Delaware Germany: 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.
Delaware Germany
Largest movements
- Financial fixed assets +€275,000
up €275,000 (+20.2%), from €1.4m to €1.6m
- Cash -€58,694
down €58,694 (-65.1%), from €90,203 to €31,509
mainly Investment in fixed assets (net) (-€275,000) and Net result for the year (-€100,442)
- Receivables within one year +€49,134
up €49,134 (+31.6%), from €155,255 to €204,389
- Other debts +€277,755
up €277,755 (+204.7%), from €135,679 to €413,434
- Profit (loss) carried forward -€100,442
down €100,442 (-174.5%), from -€57,562 to -€158,004
- Debts after one year +€75,000
up €75,000 (+5.5%), from €1.4m to €1.5m
- Financial charges +€60,310
up €60,310 (+196.9%), from €30,628 to €90,938
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 | €1,605,458 | €1,870,898 | +€265,440 | +16.5% |
| Fixed assets | 21/28 | €1,360,000 | €1,635,000 | +€275,000 | +20.2% |
| Financial fixed assets | 28 | €1,360,000 | €1,635,000 | +€275,000 | +20.2% |
| Affiliated companies | 280/1 | €1,360,000 | €1,635,000 | +€275,000 | +20.2% |
| Participating interests | 280 | €1,360,000 | €1,635,000 | +€275,000 | +20.2% |
| Current assets | 29/58 | €245,458 | €235,898 | -€9,560 | -3.9% |
| Amounts receivable within one year | 40/41 | €155,255 | €204,389 | +€49,134 | +31.6% |
| Other amounts receivable | 41 | €155,255 | €204,389 | +€49,134 | +31.6% |
| Cash at bank and in hand | 54/58 | €90,203 | €31,509 | -€58,694 | -65.1% |
| Total equity and liabilities | 10/49 | €1,605,458 | €1,870,898 | +€265,440 | +16.5% |
| Equity | 10/15 | €92,438 | -€8,004 | -€100,442 | |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€57,562 | -€158,004 | -€100,442 | -174.5% |
| Amounts payable | 17/49 | €1,513,020 | €1,878,902 | +€365,882 | +24.2% |
| Amounts payable after more than one year | 17 | €1,375,141 | €1,450,141 | +€75,000 | +5.5% |
| Financial debts | 170/4 | €1,375,141 | €1,450,141 | +€75,000 | +5.5% |
| Subordinated loans | 170 | €1,375,141 | €1,450,141 | +€75,000 | +5.5% |
| Amounts payable within one year | 42/48 | €137,879 | €428,761 | +€290,882 | +211.0% |
| Trade debts | 44 | €2,200 | €2,500 | +€300 | +13.6% |
| Suppliers | 440/4 | €2,200 | €2,500 | +€300 | +13.6% |
| Taxes, remuneration and social security | 45 | - | €12,827 | +€12,827 | |
| Taxes | 450/3 | - | €12,827 | +€12,827 | |
| Other amounts payable | 47/48 | €135,679 | €413,434 | +€277,755 | +204.7% |
| Operating charges | 60/66A | €7,500 | €11,455 | +€3,955 | +52.7% |
| Services and other goods | 61 | €7,500 | €11,335 | +€3,835 | +51.1% |
| Other operating charges | 640/8 | - | €120 | +€120 | |
| Operating profit (loss) | 9901 | -€7,500 | -€11,455 | -€3,955 | -52.7% |
| Financial income | 75/76B | - | €1,951 | +€1,951 | |
| Recurring financial income | 75 | - | €1,951 | +€1,951 | |
| Income from current assets | 751 | - | €1,951 | +€1,951 | |
| Financial charges | 65/66B | €30,628 | €90,938 | +€60,310 | +196.9% |
| Recurring financial charges | 65 | €30,628 | €90,938 | +€60,310 | +196.9% |
| Debt charges | 650 | €30,424 | €90,582 | +€60,158 | +197.7% |
| Other financial charges | 652/9 | €204 | €357 | +€153 | +75.0% |
| Profit (loss) for the period before taxes | 9903 | -€38,128 | -€100,442 | -€62,314 | -163.4% |
| Profit (loss) for the period | 9904 | -€38,128 | -€100,442 | -€62,314 | -163.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€38,128 | -€100,442 | -€62,314 | -163.4% |
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.