DELBEX: 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.
DELBEX
Largest movements
- Cash +€70,753
up €70,753 (+146.8%), from €48,199 to €118,952
mainly Other debts (+€103,862) and Net result for the year (+€41,941)
- Intangible fixed assets -€15,000
down €15,000 (-13.8%), from €108,750 to €93,750
- Receivables within one year -€10,938
down €10,938 (-44.0%), from €24,881 to €13,942
of which Trade receivables: -€12,706
- Deferred charges and accrued income -€2,898
down €2,898 (-24.2%), from €11,958 to €9,061
- Other debts +€103,862
up €103,862 (+132.4%), from €78,446 to €182,308
- Profit (loss) carried forward -€81,108
no longer reported in 2025 (was €81,108)
- Tax, wage and social debts +€17,991
up €17,991 (+243.0%), from €7,403 to €25,394
- Gross operating margin +€13,409
up €13,409 (+24.3%), from €55,198 to €68,607
- Other operating charges -€893
down €893 (-56.2%), from €1,589 to €696
- Taxes -€811
down €811 (-8.2%), from €9,849 to €9,038
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 | €198,134 | €239,272 | +€41,138 | +20.8% |
| Fixed assets | 21/28 | €113,096 | €97,317 | -€15,779 | -14.0% |
| Intangible fixed assets | 21 | €108,750 | €93,750 | -€15,000 | -13.8% |
| Tangible fixed assets | 22/27 | €4,346 | €3,567 | -€779 | -17.9% |
| Furniture and vehicles | 24 | €4,346 | €3,567 | -€779 | -17.9% |
| Current assets | 29/58 | €85,038 | €141,955 | +€56,917 | +66.9% |
| Amounts receivable within one year | 40/41 | €24,881 | €13,942 | -€10,938 | -44.0% |
| Trade receivables | 40 | €15,535 | €2,829 | -€12,706 | -81.8% |
| Other amounts receivable | 41 | €9,345 | €11,113 | +€1,768 | +18.9% |
| Cash at bank and in hand | 54/58 | €48,199 | €118,952 | +€70,753 | +146.8% |
| Deferred charges and accrued income | 490/1 | €11,958 | €9,061 | -€2,898 | -24.2% |
| Total equity and liabilities | 10/49 | €198,134 | €239,272 | +€41,138 | +20.8% |
| Equity | 10/15 | €111,862 | €30,753 | -€81,108 | -72.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €27,753 | €27,753 | = | 0.0% |
| Distributable reserves | 133 | €27,753 | €27,753 | = | 0.0% |
| Profit (loss) carried forward | 14 | €81,108 | - | -€81,108 | |
| Amounts payable | 17/49 | €86,273 | €208,519 | +€122,246 | +141.7% |
| Amounts payable within one year | 42/48 | €85,989 | €207,901 | +€121,913 | +141.8% |
| Trade debts | 44 | €140 | €199 | +€59 | +42.3% |
| Suppliers | 440/4 | €140 | €199 | +€59 | +42.3% |
| Taxes, remuneration and social security | 45 | €7,403 | €25,394 | +€17,991 | +243.0% |
| Taxes | 450/3 | €7,403 | €25,394 | +€17,991 | +243.0% |
| Other amounts payable | 47/48 | €78,446 | €182,308 | +€103,862 | +132.4% |
| Accrued charges and deferred income | 492/3 | €284 | €617 | +€333 | +117.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,619 | €16,797 | +€178 | +1.1% |
| Other operating charges | 640/8 | €1,589 | €696 | -€893 | -56.2% |
| Gross operating margin | 9900 | €55,198 | €68,607 | +€13,409 | +24.3% |
| Operating profit (loss) | 9901 | €36,991 | €51,114 | +€14,123 | +38.2% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €122 | €136 | +€14 | +11.2% |
| Recurring financial charges | 65 | €122 | €136 | +€14 | +11.2% |
| Profit (loss) for the period before taxes | 9903 | €36,869 | €50,979 | +€14,110 | +38.3% |
| Income taxes | 67/77 | €9,849 | €9,038 | -€811 | -8.2% |
| Profit (loss) for the period | 9904 | €27,020 | €41,941 | +€14,921 | +55.2% |
| Profit (loss) for the period to be appropriated | 9905 | €27,020 | €41,941 | +€14,921 | +55.2% |
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 8 October 2026 via checked.be.