DELIMEUSE: 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.
DELIMEUSE
Largest movements
- Tangible fixed assets -€57,943
down €57,943 (-24.5%), from €236,674 to €178,731
of which Plant, machinery and equipment: -€33,936
- Receivables within one year -€12,356
down €12,356 (-69.2%), from €17,856 to €5,500
of which Trade receivables: -€9,859
- Cash +€12,236
up €12,236 (+11.5%), from €106,095 to €118,330
- Intangible fixed assets -€5,664
down €5,664 (-21.8%), from €26,027 to €20,364
- Debts after one year -€53,662
down €53,662 (-22.7%), from €236,742 to €183,080
- Trade debts -€13,040
down €13,040 (-26.9%), from €48,427 to €35,387
- Tax, wage and social debts -€11,419
down €11,419 (-48.7%), from €23,464 to €12,045
of which Remuneration and social security: -€11,950
- Other debts +€9,957
up €9,957 (+17.5%), from €57,006 to €66,963
- Reserves +€5,868
up €5,868 (+2,563%), from €229 to €6,097
- Gross operating margin +€38,951
up €38,951 (+21.1%), from €184,167 to €223,118
- Staff costs +€28,052
up €28,052 (+20.3%), from €137,923 to €165,975
- Depreciation +€7,182
up €7,182 (+25.0%), from €28,758 to €35,940
From the 2024 result to the 2026 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 | 2024 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €393,803 | €331,975 | -€61,828 | -15.7% |
| Fixed assets | 21/28 | €263,732 | €200,125 | -€63,606 | -24.1% |
| Intangible fixed assets | 21 | €26,027 | €20,364 | -€5,664 | -21.8% |
| Tangible fixed assets | 22/27 | €236,674 | €178,731 | -€57,943 | -24.5% |
| Plant, machinery and equipment | 23 | €117,849 | €83,913 | -€33,936 | -28.8% |
| Furniture and vehicles | 24 | €8,326 | €1,545 | -€6,781 | -81.4% |
| Other tangible fixed assets | 26 | €110,499 | €93,273 | -€17,225 | -15.6% |
| Financial fixed assets | 28 | €1,030 | €1,030 | = | 0.0% |
| Current assets | 29/58 | €130,072 | €131,850 | +€1,779 | +1.4% |
| Stocks and contracts in progress | 3 | €4,483 | €5,034 | +€551 | +12.3% |
| Stocks | 30/36 | €4,483 | €5,034 | +€551 | +12.3% |
| Amounts receivable within one year | 40/41 | €17,856 | €5,500 | -€12,356 | -69.2% |
| Trade receivables | 40 | €10,783 | €924 | -€9,859 | -91.4% |
| Other amounts receivable | 41 | €7,073 | €4,576 | -€2,497 | -35.3% |
| Cash at bank and in hand | 54/58 | €106,095 | €118,330 | +€12,236 | +11.5% |
| Deferred charges and accrued income | 490/1 | €1,638 | €2,986 | +€1,348 | +82.3% |
| Total equity and liabilities | 10/49 | €393,803 | €331,975 | -€61,828 | -15.7% |
| Equity | 10/15 | €1,229 | €7,097 | +€5,868 | +477% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €229 | €6,097 | +€5,868 | +2,563% |
| Distributable reserves | 133 | €229 | €6,097 | +€5,868 | +2,563% |
| Amounts payable | 17/49 | €392,574 | €324,878 | -€67,696 | -17.2% |
| Amounts payable after more than one year | 17 | €236,742 | €183,080 | -€53,662 | -22.7% |
| Financial debts | 170/4 | €236,742 | €183,080 | -€53,662 | -22.7% |
| Amounts payable within one year | 42/48 | €154,920 | €141,503 | -€13,417 | -8.7% |
| Current portion of amounts payable after more than one year | 42 | €26,023 | €27,108 | +€1,084 | +4.2% |
| Trade debts | 44 | €48,427 | €35,387 | -€13,040 | -26.9% |
| Suppliers | 440/4 | €48,427 | €35,387 | -€13,040 | -26.9% |
| Taxes, remuneration and social security | 45 | €23,464 | €12,045 | -€11,419 | -48.7% |
| Taxes | 450/3 | €519 | €1,050 | +€531 | +102% |
| Remuneration and social security | 454/9 | €22,945 | €10,995 | -€11,950 | -52.1% |
| Other amounts payable | 47/48 | €57,006 | €66,963 | +€9,957 | +17.5% |
| Accrued charges and deferred income | 492/3 | €912 | €295 | -€617 | -67.6% |
| Remuneration, social security and pensions | 62 | €137,923 | €165,975 | +€28,052 | +20.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,758 | €35,940 | +€7,182 | +25.0% |
| Other operating charges | 640/8 | €2,082 | €1,255 | -€827 | -39.7% |
| Gross operating margin | 9900 | €184,167 | €223,118 | +€38,951 | +21.1% |
| Operating profit (loss) | 9901 | €15,405 | €19,948 | +€4,544 | +29.5% |
| Financial income | 75/76B | €138 | - | -€138 | |
| Recurring financial income | 75 | €138 | - | -€138 | |
| Financial charges | 65/66B | €15,314 | €14,717 | -€597 | -3.9% |
| Recurring financial charges | 65 | €15,314 | €14,717 | -€597 | -3.9% |
| Profit (loss) for the period before taxes | 9903 | €229 | €5,231 | +€5,002 | +2,185% |
| Income taxes | 67/77 | - | €1,050 | +€1,050 | |
| Profit (loss) for the period | 9904 | €229 | €4,181 | +€3,952 | +1,726% |
| Profit (loss) for the period to be appropriated | 9905 | €229 | €4,181 | +€3,952 | +1,726% |
Source: filed annual accounts (NBB), financial years ended 31 January 2024 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.