DELOCONSTRUCT: 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.
DELOCONSTRUCT
Largest movements
- Current investments +€127,665
up €127,665 (+7.9%), from €1.6m to €1.7m
- Profit (loss) carried forward +€179,380
up €179,380 (+38.9%), from €461,163 to €640,543
- Accrued charges and deferred income -€103,637
down €103,637 (-30.8%), from €336,687 to €233,050
- Reserves +€42,100
up €42,100 (+24.7%), from €170,500 to €212,600
of which Tax-exempt reserves: +€42,100
- Gross operating margin -€13,317
down €13,317 (-17.6%), from €75,672 to €62,355
- Financial income +€7,519
up €7,519 (+4.2%), from €180,744 to €188,264
- Taxes -€4,451
down €4,451 (-23.8%), from €18,717 to €14,266
- Financial charges +€2,404
up €2,404 (+444.4%), from €541 to €2,945
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.
Cash bridge derived
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 | €2,397,374 | €2,518,009 | +€120,635 | +5.0% |
| Fixed assets | 21/28 | €17,750 | €9,275 | -€8,474 | -47.7% |
| Tangible fixed assets | 22/27 | €17,750 | €9,275 | -€8,474 | -47.7% |
| Land and buildings | 22 | €16,400 | €8,200 | -€8,200 | -50.0% |
| Plant, machinery and equipment | 23 | €1,285 | €1,075 | -€210 | -16.4% |
| Furniture and vehicles | 24 | €64 | €0 | -€64 | -100.0% |
| Current assets | 29/58 | €2,379,625 | €2,508,734 | +€129,109 | +5.4% |
| Amounts receivable within one year | 40/41 | €11,544 | €11,756 | +€212 | +1.8% |
| Trade receivables | 40 | €9,680 | €9,680 | = | 0.0% |
| Other amounts receivable | 41 | €1,864 | €2,076 | +€212 | +11.4% |
| Current investments | 50/53 | €1,609,648 | €1,737,314 | +€127,665 | +7.9% |
| Cash at bank and in hand | 54/58 | €756,182 | €758,098 | +€1,916 | +0.3% |
| Deferred charges and accrued income | 490/1 | €2,251 | €1,566 | -€684 | -30.4% |
| Total equity and liabilities | 10/49 | €2,397,374 | €2,518,009 | +€120,635 | +5.0% |
| Equity | 10/15 | €2,057,663 | €2,279,143 | +€221,480 | +10.8% |
| Contributions | 10/11 | €1,426,000 | €1,426,000 | = | 0.0% |
| Capital | 10 | €1,426,000 | €1,426,000 | = | 0.0% |
| Issued capital | 100 | €1,426,000 | €1,426,000 | = | 0.0% |
| Reserves | 13 | €170,500 | €212,600 | +€42,100 | +24.7% |
| Non-distributable reserves | 130/1 | €142,600 | €142,600 | = | 0.0% |
| Legal reserve | 130 | €142,600 | €142,600 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €42,100 | +€42,100 | |
| Distributable reserves | 133 | €27,900 | €27,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | €461,163 | €640,543 | +€179,380 | +38.9% |
| Amounts payable | 17/49 | €339,711 | €238,866 | -€100,846 | -29.7% |
| Amounts payable within one year | 42/48 | €3,024 | €5,816 | +€2,792 | +92.3% |
| Trade debts | 44 | €1,375 | €803 | -€573 | -41.6% |
| Suppliers | 440/4 | €1,375 | €803 | -€573 | -41.6% |
| Taxes, remuneration and social security | 45 | €1,649 | €5,013 | +€3,364 | +204.0% |
| Taxes | 450/3 | €1,649 | €5,013 | +€3,364 | +204.0% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €336,687 | €233,050 | -€103,637 | -30.8% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,714 | €8,474 | -€240 | -2.8% |
| Other operating charges | 640/8 | €3,401 | €3,452 | +€51 | +1.5% |
| Gross operating margin | 9900 | €75,672 | €62,355 | -€13,317 | -17.6% |
| Operating profit (loss) | 9901 | €63,557 | €50,428 | -€13,129 | -20.7% |
| Financial income | 75/76B | €180,744 | €188,264 | +€7,519 | +4.2% |
| Recurring financial income | 75 | €180,744 | €188,264 | +€7,519 | +4.2% |
| Financial charges | 65/66B | €541 | €2,945 | +€2,404 | +444.4% |
| Recurring financial charges | 65 | €541 | €2,945 | +€2,404 | +444.4% |
| Profit (loss) for the period before taxes | 9903 | €243,760 | €235,747 | -€8,014 | -3.3% |
| Income taxes | 67/77 | €18,717 | €14,266 | -€4,451 | -23.8% |
| Profit (loss) for the period | 9904 | €225,043 | €221,480 | -€3,563 | -1.6% |
| Transfer to tax-exempt reserves | 689 | - | €42,100 | +€42,100 | |
| Profit (loss) for the period to be appropriated | 9905 | €225,043 | €179,380 | -€45,663 | -20.3% |
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 10 October 2026 via checked.be.