DELODDER PATRICK: what changed
Two fiscal 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.
DELODDER PATRICK
Largest movements
- Receivables within one year +€13,139
up €13,139 (+184.4%), from €7,127 to €20,266
of which Trade receivables: +€10,600
- Cash +€12,555
up €12,555 (+112.4%), from €11,167 to €23,722
mainly Depreciation (+€13,037) and Net result for the year (+€12,659)
- Tangible fixed assets -€11,890
down €11,890 (-23.1%), from €51,393 to €39,504
of which Furniture and vehicles: -€11,076
- Deferred charges and accrued income -€4,047
down €4,047 (-86.1%), from €4,700 to €654
- Stocks and contracts -€3,942
no longer reported in 2025 (was €3,942)
- Reserves +€12,659
up €12,659 (+39.7%), from €31,860 to €44,519
of which Distributable reserves: +€12,659
- Debts after one year -€6,054
down €6,054 (-35.0%), from €17,300 to €11,246
- Trade debts -€5,601
down €5,601 (-95.0%), from €5,896 to €295
- Tax, wage and social debts +€4,555
up €4,555 (+2537.9%), from €179 to €4,735
- Gross operating margin +€22,187
up €22,187 (+229.8%), from €9,654 to €31,840
- Taxes +€4,549
up €4,549 (+2534.2%), from €179 to €4,728
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 | €78,329 | €84,146 | +€5,816 | +7.4% |
| Fixed assets | 21/28 | €51,393 | €39,504 | -€11,890 | -23.1% |
| Tangible fixed assets | 22/27 | €51,393 | €39,504 | -€11,890 | -23.1% |
| Plant, machinery and equipment | 23 | €6,946 | €6,133 | -€813 | -11.7% |
| Furniture and vehicles | 24 | €44,447 | €33,371 | -€11,076 | -24.9% |
| Current assets | 29/58 | €26,936 | €44,642 | +€17,706 | +65.7% |
| Stocks and contracts in progress | 3 | €3,942 | - | -€3,942 | |
| Contracts in progress | 37 | €3,942 | - | -€3,942 | |
| Amounts receivable within one year | 40/41 | €7,127 | €20,266 | +€13,139 | +184.4% |
| Trade receivables | 40 | - | €10,600 | +€10,600 | |
| Other amounts receivable | 41 | €7,127 | €9,666 | +€2,539 | +35.6% |
| Cash at bank and in hand | 54/58 | €11,167 | €23,722 | +€12,555 | +112.4% |
| Deferred charges and accrued income | 490/1 | €4,700 | €654 | -€4,047 | -86.1% |
| Total equity and liabilities | 10/49 | €78,329 | €84,146 | +€5,816 | +7.4% |
| Equity | 10/15 | €49,156 | €61,815 | +€12,659 | +25.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Outside capital | 11 | €12,400 | €12,400 | = | 0.0% |
| Other | 1109/19 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €31,860 | €44,519 | +€12,659 | +39.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €30,000 | €42,659 | +€12,659 | +42.2% |
| Profit (loss) carried forward | 14 | €4,896 | €4,896 | = | 0.0% |
| Amounts payable | 17/49 | €29,173 | €22,330 | -€6,843 | -23.5% |
| Amounts payable after more than one year | 17 | €17,300 | €11,246 | -€6,054 | -35.0% |
| Financial debts | 170/4 | €17,300 | €11,246 | -€6,054 | -35.0% |
| Amounts payable within one year | 42/48 | €11,873 | €11,084 | -€789 | -6.6% |
| Current portion of amounts payable after more than one year | 42 | €5,797 | €6,054 | +€257 | +4.4% |
| Trade debts | 44 | €5,896 | €295 | -€5,601 | -95.0% |
| Suppliers | 440/4 | €5,896 | €295 | -€5,601 | -95.0% |
| Taxes, remuneration and social security | 45 | €179 | €4,735 | +€4,555 | +2537.9% |
| Taxes | 450/3 | €179 | €4,735 | +€4,555 | +2537.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,321 | €13,037 | -€284 | -2.1% |
| Other operating charges | 640/8 | €768 | €607 | -€161 | -20.9% |
| Gross operating margin | 9900 | €9,654 | €31,840 | +€22,187 | +229.8% |
| Operating profit (loss) | 9901 | -€4,435 | €18,196 | +€22,631 | |
| Financial income | 75/76B | €0 | €152 | +€152 | +50666.7% |
| Recurring financial income | 75 | €0 | €152 | +€152 | +50666.7% |
| Financial charges | 65/66B | €1,226 | €961 | -€264 | -21.6% |
| Recurring financial charges | 65 | €1,226 | €961 | -€264 | -21.6% |
| Profit (loss) for the period before taxes | 9903 | -€5,661 | €17,387 | +€23,048 | |
| Income taxes | 67/77 | €179 | €4,728 | +€4,549 | +2534.2% |
| Profit (loss) for the period | 9904 | -€5,840 | €12,659 | +€18,499 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,840 | €12,659 | +€18,499 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.