DELAVO: 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.
DELAVO
Largest movements
- Tangible fixed assets -€21,842
down €21,842 (-29.8%), from €73,338 to €51,496
of which Furniture and vehicles: -€21,633
- Cash -€9,760
down €9,760 (-35.5%), from €27,487 to €17,726
mainly Tax, wage and social debts (-€13,931) and Other debts (-€10,616)
- Receivables within one year -€1,485
down €1,485 (-13.1%), from €11,291 to €9,807
of which Other amounts receivable: -€4,222
- Tax, wage and social debts -€13,931
down €13,931 (-83.0%), from €16,785 to €2,853
- Other debts -€10,616
down €10,616 (-18.2%), from €58,204 to €47,588
- Debts after one year -€10,097
down €10,097 (-34.8%), from €28,976 to €18,879
- Taxes +€2,648
up €2,648 (+170%), from €1,561 to €4,208
- Other operating charges -€1,809
down €1,809 (-82.8%), from €2,184 to €375
- Gross operating margin -€1,170
down €1,170 (-3.9%), from €29,936 to €28,766
- Depreciation -€839
down €839 (-3.7%), from €22,681 to €21,842
- Financial charges -€430
down €430 (-19.1%), from €2,254 to €1,824
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 | €115,258 | €81,343 | -€33,915 | -29.4% |
| Fixed assets | 21/28 | €73,338 | €51,496 | -€21,842 | -29.8% |
| Tangible fixed assets | 22/27 | €73,338 | €51,496 | -€21,842 | -29.8% |
| Plant, machinery and equipment | 23 | €437 | €227 | -€210 | -48.0% |
| Furniture and vehicles | 24 | €72,901 | €51,268 | -€21,633 | -29.7% |
| Current assets | 29/58 | €41,920 | €29,847 | -€12,073 | -28.8% |
| Amounts receivable within one year | 40/41 | €11,291 | €9,807 | -€1,485 | -13.1% |
| Trade receivables | 40 | €5,838 | €8,575 | +€2,737 | +46.9% |
| Other amounts receivable | 41 | €5,453 | €1,231 | -€4,222 | -77.4% |
| Cash at bank and in hand | 54/58 | €27,487 | €17,726 | -€9,760 | -35.5% |
| Deferred charges and accrued income | 490/1 | €3,142 | €2,314 | -€827 | -26.3% |
| Total equity and liabilities | 10/49 | €115,258 | €81,343 | -€33,915 | -29.4% |
| Equity | 10/15 | €339 | €855 | +€516 | +152% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,261 | -€17,745 | +€516 | +2.8% |
| Amounts payable | 17/49 | €114,919 | €80,488 | -€34,431 | -30.0% |
| Amounts payable after more than one year | 17 | €28,976 | €18,879 | -€10,097 | -34.8% |
| Financial debts | 170/4 | €28,976 | €18,879 | -€10,097 | -34.8% |
| Amounts payable within one year | 42/48 | €85,393 | €61,609 | -€23,784 | -27.9% |
| Current portion of amounts payable after more than one year | 42 | €9,625 | €10,097 | +€473 | +4.9% |
| Trade debts | 44 | €780 | €1,071 | +€291 | +37.3% |
| Suppliers | 440/4 | €780 | €1,071 | +€291 | +37.3% |
| Taxes, remuneration and social security | 45 | €16,785 | €2,853 | -€13,931 | -83.0% |
| Taxes | 450/3 | €16,785 | €2,853 | -€13,931 | -83.0% |
| Other amounts payable | 47/48 | €58,204 | €47,588 | -€10,616 | -18.2% |
| Accrued charges and deferred income | 492/3 | €550 | - | -€550 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,681 | €21,842 | -€839 | -3.7% |
| Other operating charges | 640/8 | €2,184 | €375 | -€1,809 | -82.8% |
| Gross operating margin | 9900 | €29,936 | €28,766 | -€1,170 | -3.9% |
| Operating profit (loss) | 9901 | €5,071 | €6,548 | +€1,477 | +29.1% |
| Financial charges | 65/66B | €2,254 | €1,824 | -€430 | -19.1% |
| Recurring financial charges | 65 | €2,254 | €1,824 | -€430 | -19.1% |
| Profit (loss) for the period before taxes | 9903 | €2,817 | €4,724 | +€1,908 | +67.7% |
| Income taxes | 67/77 | €1,561 | €4,208 | +€2,648 | +170% |
| Profit (loss) for the period | 9904 | €1,256 | €516 | -€740 | -58.9% |
| Profit (loss) for the period to be appropriated | 9905 | €1,256 | €516 | -€740 | -58.9% |
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 17 October 2026 via checked.be.