DELAU: 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.
DELAU
Largest movements
- Receivables within one year +€4,868
up €4,868 (+33.4%), from €14,573 to €19,441
of which Trade receivables: +€2,496
- Deferred charges and accrued income +€817
up €817 (+86.4%), from €945 to €1,762
- Cash -€420
down €420 (-8.0%), from €5,224 to €4,804
mainly Receivables within one year (-€4,868) and Deferred charges and accrued income (-€817)
- Trade debts +€3,817
up €3,817 (+347.8%), from €1,097 to €4,915
- Debts after one year +€2,000
up €2,000 (+40.0%), from €5,000 to €7,000
- Profit (loss) carried forward -€594
new in 2025: -€594
- Gross operating margin -€6,357
down €6,357 (-56.5%), from €11,257 to €4,900
- Financial charges -€1,622
down €1,622 (-35.0%), from €4,631 to €3,009
- Taxes -€1,426
down €1,426 (-54.0%), from €2,642 to €1,216
- Other operating charges +€269
up €269 (+34.1%), from €788 to €1,057
- Depreciation +€159
up €159 (+296.8%), from €54 to €212
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 | €21,776 | €26,828 | +€5,052 | +23.2% |
| Fixed assets | 21/28 | €1,034 | €821 | -€212 | -20.6% |
| Tangible fixed assets | 22/27 | €584 | €371 | -€212 | -36.4% |
| Plant, machinery and equipment | 23 | €584 | €371 | -€212 | -36.4% |
| Financial fixed assets | 28 | €450 | €450 | = | 0.0% |
| Current assets | 29/58 | €20,742 | €26,007 | +€5,265 | +25.4% |
| Amounts receivable within one year | 40/41 | €14,573 | €19,441 | +€4,868 | +33.4% |
| Trade receivables | 40 | €3,473 | €5,968 | +€2,496 | +71.9% |
| Other amounts receivable | 41 | €11,100 | €13,473 | +€2,372 | +21.4% |
| Cash at bank and in hand | 54/58 | €5,224 | €4,804 | -€420 | -8.0% |
| Deferred charges and accrued income | 490/1 | €945 | €1,762 | +€817 | +86.4% |
| Total equity and liabilities | 10/49 | €21,776 | €26,828 | +€5,052 | +23.2% |
| Equity | 10/15 | €6,143 | €5,549 | -€594 | -9.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €3,143 | €3,143 | = | 0.0% |
| Distributable reserves | 133 | €3,143 | €3,143 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€594 | -€594 | |
| Amounts payable | 17/49 | €15,632 | €21,279 | +€5,647 | +36.1% |
| Amounts payable after more than one year | 17 | €5,000 | €7,000 | +€2,000 | +40.0% |
| Financial debts | 170/4 | €5,000 | €7,000 | +€2,000 | +40.0% |
| Amounts payable within one year | 42/48 | €10,632 | €14,279 | +€3,647 | +34.3% |
| Current portion of amounts payable after more than one year | 42 | €3,500 | €3,500 | = | 0.0% |
| Trade debts | 44 | €1,097 | €4,915 | +€3,817 | +347.8% |
| Suppliers | 440/4 | €1,097 | €4,915 | +€3,817 | +347.8% |
| Taxes, remuneration and social security | 45 | €6,035 | €5,865 | -€170 | -2.8% |
| Taxes | 450/3 | €5,539 | €4,865 | -€674 | -12.2% |
| Remuneration and social security | 454/9 | €496 | €1,000 | +€504 | +101.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54 | €212 | +€159 | +296.8% |
| Other operating charges | 640/8 | €788 | €1,057 | +€269 | +34.1% |
| Gross operating margin | 9900 | €11,257 | €4,900 | -€6,357 | -56.5% |
| Operating profit (loss) | 9901 | €10,416 | €3,631 | -€6,785 | -65.1% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €4,631 | €3,009 | -€1,622 | -35.0% |
| Recurring financial charges | 65 | €4,631 | €3,009 | -€1,622 | -35.0% |
| Profit (loss) for the period before taxes | 9903 | €5,786 | €621 | -€5,164 | -89.3% |
| Income taxes | 67/77 | €2,642 | €1,216 | -€1,426 | -54.0% |
| Profit (loss) for the period | 9904 | €3,143 | -€594 | -€3,738 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,143 | -€594 | -€3,738 |
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 10 October 2026 via checked.be.