DELFORGE SANITAIRE: 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.
DELFORGE SANITAIRE
Largest movements
- Receivables within one year -€40,973
down €40,973 (-54.7%), from €74,900 to €33,927
of which Other amounts receivable: -€41,701
- Cash -€28,339
down €28,339 (-28.1%), from €100,896 to €72,557
mainly Other debts (-€74,477) and Tax, wage and social debts (-€26,824)
- Tangible fixed assets -€18,071
down €18,071 (-30.1%), from €59,956 to €41,885
of which Furniture and vehicles: -€17,997
- Deferred charges and accrued income +€9,995
up €9,995 (+380.6%), from €2,627 to €12,622
- Other debts -€74,477
down €74,477 (-53.1%), from €140,250 to €65,773
- Profit (loss) carried forward +€29,147
up €29,147 (+1094.5%), from €2,663 to €31,810
- Tax, wage and social debts -€26,824
down €26,824 (-93.7%), from €28,638 to €1,815
of which Taxes: -€24,650
- Debts after one year -€15,871
down €15,871 (-42.6%), from €37,272 to €21,401
- Advances received +€9,237
new in 2025: €9,237
- Gross operating margin -€73,121
down €73,121 (-48.4%), from €150,990 to €77,869
- Taxes -€19,088
down €19,088 (-60.4%), from €31,624 to €12,535
- Other operating charges -€4,774
down €4,774 (-64.3%), from €7,426 to €2,652
- Staff costs +€2,471
up €2,471 (+36.6%), from €6,758 to €9,229
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 | €238,678 | €161,151 | -€77,528 | -32.5% |
| Fixed assets | 21/28 | €60,256 | €42,045 | -€18,211 | -30.2% |
| Tangible fixed assets | 22/27 | €59,956 | €41,885 | -€18,071 | -30.1% |
| Plant, machinery and equipment | 23 | €2,930 | €2,855 | -€74 | -2.5% |
| Furniture and vehicles | 24 | €57,026 | €39,029 | -€17,997 | -31.6% |
| Financial fixed assets | 28 | €300 | €160 | -€140 | -46.7% |
| Current assets | 29/58 | €178,423 | €119,106 | -€59,317 | -33.2% |
| Amounts receivable within one year | 40/41 | €74,900 | €33,927 | -€40,973 | -54.7% |
| Trade receivables | 40 | €22,481 | €23,209 | +€728 | +3.2% |
| Other amounts receivable | 41 | €52,419 | €10,718 | -€41,701 | -79.6% |
| Cash at bank and in hand | 54/58 | €100,896 | €72,557 | -€28,339 | -28.1% |
| Deferred charges and accrued income | 490/1 | €2,627 | €12,622 | +€9,995 | +380.6% |
| Total equity and liabilities | 10/49 | €238,678 | €161,151 | -€77,528 | -32.5% |
| Equity | 10/15 | €6,663 | €35,810 | +€29,147 | +437.4% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,663 | €31,810 | +€29,147 | +1094.5% |
| Amounts payable | 17/49 | €232,015 | €125,341 | -€106,674 | -46.0% |
| Amounts payable after more than one year | 17 | €37,272 | €21,401 | -€15,871 | -42.6% |
| Financial debts | 170/4 | €37,272 | €21,401 | -€15,871 | -42.6% |
| Amounts payable within one year | 42/48 | €194,743 | €103,940 | -€90,803 | -46.6% |
| Current portion of amounts payable after more than one year | 42 | €21,461 | €22,143 | +€682 | +3.2% |
| Financial debts | 43 | €2,226 | €2,374 | +€149 | +6.7% |
| Credit institutions | 430/8 | €2,226 | €2,374 | +€149 | +6.7% |
| Trade debts | 44 | €2,169 | €2,599 | +€430 | +19.8% |
| Suppliers | 440/4 | €2,169 | €2,599 | +€430 | +19.8% |
| Advances received on contracts in progress | 46 | - | €9,237 | +€9,237 | |
| Taxes, remuneration and social security | 45 | €28,638 | €1,815 | -€26,824 | -93.7% |
| Taxes | 450/3 | €25,541 | €891 | -€24,650 | -96.5% |
| Remuneration and social security | 454/9 | €3,097 | €923 | -€2,174 | -70.2% |
| Other amounts payable | 47/48 | €140,250 | €65,773 | -€74,477 | -53.1% |
| Remuneration, social security and pensions | 62 | €6,758 | €9,229 | +€2,471 | +36.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,855 | €19,181 | +€326 | +1.7% |
| Other operating charges | 640/8 | €7,426 | €2,652 | -€4,774 | -64.3% |
| Non-recurring operating charges | 66A | €1,025 | €107 | -€918 | -89.6% |
| Gross operating margin | 9900 | €150,990 | €77,869 | -€73,121 | -48.4% |
| Operating profit (loss) | 9901 | €116,927 | €46,701 | -€70,226 | -60.1% |
| Financial income | 75/76B | €1,587 | €873 | -€714 | -45.0% |
| Recurring financial income | 75 | €1,587 | €873 | -€714 | -45.0% |
| Financial charges | 65/66B | €4,345 | €4,226 | -€119 | -2.7% |
| Recurring financial charges | 65 | €4,345 | €4,226 | -€119 | -2.7% |
| Profit (loss) for the period before taxes | 9903 | €114,169 | €43,348 | -€70,821 | -62.0% |
| Income taxes | 67/77 | €31,624 | €12,535 | -€19,088 | -60.4% |
| Profit (loss) for the period | 9904 | €82,545 | €30,813 | -€51,733 | -62.7% |
| Profit (loss) for the period to be appropriated | 9905 | €82,545 | €30,813 | -€51,733 | -62.7% |
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 9 October 2026 via checked.be.