DELETVIN: what changed
Two fiscal 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.
DELETVIN
Largest movements
- Stocks and contracts -€63,615
down €63,615 (-20.3%), from €313,639 to €250,024
- Cash -€25,231
down €25,231 (-35.9%), from €70,208 to €44,977
mainly Net result for the year (-€137,795) and Receivables within one year (-€14,491)
- Receivables within one year +€14,491
up €14,491 (+40.9%), from €35,451 to €49,941
of which Trade receivables: +€40,083
- Deferred charges and accrued income +€6,572
up €6,572 (+70.9%), from €9,267 to €15,839
- Tangible fixed assets -€5,911
down €5,911 (-4.7%), from €125,704 to €119,793
of which Land and buildings: -€5,262
- Profit (loss) carried forward -€137,795
down €137,795 (-29.7%), from -€464,032 to -€601,827
- Trade debts +€31,822
up €31,822 (+8.7%), from €366,998 to €398,819
- Other debts +€22,075
up €22,075 (+4.6%), from €484,015 to €506,090
- Tax, wage and social debts +€9,297
up €9,297 (+57.3%), from €16,215 to €25,512
of which Remuneration and social security: +€8,996
- Staff costs +€81,152
up €81,152 (+61.6%), from €131,832 to €212,985
- Gross operating margin -€76,323
down €76,323 (-41.9%), from €182,368 to €106,045
- Depreciation -€2,980
down €2,980 (-16.8%), from €17,721 to €14,741
- Other operating charges +€2,668
up €2,668 (+152.2%), from €1,753 to €4,420
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 | €554,269 | €482,074 | -€72,194 | -13.0% |
| Fixed assets | 21/28 | €125,704 | €121,293 | -€4,411 | -3.5% |
| Tangible fixed assets | 22/27 | €125,704 | €119,793 | -€5,911 | -4.7% |
| Land and buildings | 22 | €106,054 | €100,793 | -€5,262 | -5.0% |
| Plant, machinery and equipment | 23 | €14,438 | €16,308 | +€1,869 | +12.9% |
| Furniture and vehicles | 24 | €5,211 | €2,693 | -€2,518 | -48.3% |
| Financial fixed assets | 28 | - | €1,500 | +€1,500 | |
| Current assets | 29/58 | €428,565 | €360,781 | -€67,784 | -15.8% |
| Stocks and contracts in progress | 3 | €313,639 | €250,024 | -€63,615 | -20.3% |
| Stocks | 30/36 | €313,639 | €250,024 | -€63,615 | -20.3% |
| Amounts receivable within one year | 40/41 | €35,451 | €49,941 | +€14,491 | +40.9% |
| Trade receivables | 40 | €603 | €40,686 | +€40,083 | +6646.4% |
| Other amounts receivable | 41 | €34,848 | €9,255 | -€25,593 | -73.4% |
| Cash at bank and in hand | 54/58 | €70,208 | €44,977 | -€25,231 | -35.9% |
| Deferred charges and accrued income | 490/1 | €9,267 | €15,839 | +€6,572 | +70.9% |
| Total equity and liabilities | 10/49 | €554,269 | €482,074 | -€72,194 | -13.0% |
| Equity | 10/15 | -€325,133 | -€462,928 | -€137,795 | -42.4% |
| Contributions | 10/11 | €137,000 | €137,000 | = | 0.0% |
| Reserves | 13 | €1,899 | €1,899 | = | 0.0% |
| Distributable reserves | 133 | €1,899 | €1,899 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€464,032 | -€601,827 | -€137,795 | -29.7% |
| Amounts payable | 17/49 | €879,402 | €945,002 | +€65,601 | +7.5% |
| Amounts payable within one year | 42/48 | €867,228 | €931,267 | +€64,039 | +7.4% |
| Financial debts | 43 | - | €845 | +€845 | |
| Credit institutions | 430/8 | - | €845 | +€845 | |
| Trade debts | 44 | €366,998 | €398,819 | +€31,822 | +8.7% |
| Suppliers | 440/4 | €366,998 | €398,819 | +€31,822 | +8.7% |
| Taxes, remuneration and social security | 45 | €16,215 | €25,512 | +€9,297 | +57.3% |
| Taxes | 450/3 | €455 | €756 | +€301 | +66.1% |
| Remuneration and social security | 454/9 | €15,760 | €24,756 | +€8,996 | +57.1% |
| Other amounts payable | 47/48 | €484,015 | €506,090 | +€22,075 | +4.6% |
| Accrued charges and deferred income | 492/3 | €12,174 | €13,736 | +€1,562 | +12.8% |
| Remuneration, social security and pensions | 62 | €131,832 | €212,985 | +€81,152 | +61.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,721 | €14,741 | -€2,980 | -16.8% |
| Other operating charges | 640/8 | €1,753 | €4,420 | +€2,668 | +152.2% |
| Gross operating margin | 9900 | €182,368 | €106,045 | -€76,323 | -41.9% |
| Operating profit (loss) | 9901 | €31,062 | -€126,101 | -€157,163 | |
| Financial income | 75/76B | €182 | €661 | +€479 | +263.4% |
| Recurring financial income | 75 | €182 | €661 | +€479 | +263.4% |
| Financial charges | 65/66B | €13,576 | €12,356 | -€1,221 | -9.0% |
| Recurring financial charges | 65 | €13,576 | €12,356 | -€1,221 | -9.0% |
| Profit (loss) for the period before taxes | 9903 | €17,668 | -€137,795 | -€155,463 | |
| Profit (loss) for the period | 9904 | €17,668 | -€137,795 | -€155,463 | |
| Profit (loss) for the period to be appropriated | 9905 | €17,668 | -€137,795 | -€155,463 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.