DELAERE CONSTRUCT: 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.
DELAERE CONSTRUCT
Largest movements
- Tangible fixed assets -€37,713
down €37,713 (-6.3%), from €597,892 to €560,180
of which Land and buildings: -€20,435
- Receivables within one year +€26,764
up €26,764 (+18.1%), from €147,786 to €174,550
of which Trade receivables: +€14,566
- Trade debts -€72,961
down €72,961 (-53.5%), from €136,400 to €63,439
- Reserves +€35,699
up €35,699 (+25.6%), from €139,417 to €175,116
of which Distributable reserves: +€35,699
- Current portion of long-term debt +€13,155
up €13,155 (+32.6%), from €40,398 to €53,553
- Tax, wage and social debts +€10,587
up €10,587 (+159.0%), from €6,657 to €17,244
- Gross operating margin +€37,538
up €37,538 (+47.4%), from €79,213 to €116,751
- Taxes +€13,151
up €13,151 (+1115.8%), from €1,179 to €14,330
- Depreciation +€3,203
up €3,203 (+8.3%), from €38,744 to €41,947
- Financial income +€1,240
up €1,240 (+116.4%), from €1,066 to €2,306
- Financial charges -€1,227
down €1,227 (-4.8%), from €25,775 to €24,549
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €839,636 | €822,939 | -€16,697 | -2.0% |
| Fixed assets | 21/28 | €618,892 | €576,980 | -€41,913 | -6.8% |
| Tangible fixed assets | 22/27 | €597,892 | €560,180 | -€37,713 | -6.3% |
| Land and buildings | 22 | €533,458 | €513,023 | -€20,435 | -3.8% |
| Plant, machinery and equipment | 23 | €18,984 | €10,957 | -€8,027 | -42.3% |
| Furniture and vehicles | 24 | €45,451 | €36,200 | -€9,251 | -20.4% |
| Financial fixed assets | 28 | €21,000 | €16,800 | -€4,200 | -20.0% |
| Current assets | 29/58 | €220,744 | €245,959 | +€25,216 | +11.4% |
| Stocks and contracts in progress | 3 | €55,611 | €60,201 | +€4,590 | +8.3% |
| Stocks | 30/36 | €17,562 | €10,012 | -€7,549 | -43.0% |
| Contracts in progress | 37 | €38,050 | €50,189 | +€12,139 | +31.9% |
| Amounts receivable within one year | 40/41 | €147,786 | €174,550 | +€26,764 | +18.1% |
| Trade receivables | 40 | €120,149 | €134,715 | +€14,566 | +12.1% |
| Other amounts receivable | 41 | €27,637 | €39,835 | +€12,198 | +44.1% |
| Cash at bank and in hand | 54/58 | €9,594 | €4,891 | -€4,703 | -49.0% |
| Deferred charges and accrued income | 490/1 | €7,753 | €6,317 | -€1,435 | -18.5% |
| Total equity and liabilities | 10/49 | €839,636 | €822,939 | -€16,697 | -2.0% |
| Equity | 10/15 | €158,017 | €193,716 | +€35,699 | +22.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €139,417 | €175,116 | +€35,699 | +25.6% |
| Tax-exempt reserves | 132 | €124 | €124 | = | 0.0% |
| Distributable reserves | 133 | €139,293 | €174,993 | +€35,699 | +25.6% |
| Amounts payable | 17/49 | €681,619 | €629,223 | -€52,396 | -7.7% |
| Amounts payable after more than one year | 17 | €447,429 | €441,752 | -€5,677 | -1.3% |
| Financial debts | 170/4 | €447,429 | €441,752 | -€5,677 | -1.3% |
| Amounts payable within one year | 42/48 | €234,190 | €187,471 | -€46,719 | -19.9% |
| Current portion of amounts payable after more than one year | 42 | €40,398 | €53,553 | +€13,155 | +32.6% |
| Financial debts | 43 | €50,000 | €52,500 | +€2,500 | +5.0% |
| Credit institutions | 430/8 | €50,000 | €50,000 | = | 0.0% |
| Other loans | 439 | - | €2,500 | +€2,500 | |
| Trade debts | 44 | €136,400 | €63,439 | -€72,961 | -53.5% |
| Suppliers | 440/4 | €136,400 | €63,439 | -€72,961 | -53.5% |
| Advances received on contracts in progress | 46 | €734 | €734 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €6,657 | €17,244 | +€10,587 | +159.0% |
| Taxes | 450/3 | €6,657 | €17,244 | +€10,587 | +159.0% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,744 | €41,947 | +€3,203 | +8.3% |
| Other operating charges | 640/8 | €3,504 | €2,532 | -€972 | -27.7% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €79,213 | €116,751 | +€37,538 | +47.4% |
| Operating profit (loss) | 9901 | €36,965 | €72,272 | +€35,307 | +95.5% |
| Financial income | 75/76B | €1,066 | €2,306 | +€1,240 | +116.4% |
| Recurring financial income | 75 | €1,066 | €2,306 | +€1,240 | +116.4% |
| Financial charges | 65/66B | €25,775 | €24,549 | -€1,227 | -4.8% |
| Recurring financial charges | 65 | €25,775 | €24,549 | -€1,227 | -4.8% |
| Profit (loss) for the period before taxes | 9903 | €12,255 | €50,030 | +€37,774 | +308.2% |
| Income taxes | 67/77 | €1,179 | €14,330 | +€13,151 | +1115.8% |
| Profit (loss) for the period | 9904 | €11,076 | €35,699 | +€24,623 | +222.3% |
| Profit (loss) for the period to be appropriated | 9905 | €11,076 | €35,699 | +€24,623 | +222.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.