DELANECK: 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.
DELANECK
Largest movements
- Tangible fixed assets -€41,008
down €41,008 (-2.7%), from €1.5m to €1.5m
of which Land and buildings: -€36,855
- Deferred charges and accrued income -€16,079
down €16,079 (-79.7%), from €20,186 to €4,107
- Debts after one year -€93,550
down €93,550 (-15.4%), from €606,080 to €512,530
- Other debts -€56,815
down €56,815 (-28.4%), from €200,349 to €143,534
- Reserves +€52,602
up €52,602 (+25.5%), from €206,504 to €259,106
of which Distributable reserves: +€52,602
- Short-term financial debts +€30,924
up €30,924 (+16.5%), from €187,011 to €217,935
- Gross operating margin +€34,096
up €34,096 (+18.4%), from €185,399 to €219,495
- Taxes +€16,139
up €16,139 (+192.6%), from €8,380 to €24,519
- Depreciation -€11,446
down €11,446 (-14.0%), from €82,009 to €70,564
- Financial charges -€10,354
down €10,354 (-17.5%), from €59,204 to €48,850
- Other operating charges +€2,875
up €2,875 (+14.4%), from €19,992 to €22,867
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 | €1,552,444 | €1,491,489 | -€60,955 | -3.9% |
| Fixed assets | 21/28 | €1,515,750 | €1,474,742 | -€41,008 | -2.7% |
| Tangible fixed assets | 22/27 | €1,515,750 | €1,474,742 | -€41,008 | -2.7% |
| Land and buildings | 22 | €1,494,613 | €1,457,758 | -€36,855 | -2.5% |
| Plant, machinery and equipment | 23 | €20,053 | €14,750 | -€5,304 | -26.4% |
| Furniture and vehicles | 24 | €1,084 | €2,234 | +€1,150 | +106.1% |
| Current assets | 29/58 | €36,694 | €16,747 | -€19,947 | -54.4% |
| Stocks and contracts in progress | 3 | €500 | €500 | = | 0.0% |
| Stocks | 30/36 | €500 | €500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €16,003 | €11,280 | -€4,722 | -29.5% |
| Trade receivables | 40 | €3,966 | €3,657 | -€309 | -7.8% |
| Other amounts receivable | 41 | €12,037 | €7,623 | -€4,413 | -36.7% |
| Cash at bank and in hand | 54/58 | €5 | €860 | +€854 | +15645.8% |
| Deferred charges and accrued income | 490/1 | €20,186 | €4,107 | -€16,079 | -79.7% |
| Total equity and liabilities | 10/49 | €1,552,444 | €1,491,489 | -€60,955 | -3.9% |
| Equity | 10/15 | €406,504 | €459,106 | +€52,602 | +12.9% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Outside capital | 11 | €200,000 | €200,000 | = | 0.0% |
| Other | 1109/19 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €206,504 | €259,106 | +€52,602 | +25.5% |
| Non-distributable reserves | 130/1 | €20,000 | €20,000 | = | 0.0% |
| Legal reserve | 130 | €20,000 | €20,000 | = | 0.0% |
| Distributable reserves | 133 | €186,504 | €239,106 | +€52,602 | +28.2% |
| Amounts payable | 17/49 | €1,145,940 | €1,032,383 | -€113,557 | -9.9% |
| Amounts payable after more than one year | 17 | €606,080 | €512,530 | -€93,550 | -15.4% |
| Financial debts | 170/4 | €606,080 | €512,530 | -€93,550 | -15.4% |
| Amounts payable within one year | 42/48 | €518,910 | €485,844 | -€33,065 | -6.4% |
| Current portion of amounts payable after more than one year | 42 | €98,403 | €93,550 | -€4,853 | -4.9% |
| Financial debts | 43 | €187,011 | €217,935 | +€30,924 | +16.5% |
| Credit institutions | 430/8 | €187,011 | €217,935 | +€30,924 | +16.5% |
| Trade debts | 44 | €32,188 | €21,306 | -€10,882 | -33.8% |
| Suppliers | 440/4 | €32,188 | €21,306 | -€10,882 | -33.8% |
| Taxes, remuneration and social security | 45 | €959 | €9,519 | +€8,560 | +892.5% |
| Taxes | 450/3 | €959 | €9,519 | +€8,560 | +892.5% |
| Other amounts payable | 47/48 | €200,349 | €143,534 | -€56,815 | -28.4% |
| Accrued charges and deferred income | 492/3 | €20,950 | €34,009 | +€13,058 | +62.3% |
| Remuneration, social security and pensions | 62 | €239 | €277 | +€38 | +15.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €82,009 | €70,564 | -€11,446 | -14.0% |
| Other operating charges | 640/8 | €19,992 | €22,867 | +€2,875 | +14.4% |
| Gross operating margin | 9900 | €185,399 | €219,495 | +€34,096 | +18.4% |
| Operating profit (loss) | 9901 | €83,159 | €125,787 | +€42,628 | +51.3% |
| Financial income | 75/76B | €413 | €184 | -€230 | -55.6% |
| Recurring financial income | 75 | €413 | €184 | -€230 | -55.6% |
| Financial charges | 65/66B | €59,204 | €48,850 | -€10,354 | -17.5% |
| Recurring financial charges | 65 | €59,204 | €48,850 | -€10,354 | -17.5% |
| Profit (loss) for the period before taxes | 9903 | €24,368 | €77,121 | +€52,753 | +216.5% |
| Income taxes | 67/77 | €8,380 | €24,519 | +€16,139 | +192.6% |
| Profit (loss) for the period | 9904 | €15,989 | €52,602 | +€36,614 | +229.0% |
| Profit (loss) for the period to be appropriated | 9905 | €15,989 | €52,602 | +€36,614 | +229.0% |
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 6 October 2026 via checked.be.