DELOVAN: 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.
DELOVAN
Largest movements
- Current assets +€239,634
up €239,634 (+29.4%), from €815,641 to €1.1m
of which Cash: +€209,306
- Equity +€268,449
up €268,449 (+29.8%), from €900,096 to €1.2m
of which Reserves: +€268,449
- Debts -€24,566
down €24,566 (-11.4%), from €215,665 to €191,099
of which Debts after one year: -€12,597
- Gross operating margin +€63,029
up €63,029 (+18.0%), from €350,301 to €413,330
- Taxes +€8,160
up €8,160 (+7.0%), from €117,176 to €125,336
- Depreciation +€5,559
up €5,559 (+52.8%), from €10,536 to €16,095
From the 2020 result to the 2021 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2020 | 2021 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,115,761 | €1,359,643 | +€243,882 | +21.9% |
| Fixed assets | 21/28 | €300,120 | €304,368 | +€4,248 | +1.4% |
| Tangible fixed assets | 22/27 | €296,320 | €300,568 | +€4,248 | +1.4% |
| Land and buildings | 22 | - | €280,269 | +€280,269 | |
| Furniture and vehicles | 24 | - | €20,299 | +€20,299 | |
| Financial fixed assets | 28 | €3,800 | €3,800 | = | 0.0% |
| Current assets | 29/58 | €815,641 | €1,055,276 | +€239,634 | +29.4% |
| Amounts receivable after more than one year | 29 | - | €100,000 | +€100,000 | |
| Other amounts receivable | 291 | - | €100,000 | +€100,000 | |
| Amounts receivable within one year | 40/41 | €40,142 | €45,511 | +€5,368 | +13.4% |
| Other amounts receivable | 41 | - | €45,511 | +€45,511 | |
| Cash at bank and in hand | 54/58 | €652,448 | €861,754 | +€209,306 | +32.1% |
| Deferred charges and accrued income | 490/1 | - | €48,011 | +€48,011 | |
| Total equity and liabilities | 10/49 | €1,115,761 | €1,359,643 | +€243,882 | +21.9% |
| Equity | 10/15 | €900,096 | €1,168,545 | +€268,449 | +29.8% |
| Contributions | 10/11 | - | €10,000 | +€10,000 | |
| Reserves | 13 | €890,096 | €1,158,545 | +€268,449 | +30.2% |
| Non-distributable reserves | 130/1 | - | €1,855 | +€1,855 | |
| Reserves not available under the articles | 1311 | - | €1,855 | +€1,855 | |
| Tax-exempt reserves | 132 | - | €18,750 | +€18,750 | |
| Distributable reserves | 133 | - | €1,137,940 | +€1.1m | |
| Amounts payable | 17/49 | €215,665 | €191,099 | -€24,566 | -11.4% |
| Amounts payable after more than one year | 17 | €149,998 | €137,401 | -€12,597 | -8.4% |
| Financial debts | 170/4 | - | €137,401 | +€137,401 | |
| Amounts payable within one year | 42/48 | €64,580 | €53,049 | -€11,531 | -17.9% |
| Current portion of amounts payable after more than one year | 42 | - | €12,597 | +€12,597 | |
| Trade debts | 44 | €27 | €42 | +€15 | +57.5% |
| Suppliers | 440/4 | - | €42 | +€42 | |
| Taxes, remuneration and social security | 45 | - | €40,410 | +€40,410 | |
| Taxes | 450/3 | - | €40,410 | +€40,410 | |
| Accrued charges and deferred income | 492/3 | - | €649 | +€649 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,536 | €16,095 | +€5,559 | +52.8% |
| Other operating charges | 640/8 | - | €2,947 | +€2,947 | |
| Gross operating margin | 9900 | €350,301 | €413,330 | +€63,029 | +18.0% |
| Operating profit (loss) | 9901 | €336,599 | €394,288 | +€57,689 | +17.1% |
| Financial income | 75/76B | - | €2,950 | +€2,950 | |
| Recurring financial income | 75 | €1,038 | €2,950 | +€1,912 | +184% |
| Financial charges | 65/66B | - | €3,454 | +€3,454 | |
| Recurring financial charges | 65 | €3,444 | €3,454 | +€10 | +0.3% |
| Profit (loss) for the period before taxes | 9903 | €334,193 | €393,785 | +€59,592 | +17.8% |
| Income taxes | 67/77 | €117,176 | €125,336 | +€8,160 | +7.0% |
| Profit (loss) for the period | 9904 | €217,017 | €268,449 | +€51,432 | +23.7% |
| Profit (loss) for the period to be appropriated | 9905 | €217,017 | €268,449 | +€51,432 | +23.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2020 and 30 September 2021. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.