DELLEN INVEST: 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.
DELLEN INVEST
Largest movements
- Receivables after one year +€71,573
up €71,573 (+193%), from €37,000 to €108,573
- Receivables within one year -€70,916
down €70,916 (-52.6%), from €134,907 to €63,991
of which Trade receivables: -€69,767
- Stocks and contracts -€22,586
down €22,586 (-100%), from €22,586 to €0
- Cash -€3,938
down €3,938 (-32.4%), from €12,137 to €8,200
mainly Receivables after one year (-€71,573) and Tax, wage and social debts (-€29,224)
- Tax, wage and social debts -€29,224
down €29,224 (-39.3%), from €74,277 to €45,053
of which Remuneration and social security: -€23,017
- Trade debts +€5,164
up €5,164 (+30.0%), from €17,233 to €22,397
- Other debts -€4,639
down €4,639 (-30.9%), from €15,035 to €10,397
- Turnover -€230,665
down €230,665 (-62.2%), from €370,647 to €139,982
- Purchases and services -€176,108
down €176,108 (-51.7%), from €340,463 to €164,355
- Staff costs -€14,018
down €14,018 (-34.9%), from €40,161 to €26,143
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 | €208,298 | €181,550 | -€26,748 | -12.8% |
| Fixed assets | 21/28 | €996 | €623 | -€373 | -37.4% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €996 | €623 | -€373 | -37.4% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €996 | €623 | -€373 | -37.4% |
| Leasing and similar rights | 25 | €0 | €0 | = | |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Current assets | 29/58 | €207,303 | €180,927 | -€26,376 | -12.7% |
| Amounts receivable after more than one year | 29 | €37,000 | €108,573 | +€71,573 | +193% |
| Trade receivables | 290 | €37,000 | €108,573 | +€71,573 | +193% |
| Stocks and contracts in progress | 3 | €22,586 | €0 | -€22,586 | -100% |
| Stocks | 30/36 | €22,586 | €0 | -€22,586 | -100% |
| Amounts receivable within one year | 40/41 | €134,907 | €63,991 | -€70,916 | -52.6% |
| Trade receivables | 40 | €69,767 | - | -€69,767 | |
| Other amounts receivable | 41 | €65,140 | €63,991 | -€1,149 | -1.8% |
| Cash at bank and in hand | 54/58 | €12,137 | €8,200 | -€3,938 | -32.4% |
| Deferred charges and accrued income | 490/1 | €672 | €163 | -€509 | -75.8% |
| Total equity and liabilities | 10/49 | €208,298 | €181,550 | -€26,748 | -12.8% |
| Equity | 10/15 | €24,148 | €26,099 | +€1,951 | +8.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,548 | €7,499 | +€1,951 | +35.2% |
| Amounts payable | 17/49 | €184,150 | €155,451 | -€28,699 | -15.6% |
| Amounts payable after more than one year | 17 | €77,604 | €77,604 | = | 0.0% |
| Financial debts | 170/4 | €77,604 | €77,604 | = | 0.0% |
| Amounts payable within one year | 42/48 | €106,546 | €77,847 | -€28,699 | -26.9% |
| Trade debts | 44 | €17,233 | €22,397 | +€5,164 | +30.0% |
| Bills of exchange payable | 441 | €17,233 | €22,397 | +€5,164 | +30.0% |
| Taxes, remuneration and social security | 45 | €74,277 | €45,053 | -€29,224 | -39.3% |
| Taxes | 450/3 | €6,207 | - | -€6,207 | |
| Remuneration and social security | 454/9 | €68,071 | €45,053 | -€23,017 | -33.8% |
| Other amounts payable | 47/48 | €15,035 | €10,397 | -€4,639 | -30.9% |
| Accrued charges and deferred income | 492/3 | - | €0 | = | |
| Turnover | 70 | €370,647 | €139,982 | -€230,665 | -62.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €340,463 | €164,355 | -€176,108 | -51.7% |
| Remuneration, social security and pensions | 62 | €40,161 | €26,143 | -€14,018 | -34.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €122 | €373 | +€250 | +205% |
| Other operating charges | 640/8 | €2,288 | €1,500 | -€788 | -34.4% |
| Gross operating margin | 9900 | €30,184 | €32,264 | +€2,080 | +6.9% |
| Operating profit (loss) | 9901 | -€12,386 | €4,249 | +€16,635 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €3,404 | €2,345 | -€1,059 | -31.1% |
| Recurring financial charges | 65 | €3,404 | €2,345 | -€1,059 | -31.1% |
| Profit (loss) for the period before taxes | 9903 | -€15,790 | €1,904 | +€17,695 | |
| Income taxes | 67/77 | - | -€46 | -€46 | |
| Profit (loss) for the period | 9904 | -€15,790 | €1,951 | +€17,741 | |
| Profit (loss) for the period to be appropriated | 9905 | -€15,790 | €1,951 | +€17,741 |
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 31 October 2026 via checked.be.