Delegando BV: 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.
Delegando BV
Largest movements
- Financial fixed assets -€2.5m
down €2.5m (-100%), from €2.5m to €0
- Current investments +€1.4m
new in 2025: €1.4m
- Tangible fixed assets +€1.0m
up €1.0m (+253%), from €411,820 to €1.5m
- Deferred charges and accrued income +€522,121
up €522,121 (+176,954%), from €295 to €522,416
- Receivables after one year +€400,000
new in 2025: €400,000
- Reserves +€560,292
up €560,292 (+32.4%), from €1.7m to €2.3m
- Short-term financial debts +€505,000
new in 2025: €505,000
- Debts after one year +€163,080
up €163,080 (+22.4%), from €727,312 to €890,392
- Trade debts -€136,203
down €136,203 (-96.1%), from €141,662 to €5,460
- Current portion of long-term debt -€125,906
down €125,906 (-77.8%), from €161,935 to €36,029
- Gross operating margin +€635,512
up €635,512 (+1,034%), from €61,456 to €696,968
- Financial income -€199,686
down €199,686 (-79.8%), from €250,295 to €50,609
- Depreciation +€148,054
up €148,054 (+3,494%), from €4,237 to €152,291
- Financial charges +€17,825
up €17,825 (+176%), from €10,128 to €27,953
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 | €3,102,617 | €4,068,629 | +€966,012 | +31.1% |
| Fixed assets | 21/28 | €2,861,820 | €1,454,479 | -€1.4m | -49.2% |
| Tangible fixed assets | 22/27 | €411,820 | €1,454,479 | +€1.0m | +253% |
| Land and buildings | 22 | €411,820 | €1,454,479 | +€1.0m | +253% |
| Financial fixed assets | 28 | €2,450,000 | €0 | -€2.5m | -100% |
| Current assets | 29/58 | €240,797 | €2,614,150 | +€2.4m | +986% |
| Amounts receivable after more than one year | 29 | - | €400,000 | +€400,000 | |
| Other amounts receivable | 291 | - | €400,000 | +€400,000 | |
| Amounts receivable within one year | 40/41 | €119,893 | €212,866 | +€92,973 | +77.5% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €119,893 | €212,866 | +€92,973 | +77.5% |
| Current investments | 50/53 | - | €1,392,061 | +€1.4m | |
| Cash at bank and in hand | 54/58 | €120,608 | €86,807 | -€33,802 | -28.0% |
| Deferred charges and accrued income | 490/1 | €295 | €522,416 | +€522,121 | +176,954% |
| Total equity and liabilities | 10/49 | €3,102,617 | €4,068,629 | +€966,012 | +31.1% |
| Equity | 10/15 | €1,978,903 | €2,539,194 | +€560,292 | +28.3% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €1,728,903 | €2,289,194 | +€560,292 | +32.4% |
| Distributable reserves | 133 | €1,728,903 | €2,289,194 | +€560,292 | +32.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,123,714 | €1,529,435 | +€405,721 | +36.1% |
| Amounts payable after more than one year | 17 | €727,312 | €890,392 | +€163,080 | +22.4% |
| Financial debts | 170/4 | €727,312 | €890,392 | +€163,080 | +22.4% |
| Amounts payable within one year | 42/48 | €396,377 | €639,043 | +€242,666 | +61.2% |
| Current portion of amounts payable after more than one year | 42 | €161,935 | €36,029 | -€125,906 | -77.8% |
| Financial debts | 43 | - | €505,000 | +€505,000 | |
| Credit institutions | 430/8 | - | €505,000 | +€505,000 | |
| Trade debts | 44 | €141,662 | €5,460 | -€136,203 | -96.1% |
| Suppliers | 440/4 | €141,662 | €5,460 | -€136,203 | -96.1% |
| Taxes, remuneration and social security | 45 | €2,634 | €2,279 | -€355 | -13.5% |
| Taxes | 450/3 | €2,634 | €2,279 | -€355 | -13.5% |
| Other amounts payable | 47/48 | €90,145 | €90,274 | +€129 | +0.1% |
| Accrued charges and deferred income | 492/3 | €25 | €0 | -€25 | -100% |
| Non-recurring operating income | 76A | - | €700,000 | +€700,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,237 | €152,291 | +€148,054 | +3,494% |
| Other operating charges | 640/8 | €2,171 | €7,041 | +€4,871 | +224% |
| Gross operating margin | 9900 | €61,456 | €696,968 | +€635,512 | +1,034% |
| Operating profit (loss) | 9901 | €55,048 | €537,635 | +€482,588 | +877% |
| Financial income | 75/76B | €250,295 | €50,609 | -€199,686 | -79.8% |
| Recurring financial income | 75 | €250,295 | €50,609 | -€199,686 | -79.8% |
| Financial charges | 65/66B | €10,128 | €27,953 | +€17,825 | +176% |
| Recurring financial charges | 65 | €10,128 | €27,953 | +€17,825 | +176% |
| Profit (loss) for the period before taxes | 9903 | €295,215 | €560,292 | +€265,077 | +89.8% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €295,215 | €560,292 | +€265,077 | +89.8% |
| Profit (loss) for the period to be appropriated | 9905 | €295,215 | €560,292 | +€265,077 | +89.8% |
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 25 October 2026 via checked.be.