Delaj: 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.
Delaj
Largest movements
- Cash +€48,236
up €48,236 (+49.6%), from €97,283 to €145,519
mainly Net result for the year (+€64,738) and Depreciation (+€4,012)
- Tangible fixed assets -€4,012
down €4,012 (-10.9%), from €36,955 to €32,943
of which Furniture and vehicles: -€3,548
- Receivables within one year -€2,775
down €2,775 (-18.1%), from €15,329 to €12,555
- Profit (loss) carried forward +€64,738
up €64,738 (+71.8%), from €90,182 to €154,920
- Tax, wage and social debts -€9,565
down €9,565 (-36.5%), from €26,186 to €16,620
of which Taxes: -€7,365
- Debts after one year -€8,227
down €8,227 (-33.9%), from €24,263 to €16,036
- Trade debts -€5,496
no longer reported in 2025 (was €5,496)
- Gross operating margin -€28,199
down €28,199 (-24.4%), from €115,589 to €87,390
- Taxes -€7,365
down €7,365 (-30.7%), from €23,986 to €16,620
- Depreciation +€3,167
up €3,167 (+374.9%), from €845 to €4,012
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 | €149,627 | €191,076 | +€41,449 | +27.7% |
| Fixed assets | 21/28 | €37,015 | €33,003 | -€4,012 | -10.8% |
| Tangible fixed assets | 22/27 | €36,955 | €32,943 | -€4,012 | -10.9% |
| Plant, machinery and equipment | 23 | €2,232 | €1,768 | -€464 | -20.8% |
| Furniture and vehicles | 24 | €34,723 | €31,175 | -€3,548 | -10.2% |
| Financial fixed assets | 28 | €60 | €60 | = | 0.0% |
| Current assets | 29/58 | €112,612 | €158,074 | +€45,461 | +40.4% |
| Amounts receivable within one year | 40/41 | €15,329 | €12,555 | -€2,775 | -18.1% |
| Other amounts receivable | 41 | €15,329 | €12,555 | -€2,775 | -18.1% |
| Cash at bank and in hand | 54/58 | €97,283 | €145,519 | +€48,236 | +49.6% |
| Total equity and liabilities | 10/49 | €149,627 | €191,076 | +€41,449 | +27.7% |
| Equity | 10/15 | €93,682 | €158,420 | +€64,738 | +69.1% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €90,182 | €154,920 | +€64,738 | +71.8% |
| Amounts payable | 17/49 | €55,945 | €32,656 | -€23,288 | -41.6% |
| Amounts payable after more than one year | 17 | €24,263 | €16,036 | -€8,227 | -33.9% |
| Financial debts | 170/4 | €24,263 | €16,036 | -€8,227 | -33.9% |
| Amounts payable within one year | 42/48 | €31,682 | €16,620 | -€15,061 | -47.5% |
| Trade debts | 44 | €5,496 | - | -€5,496 | |
| Suppliers | 440/4 | €5,496 | - | -€5,496 | |
| Taxes, remuneration and social security | 45 | €26,186 | €16,620 | -€9,565 | -36.5% |
| Taxes | 450/3 | €23,986 | €16,620 | -€7,365 | -30.7% |
| Remuneration and social security | 454/9 | €2,200 | - | -€2,200 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €845 | €4,012 | +€3,167 | +374.9% |
| Other operating charges | 640/8 | - | €1,037 | +€1,037 | |
| Gross operating margin | 9900 | €115,589 | €87,390 | -€28,199 | -24.4% |
| Operating profit (loss) | 9901 | €114,744 | €82,341 | -€32,403 | -28.2% |
| Financial income | 75/76B | - | €65 | +€65 | |
| Recurring financial income | 75 | - | €65 | +€65 | |
| Financial charges | 65/66B | €576 | €1,048 | +€472 | +81.9% |
| Recurring financial charges | 65 | €576 | €1,048 | +€472 | +81.9% |
| Profit (loss) for the period before taxes | 9903 | €114,168 | €81,358 | -€32,810 | -28.7% |
| Income taxes | 67/77 | €23,986 | €16,620 | -€7,365 | -30.7% |
| Profit (loss) for the period | 9904 | €90,182 | €64,738 | -€25,445 | -28.2% |
| Profit (loss) for the period to be appropriated | 9905 | €90,182 | €64,738 | -€25,445 | -28.2% |
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 7 October 2026 via checked.be.