DELBART-PETIT: 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.
DELBART-PETIT
Largest movements
- Cash +€28,692
up €28,692 (+22.0%), from €130,394 to €159,086
mainly Net result for the year (+€35,910) and Depreciation (+€26,610)
- Tangible fixed assets -€7,053
down €7,053 (-9.7%), from €72,781 to €65,728
of which Furniture and vehicles: -€5,832
- Receivables within one year -€4,074
down €4,074 (-6.7%), from €61,169 to €57,095
of which Trade receivables: -€8,292
- Reserves +€35,910
up €35,910 (+18.6%), from €193,297 to €229,207
of which Distributable reserves: +€35,910
- Debts after one year -€17,314
down €17,314 (-67.7%), from €25,593 to €8,279
- Gross operating margin -€4,492
down €4,492 (-5.3%), from €84,484 to €79,992
- Depreciation +€2,144
up €2,144 (+8.8%), from €24,465 to €26,610
- Taxes -€1,502
down €1,502 (-9.1%), from €16,503 to €15,002
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 | €266,294 | €286,514 | +€20,221 | +7.6% |
| Fixed assets | 21/28 | €72,781 | €65,728 | -€7,053 | -9.7% |
| Tangible fixed assets | 22/27 | €72,781 | €65,728 | -€7,053 | -9.7% |
| Plant, machinery and equipment | 23 | €5,806 | €4,585 | -€1,221 | -21.0% |
| Furniture and vehicles | 24 | €66,975 | €61,143 | -€5,832 | -8.7% |
| Current assets | 29/58 | €193,513 | €220,786 | +€27,273 | +14.1% |
| Amounts receivable within one year | 40/41 | €61,169 | €57,095 | -€4,074 | -6.7% |
| Trade receivables | 40 | €56,441 | €48,149 | -€8,292 | -14.7% |
| Other amounts receivable | 41 | €4,728 | €8,946 | +€4,218 | +89.2% |
| Cash at bank and in hand | 54/58 | €130,394 | €159,086 | +€28,692 | +22.0% |
| Deferred charges and accrued income | 490/1 | €1,950 | €4,605 | +€2,655 | +136.2% |
| Total equity and liabilities | 10/49 | €266,294 | €286,514 | +€20,221 | +7.6% |
| Equity | 10/15 | €211,897 | €247,807 | +€35,910 | +16.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €193,297 | €229,207 | +€35,910 | +18.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €191,437 | €227,347 | +€35,910 | +18.8% |
| Amounts payable | 17/49 | €54,397 | €38,707 | -€15,689 | -28.8% |
| Amounts payable after more than one year | 17 | €25,593 | €8,279 | -€17,314 | -67.7% |
| Financial debts | 170/4 | €25,593 | €8,279 | -€17,314 | -67.7% |
| Amounts payable within one year | 42/48 | €28,804 | €30,428 | +€1,625 | +5.6% |
| Current portion of amounts payable after more than one year | 42 | €16,809 | €17,314 | +€505 | +3.0% |
| Trade debts | 44 | €2,083 | €4,621 | +€2,537 | +121.8% |
| Suppliers | 440/4 | €2,083 | €4,621 | +€2,537 | +121.8% |
| Taxes, remuneration and social security | 45 | €9,911 | €8,494 | -€1,418 | -14.3% |
| Taxes | 450/3 | €4,501 | €3,591 | -€910 | -20.2% |
| Remuneration and social security | 454/9 | €5,410 | €4,903 | -€507 | -9.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,465 | €26,610 | +€2,144 | +8.8% |
| Other operating charges | 640/8 | €1,005 | €1,129 | +€124 | +12.4% |
| Gross operating margin | 9900 | €84,484 | €79,992 | -€4,492 | -5.3% |
| Operating profit (loss) | 9901 | €59,014 | €52,253 | -€6,761 | -11.5% |
| Financial charges | 65/66B | €1,828 | €1,341 | -€487 | -26.6% |
| Recurring financial charges | 65 | €1,828 | €1,341 | -€487 | -26.6% |
| Profit (loss) for the period before taxes | 9903 | €57,186 | €50,912 | -€6,274 | -11.0% |
| Income taxes | 67/77 | €16,503 | €15,002 | -€1,502 | -9.1% |
| Profit (loss) for the period | 9904 | €40,682 | €35,910 | -€4,772 | -11.7% |
| Profit (loss) for the period to be appropriated | 9905 | €40,682 | €35,910 | -€4,772 | -11.7% |
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 6 October 2026 via checked.be.