DELIMAN: 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.
DELIMAN
Largest movements
- Cash -€446,014
down €446,014 (-42.2%), from €1.1m to €611,020
mainly Receivables within one year (-€241,054) and Investment in fixed assets (net) (-€167,110)
- Receivables within one year +€241,054
up €241,054 (+63.5%), from €379,785 to €620,839
of which Trade receivables: +€219,211
- Financial fixed assets +€100,000
up €100,000 (+27.8%), from €360,048 to €460,048
- Tangible fixed assets -€51,836
down €51,836 (-2.9%), from €1.8m to €1.7m
of which Land and buildings: -€86,088
- Reserves -€145,582
down €145,582 (-12.2%), from €1.2m to €1.0m
of which Distributable reserves: -€145,582
- Debts after one year -€94,514
down €94,514 (-9.2%), from €1.0m to €928,152
- Trade debts +€61,245
up €61,245 (+203.8%), from €30,046 to €91,292
- Gross operating margin +€95,449
up €95,449 (+151.6%), from €62,981 to €158,429
- Depreciation +€11,731
up €11,731 (+10.9%), from €107,215 to €118,946
- Financial income -€8,375
down €8,375 (-60.4%), from €13,859 to €5,484
- Financial charges +€5,019
up €5,019 (+27.2%), from €18,470 to €23,489
- Other operating charges +€4,180
up €4,180 (+48.5%), from €8,621 to €12,801
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 | €3,566,702 | €3,408,318 | -€158,384 | -4.4% |
| Fixed assets | 21/28 | €2,128,294 | €2,176,459 | +€48,164 | +2.3% |
| Tangible fixed assets | 22/27 | €1,768,246 | €1,716,411 | -€51,836 | -2.9% |
| Land and buildings | 22 | €1,638,477 | €1,552,388 | -€86,088 | -5.3% |
| Plant, machinery and equipment | 23 | - | €60,951 | +€60,951 | |
| Furniture and vehicles | 24 | €128,761 | €101,571 | -€27,189 | -21.1% |
| Other tangible fixed assets | 26 | €1,009 | - | -€1,009 | |
| Assets under construction and advance payments | 27 | - | €1,500 | +€1,500 | |
| Financial fixed assets | 28 | €360,048 | €460,048 | +€100,000 | +27.8% |
| Current assets | 29/58 | €1,438,408 | €1,231,859 | -€206,548 | -14.4% |
| Amounts receivable within one year | 40/41 | €379,785 | €620,839 | +€241,054 | +63.5% |
| Trade receivables | 40 | €184,235 | €403,446 | +€219,211 | +119.0% |
| Other amounts receivable | 41 | €195,550 | €217,394 | +€21,843 | +11.2% |
| Cash at bank and in hand | 54/58 | €1,057,034 | €611,020 | -€446,014 | -42.2% |
| Deferred charges and accrued income | 490/1 | €1,589 | - | -€1,589 | |
| Total equity and liabilities | 10/49 | €3,566,702 | €3,408,318 | -€158,384 | -4.4% |
| Equity | 10/15 | €2,424,032 | €2,286,663 | -€137,369 | -5.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,191,981 | €1,046,399 | -€145,582 | -12.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,190,121 | €1,044,539 | -€145,582 | -12.2% |
| Profit (loss) carried forward | 14 | €1,225,851 | €1,234,064 | +€8,212 | +0.7% |
| Amounts payable | 17/49 | €1,142,670 | €1,121,655 | -€21,015 | -1.8% |
| Amounts payable after more than one year | 17 | €1,022,666 | €928,152 | -€94,514 | -9.2% |
| Financial debts | 170/4 | €1,022,666 | €928,152 | -€94,514 | -9.2% |
| Amounts payable within one year | 42/48 | €120,004 | €193,503 | +€73,499 | +61.2% |
| Current portion of amounts payable after more than one year | 42 | €89,757 | €94,514 | +€4,757 | +5.3% |
| Trade debts | 44 | €30,046 | €91,292 | +€61,245 | +203.8% |
| Suppliers | 440/4 | €30,046 | €91,292 | +€61,245 | +203.8% |
| Taxes, remuneration and social security | 45 | €200 | €7,697 | +€7,497 | +3748.5% |
| Taxes | 450/3 | €200 | €7,697 | +€7,497 | +3748.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €107,215 | €118,946 | +€11,731 | +10.9% |
| Other operating charges | 640/8 | €8,621 | €12,801 | +€4,180 | +48.5% |
| Gross operating margin | 9900 | €62,981 | €158,429 | +€95,449 | +151.6% |
| Operating profit (loss) | 9901 | -€52,855 | €26,683 | +€79,538 | |
| Financial income | 75/76B | €13,859 | €5,484 | -€8,375 | -60.4% |
| Recurring financial income | 75 | €13,859 | €5,484 | -€8,375 | -60.4% |
| Financial charges | 65/66B | €18,470 | €23,489 | +€5,019 | +27.2% |
| Recurring financial charges | 65 | €18,470 | €23,489 | +€5,019 | +27.2% |
| Profit (loss) for the period before taxes | 9903 | -€57,466 | €8,678 | +€66,144 | |
| Income taxes | 67/77 | €1,914 | €466 | -€1,448 | -75.7% |
| Profit (loss) for the period | 9904 | -€59,380 | €8,212 | +€67,592 | |
| Profit (loss) for the period to be appropriated | 9905 | -€59,380 | €8,212 | +€67,592 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.