Delahaut Management: 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.
Delahaut Management
Largest movements
- Receivables within one year +€86,720
up €86,720 (+857%), from €10,123 to €96,843
of which Trade receivables: +€87,145
- Tangible fixed assets +€67,745
new in 2025: €67,745
- Advances received +€61,983
new in 2025: €61,983
- Debts after one year +€59,904
new in 2025: €59,904
- Other debts +€48,379
up €48,379 (+225%), from €21,491 to €69,870
- Profit (loss) carried forward -€36,867
down €36,867 (-2,815%), from -€1,310 to -€38,176
- Current portion of long-term debt +€18,443
new in 2025: €18,443
- Gross operating margin -€16,629
down €16,629 (-1,270%), from -€1,310 to -€17,938
- Depreciation +€13,433
new in 2025: €13,433
- Financial charges +€4,534
new in 2025: €4,534
- Other operating charges +€680
new in 2025: €680
- Taxes +€300
new in 2025: €300
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 | €30,181 | €185,716 | +€155,535 | +515% |
| Fixed assets | 21/28 | €20,059 | €87,804 | +€67,745 | +338% |
| Tangible fixed assets | 22/27 | - | €67,745 | +€67,745 | |
| Furniture and vehicles | 24 | - | €67,745 | +€67,745 | |
| Financial fixed assets | 28 | €20,059 | €20,059 | = | 0.0% |
| Current assets | 29/58 | €10,123 | €97,912 | +€87,790 | +867% |
| Amounts receivable within one year | 40/41 | €10,123 | €96,843 | +€86,720 | +857% |
| Trade receivables | 40 | - | €87,145 | +€87,145 | |
| Other amounts receivable | 41 | €10,123 | €9,698 | -€425 | -4.2% |
| Cash at bank and in hand | 54/58 | - | €1,070 | +€1,070 | |
| Total equity and liabilities | 10/49 | €30,181 | €185,716 | +€155,535 | +515% |
| Equity | 10/15 | €8,691 | -€28,176 | -€36,867 | |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,310 | -€38,176 | -€36,867 | -2,815% |
| Amounts payable | 17/49 | €21,491 | €213,892 | +€192,401 | +895% |
| Amounts payable after more than one year | 17 | - | €59,904 | +€59,904 | |
| Financial debts | 170/4 | - | €59,904 | +€59,904 | |
| Amounts payable within one year | 42/48 | €21,491 | €153,988 | +€132,497 | +617% |
| Current portion of amounts payable after more than one year | 42 | - | €18,443 | +€18,443 | |
| Trade debts | 44 | - | €2,971 | +€2,971 | |
| Suppliers | 440/4 | - | €2,971 | +€2,971 | |
| Advances received on contracts in progress | 46 | - | €61,983 | +€61,983 | |
| Taxes, remuneration and social security | 45 | - | €721 | +€721 | |
| Taxes | 450/3 | - | €721 | +€721 | |
| Other amounts payable | 47/48 | €21,491 | €69,870 | +€48,379 | +225% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €13,433 | +€13,433 | |
| Other operating charges | 640/8 | - | €680 | +€680 | |
| Gross operating margin | 9900 | -€1,310 | -€17,938 | -€16,629 | -1,270% |
| Operating profit (loss) | 9901 | -€1,310 | -€32,052 | -€30,742 | -2,348% |
| Financial income | 75/76B | - | €19 | +€19 | |
| Recurring financial income | 75 | - | €19 | +€19 | |
| Financial charges | 65/66B | - | €4,534 | +€4,534 | |
| Recurring financial charges | 65 | - | €4,534 | +€4,534 | |
| Profit (loss) for the period before taxes | 9903 | -€1,310 | -€36,567 | -€35,257 | -2,692% |
| Income taxes | 67/77 | - | €300 | +€300 | |
| Profit (loss) for the period | 9904 | -€1,310 | -€36,867 | -€35,557 | -2,715% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,310 | -€36,867 | -€35,557 | -2,715% |
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 16 October 2026 via checked.be.