other tangible fixed assets | 26 | €239,087 | €212,383 | -€26,704 | -11.2% |
| Current assets | 29/58 | €1,379,408 | €1,391,301 | +€11,894 | +0.9% |
| Stocks and contracts in progress | 3 | €481,557 | €604,626 | +€123,068 | +25.6% |
| Stocks | 30/36 | €481,557 | €604,626 | +€123,068 | +25.6% |
| Amounts receivable within one year | 40/41 | €377,428 | €156,790 | -€220,638 | -58.5% |
| Trade receivables | 40 | €296,700 | €147,763 | -€148,937 | -50.2% |
| Other amounts receivable | 41 | €80,728 | €9,027 | -€71,701 | -88.8% |
| Cash at bank and in hand | 54/58 | €437,625 | €545,135 | +€107,510 | +24.6% |
| Deferred charges and accrued income | 490/1 | €82,798 | €84,751 | +€1,953 | +2.4% |
| Total equity and liabilities | 10/49 | €3,854,772 | €3,750,551 | -€104,221 | -2.7% |
| Equity | 10/15 | -€174,193 | -€76,986 | +€97,207 | +55.8% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€274,193 | -€176,986 | +€97,207 | +35.5% |
| Amounts payable | 17/49 | €4,028,966 | €3,827,537 | -€201,428 | -5.0% |
| Amounts payable after more than one year | 17 | €2,010,299 | €1,746,595 | -€263,704 | -13.1% |
| Financial debts | 170/4 | €2,006,499 | €1,742,795 | -€263,704 | -13.1% |
| Other amounts payable | 178/9 | €3,800 | €3,800 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,892,407 | €2,076,262 | +€183,855 | +9.7% |
| Current portion of amounts payable after more than one year | 42 | €320,206 | €343,252 | +€23,046 | +7.2% |
| Financial debts | 43 | - | €131,405 | +€131,405 | |
| Credit institutions | 430/8 | - | €131,405 | +€131,405 | |
| Trade debts | 44 | €1,374,109 | €1,211,215 | -€162,894 | -11.9% |
| Suppliers | 440/4 | €1,374,109 | €1,211,215 | -€162,894 | -11.9% |
| Taxes, remuneration and social security | 45 | €198,092 | €248,339 | +€50,247 | +25.4% |
| Taxes | 450/3 | - | €503 | +€503 | |
| Remuneration and social security | 454/9 | €198,092 | €247,835 | +€49,744 | +25.1% |
| Other amounts payable | 47/48 | - | €142,051 | +€142,051 | |
| Accrued charges and deferred income | 492/3 | €126,260 | €4,680 | -€121,580 | -96.3% |
| Turnover | 70 | €11,099,207 | €14,483,442 | +€3.4m | +30.5% |
| Non-recurring operating income | 76A | €479,103 | €332,177 | -€146,926 | -30.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €10,104,222 | €12,807,311 | +€2.7m | +26.8% |
| Remuneration, social security and pensions | 62 | €1,425,214 | €1,582,360 | +€157,146 | +11.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €292,166 | €355,934 | +€63,768 | +21.8% |
| Other operating charges | 640/8 | €35,632 | €42,117 | +€6,485 | +18.2% |
| Non-recurring operating charges | 66A | €1,064 | €672 | -€392 | -36.8% |
| Gross operating margin | 9900 | €1,688,474 | €2,253,272 | +€564,798 | +33.5% |
| Operating profit (loss) | 9901 | -€65,603 | €272,188 | +€337,791 | |
| Financial income | 75/76B | €37,717 | €7,235 | -€30,482 | -80.8% |
| Recurring financial income | 75 | €37,717 | €7,235 | -€30,482 | -80.8% |
| Financial charges | 65/66B | €246,982 | €181,938 | -€65,044 | -26.3% |
| Recurring financial charges | 65 | €146,037 | €152,566 | +€6,529 | +4.5% |
| Non-recurring financial charges | 66B | €100,944 | €29,371 | -€71,573 | -70.9% |
| Profit (loss) for the period before taxes | 9903 | -€274,867 | €97,486 | +€372,353 | |
| Income taxes | 67/77 | €629 | €279 | -€350 | -55.6% |
| Profit (loss) for the period | 9904 | -€275,496 | €97,207 | +€372,703 | |
| Profit (loss) for the period to be appropriated | 9905 | -€275,496 | €97,207 | +€372,703 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.