Dellobel: 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.
Dellobel
Largest movements
- Receivables within one year +€56,411
up €56,411 (+47.3%), from €119,369 to €175,780
of which Trade receivables: +€44,112
- Tangible fixed assets -€12,257
down €12,257 (-3.8%), from €322,006 to €309,749
of which Land and buildings: -€18,814
- Cash -€8,846
down €8,846 (-31.1%), from €28,489 to €19,643
mainly Receivables within one year (-€56,411) and Investment in fixed assets (net) (-€43,652)
- Trade debts +€77,835
up €77,835 (+269%), from €28,969 to €106,805
- Other debts -€34,676
down €34,676 (-40.9%), from €84,742 to €50,065
- Reserves +€29,575
up €29,575 (+17.6%), from €167,976 to €197,551
- Debts after one year -€28,969
down €28,969 (-14.0%), from €207,657 to €178,688
- Tax, wage and social debts -€5,892
down €5,892 (-62.9%), from €9,367 to €3,475
- Gross operating margin -€46,032
down €46,032 (-27.9%), from €164,780 to €118,748
- Taxes -€13,814
down €13,814 (-54.8%), from €25,220 to €11,405
- Depreciation +€11,483
up €11,483 (+25.6%), from €44,904 to €56,387
- Financial charges -€11,461
down €11,461 (-49.1%), from €23,362 to €11,901
of which Non-recurring financial charges: -€8,113
- Other operating charges +€6,661
up €6,661 (+95.8%), from €6,950 to €13,610
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 | €552,207 | €587,037 | +€34,830 | +6.3% |
| Formation expenses | 20 | €953 | €475 | -€478 | -50.2% |
| Fixed assets | 21/28 | €322,006 | €309,749 | -€12,257 | -3.8% |
| Tangible fixed assets | 22/27 | €322,006 | €309,749 | -€12,257 | -3.8% |
| Land and buildings | 22 | €221,002 | €202,188 | -€18,814 | -8.5% |
| Plant, machinery and equipment | 23 | €27,645 | €54,016 | +€26,372 | +95.4% |
| Furniture and vehicles | 24 | €69,871 | €53,544 | -€16,327 | -23.4% |
| Leasing and similar rights | 25 | €3,488 | €0 | -€3,488 | -100% |
| Current assets | 29/58 | €229,248 | €276,813 | +€47,565 | +20.7% |
| Stocks and contracts in progress | 3 | €81,391 | €81,391 | = | 0.0% |
| Stocks | 30/36 | €81,391 | €81,391 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €119,369 | €175,780 | +€56,411 | +47.3% |
| Trade receivables | 40 | €107,135 | €151,247 | +€44,112 | +41.2% |
| Other amounts receivable | 41 | €12,234 | €24,533 | +€12,299 | +101% |
| Cash at bank and in hand | 54/58 | €28,489 | €19,643 | -€8,846 | -31.1% |
| Total equity and liabilities | 10/49 | €552,207 | €587,037 | +€34,830 | +6.3% |
| Equity | 10/15 | €186,576 | €216,151 | +€29,575 | +15.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €167,976 | €197,551 | +€29,575 | +17.6% |
| Distributable reserves | 133 | €167,976 | €197,551 | +€29,575 | +17.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €365,631 | €370,886 | +€5,255 | +1.4% |
| Amounts payable after more than one year | 17 | €207,657 | €178,688 | -€28,969 | -14.0% |
| Financial debts | 170/4 | €207,657 | €178,688 | -€28,969 | -14.0% |
| Amounts payable within one year | 42/48 | €157,974 | €192,198 | +€34,224 | +21.7% |
| Current portion of amounts payable after more than one year | 42 | €32,946 | €28,969 | -€3,977 | -12.1% |
| Trade debts | 44 | €28,969 | €106,805 | +€77,835 | +269% |
| Suppliers | 440/4 | €28,969 | €106,805 | +€77,835 | +269% |
| Advances received on contracts in progress | 46 | €1,950 | €2,884 | +€934 | +47.9% |
| Taxes, remuneration and social security | 45 | €9,367 | €3,475 | -€5,892 | -62.9% |
| Taxes | 450/3 | €9,367 | €3,475 | -€5,892 | -62.9% |
| Other amounts payable | 47/48 | €84,742 | €50,065 | -€34,676 | -40.9% |
| Non-recurring operating income | 76A | €5,430 | - | -€5,430 | |
| Remuneration, social security and pensions | 62 | - | €365 | +€365 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,904 | €56,387 | +€11,483 | +25.6% |
| Other operating charges | 640/8 | €6,950 | €13,610 | +€6,661 | +95.8% |
| Gross operating margin | 9900 | €164,780 | €118,748 | -€46,032 | -27.9% |
| Operating profit (loss) | 9901 | €112,926 | €48,386 | -€64,541 | -57.2% |
| Financial income | 75/76B | €1,782 | €4,496 | +€2,714 | +152% |
| Recurring financial income | 75 | €1,782 | €4,496 | +€2,714 | +152% |
| Financial charges | 65/66B | €23,362 | €11,901 | -€11,461 | -49.1% |
| Recurring financial charges | 65 | €15,250 | €11,901 | -€3,348 | -22.0% |
| Non-recurring financial charges | 66B | €8,113 | - | -€8,113 | |
| Profit (loss) for the period before taxes | 9903 | €91,346 | €40,980 | -€50,366 | -55.1% |
| Income taxes | 67/77 | €25,220 | €11,405 | -€13,814 | -54.8% |
| Profit (loss) for the period | 9904 | €66,126 | €29,575 | -€36,552 | -55.3% |
| Profit (loss) for the period to be appropriated | 9905 | €66,126 | €29,575 | -€36,552 | -55.3% |
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 21 October 2026 via checked.be.