DELITIV: 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.
DELITIV
Largest movements
- Stocks and contracts +€282,265
up €282,265 (+72.1%), from €391,394 to €673,659
- Receivables within one year +€195,699
up €195,699 (+38.8%), from €504,646 to €700,345
of which Trade receivables: +€174,975
- Cash -€161,480
down €161,480 (-50.2%), from €321,645 to €160,165
mainly Other debts (-€350,000) and Stocks and contracts (-€282,265)
- Tangible fixed assets -€80,274
down €80,274 (-18.5%), from €435,048 to €354,774
of which Plant, machinery and equipment: -€80,581
- Short-term financial debts +€400,000
new in 2025: €400,000
- Other debts -€350,000
no longer reported in 2025 (was €350,000)
- Trade debts +€179,225
up €179,225 (+382.4%), from €46,863 to €226,088
- Debts after one year -€50,129
down €50,129 (-34.4%), from €145,804 to €95,676
of which Financial debts: -€50,979
- Tax, wage and social debts +€41,282
up €41,282 (+81.1%), from €50,898 to €92,180
of which Remuneration and social security: +€40,317
- Staff costs +€118,289
up €118,289 (+24.8%), from €477,102 to €595,391
- Gross operating margin +€90,889
up €90,889 (+12.2%), from €746,026 to €836,915
- Other operating charges +€12,170
up €12,170 (+93.3%), from €13,042 to €25,211
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 | €1,653,076 | €1,890,664 | +€237,588 | +14.4% |
| Fixed assets | 21/28 | €435,048 | €355,624 | -€79,424 | -18.3% |
| Tangible fixed assets | 22/27 | €435,048 | €354,774 | -€80,274 | -18.5% |
| Plant, machinery and equipment | 23 | €337,272 | €256,691 | -€80,581 | -23.9% |
| Furniture and vehicles | 24 | €1,010 | €17,045 | +€16,034 | +1587.0% |
| Other tangible fixed assets | 26 | €96,766 | €81,039 | -€15,727 | -16.3% |
| Financial fixed assets | 28 | - | €850 | +€850 | |
| Current assets | 29/58 | €1,218,028 | €1,535,040 | +€317,012 | +26.0% |
| Stocks and contracts in progress | 3 | €391,394 | €673,659 | +€282,265 | +72.1% |
| Stocks | 30/36 | €391,394 | €673,659 | +€282,265 | +72.1% |
| Amounts receivable within one year | 40/41 | €504,646 | €700,345 | +€195,699 | +38.8% |
| Trade receivables | 40 | €415,439 | €590,413 | +€174,975 | +42.1% |
| Other amounts receivable | 41 | €89,207 | €109,932 | +€20,725 | +23.2% |
| Cash at bank and in hand | 54/58 | €321,645 | €160,165 | -€161,480 | -50.2% |
| Deferred charges and accrued income | 490/1 | €343 | €871 | +€528 | +153.6% |
| Total equity and liabilities | 10/49 | €1,653,076 | €1,890,664 | +€237,588 | +14.4% |
| Equity | 10/15 | €894,534 | €920,548 | +€26,013 | +2.9% |
| Contributions | 10/11 | €450,000 | €450,000 | = | 0.0% |
| Capital | 10 | €450,000 | €450,000 | = | 0.0% |
| Issued capital | 100 | €450,000 | €450,000 | = | 0.0% |
| Reserves | 13 | €41,474 | €42,774 | +€1,301 | +3.1% |
| Non-distributable reserves | 130/1 | €41,474 | €42,774 | +€1,301 | +3.1% |
| Legal reserve | 130 | €41,474 | €42,774 | +€1,301 | +3.1% |
| Profit (loss) carried forward | 14 | €403,061 | €427,773 | +€24,712 | +6.1% |
| Amounts payable | 17/49 | €758,541 | €970,116 | +€211,575 | +27.9% |
| Amounts payable after more than one year | 17 | €145,804 | €95,676 | -€50,129 | -34.4% |
| Financial debts | 170/4 | €145,804 | €94,826 | -€50,979 | -35.0% |
| Other amounts payable | 178/9 | - | €850 | +€850 | |
| Amounts payable within one year | 42/48 | €611,350 | €871,719 | +€260,369 | +42.6% |
| Current portion of amounts payable after more than one year | 42 | €160,199 | €151,542 | -€8,656 | -5.4% |
| Financial debts | 43 | - | €400,000 | +€400,000 | |
| Credit institutions | 430/8 | - | €400,000 | +€400,000 | |
| Trade debts | 44 | €46,863 | €226,088 | +€179,225 | +382.4% |
| Suppliers | 440/4 | €46,863 | €226,088 | +€179,225 | +382.4% |
| Advances received on contracts in progress | 46 | €3,390 | €1,909 | -€1,481 | -43.7% |
| Taxes, remuneration and social security | 45 | €50,898 | €92,180 | +€41,282 | +81.1% |
| Taxes | 450/3 | €1,487 | €2,452 | +€965 | +64.9% |
| Remuneration and social security | 454/9 | €49,411 | €89,727 | +€40,317 | +81.6% |
| Other amounts payable | 47/48 | €350,000 | - | -€350,000 | |
| Accrued charges and deferred income | 492/3 | €1,387 | €2,722 | +€1,335 | +96.2% |
| Non-recurring operating income | 76A | €5,722 | - | -€5,722 | |
| Remuneration, social security and pensions | 62 | €477,102 | €595,391 | +€118,289 | +24.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €134,955 | €142,875 | +€7,920 | +5.9% |
| Other operating charges | 640/8 | €13,042 | €25,211 | +€12,170 | +93.3% |
| Gross operating margin | 9900 | €746,026 | €836,915 | +€90,889 | +12.2% |
| Operating profit (loss) | 9901 | €120,928 | €73,438 | -€47,490 | -39.3% |
| Financial income | 75/76B | €13 | €2,412 | +€2,399 | +18464.4% |
| Recurring financial income | 75 | €13 | €2,412 | +€2,399 | +18464.4% |
| Financial charges | 65/66B | €17,404 | €20,635 | +€3,231 | +18.6% |
| Recurring financial charges | 65 | €17,404 | €20,635 | +€3,231 | +18.6% |
| Profit (loss) for the period before taxes | 9903 | €103,537 | €55,214 | -€48,323 | -46.7% |
| Income taxes | 67/77 | €21,469 | €29,201 | +€7,732 | +36.0% |
| Profit (loss) for the period | 9904 | €82,068 | €26,013 | -€56,055 | -68.3% |
| Profit (loss) for the period to be appropriated | 9905 | €82,068 | €26,013 | -€56,055 | -68.3% |
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 3 October 2026 via checked.be.