DELOVA: what changed
What changed
DELOVA
NACE 01.130, Growing of vegetables, melons, roots and tubers
filed annual accounts (NBB)
Net result for the year
€87,881
2024 · -€84,474+€172,356
Equity
€6,407
2024 · -€81,474+€87,881
Cash
€82,977
2024 · €181,187-€98,209
Balance sheet total
€3.1m
2024 · €2.8m+€285,340
Largest movements
Assets
- Tangible fixed assets +€467,868
up €467,868 (+20.9%), from €2.2m to €2.7m
of which Land and buildings: +€590,946
- Receivables within one year -€301,639
down €301,639 (-71.2%), from €423,412 to €121,773
of which Trade receivables: -€296,745
- Stocks and contracts +€217,530
new in 2025: €217,530
- Cash -€98,209
down €98,209 (-54.2%), from €181,187 to €82,977
mainly Investment in fixed assets (net) (-€733,783) and Trade debts (-€284,145)
Equity and liabilities
- Debts after one year +€399,586
up €399,586 (+18.7%), from €2.1m to €2.5m
- Trade debts -€284,145
down €284,145 (-74.9%), from €379,393 to €95,249
- Profit (loss) carried forward +€84,474
no longer reported in 2025 (was -€84,474)
- Other debts +€33,498
up €33,498 (+14.5%), from €231,308 to €264,805
Income statement
- Gross operating margin +€305,174
up €305,174 (+69.2%), from €441,270 to €746,444
- Staff costs +€87,949
up €87,949 (+43.1%), from €203,983 to €291,932
- Financial charges +€30,042
up €30,042 (+50.2%), from €59,838 to €89,880
- Other operating charges +€15,429
up €15,429 (+600%), from €2,573 to €18,003
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€84,474
Gross operating margin
+€305,174
Staff costs
-€87,949
Depreciation
+€6,179
Other operating charges
-€15,429
Other operating items
-€8,489
Financial income
+€2,977
Financial charges
-€30,042
Taxes
-€64
Result 2025
€87,881
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€212,964
Investment
-€733,783
Financing
+€422,609
Cash 2024
€181,187
From operations (derived)
+€212,964
Net result for the year
+€87,881
Depreciation
+€265,915
Stocks and contracts
-€217,530
Receivables within one year
+€301,639
Deferred charges and accrued income
+€210
Trade debts
-€284,145
Tax, wage and social debts
+€25,496
Other debts
+€33,498
Investment (derived)
-€733,783
Investment in fixed assets (net)
-€733,783
Financing
+€422,609
Debts after one year
+€399,586
Current portion of long-term debt
+€23,023
Cash 2025
€82,977
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,838,640 | €3,123,980 | +€285,340 | +10.1% |
| Fixed assets | 21/28 | €2,233,831 | €2,701,699 | +€467,868 | +20.9% |
| Tangible fixed assets | 22/27 | €2,233,831 | €2,701,699 | +€467,868 | +20.9% |
| Land and buildings | 22 | €1,844,026 | €2,434,971 | +€590,946 | +32.0% |
| Plant, machinery and equipment | 23 | €280,163 | €196,603 | -€83,561 | -29.8% |
| Furniture and vehicles | 24 | €109,642 | €70,125 | -€39,517 | -36.0% |
| Current assets | 29/58 | €604,809 | €422,281 | -€182,528 | -30.2% |
| Stocks and contracts in progress | 3 | - | €217,530 | +€217,530 | |
| Stocks | 30/36 | - | €217,530 | +€217,530 | |
| Amounts receivable within one year | 40/41 | €423,412 | €121,773 | -€301,639 | -71.2% |
| Trade receivables | 40 | €418,519 | €121,773 | -€296,745 | -70.9% |
| Other amounts receivable | 41 | €4,893 | - | -€4,893 | |
| Cash at bank and in hand | 54/58 | €181,187 | €82,977 | -€98,209 | -54.2% |
| Deferred charges and accrued income | 490/1 | €210 | - | -€210 | |
| Total equity and liabilities | 10/49 | €2,838,640 | €3,123,980 | +€285,340 | +10.1% |
| Equity | 10/15 | -€81,474 | €6,407 | +€87,881 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | - | €3,407 | +€3,407 | |
| Distributable reserves | 133 | - | €3,407 | +€3,407 | |
| Profit (loss) carried forward | 14 | -€84,474 | - | +€84,474 | |
| Amounts payable | 17/49 | €2,920,114 | €3,117,573 | +€197,458 | +6.8% |
| Amounts payable after more than one year | 17 | €2,140,608 | €2,540,195 | +€399,586 | +18.7% |
| Financial debts | 170/4 | €2,140,608 | €2,540,195 | +€399,586 | +18.7% |
| Amounts payable within one year | 42/48 | €779,506 | €577,378 | -€202,128 | -25.9% |
| Current portion of amounts payable after more than one year | 42 | €168,737 | €191,759 | +€23,023 | +13.6% |
| Trade debts | 44 | €379,393 | €95,249 | -€284,145 | -74.9% |
| Suppliers | 440/4 | €379,393 | €95,249 | -€284,145 | -74.9% |
| Taxes, remuneration and social security | 45 | €68 | €25,565 | +€25,496 | +37,379% |
| Taxes | 450/3 | €68 | €1,048 | +€980 | +1,436% |
| Remuneration and social security | 454/9 | - | €24,517 | +€24,517 | |
| Other amounts payable | 47/48 | €231,308 | €264,805 | +€33,498 | +14.5% |
| Remuneration, social security and pensions | 62 | €203,983 | €291,932 | +€87,949 | +43.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €272,094 | €265,915 | -€6,179 | -2.3% |
| Other operating charges | 640/8 | €2,573 | €18,003 | +€15,429 | +600% |
| Non-recurring operating charges | 66A | - | €8,489 | +€8,489 | |
| Gross operating margin | 9900 | €441,270 | €746,444 | +€305,174 | +69.2% |
| Operating profit (loss) | 9901 | -€37,379 | €162,106 | +€199,485 | |
| Financial income | 75/76B | €12,811 | €15,788 | +€2,977 | +23.2% |
| Recurring financial income | 75 | €12,811 | €15,696 | +€2,885 | +22.5% |
| Non-recurring financial income | 76B | - | €92 | +€92 | |
| Financial charges | 65/66B | €59,838 | €89,880 | +€30,042 | +50.2% |
| Recurring financial charges | 65 | €59,838 | €89,880 | +€30,042 | +50.2% |
| Profit (loss) for the period before taxes | 9903 | -€84,406 | €88,013 | +€172,420 | |
| Income taxes | 67/77 | €68 | €132 | +€64 | +93.5% |
| Profit (loss) for the period | 9904 | -€84,474 | €87,881 | +€172,356 | |
| Profit (loss) for the period to be appropriated | 9905 | -€84,474 | €87,881 | +€172,356 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.