DELFOSSE Marc: 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.
DELFOSSE Marc
Largest movements
- Tangible fixed assets +€96,472
up €96,472 (+80.2%), from €120,315 to €216,787
of which Land and buildings: +€94,690
- Receivables within one year -€6,517
down €6,517 (-76.0%), from €8,570 to €2,053
- Revaluation surpluses +€101,000
new in 2025: €101,000
- Trade debts +€27,940
up €27,940 (+25.9%), from €107,831 to €135,771
- Debts after one year -€24,145
down €24,145 (-17.4%), from €138,890 to €114,745
- Tax, wage and social debts -€5,731
down €5,731 (-33.2%), from €17,288 to €11,557
- Other debts -€4,793
down €4,793 (-38.9%), from €12,325 to €7,532
- Gross operating margin +€22,379
up €22,379, from -€8,070 to €14,309
- Depreciation +€17,304
new in 2025: €17,304
- Other operating charges -€1,862
down €1,862 (-71.1%), from €2,619 to €757
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €134,463 | €224,567 | +€90,104 | +67.0% |
| Fixed assets | 21/28 | €120,383 | €216,854 | +€96,471 | +80.1% |
| Tangible fixed assets | 22/27 | €120,315 | €216,787 | +€96,472 | +80.2% |
| Land and buildings | 22 | €84,255 | €178,945 | +€94,690 | +112% |
| Plant, machinery and equipment | 23 | €16,957 | €13,068 | -€3,889 | -22.9% |
| Furniture and vehicles | 24 | €19,103 | €24,774 | +€5,671 | +29.7% |
| Financial fixed assets | 28 | €68 | €67 | -€1 | -1.5% |
| Current assets | 29/58 | €14,080 | €7,713 | -€6,367 | -45.2% |
| Stocks and contracts in progress | 3 | €5,510 | €5,660 | +€150 | +2.7% |
| Stocks | 30/36 | €5,510 | €5,660 | +€150 | +2.7% |
| Amounts receivable within one year | 40/41 | €8,570 | €2,053 | -€6,517 | -76.0% |
| Trade receivables | 40 | €8,570 | €2,053 | -€6,517 | -76.0% |
| Total equity and liabilities | 10/49 | €134,463 | €224,567 | +€90,104 | +67.0% |
| Equity | 10/15 | -€151,420 | -€54,882 | +€96,538 | +63.8% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Revaluation surpluses | 12 | - | €101,000 | +€101,000 | |
| Profit (loss) carried forward | 14 | -€171,880 | -€176,342 | -€4,462 | -2.6% |
| Amounts payable | 17/49 | €285,883 | €279,449 | -€6,434 | -2.3% |
| Amounts payable after more than one year | 17 | €138,890 | €114,745 | -€24,145 | -17.4% |
| Financial debts | 170/4 | €138,890 | €114,745 | -€24,145 | -17.4% |
| Amounts payable within one year | 42/48 | €146,993 | €164,704 | +€17,711 | +12.0% |
| Financial debts | 43 | €9,549 | €9,844 | +€295 | +3.1% |
| Credit institutions | 430/8 | €9,549 | €9,844 | +€295 | +3.1% |
| Trade debts | 44 | €107,831 | €135,771 | +€27,940 | +25.9% |
| Suppliers | 440/4 | €107,831 | €135,771 | +€27,940 | +25.9% |
| Taxes, remuneration and social security | 45 | €17,288 | €11,557 | -€5,731 | -33.2% |
| Taxes | 450/3 | €17,288 | €11,557 | -€5,731 | -33.2% |
| Other amounts payable | 47/48 | €12,325 | €7,532 | -€4,793 | -38.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €17,304 | +€17,304 | |
| Other operating charges | 640/8 | €2,619 | €757 | -€1,862 | -71.1% |
| Gross operating margin | 9900 | -€8,070 | €14,309 | +€22,379 | |
| Operating profit (loss) | 9901 | -€10,689 | -€3,752 | +€6,937 | +64.9% |
| Financial charges | 65/66B | €640 | €710 | +€70 | +10.9% |
| Recurring financial charges | 65 | €640 | €710 | +€70 | +10.9% |
| Profit (loss) for the period before taxes | 9903 | -€11,329 | -€4,462 | +€6,867 | +60.6% |
| Profit (loss) for the period | 9904 | -€11,329 | -€4,462 | +€6,867 | +60.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,329 | -€4,462 | +€6,867 | +60.6% |
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 18 October 2026 via checked.be.