DELDER: 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.
DELDER
Largest movements
- Cash -€20,351
down €20,351 (-46.3%), from €43,944 to €23,593
mainly Other debts (-€49,190) and Investment in fixed assets (net) (-€45,922)
- Tangible fixed assets +€18,358
up €18,358 (+5.4%), from €338,202 to €356,559
- Other debts -€49,190
down €49,190 (-92.8%), from €52,985 to €3,795
- Reserves +€39,145
up €39,145 (+38.1%), from €102,796 to €141,941
- Tax, wage and social debts +€5,853
up €5,853 (+161.2%), from €3,631 to €9,484
- Gross operating margin +€11,758
up €11,758 (+13.9%), from €84,765 to €96,523
- Taxes +€6,053
up €6,053 (+48.7%), from €12,431 to €18,484
- Depreciation -€4,909
down €4,909 (-15.1%), from €32,474 to €27,565
- Financial charges -€2,381
down €2,381 (-40.5%), from €5,875 to €3,494
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 | €383,780 | €381,839 | -€1,942 | -0.5% |
| Fixed assets | 21/28 | €338,202 | €356,559 | +€18,358 | +5.4% |
| Tangible fixed assets | 22/27 | €338,202 | €356,559 | +€18,358 | +5.4% |
| Land and buildings | 22 | €338,202 | €356,559 | +€18,358 | +5.4% |
| Current assets | 29/58 | €45,579 | €25,279 | -€20,299 | -44.5% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €43,944 | €23,593 | -€20,351 | -46.3% |
| Deferred charges and accrued income | 490/1 | €1,635 | €1,687 | +€52 | +3.2% |
| Total equity and liabilities | 10/49 | €383,780 | €381,839 | -€1,942 | -0.5% |
| Equity | 10/15 | €327,164 | €366,309 | +€39,145 | +12.0% |
| Contributions | 10/11 | €224,368 | €224,368 | = | 0.0% |
| Reserves | 13 | €102,796 | €141,941 | +€39,145 | +38.1% |
| Distributable reserves | 133 | €102,796 | €141,941 | +€39,145 | +38.1% |
| Amounts payable | 17/49 | €56,617 | €15,530 | -€41,087 | -72.6% |
| Amounts payable within one year | 42/48 | €56,617 | €13,280 | -€43,337 | -76.5% |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €3,631 | €9,484 | +€5,853 | +161.2% |
| Taxes | 450/3 | €3,631 | €9,484 | +€5,853 | +161.2% |
| Other amounts payable | 47/48 | €52,985 | €3,795 | -€49,190 | -92.8% |
| Accrued charges and deferred income | 492/3 | €0 | €2,250 | +€2,250 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,474 | €27,565 | -€4,909 | -15.1% |
| Other operating charges | 640/8 | €7,596 | €7,834 | +€238 | +3.1% |
| Gross operating margin | 9900 | €84,765 | €96,523 | +€11,758 | +13.9% |
| Operating profit (loss) | 9901 | €44,695 | €61,123 | +€16,428 | +36.8% |
| Financial income | 75/76B | €250 | €0 | -€250 | -100.0% |
| Recurring financial income | 75 | €250 | €0 | -€250 | -100.0% |
| Financial charges | 65/66B | €5,875 | €3,494 | -€2,381 | -40.5% |
| Recurring financial charges | 65 | €5,875 | €3,494 | -€2,381 | -40.5% |
| Profit (loss) for the period before taxes | 9903 | €39,070 | €57,630 | +€18,559 | +47.5% |
| Income taxes | 67/77 | €12,431 | €18,484 | +€6,053 | +48.7% |
| Profit (loss) for the period | 9904 | €26,639 | €39,145 | +€12,506 | +46.9% |
| Profit (loss) for the period to be appropriated | 9905 | €26,639 | €39,145 | +€12,506 | +46.9% |
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 12 October 2026 via checked.be.