DELAFIN: 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.
DELAFIN
Largest movements
- Tangible fixed assets -€45,724
down €45,724 (-8.0%), from €568,498 to €522,774
of which Land and buildings: -€47,336
- Cash -€21,966
down €21,966 (-70.0%), from €31,374 to €9,408
mainly Other debts (-€49,247) and Debts after one year (-€43,626)
- Deferred charges and accrued income -€11,896
down €11,896 (-90.7%), from €13,121 to €1,225
- Other debts -€49,247
down €49,247 (-32.5%), from €151,406 to €102,160
- Debts after one year -€43,626
down €43,626 (-14.8%), from €295,350 to €251,724
- Reserves +€23,054
up €23,054 (+9.9%), from €233,019 to €256,072
of which Distributable reserves: +€23,054
- Tax, wage and social debts -€11,785
down €11,785 (-54.2%), from €21,749 to €9,964
of which Taxes: -€11,785
- Gross operating margin -€26,153
down €26,153 (-21.3%), from €122,510 to €96,357
- Taxes -€6,951
down €6,951 (-40.9%), from €16,991 to €10,040
- Other operating charges +€3,964
up €3,964 (+301%), from €1,318 to €5,281
- Depreciation -€3,658
down €3,658 (-6.1%), from €60,040 to €56,382
- Financial charges -€2,026
down €2,026 (-9.8%), from €20,773 to €18,747
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 | €930,774 | €855,899 | -€74,876 | -8.0% |
| Fixed assets | 21/28 | €568,748 | €523,024 | -€45,724 | -8.0% |
| Tangible fixed assets | 22/27 | €568,498 | €522,774 | -€45,724 | -8.0% |
| Land and buildings | 22 | €544,415 | €497,078 | -€47,336 | -8.7% |
| Plant, machinery and equipment | 23 | €5,307 | €8,013 | +€2,706 | +51.0% |
| Furniture and vehicles | 24 | €18,776 | €17,683 | -€1,094 | -5.8% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €362,026 | €332,875 | -€29,151 | -8.1% |
| Amounts receivable after more than one year | 29 | €312,994 | €319,996 | +€7,002 | +2.2% |
| Other amounts receivable | 291 | €312,994 | €319,996 | +€7,002 | +2.2% |
| Amounts receivable within one year | 40/41 | €4,537 | €2,246 | -€2,291 | -50.5% |
| Trade receivables | 40 | €4,537 | €2,246 | -€2,291 | -50.5% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €31,374 | €9,408 | -€21,966 | -70.0% |
| Deferred charges and accrued income | 490/1 | €13,121 | €1,225 | -€11,896 | -90.7% |
| Total equity and liabilities | 10/49 | €930,774 | €855,899 | -€74,876 | -8.0% |
| Equity | 10/15 | €402,424 | €425,478 | +€23,054 | +5.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €233,019 | €256,072 | +€23,054 | +9.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €347 | €347 | = | 0.0% |
| Distributable reserves | 133 | €232,672 | €255,725 | +€23,054 | +9.9% |
| Profit (loss) carried forward | 14 | €150,806 | €150,806 | = | 0.0% |
| Amounts payable | 17/49 | €528,350 | €430,421 | -€97,929 | -18.5% |
| Amounts payable after more than one year | 17 | €295,350 | €251,724 | -€43,626 | -14.8% |
| Financial debts | 170/4 | €295,350 | €251,724 | -€43,626 | -14.8% |
| Amounts payable within one year | 42/48 | €223,140 | €168,837 | -€54,303 | -24.3% |
| Current portion of amounts payable after more than one year | 42 | €43,626 | €43,626 | = | 0.0% |
| Trade debts | 44 | €6,358 | €13,087 | +€6,729 | +106% |
| Suppliers | 440/4 | €6,358 | €13,087 | +€6,729 | +106% |
| Taxes, remuneration and social security | 45 | €21,749 | €9,964 | -€11,785 | -54.2% |
| Taxes | 450/3 | €21,749 | €9,964 | -€11,785 | -54.2% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €151,406 | €102,160 | -€49,247 | -32.5% |
| Accrued charges and deferred income | 492/3 | €9,860 | €9,860 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €675 | €2,439 | +€1,764 | +261% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,040 | €56,382 | -€3,658 | -6.1% |
| Other operating charges | 640/8 | €1,318 | €5,281 | +€3,964 | +301% |
| Gross operating margin | 9900 | €122,510 | €96,357 | -€26,153 | -21.3% |
| Operating profit (loss) | 9901 | €60,478 | €32,254 | -€28,224 | -46.7% |
| Financial income | 75/76B | €19,288 | €19,586 | +€298 | +1.5% |
| Recurring financial income | 75 | €19,288 | €19,586 | +€298 | +1.5% |
| Financial charges | 65/66B | €20,773 | €18,747 | -€2,026 | -9.8% |
| Recurring financial charges | 65 | €20,773 | €18,747 | -€2,026 | -9.8% |
| Profit (loss) for the period before taxes | 9903 | €58,993 | €33,094 | -€25,899 | -43.9% |
| Income taxes | 67/77 | €16,991 | €10,040 | -€6,951 | -40.9% |
| Profit (loss) for the period | 9904 | €42,002 | €23,054 | -€18,948 | -45.1% |
| Profit (loss) for the period to be appropriated | 9905 | €42,002 | €23,054 | -€18,948 | -45.1% |
Source: filed annual accounts (NBB), financial years ended 31 July 2024 and 31 July 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.