DELBAEN: what changed
Two fiscal 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.
DELBAEN
Largest movements
- Tangible fixed assets -€7,170
down €7,170 (-2.1%), from €348,187 to €341,017
of which Land and buildings: -€20,287
- Debts after one year -€16,173
down €16,173 (-12.9%), from €125,655 to €109,482
- Other debts +€10,316
up €10,316 (+16.4%), from €62,849 to €73,165
- Current portion of long-term debt -€5,999
down €5,999 (-27.1%), from €22,172 to €16,173
- Gross operating margin +€5,492
up €5,492 (+10.3%), from €53,320 to €58,812
- Taxes +€1,558
up €1,558 (+27.8%), from €5,603 to €7,160
- Depreciation +€1,299
up €1,299 (+6.3%), from €20,711 to €22,010
- Financial charges -€813
down €813 (-8.5%), from €9,618 to €8,805
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 | €358,008 | €349,402 | -€8,607 | -2.4% |
| Fixed assets | 21/28 | €348,187 | €341,017 | -€7,170 | -2.1% |
| Tangible fixed assets | 22/27 | €348,187 | €341,017 | -€7,170 | -2.1% |
| Land and buildings | 22 | €345,682 | €325,395 | -€20,287 | -5.9% |
| Furniture and vehicles | 24 | €375 | €125 | -€250 | -66.7% |
| Other tangible fixed assets | 26 | €2,130 | €15,497 | +€13,367 | +627.6% |
| Current assets | 29/58 | €9,821 | €8,384 | -€1,437 | -14.6% |
| Amounts receivable within one year | 40/41 | €2,775 | - | -€2,775 | |
| Trade receivables | 40 | €2,775 | - | -€2,775 | |
| Cash at bank and in hand | 54/58 | €7,046 | €8,384 | +€1,338 | +19.0% |
| Total equity and liabilities | 10/49 | €358,008 | €349,402 | -€8,607 | -2.4% |
| Equity | 10/15 | €137,072 | €140,626 | +€3,554 | +2.6% |
| Contributions | 10/11 | €80,625 | €80,625 | = | 0.0% |
| Outside capital | 11 | €80,625 | €80,625 | = | 0.0% |
| Other | 1109/19 | €80,625 | €80,625 | = | 0.0% |
| Reserves | 13 | €56,447 | €60,001 | +€3,554 | +6.3% |
| Distributable reserves | 133 | €56,447 | €60,001 | +€3,554 | +6.3% |
| Amounts payable | 17/49 | €220,936 | €208,776 | -€12,160 | -5.5% |
| Amounts payable after more than one year | 17 | €125,655 | €109,482 | -€16,173 | -12.9% |
| Financial debts | 170/4 | €125,655 | €109,482 | -€16,173 | -12.9% |
| Amounts payable within one year | 42/48 | €87,514 | €91,326 | +€3,812 | +4.4% |
| Current portion of amounts payable after more than one year | 42 | €22,172 | €16,173 | -€5,999 | -27.1% |
| Trade debts | 44 | €1,618 | €225 | -€1,393 | -86.1% |
| Suppliers | 440/4 | €1,618 | €225 | -€1,393 | -86.1% |
| Taxes, remuneration and social security | 45 | €874 | €1,763 | +€889 | +101.6% |
| Taxes | 450/3 | €874 | €1,763 | +€889 | +101.6% |
| Other amounts payable | 47/48 | €62,849 | €73,165 | +€10,316 | +16.4% |
| Accrued charges and deferred income | 492/3 | €7,767 | €7,967 | +€200 | +2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,711 | €22,010 | +€1,299 | +6.3% |
| Other operating charges | 640/8 | €5,382 | €5,546 | +€164 | +3.0% |
| Gross operating margin | 9900 | €53,320 | €58,812 | +€5,492 | +10.3% |
| Operating profit (loss) | 9901 | €27,226 | €31,255 | +€4,029 | +14.8% |
| Financial income | 75/76B | €0 | €0 | = | 0.0% |
| Recurring financial income | 75 | €0 | €0 | = | 0.0% |
| Financial charges | 65/66B | €9,618 | €8,805 | -€813 | -8.5% |
| Recurring financial charges | 65 | €9,618 | €8,805 | -€813 | -8.5% |
| Profit (loss) for the period before taxes | 9903 | €17,608 | €22,450 | +€4,842 | +27.5% |
| Income taxes | 67/77 | €5,603 | €7,160 | +€1,558 | +27.8% |
| Profit (loss) for the period | 9904 | €12,005 | €15,290 | +€3,284 | +27.4% |
| Profit (loss) for the period to be appropriated | 9905 | €12,005 | €15,290 | +€3,284 | +27.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.