DELIGNE: what changed
Two fiscal 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.
DELIGNE
Largest movements
- Tangible fixed assets -€115,073
down €115,073 (-8.7%), from €1.3m to €1.2m
of which Land and buildings: -€64,149
- Cash -€87,749
down €87,749 (-10.0%), from €875,151 to €787,402
mainly Contributions, distributions and other (-€547,843) and Debts after one year (-€97,235)
- Receivables within one year +€45,622
up €45,622 (+27.6%), from €165,119 to €210,741
- Reserves -€392,458
down €392,458 (-27.6%), from €1.4m to €1.0m
of which Distributable reserves: -€382,843
- Other debts +€335,843
up €335,843 (+1415.9%), from €23,719 to €359,563
- Debts after one year -€97,235
down €97,235 (-11.8%), from €826,833 to €729,598
- Financial charges +€22,746
up €22,746 (+222.7%), from €10,213 to €32,959
- Staff costs +€6,241
up €6,241 (+4.0%), from €156,100 to €162,341
- Taxes -€6,041
down €6,041 (-7.1%), from €85,281 to €79,240
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 | €2,854,643 | €2,711,547 | -€143,096 | -5.0% |
| Fixed assets | 21/28 | €1,326,279 | €1,211,206 | -€115,073 | -8.7% |
| Tangible fixed assets | 22/27 | €1,326,279 | €1,211,206 | -€115,073 | -8.7% |
| Land and buildings | 22 | €1,037,411 | €973,262 | -€64,149 | -6.2% |
| Plant, machinery and equipment | 23 | €247,472 | €209,349 | -€38,123 | -15.4% |
| Furniture and vehicles | 24 | €41,397 | €28,595 | -€12,801 | -30.9% |
| Current assets | 29/58 | €1,528,364 | €1,500,341 | -€28,023 | -1.8% |
| Stocks and contracts in progress | 3 | €169,139 | €168,612 | -€527 | -0.3% |
| Stocks | 30/36 | €169,139 | €168,612 | -€527 | -0.3% |
| Amounts receivable within one year | 40/41 | €165,119 | €210,741 | +€45,622 | +27.6% |
| Trade receivables | 40 | €165,119 | €210,741 | +€45,622 | +27.6% |
| Current investments | 50/53 | €311,281 | €327,352 | +€16,072 | +5.2% |
| Cash at bank and in hand | 54/58 | €875,151 | €787,402 | -€87,749 | -10.0% |
| Deferred charges and accrued income | 490/1 | €7,674 | €6,233 | -€1,441 | -18.8% |
| Total equity and liabilities | 10/49 | €2,854,643 | €2,711,547 | -€143,096 | -5.0% |
| Equity | 10/15 | €1,664,271 | €1,272,793 | -€391,478 | -23.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,420,465 | €1,028,007 | -€392,458 | -27.6% |
| Tax-exempt reserves | 132 | €153,842 | €144,227 | -€9,615 | -6.2% |
| Distributable reserves | 133 | €1,266,623 | €883,780 | -€382,843 | -30.2% |
| Profit (loss) carried forward | 14 | €225,207 | €226,186 | +€980 | +0.4% |
| Provisions and deferred taxes | 16 | €51,281 | €48,075 | -€3,205 | -6.3% |
| Deferred taxes | 168 | €51,281 | €48,075 | -€3,205 | -6.3% |
| Amounts payable | 17/49 | €1,139,092 | €1,390,679 | +€251,587 | +22.1% |
| Amounts payable after more than one year | 17 | €826,833 | €729,598 | -€97,235 | -11.8% |
| Financial debts | 170/4 | €826,833 | €729,598 | -€97,235 | -11.8% |
| Amounts payable within one year | 42/48 | €312,258 | €661,047 | +€348,789 | +111.7% |
| Current portion of amounts payable after more than one year | 42 | €96,308 | €97,235 | +€928 | +1.0% |
| Trade debts | 44 | €138,421 | €159,638 | +€21,217 | +15.3% |
| Suppliers | 440/4 | €138,421 | €159,638 | +€21,217 | +15.3% |
| Taxes, remuneration and social security | 45 | €53,811 | €44,612 | -€9,199 | -17.1% |
| Taxes | 450/3 | €39,690 | €23,566 | -€16,124 | -40.6% |
| Remuneration and social security | 454/9 | €14,121 | €21,046 | +€6,925 | +49.0% |
| Other amounts payable | 47/48 | €23,719 | €359,563 | +€335,843 | +1415.9% |
| Accrued charges and deferred income | 492/3 | - | €33 | +€33 | |
| Remuneration, social security and pensions | 62 | €156,100 | €162,341 | +€6,241 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €120,643 | €122,226 | +€1,583 | +1.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €2,358 | +€2,358 | |
| Other operating charges | 640/8 | €205 | €4,025 | +€3,820 | +1861.4% |
| Gross operating margin | 9900 | €539,750 | €544,381 | +€4,631 | +0.9% |
| Operating profit (loss) | 9901 | €262,801 | €253,430 | -€9,372 | -3.6% |
| Financial income | 75/76B | €11,163 | €11,929 | +€766 | +6.9% |
| Recurring financial income | 75 | €11,163 | €11,929 | +€766 | +6.9% |
| Financial charges | 65/66B | €10,213 | €32,959 | +€22,746 | +222.7% |
| Recurring financial charges | 65 | €10,213 | €32,959 | +€22,746 | +222.7% |
| Profit (loss) for the period before taxes | 9903 | €263,750 | €232,400 | -€31,351 | -11.9% |
| Transfer from deferred taxes | 780 | €3,205 | €3,205 | = | 0.0% |
| Income taxes | 67/77 | €85,281 | €79,240 | -€6,041 | -7.1% |
| Profit (loss) for the period | 9904 | €181,674 | €156,365 | -€25,310 | -13.9% |
| Transfer from tax-exempt reserves | 789 | €9,615 | €9,615 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €191,290 | €165,980 | -€25,310 | -13.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.