DELOGIE: 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.
DELOGIE
Largest movements
- Stocks and contracts +€292,083
up €292,083 (+76.1%), from €383,915 to €675,997
- Cash +€127,392
up €127,392 (+200.7%), from €63,484 to €190,876
mainly Short-term financial debts (+€410,000) and Net result for the year (+€17,582)
- Tangible fixed assets -€12,477
down €12,477 (-30.7%), from €40,612 to €28,135
of which Furniture and vehicles: -€10,816
- Short-term financial debts +€410,000
new in 2025: €410,000
- Tax, wage and social debts -€27,244
down €27,244 (-43.9%), from €62,057 to €34,813
of which Taxes: -€25,237
- Reserves +€17,582
up €17,582 (+8.1%), from €216,054 to €233,636
- Other debts +€17,014
up €17,014 (+5.1%), from €331,525 to €348,539
- Gross operating margin -€105,094
down €105,094 (-67.5%), from €155,633 to €50,539
- Taxes -€23,640
down €23,640 (-78.3%), from €30,198 to €6,558
- Financial charges +€2,214
up €2,214 (+19.1%), from €11,580 to €13,794
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 | €619,316 | €1,034,814 | +€415,498 | +67.1% |
| Fixed assets | 21/28 | €40,612 | €28,135 | -€12,477 | -30.7% |
| Tangible fixed assets | 22/27 | €40,612 | €28,135 | -€12,477 | -30.7% |
| Furniture and vehicles | 24 | €35,708 | €24,892 | -€10,816 | -30.3% |
| Other tangible fixed assets | 26 | €4,904 | €3,243 | -€1,660 | -33.9% |
| Current assets | 29/58 | €578,704 | €1,006,678 | +€427,974 | +74.0% |
| Stocks and contracts in progress | 3 | €383,915 | €675,997 | +€292,083 | +76.1% |
| Stocks | 30/36 | €383,915 | €675,997 | +€292,083 | +76.1% |
| Amounts receivable within one year | 40/41 | €130,850 | €139,331 | +€8,481 | +6.5% |
| Trade receivables | 40 | €130,850 | €139,320 | +€8,470 | +6.5% |
| Other amounts receivable | 41 | - | €11 | +€11 | |
| Cash at bank and in hand | 54/58 | €63,484 | €190,876 | +€127,392 | +200.7% |
| Deferred charges and accrued income | 490/1 | €455 | €473 | +€19 | +4.1% |
| Total equity and liabilities | 10/49 | €619,316 | €1,034,814 | +€415,498 | +67.1% |
| Equity | 10/15 | €219,054 | €236,636 | +€17,582 | +8.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €216,054 | €233,636 | +€17,582 | +8.1% |
| Distributable reserves | 133 | €216,054 | €233,636 | +€17,582 | +8.1% |
| Amounts payable | 17/49 | €400,262 | €798,178 | +€397,915 | +99.4% |
| Amounts payable within one year | 42/48 | €393,724 | €793,535 | +€399,811 | +101.5% |
| Financial debts | 43 | - | €410,000 | +€410,000 | |
| Credit institutions | 430/8 | - | €410,000 | +€410,000 | |
| Trade debts | 44 | €142 | €183 | +€41 | +29.0% |
| Suppliers | 440/4 | €142 | €183 | +€41 | +29.0% |
| Taxes, remuneration and social security | 45 | €62,057 | €34,813 | -€27,244 | -43.9% |
| Taxes | 450/3 | €60,051 | €34,813 | -€25,237 | -42.0% |
| Remuneration and social security | 454/9 | €2,007 | - | -€2,007 | |
| Other amounts payable | 47/48 | €331,525 | €348,539 | +€17,014 | +5.1% |
| Accrued charges and deferred income | 492/3 | €6,538 | €4,642 | -€1,896 | -29.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,477 | €12,477 | = | 0.0% |
| Other operating charges | 640/8 | €703 | €775 | +€72 | +10.2% |
| Gross operating margin | 9900 | €155,633 | €50,539 | -€105,094 | -67.5% |
| Operating profit (loss) | 9901 | €142,453 | €37,287 | -€105,166 | -73.8% |
| Financial income | 75/76B | €1,539 | €647 | -€892 | -57.9% |
| Recurring financial income | 75 | €1,539 | €647 | -€892 | -57.9% |
| Financial charges | 65/66B | €11,580 | €13,794 | +€2,214 | +19.1% |
| Recurring financial charges | 65 | €11,580 | €13,794 | +€2,214 | +19.1% |
| Profit (loss) for the period before taxes | 9903 | €132,412 | €24,140 | -€108,271 | -81.8% |
| Income taxes | 67/77 | €30,198 | €6,558 | -€23,640 | -78.3% |
| Profit (loss) for the period | 9904 | €102,213 | €17,582 | -€84,631 | -82.8% |
| Profit (loss) for the period to be appropriated | 9905 | €102,213 | €17,582 | -€84,631 | -82.8% |
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 6 October 2026 via checked.be.