DELBAOL: 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.
DELBAOL
Largest movements
- Cash -€21,439
down €21,439 (-99.0%), from €21,660 to €221
mainly Net result for the year (-€30,490) and Tax, wage and social debts (-€4,504)
- Receivables within one year -€11,311
down €11,311 (-90.2%), from €12,543 to €1,233
of which Trade receivables: -€10,200
- Tangible fixed assets -€3,380
down €3,380 (-60.8%), from €5,560 to €2,180
- Financial fixed assets +€2,400
new in 2025: €2,400
- Profit (loss) carried forward -€30,490
down €30,490 (-126.0%), from -€24,197 to -€54,687
- Tax, wage and social debts -€4,504
down €4,504 (-88.6%), from €5,085 to €581
- Trade debts +€731
up €731 (+57.7%), from €1,266 to €1,996
- Other debts +€623
up €623 (+20.6%), from €3,025 to €3,648
- Contributions +€400
up €400 (+5.6%), from €7,200 to €7,600
- Gross operating margin -€5,668
down €5,668 (-34.0%), from -€16,666 to -€22,334
- Financial charges +€1,028
up €1,028 (+32.9%), from €3,128 to €4,156
- Other operating charges -€657
down €657 (-76.1%), from €863 to €206
- Taxes +€246
up €246 (+146.8%), from €167 to €413
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 | €39,763 | €6,138 | -€33,625 | -84.6% |
| Fixed assets | 21/28 | €5,560 | €4,580 | -€980 | -17.6% |
| Tangible fixed assets | 22/27 | €5,560 | €2,180 | -€3,380 | -60.8% |
| Furniture and vehicles | 24 | €5,560 | €2,180 | -€3,380 | -60.8% |
| Financial fixed assets | 28 | - | €2,400 | +€2,400 | |
| Current assets | 29/58 | €34,203 | €1,558 | -€32,645 | -95.4% |
| Amounts receivable within one year | 40/41 | €12,543 | €1,233 | -€11,311 | -90.2% |
| Trade receivables | 40 | €10,200 | - | -€10,200 | |
| Other amounts receivable | 41 | €2,343 | €1,233 | -€1,111 | -47.4% |
| Cash at bank and in hand | 54/58 | €21,660 | €221 | -€21,439 | -99.0% |
| Deferred charges and accrued income | 490/1 | - | €105 | +€105 | |
| Total equity and liabilities | 10/49 | €39,763 | €6,138 | -€33,625 | -84.6% |
| Equity | 10/15 | €30,003 | -€87 | -€30,090 | |
| Contributions | 10/11 | €7,200 | €7,600 | +€400 | +5.6% |
| Reserves | 13 | €47,000 | €47,000 | = | 0.0% |
| Distributable reserves | 133 | €47,000 | €47,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,197 | -€54,687 | -€30,490 | -126.0% |
| Amounts payable | 17/49 | €9,760 | €6,225 | -€3,536 | -36.2% |
| Amounts payable within one year | 42/48 | €9,376 | €6,225 | -€3,151 | -33.6% |
| Trade debts | 44 | €1,266 | €1,996 | +€731 | +57.7% |
| Suppliers | 440/4 | €1,266 | €1,996 | +€731 | +57.7% |
| Taxes, remuneration and social security | 45 | €5,085 | €581 | -€4,504 | -88.6% |
| Taxes | 450/3 | €5,085 | €581 | -€4,504 | -88.6% |
| Other amounts payable | 47/48 | €3,025 | €3,648 | +€623 | +20.6% |
| Accrued charges and deferred income | 492/3 | €384 | - | -€384 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,380 | €3,380 | = | 0.0% |
| Other operating charges | 640/8 | €863 | €206 | -€657 | -76.1% |
| Gross operating margin | 9900 | -€16,666 | -€22,334 | -€5,668 | -34.0% |
| Operating profit (loss) | 9901 | -€20,909 | -€25,921 | -€5,011 | -24.0% |
| Financial charges | 65/66B | €3,128 | €4,156 | +€1,028 | +32.9% |
| Recurring financial charges | 65 | €3,128 | €4,156 | +€1,028 | +32.9% |
| Profit (loss) for the period before taxes | 9903 | -€24,037 | -€30,076 | -€6,039 | -25.1% |
| Income taxes | 67/77 | €167 | €413 | +€246 | +146.8% |
| Profit (loss) for the period | 9904 | -€24,205 | -€30,490 | -€6,285 | -26.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€24,205 | -€30,490 | -€6,285 | -26.0% |
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.