DELODENT: 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.
DELODENT
Largest movements
- Cash -€58,816
down €58,816 (-53.7%), from €109,569 to €50,753
mainly Contributions, distributions and other (-€282,489) and Current portion of long-term debt (-€30,248)
- Tangible fixed assets -€32,951
down €32,951 (-9.4%), from €351,751 to €318,800
of which Furniture and vehicles: -€19,962
- Intangible fixed assets -€31,250
down €31,250 (-44.4%), from €70,313 to €39,063
- Receivables within one year +€14,238
up €14,238 (+1294.4%), from €1,100 to €15,338
of which Other amounts receivable: +€15,328
- Profit (loss) carried forward -€270,674
down €270,674 (-95.8%), from €282,489 to €11,815
- Other debts +€209,992
up €209,992 (+156.9%), from €133,854 to €343,846
- Current portion of long-term debt -€30,248
down €30,248 (-74.7%), from €40,468 to €10,220
- Trade debts -€12,851
down €12,851 (-72.4%), from €17,748 to €4,897
- Debts after one year -€10,220
down €10,220 (-24.2%), from €42,154 to €31,933
- Gross operating margin -€87,554
down €87,554 (-33.1%), from €264,714 to €177,160
- Taxes -€22,420
down €22,420 (-82.8%), from €27,091 to €4,672
- Depreciation +€15,202
up €15,202 (+23.5%), from €64,617 to €79,819
- Staff costs +€10,987
up €10,987 (+17.2%), from €63,993 to €74,980
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 | €550,503 | €440,823 | -€109,680 | -19.9% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €422,063 | €357,862 | -€64,201 | -15.2% |
| Intangible fixed assets | 21 | €70,313 | €39,063 | -€31,250 | -44.4% |
| Tangible fixed assets | 22/27 | €351,751 | €318,800 | -€32,951 | -9.4% |
| Land and buildings | 22 | €167,860 | €159,140 | -€8,720 | -5.2% |
| Plant, machinery and equipment | 23 | €61,577 | €57,308 | -€4,269 | -6.9% |
| Furniture and vehicles | 24 | €122,314 | €102,352 | -€19,962 | -16.3% |
| Current assets | 29/58 | €128,440 | €82,961 | -€45,479 | -35.4% |
| Stocks and contracts in progress | 3 | €12,742 | €11,456 | -€1,286 | -10.1% |
| Stocks | 30/36 | €12,742 | €11,456 | -€1,286 | -10.1% |
| Amounts receivable within one year | 40/41 | €1,100 | €15,338 | +€14,238 | +1294.4% |
| Trade receivables | 40 | €1,100 | €10 | -€1,090 | -99.1% |
| Other amounts receivable | 41 | - | €15,328 | +€15,328 | |
| Cash at bank and in hand | 54/58 | €109,569 | €50,753 | -€58,816 | -53.7% |
| Deferred charges and accrued income | 490/1 | €5,029 | €5,414 | +€385 | +7.7% |
| Total equity and liabilities | 10/49 | €550,503 | €440,823 | -€109,680 | -19.9% |
| Equity | 10/15 | €301,089 | €30,415 | -€270,674 | -89.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €282,489 | €11,815 | -€270,674 | -95.8% |
| Amounts payable | 17/49 | €249,414 | €410,409 | +€160,994 | +64.5% |
| Amounts payable after more than one year | 17 | €42,154 | €31,933 | -€10,220 | -24.2% |
| Financial debts | 170/4 | €42,154 | €31,933 | -€10,220 | -24.2% |
| Amounts payable within one year | 42/48 | €207,261 | €378,476 | +€171,215 | +82.6% |
| Current portion of amounts payable after more than one year | 42 | €40,468 | €10,220 | -€30,248 | -74.7% |
| Trade debts | 44 | €17,748 | €4,897 | -€12,851 | -72.4% |
| Suppliers | 440/4 | €17,748 | €4,897 | -€12,851 | -72.4% |
| Taxes, remuneration and social security | 45 | €15,191 | €19,512 | +€4,322 | +28.4% |
| Taxes | 450/3 | €6,877 | €4,272 | -€2,604 | -37.9% |
| Remuneration and social security | 454/9 | €8,314 | €15,240 | +€6,926 | +83.3% |
| Other amounts payable | 47/48 | €133,854 | €343,846 | +€209,992 | +156.9% |
| Non-recurring operating income | 76A | €17,042 | - | -€17,042 | |
| Remuneration, social security and pensions | 62 | €63,993 | €74,980 | +€10,987 | +17.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,617 | €79,819 | +€15,202 | +23.5% |
| Other operating charges | 640/8 | €3,752 | €3,236 | -€516 | -13.8% |
| Gross operating margin | 9900 | €264,714 | €177,160 | -€87,554 | -33.1% |
| Operating profit (loss) | 9901 | €132,352 | €19,125 | -€113,227 | -85.5% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €2,159 | €2,639 | +€480 | +22.2% |
| Recurring financial charges | 65 | €2,159 | €2,639 | +€480 | +22.2% |
| Profit (loss) for the period before taxes | 9903 | €130,193 | €16,487 | -€113,706 | -87.3% |
| Income taxes | 67/77 | €27,091 | €4,672 | -€22,420 | -82.8% |
| Profit (loss) for the period | 9904 | €103,101 | €11,815 | -€91,287 | -88.5% |
| Profit (loss) for the period to be appropriated | 9905 | €103,101 | €11,815 | -€91,287 | -88.5% |
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 11 October 2026 via checked.be.