DELLING: what changed
Two fiscal 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.
DELLING
Largest movements
- Receivables within one year +€103,974
up €103,974 (+55.4%), from €187,811 to €291,785
of which Trade receivables: +€159,489
- Cash -€17,265
down €17,265 (-89.1%), from €19,378 to €2,113
mainly Contributions, distributions and other (-€189,300) and Receivables within one year (-€103,974)
- Other debts +€189,300
up €189,300, from €0 to €189,300
- Reserves -€160,074
down €160,074 (-42.2%), from €379,684 to €219,610
of which Distributable reserves: -€160,074
- Trade debts +€70,539
up €70,539 (+284.6%), from €24,782 to €95,321
- Tax, wage and social debts -€11,923
down €11,923 (-55.1%), from €21,623 to €9,700
- Gross operating margin +€29,901
up €29,901 (+62.4%), from €47,937 to €77,838
- Other operating charges +€19,266
up €19,266 (+102.6%), from €18,785 to €38,051
- Taxes -€1,875
down €1,875 (-16.2%), from €11,546 to €9,672
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.
Cash bridge derived
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 | €492,832 | €579,378 | +€86,546 | +17.6% |
| Fixed assets | 21/28 | €282,699 | €282,242 | -€457 | -0.2% |
| Tangible fixed assets | 22/27 | €282,699 | €282,242 | -€457 | -0.2% |
| Land and buildings | 22 | €280,737 | €280,737 | = | 0.0% |
| Furniture and vehicles | 24 | €1,962 | €1,505 | -€457 | -23.3% |
| Current assets | 29/58 | €210,133 | €297,136 | +€87,003 | +41.4% |
| Amounts receivable within one year | 40/41 | €187,811 | €291,785 | +€103,974 | +55.4% |
| Trade receivables | 40 | €107,811 | €267,300 | +€159,489 | +147.9% |
| Other amounts receivable | 41 | €80,000 | €24,485 | -€55,515 | -69.4% |
| Cash at bank and in hand | 54/58 | €19,378 | €2,113 | -€17,265 | -89.1% |
| Deferred charges and accrued income | 490/1 | €2,944 | €3,238 | +€293 | +10.0% |
| Total equity and liabilities | 10/49 | €492,832 | €579,378 | +€86,546 | +17.6% |
| Equity | 10/15 | €443,746 | €283,673 | -€160,074 | -36.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €379,684 | €219,610 | -€160,074 | -42.2% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €373,484 | €213,410 | -€160,074 | -42.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Investment grants | 15 | €2,063 | €2,063 | = | 0.0% |
| Provisions and deferred taxes | 16 | €1,385 | €1,385 | = | 0.0% |
| Deferred taxes | 168 | €1,385 | €1,385 | = | 0.0% |
| Amounts payable | 17/49 | €47,701 | €294,321 | +€246,619 | +517.0% |
| Amounts payable within one year | 42/48 | €46,405 | €294,321 | +€247,915 | +534.2% |
| Trade debts | 44 | €24,782 | €95,321 | +€70,539 | +284.6% |
| Suppliers | 440/4 | €24,782 | €95,321 | +€70,539 | +284.6% |
| Taxes, remuneration and social security | 45 | €21,623 | €9,700 | -€11,923 | -55.1% |
| Taxes | 450/3 | €21,623 | €9,700 | -€11,923 | -55.1% |
| Other amounts payable | 47/48 | €0 | €189,300 | +€189,300 | |
| Accrued charges and deferred income | 492/3 | €1,296 | €0 | -€1,296 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €321 | €457 | +€135 | +42.2% |
| Other operating charges | 640/8 | €18,785 | €38,051 | +€19,266 | +102.6% |
| Gross operating margin | 9900 | €47,937 | €77,838 | +€29,901 | +62.4% |
| Operating profit (loss) | 9901 | €28,831 | €39,330 | +€10,499 | +36.4% |
| Financial charges | 65/66B | €428 | €432 | +€3 | +0.8% |
| Recurring financial charges | 65 | €428 | €432 | +€3 | +0.8% |
| Profit (loss) for the period before taxes | 9903 | €28,403 | €38,898 | +€10,496 | +37.0% |
| Income taxes | 67/77 | €11,546 | €9,672 | -€1,875 | -16.2% |
| Profit (loss) for the period | 9904 | €16,856 | €29,226 | +€12,370 | +73.4% |
| Profit (loss) for the period to be appropriated | 9905 | €16,856 | €29,226 | +€12,370 | +73.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.