DELAH: 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.
DELAH
Largest movements
- Stocks and contracts +€106,416
up €106,416 (+56.2%), from €189,506 to €295,922
- Tangible fixed assets +€34,184
up €34,184 (+9.5%), from €360,666 to €394,850
of which Leasing and similar rights: +€33,867
- Other debts +€81,318
up €81,318 (+467%), from €17,431 to €98,749
- Reserves +€37,430
new in 2024: €37,430
- Profit (loss) carried forward +€26,208
up €26,208, from -€26,208 to €0
- Debts after one year -€15,795
down €15,795 (-2.8%), from €559,868 to €544,073
- Gross operating margin +€73,334
up €73,334 (+82.1%), from €89,377 to €162,712
- Taxes +€11,494
new in 2024: €11,494
- Staff costs +€9,885
up €9,885 (+310%), from €3,189 to €13,073
- Financial charges +€7,464
up €7,464 (+162%), from €4,614 to €12,078
- Depreciation +€6,759
up €6,759 (+19.8%), from €34,140 to €40,899
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €614,057 | €754,029 | +€139,972 | +22.8% |
| Fixed assets | 21/28 | €360,666 | €394,850 | +€34,184 | +9.5% |
| Tangible fixed assets | 22/27 | €360,666 | €394,850 | +€34,184 | +9.5% |
| Land and buildings | 22 | €329,144 | €308,407 | -€20,737 | -6.3% |
| Plant, machinery and equipment | 23 | €16,955 | €19,894 | +€2,939 | +17.3% |
| Furniture and vehicles | 24 | €14,566 | €32,681 | +€18,115 | +124% |
| Leasing and similar rights | 25 | - | €33,867 | +€33,867 | |
| Current assets | 29/58 | €253,391 | €359,180 | +€105,788 | +41.7% |
| Stocks and contracts in progress | 3 | €189,506 | €295,922 | +€106,416 | +56.2% |
| Stocks | 30/36 | €189,506 | €295,922 | +€106,416 | +56.2% |
| Amounts receivable within one year | 40/41 | €51,695 | €52,756 | +€1,061 | +2.1% |
| Trade receivables | 40 | €51,206 | €50,859 | -€347 | -0.7% |
| Other amounts receivable | 41 | €489 | €1,897 | +€1,408 | +288% |
| Cash at bank and in hand | 54/58 | €9,518 | €6,761 | -€2,758 | -29.0% |
| Deferred charges and accrued income | 490/1 | €2,673 | €3,741 | +€1,068 | +40.0% |
| Total equity and liabilities | 10/49 | €614,057 | €754,029 | +€139,972 | +22.8% |
| Equity | 10/15 | -€7,608 | €56,030 | +€63,638 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | - | €37,430 | +€37,430 | |
| Distributable reserves | 133 | - | €37,430 | +€37,430 | |
| Profit (loss) carried forward | 14 | -€26,208 | €0 | +€26,208 | |
| Amounts payable | 17/49 | €621,665 | €697,999 | +€76,335 | +12.3% |
| Amounts payable after more than one year | 17 | €559,868 | €544,073 | -€15,795 | -2.8% |
| Financial debts | 170/4 | €559,868 | €544,073 | -€15,795 | -2.8% |
| Amounts payable within one year | 42/48 | €61,733 | €153,858 | +€92,125 | +149% |
| Current portion of amounts payable after more than one year | 42 | €30,410 | €34,647 | +€4,237 | +13.9% |
| Trade debts | 44 | €6,058 | €10,573 | +€4,515 | +74.5% |
| Suppliers | 440/4 | €6,058 | €10,573 | +€4,515 | +74.5% |
| Taxes, remuneration and social security | 45 | €7,834 | €9,889 | +€2,055 | +26.2% |
| Taxes | 450/3 | €7,092 | €9,011 | +€1,919 | +27.1% |
| Remuneration and social security | 454/9 | €742 | €878 | +€135 | +18.3% |
| Other amounts payable | 47/48 | €17,431 | €98,749 | +€81,318 | +467% |
| Accrued charges and deferred income | 492/3 | €64 | €68 | +€5 | +7.2% |
| Remuneration, social security and pensions | 62 | €3,189 | €13,073 | +€9,885 | +310% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,140 | €40,899 | +€6,759 | +19.8% |
| Other operating charges | 640/8 | €4,515 | €4,947 | +€432 | +9.6% |
| Gross operating margin | 9900 | €89,377 | €162,712 | +€73,334 | +82.1% |
| Operating profit (loss) | 9901 | €47,534 | €103,792 | +€56,258 | +118% |
| Financial income | 75/76B | €1,260 | €84 | -€1,177 | -93.4% |
| Recurring financial income | 75 | €1,260 | €84 | -€1,177 | -93.4% |
| Financial charges | 65/66B | €4,614 | €12,078 | +€7,464 | +162% |
| Recurring financial charges | 65 | €4,614 | €12,078 | +€7,464 | +162% |
| Profit (loss) for the period before taxes | 9903 | €44,180 | €91,797 | +€47,617 | +108% |
| Income taxes | 67/77 | - | €11,494 | +€11,494 | |
| Profit (loss) for the period | 9904 | €44,180 | €80,304 | +€36,123 | +81.8% |
| Profit (loss) for the period to be appropriated | 9905 | €44,180 | €80,304 | +€36,123 | +81.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.