DELIVIN: what changed
DELIVIN
Largest movements
- Cash +€26,702
up €26,702 (+22.3%), from €119,530 to €146,232
mainly Net result for the year (+€20,091) and Current investments (+€18,390)
- Current investments -€18,390
no longer reported in 2025 (was €18,390)
- Tangible fixed assets -€5,941
down €5,941 (-4.3%), from €139,049 to €133,109
of which Land and buildings: -€5,297
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€26,247
down €26,247 (-56.9%), from €46,116 to €19,869
- Financial income +€19,141
up €19,141 (+5,447%), from €351 to €19,493
- Taxes -€1,727
down €1,727 (-19.7%), from €8,754 to €7,026
- Depreciation -€652
down €652 (-9.9%), from €6,593 to €5,941
- Financial charges -€505
down €505 (-11.5%), from €4,372 to €3,867
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €566,950 | €573,036 | +€6,086 | +1.1% |
| Fixed assets | 21/28 | €139,049 | €133,109 | -€5,941 | -4.3% |
| Tangible fixed assets | 22/27 | €139,049 | €133,109 | -€5,941 | -4.3% |
| Land and buildings | 22 | €138,279 | €132,982 | -€5,297 | -3.8% |
| Plant, machinery and equipment | 23 | €741 | €126 | -€615 | -83.0% |
| Furniture and vehicles | 24 | €29 | - | -€29 | |
| Current assets | 29/58 | €427,901 | €439,928 | +€12,027 | +2.8% |
| Stocks and contracts in progress | 3 | €284,312 | €284,196 | -€117 | 0.0% |
| Stocks | 30/36 | €284,312 | €284,196 | -€117 | 0.0% |
| Amounts receivable within one year | 40/41 | €4,846 | €8,635 | +€3,789 | +78.2% |
| Trade receivables | 40 | €4,846 | €7,135 | +€2,289 | +47.2% |
| Other amounts receivable | 41 | - | €1,500 | +€1,500 | |
| Current investments | 50/53 | €18,390 | - | -€18,390 | |
| Cash at bank and in hand | 54/58 | €119,530 | €146,232 | +€26,702 | +22.3% |
| Deferred charges and accrued income | 490/1 | €822 | €865 | +€43 | +5.2% |
| Total equity and liabilities | 10/49 | €566,950 | €573,036 | +€6,086 | +1.1% |
| Equity | 10/15 | €493,307 | €495,265 | +€1,958 | +0.4% |
| Contributions | 10/11 | €170,000 | €170,000 | = | 0.0% |
| Reserves | 13 | €322,816 | €325,107 | +€2,291 | +0.7% |
| Tax-exempt reserves | 132 | €125 | €125 | = | 0.0% |
| Distributable reserves | 133 | €322,691 | €324,982 | +€2,291 | +0.7% |
| Profit (loss) carried forward | 14 | €491 | €158 | -€333 | -67.8% |
| Amounts payable | 17/49 | €73,643 | €77,772 | +€4,129 | +5.6% |
| Amounts payable within one year | 42/48 | €73,643 | €77,772 | +€4,129 | +5.6% |
| Trade debts | 44 | - | €35 | +€35 | |
| Suppliers | 440/4 | - | €35 | +€35 | |
| Taxes, remuneration and social security | 45 | €13,751 | €17,725 | +€3,974 | +28.9% |
| Taxes | 450/3 | €13,751 | €17,725 | +€3,974 | +28.9% |
| Other amounts payable | 47/48 | €59,892 | €60,012 | +€120 | +0.2% |
| Non-recurring operating income | 76A | €1,645 | - | -€1,645 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,593 | €5,941 | -€652 | -9.9% |
| Other operating charges | 640/8 | €2,332 | €2,436 | +€104 | +4.5% |
| Gross operating margin | 9900 | €46,116 | €19,869 | -€26,247 | -56.9% |
| Operating profit (loss) | 9901 | €37,191 | €11,492 | -€25,699 | -69.1% |
| Financial income | 75/76B | €351 | €19,493 | +€19,141 | +5,447% |
| Recurring financial income | 75 | €351 | €19,493 | +€19,141 | +5,447% |
| Financial charges | 65/66B | €4,372 | €3,867 | -€505 | -11.5% |
| Recurring financial charges | 65 | €4,372 | €3,867 | -€505 | -11.5% |
| Profit (loss) for the period before taxes | 9903 | €33,171 | €27,117 | -€6,054 | -18.3% |
| Income taxes | 67/77 | €8,754 | €7,026 | -€1,727 | -19.7% |
| Profit (loss) for the period | 9904 | €24,417 | €20,091 | -€4,327 | -17.7% |
| Profit (loss) for the period to be appropriated | 9905 | €24,417 | €20,091 | -€4,327 | -17.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.