DELFAB VALENTINO: 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.
DELFAB VALENTINO
Largest movements
- Receivables within one year +€11,079
up €11,079 (+3,808%), from €291 to €11,370
of which Trade receivables: +€11,330
- Cash -€6,444
down €6,444 (-16.7%), from €38,587 to €32,143
mainly Net result for the year (-€12,340) and Receivables within one year (-€11,079)
- Tangible fixed assets +€3,230
up €3,230 (+13.4%), from €24,030 to €27,260
of which Furniture and vehicles: +€6,747
- Stocks and contracts -€2,224
down €2,224 (-28.7%), from €7,756 to €5,533
- Trade debts +€13,097
up €13,097 (+98.1%), from €13,353 to €26,449
- Profit (loss) carried forward -€12,340
down €12,340, from €5,171 to -€7,169
- Other debts +€3,690
up €3,690 (+82.3%), from €4,484 to €8,173
- Current portion of long-term debt +€2,113
up €2,113 (+30.5%), from €6,923 to €9,036
- Debts after one year -€1,364
down €1,364 (-4.3%), from €31,731 to €30,367
- Gross operating margin -€24,700
down €24,700, from €21,430 to -€3,270
- Depreciation +€2,755
up €2,755 (+86.5%), from €3,185 to €5,940
- Taxes -€757
down €757 (-96.1%), from €788 to €30
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 | €74,249 | €80,319 | +€6,070 | +8.2% |
| Fixed assets | 21/28 | €26,434 | €29,696 | +€3,262 | +12.3% |
| Tangible fixed assets | 22/27 | €24,030 | €27,260 | +€3,230 | +13.4% |
| Plant, machinery and equipment | 23 | €2,029 | €1,213 | -€817 | -40.2% |
| Furniture and vehicles | 24 | €484 | €7,232 | +€6,747 | +1,393% |
| Other tangible fixed assets | 26 | €21,516 | €18,815 | -€2,701 | -12.6% |
| Financial fixed assets | 28 | €2,404 | €2,436 | +€32 | +1.3% |
| Current assets | 29/58 | €47,816 | €50,623 | +€2,807 | +5.9% |
| Stocks and contracts in progress | 3 | €7,756 | €5,533 | -€2,224 | -28.7% |
| Stocks | 30/36 | €7,756 | €5,533 | -€2,224 | -28.7% |
| Amounts receivable within one year | 40/41 | €291 | €11,370 | +€11,079 | +3,808% |
| Trade receivables | 40 | €40 | €11,370 | +€11,330 | +28,326% |
| Other amounts receivable | 41 | €251 | - | -€251 | |
| Cash at bank and in hand | 54/58 | €38,587 | €32,143 | -€6,444 | -16.7% |
| Deferred charges and accrued income | 490/1 | €1,182 | €1,577 | +€396 | +33.5% |
| Total equity and liabilities | 10/49 | €74,249 | €80,319 | +€6,070 | +8.2% |
| Equity | 10/15 | €16,971 | €4,631 | -€12,340 | -72.7% |
| Contributions | 10/11 | €11,800 | €11,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,171 | -€7,169 | -€12,340 | |
| Amounts payable | 17/49 | €57,278 | €75,688 | +€18,410 | +32.1% |
| Amounts payable after more than one year | 17 | €31,731 | €30,367 | -€1,364 | -4.3% |
| Financial debts | 170/4 | €31,731 | €30,367 | -€1,364 | -4.3% |
| Amounts payable within one year | 42/48 | €25,547 | €45,321 | +€19,774 | +77.4% |
| Current portion of amounts payable after more than one year | 42 | €6,923 | €9,036 | +€2,113 | +30.5% |
| Trade debts | 44 | €13,353 | €26,449 | +€13,097 | +98.1% |
| Suppliers | 440/4 | €13,353 | €26,449 | +€13,097 | +98.1% |
| Taxes, remuneration and social security | 45 | €788 | €1,663 | +€875 | +111% |
| Taxes | 450/3 | €788 | €1,663 | +€875 | +111% |
| Other amounts payable | 47/48 | €4,484 | €8,173 | +€3,690 | +82.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,185 | €5,940 | +€2,755 | +86.5% |
| Other operating charges | 640/8 | €282 | €380 | +€98 | +34.6% |
| Gross operating margin | 9900 | €21,430 | -€3,270 | -€24,700 | |
| Operating profit (loss) | 9901 | €17,962 | -€9,590 | -€27,552 | |
| Financial income | 75/76B | €82 | €114 | +€32 | +39.3% |
| Recurring financial income | 75 | €82 | €114 | +€32 | +39.3% |
| Financial charges | 65/66B | €2,696 | €2,834 | +€138 | +5.1% |
| Recurring financial charges | 65 | €2,696 | €2,834 | +€138 | +5.1% |
| Profit (loss) for the period before taxes | 9903 | €15,348 | -€12,310 | -€27,658 | |
| Income taxes | 67/77 | €788 | €30 | -€757 | -96.1% |
| Profit (loss) for the period | 9904 | €14,560 | -€12,340 | -€26,901 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,560 | -€12,340 | -€26,901 |
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 14 October 2026 via checked.be.