DELOR: 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.
DELOR
Largest movements
- Tangible fixed assets +€129,314
up €129,314 (+1162.8%), from €11,121 to €140,435
of which Land and buildings: +€131,647
- Receivables within one year -€102,492
down €102,492 (-71.8%), from €142,747 to €40,255
of which Trade receivables: -€108,690
- Receivables after one year +€30,000
new in 2025: €30,000
- Cash -€11,476
down €11,476 (-24.2%), from €47,511 to €36,035
mainly Investment in fixed assets (net) (-€150,747) and Other debts (-€102,871)
- Debts after one year +€108,925
new in 2025: €108,925
- Other debts -€102,871
down €102,871 (-99.7%), from €103,162 to €290
- Reserves +€82,210
up €82,210 (+563.9%), from €14,578 to €96,788
- Tax, wage and social debts -€52,402
down €52,402 (-88.6%), from €59,173 to €6,771
of which Taxes: -€52,071
- Current portion of long-term debt +€8,244
up €8,244 (+144.9%), from €5,689 to €13,933
- Gross operating margin -€59,252
down €59,252 (-31.6%), from €187,801 to €128,549
- Taxes -€19,182
down €19,182 (-44.6%), from €42,984 to €23,802
- Depreciation +€10,288
up €10,288 (+92.3%), from €11,144 to €21,432
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 | €203,059 | €248,068 | +€45,010 | +22.2% |
| Fixed assets | 21/28 | €11,146 | €140,460 | +€129,314 | +1160.2% |
| Tangible fixed assets | 22/27 | €11,121 | €140,435 | +€129,314 | +1162.8% |
| Land and buildings | 22 | - | €131,647 | +€131,647 | |
| Plant, machinery and equipment | 23 | €1,339 | €2,658 | +€1,319 | +98.5% |
| Furniture and vehicles | 24 | €6,924 | €3,800 | -€3,124 | -45.1% |
| Other tangible fixed assets | 26 | €2,858 | €2,330 | -€528 | -18.5% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €191,912 | €107,608 | -€84,305 | -43.9% |
| Amounts receivable after more than one year | 29 | - | €30,000 | +€30,000 | |
| Other amounts receivable | 291 | - | €30,000 | +€30,000 | |
| Amounts receivable within one year | 40/41 | €142,747 | €40,255 | -€102,492 | -71.8% |
| Trade receivables | 40 | €142,747 | €34,057 | -€108,690 | -76.1% |
| Other amounts receivable | 41 | - | €6,198 | +€6,198 | |
| Cash at bank and in hand | 54/58 | €47,511 | €36,035 | -€11,476 | -24.2% |
| Deferred charges and accrued income | 490/1 | €1,654 | €1,318 | -€336 | -20.3% |
| Total equity and liabilities | 10/49 | €203,059 | €248,068 | +€45,010 | +22.2% |
| Equity | 10/15 | €33,178 | €115,388 | +€82,210 | +247.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €14,578 | €96,788 | +€82,210 | +563.9% |
| Distributable reserves | 133 | €14,578 | €96,788 | +€82,210 | +563.9% |
| Amounts payable | 17/49 | €169,881 | €132,680 | -€37,200 | -21.9% |
| Amounts payable after more than one year | 17 | - | €108,925 | +€108,925 | |
| Financial debts | 170/4 | - | €108,925 | +€108,925 | |
| Amounts payable within one year | 42/48 | €169,881 | €23,755 | -€146,125 | -86.0% |
| Current portion of amounts payable after more than one year | 42 | €5,689 | €13,933 | +€8,244 | +144.9% |
| Trade debts | 44 | €1,857 | €2,761 | +€904 | +48.7% |
| Suppliers | 440/4 | €1,857 | €2,761 | +€904 | +48.7% |
| Taxes, remuneration and social security | 45 | €59,173 | €6,771 | -€52,402 | -88.6% |
| Taxes | 450/3 | €56,303 | €4,232 | -€52,071 | -92.5% |
| Remuneration and social security | 454/9 | €2,870 | €2,539 | -€331 | -11.5% |
| Other amounts payable | 47/48 | €103,162 | €290 | -€102,871 | -99.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,144 | €21,432 | +€10,288 | +92.3% |
| Other operating charges | 640/8 | €755 | €738 | -€17 | -2.2% |
| Gross operating margin | 9900 | €187,801 | €128,549 | -€59,252 | -31.6% |
| Operating profit (loss) | 9901 | €175,903 | €106,379 | -€69,524 | -39.5% |
| Financial income | 75/76B | €18 | €244 | +€226 | +1279.5% |
| Recurring financial income | 75 | €18 | €244 | +€226 | +1279.5% |
| Financial charges | 65/66B | €290 | €611 | +€321 | +110.6% |
| Recurring financial charges | 65 | €290 | €611 | +€321 | +110.6% |
| Profit (loss) for the period before taxes | 9903 | €175,630 | €106,012 | -€69,618 | -39.6% |
| Income taxes | 67/77 | €42,984 | €23,802 | -€19,182 | -44.6% |
| Profit (loss) for the period | 9904 | €132,647 | €82,210 | -€50,437 | -38.0% |
| Profit (loss) for the period to be appropriated | 9905 | €132,647 | €82,210 | -€50,437 | -38.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.