DELMOTTE: 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.
DELMOTTE
Largest movements
- Cash -€33,467
down €33,467 (-16.7%), from €200,772 to €167,305
mainly Contributions, distributions and other (-€60,500) and Investment in fixed assets (net) (-€24,844)
- Receivables within one year -€11,623
down €11,623 (-53.0%), from €21,913 to €10,291
of which Trade receivables: -€9,704
- Other debts -€23,000
no longer reported in 2025 (was €23,000)
- Reserves -€11,860
down €11,860 (-4.2%), from €284,835 to €272,974
of which Distributable reserves: -€10,500
- Accrued charges and deferred income -€9,072
down €9,072 (-90.8%), from €9,986 to €914
- Financial income -€47,045
down €47,045 (-96.1%), from €48,962 to €1,918
of which Non-recurring financial income: -€47,788
- Gross operating margin +€39,885
up €39,885 (+59.5%), from €67,007 to €106,891
- Turnover -€31,964
down €31,964 (-28.4%), from €112,488 to €80,524
- Other operating charges -€4,683
down €4,683 (-29.7%), from €15,771 to €11,088
- Financial charges +€1,556
up €1,556 (+354%), from €439 to €1,996
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 | €549,845 | €505,487 | -€44,358 | -8.1% |
| Fixed assets | 21/28 | €327,160 | €327,891 | +€732 | +0.2% |
| Tangible fixed assets | 22/27 | €327,160 | €327,891 | +€732 | +0.2% |
| Land and buildings | 22 | €309,417 | €316,365 | +€6,949 | +2.2% |
| Furniture and vehicles | 24 | €17,743 | €11,526 | -€6,217 | -35.0% |
| Current assets | 29/58 | €222,685 | €177,596 | -€45,089 | -20.2% |
| Amounts receivable within one year | 40/41 | €21,913 | €10,291 | -€11,623 | -53.0% |
| Trade receivables | 40 | €17,590 | €7,885 | -€9,704 | -55.2% |
| Other amounts receivable | 41 | €4,324 | €2,405 | -€1,918 | -44.4% |
| Cash at bank and in hand | 54/58 | €200,772 | €167,305 | -€33,467 | -16.7% |
| Total equity and liabilities | 10/49 | €549,845 | €505,487 | -€44,358 | -8.1% |
| Equity | 10/15 | €506,151 | €494,709 | -€11,441 | -2.3% |
| 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 | €284,835 | €272,974 | -€11,860 | -4.2% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €11,335 | €9,974 | -€1,360 | -12.0% |
| Distributable reserves | 133 | €267,300 | €256,800 | -€10,500 | -3.9% |
| Profit (loss) carried forward | 14 | €159,316 | €159,735 | +€419 | +0.3% |
| Provisions and deferred taxes | 16 | €4,594 | €4,043 | -€551 | -12.0% |
| Deferred taxes | 168 | €4,594 | €4,043 | -€551 | -12.0% |
| Amounts payable | 17/49 | €39,100 | €6,735 | -€32,365 | -82.8% |
| Amounts payable within one year | 42/48 | €29,114 | €5,820 | -€23,293 | -80.0% |
| Trade debts | 44 | €3,614 | €2,841 | -€773 | -21.4% |
| Suppliers | 440/4 | €3,614 | €2,841 | -€773 | -21.4% |
| Taxes, remuneration and social security | 45 | €2,500 | €2,979 | +€479 | +19.2% |
| Taxes | 450/3 | - | €2,979 | +€2,979 | |
| Remuneration and social security | 454/9 | €2,500 | - | -€2,500 | |
| Other amounts payable | 47/48 | €23,000 | - | -€23,000 | |
| Accrued charges and deferred income | 492/3 | €9,986 | €914 | -€9,072 | -90.8% |
| Turnover | 70 | €112,488 | €80,524 | -€31,964 | -28.4% |
| Non-recurring operating income | 76A | €10,117 | €20,839 | +€10,722 | +106% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,750 | €24,112 | -€638 | -2.6% |
| Other operating charges | 640/8 | €15,771 | €11,088 | -€4,683 | -29.7% |
| Gross operating margin | 9900 | €67,007 | €106,891 | +€39,885 | +59.5% |
| Operating profit (loss) | 9901 | €26,486 | €71,691 | +€45,205 | +171% |
| Financial income | 75/76B | €48,962 | €1,918 | -€47,045 | -96.1% |
| Recurring financial income | 75 | €1,174 | €1,918 | +€743 | +63.3% |
| Non-recurring financial income | 76B | €47,788 | - | -€47,788 | |
| Financial charges | 65/66B | €439 | €1,996 | +€1,556 | +354% |
| Recurring financial charges | 65 | €439 | €1,996 | +€1,556 | +354% |
| Profit (loss) for the period before taxes | 9903 | €75,010 | €71,613 | -€3,396 | -4.5% |
| Transfer from deferred taxes | 780 | €551 | €551 | = | 0.0% |
| Income taxes | 67/77 | €22,075 | €23,106 | +€1,030 | +4.7% |
| Profit (loss) for the period | 9904 | €53,485 | €49,059 | -€4,427 | -8.3% |
| Transfer from tax-exempt reserves | 789 | €1,360 | €1,360 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €54,846 | €50,419 | -€4,427 | -8.1% |
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 19 October 2026 via checked.be.