DELIGHTING: 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.
DELIGHTING
Largest movements
- Stocks and contracts -€23,629
down €23,629 (-72.3%), from €32,676 to €9,047
- Tangible fixed assets -€15,682
down €15,682 (-38.3%), from €40,902 to €25,220
of which Furniture and vehicles: -€13,478
- Trade debts -€11,007
down €11,007 (-12.6%), from €87,596 to €76,589
- Debts after one year -€9,591
no longer reported in 2025 (was €9,591)
- Profit (loss) carried forward -€7,928
down €7,928 (-92.2%), from -€8,596 to -€16,524
- Tax, wage and social debts -€6,484
down €6,484 (-33.9%), from €19,122 to €12,638
- Current portion of long-term debt -€3,252
down €3,252 (-25.3%), from €12,843 to €9,591
- Gross operating margin -€7,547
down €7,547 (-39.5%), from €19,091 to €11,544
- Taxes -€3,010
down €3,010 (-95.0%), from €3,169 to €159
- Depreciation +€2,727
up €2,727 (+21.1%), from €12,954 to €15,681
- Other operating charges -€1,385
down €1,385 (-53.4%), from €2,592 to €1,207
- Financial charges -€581
down €581 (-19.3%), from €3,015 to €2,434
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 | €204,283 | €165,594 | -€38,689 | -18.9% |
| Fixed assets | 21/28 | €40,902 | €25,220 | -€15,682 | -38.3% |
| Tangible fixed assets | 22/27 | €40,902 | €25,220 | -€15,682 | -38.3% |
| Land and buildings | 22 | €1,505 | €179 | -€1,326 | -88.1% |
| Plant, machinery and equipment | 23 | €2,612 | €1,734 | -€878 | -33.6% |
| Furniture and vehicles | 24 | €36,785 | €23,307 | -€13,478 | -36.6% |
| Current assets | 29/58 | €163,381 | €140,374 | -€23,007 | -14.1% |
| Stocks and contracts in progress | 3 | €32,676 | €9,047 | -€23,629 | -72.3% |
| Stocks | 30/36 | €32,676 | €9,047 | -€23,629 | -72.3% |
| Amounts receivable within one year | 40/41 | €104,839 | €105,320 | +€481 | +0.5% |
| Trade receivables | 40 | €96,323 | €89,508 | -€6,815 | -7.1% |
| Other amounts receivable | 41 | €8,516 | €15,812 | +€7,296 | +85.7% |
| Cash at bank and in hand | 54/58 | €21,249 | €19,401 | -€1,848 | -8.7% |
| Deferred charges and accrued income | 490/1 | €4,617 | €6,606 | +€1,989 | +43.1% |
| Total equity and liabilities | 10/49 | €204,283 | €165,594 | -€38,689 | -18.9% |
| Equity | 10/15 | €72,204 | €64,276 | -€7,928 | -11.0% |
| Contributions | 10/11 | €24,800 | €24,800 | = | 0.0% |
| Reserves | 13 | €56,000 | €56,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,000 | €1,000 | = | 0.0% |
| Distributable reserves | 133 | €55,000 | €55,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,596 | -€16,524 | -€7,928 | -92.2% |
| Amounts payable | 17/49 | €132,079 | €101,318 | -€30,761 | -23.3% |
| Amounts payable after more than one year | 17 | €9,591 | - | -€9,591 | |
| Financial debts | 170/4 | €9,591 | - | -€9,591 | |
| Amounts payable within one year | 42/48 | €122,061 | €101,318 | -€20,743 | -17.0% |
| Current portion of amounts payable after more than one year | 42 | €12,843 | €9,591 | -€3,252 | -25.3% |
| Trade debts | 44 | €87,596 | €76,589 | -€11,007 | -12.6% |
| Suppliers | 440/4 | €87,596 | €76,589 | -€11,007 | -12.6% |
| Taxes, remuneration and social security | 45 | €19,122 | €12,638 | -€6,484 | -33.9% |
| Taxes | 450/3 | €19,122 | €12,638 | -€6,484 | -33.9% |
| Other amounts payable | 47/48 | €2,500 | €2,500 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €427 | - | -€427 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,954 | €15,681 | +€2,727 | +21.1% |
| Other operating charges | 640/8 | €2,592 | €1,207 | -€1,385 | -53.4% |
| Gross operating margin | 9900 | €19,091 | €11,544 | -€7,547 | -39.5% |
| Operating profit (loss) | 9901 | €3,545 | -€5,344 | -€8,889 | |
| Financial income | 75/76B | €8 | €9 | +€1 | +12.5% |
| Recurring financial income | 75 | €8 | €9 | +€1 | +12.5% |
| Financial charges | 65/66B | €3,015 | €2,434 | -€581 | -19.3% |
| Recurring financial charges | 65 | €3,015 | €2,434 | -€581 | -19.3% |
| Profit (loss) for the period before taxes | 9903 | €538 | -€7,769 | -€8,307 | |
| Income taxes | 67/77 | €3,169 | €159 | -€3,010 | -95.0% |
| Profit (loss) for the period | 9904 | -€2,631 | -€7,928 | -€5,297 | -201.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,631 | -€7,928 | -€5,297 | -201.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.