DELARUE: what changed
What changed
DELARUE
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
filed annual accounts (NBB)
Net result for the year
-€17,180
2024 · €187,483-€204,663
Equity
€129,432
2024 · €146,612-€17,180
Cash
€8,328
2024 · €3,439+€4,889
Balance sheet total
€944,224
2024 · €865,531+€78,693
Largest movements
Assets
- Tangible fixed assets +€44,582
up €44,582 (+6.0%), from €741,551 to €786,134
of which Land and buildings: +€45,538
- Receivables within one year +€30,834
up €30,834 (+26.3%), from €117,107 to €147,941
Equity and liabilities
- Debts after one year +€401,136
up €401,136 (+147%), from €273,741 to €674,877
of which Other amounts payable: +€407,900
- Other debts -€359,128
down €359,128 (-97.5%), from €368,447 to €9,318
- Short-term financial debts +€77,835
up €77,835 (+238%), from €32,649 to €110,484
- Tax, wage and social debts -€22,649
down €22,649 (-71.1%), from €31,860 to €9,211
of which Taxes: -€19,570
- Profit (loss) carried forward -€17,180
down €17,180 (-3.3%), from -€523,324 to -€540,505
Income statement
- Gross operating margin -€226,957
down €226,957 (-60.9%), from €372,736 to €145,779
- Financial charges -€19,120
down €19,120 (-56.2%), from €34,014 to €14,895
- Taxes -€18,727
down €18,727 (-97.6%), from €19,192 to €466
- Depreciation +€9,244
up €9,244 (+16.8%), from €55,151 to €64,395
- Staff costs +€5,466
up €5,466 (+8.8%), from €62,387 to €67,853
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€187,483
Gross operating margin
-€226,957
Staff costs
-€5,466
Depreciation
-€9,244
Other operating charges
-€840
Financial income
-€2
Financial charges
+€19,120
Taxes
+€18,727
Result 2025
-€17,180
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€365,238
Investment
-€108,977
Financing
+€479,103
Cash 2024
€3,439
From operations (derived)
-€365,238
Net result for the year
-€17,180
Depreciation
+€64,395
Receivables within one year
-€30,834
Deferred charges and accrued income
+€1,612
Trade debts
-€313
Tax, wage and social debts
-€22,649
Other debts
-€359,128
Accrued charges and deferred income
-€1,141
Investment (derived)
-€108,977
Investment in fixed assets (net)
-€108,977
Financing
+€479,103
Debts after one year
+€401,136
Current portion of long-term debt
+€132
Short-term financial debts
+€77,835
Cash 2025
€8,328
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €865,531 | €944,224 | +€78,693 | +9.1% |
| Fixed assets | 21/28 | €741,551 | €786,134 | +€44,582 | +6.0% |
| Tangible fixed assets | 22/27 | €741,551 | €786,134 | +€44,582 | +6.0% |
| Land and buildings | 22 | €732,767 | €778,305 | +€45,538 | +6.2% |
| Furniture and vehicles | 24 | €8,785 | €7,829 | -€956 | -10.9% |
| Current assets | 29/58 | €123,980 | €158,091 | +€34,111 | +27.5% |
| Amounts receivable within one year | 40/41 | €117,107 | €147,941 | +€30,834 | +26.3% |
| Other amounts receivable | 41 | €117,107 | €147,941 | +€30,834 | +26.3% |
| Cash at bank and in hand | 54/58 | €3,439 | €8,328 | +€4,889 | +142% |
| Deferred charges and accrued income | 490/1 | €3,434 | €1,822 | -€1,612 | -46.9% |
| Total equity and liabilities | 10/49 | €865,531 | €944,224 | +€78,693 | +9.1% |
| Equity | 10/15 | €146,612 | €129,432 | -€17,180 | -11.7% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Revaluation surpluses | 12 | €274,453 | €274,453 | = | 0.0% |
| Reserves | 13 | €376,483 | €376,483 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €757 | €757 | = | 0.0% |
| Distributable reserves | 133 | €375,726 | €375,726 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€523,324 | -€540,505 | -€17,180 | -3.3% |
| Amounts payable | 17/49 | €718,920 | €814,793 | +€95,873 | +13.3% |
| Amounts payable after more than one year | 17 | €273,741 | €674,877 | +€401,136 | +147% |
| Financial debts | 170/4 | €50,918 | €44,154 | -€6,764 | -13.3% |
| Other amounts payable | 178/9 | €222,823 | €630,723 | +€407,900 | +183% |
| Amounts payable within one year | 42/48 | €440,786 | €136,663 | -€304,123 | -69.0% |
| Current portion of amounts payable after more than one year | 42 | €6,632 | €6,764 | +€132 | +2.0% |
| Financial debts | 43 | €32,649 | €110,484 | +€77,835 | +238% |
| Credit institutions | 430/8 | €32,649 | €110,484 | +€77,835 | +238% |
| Trade debts | 44 | €1,199 | €886 | -€313 | -26.1% |
| Suppliers | 440/4 | €1,199 | €886 | -€313 | -26.1% |
| Taxes, remuneration and social security | 45 | €31,860 | €9,211 | -€22,649 | -71.1% |
| Taxes | 450/3 | €20,036 | €466 | -€19,570 | -97.7% |
| Remuneration and social security | 454/9 | €11,823 | €8,745 | -€3,078 | -26.0% |
| Other amounts payable | 47/48 | €368,447 | €9,318 | -€359,128 | -97.5% |
| Accrued charges and deferred income | 492/3 | €4,393 | €3,253 | -€1,141 | -26.0% |
| Remuneration, social security and pensions | 62 | €62,387 | €67,853 | +€5,466 | +8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,151 | €64,395 | +€9,244 | +16.8% |
| Other operating charges | 640/8 | €14,511 | €15,351 | +€840 | +5.8% |
| Gross operating margin | 9900 | €372,736 | €145,779 | -€226,957 | -60.9% |
| Operating profit (loss) | 9901 | €240,688 | -€1,820 | -€242,508 | |
| Financial income | 75/76B | €2 | €0 | -€2 | -86.5% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -86.5% |
| Financial charges | 65/66B | €34,014 | €14,895 | -€19,120 | -56.2% |
| Recurring financial charges | 65 | €34,014 | €14,895 | -€19,120 | -56.2% |
| Profit (loss) for the period before taxes | 9903 | €206,675 | -€16,714 | -€223,390 | |
| Income taxes | 67/77 | €19,192 | €466 | -€18,727 | -97.6% |
| Profit (loss) for the period | 9904 | €187,483 | -€17,180 | -€204,663 | |
| Profit (loss) for the period to be appropriated | 9905 | €187,483 | -€17,180 | -€204,663 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 May 2024 and 31 May 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.