DELOTAV: 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.
DELOTAV
Largest movements
- Cash +€14,810
up €14,810 (+5.6%), from €262,263 to €277,073
mainly Net result for the year (+€28,762) and Other debts (+€15,052)
- Tangible fixed assets +€8,590
up €8,590 (+183.8%), from €4,672 to €13,262
of which Furniture and vehicles: +€8,154
- Reserves +€28,762
up €28,762 (+17.4%), from €165,350 to €194,112
of which Distributable reserves: +€28,762
- Other debts +€15,052
up €15,052 (+73.7%), from €20,414 to €35,466
- Tax, wage and social debts -€11,100
down €11,100 (-29.2%), from €37,968 to €26,867
of which Taxes: -€9,711
- Short-term financial debts -€4,101
down €4,101 (-100.0%), from €4,101 to €0
- Gross operating margin -€102,609
down €102,609 (-47.5%), from €215,804 to €113,194
- Staff costs -€20,920
down €20,920 (-26.2%), from €79,781 to €58,861
- Depreciation -€10,711
down €10,711 (-66.4%), from €16,136 to €5,425
- Taxes -€10,340
down €10,340 (-49.3%), from €20,961 to €10,621
- Financial charges -€4,988
down €4,988 (-32.1%), from €15,531 to €10,543
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 | €289,418 | €316,979 | +€27,562 | +9.5% |
| Fixed assets | 21/28 | €6,022 | €14,162 | +€8,140 | +135.2% |
| Intangible fixed assets | 21 | €1,350 | €900 | -€450 | -33.3% |
| Tangible fixed assets | 22/27 | €4,672 | €13,262 | +€8,590 | +183.8% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €1,744 | €2,180 | +€436 | +25.0% |
| Furniture and vehicles | 24 | €2,929 | €11,082 | +€8,154 | +278.4% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Current assets | 29/58 | €283,395 | €302,817 | +€19,422 | +6.9% |
| Stocks and contracts in progress | 3 | €1,903 | €2,192 | +€289 | +15.2% |
| Stocks | 30/36 | €1,903 | €2,192 | +€289 | +15.2% |
| Amounts receivable within one year | 40/41 | €16,893 | €18,524 | +€1,630 | +9.7% |
| Trade receivables | 40 | €8,085 | €17,664 | +€9,579 | +118.5% |
| Other amounts receivable | 41 | €8,808 | €859 | -€7,949 | -90.2% |
| Cash at bank and in hand | 54/58 | €262,263 | €277,073 | +€14,810 | +5.6% |
| Deferred charges and accrued income | 490/1 | €2,336 | €5,029 | +€2,693 | +115.3% |
| Total equity and liabilities | 10/49 | €289,418 | €316,979 | +€27,562 | +9.5% |
| Equity | 10/15 | €222,350 | €251,112 | +€28,762 | +12.9% |
| Contributions | 10/11 | €57,000 | €57,000 | = | 0.0% |
| Reserves | 13 | €165,350 | €194,112 | +€28,762 | +17.4% |
| Non-distributable reserves | 130/1 | €5,700 | €5,700 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,700 | €5,700 | = | 0.0% |
| Distributable reserves | 133 | €159,650 | €188,412 | +€28,762 | +18.0% |
| Amounts payable | 17/49 | €67,067 | €65,867 | -€1,201 | -1.8% |
| Amounts payable within one year | 42/48 | €67,067 | €65,867 | -€1,201 | -1.8% |
| Financial debts | 43 | €4,101 | €0 | -€4,101 | -100.0% |
| Credit institutions | 430/8 | €4,101 | €0 | -€4,101 | -100.0% |
| Trade debts | 44 | €4,585 | €3,533 | -€1,052 | -22.9% |
| Suppliers | 440/4 | €4,585 | €3,533 | -€1,052 | -22.9% |
| Taxes, remuneration and social security | 45 | €37,968 | €26,867 | -€11,100 | -29.2% |
| Taxes | 450/3 | €31,535 | €21,824 | -€9,711 | -30.8% |
| Remuneration and social security | 454/9 | €6,433 | €5,044 | -€1,389 | -21.6% |
| Other amounts payable | 47/48 | €20,414 | €35,466 | +€15,052 | +73.7% |
| Non-recurring operating income | 76A | €77,342 | €17,000 | -€60,342 | -78.0% |
| Remuneration, social security and pensions | 62 | €79,781 | €58,861 | -€20,920 | -26.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,136 | €5,425 | -€10,711 | -66.4% |
| Other operating charges | 640/8 | €5,749 | €931 | -€4,818 | -83.8% |
| Non-recurring operating charges | 66A | €17,165 | €0 | -€17,165 | -100.0% |
| Gross operating margin | 9900 | €215,804 | €113,194 | -€102,609 | -47.5% |
| Operating profit (loss) | 9901 | €96,973 | €47,978 | -€48,995 | -50.5% |
| Financial income | 75/76B | €1,280 | €1,948 | +€668 | +52.2% |
| Recurring financial income | 75 | €1,280 | €1,948 | +€668 | +52.2% |
| Financial charges | 65/66B | €15,531 | €10,543 | -€4,988 | -32.1% |
| Recurring financial charges | 65 | €15,531 | €10,543 | -€4,988 | -32.1% |
| Profit (loss) for the period before taxes | 9903 | €82,722 | €39,383 | -€43,339 | -52.4% |
| Income taxes | 67/77 | €20,961 | €10,621 | -€10,340 | -49.3% |
| Profit (loss) for the period | 9904 | €61,761 | €28,762 | -€32,999 | -53.4% |
| Profit (loss) for the period to be appropriated | 9905 | €61,761 | €28,762 | -€32,999 | -53.4% |
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 11 October 2026 via checked.be.