DELGROUP INVEST: 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.
DELGROUP INVEST
Largest movements
- Receivables within one year +€80,517
up €80,517 (+33,556%), from €240 to €80,757
- Cash -€23,312
down €23,312 (-15.9%), from €147,057 to €123,745
- Other debts +€320,000
new in 2026: €320,000
- Debts after one year -€300,000
no longer reported in 2026 (was €300,000)
- Reserves +€69,447
up €69,447 (+116%), from €60,000 to €129,447
of which Distributable reserves: +€129,447
- Trade debts -€36,080
down €36,080 (-90.2%), from €40,000 to €3,920
- Tax, wage and social debts -€23,635
down €23,635 (-93.4%), from €25,304 to €1,668
- Financial charges +€23,728
up €23,728 (+33,335%), from €71 to €23,799
- Turnover +€18,750
up €18,750 (+14.3%), from €131,250 to €150,000
- Services and other goods -€7,967
down €7,967 (-18.2%), from €43,730 to €35,763
From the 2024 result to the 2026 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2024 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €447,297 | €504,502 | +€57,206 | +12.8% |
| Fixed assets | 21/28 | €300,000 | €300,000 | = | 0.0% |
| Financial fixed assets | 28 | €300,000 | €300,000 | = | 0.0% |
| Affiliated companies | 280/1 | €300,000 | €300,000 | = | 0.0% |
| Participating interests | 280 | €300,000 | €300,000 | = | 0.0% |
| Current assets | 29/58 | €147,297 | €204,502 | +€57,206 | +38.8% |
| Amounts receivable within one year | 40/41 | €240 | €80,757 | +€80,517 | +33,556% |
| Other amounts receivable | 41 | €240 | €80,757 | +€80,517 | +33,556% |
| Cash at bank and in hand | 54/58 | €147,057 | €123,745 | -€23,312 | -15.9% |
| Total equity and liabilities | 10/49 | €447,297 | €504,502 | +€57,206 | +12.8% |
| Equity | 10/15 | €81,993 | €149,447 | +€67,454 | +82.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €60,000 | €129,447 | +€69,447 | +116% |
| Non-distributable reserves | 130/1 | €60,000 | - | -€60,000 | |
| Financial assistance | 1313 | €60,000 | - | -€60,000 | |
| Distributable reserves | 133 | - | €129,447 | +€129,447 | |
| Profit (loss) carried forward | 14 | €1,993 | - | -€1,993 | |
| Amounts payable | 17/49 | €365,304 | €355,056 | -€10,248 | -2.8% |
| Amounts payable after more than one year | 17 | €300,000 | - | -€300,000 | |
| Other amounts payable | 178/9 | €300,000 | - | -€300,000 | |
| Amounts payable within one year | 42/48 | €65,304 | €332,321 | +€267,018 | +409% |
| Financial debts | 43 | - | €6,733 | +€6,733 | |
| Credit institutions | 430/8 | - | €6,733 | +€6,733 | |
| Trade debts | 44 | €40,000 | €3,920 | -€36,080 | -90.2% |
| Suppliers | 440/4 | €40,000 | €3,920 | -€36,080 | -90.2% |
| Taxes, remuneration and social security | 45 | €25,304 | €1,668 | -€23,635 | -93.4% |
| Taxes | 450/3 | €25,304 | €1,668 | -€23,635 | -93.4% |
| Other amounts payable | 47/48 | - | €320,000 | +€320,000 | |
| Accrued charges and deferred income | 492/3 | - | €22,734 | +€22,734 | |
| Operating income | 70/76A | €131,250 | €150,000 | +€18,750 | +14.3% |
| Turnover | 70 | €131,250 | €150,000 | +€18,750 | +14.3% |
| Operating charges | 60/66A | €45,965 | €36,263 | -€9,702 | -21.1% |
| Services and other goods | 61 | €43,730 | €35,763 | -€7,967 | -18.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,464 | - | -€1,464 | |
| Other operating charges | 640/8 | €772 | €500 | -€272 | -35.2% |
| Operating profit (loss) | 9901 | €85,285 | €113,737 | +€28,452 | +33.4% |
| Financial charges | 65/66B | €71 | €23,799 | +€23,728 | +33,335% |
| Recurring financial charges | 65 | €71 | €23,799 | +€23,728 | +33,335% |
| Debt charges | 650 | €71 | €23,799 | +€23,728 | +33,335% |
| Profit (loss) for the period before taxes | 9903 | €85,214 | €89,938 | +€4,724 | +5.5% |
| Income taxes | 67/77 | €23,221 | €22,485 | -€736 | -3.2% |
| Taxes | 670/3 | €23,221 | €22,485 | -€736 | -3.2% |
| Profit (loss) for the period | 9904 | €61,993 | €67,454 | +€5,461 | +8.8% |
| Profit (loss) for the period to be appropriated | 9905 | €61,993 | €67,454 | +€5,461 | +8.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.