DELOBOUW: 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.
DELOBOUW
Largest movements
- Tangible fixed assets +€30,456
up €30,456 (+132%), from €23,129 to €53,585
of which Furniture and vehicles: +€27,954
- Receivables within one year -€9,492
down €9,492 (-42.3%), from €22,442 to €12,949
of which Trade receivables: -€19,210
- Stocks and contracts +€7,500
new in 2025: €7,500
- Cash -€3,416
down €3,416 (-6.1%), from €55,829 to €52,413
mainly Investment in fixed assets (net) (-€39,845) and Tax, wage and social debts (-€9,103)
- Trade debts +€24,151
up €24,151 (+366%), from €6,607 to €30,759
- Reserves +€16,433
up €16,433 (+29.3%), from €56,044 to €72,477
- Tax, wage and social debts -€9,103
down €9,103 (-96.6%), from €9,425 to €322
- Debts after one year -€7,232
down €7,232 (-46.6%), from €15,510 to €8,277
- Gross operating margin -€13,713
down €13,713 (-27.6%), from €49,696 to €35,983
- Financial charges -€9,280
down €9,280 (-84.3%), from €11,011 to €1,731
- Depreciation +€4,167
up €4,167 (+79.8%), from €5,222 to €9,389
- Taxes +€2,930
up €2,930 (+59.9%), from €4,892 to €7,822
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 | €101,401 | €126,448 | +€25,047 | +24.7% |
| Fixed assets | 21/28 | €23,129 | €53,585 | +€30,456 | +132% |
| Tangible fixed assets | 22/27 | €23,129 | €53,585 | +€30,456 | +132% |
| Plant, machinery and equipment | 23 | - | €2,502 | +€2,502 | |
| Furniture and vehicles | 24 | €23,129 | €51,083 | +€27,954 | +121% |
| Current assets | 29/58 | €78,271 | €72,863 | -€5,409 | -6.9% |
| Stocks and contracts in progress | 3 | - | €7,500 | +€7,500 | |
| Contracts in progress | 37 | - | €7,500 | +€7,500 | |
| Amounts receivable within one year | 40/41 | €22,442 | €12,949 | -€9,492 | -42.3% |
| Trade receivables | 40 | €20,817 | €1,607 | -€19,210 | -92.3% |
| Other amounts receivable | 41 | €1,625 | €11,343 | +€9,718 | +598% |
| Cash at bank and in hand | 54/58 | €55,829 | €52,413 | -€3,416 | -6.1% |
| Total equity and liabilities | 10/49 | €101,401 | €126,448 | +€25,047 | +24.7% |
| Equity | 10/15 | €62,244 | €78,677 | +€16,433 | +26.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €56,044 | €72,477 | +€16,433 | +29.3% |
| Distributable reserves | 133 | €56,044 | €72,477 | +€16,433 | +29.3% |
| Amounts payable | 17/49 | €39,156 | €47,770 | +€8,614 | +22.0% |
| Amounts payable after more than one year | 17 | €15,510 | €8,277 | -€7,232 | -46.6% |
| Financial debts | 170/4 | €15,510 | €8,277 | -€7,232 | -46.6% |
| Amounts payable within one year | 42/48 | €23,647 | €39,299 | +€15,652 | +66.2% |
| Current portion of amounts payable after more than one year | 42 | €6,861 | €7,232 | +€371 | +5.4% |
| Trade debts | 44 | €6,607 | €30,759 | +€24,151 | +366% |
| Suppliers | 440/4 | €6,607 | €30,759 | +€24,151 | +366% |
| Taxes, remuneration and social security | 45 | €9,425 | €322 | -€9,103 | -96.6% |
| Taxes | 450/3 | €9,425 | €322 | -€9,103 | -96.6% |
| Other amounts payable | 47/48 | €753 | €985 | +€232 | +30.9% |
| Accrued charges and deferred income | 492/3 | - | €194 | +€194 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,222 | €9,389 | +€4,167 | +79.8% |
| Other operating charges | 640/8 | €564 | €678 | +€114 | +20.2% |
| Gross operating margin | 9900 | €49,696 | €35,983 | -€13,713 | -27.6% |
| Operating profit (loss) | 9901 | €43,909 | €25,915 | -€17,994 | -41.0% |
| Financial income | 75/76B | €74 | €72 | -€2 | -2.9% |
| Recurring financial income | 75 | €74 | €72 | -€2 | -2.9% |
| Financial charges | 65/66B | €11,011 | €1,731 | -€9,280 | -84.3% |
| Recurring financial charges | 65 | €11,011 | €1,731 | -€9,280 | -84.3% |
| Profit (loss) for the period before taxes | 9903 | €32,972 | €24,256 | -€8,717 | -26.4% |
| Income taxes | 67/77 | €4,892 | €7,822 | +€2,930 | +59.9% |
| Profit (loss) for the period | 9904 | €28,080 | €16,433 | -€11,647 | -41.5% |
| Profit (loss) for the period to be appropriated | 9905 | €28,080 | €16,433 | -€11,647 | -41.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.