Delmee - Van Pevenage: 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.
Delmee - Van Pevenage
Largest movements
- Cash +€36,013
up €36,013 (+58.8%), from €61,210 to €97,223
mainly Net result for the year (+€48,169) and Receivables within one year (+€28,975)
- Receivables within one year -€28,975
down €28,975 (-45.8%), from €63,240 to €34,265
of which Trade receivables: -€27,080
- Tangible fixed assets +€18,612
up €18,612 (+3,127%), from €595 to €19,207
of which Furniture and vehicles: +€16,794
- Reserves +€48,169
up €48,169 (+60.1%), from €80,173 to €128,342
- Tax, wage and social debts -€22,754
down €22,754 (-50.0%), from €45,516 to €22,762
- Gross operating margin +€8,012
up €8,012 (+12.7%), from €63,026 to €71,038
- Taxes +€1,705
up €1,705 (+10.1%), from €16,834 to €18,539
- Depreciation +€933
up €933 (+92.8%), from €1,005 to €1,939
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 | €129,376 | €154,370 | +€24,994 | +19.3% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €595 | €19,207 | +€18,612 | +3,127% |
| Tangible fixed assets | 22/27 | €595 | €19,207 | +€18,612 | +3,127% |
| Plant, machinery and equipment | 23 | €595 | €2,413 | +€1,818 | +305% |
| Furniture and vehicles | 24 | - | €16,794 | +€16,794 | |
| Current assets | 29/58 | €128,781 | €135,163 | +€6,382 | +5.0% |
| Amounts receivable within one year | 40/41 | €63,240 | €34,265 | -€28,975 | -45.8% |
| Trade receivables | 40 | €60,186 | €33,106 | -€27,080 | -45.0% |
| Other amounts receivable | 41 | €3,054 | €1,159 | -€1,895 | -62.0% |
| Cash at bank and in hand | 54/58 | €61,210 | €97,223 | +€36,013 | +58.8% |
| Deferred charges and accrued income | 490/1 | €4,331 | €3,675 | -€656 | -15.1% |
| Total equity and liabilities | 10/49 | €129,376 | €154,370 | +€24,994 | +19.3% |
| Equity | 10/15 | €81,173 | €129,342 | +€48,169 | +59.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €80,173 | €128,342 | +€48,169 | +60.1% |
| Distributable reserves | 133 | €80,173 | €128,342 | +€48,169 | +60.1% |
| Amounts payable | 17/49 | €48,203 | €25,028 | -€23,175 | -48.1% |
| Amounts payable within one year | 42/48 | €48,203 | €25,028 | -€23,175 | -48.1% |
| Trade debts | 44 | €2,687 | €2,266 | -€421 | -15.7% |
| Suppliers | 440/4 | €2,687 | €2,266 | -€421 | -15.7% |
| Taxes, remuneration and social security | 45 | €45,516 | €22,762 | -€22,754 | -50.0% |
| Taxes | 450/3 | €45,516 | €22,762 | -€22,754 | -50.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,005 | €1,939 | +€933 | +92.8% |
| Other operating charges | 640/8 | €627 | €585 | -€42 | -6.7% |
| Gross operating margin | 9900 | €63,026 | €71,038 | +€8,012 | +12.7% |
| Operating profit (loss) | 9901 | €61,394 | €68,514 | +€7,120 | +11.6% |
| Financial income | 75/76B | €69 | €66 | -€3 | -3.8% |
| Recurring financial income | 75 | €69 | €66 | -€3 | -3.8% |
| Financial charges | 65/66B | €1,517 | €1,872 | +€356 | +23.4% |
| Recurring financial charges | 65 | €1,517 | €1,872 | +€356 | +23.4% |
| Profit (loss) for the period before taxes | 9903 | €59,945 | €66,707 | +€6,762 | +11.3% |
| Income taxes | 67/77 | €16,834 | €18,539 | +€1,705 | +10.1% |
| Profit (loss) for the period | 9904 | €43,112 | €48,169 | +€5,057 | +11.7% |
| Profit (loss) for the period to be appropriated | 9905 | €43,112 | €48,169 | +€5,057 | +11.7% |
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 27 October 2026 via checked.be.