DELABY: 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.
DELABY
Largest movements
- Current investments +€130,347
up €130,347 (+86.9%), from €150,000 to €280,347
- Cash +€93,561
up €93,561 (+69.1%), from €135,466 to €229,026
mainly Net result for the year (+€276,829) and Tax, wage and social debts (+€49,671)
- Receivables within one year +€63,940
up €63,940 (+27.6%), from €231,878 to €295,817
of which Trade receivables: +€52,961
- Tangible fixed assets +€36,347
up €36,347 (+2133.7%), from €1,703 to €38,050
- Reserves +€276,829
up €276,829 (+61.1%), from €452,942 to €729,770
- Tax, wage and social debts +€49,671
up €49,671 (+69.6%), from €71,338 to €121,009
- Gross operating margin +€34,533
up €34,533 (+11.3%), from €306,751 to €341,284
- Financial income +€15,594
up €15,594 (+160.8%), from €9,700 to €25,294
- Taxes +€7,876
up €7,876 (+10.5%), from €75,136 to €83,012
- Depreciation +€6,357
up €6,357 (+20323.2%), from €31 to €6,388
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 | €528,576 | €855,183 | +€326,607 | +61.8% |
| Fixed assets | 21/28 | €1,703 | €38,090 | +€36,387 | +2136.1% |
| Tangible fixed assets | 22/27 | €1,703 | €38,050 | +€36,347 | +2133.7% |
| Furniture and vehicles | 24 | €1,703 | €38,050 | +€36,347 | +2133.7% |
| Financial fixed assets | 28 | - | €40 | +€40 | |
| Current assets | 29/58 | €526,872 | €817,093 | +€290,221 | +55.1% |
| Amounts receivable within one year | 40/41 | €231,878 | €295,817 | +€63,940 | +27.6% |
| Trade receivables | 40 | €72,600 | €125,561 | +€52,961 | +72.9% |
| Other amounts receivable | 41 | €159,278 | €170,257 | +€10,979 | +6.9% |
| Current investments | 50/53 | €150,000 | €280,347 | +€130,347 | +86.9% |
| Cash at bank and in hand | 54/58 | €135,466 | €229,026 | +€93,561 | +69.1% |
| Deferred charges and accrued income | 490/1 | €9,529 | €11,902 | +€2,373 | +24.9% |
| Total equity and liabilities | 10/49 | €528,576 | €855,183 | +€326,607 | +61.8% |
| Equity | 10/15 | €455,442 | €732,270 | +€276,829 | +60.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €452,942 | €729,770 | +€276,829 | +61.1% |
| Distributable reserves | 133 | €452,942 | €729,770 | +€276,829 | +61.1% |
| Amounts payable | 17/49 | €73,134 | €122,913 | +€49,779 | +68.1% |
| Amounts payable within one year | 42/48 | €73,134 | €122,913 | +€49,779 | +68.1% |
| Trade debts | 44 | €1,796 | €1,903 | +€108 | +6.0% |
| Suppliers | 440/4 | €1,796 | €1,903 | +€108 | +6.0% |
| Taxes, remuneration and social security | 45 | €71,338 | €121,009 | +€49,671 | +69.6% |
| Taxes | 450/3 | €71,338 | €121,009 | +€49,671 | +69.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31 | €6,388 | +€6,357 | +20323.2% |
| Other operating charges | 640/8 | - | €144 | +€144 | |
| Gross operating margin | 9900 | €306,751 | €341,284 | +€34,533 | +11.3% |
| Operating profit (loss) | 9901 | €306,720 | €334,752 | +€28,031 | +9.1% |
| Financial income | 75/76B | €9,700 | €25,294 | +€15,594 | +160.8% |
| Recurring financial income | 75 | €9,700 | €25,294 | +€15,594 | +160.8% |
| Financial charges | 65/66B | €52 | €205 | +€153 | +297.1% |
| Recurring financial charges | 65 | €52 | €205 | +€153 | +297.1% |
| Profit (loss) for the period before taxes | 9903 | €316,369 | €359,841 | +€43,472 | +13.7% |
| Income taxes | 67/77 | €75,136 | €83,012 | +€7,876 | +10.5% |
| Profit (loss) for the period | 9904 | €241,233 | €276,829 | +€35,596 | +14.8% |
| Profit (loss) for the period to be appropriated | 9905 | €241,233 | €276,829 | +€35,596 | +14.8% |
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 29 September 2026 via checked.be.