DELBOEVER: 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.
DELBOEVER
Largest movements
- Stocks and contracts +€729,722
up €729,722 (+195.6%), from €373,127 to €1.1m
- Receivables within one year +€85,229
up €85,229 (+1786.4%), from €4,771 to €90,000
- Short-term financial debts +€615,000
up €615,000 (+615.0%), from €100,000 to €715,000
- Other debts +€223,615
up €223,615 (+396.3%), from €56,426 to €280,041
- Trade debts -€15,254
down €15,254 (-57.6%), from €26,493 to €11,239
- Tax, wage and social debts -€14,797
down €14,797 (-100.0%), from €14,797 to €0
- Gross operating margin -€94,978
down €94,978 (-71.9%), from €132,135 to €37,156
- Taxes -€14,797
down €14,797 (-100.0%), from €14,797 to €0
- Financial charges +€14,523
up €14,523 (+51.6%), from €28,146 to €42,669
- Other operating charges -€1,566
down €1,566 (-74.2%), from €2,109 to €543
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 | €416,431 | €1,225,731 | +€809,300 | +194.3% |
| Fixed assets | 21/28 | €4,260 | €4,026 | -€234 | -5.5% |
| Tangible fixed assets | 22/27 | €4,260 | €4,026 | -€234 | -5.5% |
| Plant, machinery and equipment | 23 | €4,260 | €4,026 | -€234 | -5.5% |
| Current assets | 29/58 | €412,171 | €1,221,705 | +€809,534 | +196.4% |
| Stocks and contracts in progress | 3 | €373,127 | €1,102,850 | +€729,722 | +195.6% |
| Stocks | 30/36 | €373,127 | €1,102,850 | +€729,722 | +195.6% |
| Amounts receivable within one year | 40/41 | €4,771 | €90,000 | +€85,229 | +1786.4% |
| Trade receivables | 40 | €4,771 | €90,000 | +€85,229 | +1786.4% |
| Cash at bank and in hand | 54/58 | €34,049 | €28,855 | -€5,194 | -15.3% |
| Deferred charges and accrued income | 490/1 | €224 | €0 | -€224 | -100.0% |
| Total equity and liabilities | 10/49 | €416,431 | €1,225,731 | +€809,300 | +194.3% |
| Equity | 10/15 | €79,340 | €72,315 | -€7,025 | -8.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €59,340 | €52,315 | -€7,025 | -11.8% |
| Distributable reserves | 133 | €59,340 | €52,315 | -€7,025 | -11.8% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €337,091 | €1,153,416 | +€816,325 | +242.2% |
| Amounts payable after more than one year | 17 | €139,000 | €144,000 | +€5,000 | +3.6% |
| Financial debts | 170/4 | €139,000 | €144,000 | +€5,000 | +3.6% |
| Amounts payable within one year | 42/48 | €197,715 | €1,006,280 | +€808,565 | +409.0% |
| Financial debts | 43 | €100,000 | €715,000 | +€615,000 | +615.0% |
| Credit institutions | 430/8 | €100,000 | €715,000 | +€615,000 | +615.0% |
| Trade debts | 44 | €26,493 | €11,239 | -€15,254 | -57.6% |
| Suppliers | 440/4 | €26,493 | €11,239 | -€15,254 | -57.6% |
| Taxes, remuneration and social security | 45 | €14,797 | €0 | -€14,797 | -100.0% |
| Taxes | 450/3 | €14,797 | €0 | -€14,797 | -100.0% |
| Other amounts payable | 47/48 | €56,426 | €280,041 | +€223,615 | +396.3% |
| Accrued charges and deferred income | 492/3 | €376 | €3,136 | +€2,760 | +735.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €134 | €969 | +€835 | +620.7% |
| Other operating charges | 640/8 | €2,109 | €543 | -€1,566 | -74.2% |
| Gross operating margin | 9900 | €132,135 | €37,156 | -€94,978 | -71.9% |
| Operating profit (loss) | 9901 | €129,891 | €35,644 | -€94,247 | -72.6% |
| Financial charges | 65/66B | €28,146 | €42,669 | +€14,523 | +51.6% |
| Recurring financial charges | 65 | €28,146 | €42,669 | +€14,523 | +51.6% |
| Profit (loss) for the period before taxes | 9903 | €101,746 | -€7,025 | -€108,771 | |
| Income taxes | 67/77 | €14,797 | €0 | -€14,797 | -100.0% |
| Profit (loss) for the period | 9904 | €86,949 | -€7,025 | -€93,974 | |
| Profit (loss) for the period to be appropriated | 9905 | €86,949 | -€7,025 | -€93,974 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.