DELE PRINTING: 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.
DELE PRINTING
Largest movements
- Tangible fixed assets -€56,031
down €56,031 (-46.5%), from €120,373 to €64,342
of which Plant, machinery and equipment: -€30,741
- Receivables within one year -€29,392
down €29,392 (-18.0%), from €163,604 to €134,212
of which Trade receivables: -€51,392
- Cash -€23,526
down €23,526 (-89.9%), from €26,169 to €2,643
mainly Tax, wage and social debts (-€52,142) and Debts after one year (-€49,873)
- Tax, wage and social debts -€52,142
down €52,142 (-48.1%), from €108,372 to €56,230
of which Taxes: -€50,648
- Debts after one year -€49,873
down €49,873 (-50.9%), from €98,039 to €48,166
- Short-term financial debts +€29,930
up €29,930 (+20.0%), from €150,000 to €179,930
- Other debts -€20,981
down €20,981 (-100%), from €20,981 to €0
- Trade debts -€18,668
down €18,668 (-12.0%), from €155,290 to €136,622
- Gross operating margin -€157,387
down €157,387 (-51.9%), from €303,094 to €145,708
- Taxes -€40,445
down €40,445 (-93.8%), from €43,119 to €2,675
- Depreciation -€32,174
down €32,174 (-40.3%), from €79,743 to €47,570
- Other operating charges +€10,988
up €10,988 (+314%), from €3,496 to €14,484
- Staff costs -€9,464
down €9,464 (-15.1%), from €62,744 to €53,280
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 | €1,158,430 | €1,039,475 | -€118,955 | -10.3% |
| Fixed assets | 21/28 | €121,033 | €64,638 | -€56,396 | -46.6% |
| Tangible fixed assets | 22/27 | €120,373 | €64,342 | -€56,031 | -46.5% |
| Land and buildings | 22 | €434 | €381 | -€53 | -12.2% |
| Plant, machinery and equipment | 23 | €58,085 | €27,345 | -€30,741 | -52.9% |
| Furniture and vehicles | 24 | €6,819 | €3,965 | -€2,853 | -41.8% |
| Leasing and similar rights | 25 | €55,035 | €32,651 | -€22,384 | -40.7% |
| Financial fixed assets | 28 | €660 | €295 | -€365 | -55.3% |
| Current assets | 29/58 | €1,037,397 | €974,838 | -€62,560 | -6.0% |
| Amounts receivable after more than one year | 29 | €741,497 | €741,497 | = | 0.0% |
| Other amounts receivable | 291 | €741,497 | €741,497 | = | 0.0% |
| Stocks and contracts in progress | 3 | €95,723 | €91,571 | -€4,152 | -4.3% |
| Stocks | 30/36 | €95,723 | €91,571 | -€4,152 | -4.3% |
| Amounts receivable within one year | 40/41 | €163,604 | €134,212 | -€29,392 | -18.0% |
| Trade receivables | 40 | €163,604 | €112,212 | -€51,392 | -31.4% |
| Other amounts receivable | 41 | - | €22,000 | +€22,000 | |
| Cash at bank and in hand | 54/58 | €26,169 | €2,643 | -€23,526 | -89.9% |
| Deferred charges and accrued income | 490/1 | €10,405 | €4,915 | -€5,490 | -52.8% |
| Total equity and liabilities | 10/49 | €1,158,430 | €1,039,475 | -€118,955 | -10.3% |
| Equity | 10/15 | €570,123 | €568,654 | -€1,469 | -0.3% |
| Contributions | 10/11 | €37,184 | €37,184 | = | 0.0% |
| Reserves | 13 | €532,939 | €531,470 | -€1,469 | -0.3% |
| Non-distributable reserves | 130/1 | €3,718 | €3,718 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,718 | €3,718 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €510,471 | €509,001 | -€1,469 | -0.3% |
| Amounts payable | 17/49 | €588,307 | €470,821 | -€117,486 | -20.0% |
| Amounts payable after more than one year | 17 | €98,039 | €48,166 | -€49,873 | -50.9% |
| Financial debts | 170/4 | €98,039 | €48,166 | -€49,873 | -50.9% |
| Amounts payable within one year | 42/48 | €485,650 | €422,656 | -€62,995 | -13.0% |
| Current portion of amounts payable after more than one year | 42 | €51,007 | €49,873 | -€1,134 | -2.2% |
| Financial debts | 43 | €150,000 | €179,930 | +€29,930 | +20.0% |
| Credit institutions | 430/8 | €150,000 | €179,930 | +€29,930 | +20.0% |
| Trade debts | 44 | €155,290 | €136,622 | -€18,668 | -12.0% |
| Suppliers | 440/4 | €155,290 | €136,622 | -€18,668 | -12.0% |
| Taxes, remuneration and social security | 45 | €108,372 | €56,230 | -€52,142 | -48.1% |
| Taxes | 450/3 | €100,340 | €49,693 | -€50,648 | -50.5% |
| Remuneration and social security | 454/9 | €8,031 | €6,537 | -€1,494 | -18.6% |
| Other amounts payable | 47/48 | €20,981 | €0 | -€20,981 | -100% |
| Accrued charges and deferred income | 492/3 | €4,618 | €0 | -€4,618 | -100% |
| Remuneration, social security and pensions | 62 | €62,744 | €53,280 | -€9,464 | -15.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €79,743 | €47,570 | -€32,174 | -40.3% |
| Other operating charges | 640/8 | €3,496 | €14,484 | +€10,988 | +314% |
| Non-recurring operating charges | 66A | €22,310 | €7,055 | -€15,255 | -68.4% |
| Gross operating margin | 9900 | €303,094 | €145,708 | -€157,387 | -51.9% |
| Operating profit (loss) | 9901 | €134,802 | €23,320 | -€111,481 | -82.7% |
| Financial income | 75/76B | €464 | €570 | +€107 | +23.0% |
| Recurring financial income | 75 | €464 | €570 | +€107 | +23.0% |
| Financial charges | 65/66B | €29,251 | €22,685 | -€6,566 | -22.4% |
| Recurring financial charges | 65 | €29,251 | €22,685 | -€6,566 | -22.4% |
| Profit (loss) for the period before taxes | 9903 | €106,015 | €1,205 | -€104,809 | -98.9% |
| Income taxes | 67/77 | €43,119 | €2,675 | -€40,445 | -93.8% |
| Profit (loss) for the period | 9904 | €62,895 | -€1,469 | -€64,365 | |
| Profit (loss) for the period to be appropriated | 9905 | €62,895 | -€1,469 | -€64,365 |
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 19 October 2026 via checked.be.