DELMAN: 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.
DELMAN
Largest movements
- Deferred charges and accrued income +€41,533
up €41,533 (+266.0%), from €15,616 to €57,149
- Receivables within one year -€35,002
down €35,002 (-80.8%), from €43,319 to €8,317
of which Trade receivables: -€32,864
- Cash +€23,966
up €23,966 (+53.8%), from €44,558 to €68,524
mainly Net result for the year (+€49,780) and Receivables within one year (+€35,002)
- Tangible fixed assets -€23,413
down €23,413 (-6.9%), from €340,406 to €316,994
of which Land and buildings: -€23,068
- Profit (loss) carried forward +€49,780
up €49,780 (+9.5%), from €526,566 to €576,346
- Trade debts -€41,119
down €41,119 (-99.8%), from €41,188 to €70
- Depreciation -€27,031
down €27,031 (-53.6%), from €50,444 to €23,413
- Gross operating margin -€6,792
down €6,792 (-6.2%), from €110,221 to €103,429
- Taxes +€4,965
up €4,965 (+41.7%), from €11,901 to €16,866
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €644,417 | €651,502 | +€7,085 | +1.1% |
| Fixed assets | 21/28 | €540,925 | €517,512 | -€23,413 | -4.3% |
| Tangible fixed assets | 22/27 | €340,406 | €316,994 | -€23,413 | -6.9% |
| Land and buildings | 22 | €339,469 | €316,401 | -€23,068 | -6.8% |
| Furniture and vehicles | 24 | €938 | €593 | -€345 | -36.8% |
| Financial fixed assets | 28 | €200,518 | €200,518 | = | 0.0% |
| Current assets | 29/58 | €103,493 | €133,990 | +€30,497 | +29.5% |
| Amounts receivable within one year | 40/41 | €43,319 | €8,317 | -€35,002 | -80.8% |
| Trade receivables | 40 | €36,082 | €3,218 | -€32,864 | -91.1% |
| Other amounts receivable | 41 | €7,236 | €5,099 | -€2,137 | -29.5% |
| Cash at bank and in hand | 54/58 | €44,558 | €68,524 | +€23,966 | +53.8% |
| Deferred charges and accrued income | 490/1 | €15,616 | €57,149 | +€41,533 | +266.0% |
| Total equity and liabilities | 10/49 | €644,417 | €651,502 | +€7,085 | +1.1% |
| Equity | 10/15 | €600,786 | €650,566 | +€49,780 | +8.3% |
| 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 | €12,220 | €12,220 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,220 | €12,220 | = | 0.0% |
| Legal reserve | 130 | €12,220 | €12,220 | = | 0.0% |
| Profit (loss) carried forward | 14 | €526,566 | €576,346 | +€49,780 | +9.5% |
| Amounts payable | 17/49 | €43,632 | €936 | -€42,696 | -97.9% |
| Amounts payable within one year | 42/48 | €43,632 | €936 | -€42,696 | -97.9% |
| Trade debts | 44 | €41,188 | €70 | -€41,119 | -99.8% |
| Suppliers | 440/4 | €41,188 | €70 | -€41,119 | -99.8% |
| Taxes, remuneration and social security | 45 | - | €866 | +€866 | |
| Taxes | 450/3 | - | €866 | +€866 | |
| Other amounts payable | 47/48 | €2,443 | - | -€2,443 | |
| Non-recurring operating income | 76A | €1 | €2,439 | +€2,438 | +251355.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,444 | €23,413 | -€27,031 | -53.6% |
| Other operating charges | 640/8 | €12,109 | €12,702 | +€593 | +4.9% |
| Gross operating margin | 9900 | €110,221 | €103,429 | -€6,792 | -6.2% |
| Operating profit (loss) | 9901 | €47,668 | €67,314 | +€19,646 | +41.2% |
| Financial charges | 65/66B | €63 | €668 | +€605 | +959.5% |
| Recurring financial charges | 65 | €63 | €668 | +€605 | +959.5% |
| Profit (loss) for the period before taxes | 9903 | €47,605 | €66,647 | +€19,042 | +40.0% |
| Income taxes | 67/77 | €11,901 | €16,866 | +€4,965 | +41.7% |
| Profit (loss) for the period | 9904 | €35,704 | €49,780 | +€14,077 | +39.4% |
| Profit (loss) for the period to be appropriated | 9905 | €35,704 | €49,780 | +€14,077 | +39.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.