DELFOSSE MARIE: 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 MARIE
Largest movements
- Tangible fixed assets -€99,142
down €99,142 (-6.7%), from €1.5m to €1.4m
of which Furniture and vehicles: -€57,146
- Stocks and contracts +€79,410
up €79,410 (+29.5%), from €269,326 to €348,736
- Intangible fixed assets -€73,228
down €73,228 (-10.6%), from €688,861 to €615,633
- Receivables within one year +€52,401
up €52,401 (+27.2%), from €192,909 to €245,310
of which Trade receivables: +€42,446
- Debts after one year -€195,432
down €195,432 (-8.5%), from €2.3m to €2.1m
- Current portion of long-term debt +€79,641
up €79,641 (+84.8%), from €93,937 to €173,578
- Profit (loss) carried forward +€53,667
up €53,667 (+98.5%), from -€54,498 to -€831
- Trade debts +€31,982
up €31,982 (+19.8%), from €161,639 to €193,622
- Gross operating margin +€246,799
up €246,799 (+90.2%), from €273,498 to €520,297
- Other operating charges -€123,498
down €123,498 (-90.0%), from €137,198 to €13,700
- Staff costs +€85,166
up €85,166 (+76.4%), from €111,402 to €196,568
- Depreciation +€69,154
up €69,154 (+64.7%), from €106,829 to €175,983
- Financial charges +€25,307
up €25,307 (+46.0%), from €54,973 to €80,280
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 | €2,679,621 | €2,648,022 | -€31,599 | -1.2% |
| Fixed assets | 21/28 | €2,160,500 | €1,988,130 | -€172,370 | -8.0% |
| Intangible fixed assets | 21 | €688,861 | €615,633 | -€73,228 | -10.6% |
| Tangible fixed assets | 22/27 | €1,471,439 | €1,372,297 | -€99,142 | -6.7% |
| Land and buildings | 22 | €1,034,505 | €991,505 | -€43,000 | -4.2% |
| Plant, machinery and equipment | 23 | €3,583 | €4,587 | +€1,004 | +28.0% |
| Furniture and vehicles | 24 | €433,351 | €376,205 | -€57,146 | -13.2% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €519,121 | €659,892 | +€140,771 | +27.1% |
| Stocks and contracts in progress | 3 | €269,326 | €348,736 | +€79,410 | +29.5% |
| Stocks | 30/36 | €269,326 | €348,736 | +€79,410 | +29.5% |
| Amounts receivable within one year | 40/41 | €192,909 | €245,310 | +€52,401 | +27.2% |
| Trade receivables | 40 | €187,725 | €230,171 | +€42,446 | +22.6% |
| Other amounts receivable | 41 | €5,184 | €15,139 | +€9,955 | +192% |
| Cash at bank and in hand | 54/58 | €54,726 | €57,103 | +€2,378 | +4.3% |
| Deferred charges and accrued income | 490/1 | €2,161 | €8,743 | +€6,582 | +305% |
| Total equity and liabilities | 10/49 | €2,679,621 | €2,648,022 | -€31,599 | -1.2% |
| Equity | 10/15 | €8,963 | €62,629 | +€53,667 | +599% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €44,860 | €44,860 | = | 0.0% |
| Distributable reserves | 133 | €44,860 | €44,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€54,498 | -€831 | +€53,667 | +98.5% |
| Amounts payable | 17/49 | €2,670,658 | €2,585,393 | -€85,265 | -3.2% |
| Amounts payable after more than one year | 17 | €2,303,878 | €2,108,446 | -€195,432 | -8.5% |
| Financial debts | 170/4 | €2,303,878 | €2,108,446 | -€195,432 | -8.5% |
| Amounts payable within one year | 42/48 | €362,770 | €476,947 | +€114,176 | +31.5% |
| Current portion of amounts payable after more than one year | 42 | €93,937 | €173,578 | +€79,641 | +84.8% |
| Trade debts | 44 | €161,639 | €193,622 | +€31,982 | +19.8% |
| Suppliers | 440/4 | €161,639 | €193,622 | +€31,982 | +19.8% |
| Taxes, remuneration and social security | 45 | €5,230 | €9,611 | +€4,381 | +83.8% |
| Taxes | 450/3 | €3,110 | €7,511 | +€4,401 | +142% |
| Remuneration and social security | 454/9 | €2,120 | €2,099 | -€21 | -1.0% |
| Other amounts payable | 47/48 | €101,964 | €100,136 | -€1,828 | -1.8% |
| Accrued charges and deferred income | 492/3 | €4,010 | - | -€4,010 | |
| Remuneration, social security and pensions | 62 | €111,402 | €196,568 | +€85,166 | +76.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €106,829 | €175,983 | +€69,154 | +64.7% |
| Other operating charges | 640/8 | €137,198 | €13,700 | -€123,498 | -90.0% |
| Gross operating margin | 9900 | €273,498 | €520,297 | +€246,799 | +90.2% |
| Operating profit (loss) | 9901 | -€81,932 | €134,046 | +€215,978 | |
| Financial income | 75/76B | €7,670 | €33 | -€7,636 | -99.6% |
| Recurring financial income | 75 | €7,670 | €33 | -€7,636 | -99.6% |
| Financial charges | 65/66B | €54,973 | €80,280 | +€25,307 | +46.0% |
| Recurring financial charges | 65 | €54,973 | €80,280 | +€25,307 | +46.0% |
| Profit (loss) for the period before taxes | 9903 | -€129,236 | €53,799 | +€183,035 | |
| Income taxes | 67/77 | €144 | €132 | -€12 | -8.1% |
| Profit (loss) for the period | 9904 | -€129,380 | €53,667 | +€183,046 | |
| Profit (loss) for the period to be appropriated | 9905 | -€129,380 | €53,667 | +€183,046 |
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 30 October 2026 via checked.be.