DELBEKE Patrick: 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 Patrick
Largest movements
- Receivables within one year -€70,939
down €70,939 (-24.3%), from €292,078 to €221,139
of which Trade receivables: -€75,791
- Cash +€22,805
up €22,805 (+44.3%), from €51,495 to €74,300
mainly Receivables within one year (+€70,939) and Depreciation (+€3,634)
- Tangible fixed assets +€14,052
up €14,052 (+15.0%), from €93,863 to €107,915
of which Land and buildings: +€14,533
- Accrued charges and deferred income -€19,756
no longer reported in 2025 (was €19,756)
- Trade debts -€15,550
down €15,550 (-41.7%), from €37,302 to €21,752
- Gross operating margin -€35,843
down €35,843 (-33.9%), from €105,681 to €69,838
- Taxes -€12,366
down €12,366 (-92.8%), from €13,329 to €963
- Financial income -€7,227
down €7,227 (-86.9%), from €8,317 to €1,090
- Staff costs -€6,470
down €6,470 (-9.7%), from €66,428 to €59,958
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 | €449,125 | €416,188 | -€32,937 | -7.3% |
| Fixed assets | 21/28 | €93,863 | €107,915 | +€14,052 | +15.0% |
| Tangible fixed assets | 22/27 | €93,863 | €107,915 | +€14,052 | +15.0% |
| Land and buildings | 22 | €81,781 | €96,314 | +€14,533 | +17.8% |
| Plant, machinery and equipment | 23 | €12,082 | €11,601 | -€481 | -4.0% |
| Current assets | 29/58 | €355,262 | €308,272 | -€46,989 | -13.2% |
| Stocks and contracts in progress | 3 | €8,250 | €9,600 | +€1,350 | +16.4% |
| Stocks | 30/36 | €8,250 | €9,600 | +€1,350 | +16.4% |
| Amounts receivable within one year | 40/41 | €292,078 | €221,139 | -€70,939 | -24.3% |
| Trade receivables | 40 | €267,317 | €191,526 | -€75,791 | -28.4% |
| Other amounts receivable | 41 | €24,761 | €29,613 | +€4,852 | +19.6% |
| Cash at bank and in hand | 54/58 | €51,495 | €74,300 | +€22,805 | +44.3% |
| Deferred charges and accrued income | 490/1 | €3,439 | €3,234 | -€205 | -6.0% |
| Total equity and liabilities | 10/49 | €449,125 | €416,188 | -€32,937 | -7.3% |
| Equity | 10/15 | €388,209 | €390,984 | +€2,775 | +0.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €367,758 | €370,533 | +€2,775 | +0.8% |
| Amounts payable | 17/49 | €60,916 | €25,203 | -€35,712 | -58.6% |
| Amounts payable within one year | 42/48 | €41,160 | €25,203 | -€15,956 | -38.8% |
| Trade debts | 44 | €37,302 | €21,752 | -€15,550 | -41.7% |
| Suppliers | 440/4 | €37,302 | €21,752 | -€15,550 | -41.7% |
| Taxes, remuneration and social security | 45 | €3,858 | €3,451 | -€406 | -10.5% |
| Taxes | 450/3 | €3,858 | €841 | -€3,017 | -78.2% |
| Remuneration and social security | 454/9 | - | €2,611 | +€2,611 | |
| Accrued charges and deferred income | 492/3 | €19,756 | - | -€19,756 | |
| Remuneration, social security and pensions | 62 | €66,428 | €59,958 | -€6,470 | -9.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,415 | €3,634 | +€219 | +6.4% |
| Other operating charges | 640/8 | €3,280 | €3,392 | +€113 | +3.4% |
| Gross operating margin | 9900 | €105,681 | €69,838 | -€35,843 | -33.9% |
| Operating profit (loss) | 9901 | €32,558 | €2,854 | -€29,704 | -91.2% |
| Financial income | 75/76B | €8,317 | €1,090 | -€7,227 | -86.9% |
| Recurring financial income | 75 | €8,317 | €1,090 | -€7,227 | -86.9% |
| Financial charges | 65/66B | €72 | €205 | +€133 | +184.1% |
| Recurring financial charges | 65 | €72 | €205 | +€133 | +184.1% |
| Profit (loss) for the period before taxes | 9903 | €40,803 | €3,739 | -€37,064 | -90.8% |
| Income taxes | 67/77 | €13,329 | €963 | -€12,366 | -92.8% |
| Profit (loss) for the period | 9904 | €27,474 | €2,775 | -€24,699 | -89.9% |
| Profit (loss) for the period to be appropriated | 9905 | €27,474 | €2,775 | -€24,699 | -89.9% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.