DELAWOOD: 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.
DELAWOOD
Largest movements
- Cash -€255,462
down €255,462 (-35.5%), from €720,386 to €464,924
mainly Contributions, distributions and other (-€326,756) and Current investments (-€83,565)
- Current investments +€83,565
up €83,565 (+3.1%), from €2.7m to €2.8m
- Tangible fixed assets -€65,050
down €65,050 (-5.3%), from €1.2m to €1.2m
of which Land and buildings: -€42,698
- Reserves -€161,950
down €161,950 (-4.5%), from €3.6m to €3.4m
of which Distributable reserves: -€161,950
- Tax, wage and social debts -€47,095
down €47,095 (-71.5%), from €65,861 to €18,767
- Financial income -€512,647
down €512,647 (-76.9%), from €666,983 to €154,336
- Taxes -€49,646
down €49,646 (-56.3%), from €88,149 to €38,503
- Financial charges +€15,167
up €15,167, from -€7,039 to €8,128
- Gross operating margin +€4,600
up €4,600 (+3.2%), from €142,897 to €147,498
- Other operating charges +€4,374
up €4,374 (+22.1%), from €19,750 to €24,123
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 | €4,689,459 | €4,490,836 | -€198,623 | -4.2% |
| Fixed assets | 21/28 | €1,218,275 | €1,153,225 | -€65,050 | -5.3% |
| Tangible fixed assets | 22/27 | €1,218,275 | €1,153,225 | -€65,050 | -5.3% |
| Land and buildings | 22 | €1,086,985 | €1,044,287 | -€42,698 | -3.9% |
| Furniture and vehicles | 24 | €58,457 | €41,610 | -€16,847 | -28.8% |
| Other tangible fixed assets | 26 | €72,832 | €67,328 | -€5,505 | -7.6% |
| Current assets | 29/58 | €3,471,184 | €3,337,611 | -€133,573 | -3.8% |
| Amounts receivable within one year | 40/41 | €12,106 | €39,042 | +€26,936 | +222% |
| Trade receivables | 40 | €369 | €0 | -€369 | -100% |
| Other amounts receivable | 41 | €11,738 | €39,042 | +€27,305 | +233% |
| Current investments | 50/53 | €2,736,794 | €2,820,359 | +€83,565 | +3.1% |
| Cash at bank and in hand | 54/58 | €720,386 | €464,924 | -€255,462 | -35.5% |
| Deferred charges and accrued income | 490/1 | €1,898 | €13,286 | +€11,388 | +600% |
| Total equity and liabilities | 10/49 | €4,689,459 | €4,490,836 | -€198,623 | -4.2% |
| Equity | 10/15 | €4,569,129 | €4,407,180 | -€161,950 | -3.5% |
| Contributions | 10/11 | €19,051 | €19,051 | = | 0.0% |
| Reserves | 13 | €3,589,200 | €3,427,250 | -€161,950 | -4.5% |
| Tax-exempt reserves | 132 | €1,039 | €1,039 | = | 0.0% |
| Distributable reserves | 133 | €3,588,161 | €3,426,211 | -€161,950 | -4.5% |
| Profit (loss) carried forward | 14 | €960,879 | €960,879 | = | 0.0% |
| Amounts payable | 17/49 | €120,329 | €83,656 | -€36,673 | -30.5% |
| Amounts payable within one year | 42/48 | €117,961 | €79,356 | -€38,605 | -32.7% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €287 | €10,467 | +€10,180 | +3,553% |
| Suppliers | 440/4 | €287 | €10,467 | +€10,180 | +3,553% |
| Taxes, remuneration and social security | 45 | €65,861 | €18,767 | -€47,095 | -71.5% |
| Taxes | 450/3 | €65,861 | €18,767 | -€47,095 | -71.5% |
| Other amounts payable | 47/48 | €51,814 | €50,123 | -€1,690 | -3.3% |
| Accrued charges and deferred income | 492/3 | €2,368 | €4,300 | +€1,932 | +81.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,845 | €66,273 | +€429 | +0.7% |
| Other operating charges | 640/8 | €19,750 | €24,123 | +€4,374 | +22.1% |
| Gross operating margin | 9900 | €142,897 | €147,498 | +€4,600 | +3.2% |
| Operating profit (loss) | 9901 | €57,303 | €57,101 | -€202 | -0.4% |
| Financial income | 75/76B | €666,983 | €154,336 | -€512,647 | -76.9% |
| Recurring financial income | 75 | €666,983 | €154,336 | -€512,647 | -76.9% |
| Financial charges | 65/66B | -€7,039 | €8,128 | +€15,167 | |
| Recurring financial charges | 65 | -€7,039 | €8,128 | +€15,167 | |
| Profit (loss) for the period before taxes | 9903 | €731,325 | €203,309 | -€528,016 | -72.2% |
| Income taxes | 67/77 | €88,149 | €38,503 | -€49,646 | -56.3% |
| Profit (loss) for the period | 9904 | €643,176 | €164,806 | -€478,370 | -74.4% |
| Profit (loss) for the period to be appropriated | 9905 | €643,176 | €164,806 | -€478,370 | -74.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.