DELOGNE Frédéric: 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.
DELOGNE Frédéric
Largest movements
- Tangible fixed assets -€107,303
down €107,303 (-28.6%), from €374,915 to €267,612
of which Furniture and vehicles: -€95,530
- Receivables within one year -€41,948
down €41,948 (-12.1%), from €346,388 to €304,440
of which Trade receivables: -€31,036
- Cash +€23,641
up €23,641 (+13.0%), from €182,469 to €206,110
mainly Depreciation (+€131,365) and Receivables within one year (+€41,948)
- Debts after one year -€57,722
down €57,722 (-25.0%), from €230,895 to €173,173
of which Financial debts: -€57,722
- Other debts -€57,100
down €57,100 (-80.1%), from €71,327 to €14,227
- Reserves -€26,806
down €26,806 (-6.0%), from €443,107 to €416,301
of which Tax-exempt reserves: -€26,806
- Profit (loss) carried forward +€21,880
up €21,880 (+52.5%), from €41,709 to €63,588
- Gross operating margin -€4,329
down €4,329 (-3.0%), from €146,221 to €141,892
- Depreciation +€1,811
up €1,811 (+1.4%), from €129,554 to €131,365
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 | €907,478 | €780,758 | -€126,720 | -14.0% |
| Fixed assets | 21/28 | €375,050 | €267,747 | -€107,303 | -28.6% |
| Tangible fixed assets | 22/27 | €374,915 | €267,612 | -€107,303 | -28.6% |
| Plant, machinery and equipment | 23 | €51,244 | €50,543 | -€701 | -1.4% |
| Furniture and vehicles | 24 | €293,065 | €197,535 | -€95,530 | -32.6% |
| Leasing and similar rights | 25 | €30,605 | €19,534 | -€11,071 | -36.2% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €532,428 | €513,010 | -€19,418 | -3.6% |
| Amounts receivable within one year | 40/41 | €346,388 | €304,440 | -€41,948 | -12.1% |
| Trade receivables | 40 | €335,475 | €304,439 | -€31,036 | -9.3% |
| Other amounts receivable | 41 | €10,913 | €1 | -€10,912 | -100.0% |
| Cash at bank and in hand | 54/58 | €182,469 | €206,110 | +€23,641 | +13.0% |
| Deferred charges and accrued income | 490/1 | €3,571 | €2,461 | -€1,111 | -31.1% |
| Total equity and liabilities | 10/49 | €907,478 | €780,758 | -€126,720 | -14.0% |
| Equity | 10/15 | €491,016 | €486,090 | -€4,926 | -1.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €443,107 | €416,301 | -€26,806 | -6.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €161,247 | €134,441 | -€26,806 | -16.6% |
| Distributable reserves | 133 | €280,000 | €280,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €41,709 | €63,588 | +€21,880 | +52.5% |
| Provisions and deferred taxes | 16 | €28,182 | €19,247 | -€8,935 | -31.7% |
| Deferred taxes | 168 | €28,182 | €19,247 | -€8,935 | -31.7% |
| Amounts payable | 17/49 | €388,280 | €275,421 | -€112,859 | -29.1% |
| Amounts payable after more than one year | 17 | €230,895 | €173,173 | -€57,722 | -25.0% |
| Financial debts | 170/4 | €130,895 | €73,173 | -€57,722 | -44.1% |
| Other amounts payable | 178/9 | €100,000 | €100,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €157,385 | €102,247 | -€55,137 | -35.0% |
| Current portion of amounts payable after more than one year | 42 | €56,054 | €56,789 | +€735 | +1.3% |
| Trade debts | 44 | €7,256 | €10,129 | +€2,873 | +39.6% |
| Suppliers | 440/4 | €7,256 | €10,129 | +€2,873 | +39.6% |
| Taxes, remuneration and social security | 45 | €22,748 | €21,103 | -€1,645 | -7.2% |
| Taxes | 450/3 | €10,748 | €21,103 | +€10,355 | +96.3% |
| Remuneration and social security | 454/9 | €12,000 | €0 | -€12,000 | -100% |
| Other amounts payable | 47/48 | €71,327 | €14,227 | -€57,100 | -80.1% |
| Non-recurring operating income | 76A | €689 | €7,474 | +€6,785 | +985% |
| Remuneration, social security and pensions | 62 | €397 | €577 | +€180 | +45.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €129,554 | €131,365 | +€1,811 | +1.4% |
| Other operating charges | 640/8 | €3,142 | €4,355 | +€1,213 | +38.6% |
| Gross operating margin | 9900 | €146,221 | €141,892 | -€4,329 | -3.0% |
| Operating profit (loss) | 9901 | €13,128 | €5,595 | -€7,533 | -57.4% |
| Financial income | 75/76B | - | €1,357 | +€1,357 | |
| Recurring financial income | 75 | - | €1,357 | +€1,357 | |
| Financial charges | 65/66B | €16,253 | €15,164 | -€1,090 | -6.7% |
| Recurring financial charges | 65 | €16,253 | €15,164 | -€1,090 | -6.7% |
| Profit (loss) for the period before taxes | 9903 | -€3,126 | -€8,211 | -€5,086 | -163% |
| Transfer from deferred taxes | 780 | €9,349 | €8,935 | -€413 | -4.4% |
| Income taxes | 67/77 | €5,695 | €5,650 | -€45 | -0.8% |
| Profit (loss) for the period | 9904 | €528 | -€4,926 | -€5,454 | |
| Transfer from tax-exempt reserves | 789 | €28,046 | €26,806 | -€1,240 | -4.4% |
| Profit (loss) for the period to be appropriated | 9905 | €28,574 | €21,880 | -€6,694 | -23.4% |
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 15 October 2026 via checked.be.