DELEVAN: 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.
DELEVAN
Largest movements
- Stocks and contracts +€12,291
up €12,291 (+256.1%), from €4,800 to €17,091
- Cash -€7,208
down €7,208 (-8.5%), from €84,833 to €77,625
mainly Stocks and contracts (-€12,291) and Trade debts (-€5,862)
- Receivables within one year +€4,533
up €4,533 (+34.6%), from €13,091 to €17,624
of which Trade receivables: +€6,104
- Deferred charges and accrued income -€2,181
down €2,181 (-68.1%), from €3,205 to €1,024
- Reserves +€15,679
up €15,679 (+25.2%), from €62,166 to €77,846
- Trade debts -€5,862
down €5,862 (-50.8%), from €11,548 to €5,686
- Other debts -€3,724
down €3,724 (-35.6%), from €10,458 to €6,734
- Tax, wage and social debts +€3,459
new in 2025: €3,459
- Debts after one year -€2,717
down €2,717 (-62.4%), from €4,353 to €1,636
- Gross operating margin +€12,414
up €12,414 (+69.8%), from €17,777 to €30,191
- Taxes +€3,791
up €3,791 (+99.2%), from €3,823 to €7,614
- Financial charges -€742
down €742 (-45.3%), from €1,637 to €895
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 | €109,736 | €116,679 | +€6,942 | +6.3% |
| Fixed assets | 21/28 | €3,808 | €3,315 | -€493 | -12.9% |
| Tangible fixed assets | 22/27 | €3,808 | €3,315 | -€493 | -12.9% |
| Land and buildings | 22 | €3,647 | €2,427 | -€1,220 | -33.4% |
| Furniture and vehicles | 24 | €161 | €888 | +€727 | +451.5% |
| Current assets | 29/58 | €105,928 | €113,364 | +€7,436 | +7.0% |
| Stocks and contracts in progress | 3 | €4,800 | €17,091 | +€12,291 | +256.1% |
| Stocks | 30/36 | €4,800 | €17,091 | +€12,291 | +256.1% |
| Amounts receivable within one year | 40/41 | €13,091 | €17,624 | +€4,533 | +34.6% |
| Trade receivables | 40 | €10,923 | €17,028 | +€6,104 | +55.9% |
| Other amounts receivable | 41 | €2,168 | €596 | -€1,571 | -72.5% |
| Cash at bank and in hand | 54/58 | €84,833 | €77,625 | -€7,208 | -8.5% |
| Deferred charges and accrued income | 490/1 | €3,205 | €1,024 | -€2,181 | -68.1% |
| Total equity and liabilities | 10/49 | €109,736 | €116,679 | +€6,942 | +6.3% |
| Equity | 10/15 | €80,766 | €96,446 | +€15,679 | +19.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €62,166 | €77,846 | +€15,679 | +25.2% |
| Distributable reserves | 133 | €62,166 | €77,846 | +€15,679 | +25.2% |
| Amounts payable | 17/49 | €28,970 | €20,233 | -€8,737 | -30.2% |
| Amounts payable after more than one year | 17 | €4,353 | €1,636 | -€2,717 | -62.4% |
| Financial debts | 170/4 | €4,353 | €1,636 | -€2,717 | -62.4% |
| Amounts payable within one year | 42/48 | €24,617 | €18,597 | -€6,020 | -24.5% |
| Current portion of amounts payable after more than one year | 42 | €2,611 | €2,717 | +€106 | +4.1% |
| Trade debts | 44 | €11,548 | €5,686 | -€5,862 | -50.8% |
| Suppliers | 440/4 | €11,548 | €5,686 | -€5,862 | -50.8% |
| Taxes, remuneration and social security | 45 | - | €3,459 | +€3,459 | |
| Taxes | 450/3 | - | €3,459 | +€3,459 | |
| Other amounts payable | 47/48 | €10,458 | €6,734 | -€3,724 | -35.6% |
| Non-recurring operating income | 76A | - | €2,554 | +€2,554 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,474 | €1,336 | -€138 | -9.4% |
| Other operating charges | 640/8 | €1,344 | €1,294 | -€50 | -3.7% |
| Non-recurring operating charges | 66A | - | €3,376 | +€3,376 | |
| Gross operating margin | 9900 | €17,777 | €30,191 | +€12,414 | +69.8% |
| Operating profit (loss) | 9901 | €14,959 | €24,185 | +€9,226 | +61.7% |
| Financial income | 75/76B | €6 | €3 | -€3 | -47.0% |
| Recurring financial income | 75 | €6 | €3 | -€3 | -47.0% |
| Financial charges | 65/66B | €1,637 | €895 | -€742 | -45.3% |
| Recurring financial charges | 65 | €1,637 | €895 | -€742 | -45.3% |
| Profit (loss) for the period before taxes | 9903 | €13,328 | €23,293 | +€9,965 | +74.8% |
| Income taxes | 67/77 | €3,823 | €7,614 | +€3,791 | +99.2% |
| Profit (loss) for the period | 9904 | €9,505 | €15,679 | +€6,174 | +65.0% |
| Profit (loss) for the period to be appropriated | 9905 | €9,505 | €15,679 | +€6,174 | +65.0% |
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 10 October 2026 via checked.be.