DELLIES: 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.
DELLIES
Largest movements
- Tangible fixed assets +€366,711
up €366,711 (+35.5%), from €1.0m to €1.4m
of which Land and buildings: +€372,147
- Cash -€113,340
down €113,340 (-78.2%), from €144,975 to €31,636
mainly Investment in fixed assets (net) (-€443,930) and Debts after one year (-€44,668)
- Other debts +€258,513
up €258,513 (+463%), from €55,792 to €314,305
- Debts after one year -€44,668
down €44,668 (-5.1%), from €882,584 to €837,916
- Reserves +€35,743
up €35,743 (+10.5%), from €340,937 to €376,679
- Trade debts -€20,419
down €20,419 (-73.7%), from €27,692 to €7,273
- Gross operating margin +€32,462
up €32,462 (+22.8%), from €142,614 to €175,076
- Depreciation +€25,002
up €25,002 (+46.8%), from €53,367 to €78,368
- Financial charges +€20,218
up €20,218 (+140%), from €14,450 to €34,667
- Taxes +€6,393
up €6,393 (+71.0%), from €9,008 to €15,401
- Financial income +€4,237
up €4,237 (+206%), from €2,061 to €6,297
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 | €1,411,129 | €1,660,215 | +€249,085 | +17.7% |
| Fixed assets | 21/28 | €1,033,957 | €1,399,519 | +€365,562 | +35.4% |
| Intangible fixed assets | 21 | €1,166 | €16 | -€1,150 | -98.6% |
| Tangible fixed assets | 22/27 | €1,032,391 | €1,399,103 | +€366,711 | +35.5% |
| Land and buildings | 22 | €997,337 | €1,369,484 | +€372,147 | +37.3% |
| Plant, machinery and equipment | 23 | €200 | €118 | -€82 | -41.0% |
| Furniture and vehicles | 24 | €31,429 | €29,501 | -€1,929 | -6.1% |
| Other tangible fixed assets | 26 | €3,425 | - | -€3,425 | |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €377,172 | €260,696 | -€116,477 | -30.9% |
| Stocks and contracts in progress | 3 | €41,165 | €50,473 | +€9,309 | +22.6% |
| Stocks | 30/36 | €41,165 | €50,473 | +€9,309 | +22.6% |
| Amounts receivable within one year | 40/41 | €159,257 | €144,852 | -€14,406 | -9.0% |
| Trade receivables | 40 | €159,174 | €144,852 | -€14,322 | -9.0% |
| Other amounts receivable | 41 | €84 | - | -€84 | |
| Current investments | 50/53 | €18,600 | €21,000 | +€2,400 | +12.9% |
| Cash at bank and in hand | 54/58 | €144,975 | €31,636 | -€113,340 | -78.2% |
| Deferred charges and accrued income | 490/1 | €13,176 | €12,735 | -€440 | -3.3% |
| Total equity and liabilities | 10/49 | €1,411,129 | €1,660,215 | +€249,085 | +17.7% |
| Equity | 10/15 | €359,537 | €395,279 | +€35,743 | +9.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €340,937 | €376,679 | +€35,743 | +10.5% |
| Distributable reserves | 133 | €340,937 | €376,679 | +€35,743 | +10.5% |
| Amounts payable | 17/49 | €1,051,593 | €1,264,935 | +€213,342 | +20.3% |
| Amounts payable after more than one year | 17 | €882,584 | €837,916 | -€44,668 | -5.1% |
| Financial debts | 170/4 | €882,584 | €837,916 | -€44,668 | -5.1% |
| Amounts payable within one year | 42/48 | €169,009 | €427,019 | +€258,010 | +153% |
| Current portion of amounts payable after more than one year | 42 | €58,402 | €67,533 | +€9,130 | +15.6% |
| Trade debts | 44 | €27,692 | €7,273 | -€20,419 | -73.7% |
| Suppliers | 440/4 | €27,692 | €7,273 | -€20,419 | -73.7% |
| Taxes, remuneration and social security | 45 | €27,123 | €37,908 | +€10,785 | +39.8% |
| Taxes | 450/3 | €23,723 | €34,508 | +€10,785 | +45.5% |
| Remuneration and social security | 454/9 | €3,400 | €3,400 | = | 0.0% |
| Other amounts payable | 47/48 | €55,792 | €314,305 | +€258,513 | +463% |
| Non-recurring operating income | 76A | €175 | €41,689 | +€41,514 | +23,779% |
| Remuneration, social security and pensions | 62 | €926 | €380 | -€546 | -58.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,367 | €78,368 | +€25,002 | +46.8% |
| Other operating charges | 640/8 | €14,625 | €13,388 | -€1,237 | -8.5% |
| Non-recurring operating charges | 66A | - | €3,425 | +€3,425 | |
| Gross operating margin | 9900 | €142,614 | €175,076 | +€32,462 | +22.8% |
| Operating profit (loss) | 9901 | €73,697 | €79,514 | +€5,817 | +7.9% |
| Financial income | 75/76B | €2,061 | €6,297 | +€4,237 | +206% |
| Recurring financial income | 75 | €2,061 | €6,297 | +€4,237 | +206% |
| Financial charges | 65/66B | €14,450 | €34,667 | +€20,218 | +140% |
| Recurring financial charges | 65 | €14,450 | €34,667 | +€20,218 | +140% |
| Profit (loss) for the period before taxes | 9903 | €61,307 | €51,144 | -€10,164 | -16.6% |
| Income taxes | 67/77 | €9,008 | €15,401 | +€6,393 | +71.0% |
| Profit (loss) for the period | 9904 | €52,300 | €35,743 | -€16,557 | -31.7% |
| Profit (loss) for the period to be appropriated | 9905 | €52,300 | €35,743 | -€16,557 | -31.7% |
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.