DELAGUN: 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.
DELAGUN
Largest movements
- Cash -€90,441
down €90,441 (-70.6%), from €128,160 to €37,719
mainly Debts after one year (-€251,597) and Investment in fixed assets (net) (-€138,851)
- Debts after one year -€251,597
down €251,597 (-8.5%), from €2.9m to €2.7m
- Reserves +€151,762
new in 2025: €151,762
- Other operating charges -€182,310
down €182,310 (-87.4%), from €208,589 to €26,279
- Depreciation +€46,024
up €46,024 (+35.0%), from €131,455 to €177,478
- Gross operating margin +€41,134
up €41,134 (+11.0%), from €372,406 to €413,540
- Financial charges -€13,588
down €13,588 (-20.1%), from €67,764 to €54,176
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 | €5,436,079 | €5,313,546 | -€122,533 | -2.3% |
| Fixed assets | 21/28 | €5,257,486 | €5,218,859 | -€38,627 | -0.7% |
| Tangible fixed assets | 22/27 | €5,257,486 | €5,218,859 | -€38,627 | -0.7% |
| Land and buildings | 22 | €5,225,390 | €5,081,558 | -€143,833 | -2.8% |
| Plant, machinery and equipment | 23 | €5,239 | €27,252 | +€22,014 | +420.2% |
| Furniture and vehicles | 24 | €26,857 | €20,817 | -€6,040 | -22.5% |
| Other tangible fixed assets | 26 | - | €89,232 | +€89,232 | |
| Current assets | 29/58 | €178,594 | €94,688 | -€83,906 | -47.0% |
| Amounts receivable within one year | 40/41 | €50,434 | €56,497 | +€6,063 | +12.0% |
| Trade receivables | 40 | €50,434 | €56,497 | +€6,063 | +12.0% |
| Cash at bank and in hand | 54/58 | €128,160 | €37,719 | -€90,441 | -70.6% |
| Deferred charges and accrued income | 490/1 | - | €471 | +€471 | |
| Total equity and liabilities | 10/49 | €5,436,079 | €5,313,546 | -€122,533 | -2.3% |
| Equity | 10/15 | €6,400 | €161,762 | +€155,361 | +2427.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | - | €151,762 | +€151,762 | |
| Distributable reserves | 133 | - | €151,762 | +€151,762 | |
| Profit (loss) carried forward | 14 | -€3,600 | - | +€3,600 | |
| Amounts payable | 17/49 | €5,429,679 | €5,151,784 | -€277,894 | -5.1% |
| Amounts payable after more than one year | 17 | €2,948,518 | €2,696,922 | -€251,597 | -8.5% |
| Financial debts | 170/4 | €2,948,518 | €2,696,922 | -€251,597 | -8.5% |
| Amounts payable within one year | 42/48 | €2,479,335 | €2,454,863 | -€24,472 | -1.0% |
| Current portion of amounts payable after more than one year | 42 | €247,052 | €251,597 | +€4,545 | +1.8% |
| Trade debts | 44 | €4,965 | €449 | -€4,516 | -91.0% |
| Suppliers | 440/4 | €4,965 | €449 | -€4,516 | -91.0% |
| Taxes, remuneration and social security | 45 | €15,703 | €7,973 | -€7,730 | -49.2% |
| Taxes | 450/3 | €15,703 | €7,973 | -€7,730 | -49.2% |
| Other amounts payable | 47/48 | €2,211,615 | €2,194,844 | -€16,771 | -0.8% |
| Accrued charges and deferred income | 492/3 | €1,825 | - | -€1,825 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €131,455 | €177,478 | +€46,024 | +35.0% |
| Other operating charges | 640/8 | €208,589 | €26,279 | -€182,310 | -87.4% |
| Gross operating margin | 9900 | €372,406 | €413,540 | +€41,134 | +11.0% |
| Operating profit (loss) | 9901 | €32,362 | €209,783 | +€177,421 | +548.2% |
| Financial income | 75/76B | €1 | €7 | +€6 | +566.0% |
| Recurring financial income | 75 | €1 | €7 | +€6 | +566.0% |
| Financial charges | 65/66B | €67,764 | €54,176 | -€13,588 | -20.1% |
| Recurring financial charges | 65 | €67,764 | €54,176 | -€13,588 | -20.1% |
| Profit (loss) for the period before taxes | 9903 | -€35,401 | €155,613 | +€191,014 | |
| Income taxes | 67/77 | €119 | €252 | +€132 | +110.9% |
| Profit (loss) for the period | 9904 | -€35,520 | €155,361 | +€190,882 | |
| Profit (loss) for the period to be appropriated | 9905 | -€35,520 | €155,361 | +€190,882 |
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 9 October 2026 via checked.be.