DELIVATO: 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.
DELIVATO
Largest movements
- Cash -€80,294
down €80,294 (-56.8%), from €141,372 to €61,078
mainly Trade debts (-€154,944) and Debts after one year (-€45,981)
- Tangible fixed assets -€74,800
down €74,800 (-53.8%), from €139,142 to €64,342
of which Furniture and vehicles: -€73,391
- Receivables within one year -€36,365
down €36,365 (-24.1%), from €150,935 to €114,570
of which Trade receivables: -€43,409
- Trade debts -€154,944
down €154,944 (-87.9%), from €176,296 to €21,352
- Debts after one year -€45,981
down €45,981 (-35.1%), from €131,167 to €85,186
of which Financial debts: -€48,864
- Reserves +€17,842
up €17,842 (+30.8%), from €57,855 to €75,697
of which Distributable reserves: +€17,842
- Tax, wage and social debts -€4,573
down €4,573 (-63.0%), from €7,264 to €2,691
- Other operating charges -€69,205
down €69,205 (-98.9%), from €69,952 to €747
- Write-downs +€47,790
new in 2025: €47,790
- Depreciation -€32,426
down €32,426 (-65.5%), from €49,525 to €17,099
- Financial charges -€15,924
down €15,924 (-35.7%), from €44,556 to €28,632
- Taxes +€2,552
up €2,552 (+1,829%), from €140 to €2,691
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 | €431,448 | €239,990 | -€191,459 | -44.4% |
| Fixed assets | 21/28 | €139,142 | €64,342 | -€74,800 | -53.8% |
| Tangible fixed assets | 22/27 | €139,142 | €64,342 | -€74,800 | -53.8% |
| Plant, machinery and equipment | 23 | €2,986 | €1,578 | -€1,408 | -47.2% |
| Furniture and vehicles | 24 | €136,155 | €62,764 | -€73,391 | -53.9% |
| Current assets | 29/58 | €292,307 | €175,648 | -€116,659 | -39.9% |
| Amounts receivable within one year | 40/41 | €150,935 | €114,570 | -€36,365 | -24.1% |
| Trade receivables | 40 | €115,569 | €72,161 | -€43,409 | -37.6% |
| Other amounts receivable | 41 | €35,365 | €42,409 | +€7,044 | +19.9% |
| Cash at bank and in hand | 54/58 | €141,372 | €61,078 | -€80,294 | -56.8% |
| Total equity and liabilities | 10/49 | €431,448 | €239,990 | -€191,459 | -44.4% |
| Equity | 10/15 | €64,055 | €81,897 | +€17,842 | +27.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €57,855 | €75,697 | +€17,842 | +30.8% |
| 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 | €55,995 | €73,837 | +€17,842 | +31.9% |
| Amounts payable | 17/49 | €367,394 | €158,093 | -€209,301 | -57.0% |
| Amounts payable after more than one year | 17 | €131,167 | €85,186 | -€45,981 | -35.1% |
| Financial debts | 170/4 | €131,167 | €82,303 | -€48,864 | -37.3% |
| Other amounts payable | 178/9 | - | €2,883 | +€2,883 | |
| Amounts payable within one year | 42/48 | €236,227 | €72,907 | -€163,319 | -69.1% |
| Current portion of amounts payable after more than one year | 42 | €52,666 | €48,864 | -€3,802 | -7.2% |
| Trade debts | 44 | €176,296 | €21,352 | -€154,944 | -87.9% |
| Suppliers | 440/4 | €176,296 | €21,352 | -€154,944 | -87.9% |
| Taxes, remuneration and social security | 45 | €7,264 | €2,691 | -€4,573 | -63.0% |
| Taxes | 450/3 | €7,264 | €2,691 | -€4,573 | -63.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,525 | €17,099 | -€32,426 | -65.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €47,790 | +€47,790 | |
| Other operating charges | 640/8 | €69,952 | €747 | -€69,205 | -98.9% |
| Gross operating margin | 9900 | €115,883 | €114,515 | -€1,368 | -1.2% |
| Operating profit (loss) | 9901 | -€3,594 | €48,879 | +€52,473 | |
| Financial income | 75/76B | €90 | €286 | +€196 | +218% |
| Recurring financial income | 75 | €90 | €286 | +€196 | +218% |
| Financial charges | 65/66B | €44,556 | €28,632 | -€15,924 | -35.7% |
| Recurring financial charges | 65 | €44,556 | €28,632 | -€15,924 | -35.7% |
| Profit (loss) for the period before taxes | 9903 | -€48,060 | €20,533 | +€68,593 | |
| Income taxes | 67/77 | €140 | €2,691 | +€2,552 | +1,829% |
| Profit (loss) for the period | 9904 | -€48,200 | €17,842 | +€66,042 | |
| Profit (loss) for the period to be appropriated | 9905 | -€48,200 | €17,842 | +€66,042 |
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 17 October 2026 via checked.be.