DELNI: 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.
DELNI
Largest movements
- Tangible fixed assets -€34,150
down €34,150 (-6.2%), from €553,708 to €519,558
of which Land and buildings: -€36,217
- Stocks and contracts +€20,709
up €20,709 (+12.4%), from €166,694 to €187,403
- Cash +€15,123
up €15,123 (+77.5%), from €19,508 to €34,631
mainly Depreciation (+€44,994) and Net result for the year (+€24,754)
- Other debts -€30,254
down €30,254 (-15.0%), from €202,011 to €171,757
- Reserves +€24,754
up €24,754 (+29.6%), from €83,718 to €108,472
- Debts after one year -€24,265
down €24,265 (-6.3%), from €385,899 to €361,634
of which Financial debts: -€24,265
- Trade debts +€16,171
up €16,171 (+44.8%), from €36,121 to €52,292
- Gross operating margin +€13,880
up €13,880 (+8.1%), from €170,560 to €184,439
- Staff costs +€3,133
up €3,133 (+3.3%), from €94,418 to €97,551
- Taxes +€2,398
up €2,398 (+1,873%), from €128 to €2,526
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 | €778,182 | €772,108 | -€6,074 | -0.8% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €580,211 | €541,061 | -€39,150 | -6.7% |
| Intangible fixed assets | 21 | €26,243 | €21,243 | -€5,000 | -19.1% |
| Tangible fixed assets | 22/27 | €553,708 | €519,558 | -€34,150 | -6.2% |
| Land and buildings | 22 | €550,179 | €513,962 | -€36,217 | -6.6% |
| Furniture and vehicles | 24 | €3,107 | €4,079 | +€972 | +31.3% |
| Other tangible fixed assets | 26 | €423 | €1,517 | +€1,095 | +259% |
| Financial fixed assets | 28 | €260 | €260 | = | 0.0% |
| Current assets | 29/58 | €197,971 | €231,047 | +€33,076 | +16.7% |
| Stocks and contracts in progress | 3 | €166,694 | €187,403 | +€20,709 | +12.4% |
| Stocks | 30/36 | €166,694 | €187,403 | +€20,709 | +12.4% |
| Amounts receivable within one year | 40/41 | €2,545 | €3,045 | +€500 | +19.7% |
| Trade receivables | 40 | €1,789 | €2,395 | +€606 | +33.9% |
| Other amounts receivable | 41 | €756 | €650 | -€106 | -14.0% |
| Cash at bank and in hand | 54/58 | €19,508 | €34,631 | +€15,123 | +77.5% |
| Deferred charges and accrued income | 490/1 | €9,224 | €5,968 | -€3,255 | -35.3% |
| Total equity and liabilities | 10/49 | €778,182 | €772,108 | -€6,074 | -0.8% |
| Equity | 10/15 | €88,718 | €113,472 | +€24,754 | +27.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €83,718 | €108,472 | +€24,754 | +29.6% |
| Distributable reserves | 133 | €83,718 | €108,472 | +€24,754 | +29.6% |
| Amounts payable | 17/49 | €689,464 | €658,636 | -€30,827 | -4.5% |
| Amounts payable after more than one year | 17 | €385,899 | €361,634 | -€24,265 | -6.3% |
| Financial debts | 170/4 | €384,619 | €360,354 | -€24,265 | -6.3% |
| Other amounts payable | 178/9 | €1,280 | €1,280 | = | 0.0% |
| Amounts payable within one year | 42/48 | €303,564 | €297,002 | -€6,562 | -2.2% |
| Current portion of amounts payable after more than one year | 42 | €23,674 | €24,265 | +€591 | +2.5% |
| Financial debts | 43 | €0 | €677 | +€677 | |
| Credit institutions | 430/8 | €0 | €677 | +€677 | |
| Trade debts | 44 | €36,121 | €52,292 | +€16,171 | +44.8% |
| Suppliers | 440/4 | €36,121 | €52,292 | +€16,171 | +44.8% |
| Advances received on contracts in progress | 46 | €15,012 | €21,246 | +€6,234 | +41.5% |
| Taxes, remuneration and social security | 45 | €26,746 | €26,765 | +€19 | +0.1% |
| Taxes | 450/3 | €13,552 | €16,006 | +€2,455 | +18.1% |
| Remuneration and social security | 454/9 | €13,195 | €10,759 | -€2,436 | -18.5% |
| Other amounts payable | 47/48 | €202,011 | €171,757 | -€30,254 | -15.0% |
| Accrued charges and deferred income | 492/3 | €0 | €0 | = | |
| Remuneration, social security and pensions | 62 | €94,418 | €97,551 | +€3,133 | +3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,052 | €44,994 | -€58 | -0.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €0 | = | |
| Other operating charges | 640/8 | €5,178 | €3,710 | -€1,468 | -28.3% |
| Non-recurring operating charges | 66A | - | €0 | = | |
| Gross operating margin | 9900 | €170,560 | €184,439 | +€13,880 | +8.1% |
| Operating profit (loss) | 9901 | €25,912 | €38,184 | +€12,272 | +47.4% |
| Financial income | 75/76B | €2,299 | €2,505 | +€207 | +9.0% |
| Recurring financial income | 75 | €2,299 | €2,505 | +€207 | +9.0% |
| Financial charges | 65/66B | €13,973 | €13,410 | -€563 | -4.0% |
| Recurring financial charges | 65 | €13,973 | €13,410 | -€563 | -4.0% |
| Profit (loss) for the period before taxes | 9903 | €14,238 | €27,280 | +€13,042 | +91.6% |
| Income taxes | 67/77 | €128 | €2,526 | +€2,398 | +1,873% |
| Profit (loss) for the period | 9904 | €14,110 | €24,754 | +€10,644 | +75.4% |
| Profit (loss) for the period to be appropriated | 9905 | €14,110 | €24,754 | +€10,644 | +75.4% |
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 17 October 2026 via checked.be.