DELALEX: 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.
DELALEX
Largest movements
- Cash +€59,537
up €59,537 (+345.5%), from €17,232 to €76,769
mainly Net result for the year (+€43,795) and Receivables within one year (+€42,349)
- Receivables within one year -€42,349
down €42,349 (-59.5%), from €71,177 to €28,828
of which Trade receivables: -€25,613
- Tangible fixed assets -€16,268
down €16,268 (-25.6%), from €63,513 to €47,244
of which Furniture and vehicles: -€15,841
- Current investments +€10,121
up €10,121 (+61.5%), from €16,465 to €26,586
- Debts after one year -€26,418
down €26,418 (-23.2%), from €113,988 to €87,570
- Other debts +€21,615
up €21,615 (+94.5%), from €22,881 to €44,495
- Reserves +€20,086
up €20,086 (+12.4%), from €161,538 to €181,625
- Tax, wage and social debts -€4,807
down €4,807 (-42.9%), from €11,207 to €6,400
- Financial income -€17,076
down €17,076 (-36.9%), from €46,307 to €29,232
- Gross operating margin -€13,348
down €13,348 (-21.0%), from €63,509 to €50,161
- Taxes -€4,710
down €4,710 (-27.2%), from €17,348 to €12,638
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 | €349,265 | €360,487 | +€11,221 | +3.2% |
| Fixed assets | 21/28 | €242,022 | €225,753 | -€16,268 | -6.7% |
| Tangible fixed assets | 22/27 | €63,513 | €47,244 | -€16,268 | -25.6% |
| Plant, machinery and equipment | 23 | €427 | €0 | -€427 | -100.0% |
| Furniture and vehicles | 24 | €63,086 | €47,244 | -€15,841 | -25.1% |
| Financial fixed assets | 28 | €178,509 | €178,509 | = | 0.0% |
| Current assets | 29/58 | €107,243 | €134,733 | +€27,490 | +25.6% |
| Amounts receivable within one year | 40/41 | €71,177 | €28,828 | -€42,349 | -59.5% |
| Trade receivables | 40 | €25,613 | €0 | -€25,613 | -100.0% |
| Other amounts receivable | 41 | €45,564 | €28,828 | -€16,737 | -36.7% |
| Current investments | 50/53 | €16,465 | €26,586 | +€10,121 | +61.5% |
| Cash at bank and in hand | 54/58 | €17,232 | €76,769 | +€59,537 | +345.5% |
| Deferred charges and accrued income | 490/1 | €2,370 | €2,550 | +€180 | +7.6% |
| Total equity and liabilities | 10/49 | €349,265 | €360,487 | +€11,221 | +3.2% |
| Equity | 10/15 | €173,938 | €194,025 | +€20,086 | +11.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €161,538 | €181,625 | +€20,086 | +12.4% |
| Distributable reserves | 133 | €161,538 | €181,625 | +€20,086 | +12.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €175,327 | €166,462 | -€8,865 | -5.1% |
| Amounts payable after more than one year | 17 | €113,988 | €87,570 | -€26,418 | -23.2% |
| Financial debts | 170/4 | €113,988 | €87,570 | -€26,418 | -23.2% |
| Amounts payable within one year | 42/48 | €60,477 | €77,816 | +€17,338 | +28.7% |
| Current portion of amounts payable after more than one year | 42 | €25,483 | €26,418 | +€935 | +3.7% |
| Trade debts | 44 | €907 | €503 | -€404 | -44.6% |
| Suppliers | 440/4 | €907 | €503 | -€404 | -44.6% |
| Taxes, remuneration and social security | 45 | €11,207 | €6,400 | -€4,807 | -42.9% |
| Taxes | 450/3 | €11,207 | €6,400 | -€4,807 | -42.9% |
| Other amounts payable | 47/48 | €22,881 | €44,495 | +€21,615 | +94.5% |
| Accrued charges and deferred income | 492/3 | €862 | €1,076 | +€214 | +24.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,205 | €16,268 | +€63 | +0.4% |
| Other operating charges | 640/8 | €818 | €790 | -€28 | -3.5% |
| Gross operating margin | 9900 | €63,509 | €50,161 | -€13,348 | -21.0% |
| Operating profit (loss) | 9901 | €46,485 | €33,103 | -€13,383 | -28.8% |
| Financial income | 75/76B | €46,307 | €29,232 | -€17,076 | -36.9% |
| Recurring financial income | 75 | €46,307 | €29,232 | -€17,076 | -36.9% |
| Financial charges | 65/66B | €6,421 | €5,902 | -€519 | -8.1% |
| Recurring financial charges | 65 | €6,421 | €5,902 | -€519 | -8.1% |
| Profit (loss) for the period before taxes | 9903 | €86,372 | €56,433 | -€29,939 | -34.7% |
| Income taxes | 67/77 | €17,348 | €12,638 | -€4,710 | -27.2% |
| Profit (loss) for the period | 9904 | €69,024 | €43,795 | -€25,229 | -36.6% |
| Profit (loss) for the period to be appropriated | 9905 | €69,024 | €43,795 | -€25,229 | -36.6% |
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.