DELO SERVICES: 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.
DELO SERVICES
Largest movements
- Receivables within one year +€4,364
up €4,364 (+37.4%), from €11,659 to €16,024
of which Other amounts receivable: +€3,118
- Cash -€2,991
down €2,991 (-8.6%), from €34,629 to €31,637
mainly Contributions, distributions and other (-€50,000) and Investment in fixed assets (net) (-€17,463)
- Other debts +€50,255
up €50,255 (+2,744%), from €1,831 to €52,086
- Reserves -€33,716
down €33,716 (-78.7%), from €42,817 to €9,100
- Debts after one year -€11,241
down €11,241 (-50.4%), from €22,324 to €11,083
- Tax, wage and social debts -€4,288
down €4,288 (-100%), from €4,288 to €0
of which Remuneration and social security: -€2,262
- Trade debts -€1,027
down €1,027 (-61.3%), from €1,676 to €649
- Depreciation +€1,961
up €1,961 (+12.4%), from €15,813 to €17,773
- Other operating charges +€1,038
up €1,038 (+75.5%), from €1,375 to €2,413
- Financial charges -€623
down €623 (-36.5%), from €1,706 to €1,083
- Taxes -€607
down €607 (-10.5%), from €5,769 to €5,162
- Gross operating margin +€552
up €552 (+1.3%), from €42,160 to €42,712
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 | €88,879 | €89,472 | +€592 | +0.7% |
| Fixed assets | 21/28 | €39,763 | €39,453 | -€310 | -0.8% |
| Tangible fixed assets | 22/27 | €39,763 | €39,453 | -€310 | -0.8% |
| Furniture and vehicles | 24 | €7,888 | €19,697 | +€11,809 | +150% |
| Leasing and similar rights | 25 | €31,875 | €19,756 | -€12,119 | -38.0% |
| Current assets | 29/58 | €49,117 | €50,019 | +€902 | +1.8% |
| Amounts receivable within one year | 40/41 | €11,659 | €16,024 | +€4,364 | +37.4% |
| Trade receivables | 40 | €11,416 | €12,663 | +€1,247 | +10.9% |
| Other amounts receivable | 41 | €243 | €3,361 | +€3,118 | +1,282% |
| Cash at bank and in hand | 54/58 | €34,629 | €31,637 | -€2,991 | -8.6% |
| Deferred charges and accrued income | 490/1 | €2,828 | €2,358 | -€470 | -16.6% |
| Total equity and liabilities | 10/49 | €88,879 | €89,472 | +€592 | +0.7% |
| Equity | 10/15 | €47,817 | €14,100 | -€33,716 | -70.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €42,817 | €9,100 | -€33,716 | -78.7% |
| Distributable reserves | 133 | €42,817 | €9,100 | -€33,716 | -78.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €41,063 | €75,371 | +€34,308 | +83.6% |
| Amounts payable after more than one year | 17 | €22,324 | €11,083 | -€11,241 | -50.4% |
| Financial debts | 170/4 | €22,324 | €11,083 | -€11,241 | -50.4% |
| Amounts payable within one year | 42/48 | €18,739 | €64,288 | +€45,549 | +243% |
| Current portion of amounts payable after more than one year | 42 | €10,903 | €11,241 | +€338 | +3.1% |
| Financial debts | 43 | €41 | €312 | +€271 | +659% |
| Credit institutions | 430/8 | €41 | €0 | -€41 | -100% |
| Other loans | 439 | - | €312 | +€312 | |
| Trade debts | 44 | €1,676 | €649 | -€1,027 | -61.3% |
| Suppliers | 440/4 | €1,676 | €649 | -€1,027 | -61.3% |
| Taxes, remuneration and social security | 45 | €4,288 | €0 | -€4,288 | -100% |
| Taxes | 450/3 | €2,026 | €0 | -€2,026 | -100% |
| Remuneration and social security | 454/9 | €2,262 | €0 | -€2,262 | -100% |
| Other amounts payable | 47/48 | €1,831 | €52,086 | +€50,255 | +2,744% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,813 | €17,773 | +€1,961 | +12.4% |
| Other operating charges | 640/8 | €1,375 | €2,413 | +€1,038 | +75.5% |
| Gross operating margin | 9900 | €42,160 | €42,712 | +€552 | +1.3% |
| Operating profit (loss) | 9901 | €24,972 | €22,526 | -€2,446 | -9.8% |
| Financial income | 75/76B | €15 | €2 | -€13 | -86.6% |
| Recurring financial income | 75 | €15 | €2 | -€13 | -86.6% |
| Financial charges | 65/66B | €1,706 | €1,083 | -€623 | -36.5% |
| Recurring financial charges | 65 | €1,706 | €1,083 | -€623 | -36.5% |
| Profit (loss) for the period before taxes | 9903 | €23,281 | €21,445 | -€1,836 | -7.9% |
| Income taxes | 67/77 | €5,769 | €5,162 | -€607 | -10.5% |
| Profit (loss) for the period | 9904 | €17,512 | €16,284 | -€1,229 | -7.0% |
| Profit (loss) for the period to be appropriated | 9905 | €17,512 | €16,284 | -€1,229 | -7.0% |
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 13 October 2026 via checked.be.