DELHEZ HOLDING: what changed
DELHEZ HOLDING
Largest movements
- Cash -€582,520
down €582,520 (-59.0%), from €986,686 to €404,167
mainly Contributions, distributions and other (-€1.2m) and Current investments (-€213,000)
- Receivables within one year -€400,000
down €400,000 (-99.1%), from €403,478 to €3,478
- Current investments +€213,000
up €213,000 (+26.6%), from €800,000 to €1.0m
- Reserves -€1.2m
down €1.2m (-44.3%), from €2.7m to €1.5m
of which Distributable reserves: -€1.2m
- Other debts +€684,125
up €684,125 (+130%), from €528,118 to €1.2m
- Tax, wage and social debts -€139,732
down €139,732 (-93.9%), from €148,803 to €9,070
- Current portion of long-term debt -€105,429
down €105,429 (-100%), from €105,429 to €0
- Financial income -€33,196
down €33,196 (-40.0%), from €83,054 to €49,858
- Taxes -€6,809
down €6,809 (-32.1%), from €21,237 to €14,428
- Gross operating margin -€1,774
down €1,774 (-94.3%), from -€1,882 to -€3,655
- Financial charges -€1,346
down €1,346 (-40.7%), from €3,304 to €1,958
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,517,068 | €2,771,685 | -€745,383 | -21.2% |
| Fixed assets | 21/28 | €1,319,040 | €1,319,040 | = | 0.0% |
| Financial fixed assets | 28 | €1,319,040 | €1,319,040 | = | 0.0% |
| Current assets | 29/58 | €2,198,028 | €1,452,645 | -€745,383 | -33.9% |
| Amounts receivable within one year | 40/41 | €403,478 | €3,478 | -€400,000 | -99.1% |
| Other amounts receivable | 41 | €403,478 | €3,478 | -€400,000 | -99.1% |
| Current investments | 50/53 | €800,000 | €1,013,000 | +€213,000 | +26.6% |
| Cash at bank and in hand | 54/58 | €986,686 | €404,167 | -€582,520 | -59.0% |
| Deferred charges and accrued income | 490/1 | €7,863 | €32,000 | +€24,137 | +307% |
| Total equity and liabilities | 10/49 | €3,517,068 | €2,771,685 | -€745,383 | -21.2% |
| Equity | 10/15 | €2,732,360 | €1,549,934 | -€1.2m | -43.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €2,670,276 | €1,487,850 | -€1.2m | -44.3% |
| Non-distributable reserves | 130/1 | €15,650 | €15,650 | = | 0.0% |
| Legal reserve | 130 | €15,650 | €15,650 | = | 0.0% |
| Distributable reserves | 133 | €2,654,626 | €1,472,200 | -€1.2m | -44.5% |
| Profit (loss) carried forward | 14 | €84 | €84 | = | 0.0% |
| Amounts payable | 17/49 | €784,708 | €1,221,751 | +€437,043 | +55.7% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €782,349 | €1,221,751 | +€439,402 | +56.2% |
| Current portion of amounts payable after more than one year | 42 | €105,429 | €0 | -€105,429 | -100% |
| Trade debts | 44 | - | €438 | +€438 | |
| Suppliers | 440/4 | - | €438 | +€438 | |
| Taxes, remuneration and social security | 45 | €148,803 | €9,070 | -€139,732 | -93.9% |
| Taxes | 450/3 | €148,803 | €9,070 | -€139,732 | -93.9% |
| Other amounts payable | 47/48 | €528,118 | €1,212,243 | +€684,125 | +130% |
| Accrued charges and deferred income | 492/3 | €2,359 | €0 | -€2,359 | -100% |
| Gross operating margin | 9900 | -€1,882 | -€3,655 | -€1,774 | -94.3% |
| Operating profit (loss) | 9901 | -€1,882 | -€3,655 | -€1,774 | -94.3% |
| Financial income | 75/76B | €83,054 | €49,858 | -€33,196 | -40.0% |
| Recurring financial income | 75 | €83,054 | €49,858 | -€33,196 | -40.0% |
| Financial charges | 65/66B | €3,304 | €1,958 | -€1,346 | -40.7% |
| Recurring financial charges | 65 | €3,304 | €1,958 | -€1,346 | -40.7% |
| Profit (loss) for the period before taxes | 9903 | €77,869 | €44,245 | -€33,624 | -43.2% |
| Income taxes | 67/77 | €21,237 | €14,428 | -€6,809 | -32.1% |
| Profit (loss) for the period | 9904 | €56,632 | €29,817 | -€26,815 | -47.3% |
| Profit (loss) for the period to be appropriated | 9905 | €56,632 | €29,817 | -€26,815 | -47.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.