Delloue: 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.
Delloue
Largest movements
- Cash +€764,699
up €764,699 (+553.3%), from €138,218 to €902,917
mainly Net result for the year (+€467,033) and Tax, wage and social debts (+€214,266)
- Stocks and contracts -€58,689
no longer reported in 2025 (was €58,689)
- Receivables within one year -€52,724
down €52,724 (-96.3%), from €54,731 to €2,007
of which Trade receivables: -€54,181
- Reserves +€465,000
up €465,000 (+1761.3%), from €26,401 to €491,401
of which Distributable reserves: +€465,000
- Tax, wage and social debts +€214,266
up €214,266 (+1651.6%), from €12,973 to €227,239
of which Taxes: +€220,334
- Trade debts -€26,027
down €26,027 (-56.3%), from €46,252 to €20,225
- Gross operating margin +€541,467
up €541,467 (+275.8%), from €196,344 to €737,811
- Turnover -€504,341
down €504,341 (-90.1%), from €559,842 to €55,501
- Taxes +€223,455
up €223,455 (+56428.0%), from €396 to €223,851
- Purchases and services -€176,754
down €176,754 (-48.6%), from €363,498 to €186,744
- Staff costs -€80,269
down €80,269 (-81.5%), from €98,443 to €18,174
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 | €259,747 | €912,975 | +€653,228 | +251.5% |
| Fixed assets | 21/28 | €7,954 | €7,470 | -€484 | -6.1% |
| Tangible fixed assets | 22/27 | €7,704 | €7,470 | -€234 | -3.0% |
| Furniture and vehicles | 24 | €7,704 | €7,470 | -€234 | -3.0% |
| Financial fixed assets | 28 | €250 | - | -€250 | |
| Current assets | 29/58 | €251,793 | €905,505 | +€653,712 | +259.6% |
| Stocks and contracts in progress | 3 | €58,689 | - | -€58,689 | |
| Stocks | 30/36 | €58,689 | - | -€58,689 | |
| Amounts receivable within one year | 40/41 | €54,731 | €2,007 | -€52,724 | -96.3% |
| Trade receivables | 40 | €54,193 | €12 | -€54,181 | -100.0% |
| Other amounts receivable | 41 | €538 | €1,995 | +€1,457 | +270.8% |
| Cash at bank and in hand | 54/58 | €138,218 | €902,917 | +€764,699 | +553.3% |
| Deferred charges and accrued income | 490/1 | €155 | €581 | +€426 | +274.8% |
| Total equity and liabilities | 10/49 | €259,747 | €912,975 | +€653,228 | +251.5% |
| Equity | 10/15 | €198,478 | €665,511 | +€467,033 | +235.3% |
| Contributions | 10/11 | €123,947 | €123,947 | = | 0.0% |
| Capital | 10 | €123,947 | €123,947 | = | 0.0% |
| Issued capital | 100 | €123,947 | €123,947 | = | 0.0% |
| Reserves | 13 | €26,401 | €491,401 | +€465,000 | +1761.3% |
| Non-distributable reserves | 130/1 | €12,395 | €12,395 | = | 0.0% |
| Legal reserve | 130 | €12,395 | €12,395 | = | 0.0% |
| Tax-exempt reserves | 132 | €14,006 | €14,006 | = | 0.0% |
| Distributable reserves | 133 | - | €465,000 | +€465,000 | |
| Profit (loss) carried forward | 14 | €48,130 | €50,163 | +€2,033 | +4.2% |
| Amounts payable | 17/49 | €61,269 | €247,464 | +€186,195 | +303.9% |
| Amounts payable within one year | 42/48 | €61,269 | €247,464 | +€186,195 | +303.9% |
| Current portion of amounts payable after more than one year | 42 | €2,044 | - | -€2,044 | |
| Trade debts | 44 | €46,252 | €20,225 | -€26,027 | -56.3% |
| Suppliers | 440/4 | €46,252 | €20,225 | -€26,027 | -56.3% |
| Taxes, remuneration and social security | 45 | €12,973 | €227,239 | +€214,266 | +1651.6% |
| Taxes | 450/3 | €3,491 | €223,825 | +€220,334 | +6311.5% |
| Remuneration and social security | 454/9 | €9,482 | €3,414 | -€6,068 | -64.0% |
| Turnover | 70 | €559,842 | €55,501 | -€504,341 | -90.1% |
| Non-recurring operating income | 76A | - | €869,054 | +€869,054 | |
| Goods, raw materials, services and sundry goods | 60/61 | €363,498 | €186,744 | -€176,754 | -48.6% |
| Remuneration, social security and pensions | 62 | €98,443 | €18,174 | -€80,269 | -81.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,533 | €11,664 | -€3,869 | -24.9% |
| Other operating charges | 640/8 | €10,140 | €11,018 | +€878 | +8.7% |
| Non-recurring operating charges | 66A | €525 | - | -€525 | |
| Gross operating margin | 9900 | €196,344 | €737,811 | +€541,467 | +275.8% |
| Operating profit (loss) | 9901 | €71,703 | €696,955 | +€625,252 | +872.0% |
| Financial income | 75/76B | €167 | €95 | -€72 | -43.1% |
| Recurring financial income | 75 | €167 | €95 | -€72 | -43.1% |
| Financial charges | 65/66B | €1,638 | €6,166 | +€4,528 | +276.4% |
| Recurring financial charges | 65 | €1,638 | €799 | -€839 | -51.2% |
| Non-recurring financial charges | 66B | - | €5,367 | +€5,367 | |
| Profit (loss) for the period before taxes | 9903 | €70,232 | €690,884 | +€620,652 | +883.7% |
| Income taxes | 67/77 | €396 | €223,851 | +€223,455 | +56428.0% |
| Profit (loss) for the period | 9904 | €69,836 | €467,033 | +€397,197 | +568.8% |
| Profit (loss) for the period to be appropriated | 9905 | €69,836 | €467,033 | +€397,197 | +568.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.