DELCROIX CONCEPT: 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.
DELCROIX CONCEPT
Largest movements
- Cash +€82,173
up €82,173 (+48.0%), from €171,068 to €253,241
mainly Net result for the year (+€183,283) and Receivables within one year (+€45,553)
- Receivables within one year -€45,553
down €45,553 (-27.8%), from €163,624 to €118,071
of which Trade receivables: -€46,470
- Tangible fixed assets +€30,746
up €30,746 (+26.4%), from €116,637 to €147,383
of which Furniture and vehicles: +€45,226
- Deferred charges and accrued income +€7,136
up €7,136 (+181%), from €3,953 to €11,089
- Reserves +€48,000
up €48,000 (+21.1%), from €227,000 to €275,000
- Debts after one year +€20,025
up €20,025 (+339%), from €5,902 to €25,927
- Trade debts -€12,949
down €12,949 (-29.5%), from €43,929 to €30,980
- Accrued charges and deferred income +€8,163
new in 2025: €8,163
- Tax, wage and social debts +€6,243
up €6,243 (+6.2%), from €100,177 to €106,420
of which Remuneration and social security: +€7,323
- Taxes -€12,916
down €12,916 (-24.5%), from €52,691 to €39,775
- Gross operating margin -€10,025
down €10,025 (-2.0%), from €500,829 to €490,804
- Staff costs +€7,245
up €7,245 (+3.3%), from €222,459 to €229,704
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 | €504,914 | €579,097 | +€74,183 | +14.7% |
| Fixed assets | 21/28 | €116,637 | €147,383 | +€30,746 | +26.4% |
| Tangible fixed assets | 22/27 | €116,637 | €147,383 | +€30,746 | +26.4% |
| Plant, machinery and equipment | 23 | €11,468 | €6,521 | -€4,947 | -43.1% |
| Furniture and vehicles | 24 | €7,127 | €52,353 | +€45,226 | +635% |
| Other tangible fixed assets | 26 | €98,042 | €88,509 | -€9,533 | -9.7% |
| Current assets | 29/58 | €388,277 | €431,715 | +€43,438 | +11.2% |
| Stocks and contracts in progress | 3 | €49,632 | €49,313 | -€319 | -0.6% |
| Stocks | 30/36 | €49,632 | €49,313 | -€319 | -0.6% |
| Amounts receivable within one year | 40/41 | €163,624 | €118,071 | -€45,553 | -27.8% |
| Trade receivables | 40 | €163,624 | €117,154 | -€46,470 | -28.4% |
| Other amounts receivable | 41 | - | €917 | +€917 | |
| Cash at bank and in hand | 54/58 | €171,068 | €253,241 | +€82,173 | +48.0% |
| Deferred charges and accrued income | 490/1 | €3,953 | €11,089 | +€7,136 | +181% |
| Total equity and liabilities | 10/49 | €504,914 | €579,097 | +€74,183 | +14.7% |
| Equity | 10/15 | €276,111 | €324,393 | +€48,282 | +17.5% |
| Contributions | 10/11 | €48,742 | €48,742 | -€0 | 0.0% |
| Reserves | 13 | €227,000 | €275,000 | +€48,000 | +21.1% |
| Distributable reserves | 133 | €227,000 | €275,000 | +€48,000 | +21.1% |
| Profit (loss) carried forward | 14 | €369 | €652 | +€283 | +76.6% |
| Amounts payable | 17/49 | €228,803 | €254,704 | +€25,901 | +11.3% |
| Amounts payable after more than one year | 17 | €5,902 | €25,927 | +€20,025 | +339% |
| Financial debts | 170/4 | €5,902 | €25,927 | +€20,025 | +339% |
| Amounts payable within one year | 42/48 | €222,901 | €220,614 | -€2,287 | -1.0% |
| Current portion of amounts payable after more than one year | 42 | €3,223 | €7,470 | +€4,247 | +132% |
| Trade debts | 44 | €43,929 | €30,980 | -€12,949 | -29.5% |
| Suppliers | 440/4 | €43,929 | €30,980 | -€12,949 | -29.5% |
| Taxes, remuneration and social security | 45 | €100,177 | €106,420 | +€6,243 | +6.2% |
| Taxes | 450/3 | €70,060 | €68,980 | -€1,080 | -1.5% |
| Remuneration and social security | 454/9 | €30,117 | €37,440 | +€7,323 | +24.3% |
| Other amounts payable | 47/48 | €75,572 | €75,745 | +€173 | +0.2% |
| Accrued charges and deferred income | 492/3 | - | €8,163 | +€8,163 | |
| Non-recurring operating income | 76A | - | €18,000 | +€18,000 | |
| Remuneration, social security and pensions | 62 | €222,459 | €229,704 | +€7,245 | +3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,646 | €28,888 | +€242 | +0.8% |
| Other operating charges | 640/8 | €1,771 | €5,203 | +€3,432 | +194% |
| Gross operating margin | 9900 | €500,829 | €490,804 | -€10,025 | -2.0% |
| Operating profit (loss) | 9901 | €247,953 | €227,008 | -€20,945 | -8.4% |
| Financial income | 75/76B | €1,383 | €2,838 | +€1,455 | +105% |
| Recurring financial income | 75 | €1,383 | €2,838 | +€1,455 | +105% |
| Financial charges | 65/66B | €2,296 | €6,788 | +€4,492 | +196% |
| Recurring financial charges | 65 | €2,296 | €6,788 | +€4,492 | +196% |
| Profit (loss) for the period before taxes | 9903 | €247,040 | €223,058 | -€23,982 | -9.7% |
| Income taxes | 67/77 | €52,691 | €39,775 | -€12,916 | -24.5% |
| Profit (loss) for the period | 9904 | €194,349 | €183,283 | -€11,066 | -5.7% |
| Profit (loss) for the period to be appropriated | 9905 | €194,349 | €183,283 | -€11,066 | -5.7% |
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 27 October 2026 via checked.be.