DELISSIF: 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.
DELISSIF
Largest movements
- Tangible fixed assets +€56,338
up €56,338 (+145%), from €38,840 to €95,179
of which Furniture and vehicles: +€57,209
- Cash -€24,258
down €24,258 (-36.1%), from €67,197 to €42,939
mainly Investment in fixed assets (net) (-€91,849) and Receivables within one year (-€2,274)
- Intangible fixed assets +€13,767
new in 2025: €13,767
- Receivables within one year +€2,274
up €2,274 (+16.2%), from €14,060 to €16,334
of which Trade receivables: +€3,909
- Profit (loss) carried forward +€13,864
up €13,864 (+56.6%), from €24,489 to €38,353
- Debts after one year +€11,931
new in 2025: €11,931
- Trade debts +€8,682
up €8,682 (+57.5%), from €15,090 to €23,772
- Current portion of long-term debt +€8,546
new in 2025: €8,546
- Tax, wage and social debts +€5,605
up €5,605 (+21.2%), from €26,485 to €32,089
of which Remuneration and social security: +€5,866
- Staff costs +€56,941
up €56,941 (+243%), from €23,424 to €80,365
- Gross operating margin +€38,882
up €38,882 (+46.3%), from €83,926 to €122,808
- Depreciation +€14,149
up €14,149 (+186%), from €7,594 to €21,743
- Taxes -€2,467
down €2,467 (-40.2%), from €6,132 to €3,665
- Financial charges +€1,564
up €1,564 (+97.8%), from €1,598 to €3,162
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 | €126,147 | €174,268 | +€48,122 | +38.1% |
| Fixed assets | 21/28 | €44,889 | €114,995 | +€70,105 | +156% |
| Intangible fixed assets | 21 | - | €13,767 | +€13,767 | |
| Tangible fixed assets | 22/27 | €38,840 | €95,179 | +€56,338 | +145% |
| Plant, machinery and equipment | 23 | €5,913 | €5,042 | -€871 | -14.7% |
| Furniture and vehicles | 24 | €32,928 | €90,137 | +€57,209 | +174% |
| Financial fixed assets | 28 | €6,049 | €6,049 | = | 0.0% |
| Current assets | 29/58 | €81,257 | €59,273 | -€21,984 | -27.1% |
| Amounts receivable within one year | 40/41 | €14,060 | €16,334 | +€2,274 | +16.2% |
| Trade receivables | 40 | €12,098 | €16,007 | +€3,909 | +32.3% |
| Other amounts receivable | 41 | €1,962 | €327 | -€1,635 | -83.3% |
| Cash at bank and in hand | 54/58 | €67,197 | €42,939 | -€24,258 | -36.1% |
| Total equity and liabilities | 10/49 | €126,147 | €174,268 | +€48,122 | +38.1% |
| Equity | 10/15 | €29,489 | €43,353 | +€13,864 | +47.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,489 | €38,353 | +€13,864 | +56.6% |
| Amounts payable | 17/49 | €96,658 | €130,916 | +€34,258 | +35.4% |
| Amounts payable after more than one year | 17 | - | €11,931 | +€11,931 | |
| Financial debts | 170/4 | - | €11,931 | +€11,931 | |
| Amounts payable within one year | 42/48 | €96,658 | €118,985 | +€22,327 | +23.1% |
| Current portion of amounts payable after more than one year | 42 | - | €8,546 | +€8,546 | |
| Trade debts | 44 | €15,090 | €23,772 | +€8,682 | +57.5% |
| Suppliers | 440/4 | €15,090 | €23,772 | +€8,682 | +57.5% |
| Taxes, remuneration and social security | 45 | €26,485 | €32,089 | +€5,605 | +21.2% |
| Taxes | 450/3 | €12,538 | €12,277 | -€261 | -2.1% |
| Remuneration and social security | 454/9 | €13,946 | €19,812 | +€5,866 | +42.1% |
| Other amounts payable | 47/48 | €55,083 | €54,578 | -€505 | -0.9% |
| Remuneration, social security and pensions | 62 | €23,424 | €80,365 | +€56,941 | +243% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,594 | €21,743 | +€14,149 | +186% |
| Other operating charges | 640/8 | €389 | €10 | -€379 | -97.4% |
| Gross operating margin | 9900 | €83,926 | €122,808 | +€38,882 | +46.3% |
| Operating profit (loss) | 9901 | €52,519 | €20,690 | -€31,828 | -60.6% |
| Financial income | 75/76B | €16 | €0 | -€16 | -99.0% |
| Recurring financial income | 75 | €16 | €0 | -€16 | -99.0% |
| Financial charges | 65/66B | €1,598 | €3,162 | +€1,564 | +97.8% |
| Recurring financial charges | 65 | €1,598 | €3,162 | +€1,564 | +97.8% |
| Profit (loss) for the period before taxes | 9903 | €50,937 | €17,529 | -€33,408 | -65.6% |
| Income taxes | 67/77 | €6,132 | €3,665 | -€2,467 | -40.2% |
| Profit (loss) for the period | 9904 | €44,804 | €13,864 | -€30,941 | -69.1% |
| Profit (loss) for the period to be appropriated | 9905 | €44,804 | €13,864 | -€30,941 | -69.1% |
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 24 October 2026 via checked.be.