DELDEV: 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.
DELDEV
Largest movements
- Cash +€260,795
up €260,795 (+811%), from €32,149 to €292,945
mainly Net result for the year (+€274,112) and Trade debts (+€18,130)
- Reserves +€275,000
up €275,000 (+91.7%), from €300,000 to €575,000
- Financial income +€200,005
up €200,005 (+556%), from €36,001 to €236,006
- Gross operating margin +€7,543
up €7,543 (+12.0%), from €62,858 to €70,401
- Taxes +€2,848
up €2,848 (+21.3%), from €13,375 to €16,223
- Depreciation +€1,653
up €1,653 (+12.7%), from €13,031 to €14,684
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 | €6,370,532 | €6,615,631 | +€245,099 | +3.8% |
| Fixed assets | 21/28 | €6,335,707 | €6,321,023 | -€14,684 | -0.2% |
| Tangible fixed assets | 22/27 | €57,505 | €42,821 | -€14,684 | -25.5% |
| Furniture and vehicles | 24 | €57,505 | €42,821 | -€14,684 | -25.5% |
| Financial fixed assets | 28 | €6,278,202 | €6,278,202 | = | 0.0% |
| Current assets | 29/58 | €34,825 | €294,608 | +€259,783 | +746% |
| Amounts receivable within one year | 40/41 | €1,619 | €765 | -€854 | -52.8% |
| Trade receivables | 40 | €635 | €765 | +€130 | +20.4% |
| Other amounts receivable | 41 | €984 | €0 | -€984 | -100% |
| Cash at bank and in hand | 54/58 | €32,149 | €292,945 | +€260,795 | +811% |
| Deferred charges and accrued income | 490/1 | €1,057 | €899 | -€158 | -14.9% |
| Total equity and liabilities | 10/49 | €6,370,532 | €6,615,631 | +€245,099 | +3.8% |
| Equity | 10/15 | €308,198 | €582,310 | +€274,112 | +88.9% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €300,000 | €575,000 | +€275,000 | +91.7% |
| Distributable reserves | 133 | €300,000 | €575,000 | +€275,000 | +91.7% |
| Profit (loss) carried forward | 14 | €2,198 | €1,310 | -€888 | -40.4% |
| Amounts payable | 17/49 | €6,062,334 | €6,033,321 | -€29,013 | -0.5% |
| Amounts payable within one year | 42/48 | €6,062,325 | €6,033,035 | -€29,289 | -0.5% |
| Trade debts | 44 | €3,693 | €21,823 | +€18,130 | +491% |
| Suppliers | 440/4 | €3,693 | €21,823 | +€18,130 | +491% |
| Taxes, remuneration and social security | 45 | €9,591 | €14,005 | +€4,414 | +46.0% |
| Taxes | 450/3 | €9,591 | €14,005 | +€4,414 | +46.0% |
| Other amounts payable | 47/48 | €6,049,041 | €5,997,208 | -€51,833 | -0.9% |
| Accrued charges and deferred income | 492/3 | €10 | €286 | +€276 | +2,897% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,031 | €14,684 | +€1,653 | +12.7% |
| Other operating charges | 640/8 | €1,323 | €1,266 | -€58 | -4.4% |
| Gross operating margin | 9900 | €62,858 | €70,401 | +€7,543 | +12.0% |
| Operating profit (loss) | 9901 | €48,503 | €54,451 | +€5,948 | +12.3% |
| Financial income | 75/76B | €36,001 | €236,006 | +€200,005 | +556% |
| Recurring financial income | 75 | €36,001 | €236,006 | +€200,005 | +556% |
| Financial charges | 65/66B | €248 | €122 | -€126 | -50.9% |
| Recurring financial charges | 65 | €248 | €122 | -€126 | -50.9% |
| Profit (loss) for the period before taxes | 9903 | €84,255 | €290,335 | +€206,080 | +245% |
| Income taxes | 67/77 | €13,375 | €16,223 | +€2,848 | +21.3% |
| Profit (loss) for the period | 9904 | €70,880 | €274,112 | +€203,232 | +287% |
| Profit (loss) for the period to be appropriated | 9905 | €70,880 | €274,112 | +€203,232 | +287% |
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 20 October 2026 via checked.be.