DELIANDA: 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.
DELIANDA
Largest movements
- Stocks and contracts -€678,753
no longer reported in 2025 (was €678,753)
- Tangible fixed assets -€474,268
down €474,268 (-5.6%), from €8.4m to €7.9m
of which Land and buildings: -€320,420
- Receivables within one year -€256,972
down €256,972 (-80.5%), from €319,213 to €62,241
of which Trade receivables: -€152,589
- Cash -€169,179
down €169,179 (-57.1%), from €296,194 to €127,015
mainly Debts after one year (-€1.6m) and Trade debts (-€252,248)
- Debts after one year -€1.6m
down €1.6m (-43.4%), from €3.7m to €2.1m
of which Trade debts: -€1.1m
- Other debts +€550,882
up €550,882 (+145.4%), from €378,833 to €929,714
- Trade debts -€252,248
down €252,248 (-66.4%), from €380,094 to €127,846
- Short-term financial debts -€145,013
no longer reported in 2025 (was €145,013)
- Tax, wage and social debts -€144,779
down €144,779 (-90.0%), from €160,859 to €16,080
of which Remuneration and social security: -€155,012
- Gross operating margin -€1.3m
down €1.3m (-64.2%), from €2.0m to €732,571
- Staff costs -€755,768
down €755,768 (-99.6%), from €758,609 to €2,841
- Taxes -€112,087
down €112,087 (-92.9%), from €120,674 to €8,586
- Depreciation -€69,913
down €69,913 (-12.8%), from €544,181 to €474,268
- Financial charges -€37,946
down €37,946 (-17.2%), from €220,346 to €182,400
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 | €9,783,647 | €8,213,178 | -€1.6m | -16.1% |
| Fixed assets | 21/28 | €8,403,883 | €7,929,614 | -€474,268 | -5.6% |
| Tangible fixed assets | 22/27 | €8,403,846 | €7,929,577 | -€474,268 | -5.6% |
| Land and buildings | 22 | €7,910,135 | €7,589,715 | -€320,420 | -4.1% |
| Plant, machinery and equipment | 23 | €488,457 | €339,027 | -€149,430 | -30.6% |
| Furniture and vehicles | 24 | €5,253 | €835 | -€4,418 | -84.1% |
| Financial fixed assets | 28 | €37 | €37 | = | 0.0% |
| Current assets | 29/58 | €1,379,765 | €283,563 | -€1.1m | -79.4% |
| Amounts receivable after more than one year | 29 | €26,425 | €26,425 | = | 0.0% |
| Other amounts receivable | 291 | €26,425 | €26,425 | = | 0.0% |
| Stocks and contracts in progress | 3 | €678,753 | - | -€678,753 | |
| Stocks | 30/36 | €678,753 | - | -€678,753 | |
| Amounts receivable within one year | 40/41 | €319,213 | €62,241 | -€256,972 | -80.5% |
| Trade receivables | 40 | €214,830 | €62,241 | -€152,589 | -71.0% |
| Other amounts receivable | 41 | €104,383 | - | -€104,383 | |
| Current investments | 50/53 | - | €23,649 | +€23,649 | |
| Cash at bank and in hand | 54/58 | €296,194 | €127,015 | -€169,179 | -57.1% |
| Deferred charges and accrued income | 490/1 | €59,180 | €44,233 | -€14,947 | -25.3% |
| Total equity and liabilities | 10/49 | €9,783,647 | €8,213,178 | -€1.6m | -16.1% |
| Equity | 10/15 | €4,366,932 | €4,385,716 | +€18,784 | +0.4% |
| Contributions | 10/11 | €953,500 | €953,500 | = | 0.0% |
| Reserves | 13 | €3,413,432 | €3,432,216 | +€18,784 | +0.6% |
| Tax-exempt reserves | 132 | €147,350 | €147,350 | = | 0.0% |
| Distributable reserves | 133 | €3,266,082 | €3,284,866 | +€18,784 | +0.6% |
| Amounts payable | 17/49 | €5,416,716 | €3,827,462 | -€1.6m | -29.3% |
| Amounts payable after more than one year | 17 | €3,653,783 | €2,067,860 | -€1.6m | -43.4% |
| Financial debts | 170/4 | €2,601,524 | €2,067,860 | -€533,664 | -20.5% |
| Trade debts | 175 | €1,052,259 | - | -€1.1m | |
| Amounts payable within one year | 42/48 | €1,710,220 | €1,636,732 | -€73,488 | -4.3% |
| Current portion of amounts payable after more than one year | 42 | €645,420 | €563,092 | -€82,328 | -12.8% |
| Financial debts | 43 | €145,013 | - | -€145,013 | |
| Credit institutions | 430/8 | €145,013 | - | -€145,013 | |
| Trade debts | 44 | €380,094 | €127,846 | -€252,248 | -66.4% |
| Suppliers | 440/4 | €380,094 | €127,846 | -€252,248 | -66.4% |
| Taxes, remuneration and social security | 45 | €160,859 | €16,080 | -€144,779 | -90.0% |
| Taxes | 450/3 | €5,848 | €16,080 | +€10,232 | +175.0% |
| Remuneration and social security | 454/9 | €155,012 | - | -€155,012 | |
| Other amounts payable | 47/48 | €378,833 | €929,714 | +€550,882 | +145.4% |
| Accrued charges and deferred income | 492/3 | €52,713 | €122,870 | +€70,157 | +133.1% |
| Remuneration, social security and pensions | 62 | €758,609 | €2,841 | -€755,768 | -99.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €544,181 | €474,268 | -€69,913 | -12.8% |
| Other operating charges | 640/8 | €44,467 | €46,388 | +€1,920 | +4.3% |
| Gross operating margin | 9900 | €2,047,301 | €732,571 | -€1.3m | -64.2% |
| Operating profit (loss) | 9901 | €700,044 | €209,074 | -€490,970 | -70.1% |
| Financial income | 75/76B | €676 | €697 | +€20 | +3.0% |
| Recurring financial income | 75 | €676 | €697 | +€20 | +3.0% |
| Financial charges | 65/66B | €220,346 | €182,400 | -€37,946 | -17.2% |
| Recurring financial charges | 65 | €220,346 | €182,400 | -€37,946 | -17.2% |
| Profit (loss) for the period before taxes | 9903 | €480,374 | €27,370 | -€453,003 | -94.3% |
| Income taxes | 67/77 | €120,674 | €8,586 | -€112,087 | -92.9% |
| Profit (loss) for the period | 9904 | €359,700 | €18,784 | -€340,916 | -94.8% |
| Transfer to tax-exempt reserves | 689 | €147,350 | - | -€147,350 | |
| Profit (loss) for the period to be appropriated | 9905 | €212,350 | €18,784 | -€193,566 | -91.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.