DELBAEN: 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.
DELBAEN
Largest movements
- Cash -€46,560
down €46,560 (-17.7%), from €262,509 to €215,950
mainly Contributions, distributions and other (-€68,600) and Receivables within one year (-€16,843)
- Receivables within one year +€16,843
up €16,843 (+97.5%), from €17,273 to €34,116
of which Trade receivables: +€10,144
- Stocks and contracts +€14,028
up €14,028 (+113%), from €12,463 to €26,491
- Tangible fixed assets -€5,892
down €5,892 (-36.6%), from €16,100 to €10,208
of which Furniture and vehicles: -€5,417
- Reserves -€65,351
down €65,351 (-23.0%), from €283,892 to €218,541
- Other debts +€48,763
new in 2025: €48,763
- Tax, wage and social debts -€5,070
down €5,070 (-84.7%), from €5,988 to €918
- Gross operating margin -€25,218
down €25,218 (-51.2%), from €49,296 to €24,078
- Taxes -€9,274
down €9,274 (-81.1%), from €11,438 to €2,164
- Financial charges +€6,722
up €6,722 (+613%), from €1,096 to €7,819
- Depreciation +€3,478
up €3,478 (+144%), from €2,414 to €5,892
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 | €308,480 | €286,900 | -€21,580 | -7.0% |
| Fixed assets | 21/28 | €16,235 | €10,343 | -€5,892 | -36.3% |
| Tangible fixed assets | 22/27 | €16,100 | €10,208 | -€5,892 | -36.6% |
| Plant, machinery and equipment | 23 | €1,330 | €855 | -€475 | -35.7% |
| Furniture and vehicles | 24 | €14,770 | €9,353 | -€5,417 | -36.7% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €292,245 | €276,557 | -€15,688 | -5.4% |
| Stocks and contracts in progress | 3 | €12,463 | €26,491 | +€14,028 | +113% |
| Stocks | 30/36 | €12,463 | €26,491 | +€14,028 | +113% |
| Amounts receivable within one year | 40/41 | €17,273 | €34,116 | +€16,843 | +97.5% |
| Trade receivables | 40 | €11,003 | €21,147 | +€10,144 | +92.2% |
| Other amounts receivable | 41 | €6,270 | €12,969 | +€6,699 | +107% |
| Cash at bank and in hand | 54/58 | €262,509 | €215,950 | -€46,560 | -17.7% |
| Total equity and liabilities | 10/49 | €308,480 | €286,900 | -€21,580 | -7.0% |
| Equity | 10/15 | €302,492 | €237,141 | -€65,351 | -21.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €283,892 | €218,541 | -€65,351 | -23.0% |
| Distributable reserves | 133 | €283,892 | €218,541 | -€65,351 | -23.0% |
| Amounts payable | 17/49 | €5,988 | €49,759 | +€43,771 | +731% |
| Amounts payable within one year | 42/48 | €5,988 | €49,759 | +€43,771 | +731% |
| Trade debts | 44 | - | €79 | +€79 | |
| Suppliers | 440/4 | - | €79 | +€79 | |
| Taxes, remuneration and social security | 45 | €5,988 | €918 | -€5,070 | -84.7% |
| Taxes | 450/3 | €5,988 | €918 | -€5,070 | -84.7% |
| Other amounts payable | 47/48 | - | €48,763 | +€48,763 | |
| Remuneration, social security and pensions | 62 | €17 | - | -€17 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,414 | €5,892 | +€3,478 | +144% |
| Other operating charges | 640/8 | €5,393 | €4,967 | -€426 | -7.9% |
| Gross operating margin | 9900 | €49,296 | €24,078 | -€25,218 | -51.2% |
| Operating profit (loss) | 9901 | €41,472 | €13,219 | -€28,253 | -68.1% |
| Financial income | 75/76B | €85 | €13 | -€72 | -85.0% |
| Recurring financial income | 75 | €85 | €13 | -€72 | -85.0% |
| Financial charges | 65/66B | €1,096 | €7,819 | +€6,722 | +613% |
| Recurring financial charges | 65 | €1,096 | €7,819 | +€6,722 | +613% |
| Profit (loss) for the period before taxes | 9903 | €40,461 | €5,413 | -€35,048 | -86.6% |
| Income taxes | 67/77 | €11,438 | €2,164 | -€9,274 | -81.1% |
| Profit (loss) for the period | 9904 | €29,023 | €3,249 | -€25,774 | -88.8% |
| Profit (loss) for the period to be appropriated | 9905 | €29,023 | €3,249 | -€25,774 | -88.8% |
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 13 October 2026 via checked.be.