DELEU - MOERMAN: 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.
DELEU - MOERMAN
Largest movements
- Tangible fixed assets +€32,998
up €32,998 (+2.9%), from €1.1m to €1.2m
of which Land and buildings: +€36,514
- Profit (loss) carried forward +€24,849
up €24,849 (+48.7%), from -€50,987 to -€26,138
- Trade debts +€22,223
up €22,223 (+389.7%), from €5,702 to €27,925
- Current portion of long-term debt +€12,447
up €12,447 (+29.1%), from €42,750 to €55,197
- Debts after one year -€12,009
down €12,009 (-2.5%), from €481,863 to €469,854
of which Financial debts: -€12,009
- Gross operating margin +€35,959
up €35,959 (+41.9%), from €85,891 to €121,850
- Other operating charges +€2,816
up €2,816 (+20.5%), from €13,764 to €16,580
- Depreciation +€2,682
up €2,682 (+4.4%), from €60,803 to €63,486
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 | €1,152,558 | €1,195,160 | +€42,602 | +3.7% |
| Fixed assets | 21/28 | €1,126,583 | €1,159,581 | +€32,998 | +2.9% |
| Tangible fixed assets | 22/27 | €1,126,583 | €1,159,581 | +€32,998 | +2.9% |
| Land and buildings | 22 | €1,113,203 | €1,149,717 | +€36,514 | +3.3% |
| Plant, machinery and equipment | 23 | €11,131 | €9,664 | -€1,467 | -13.2% |
| Furniture and vehicles | 24 | €2,248 | €200 | -€2,048 | -91.1% |
| Current assets | 29/58 | €25,976 | €35,579 | +€9,604 | +37.0% |
| Amounts receivable within one year | 40/41 | €694 | €927 | +€233 | +33.6% |
| Trade receivables | 40 | €694 | €927 | +€233 | +33.6% |
| Cash at bank and in hand | 54/58 | €14,410 | €18,827 | +€4,417 | +30.7% |
| Deferred charges and accrued income | 490/1 | €10,872 | €15,825 | +€4,954 | +45.6% |
| Total equity and liabilities | 10/49 | €1,152,558 | €1,195,160 | +€42,602 | +3.7% |
| Equity | 10/15 | €38,254 | €63,103 | +€24,849 | +65.0% |
| Contributions | 10/11 | €89,242 | €89,242 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€50,987 | -€26,138 | +€24,849 | +48.7% |
| Amounts payable | 17/49 | €1,114,304 | €1,132,057 | +€17,753 | +1.6% |
| Amounts payable after more than one year | 17 | €481,863 | €469,854 | -€12,009 | -2.5% |
| Financial debts | 170/4 | €392,797 | €380,788 | -€12,009 | -3.1% |
| Other amounts payable | 178/9 | €89,066 | €89,066 | = | 0.0% |
| Amounts payable within one year | 42/48 | €603,974 | €638,061 | +€34,088 | +5.6% |
| Current portion of amounts payable after more than one year | 42 | €42,750 | €55,197 | +€12,447 | +29.1% |
| Trade debts | 44 | €5,702 | €27,925 | +€22,223 | +389.7% |
| Suppliers | 440/4 | €5,702 | €27,925 | +€22,223 | +389.7% |
| Other amounts payable | 47/48 | €555,522 | €554,939 | -€583 | -0.1% |
| Accrued charges and deferred income | 492/3 | €28,467 | €24,141 | -€4,326 | -15.2% |
| Non-recurring operating income | 76A | - | €2,665 | +€2,665 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,803 | €63,486 | +€2,682 | +4.4% |
| Other operating charges | 640/8 | €13,764 | €16,580 | +€2,816 | +20.5% |
| Non-recurring operating charges | 66A | €77 | - | -€77 | |
| Gross operating margin | 9900 | €85,891 | €121,850 | +€35,959 | +41.9% |
| Operating profit (loss) | 9901 | €11,246 | €41,784 | +€30,538 | +271.5% |
| Financial income | 75/76B | €170 | - | -€170 | |
| Recurring financial income | 75 | €170 | - | -€170 | |
| Financial charges | 65/66B | €17,207 | €16,935 | -€272 | -1.6% |
| Recurring financial charges | 65 | €17,207 | €16,935 | -€272 | -1.6% |
| Profit (loss) for the period before taxes | 9903 | -€5,790 | €24,849 | +€30,639 | |
| Profit (loss) for the period | 9904 | -€5,790 | €24,849 | +€30,639 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,790 | €24,849 | +€30,639 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.