DELAUVAL: 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.
DELAUVAL
Largest movements
- Tangible fixed assets -€4,632
down €4,632 (-35.8%), from €12,938 to €8,306
of which Furniture and vehicles: -€3,802
- Receivables within one year -€2,800
down €2,800 (-93.5%), from €2,996 to €196
- Cash -€951
no longer reported in 2025 (was €951)
mainly Net result for the year (-€7,226) and Trade debts (-€3,613)
- Deferred charges and accrued income -€478
no longer reported in 2025 (was €478)
- Profit (loss) carried forward -€7,226
down €7,226 (-22.8%), from -€31,680 to -€38,906
- Other debts +€4,852
new in 2025: €4,852
- Trade debts -€3,613
down €3,613 (-82.3%), from €4,392 to €778
- Tax, wage and social debts -€2,247
down €2,247 (-90.6%), from €2,481 to €234
- Short-term financial debts -€467
down €467 (-5.1%), from €9,179 to €8,712
- Gross operating margin -€4,397
down €4,397 (-98.8%), from €4,450 to €53
- Financial income +€1,381
new in 2025: €1,381
- Depreciation +€694
up €694 (+17.6%), from €3,938 to €4,632
- Financial charges -€640
down €640 (-21.5%), from €2,975 to €2,335
- Other operating charges +€144
up €144 (+13.1%), from €1,098 to €1,242
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 | €17,692 | €8,831 | -€8,861 | -50.1% |
| Fixed assets | 21/28 | €13,267 | €8,635 | -€4,632 | -34.9% |
| Tangible fixed assets | 22/27 | €12,938 | €8,306 | -€4,632 | -35.8% |
| Furniture and vehicles | 24 | €11,071 | €7,269 | -€3,802 | -34.3% |
| Other tangible fixed assets | 26 | €1,868 | €1,038 | -€830 | -44.4% |
| Financial fixed assets | 28 | €329 | €329 | = | 0.0% |
| Current assets | 29/58 | €4,425 | €196 | -€4,229 | -95.6% |
| Amounts receivable within one year | 40/41 | €2,996 | €196 | -€2,800 | -93.5% |
| Other amounts receivable | 41 | €2,996 | €196 | -€2,800 | -93.5% |
| Cash at bank and in hand | 54/58 | €951 | - | -€951 | |
| Deferred charges and accrued income | 490/1 | €478 | - | -€478 | |
| Total equity and liabilities | 10/49 | €17,692 | €8,831 | -€8,861 | -50.1% |
| Equity | 10/15 | €1,480 | -€5,746 | -€7,226 | |
| Contributions | 10/11 | €14,400 | €14,400 | = | 0.0% |
| Reserves | 13 | €18,760 | €18,760 | = | 0.0% |
| Tax-exempt reserves | 132 | €9,400 | €9,400 | = | 0.0% |
| Distributable reserves | 133 | €9,360 | €9,360 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€31,680 | -€38,906 | -€7,226 | -22.8% |
| Amounts payable | 17/49 | €16,212 | €14,577 | -€1,635 | -10.1% |
| Amounts payable within one year | 42/48 | €16,052 | €14,577 | -€1,475 | -9.2% |
| Financial debts | 43 | €9,179 | €8,712 | -€467 | -5.1% |
| Credit institutions | 430/8 | €9,179 | €8,712 | -€467 | -5.1% |
| Trade debts | 44 | €4,392 | €778 | -€3,613 | -82.3% |
| Suppliers | 440/4 | €4,392 | €778 | -€3,613 | -82.3% |
| Taxes, remuneration and social security | 45 | €2,481 | €234 | -€2,247 | -90.6% |
| Taxes | 450/3 | €2,481 | €234 | -€2,247 | -90.6% |
| Other amounts payable | 47/48 | - | €4,852 | +€4,852 | |
| Accrued charges and deferred income | 492/3 | €160 | - | -€160 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,938 | €4,632 | +€694 | +17.6% |
| Other operating charges | 640/8 | €1,098 | €1,242 | +€144 | +13.1% |
| Gross operating margin | 9900 | €4,450 | €53 | -€4,397 | -98.8% |
| Operating profit (loss) | 9901 | -€586 | -€5,821 | -€5,235 | -893.6% |
| Financial income | 75/76B | - | €1,381 | +€1,381 | |
| Recurring financial income | 75 | - | €1,381 | +€1,381 | |
| Financial charges | 65/66B | €2,975 | €2,335 | -€640 | -21.5% |
| Recurring financial charges | 65 | €2,975 | €2,335 | -€640 | -21.5% |
| Profit (loss) for the period before taxes | 9903 | -€3,561 | -€6,774 | -€3,213 | -90.2% |
| Income taxes | 67/77 | €405 | €452 | +€47 | +11.5% |
| Profit (loss) for the period | 9904 | -€3,966 | -€7,226 | -€3,260 | -82.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,966 | -€7,226 | -€3,260 | -82.2% |
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 12 October 2026 via checked.be.