DELBRASSINNE: 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.
DELBRASSINNE
Largest movements
- Cash -€12,944
down €12,944 (-54.3%), from €23,842 to €10,898
mainly Investment in fixed assets (net) (-€31,696) and Trade debts (-€15,002)
- Tangible fixed assets +€11,919
up €11,919 (+30.2%), from €39,506 to €51,424
of which Furniture and vehicles: +€24,010
- Receivables within one year +€5,968
up €5,968 (+36.1%), from €16,553 to €22,521
of which Trade receivables: +€9,776
- Deferred charges and accrued income -€940
down €940 (-44.5%), from €2,112 to €1,171
- Trade debts -€15,002
down €15,002 (-77.6%), from €19,327 to €4,325
- Debts after one year +€14,185
up €14,185 (+91.9%), from €15,430 to €29,615
- Short-term financial debts -€4,181
no longer reported in 2025 (was €4,181)
- Reserves +€4,000
up €4,000 (+20.1%), from €19,860 to €23,860
- Current portion of long-term debt +€1,818
up €1,818 (+17.6%), from €10,320 to €12,138
- Turnover +€173,719
new in 2025: €173,719
- Purchases and services +€163,258
new in 2025: €163,258
- Depreciation +€5,419
up €5,419 (+37.7%), from €14,358 to €19,777
- Taxes -€2,148
down €2,148 (-58.7%), from €3,661 to €1,513
- Gross operating margin -€2,137
down €2,137 (-6.9%), from €30,957 to €28,820
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 | €82,622 | €86,155 | +€3,533 | +4.3% |
| Fixed assets | 21/28 | €39,506 | €51,424 | +€11,919 | +30.2% |
| Tangible fixed assets | 22/27 | €39,506 | €51,424 | +€11,919 | +30.2% |
| Plant, machinery and equipment | 23 | €7,331 | €3,956 | -€3,374 | -46.0% |
| Furniture and vehicles | 24 | €6,445 | €30,456 | +€24,010 | +372.5% |
| Leasing and similar rights | 25 | €24,109 | €17,012 | -€7,097 | -29.4% |
| Assets under construction and advance payments | 27 | €1,621 | - | -€1,621 | |
| Current assets | 29/58 | €43,116 | €34,730 | -€8,386 | -19.5% |
| Amounts receivable after more than one year | 29 | €610 | €140 | -€470 | -77.1% |
| Other amounts receivable | 291 | €610 | €140 | -€470 | -77.1% |
| Amounts receivable within one year | 40/41 | €16,553 | €22,521 | +€5,968 | +36.1% |
| Trade receivables | 40 | €8,969 | €18,745 | +€9,776 | +109.0% |
| Other amounts receivable | 41 | €7,584 | €3,776 | -€3,808 | -50.2% |
| Cash at bank and in hand | 54/58 | €23,842 | €10,898 | -€12,944 | -54.3% |
| Deferred charges and accrued income | 490/1 | €2,112 | €1,171 | -€940 | -44.5% |
| Total equity and liabilities | 10/49 | €82,622 | €86,155 | +€3,533 | +4.3% |
| Equity | 10/15 | €32,591 | €36,771 | +€4,181 | +12.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €19,860 | €23,860 | +€4,000 | +20.1% |
| Distributable reserves | 133 | €19,860 | €23,860 | +€4,000 | +20.1% |
| Profit (loss) carried forward | 14 | €331 | €511 | +€181 | +54.7% |
| Amounts payable | 17/49 | €50,031 | €49,383 | -€648 | -1.3% |
| Amounts payable after more than one year | 17 | €15,430 | €29,615 | +€14,185 | +91.9% |
| Financial debts | 170/4 | €15,430 | €29,615 | +€14,185 | +91.9% |
| Amounts payable within one year | 42/48 | €34,589 | €19,556 | -€15,033 | -43.5% |
| Current portion of amounts payable after more than one year | 42 | €10,320 | €12,138 | +€1,818 | +17.6% |
| Financial debts | 43 | €4,181 | - | -€4,181 | |
| Credit institutions | 430/8 | €4,181 | - | -€4,181 | |
| Trade debts | 44 | €19,327 | €4,325 | -€15,002 | -77.6% |
| Suppliers | 440/4 | €19,327 | €4,325 | -€15,002 | -77.6% |
| Advances received on contracts in progress | 46 | - | €1,132 | +€1,132 | |
| Taxes, remuneration and social security | 45 | €761 | €1,961 | +€1,200 | +157.7% |
| Taxes | 450/3 | €761 | €1,961 | +€1,200 | +157.7% |
| Accrued charges and deferred income | 492/3 | €12 | €211 | +€199 | +1603.9% |
| Turnover | 70 | - | €173,719 | +€173,719 | |
| Non-recurring operating income | 76A | - | €12,418 | +€12,418 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €163,258 | +€163,258 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,358 | €19,777 | +€5,419 | +37.7% |
| Other operating charges | 640/8 | €2,967 | €1,631 | -€1,336 | -45.0% |
| Gross operating margin | 9900 | €30,957 | €28,820 | -€2,137 | -6.9% |
| Operating profit (loss) | 9901 | €13,632 | €7,412 | -€6,220 | -45.6% |
| Financial income | 75/76B | €44 | €346 | +€302 | +682.4% |
| Recurring financial income | 75 | €44 | €346 | +€302 | +682.4% |
| Financial charges | 65/66B | €1,797 | €2,064 | +€267 | +14.9% |
| Recurring financial charges | 65 | €1,797 | €2,064 | +€267 | +14.9% |
| Profit (loss) for the period before taxes | 9903 | €11,879 | €5,694 | -€6,185 | -52.1% |
| Income taxes | 67/77 | €3,661 | €1,513 | -€2,148 | -58.7% |
| Profit (loss) for the period | 9904 | €8,218 | €4,181 | -€4,037 | -49.1% |
| Profit (loss) for the period to be appropriated | 9905 | €8,218 | €4,181 | -€4,037 | -49.1% |
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 9 October 2026 via checked.be.