DELBEKE: 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.
DELBEKE
Largest movements
- Tangible fixed assets -€46,919
down €46,919 (-7.8%), from €599,836 to €552,917
of which Land and buildings: -€45,861
- Other debts -€62,959
down €62,959 (-20.8%), from €302,150 to €239,192
- Trade debts +€60,687
up €60,687 (+220%), from €27,610 to €88,297
- Reserves +€28,162
up €28,162 (+13.4%), from €210,863 to €239,025
of which Distributable reserves: +€44,650
- Debts after one year -€27,203
down €27,203 (-33.1%), from €82,157 to €54,954
- Tax, wage and social debts -€20,027
down €20,027 (-99.7%), from €20,086 to €60
- Gross operating margin +€11,994
up €11,994 (+17.3%), from €69,225 to €81,219
- Financial income +€11,697
up €11,697 (+308,621%), from €4 to €11,701
of which Non-recurring financial income: +€11,701
- Taxes -€9,031
down €9,031 (-43.9%), from €20,587 to €11,555
- Depreciation -€7,606
down €7,606 (-13.6%), from €55,726 to €48,119
- Other operating charges -€3,120
down €3,120 (-39.9%), from €7,819 to €4,699
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 | €1,186,497 | €1,138,370 | -€48,126 | -4.1% |
| Fixed assets | 21/28 | €1,170,586 | €1,123,667 | -€46,919 | -4.0% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €599,836 | €552,917 | -€46,919 | -7.8% |
| Land and buildings | 22 | €597,615 | €551,754 | -€45,861 | -7.7% |
| Plant, machinery and equipment | 23 | €674 | €99 | -€575 | -85.3% |
| Furniture and vehicles | 24 | €1,547 | €1,063 | -€484 | -31.3% |
| Financial fixed assets | 28 | €570,750 | €570,750 | = | 0.0% |
| Current assets | 29/58 | €15,910 | €14,704 | -€1,207 | -7.6% |
| Stocks and contracts in progress | 3 | €500 | €500 | = | 0.0% |
| Stocks | 30/36 | €500 | €500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €4,024 | €6,633 | +€2,610 | +64.9% |
| Trade receivables | 40 | €4,024 | €2,250 | -€1,774 | -44.1% |
| Other amounts receivable | 41 | - | €4,383 | +€4,383 | |
| Cash at bank and in hand | 54/58 | €5,254 | €3,512 | -€1,742 | -33.2% |
| Deferred charges and accrued income | 490/1 | €6,133 | €4,059 | -€2,074 | -33.8% |
| Total equity and liabilities | 10/49 | €1,186,497 | €1,138,370 | -€48,126 | -4.1% |
| Equity | 10/15 | €615,512 | €632,724 | +€17,212 | +2.8% |
| Contributions | 10/11 | €328,600 | €328,600 | = | 0.0% |
| Reserves | 13 | €210,863 | €239,025 | +€28,162 | +13.4% |
| Non-distributable reserves | 130/1 | €1,210 | €1,210 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,210 | €1,210 | = | 0.0% |
| Tax-exempt reserves | 132 | €183,152 | €166,665 | -€16,488 | -9.0% |
| Distributable reserves | 133 | €26,500 | €71,150 | +€44,650 | +168% |
| Profit (loss) carried forward | 14 | €76,049 | €65,099 | -€10,950 | -14.4% |
| Provisions and deferred taxes | 16 | €47,538 | €43,416 | -€4,122 | -8.7% |
| Deferred taxes | 168 | €47,538 | €43,416 | -€4,122 | -8.7% |
| Amounts payable | 17/49 | €523,446 | €462,230 | -€61,216 | -11.7% |
| Amounts payable after more than one year | 17 | €82,157 | €54,954 | -€27,203 | -33.1% |
| Financial debts | 170/4 | €82,157 | €54,954 | -€27,203 | -33.1% |
| Amounts payable within one year | 42/48 | €377,289 | €355,276 | -€22,013 | -5.8% |
| Current portion of amounts payable after more than one year | 42 | €27,443 | €27,728 | +€285 | +1.0% |
| Trade debts | 44 | €27,610 | €88,297 | +€60,687 | +220% |
| Suppliers | 440/4 | €27,610 | €88,297 | +€60,687 | +220% |
| Taxes, remuneration and social security | 45 | €20,086 | €60 | -€20,027 | -99.7% |
| Taxes | 450/3 | €20,086 | €60 | -€20,027 | -99.7% |
| Other amounts payable | 47/48 | €302,150 | €239,192 | -€62,959 | -20.8% |
| Accrued charges and deferred income | 492/3 | €64,000 | €52,000 | -€12,000 | -18.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,726 | €48,119 | -€7,606 | -13.6% |
| Other operating charges | 640/8 | €7,819 | €4,699 | -€3,120 | -39.9% |
| Gross operating margin | 9900 | €69,225 | €81,219 | +€11,994 | +17.3% |
| Operating profit (loss) | 9901 | €5,681 | €28,401 | +€22,720 | +400% |
| Financial income | 75/76B | €4 | €11,701 | +€11,697 | +308,621% |
| Recurring financial income | 75 | €4 | €0 | -€4 | -99.5% |
| Non-recurring financial income | 76B | - | €11,701 | +€11,701 | |
| Financial charges | 65/66B | €4,496 | €4,456 | -€40 | -0.9% |
| Recurring financial charges | 65 | €4,496 | €4,456 | -€40 | -0.9% |
| Profit (loss) for the period before taxes | 9903 | €1,189 | €35,645 | +€34,457 | +2,899% |
| Transfer from deferred taxes | 780 | €4,122 | €4,122 | = | 0.0% |
| Income taxes | 67/77 | €20,587 | €11,555 | -€9,031 | -43.9% |
| Profit (loss) for the period | 9904 | -€15,276 | €28,212 | +€43,488 | |
| Transfer from tax-exempt reserves | 789 | €16,488 | €16,488 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,212 | €44,700 | +€43,488 | +3,589% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.