DELAIDE M.: what changed
Two fiscal 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.
DELAIDE M.
Largest movements
- Cash -€16,878
down €16,878 (-32.6%), from €51,739 to €34,861
mainly Contributions, distributions and other (-€30,571) and Other debts (-€15,005)
- Receivables within one year -€12,375
down €12,375 (-30.6%), from €40,401 to €28,027
of which Trade receivables: -€13,508
- Deferred charges and accrued income -€1,840
down €1,840 (-97.4%), from €1,888 to €48
- Reserves -€25,000
down €25,000 (-56.8%), from €44,000 to €19,000
- Other debts -€15,005
down €15,005 (-81.2%), from €18,473 to €3,468
- Advances received +€9,345
up €9,345 (+106.3%), from €8,794 to €18,139
- Trade debts -€5,022
down €5,022 (-30.8%), from €16,331 to €11,308
- Tax, wage and social debts +€4,419
up €4,419 (+27.4%), from €16,118 to €20,537
of which Taxes: +€4,359
- Purchases and services -€40,040
down €40,040 (-21.4%), from €187,239 to €147,199
- Gross operating margin -€10,801
down €10,801 (-12.5%), from €86,086 to €75,285
- Financial charges +€1,930
up €1,930 (+243.5%), from €793 to €2,723
- Other operating charges +€1,590
up €1,590 (+61.7%), from €2,578 to €4,167
- Staff costs +€1,308
up €1,308 (+2.3%), from €56,822 to €58,130
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 | €123,059 | €91,968 | -€31,092 | -25.3% |
| Fixed assets | 21/28 | €394 | €394 | = | 0.0% |
| Financial fixed assets | 28 | €394 | €394 | = | 0.0% |
| Current assets | 29/58 | €122,665 | €91,574 | -€31,092 | -25.3% |
| Stocks and contracts in progress | 3 | €28,638 | €28,638 | = | 0.0% |
| Stocks | 30/36 | €28,638 | €28,638 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €40,401 | €28,027 | -€12,375 | -30.6% |
| Trade receivables | 40 | €40,401 | €26,893 | -€13,508 | -33.4% |
| Other amounts receivable | 41 | - | €1,134 | +€1,134 | |
| Cash at bank and in hand | 54/58 | €51,739 | €34,861 | -€16,878 | -32.6% |
| Deferred charges and accrued income | 490/1 | €1,888 | €48 | -€1,840 | -97.4% |
| Total equity and liabilities | 10/49 | €123,059 | €91,968 | -€31,092 | -25.3% |
| Equity | 10/15 | €63,344 | €38,515 | -€24,829 | -39.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €44,000 | €19,000 | -€25,000 | -56.8% |
| Distributable reserves | 133 | €44,000 | €19,000 | -€25,000 | -56.8% |
| Profit (loss) carried forward | 14 | €752 | €923 | +€171 | +22.8% |
| Amounts payable | 17/49 | €59,716 | €53,452 | -€6,263 | -10.5% |
| Amounts payable within one year | 42/48 | €59,716 | €53,452 | -€6,263 | -10.5% |
| Trade debts | 44 | €16,331 | €11,308 | -€5,022 | -30.8% |
| Suppliers | 440/4 | €16,331 | €11,308 | -€5,022 | -30.8% |
| Advances received on contracts in progress | 46 | €8,794 | €18,139 | +€9,345 | +106.3% |
| Taxes, remuneration and social security | 45 | €16,118 | €20,537 | +€4,419 | +27.4% |
| Taxes | 450/3 | €16,118 | €20,477 | +€4,359 | +27.0% |
| Remuneration and social security | 454/9 | - | €60 | +€60 | |
| Other amounts payable | 47/48 | €18,473 | €3,468 | -€15,005 | -81.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €187,239 | €147,199 | -€40,040 | -21.4% |
| Remuneration, social security and pensions | 62 | €56,822 | €58,130 | +€1,308 | +2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €881 | - | -€881 | |
| Other operating charges | 640/8 | €2,578 | €4,167 | +€1,590 | +61.7% |
| Gross operating margin | 9900 | €86,086 | €75,285 | -€10,801 | -12.5% |
| Operating profit (loss) | 9901 | €25,805 | €12,988 | -€12,818 | -49.7% |
| Financial income | 75/76B | €166 | €0 | -€166 | -100.0% |
| Recurring financial income | 75 | €166 | €0 | -€166 | -100.0% |
| Financial charges | 65/66B | €793 | €2,723 | +€1,930 | +243.5% |
| Recurring financial charges | 65 | €793 | €2,723 | +€1,930 | +243.5% |
| Profit (loss) for the period before taxes | 9903 | €25,179 | €10,265 | -€14,913 | -59.2% |
| Income taxes | 67/77 | €3,307 | €4,522 | +€1,215 | +36.8% |
| Profit (loss) for the period | 9904 | €21,872 | €5,743 | -€16,129 | -73.7% |
| Profit (loss) for the period to be appropriated | 9905 | €21,872 | €5,743 | -€16,129 | -73.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.