DELAN 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.
DELAN MANAGEMENT
Largest movements
- Receivables within one year -€2,211
down €2,211 (-33.3%), from €6,637 to €4,426
of which Trade receivables: -€2,231
- Tangible fixed assets +€1,297
up €1,297, from €0 to €1,297
of which Plant, machinery and equipment: +€1,297
- Deferred charges and accrued income +€522
up €522 (+132%), from €396 to €917
- Cash -€470
down €470 (-100%), from €470 to €0
mainly Net result for the year (-€4,237) and Investment in fixed assets (net) (-€1,537)
- Profit (loss) carried forward -€4,237
down €4,237 (-11.2%), from -€37,736 to -€41,974
- Short-term financial debts +€2,284
new in 2025: €2,284
- Debts after one year +€1,510
up €1,510 (+9.9%), from €15,235 to €16,745
- Tax, wage and social debts -€541
down €541 (-19.3%), from €2,801 to €2,260
- Trade debts +€122
up €122 (+3.5%), from €3,515 to €3,637
- Other operating charges -€991
down €991 (-35.4%), from €2,796 to €1,805
- Gross operating margin -€775
down €775 (-116%), from -€668 to -€1,443
- Financial income -€695
no longer reported in 2025 (was €695)
- Depreciation +€240
new in 2025: €240
- Financial charges +€194
up €194 (+82.5%), from €235 to €428
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 | €7,503 | €6,640 | -€863 | -11.5% |
| Fixed assets | 21/28 | €0 | €1,297 | +€1,297 | |
| Tangible fixed assets | 22/27 | €0 | €1,297 | +€1,297 | |
| Plant, machinery and equipment | 23 | €0 | €1,297 | +€1,297 | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Current assets | 29/58 | €7,503 | €5,343 | -€2,160 | -28.8% |
| Amounts receivable within one year | 40/41 | €6,637 | €4,426 | -€2,211 | -33.3% |
| Trade receivables | 40 | €6,637 | €4,407 | -€2,231 | -33.6% |
| Other amounts receivable | 41 | - | €20 | +€20 | |
| Cash at bank and in hand | 54/58 | €470 | €0 | -€470 | -100% |
| Deferred charges and accrued income | 490/1 | €396 | €917 | +€522 | +132% |
| Total equity and liabilities | 10/49 | €7,503 | €6,640 | -€863 | -11.5% |
| Equity | 10/15 | -€14,048 | -€18,286 | -€4,237 | -30.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €5,088 | €5,088 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,088 | €5,088 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,088 | €5,088 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€37,736 | -€41,974 | -€4,237 | -11.2% |
| Amounts payable | 17/49 | €21,551 | €24,926 | +€3,375 | +15.7% |
| Amounts payable after more than one year | 17 | €15,235 | €16,745 | +€1,510 | +9.9% |
| Financial debts | 170/4 | €15,235 | €16,745 | +€1,510 | +9.9% |
| Amounts payable within one year | 42/48 | €6,316 | €8,180 | +€1,864 | +29.5% |
| Financial debts | 43 | - | €2,284 | +€2,284 | |
| Credit institutions | 430/8 | - | €2,284 | +€2,284 | |
| Trade debts | 44 | €3,515 | €3,637 | +€122 | +3.5% |
| Suppliers | 440/4 | €3,515 | €3,637 | +€122 | +3.5% |
| Taxes, remuneration and social security | 45 | €2,801 | €2,260 | -€541 | -19.3% |
| Taxes | 450/3 | €2,801 | €2,260 | -€541 | -19.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €240 | +€240 | |
| Other operating charges | 640/8 | €2,796 | €1,805 | -€991 | -35.4% |
| Gross operating margin | 9900 | -€668 | -€1,443 | -€775 | -116% |
| Operating profit (loss) | 9901 | -€3,464 | -€3,488 | -€24 | -0.7% |
| Financial income | 75/76B | €695 | - | -€695 | |
| Recurring financial income | 75 | €695 | - | -€695 | |
| Financial charges | 65/66B | €235 | €428 | +€194 | +82.5% |
| Recurring financial charges | 65 | €235 | €428 | +€194 | +82.5% |
| Profit (loss) for the period before taxes | 9903 | -€3,003 | -€3,916 | -€913 | -30.4% |
| Income taxes | 67/77 | €311 | €322 | +€10 | +3.3% |
| Profit (loss) for the period | 9904 | -€3,314 | -€4,237 | -€923 | -27.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,314 | -€4,237 | -€923 | -27.9% |
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 21 October 2026 via checked.be.