DELAMBUSART: 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.
DELAMBUSART
Largest movements
- Tangible fixed assets -€210,912
down €210,912 (-14.1%), from €1.5m to €1.3m
of which Plant, machinery and equipment: -€175,611
- Receivables within one year -€59,863
down €59,863 (-34.6%), from €173,220 to €113,358
of which Other amounts receivable: -€139,984
- Stocks and contracts -€50,567
down €50,567 (-9.3%), from €543,983 to €493,416
- Profit (loss) carried forward -€257,722
down €257,722 (-36.3%), from -€709,943 to -€967,665
- Other debts -€135,203
down €135,203 (-44.0%), from €307,259 to €172,056
- Trade debts +€133,033
up €133,033 (+17.1%), from €775,757 to €908,790
- Debts after one year -€83,076
down €83,076 (-7.3%), from €1.1m to €1.0m
- Tax, wage and social debts -€35,509
down €35,509 (-43.9%), from €80,802 to €45,293
of which Taxes: -€18,395
- Staff costs -€113,909
down €113,909 (-20.0%), from €570,964 to €457,055
- Gross operating margin +€56,670
up €56,670 (+10.4%), from €545,302 to €601,972
- Depreciation +€21,388
up €21,388 (+7.0%), from €307,193 to €328,581
- Other operating charges +€7,331
up €7,331 (+222%), from €3,301 to €10,632
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 | €2,303,464 | €1,974,793 | -€328,671 | -14.3% |
| Fixed assets | 21/28 | €1,491,563 | €1,282,151 | -€209,412 | -14.0% |
| Tangible fixed assets | 22/27 | €1,491,563 | €1,280,651 | -€210,912 | -14.1% |
| Plant, machinery and equipment | 23 | €1,074,452 | €898,841 | -€175,611 | -16.3% |
| Furniture and vehicles | 24 | €11,530 | €15,883 | +€4,353 | +37.8% |
| Other tangible fixed assets | 26 | €405,581 | €365,927 | -€39,654 | -9.8% |
| Financial fixed assets | 28 | - | €1,500 | +€1,500 | |
| Current assets | 29/58 | €811,901 | €692,642 | -€119,259 | -14.7% |
| Stocks and contracts in progress | 3 | €543,983 | €493,416 | -€50,567 | -9.3% |
| Stocks | 30/36 | €543,983 | €493,416 | -€50,567 | -9.3% |
| Amounts receivable within one year | 40/41 | €173,220 | €113,358 | -€59,863 | -34.6% |
| Trade receivables | 40 | €20,534 | €100,655 | +€80,121 | +390% |
| Other amounts receivable | 41 | €152,686 | €12,703 | -€139,984 | -91.7% |
| Cash at bank and in hand | 54/58 | €94,698 | €85,868 | -€8,830 | -9.3% |
| Total equity and liabilities | 10/49 | €2,303,464 | €1,974,793 | -€328,671 | -14.3% |
| Equity | 10/15 | -€549,943 | -€807,665 | -€257,722 | -46.9% |
| Contributions | 10/11 | €160,000 | €160,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€709,943 | -€967,665 | -€257,722 | -36.3% |
| Amounts payable | 17/49 | €2,853,407 | €2,782,458 | -€70,949 | -2.5% |
| Amounts payable after more than one year | 17 | €1,131,389 | €1,048,314 | -€83,076 | -7.3% |
| Financial debts | 170/4 | €1,131,389 | €1,048,314 | -€83,076 | -7.3% |
| Amounts payable within one year | 42/48 | €1,304,188 | €1,288,766 | -€15,422 | -1.2% |
| Current portion of amounts payable after more than one year | 42 | €140,370 | €159,585 | +€19,215 | +13.7% |
| Financial debts | 43 | - | €3,043 | +€3,043 | |
| Credit institutions | 430/8 | - | €3,043 | +€3,043 | |
| Trade debts | 44 | €775,757 | €908,790 | +€133,033 | +17.1% |
| Suppliers | 440/4 | €775,757 | €908,790 | +€133,033 | +17.1% |
| Taxes, remuneration and social security | 45 | €80,802 | €45,293 | -€35,509 | -43.9% |
| Taxes | 450/3 | €20,499 | €2,104 | -€18,395 | -89.7% |
| Remuneration and social security | 454/9 | €60,303 | €43,189 | -€17,114 | -28.4% |
| Other amounts payable | 47/48 | €307,259 | €172,056 | -€135,203 | -44.0% |
| Accrued charges and deferred income | 492/3 | €417,830 | €445,379 | +€27,548 | +6.6% |
| Remuneration, social security and pensions | 62 | €570,964 | €457,055 | -€113,909 | -20.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €307,193 | €328,581 | +€21,388 | +7.0% |
| Other operating charges | 640/8 | €3,301 | €10,632 | +€7,331 | +222% |
| Gross operating margin | 9900 | €545,302 | €601,972 | +€56,670 | +10.4% |
| Operating profit (loss) | 9901 | -€336,156 | -€194,296 | +€141,860 | +42.2% |
| Financial income | 75/76B | €328 | €499 | +€171 | +52.2% |
| Recurring financial income | 75 | €328 | €499 | +€171 | +52.2% |
| Financial charges | 65/66B | €63,651 | €63,718 | +€67 | +0.1% |
| Recurring financial charges | 65 | €63,651 | €63,718 | +€67 | +0.1% |
| Profit (loss) for the period before taxes | 9903 | -€399,479 | -€257,515 | +€141,964 | +35.5% |
| Income taxes | 67/77 | €297 | €207 | -€90 | -30.3% |
| Profit (loss) for the period | 9904 | -€399,776 | -€257,722 | +€142,053 | +35.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€399,776 | -€257,722 | +€142,053 | +35.5% |
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 25 October 2026 via checked.be.