DELIO NETGATES: 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.
DELIO NETGATES
Largest movements
- Receivables after one year -€72,310
no longer reported in 2025 (was €72,310)
- Cash -€56,145
down €56,145 (-46.4%), from €121,031 to €64,886
mainly Other debts (-€104,653) and Net result for the year (-€46,526)
- Stocks and contracts +€45,962
up €45,962 (+336%), from €13,661 to €59,623
- Other debts -€104,653
down €104,653 (-78.6%), from €133,179 to €28,525
- Profit (loss) carried forward -€46,526
down €46,526 (-15.9%), from €292,541 to €246,015
- Tax, wage and social debts +€45,130
up €45,130 (+93.5%), from €48,270 to €93,400
of which Taxes: +€37,595
- Trade debts +€26,157
up €26,157 (+800%), from €3,269 to €29,426
- Staff costs +€29,380
up €29,380 (+30.7%), from €95,601 to €124,981
- Gross operating margin -€29,348
down €29,348 (-23.9%), from €122,636 to €93,288
- Other operating charges +€9,702
up €9,702 (+772%), from €1,257 to €10,958
- Financial income -€2,892
no longer reported in 2025 (was €2,892)
- Taxes -€2,060
down €2,060, from €1,539 to -€522
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.
Derived cash bridge
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 | €485,819 | €405,926 | -€79,893 | -16.4% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €4,699 | €6,317 | +€1,618 | +34.4% |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | €159 | €1,777 | +€1,618 | +1,019% |
| Plant, machinery and equipment | 23 | - | €984 | +€984 | |
| Furniture and vehicles | 24 | - | €793 | +€793 | |
| Other tangible fixed assets | 26 | €159 | €0 | -€159 | -100% |
| Financial fixed assets | 28 | €4,540 | €4,540 | = | 0.0% |
| Current assets | 29/58 | €481,120 | €399,609 | -€81,511 | -16.9% |
| Amounts receivable after more than one year | 29 | €72,310 | - | -€72,310 | |
| Trade receivables | 290 | €72,310 | - | -€72,310 | |
| Stocks and contracts in progress | 3 | €13,661 | €59,623 | +€45,962 | +336% |
| Stocks | 30/36 | €13,661 | €59,623 | +€45,962 | +336% |
| Amounts receivable within one year | 40/41 | €270,933 | €274,006 | +€3,072 | +1.1% |
| Trade receivables | 40 | €50,006 | €58,078 | +€8,072 | +16.1% |
| Other amounts receivable | 41 | €220,928 | €215,928 | -€5,000 | -2.3% |
| Cash at bank and in hand | 54/58 | €121,031 | €64,886 | -€56,145 | -46.4% |
| Deferred charges and accrued income | 490/1 | €3,185 | €1,094 | -€2,091 | -65.6% |
| Total equity and liabilities | 10/49 | €485,819 | €405,926 | -€79,893 | -16.4% |
| Equity | 10/15 | €301,101 | €254,575 | -€46,526 | -15.5% |
| Contributions | 10/11 | €6,700 | €6,700 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €292,541 | €246,015 | -€46,526 | -15.9% |
| Amounts payable | 17/49 | €184,718 | €151,351 | -€33,366 | -18.1% |
| Amounts payable within one year | 42/48 | €184,718 | €151,351 | -€33,366 | -18.1% |
| Trade debts | 44 | €3,269 | €29,426 | +€26,157 | +800% |
| Suppliers | 440/4 | €3,269 | €29,426 | +€26,157 | +800% |
| Taxes, remuneration and social security | 45 | €48,270 | €93,400 | +€45,130 | +93.5% |
| Taxes | 450/3 | €32,764 | €70,359 | +€37,595 | +115% |
| Remuneration and social security | 454/9 | €15,506 | €23,041 | +€7,535 | +48.6% |
| Other amounts payable | 47/48 | €133,179 | €28,525 | -€104,653 | -78.6% |
| Remuneration, social security and pensions | 62 | €95,601 | €124,981 | +€29,380 | +30.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,542 | €838 | -€704 | -45.6% |
| Other operating charges | 640/8 | €1,257 | €10,958 | +€9,702 | +772% |
| Non-recurring operating charges | 66A | €256 | €1,507 | +€1,251 | +489% |
| Gross operating margin | 9900 | €122,636 | €93,288 | -€29,348 | -23.9% |
| Operating profit (loss) | 9901 | €23,981 | -€44,997 | -€68,977 | |
| Financial income | 75/76B | €2,892 | - | -€2,892 | |
| Recurring financial income | 75 | €2,892 | - | -€2,892 | |
| Financial charges | 65/66B | €1,858 | €2,051 | +€193 | +10.4% |
| Recurring financial charges | 65 | €1,858 | €2,051 | +€193 | +10.4% |
| Profit (loss) for the period before taxes | 9903 | €25,015 | -€47,048 | -€72,063 | |
| Income taxes | 67/77 | €1,539 | -€522 | -€2,060 | |
| Profit (loss) for the period | 9904 | €23,476 | -€46,526 | -€70,003 | |
| Profit (loss) for the period to be appropriated | 9905 | €23,476 | -€46,526 | -€70,003 |
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 15 October 2026 via checked.be.