DELANAYE: 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.
DELANAYE
Largest movements
- Tangible fixed assets -€140,062
down €140,062 (-24.2%), from €577,708 to €437,646
- Receivables within one year +€44,799
up €44,799 (+21.9%), from €204,494 to €249,293
of which Trade receivables: +€27,855
- Deferred charges and accrued income +€11,180
up €11,180 (+2,063%), from €542 to €11,722
- Profit (loss) carried forward -€373,968
down €373,968 (-100%), from €373,968 to €0
- Other debts +€177,330
up €177,330 (+221%), from €80,374 to €257,703
- Tax, wage and social debts +€55,892
up €55,892 (+299%), from €18,679 to €74,571
of which Taxes: +€51,764
- Trade debts +€53,132
up €53,132 (+116%), from €45,782 to €98,914
- Current portion of long-term debt +€12,772
up €12,772 (+20.2%), from €63,201 to €75,973
- Gross operating margin -€149,958
down €149,958 (-31.3%), from €478,617 to €328,659
- Staff costs -€85,068
down €85,068 (-65.1%), from €130,579 to €45,511
- Other operating charges -€27,320
down €27,320 (-65.6%), from €41,644 to €14,324
- Depreciation -€20,432
down €20,432 (-11.3%), from €180,028 to €159,596
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 | €899,997 | €821,322 | -€78,675 | -8.7% |
| Fixed assets | 21/28 | €578,043 | €437,981 | -€140,062 | -24.2% |
| Tangible fixed assets | 22/27 | €577,708 | €437,646 | -€140,062 | -24.2% |
| Land and buildings | 22 | €239,608 | €218,591 | -€21,017 | -8.8% |
| Plant, machinery and equipment | 23 | €90,751 | €65,849 | -€24,902 | -27.4% |
| Furniture and vehicles | 24 | €114,590 | €63,182 | -€51,408 | -44.9% |
| Leasing and similar rights | 25 | €132,758 | €90,024 | -€42,735 | -32.2% |
| Financial fixed assets | 28 | €335 | €335 | = | 0.0% |
| Current assets | 29/58 | €321,954 | €383,341 | +€61,388 | +19.1% |
| Amounts receivable within one year | 40/41 | €204,494 | €249,293 | +€44,799 | +21.9% |
| Trade receivables | 40 | €162,954 | €190,810 | +€27,855 | +17.1% |
| Other amounts receivable | 41 | €41,540 | €58,483 | +€16,943 | +40.8% |
| Cash at bank and in hand | 54/58 | €116,917 | €122,327 | +€5,409 | +4.6% |
| Deferred charges and accrued income | 490/1 | €542 | €11,722 | +€11,180 | +2,063% |
| Total equity and liabilities | 10/49 | €899,997 | €821,322 | -€78,675 | -8.7% |
| Equity | 10/15 | €394,428 | €20,460 | -€373,968 | -94.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €373,968 | €0 | -€373,968 | -100% |
| Amounts payable | 17/49 | €505,569 | €800,862 | +€295,293 | +58.4% |
| Amounts payable after more than one year | 17 | €297,533 | €293,700 | -€3,832 | -1.3% |
| Financial debts | 170/4 | €297,533 | €293,700 | -€3,832 | -1.3% |
| Amounts payable within one year | 42/48 | €208,036 | €507,162 | +€299,125 | +144% |
| Current portion of amounts payable after more than one year | 42 | €63,201 | €75,973 | +€12,772 | +20.2% |
| Trade debts | 44 | €45,782 | €98,914 | +€53,132 | +116% |
| Suppliers | 440/4 | €45,782 | €98,914 | +€53,132 | +116% |
| Taxes, remuneration and social security | 45 | €18,679 | €74,571 | +€55,892 | +299% |
| Taxes | 450/3 | €16,271 | €68,035 | +€51,764 | +318% |
| Remuneration and social security | 454/9 | €2,408 | €6,537 | +€4,128 | +171% |
| Other amounts payable | 47/48 | €80,374 | €257,703 | +€177,330 | +221% |
| Non-recurring operating income | 76A | €12,397 | €21,281 | +€8,884 | +71.7% |
| Remuneration, social security and pensions | 62 | €130,579 | €45,511 | -€85,068 | -65.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €180,028 | €159,596 | -€20,432 | -11.3% |
| Other operating charges | 640/8 | €41,644 | €14,324 | -€27,320 | -65.6% |
| Non-recurring operating charges | 66A | €1,069 | €0 | -€1,069 | -100% |
| Gross operating margin | 9900 | €478,617 | €328,659 | -€149,958 | -31.3% |
| Operating profit (loss) | 9901 | €125,296 | €109,228 | -€16,068 | -12.8% |
| Financial income | 75/76B | €0 | €175 | +€175 | +1,749,900% |
| Recurring financial income | 75 | €0 | €175 | +€175 | +1,749,900% |
| Financial charges | 65/66B | €19,911 | €19,550 | -€361 | -1.8% |
| Recurring financial charges | 65 | €19,911 | €19,550 | -€361 | -1.8% |
| Profit (loss) for the period before taxes | 9903 | €105,385 | €89,853 | -€15,532 | -14.7% |
| Income taxes | 67/77 | €21,216 | €17,936 | -€3,279 | -15.5% |
| Profit (loss) for the period | 9904 | €84,169 | €71,917 | -€12,252 | -14.6% |
| Profit (loss) for the period to be appropriated | 9905 | €84,169 | €71,917 | -€12,252 | -14.6% |
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 23 October 2026 via checked.be.