DELAERE ENGINEERING: 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.
DELAERE ENGINEERING
Largest movements
- Stocks and contracts +€610,948
up €610,948 (+83.6%), from €731,189 to €1.3m
of which Contracts in progress: +€668,543
- Receivables within one year +€561,486
up €561,486 (+20.9%), from €2.7m to €3.3m
of which Other amounts receivable: +€833,301
- Cash +€441,375
up €441,375 (+154.2%), from €286,304 to €727,679
mainly Net result for the year (+€1.7m) and Depreciation (+€198,551)
- Tangible fixed assets +€135,329
up €135,329 (+25.4%), from €533,249 to €668,578
- Profit (loss) carried forward +€1.7m
up €1.7m (+78.8%), from €2.2m to €3.9m
- Tax, wage and social debts -€179,426
down €179,426 (-31.8%), from €564,599 to €385,174
of which Taxes: -€184,895
- Advances received +€150,780
up €150,780 (+128.0%), from €117,839 to €268,619
- Gross operating margin +€522,858
up €522,858 (+10.0%), from €5.2m to €5.7m
- Taxes +€156,772
up €156,772 (+36.4%), from €431,257 to €588,029
- Staff costs -€99,192
down €99,192 (-3.0%), from €3.3m to €3.2m
- Depreciation +€66,752
up €66,752 (+50.6%), from €131,799 to €198,551
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 | €4,292,482 | €6,106,615 | +€1.8m | +42.3% |
| Fixed assets | 21/28 | €567,989 | €727,890 | +€159,901 | +28.2% |
| Intangible fixed assets | 21 | €34,606 | €59,177 | +€24,572 | +71.0% |
| Tangible fixed assets | 22/27 | €533,249 | €668,578 | +€135,329 | +25.4% |
| Plant, machinery and equipment | 23 | €204,548 | €265,426 | +€60,878 | +29.8% |
| Furniture and vehicles | 24 | €311,998 | €334,850 | +€22,852 | +7.3% |
| Other tangible fixed assets | 26 | €16,704 | €68,303 | +€51,599 | +308.9% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €3,724,493 | €5,378,725 | +€1.7m | +44.4% |
| Stocks and contracts in progress | 3 | €731,189 | €1,342,137 | +€610,948 | +83.6% |
| Stocks | 30/36 | €731,189 | €673,594 | -€57,595 | -7.9% |
| Contracts in progress | 37 | €0 | €668,543 | +€668,543 | |
| Amounts receivable within one year | 40/41 | €2,692,152 | €3,253,638 | +€561,486 | +20.9% |
| Trade receivables | 40 | €2,580,120 | €2,308,306 | -€271,814 | -10.5% |
| Other amounts receivable | 41 | €112,032 | €945,332 | +€833,301 | +743.8% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €286,304 | €727,679 | +€441,375 | +154.2% |
| Deferred charges and accrued income | 490/1 | €14,848 | €55,272 | +€40,424 | +272.2% |
| Total equity and liabilities | 10/49 | €4,292,482 | €6,106,615 | +€1.8m | +42.3% |
| Equity | 10/15 | €3,020,343 | €4,750,034 | +€1.7m | +57.3% |
| Contributions | 10/11 | €750,000 | €750,000 | = | 0.0% |
| Reserves | 13 | €75,000 | €75,000 | = | 0.0% |
| Distributable reserves | 133 | €75,000 | €75,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,195,343 | €3,925,034 | +€1.7m | +78.8% |
| Amounts payable | 17/49 | €1,272,139 | €1,356,582 | +€84,443 | +6.6% |
| Amounts payable after more than one year | 17 | - | €40,905 | +€40,905 | |
| Other amounts payable | 178/9 | - | €40,905 | +€40,905 | |
| Amounts payable within one year | 42/48 | €1,272,139 | €1,314,914 | +€42,776 | +3.4% |
| Trade debts | 44 | €589,700 | €632,792 | +€43,092 | +7.3% |
| Suppliers | 440/4 | €589,700 | €632,792 | +€43,092 | +7.3% |
| Advances received on contracts in progress | 46 | €117,839 | €268,619 | +€150,780 | +128.0% |
| Taxes, remuneration and social security | 45 | €564,599 | €385,174 | -€179,426 | -31.8% |
| Taxes | 450/3 | €262,550 | €77,655 | -€184,895 | -70.4% |
| Remuneration and social security | 454/9 | €302,049 | €307,518 | +€5,469 | +1.8% |
| Other amounts payable | 47/48 | €0 | €28,330 | +€28,330 | |
| Accrued charges and deferred income | 492/3 | - | €762 | +€762 | |
| Remuneration, social security and pensions | 62 | €3,281,643 | €3,182,451 | -€99,192 | -3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €131,799 | €198,551 | +€66,752 | +50.6% |
| Other operating charges | 640/8 | €11,384 | €9,224 | -€2,160 | -19.0% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €5,212,841 | €5,735,699 | +€522,858 | +10.0% |
| Operating profit (loss) | 9901 | €1,788,015 | €2,345,472 | +€557,458 | +31.2% |
| Financial income | 75/76B | €1,364 | €6,075 | +€4,711 | +345.3% |
| Recurring financial income | 75 | €1,364 | €6,075 | +€4,711 | +345.3% |
| Financial charges | 65/66B | €74,610 | €33,828 | -€40,783 | -54.7% |
| Recurring financial charges | 65 | €74,610 | €33,828 | -€40,783 | -54.7% |
| Profit (loss) for the period before taxes | 9903 | €1,714,769 | €2,317,720 | +€602,951 | +35.2% |
| Income taxes | 67/77 | €431,257 | €588,029 | +€156,772 | +36.4% |
| Profit (loss) for the period | 9904 | €1,283,512 | €1,729,691 | +€446,179 | +34.8% |
| Profit (loss) for the period to be appropriated | 9905 | €1,283,512 | €1,729,691 | +€446,179 | +34.8% |
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 12 October 2026 via checked.be.