DELLS: 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.
DELLS
Largest movements
- Cash -€13,578
down €13,578 (-63.0%), from €21,550 to €7,972
mainly Debts after one year (-€9,156) and Stocks and contracts (-€4,880)
- Tangible fixed assets -€8,730
down €8,730 (-45.4%), from €19,227 to €10,497
of which Furniture and vehicles: -€8,585
- Stocks and contracts +€4,880
up €4,880 (+6.1%), from €80,649 to €85,529
- Debts after one year -€9,156
down €9,156 (-79.9%), from €11,460 to €2,304
- Current portion of long-term debt -€3,910
down €3,910 (-29.9%), from €13,066 to €9,156
- Trade debts -€3,569
down €3,569 (-46.0%), from €7,763 to €4,194
- Tax, wage and social debts +€2,694
up €2,694 (+30.3%), from €8,879 to €11,573
of which Taxes: +€2,694
- Other debts -€2,668
down €2,668 (-40.3%), from €6,627 to €3,959
- Gross operating margin -€20,231
down €20,231 (-64.5%), from €31,371 to €11,140
- Taxes -€3,687
down €3,687 (-81.7%), from €4,514 to €827
- Other operating charges -€1,989
down €1,989 (-58.7%), from €3,386 to €1,397
- Depreciation -€1,023
down €1,023 (-10.5%), from €9,753 to €8,730
- Financial charges +€490
up €490 (+36.5%), from €1,344 to €1,834
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 | €121,996 | €104,543 | -€17,453 | -14.3% |
| Fixed assets | 21/28 | €19,227 | €10,497 | -€8,730 | -45.4% |
| Tangible fixed assets | 22/27 | €19,227 | €10,497 | -€8,730 | -45.4% |
| Land and buildings | 22 | €349 | €204 | -€145 | -41.5% |
| Furniture and vehicles | 24 | €18,878 | €10,293 | -€8,585 | -45.5% |
| Current assets | 29/58 | €102,769 | €94,046 | -€8,723 | -8.5% |
| Stocks and contracts in progress | 3 | €80,649 | €85,529 | +€4,880 | +6.1% |
| Stocks | 30/36 | €80,649 | €85,529 | +€4,880 | +6.1% |
| Cash at bank and in hand | 54/58 | €21,550 | €7,972 | -€13,578 | -63.0% |
| Deferred charges and accrued income | 490/1 | €569 | €544 | -€25 | -4.4% |
| Total equity and liabilities | 10/49 | €121,996 | €104,543 | -€17,453 | -14.3% |
| Equity | 10/15 | €73,961 | €72,944 | -€1,017 | -1.4% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €57,500 | €57,500 | = | 0.0% |
| Distributable reserves | 133 | €57,500 | €57,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,461 | €444 | -€1,017 | -69.6% |
| Amounts payable | 17/49 | €48,035 | €31,599 | -€16,436 | -34.2% |
| Amounts payable after more than one year | 17 | €11,460 | €2,304 | -€9,156 | -79.9% |
| Financial debts | 170/4 | €11,460 | €2,304 | -€9,156 | -79.9% |
| Amounts payable within one year | 42/48 | €36,335 | €28,883 | -€7,452 | -20.5% |
| Current portion of amounts payable after more than one year | 42 | €13,066 | €9,156 | -€3,910 | -29.9% |
| Trade debts | 44 | €7,763 | €4,194 | -€3,569 | -46.0% |
| Suppliers | 440/4 | €7,763 | €4,194 | -€3,569 | -46.0% |
| Taxes, remuneration and social security | 45 | €8,879 | €11,573 | +€2,694 | +30.3% |
| Taxes | 450/3 | €7,129 | €9,823 | +€2,694 | +37.8% |
| Remuneration and social security | 454/9 | €1,750 | €1,750 | = | 0.0% |
| Other amounts payable | 47/48 | €6,627 | €3,959 | -€2,668 | -40.3% |
| Accrued charges and deferred income | 492/3 | €240 | €413 | +€173 | +71.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,753 | €8,730 | -€1,023 | -10.5% |
| Other operating charges | 640/8 | €3,386 | €1,397 | -€1,989 | -58.7% |
| Gross operating margin | 9900 | €31,371 | €11,140 | -€20,231 | -64.5% |
| Operating profit (loss) | 9901 | €18,232 | €1,013 | -€17,219 | -94.4% |
| Financial income | 75/76B | €842 | €631 | -€211 | -25.1% |
| Recurring financial income | 75 | €842 | €631 | -€211 | -25.1% |
| Financial charges | 65/66B | €1,344 | €1,834 | +€490 | +36.5% |
| Recurring financial charges | 65 | €1,344 | €1,834 | +€490 | +36.5% |
| Profit (loss) for the period before taxes | 9903 | €17,730 | -€190 | -€17,921 | |
| Income taxes | 67/77 | €4,514 | €827 | -€3,687 | -81.7% |
| Profit (loss) for the period | 9904 | €13,217 | -€1,017 | -€14,234 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,217 | -€1,017 | -€14,234 |
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 14 October 2026 via checked.be.