DELNEO: 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.
DELNEO
Largest movements
- Receivables within one year +€4,351
up €4,351, from €0 to €4,351
of which Trade receivables: +€3,929
- Stocks and contracts -€3,798
down €3,798 (-21.8%), from €17,418 to €13,620
- Deferred charges and accrued income -€1,387
down €1,387 (-84.1%), from €1,650 to €263
- Cash -€688
down €688 (-2.4%), from €28,410 to €27,722
mainly Receivables within one year (-€4,351) and Contributions, distributions and other (-€3,669)
- Trade debts -€2,984
down €2,984 (-38.0%), from €7,862 to €4,878
- Other debts +€940
up €940 (+448%), from €210 to €1,150
- Tax, wage and social debts +€724
up €724 (+14.1%), from €5,152 to €5,876
- Gross operating margin -€2,071
down €2,071 (-24.4%), from €8,484 to €6,413
- Taxes -€636
down €636 (-26.4%), from €2,406 to €1,770
- Depreciation -€309
down €309 (-100%), from €309 to €0
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 | €47,478 | €45,956 | -€1,522 | -3.2% |
| Fixed assets | 21/28 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €47,478 | €45,956 | -€1,522 | -3.2% |
| Stocks and contracts in progress | 3 | €17,418 | €13,620 | -€3,798 | -21.8% |
| Stocks | 30/36 | €17,418 | €13,620 | -€3,798 | -21.8% |
| Amounts receivable within one year | 40/41 | €0 | €4,351 | +€4,351 | |
| Trade receivables | 40 | - | €3,929 | +€3,929 | |
| Other amounts receivable | 41 | €0 | €422 | +€422 | |
| Cash at bank and in hand | 54/58 | €28,410 | €27,722 | -€688 | -2.4% |
| Deferred charges and accrued income | 490/1 | €1,650 | €263 | -€1,387 | -84.1% |
| Total equity and liabilities | 10/49 | €47,478 | €45,956 | -€1,522 | -3.2% |
| Equity | 10/15 | €34,180 | €34,052 | -€129 | -0.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €27,879 | €27,750 | -€129 | -0.5% |
| Distributable reserves | 133 | €27,879 | €27,750 | -€129 | -0.5% |
| Profit (loss) carried forward | 14 | €101 | €101 | = | 0.0% |
| Amounts payable | 17/49 | €13,298 | €11,904 | -€1,393 | -10.5% |
| Amounts payable within one year | 42/48 | €13,224 | €11,904 | -€1,319 | -10.0% |
| Trade debts | 44 | €7,862 | €4,878 | -€2,984 | -38.0% |
| Suppliers | 440/4 | €7,862 | €4,878 | -€2,984 | -38.0% |
| Taxes, remuneration and social security | 45 | €5,152 | €5,876 | +€724 | +14.1% |
| Taxes | 450/3 | €5,152 | €5,876 | +€724 | +14.1% |
| Other amounts payable | 47/48 | €210 | €1,150 | +€940 | +448% |
| Accrued charges and deferred income | 492/3 | €74 | €0 | -€74 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €309 | €0 | -€309 | -100% |
| Other operating charges | 640/8 | €532 | €557 | +€25 | +4.7% |
| Gross operating margin | 9900 | €8,484 | €6,413 | -€2,071 | -24.4% |
| Operating profit (loss) | 9901 | €7,643 | €5,856 | -€1,787 | -23.4% |
| Financial income | 75/76B | €114 | €54 | -€60 | -52.5% |
| Recurring financial income | 75 | €114 | €54 | -€60 | -52.5% |
| Financial charges | 65/66B | €646 | €599 | -€47 | -7.3% |
| Recurring financial charges | 65 | €646 | €599 | -€47 | -7.3% |
| Profit (loss) for the period before taxes | 9903 | €7,111 | €5,311 | -€1,800 | -25.3% |
| Income taxes | 67/77 | €2,406 | €1,770 | -€636 | -26.4% |
| Profit (loss) for the period | 9904 | €4,705 | €3,541 | -€1,164 | -24.7% |
| Profit (loss) for the period to be appropriated | 9905 | €4,705 | €3,541 | -€1,164 | -24.7% |
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 26 October 2026 via checked.be.