DELFRANC: 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.
DELFRANC
Largest movements
- Tangible fixed assets -€14,130
down €14,130 (-5.7%), from €249,489 to €235,359
of which Land and buildings: -€9,696
- Receivables after one year -€8,741
down €8,741 (-41.8%), from €20,935 to €12,194
- Receivables within one year -€2,847
down €2,847 (-31.1%), from €9,157 to €6,310
of which Trade receivables: -€2,899
- Reserves -€13,578
down €13,578 (-25.3%), from €53,771 to €40,194
of which Distributable reserves: -€12,090
- Debts after one year -€13,298
down €13,298 (-10.8%), from €122,660 to €109,362
- Other debts +€8,691
up €8,691 (+52.1%), from €16,689 to €25,380
- Trade debts -€3,775
down €3,775 (-57.4%), from €6,579 to €2,805
- Gross operating margin -€2,855
down €2,855 (-7.7%), from €36,915 to €34,060
- Financial income -€1,444
down €1,444 (-100.0%), from €1,444 to €0
of which Financial income: -€1,421
- Financial charges -€669
down €669 (-20.8%), from €3,222 to €2,553
- Other operating charges -€545
down €545 (-16.0%), from €3,400 to €2,855
- Taxes +€405
up €405 (+16.5%), from €2,456 to €2,861
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 | €282,148 | €258,577 | -€23,570 | -8.4% |
| Fixed assets | 21/28 | €249,489 | €235,359 | -€14,130 | -5.7% |
| Tangible fixed assets | 22/27 | €249,489 | €235,359 | -€14,130 | -5.7% |
| Land and buildings | 22 | €210,830 | €201,134 | -€9,696 | -4.6% |
| Plant, machinery and equipment | 23 | €38,659 | €34,225 | -€4,434 | -11.5% |
| Current assets | 29/58 | €32,658 | €23,218 | -€9,440 | -28.9% |
| Amounts receivable after more than one year | 29 | €20,935 | €12,194 | -€8,741 | -41.8% |
| Other amounts receivable | 291 | €20,935 | €12,194 | -€8,741 | -41.8% |
| Amounts receivable within one year | 40/41 | €9,157 | €6,310 | -€2,847 | -31.1% |
| Trade receivables | 40 | €2,899 | - | -€2,899 | |
| Other amounts receivable | 41 | €6,258 | €6,310 | +€51 | +0.8% |
| Cash at bank and in hand | 54/58 | €1,145 | €3,482 | +€2,337 | +204.1% |
| Deferred charges and accrued income | 490/1 | €1,421 | €1,233 | -€189 | -13.3% |
| Total equity and liabilities | 10/49 | €282,148 | €258,577 | -€23,570 | -8.4% |
| Equity | 10/15 | €109,982 | €96,404 | -€13,578 | -12.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €53,771 | €40,194 | -€13,578 | -25.3% |
| Tax-exempt reserves | 132 | €16,368 | €14,880 | -€1,488 | -9.1% |
| Distributable reserves | 133 | €37,403 | €25,313 | -€12,090 | -32.3% |
| Profit (loss) carried forward | 14 | €37,619 | €37,619 | = | 0.0% |
| Provisions and deferred taxes | 16 | €8,428 | €7,662 | -€766 | -9.1% |
| Deferred taxes | 168 | €8,428 | €7,662 | -€766 | -9.1% |
| Amounts payable | 17/49 | €163,738 | €154,512 | -€9,227 | -5.6% |
| Amounts payable after more than one year | 17 | €122,660 | €109,362 | -€13,298 | -10.8% |
| Financial debts | 170/4 | €122,660 | €109,362 | -€13,298 | -10.8% |
| Amounts payable within one year | 42/48 | €41,078 | €45,149 | +€4,071 | +9.9% |
| Current portion of amounts payable after more than one year | 42 | €14,045 | €13,298 | -€747 | -5.3% |
| Trade debts | 44 | €6,579 | €2,805 | -€3,775 | -57.4% |
| Suppliers | 440/4 | €6,579 | €2,805 | -€3,775 | -57.4% |
| Taxes, remuneration and social security | 45 | €3,765 | €3,667 | -€98 | -2.6% |
| Taxes | 450/3 | €2,865 | €2,767 | -€98 | -3.4% |
| Remuneration and social security | 454/9 | €900 | €900 | = | 0.0% |
| Other amounts payable | 47/48 | €16,689 | €25,380 | +€8,691 | +52.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,231 | €15,306 | +€75 | +0.5% |
| Other operating charges | 640/8 | €3,400 | €2,855 | -€545 | -16.0% |
| Gross operating margin | 9900 | €36,915 | €34,060 | -€2,855 | -7.7% |
| Operating profit (loss) | 9901 | €18,283 | €15,898 | -€2,385 | -13.0% |
| Financial income | 75/76B | €1,444 | €0 | -€1,444 | -100.0% |
| Recurring financial income | 75 | €1,421 | €0 | -€1,421 | -100.0% |
| Non-recurring financial income | 76B | €22 | - | -€22 | |
| Financial charges | 65/66B | €3,222 | €2,553 | -€669 | -20.8% |
| Recurring financial charges | 65 | €3,222 | €2,553 | -€669 | -20.8% |
| Profit (loss) for the period before taxes | 9903 | €16,505 | €13,345 | -€3,159 | -19.1% |
| Transfer from deferred taxes | 780 | €766 | €766 | = | 0.0% |
| Income taxes | 67/77 | €2,456 | €2,861 | +€405 | +16.5% |
| Profit (loss) for the period | 9904 | €14,815 | €11,250 | -€3,565 | -24.1% |
| Transfer from tax-exempt reserves | 789 | €1,488 | €1,488 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €16,303 | €12,738 | -€3,565 | -21.9% |
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 30 September 2026 via checked.be.