DELI: 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.
DELI
Largest movements
- Receivables within one year +€4.3m
up €4.3m (+185%), from €2.3m to €6.6m
of which Other amounts receivable: +€2.8m
- Tangible fixed assets +€536,207
up €536,207 (+23.3%), from €2.3m to €2.8m
of which Other tangible fixed assets: +€538,111
- Debts after one year +€6.0m
up €6.0m (+2,400,000%), from €250 to €6.0m
of which Financial debts: +€6.0m
- Contributions +€4.8m
up €4.8m (+619%), from €767,000 to €5.5m
- Other debts -€4.1m
down €4.1m (-99.1%), from €4.1m to €38,833
- Profit (loss) carried forward -€2.0m
down €2.0m (-51.7%), from -€3.9m to -€5.9m
- Tax, wage and social debts +€205,723
up €205,723 (+22.4%), from €917,371 to €1.1m
of which Taxes: +€184,595
- Other operating income +€2.8m
up €2.8m (+18.3%), from €15.3m to €18.1m
- Services and other goods +€1.1m
up €1.1m (+8.3%), from €12.9m to €14.0m
- Staff costs +€299,603
up €299,603 (+9.1%), from €3.3m to €3.6m
- Financial charges +€176,043
up €176,043 (+67.3%), from €261,494 to €437,537
- Depreciation +€115,331
up €115,331 (+15.0%), from €769,794 to €885,125
From the 2023 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
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 | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,764,047 | €9,659,704 | +€4.9m | +103% |
| Fixed assets | 21/28 | €2,303,476 | €2,839,683 | +€536,207 | +23.3% |
| Tangible fixed assets | 22/27 | €2,300,629 | €2,836,836 | +€536,207 | +23.3% |
| Land and buildings | 22 | €3,250 | €1,346 | -€1,904 | -58.6% |
| Other tangible fixed assets | 26 | €2,297,379 | €2,835,490 | +€538,111 | +23.4% |
| Financial fixed assets | 28 | €2,847 | €2,847 | = | 0.0% |
| Other financial fixed assets | 284/8 | €2,847 | €2,847 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €2,847 | €2,847 | = | 0.0% |
| Current assets | 29/58 | €2,460,571 | €6,820,021 | +€4.4m | +177% |
| Amounts receivable within one year | 40/41 | €2,318,839 | €6,605,002 | +€4.3m | +185% |
| Trade receivables | 40 | €2,270,791 | €3,757,790 | +€1.5m | +65.5% |
| Other amounts receivable | 41 | €48,048 | €2,847,212 | +€2.8m | +5,826% |
| Cash at bank and in hand | 54/58 | €1,508 | €81,513 | +€80,005 | +5,305% |
| Deferred charges and accrued income | 490/1 | €140,224 | €133,506 | -€6,718 | -4.8% |
| Total equity and liabilities | 10/49 | €4,764,047 | €9,659,704 | +€4.9m | +103% |
| Equity | 10/15 | -€2,864,101 | -€113,036 | +€2.8m | +96.1% |
| Contributions | 10/11 | €767,000 | €5,517,000 | +€4.8m | +619% |
| Capital | 10 | €767,000 | €5,517,000 | +€4.8m | +619% |
| Issued capital | 100 | €767,000 | €5,517,000 | +€4.8m | +619% |
| Reserves | 13 | €233,557 | €233,556 | -€1 | 0.0% |
| Non-distributable reserves | 130/1 | €76,701 | €76,700 | -€1 | 0.0% |
| Legal reserve | 130 | €76,701 | €76,700 | -€1 | 0.0% |
| Tax-exempt reserves | 132 | €8,595 | €8,595 | = | 0.0% |
| Distributable reserves | 133 | €148,261 | €148,261 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,864,658 | -€5,863,592 | -€2.0m | -51.7% |
| Amounts payable | 17/49 | €7,628,148 | €9,772,740 | +€2.1m | +28.1% |
| Amounts payable after more than one year | 17 | €250 | €6,000,250 | +€6.0m | +2,400,000% |
| Financial debts | 170/4 | - | €6,000,000 | +€6.0m | |
| Other loans | 174 | - | €6,000,000 | +€6.0m | |
| Other amounts payable | 178/9 | €250 | €250 | = | 0.0% |
| Amounts payable within one year | 42/48 | €7,567,617 | €3,772,490 | -€3.8m | -50.1% |
| Trade debts | 44 | €2,525,636 | €2,610,563 | +€84,927 | +3.4% |
| Suppliers | 440/4 | €2,525,636 | €2,610,563 | +€84,927 | +3.4% |
| Taxes, remuneration and social security | 45 | €917,371 | €1,123,094 | +€205,723 | +22.4% |
| Taxes | 450/3 | €100,435 | €285,030 | +€184,595 | +184% |
| Remuneration and social security | 454/9 | €816,936 | €838,064 | +€21,128 | +2.6% |
| Other amounts payable | 47/48 | €4,124,610 | €38,833 | -€4.1m | -99.1% |
| Accrued charges and deferred income | 492/3 | €60,281 | - | -€60,281 | |
| Operating income | 70/76A | €15,475,180 | €18,707,008 | +€3.2m | +20.9% |
| Other operating income | 74 | €15,331,097 | €18,130,219 | +€2.8m | +18.3% |
| Non-recurring operating income | 76A | €144,083 | €576,789 | +€432,706 | +300% |
| Operating charges | 60/66A | €17,187,614 | €18,571,226 | +€1.4m | +8.1% |
| Goods for resale, raw materials and consumables | 60 | €11,292 | €14,413 | +€3,121 | +27.6% |
| Purchases | 600/8 | €11,292 | €14,413 | +€3,121 | +27.6% |
| Services and other goods | 61 | €12,930,174 | €13,998,077 | +€1.1m | +8.3% |
| Remuneration, social security and pensions | 62 | €3,298,747 | €3,598,350 | +€299,603 | +9.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €769,794 | €885,125 | +€115,331 | +15.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €124,417 | €16,471 | -€107,946 | -86.8% |
| Other operating charges | 640/8 | €2,372 | €18,592 | +€16,220 | +684% |
| Non-recurring operating charges | 66A | €50,818 | €40,198 | -€10,620 | -20.9% |
| Operating profit (loss) | 9901 | -€1,712,434 | €135,782 | +€1.8m | |
| Financial income | 75/76B | €92 | €796 | +€704 | +765% |
| Recurring financial income | 75 | €92 | €796 | +€704 | +765% |
| Income from current assets | 751 | - | €777 | +€777 | |
| Other financial income | 752/9 | €92 | €19 | -€73 | -79.3% |
| Financial charges | 65/66B | €261,494 | €437,537 | +€176,043 | +67.3% |
| Recurring financial charges | 65 | €261,494 | €437,537 | +€176,043 | +67.3% |
| Debt charges | 650 | €238,771 | €411,533 | +€172,762 | +72.4% |
| Other financial charges | 652/9 | €22,723 | €26,004 | +€3,281 | +14.4% |
| Profit (loss) for the period before taxes | 9903 | -€1,973,836 | -€300,959 | +€1.7m | +84.8% |
| Income taxes | 67/77 | €29,116 | €15,377 | -€13,739 | -47.2% |
| Taxes | 670/3 | €29,116 | €17,354 | -€11,762 | -40.4% |
| Tax adjustments and reversals of tax provisions | 77 | - | €1,977 | +€1,977 | |
| Profit (loss) for the period | 9904 | -€2,002,952 | -€316,336 | +€1.7m | +84.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,002,952 | -€316,336 | +€1.7m | +84.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.