DELECAUT DAVID: 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.
DELECAUT DAVID
Largest movements
- Tangible fixed assets -€23,552
down €23,552 (-16.7%), from €141,451 to €117,899
- Receivables after one year -€4,158
no longer reported in 2025 (was €4,158)
- Debts after one year -€25,806
down €25,806 (-28.9%), from €89,214 to €63,408
- Tax, wage and social debts -€3,110
down €3,110 (-61.0%), from €5,096 to €1,986
- Taxes +€5,769
up €5,769 (+298%), from €1,938 to €7,707
- Other operating charges -€2,356
down €2,356 (-45.1%), from €5,221 to €2,865
- Financial charges -€1,514
down €1,514 (-27.2%), from €5,562 to €4,048
- Gross operating margin +€1,425
up €1,425 (+3.9%), from €36,095 to €37,519
- Depreciation -€1,113
down €1,113 (-4.5%), from €24,665 to €23,552
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 | €167,872 | €140,402 | -€27,470 | -16.4% |
| Fixed assets | 21/28 | €141,451 | €117,899 | -€23,552 | -16.7% |
| Tangible fixed assets | 22/27 | €141,451 | €117,899 | -€23,552 | -16.7% |
| Land and buildings | 22 | €76,936 | €70,883 | -€6,053 | -7.9% |
| Plant, machinery and equipment | 23 | €5,337 | €4,234 | -€1,102 | -20.7% |
| Furniture and vehicles | 24 | €34,501 | €25,529 | -€8,972 | -26.0% |
| Other tangible fixed assets | 26 | €24,677 | €17,253 | -€7,424 | -30.1% |
| Current assets | 29/58 | €26,421 | €22,504 | -€3,918 | -14.8% |
| Amounts receivable after more than one year | 29 | €4,158 | - | -€4,158 | |
| Other amounts receivable | 291 | €4,158 | - | -€4,158 | |
| Amounts receivable within one year | 40/41 | €12,500 | €14,100 | +€1,600 | +12.8% |
| Trade receivables | 40 | €12,500 | €14,100 | +€1,600 | +12.8% |
| Cash at bank and in hand | 54/58 | €8,772 | €8,130 | -€642 | -7.3% |
| Deferred charges and accrued income | 490/1 | €991 | €273 | -€718 | -72.4% |
| Total equity and liabilities | 10/49 | €167,872 | €140,402 | -€27,470 | -16.4% |
| Equity | 10/15 | €34,001 | €33,375 | -€626 | -1.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,401 | €14,775 | -€626 | -4.1% |
| Amounts payable | 17/49 | €133,871 | €107,027 | -€26,843 | -20.1% |
| Amounts payable after more than one year | 17 | €89,214 | €63,408 | -€25,806 | -28.9% |
| Financial debts | 170/4 | €89,214 | €63,408 | -€25,806 | -28.9% |
| Amounts payable within one year | 42/48 | €44,657 | €43,619 | -€1,037 | -2.3% |
| Current portion of amounts payable after more than one year | 42 | €21,052 | €21,648 | +€595 | +2.8% |
| Trade debts | 44 | €6,895 | €7,105 | +€210 | +3.0% |
| Suppliers | 440/4 | €6,895 | €7,105 | +€210 | +3.0% |
| Taxes, remuneration and social security | 45 | €5,096 | €1,986 | -€3,110 | -61.0% |
| Taxes | 450/3 | €5,096 | €1,986 | -€3,110 | -61.0% |
| Other amounts payable | 47/48 | €11,614 | €12,881 | +€1,267 | +10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,665 | €23,552 | -€1,113 | -4.5% |
| Other operating charges | 640/8 | €5,221 | €2,865 | -€2,356 | -45.1% |
| Gross operating margin | 9900 | €36,095 | €37,519 | +€1,425 | +3.9% |
| Operating profit (loss) | 9901 | €6,209 | €11,102 | +€4,894 | +78.8% |
| Financial income | 75/76B | €76 | €27 | -€49 | -65.0% |
| Recurring financial income | 75 | €76 | €27 | -€49 | -65.0% |
| Financial charges | 65/66B | €5,562 | €4,048 | -€1,514 | -27.2% |
| Recurring financial charges | 65 | €5,562 | €4,048 | -€1,514 | -27.2% |
| Profit (loss) for the period before taxes | 9903 | €723 | €7,081 | +€6,358 | +879% |
| Income taxes | 67/77 | €1,938 | €7,707 | +€5,769 | +298% |
| Profit (loss) for the period | 9904 | -€1,215 | -€626 | +€589 | +48.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,215 | -€626 | +€589 | +48.5% |
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 29 October 2026 via checked.be.