DELAERE VASTGOED: 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 VASTGOED
Largest movements
- Cash +€24,711
up €24,711 (+11.8%), from €209,692 to €234,403
mainly Depreciation (+€20,167) and Other debts (+€18,050)
- Other debts +€18,050
up €18,050 (+4.9%), from €367,492 to €385,542
- Reserves +€17,575
up €17,575 (+95.4%), from €18,418 to €35,993
of which Non-distributable reserves: +€13,734
- Gross operating margin -€22,754
down €22,754 (-22.9%), from €99,528 to €76,774
- Depreciation +€3,965
up €3,965 (+24.5%), from €16,202 to €20,167
- Taxes +€2,462
up €2,462 (+65.6%), from €3,752 to €6,214
- Financial charges -€1,717
down €1,717 (-6.7%), from €25,814 to €24,097
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €739,291 | €769,893 | +€30,602 | +4.1% |
| Fixed assets | 21/28 | €529,192 | €534,066 | +€4,874 | +0.9% |
| Tangible fixed assets | 22/27 | €529,192 | €534,066 | +€4,874 | +0.9% |
| Land and buildings | 22 | €529,192 | €512,990 | -€16,202 | -3.1% |
| Furniture and vehicles | 24 | - | €21,076 | +€21,076 | |
| Current assets | 29/58 | €210,100 | €235,827 | +€25,728 | +12.2% |
| Amounts receivable within one year | 40/41 | €0 | €786 | +€786 | |
| Other amounts receivable | 41 | €0 | €786 | +€786 | |
| Cash at bank and in hand | 54/58 | €209,692 | €234,403 | +€24,711 | +11.8% |
| Deferred charges and accrued income | 490/1 | €408 | €638 | +€230 | +56.5% |
| Total equity and liabilities | 10/49 | €739,291 | €769,893 | +€30,602 | +4.1% |
| Equity | 10/15 | €339,936 | €357,511 | +€17,575 | +5.2% |
| Contributions | 10/11 | €321,518 | €321,518 | = | 0.0% |
| Capital | 10 | €321,518 | €321,518 | = | 0.0% |
| Issued capital | 100 | €321,518 | €321,518 | = | 0.0% |
| Reserves | 13 | €18,418 | €35,993 | +€17,575 | +95.4% |
| Non-distributable reserves | 130/1 | €18,418 | €32,152 | +€13,734 | +74.6% |
| Legal reserve | 130 | €18,418 | €32,152 | +€13,734 | +74.6% |
| Distributable reserves | 133 | - | €3,841 | +€3,841 | |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €399,356 | €412,382 | +€13,026 | +3.3% |
| Amounts payable within one year | 42/48 | €373,570 | €388,315 | +€14,745 | +3.9% |
| Trade debts | 44 | €3,166 | €2,773 | -€393 | -12.4% |
| Suppliers | 440/4 | €3,166 | €2,773 | -€393 | -12.4% |
| Taxes, remuneration and social security | 45 | €2,912 | €0 | -€2,912 | -100% |
| Taxes | 450/3 | €2,912 | €0 | -€2,912 | -100% |
| Other amounts payable | 47/48 | €367,492 | €385,542 | +€18,050 | +4.9% |
| Accrued charges and deferred income | 492/3 | €25,786 | €24,067 | -€1,718 | -6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,202 | €20,167 | +€3,965 | +24.5% |
| Other operating charges | 640/8 | €9,068 | €8,720 | -€348 | -3.8% |
| Gross operating margin | 9900 | €99,528 | €76,774 | -€22,754 | -22.9% |
| Operating profit (loss) | 9901 | €74,258 | €47,887 | -€26,371 | -35.5% |
| Financial income | 75/76B | €80 | €0 | -€80 | -100% |
| Recurring financial income | 75 | €80 | €0 | -€80 | -100% |
| Financial charges | 65/66B | €25,814 | €24,097 | -€1,717 | -6.7% |
| Recurring financial charges | 65 | €25,814 | €24,097 | -€1,717 | -6.7% |
| Profit (loss) for the period before taxes | 9903 | €48,524 | €23,789 | -€24,735 | -51.0% |
| Income taxes | 67/77 | €3,752 | €6,214 | +€2,462 | +65.6% |
| Profit (loss) for the period | 9904 | €44,772 | €17,575 | -€27,197 | -60.7% |
| Profit (loss) for the period to be appropriated | 9905 | €44,772 | €17,575 | -€27,197 | -60.7% |
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 31 October 2026 via checked.be.