DELORGE-DELEU: 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.
DELORGE-DELEU
Largest movements
- Tangible fixed assets -€30,575
down €30,575 (-3.8%), from €799,487 to €768,913
- Cash +€21,636
up €21,636 (+20.8%), from €103,811 to €125,447
mainly Depreciation (+€30,575) and Receivables within one year (+€5,846)
- Profit (loss) carried forward -€15,225
down €15,225 (-30.7%), from -€49,580 to -€64,806
- Gross operating margin +€6,964
up €6,964 (+41.5%), from €16,795 to €23,759
- Financial charges -€3,638
down €3,638 (-33.1%), from €10,997 to €7,359
- Taxes +€433
no longer reported in 2025 (was -€433)
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 | €913,419 | €899,604 | -€13,816 | -1.5% |
| Fixed assets | 21/28 | €799,487 | €768,913 | -€30,575 | -3.8% |
| Tangible fixed assets | 22/27 | €799,487 | €768,913 | -€30,575 | -3.8% |
| Land and buildings | 22 | €799,487 | €768,913 | -€30,575 | -3.8% |
| Current assets | 29/58 | €113,932 | €130,691 | +€16,759 | +14.7% |
| Amounts receivable within one year | 40/41 | €9,846 | €4,000 | -€5,846 | -59.4% |
| Other amounts receivable | 41 | €9,846 | €4,000 | -€5,846 | -59.4% |
| Cash at bank and in hand | 54/58 | €103,811 | €125,447 | +€21,636 | +20.8% |
| Deferred charges and accrued income | 490/1 | €275 | €1,244 | +€969 | +352% |
| Total equity and liabilities | 10/49 | €913,419 | €899,604 | -€13,816 | -1.5% |
| Equity | 10/15 | €288,698 | €273,472 | -€15,225 | -5.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €319,678 | €319,678 | = | 0.0% |
| 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 | €31,000 | €31,000 | = | 0.0% |
| Distributable reserves | 133 | €286,818 | €286,818 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€49,580 | -€64,806 | -€15,225 | -30.7% |
| Amounts payable | 17/49 | €624,722 | €626,132 | +€1,410 | +0.2% |
| Amounts payable after more than one year | 17 | €460,421 | €460,421 | = | 0.0% |
| Financial debts | 170/4 | €460,421 | €460,421 | = | 0.0% |
| Amounts payable within one year | 42/48 | €164,301 | €164,866 | +€565 | +0.3% |
| Trade debts | 44 | €72 | €637 | +€565 | +784% |
| Suppliers | 440/4 | €72 | €637 | +€565 | +784% |
| Other amounts payable | 47/48 | €164,229 | €164,229 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €845 | +€845 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,572 | €30,575 | +€3 | 0.0% |
| Other operating charges | 640/8 | €1,030 | €1,060 | +€31 | +3.0% |
| Gross operating margin | 9900 | €16,795 | €23,759 | +€6,964 | +41.5% |
| Operating profit (loss) | 9901 | -€14,806 | -€7,876 | +€6,931 | +46.8% |
| Financial income | 75/76B | €199 | €9 | -€189 | -95.3% |
| Recurring financial income | 75 | €199 | €9 | -€189 | -95.3% |
| Financial charges | 65/66B | €10,997 | €7,359 | -€3,638 | -33.1% |
| Recurring financial charges | 65 | €10,997 | €7,359 | -€3,638 | -33.1% |
| Profit (loss) for the period before taxes | 9903 | -€25,605 | -€15,225 | +€10,380 | +40.5% |
| Income taxes | 67/77 | -€433 | - | +€433 | |
| Profit (loss) for the period | 9904 | -€25,172 | -€15,225 | +€9,947 | +39.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€25,172 | -€15,225 | +€9,947 | +39.5% |
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 28 October 2026 via checked.be.