DELIVREZ-VOUS: 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.
DELIVREZ-VOUS
Largest movements
- Cash +€23,004
up €23,004 (+29.9%), from €76,854 to €99,858
mainly Net result for the year (+€68,416) and Tax, wage and social debts (+€19,733)
- Stocks and contracts +€19,730
up €19,730 (+3.6%), from €546,868 to €566,598
- Reserves +€56,416
up €56,416 (+539%), from €10,470 to €66,886
of which Distributable reserves: +€54,886
- Debts after one year -€55,713
down €55,713 (-63.3%), from €88,054 to €32,341
- Tax, wage and social debts +€19,733
up €19,733 (+56.4%), from €34,967 to €54,699
of which Taxes: +€17,314
- Current portion of long-term debt -€16,476
down €16,476 (-22.3%), from €73,759 to €57,283
- Trade debts +€13,637
up €13,637 (+7.7%), from €177,551 to €191,187
- Gross operating margin +€52,764
up €52,764 (+26.9%), from €196,466 to €249,230
- Taxes +€15,458
up €15,458 (+137%), from €11,309 to €26,767
- Staff costs -€9,129
down €9,129 (-6.8%), from €134,099 to €124,970
- Other operating charges +€3,162
up €3,162 (+59.5%), from €5,311 to €8,474
- Depreciation -€3,131
down €3,131 (-29.7%), from €10,548 to €7,417
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 | €687,864 | €723,313 | +€35,449 | +5.2% |
| Fixed assets | 21/28 | €43,913 | €41,563 | -€2,350 | -5.4% |
| Tangible fixed assets | 22/27 | €43,913 | €41,563 | -€2,350 | -5.4% |
| Plant, machinery and equipment | 23 | €43,913 | €37,296 | -€6,618 | -15.1% |
| Furniture and vehicles | 24 | - | €4,267 | +€4,267 | |
| Current assets | 29/58 | €643,950 | €681,750 | +€37,799 | +5.9% |
| Stocks and contracts in progress | 3 | €546,868 | €566,598 | +€19,730 | +3.6% |
| Stocks | 30/36 | €546,868 | €566,598 | +€19,730 | +3.6% |
| Amounts receivable within one year | 40/41 | €18,493 | €13,509 | -€4,985 | -27.0% |
| Trade receivables | 40 | €18,493 | €13,509 | -€4,985 | -27.0% |
| Cash at bank and in hand | 54/58 | €76,854 | €99,858 | +€23,004 | +29.9% |
| Deferred charges and accrued income | 490/1 | €1,735 | €1,785 | +€51 | +2.9% |
| Total equity and liabilities | 10/49 | €687,864 | €723,313 | +€35,449 | +5.2% |
| Equity | 10/15 | €306,292 | €362,708 | +€56,416 | +18.4% |
| Contributions | 10/11 | €120,000 | €120,000 | = | 0.0% |
| Capital | 10 | €120,000 | €120,000 | = | 0.0% |
| Issued capital | 100 | €120,000 | €120,000 | = | 0.0% |
| Reserves | 13 | €10,470 | €66,886 | +€56,416 | +539% |
| Non-distributable reserves | 130/1 | €10,470 | €12,000 | +€1,530 | +14.6% |
| Legal reserve | 130 | €10,470 | €12,000 | +€1,530 | +14.6% |
| Distributable reserves | 133 | - | €54,886 | +€54,886 | |
| Profit (loss) carried forward | 14 | €175,823 | €175,823 | = | 0.0% |
| Amounts payable | 17/49 | €381,571 | €360,604 | -€20,967 | -5.5% |
| Amounts payable after more than one year | 17 | €88,054 | €32,341 | -€55,713 | -63.3% |
| Financial debts | 170/4 | €88,054 | €32,341 | -€55,713 | -63.3% |
| Amounts payable within one year | 42/48 | €293,364 | €328,145 | +€34,781 | +11.9% |
| Current portion of amounts payable after more than one year | 42 | €73,759 | €57,283 | -€16,476 | -22.3% |
| Trade debts | 44 | €177,551 | €191,187 | +€13,637 | +7.7% |
| Suppliers | 440/4 | €177,551 | €191,187 | +€13,637 | +7.7% |
| Advances received on contracts in progress | 46 | - | €4,786 | +€4,786 | |
| Taxes, remuneration and social security | 45 | €34,967 | €54,699 | +€19,733 | +56.4% |
| Taxes | 450/3 | €21,259 | €38,572 | +€17,314 | +81.4% |
| Remuneration and social security | 454/9 | €13,708 | €16,127 | +€2,419 | +17.6% |
| Other amounts payable | 47/48 | €7,088 | €20,189 | +€13,101 | +185% |
| Accrued charges and deferred income | 492/3 | €153 | €118 | -€35 | -22.6% |
| Non-recurring operating income | 76A | - | €10,352 | +€10,352 | |
| Remuneration, social security and pensions | 62 | €134,099 | €124,970 | -€9,129 | -6.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,548 | €7,417 | -€3,131 | -29.7% |
| Other operating charges | 640/8 | €5,311 | €8,474 | +€3,162 | +59.5% |
| Non-recurring operating charges | 66A | - | €4,309 | +€4,309 | |
| Gross operating margin | 9900 | €196,466 | €249,230 | +€52,764 | +26.9% |
| Operating profit (loss) | 9901 | €46,508 | €104,060 | +€57,552 | +124% |
| Financial income | 75/76B | €0 | €106 | +€106 | +105,590% |
| Recurring financial income | 75 | €0 | €106 | +€106 | +105,590% |
| Financial charges | 65/66B | €9,580 | €8,983 | -€598 | -6.2% |
| Recurring financial charges | 65 | €9,580 | €8,983 | -€598 | -6.2% |
| Profit (loss) for the period before taxes | 9903 | €36,927 | €95,183 | +€58,256 | +158% |
| Income taxes | 67/77 | €11,309 | €26,767 | +€15,458 | +137% |
| Profit (loss) for the period | 9904 | €25,618 | €68,416 | +€42,797 | +167% |
| Profit (loss) for the period to be appropriated | 9905 | €25,618 | €68,416 | +€42,797 | +167% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.