DELBOR: 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.
DELBOR
Largest movements
- Receivables within one year +€82,593
up €82,593 (+13.1%), from €632,840 to €715,433
of which Trade receivables: +€82,451
- Tax, wage and social debts +€79,798
up €79,798 (+15.9%), from €502,387 to €582,186
of which Remuneration and social security: +€68,493
- Reserves +€40,426
up €40,426 (+609.5%), from €6,633 to €47,059
of which Distributable reserves: +€38,694
- Other debts -€40,000
down €40,000 (-100.0%), from €40,000 to €0
- Gross operating margin +€335,968
up €335,968 (+12.7%), from €2.6m to €3.0m
- Staff costs +€323,705
up €323,705 (+12.6%), from €2.6m to €2.9m
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €636,062 | €719,767 | +€83,705 | +13.2% |
| Current assets | 29/58 | €636,062 | €719,767 | +€83,705 | +13.2% |
| Amounts receivable within one year | 40/41 | €632,840 | €715,433 | +€82,593 | +13.1% |
| Trade receivables | 40 | €630,800 | €713,251 | +€82,451 | +13.1% |
| Other amounts receivable | 41 | €2,040 | €2,182 | +€142 | +7.0% |
| Cash at bank and in hand | 54/58 | €2,697 | €2,801 | +€104 | +3.9% |
| Deferred charges and accrued income | 490/1 | €525 | €1,533 | +€1,008 | +192.0% |
| Total equity and liabilities | 10/49 | €636,062 | €719,767 | +€83,705 | +13.2% |
| Equity | 10/15 | €68,133 | €108,559 | +€40,426 | +59.3% |
| 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 | €6,633 | €47,059 | +€40,426 | +609.5% |
| Non-distributable reserves | 130/1 | €4,419 | €6,150 | +€1,731 | +39.2% |
| Legal reserve | 130 | €4,419 | €6,150 | +€1,731 | +39.2% |
| Distributable reserves | 133 | €2,214 | €40,909 | +€38,694 | +1747.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €567,929 | €611,208 | +€43,280 | +7.6% |
| Amounts payable within one year | 42/48 | €567,929 | €611,208 | +€43,280 | +7.6% |
| Trade debts | 44 | €25,541 | €29,023 | +€3,481 | +13.6% |
| Suppliers | 440/4 | €25,541 | €29,023 | +€3,481 | +13.6% |
| Taxes, remuneration and social security | 45 | €502,387 | €582,186 | +€79,798 | +15.9% |
| Taxes | 450/3 | €32,247 | €43,552 | +€11,305 | +35.1% |
| Remuneration and social security | 454/9 | €470,141 | €538,634 | +€68,493 | +14.6% |
| Other amounts payable | 47/48 | €40,000 | €0 | -€40,000 | -100.0% |
| Remuneration, social security and pensions | 62 | €2,575,232 | €2,898,936 | +€323,705 | +12.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €387 | €998 | +€611 | +157.8% |
| Gross operating margin | 9900 | €2,641,689 | €2,977,657 | +€335,968 | +12.7% |
| Operating profit (loss) | 9901 | €66,070 | €77,723 | +€11,653 | +17.6% |
| Financial charges | 65/66B | €181 | €178 | -€4 | -1.9% |
| Recurring financial charges | 65 | €181 | €178 | -€4 | -1.9% |
| Profit (loss) for the period before taxes | 9903 | €65,889 | €77,545 | +€11,656 | +17.7% |
| Income taxes | 67/77 | €22,862 | €37,119 | +€14,258 | +62.4% |
| Profit (loss) for the period | 9904 | €43,027 | €40,426 | -€2,602 | -6.0% |
| Profit (loss) for the period to be appropriated | 9905 | €43,027 | €40,426 | -€2,602 | -6.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.