DELEX BELGIUM: what changed
DELEX BELGIUM
Largest movements
- Cash +€43,169
up €43,169 (+89.7%), from €48,151 to €91,320
mainly Net result for the year (+€48,531) and Stocks and contracts (+€26,300)
- Stocks and contracts -€26,300
down €26,300 (-24.8%), from €106,000 to €79,700
- Receivables within one year +€8,313
up €8,313 (+4.4%), from €187,226 to €195,539
of which Trade receivables: +€39,240
- Tangible fixed assets -€4,845
down €4,845 (-27.7%), from €17,475 to €12,630
- Profit (loss) carried forward +€48,531
up €48,531 (+20.8%), from €233,391 to €281,921
- Trade debts -€39,171
down €39,171 (-85.2%), from €46,000 to €6,830
- Tax, wage and social debts +€4,106
up €4,106 (+6.7%), from €61,084 to €65,190
of which Taxes: +€6,846
- Gross operating margin +€69,719
up €69,719 (+85.3%), from €81,690 to €151,410
- Staff costs -€62,575
down €62,575 (-40.7%), from €153,648 to €91,073
- Taxes +€4,781
up €4,781 (+2,988%), from €160 to €4,941
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €366,047 | €382,841 | +€16,794 | +4.6% |
| Fixed assets | 21/28 | €19,958 | €14,313 | -€5,645 | -28.3% |
| Intangible fixed assets | 21 | €2,483 | €1,683 | -€800 | -32.2% |
| Tangible fixed assets | 22/27 | €17,475 | €12,630 | -€4,845 | -27.7% |
| Furniture and vehicles | 24 | €17,475 | €12,630 | -€4,845 | -27.7% |
| Current assets | 29/58 | €346,089 | €368,528 | +€22,439 | +6.5% |
| Stocks and contracts in progress | 3 | €106,000 | €79,700 | -€26,300 | -24.8% |
| Stocks | 30/36 | €106,000 | €79,700 | -€26,300 | -24.8% |
| Amounts receivable within one year | 40/41 | €187,226 | €195,539 | +€8,313 | +4.4% |
| Trade receivables | 40 | €142,143 | €181,383 | +€39,240 | +27.6% |
| Other amounts receivable | 41 | €45,084 | €14,156 | -€30,927 | -68.6% |
| Cash at bank and in hand | 54/58 | €48,151 | €91,320 | +€43,169 | +89.7% |
| Deferred charges and accrued income | 490/1 | €4,712 | €1,969 | -€2,743 | -58.2% |
| Total equity and liabilities | 10/49 | €366,047 | €382,841 | +€16,794 | +4.6% |
| Equity | 10/15 | €243,391 | €291,921 | +€48,531 | +19.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €233,391 | €281,921 | +€48,531 | +20.8% |
| Amounts payable | 17/49 | €122,656 | €90,920 | -€31,737 | -25.9% |
| Amounts payable within one year | 42/48 | €122,656 | €90,920 | -€31,737 | -25.9% |
| Trade debts | 44 | €46,000 | €6,830 | -€39,171 | -85.2% |
| Suppliers | 440/4 | €46,000 | €6,830 | -€39,171 | -85.2% |
| Taxes, remuneration and social security | 45 | €61,084 | €65,190 | +€4,106 | +6.7% |
| Taxes | 450/3 | €48 | €6,894 | +€6,846 | +14,201% |
| Remuneration and social security | 454/9 | €61,036 | €58,296 | -€2,740 | -4.5% |
| Other amounts payable | 47/48 | €15,572 | €18,900 | +€3,328 | +21.4% |
| Remuneration, social security and pensions | 62 | €153,648 | €91,073 | -€62,575 | -40.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,941 | €5,645 | +€704 | +14.2% |
| Other operating charges | 640/8 | €1,472 | €465 | -€1,007 | -68.4% |
| Gross operating margin | 9900 | €81,690 | €151,410 | +€69,719 | +85.3% |
| Operating profit (loss) | 9901 | -€78,371 | €54,226 | +€132,597 | |
| Financial income | 75/76B | €105 | €7 | -€98 | -93.5% |
| Recurring financial income | 75 | €105 | €7 | -€98 | -93.5% |
| Financial charges | 65/66B | €797 | €761 | -€36 | -4.5% |
| Recurring financial charges | 65 | €797 | €761 | -€36 | -4.5% |
| Profit (loss) for the period before taxes | 9903 | -€79,063 | €53,472 | +€132,535 | |
| Income taxes | 67/77 | €160 | €4,941 | +€4,781 | +2,988% |
| Profit (loss) for the period | 9904 | -€79,223 | €48,531 | +€127,754 | |
| Profit (loss) for the period to be appropriated | 9905 | -€79,223 | €48,531 | +€127,754 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.