DELDE: 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.
DELDE
Largest movements
- Tangible fixed assets +€15,820
up €15,820 (+40.0%), from €39,509 to €55,329
of which Furniture and vehicles: +€20,845
- Receivables within one year -€10,392
down €10,392 (-32.4%), from €32,090 to €21,698
of which Trade receivables: -€15,892
- Stocks and contracts -€7,544
down €7,544 (-81.7%), from €9,237 to €1,694
- Cash -€5,042
down €5,042 (-18.8%), from €26,858 to €21,816
mainly Investment in fixed assets (net) (-€24,867) and Contributions, distributions and other (-€14,092)
- Deferred charges and accrued income +€3,024
up €3,024 (+207%), from €1,461 to €4,485
- Contributions -€14,092
no longer reported in 2025 (was €14,092)
- Advances received +€7,250
new in 2025: €7,250
- Trade debts +€3,702
up €3,702 (+38.9%), from €9,513 to €13,215
- Tax, wage and social debts -€2,165
down €2,165 (-53.3%), from €4,059 to €1,894
- Debts after one year +€2,164
up €2,164 (+17.8%), from €12,157 to €14,321
- Depreciation -€9,546
down €9,546 (-51.3%), from €18,594 to €9,048
- Gross operating margin -€6,674
down €6,674 (-29.2%), from €22,839 to €16,165
- Other operating charges +€2,779
up €2,779 (+108%), from €2,570 to €5,349
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 | €110,155 | €106,021 | -€4,134 | -3.8% |
| Fixed assets | 21/28 | €40,509 | €56,329 | +€15,820 | +39.1% |
| Tangible fixed assets | 22/27 | €39,509 | €55,329 | +€15,820 | +40.0% |
| Land and buildings | 22 | €8,300 | €5,631 | -€2,669 | -32.2% |
| Plant, machinery and equipment | 23 | €5,042 | €2,686 | -€2,356 | -46.7% |
| Furniture and vehicles | 24 | €26,167 | €47,012 | +€20,845 | +79.7% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €69,646 | €49,692 | -€19,954 | -28.7% |
| Stocks and contracts in progress | 3 | €9,237 | €1,694 | -€7,544 | -81.7% |
| Stocks | 30/36 | €9,237 | €1,694 | -€7,544 | -81.7% |
| Amounts receivable within one year | 40/41 | €32,090 | €21,698 | -€10,392 | -32.4% |
| Trade receivables | 40 | €32,090 | €16,198 | -€15,892 | -49.5% |
| Other amounts receivable | 41 | - | €5,500 | +€5,500 | |
| Cash at bank and in hand | 54/58 | €26,858 | €21,816 | -€5,042 | -18.8% |
| Deferred charges and accrued income | 490/1 | €1,461 | €4,485 | +€3,024 | +207% |
| Total equity and liabilities | 10/49 | €110,155 | €106,021 | -€4,134 | -3.8% |
| Equity | 10/15 | €70,824 | €56,867 | -€13,957 | -19.7% |
| Contributions | 10/11 | €14,092 | - | -€14,092 | |
| Contributions outside capital | 11 | €14,092 | - | -€14,092 | |
| Other | 1109/19 | €14,092 | - | -€14,092 | |
| Reserves | 13 | €56,732 | €56,867 | +€135 | +0.2% |
| Tax-exempt reserves | 132 | €22,077 | €22,077 | = | 0.0% |
| Distributable reserves | 133 | €34,656 | €34,791 | +€135 | +0.4% |
| Amounts payable | 17/49 | €39,331 | €49,154 | +€9,823 | +25.0% |
| Amounts payable after more than one year | 17 | €12,157 | €14,321 | +€2,164 | +17.8% |
| Financial debts | 170/4 | €12,157 | €14,321 | +€2,164 | +17.8% |
| Amounts payable within one year | 42/48 | €26,247 | €33,983 | +€7,736 | +29.5% |
| Current portion of amounts payable after more than one year | 42 | €12,675 | €11,624 | -€1,051 | -8.3% |
| Trade debts | 44 | €9,513 | €13,215 | +€3,702 | +38.9% |
| Suppliers | 440/4 | €9,513 | €13,215 | +€3,702 | +38.9% |
| Advances received on contracts in progress | 46 | - | €7,250 | +€7,250 | |
| Taxes, remuneration and social security | 45 | €4,059 | €1,894 | -€2,165 | -53.3% |
| Taxes | 450/3 | €4,059 | €1,894 | -€2,165 | -53.3% |
| Accrued charges and deferred income | 492/3 | €927 | €850 | -€77 | -8.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,594 | €9,048 | -€9,546 | -51.3% |
| Other operating charges | 640/8 | €2,570 | €5,349 | +€2,779 | +108% |
| Gross operating margin | 9900 | €22,839 | €16,165 | -€6,674 | -29.2% |
| Operating profit (loss) | 9901 | €1,676 | €1,769 | +€93 | +5.6% |
| Financial income | 75/76B | €9 | €10 | +€1 | +9.7% |
| Recurring financial income | 75 | €9 | €10 | +€1 | +9.7% |
| Financial charges | 65/66B | €747 | €745 | -€2 | -0.3% |
| Recurring financial charges | 65 | €747 | €745 | -€2 | -0.3% |
| Profit (loss) for the period before taxes | 9903 | €938 | €1,034 | +€96 | +10.3% |
| Income taxes | 67/77 | €778 | €899 | +€121 | +15.6% |
| Profit (loss) for the period | 9904 | €160 | €135 | -€25 | -15.7% |
| Profit (loss) for the period to be appropriated | 9905 | €160 | €135 | -€25 | -15.7% |
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 24 October 2026 via checked.be.