DELLAN & Co: 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.
DELLAN & Co
Largest movements
- Tangible fixed assets -€78,018
down €78,018 (-37.1%), from €210,528 to €132,510
of which Furniture and vehicles: -€51,872
- Stocks and contracts +€45,468
up €45,468 (+38.4%), from €118,304 to €163,772
- Debts after one year -€48,089
down €48,089 (-10.0%), from €481,736 to €433,647
of which Trade debts: -€48,089
- Other debts +€28,648
up €28,648 (+63.9%), from €44,799 to €73,447
- Reserves +€24,957
up €24,957 (+25.6%), from €97,396 to €122,353
of which Distributable reserves: +€24,957
- Trade debts -€22,844
down €22,844 (-46.6%), from €49,011 to €26,167
- Accrued charges and deferred income +€15,022
new in 2025: €15,022
- Gross operating margin -€54,108
down €54,108 (-24.1%), from €224,218 to €170,110
- Staff costs -€32,304
down €32,304 (-27.3%), from €118,265 to €85,961
- Depreciation -€17,380
down €17,380 (-36.5%), from €47,680 to €30,300
- Financial charges +€5,671
up €5,671 (+53.2%), from €10,661 to €16,332
- Other operating charges -€2,890
down €2,890 (-67.6%), from €4,276 to €1,386
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 | €843,703 | €813,997 | -€29,706 | -3.5% |
| Fixed assets | 21/28 | €595,916 | €517,898 | -€78,018 | -13.1% |
| Tangible fixed assets | 22/27 | €210,528 | €132,510 | -€78,018 | -37.1% |
| Plant, machinery and equipment | 23 | €15,797 | €11,081 | -€4,717 | -29.9% |
| Furniture and vehicles | 24 | €56,142 | €4,270 | -€51,872 | -92.4% |
| Leasing and similar rights | 25 | €49,544 | €44,050 | -€5,495 | -11.1% |
| Other tangible fixed assets | 26 | €89,045 | €73,109 | -€15,935 | -17.9% |
| Financial fixed assets | 28 | €385,388 | €385,388 | = | 0.0% |
| Current assets | 29/58 | €247,787 | €296,099 | +€48,312 | +19.5% |
| Stocks and contracts in progress | 3 | €118,304 | €163,772 | +€45,468 | +38.4% |
| Stocks | 30/36 | €118,304 | €163,772 | +€45,468 | +38.4% |
| Amounts receivable within one year | 40/41 | €32,699 | €35,946 | +€3,247 | +9.9% |
| Trade receivables | 40 | €11,891 | €13,695 | +€1,803 | +15.2% |
| Other amounts receivable | 41 | €20,808 | €22,251 | +€1,443 | +6.9% |
| Current investments | 50/53 | €29,880 | €35,135 | +€5,255 | +17.6% |
| Cash at bank and in hand | 54/58 | €65,242 | €60,112 | -€5,130 | -7.9% |
| Deferred charges and accrued income | 490/1 | €1,662 | €1,134 | -€528 | -31.8% |
| Total equity and liabilities | 10/49 | €843,703 | €813,997 | -€29,706 | -3.5% |
| Equity | 10/15 | €225,496 | €250,453 | +€24,957 | +11.1% |
| Contributions | 10/11 | €128,100 | €128,100 | = | 0.0% |
| Reserves | 13 | €97,396 | €122,353 | +€24,957 | +25.6% |
| 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 | €95,536 | €120,493 | +€24,957 | +26.1% |
| Amounts payable | 17/49 | €618,207 | €563,544 | -€54,663 | -8.8% |
| Amounts payable after more than one year | 17 | €481,736 | €433,647 | -€48,089 | -10.0% |
| Trade debts | 175 | €81,736 | €33,647 | -€48,089 | -58.8% |
| Other amounts payable | 178/9 | €400,000 | €400,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €136,471 | €114,875 | -€21,596 | -15.8% |
| Current portion of amounts payable after more than one year | 42 | €19,340 | €6,917 | -€12,423 | -64.2% |
| Trade debts | 44 | €49,011 | €26,167 | -€22,844 | -46.6% |
| Suppliers | 440/4 | €49,011 | €26,167 | -€22,844 | -46.6% |
| Taxes, remuneration and social security | 45 | €23,321 | €8,344 | -€14,977 | -64.2% |
| Taxes | 450/3 | €10,409 | €2,721 | -€7,688 | -73.9% |
| Remuneration and social security | 454/9 | €12,911 | €5,623 | -€7,289 | -56.5% |
| Other amounts payable | 47/48 | €44,799 | €73,447 | +€28,648 | +63.9% |
| Accrued charges and deferred income | 492/3 | - | €15,022 | +€15,022 | |
| Non-recurring operating income | 76A | €36,379 | €17,670 | -€18,709 | -51.4% |
| Remuneration, social security and pensions | 62 | €118,265 | €85,961 | -€32,304 | -27.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,680 | €30,300 | -€17,380 | -36.5% |
| Other operating charges | 640/8 | €4,276 | €1,386 | -€2,890 | -67.6% |
| Non-recurring operating charges | 66A | €9,859 | €624 | -€9,234 | -93.7% |
| Gross operating margin | 9900 | €224,218 | €170,110 | -€54,108 | -24.1% |
| Operating profit (loss) | 9901 | €44,138 | €51,839 | +€7,701 | +17.4% |
| Financial income | 75/76B | €287 | €239 | -€48 | -16.7% |
| Recurring financial income | 75 | €287 | €239 | -€48 | -16.7% |
| Financial charges | 65/66B | €10,661 | €16,332 | +€5,671 | +53.2% |
| Recurring financial charges | 65 | €10,661 | €16,332 | +€5,671 | +53.2% |
| Profit (loss) for the period before taxes | 9903 | €33,763 | €35,746 | +€1,983 | +5.9% |
| Income taxes | 67/77 | €10,556 | €10,789 | +€233 | +2.2% |
| Profit (loss) for the period | 9904 | €23,207 | €24,957 | +€1,750 | +7.5% |
| Profit (loss) for the period to be appropriated | 9905 | €23,207 | €24,957 | +€1,750 | +7.5% |
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 26 October 2026 via checked.be.