DELBO: 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.
DELBO
Largest movements
- Financial fixed assets +€28,600
up €28,600 (+1.9%), from €1.5m to €1.6m
- Other debts +€31,100
up €31,100 (+8.8%), from €353,437 to €384,537
- Financial income +€2,400
up €2,400 (+36.4%), from €6,600 to €9,000
- Financial charges +€810
up €810 (+9.6%), from €8,455 to €9,265
- Gross operating margin +€64
up €64, from -€64 to €0
- Other operating charges +€43
up €43 (+3.4%), from €1,260 to €1,304
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 | €1,708,364 | €1,745,975 | +€37,611 | +2.2% |
| Fixed assets | 21/28 | €1,525,861 | €1,554,461 | +€28,600 | +1.9% |
| Financial fixed assets | 28 | €1,525,861 | €1,554,461 | +€28,600 | +1.9% |
| Current assets | 29/58 | €182,504 | €191,514 | +€9,011 | +4.9% |
| Amounts receivable after more than one year | 29 | €180,000 | €180,000 | = | 0.0% |
| Other amounts receivable | 291 | €180,000 | €180,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,800 | €10,800 | +€9,000 | +500% |
| Other amounts receivable | 41 | €1,800 | €10,800 | +€9,000 | +500% |
| Cash at bank and in hand | 54/58 | €704 | €714 | +€11 | +1.5% |
| Total equity and liabilities | 10/49 | €1,708,364 | €1,745,975 | +€37,611 | +2.2% |
| Equity | 10/15 | €1,337,461 | €1,335,893 | -€1,569 | -0.1% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €1,275,961 | €1,274,393 | -€1,569 | -0.1% |
| Non-distributable reserves | 130/1 | €3,625 | €3,625 | = | 0.0% |
| Legal reserve | 130 | €3,625 | €3,625 | = | 0.0% |
| Distributable reserves | 133 | €1,272,336 | €1,270,767 | -€1,569 | -0.1% |
| Amounts payable | 17/49 | €370,903 | €410,082 | +€39,179 | +10.6% |
| Amounts payable within one year | 42/48 | €354,566 | €384,537 | +€29,971 | +8.5% |
| Trade debts | 44 | €1,129 | €0 | -€1,129 | -100% |
| Suppliers | 440/4 | €1,129 | €0 | -€1,129 | -100% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €353,437 | €384,537 | +€31,100 | +8.8% |
| Accrued charges and deferred income | 492/3 | €16,337 | €25,545 | +€9,208 | +56.4% |
| Other operating charges | 640/8 | €1,260 | €1,304 | +€43 | +3.4% |
| Gross operating margin | 9900 | -€64 | €0 | +€64 | |
| Operating profit (loss) | 9901 | -€1,324 | -€1,304 | +€20 | +1.5% |
| Financial income | 75/76B | €6,600 | €9,000 | +€2,400 | +36.4% |
| Recurring financial income | 75 | €6,600 | €9,000 | +€2,400 | +36.4% |
| Financial charges | 65/66B | €8,455 | €9,265 | +€810 | +9.6% |
| Recurring financial charges | 65 | €8,455 | €9,265 | +€810 | +9.6% |
| Profit (loss) for the period before taxes | 9903 | -€3,179 | -€1,569 | +€1,611 | +50.7% |
| Profit (loss) for the period | 9904 | -€3,179 | -€1,569 | +€1,611 | +50.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,179 | -€1,569 | +€1,611 | +50.7% |
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 19 October 2026 via checked.be.