Deloveck: 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.
Deloveck
Largest movements
- Tangible fixed assets +€890,136
up €890,136 (+1,987%), from €44,807 to €934,943
of which Land and buildings: +€852,870
- Stocks and contracts -€130,779
down €130,779 (-30.8%), from €425,080 to €294,301
- Receivables within one year -€56,707
down €56,707 (-63.5%), from €89,364 to €32,658
of which Trade receivables: -€49,445
- Debts after one year +€1.0m
up €1.0m (+536%), from €187,355 to €1.2m
- Short-term financial debts -€175,000
down €175,000 (-58.3%), from €300,000 to €125,000
- Profit (loss) carried forward -€86,008
down €86,008 (-133%), from -€64,723 to -€150,731
- Trade debts -€35,274
down €35,274 (-59.8%), from €58,961 to €23,686
- Current portion of long-term debt +€33,678
new in 2025: €33,678
- Gross operating margin +€50,730
up €50,730, from -€22,079 to €28,650
- Depreciation +€41,832
up €41,832 (+378%), from €11,060 to €52,891
- Other operating charges +€23,356
up €23,356 (+381%), from €6,133 to €29,488
- Financial charges +€5,927
up €5,927 (+26.4%), from €22,429 to €28,356
- Write-downs +€4,378
new in 2025: €4,378
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 | €635,436 | €1,339,728 | +€704,291 | +111% |
| Fixed assets | 21/28 | €44,807 | €944,220 | +€899,413 | +2,007% |
| Intangible fixed assets | 21 | €0 | €9,277 | +€9,277 | |
| Tangible fixed assets | 22/27 | €44,807 | €934,943 | +€890,136 | +1,987% |
| Land and buildings | 22 | €36,849 | €889,718 | +€852,870 | +2,315% |
| Plant, machinery and equipment | 23 | €6,817 | €38,791 | +€31,974 | +469% |
| Furniture and vehicles | 24 | €1,141 | €6,434 | +€5,292 | +464% |
| Current assets | 29/58 | €590,629 | €395,508 | -€195,122 | -33.0% |
| Stocks and contracts in progress | 3 | €425,080 | €294,301 | -€130,779 | -30.8% |
| Stocks | 30/36 | €425,080 | €294,301 | -€130,779 | -30.8% |
| Amounts receivable within one year | 40/41 | €89,364 | €32,658 | -€56,707 | -63.5% |
| Trade receivables | 40 | €77,801 | €28,355 | -€49,445 | -63.6% |
| Other amounts receivable | 41 | €11,563 | €4,302 | -€7,261 | -62.8% |
| Cash at bank and in hand | 54/58 | €71,639 | €67,561 | -€4,078 | -5.7% |
| Deferred charges and accrued income | 490/1 | €4,547 | €989 | -€3,558 | -78.3% |
| Total equity and liabilities | 10/49 | €635,436 | €1,339,728 | +€704,291 | +111% |
| Equity | 10/15 | €46,699 | -€39,310 | -€86,008 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €105,222 | €105,222 | = | 0.0% |
| Distributable reserves | 133 | €105,222 | €105,222 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€64,723 | -€150,731 | -€86,008 | -133% |
| Amounts payable | 17/49 | €588,738 | €1,379,037 | +€790,300 | +134% |
| Amounts payable after more than one year | 17 | €187,355 | €1,191,893 | +€1.0m | +536% |
| Financial debts | 170/4 | €187,355 | €1,191,893 | +€1.0m | +536% |
| Amounts payable within one year | 42/48 | €382,839 | €187,144 | -€195,695 | -51.1% |
| Current portion of amounts payable after more than one year | 42 | - | €33,678 | +€33,678 | |
| Financial debts | 43 | €300,000 | €125,000 | -€175,000 | -58.3% |
| Credit institutions | 430/8 | €300,000 | €125,000 | -€175,000 | -58.3% |
| Trade debts | 44 | €58,961 | €23,686 | -€35,274 | -59.8% |
| Suppliers | 440/4 | €58,961 | €23,686 | -€35,274 | -59.8% |
| Taxes, remuneration and social security | 45 | €2,698 | €259 | -€2,439 | -90.4% |
| Taxes | 450/3 | €95 | €259 | +€164 | +173% |
| Remuneration and social security | 454/9 | €2,603 | €0 | -€2,603 | -100% |
| Other amounts payable | 47/48 | €21,181 | €4,521 | -€16,660 | -78.7% |
| Accrued charges and deferred income | 492/3 | €18,544 | €0 | -€18,544 | -100% |
| Remuneration, social security and pensions | 62 | €3,023 | -€412 | -€3,435 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,060 | €52,891 | +€41,832 | +378% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €4,378 | +€4,378 | |
| Other operating charges | 640/8 | €6,133 | €29,488 | +€23,356 | +381% |
| Gross operating margin | 9900 | -€22,079 | €28,650 | +€50,730 | |
| Operating profit (loss) | 9901 | -€42,294 | -€57,696 | -€15,401 | -36.4% |
| Financial income | 75/76B | €0 | €43 | +€43 | +10,921% |
| Recurring financial income | 75 | €0 | €43 | +€43 | +10,921% |
| Financial charges | 65/66B | €22,429 | €28,356 | +€5,927 | +26.4% |
| Recurring financial charges | 65 | €22,429 | €28,356 | +€5,927 | +26.4% |
| Profit (loss) for the period before taxes | 9903 | -€64,723 | -€86,008 | -€21,285 | -32.9% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€64,723 | -€86,008 | -€21,285 | -32.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€64,723 | -€86,008 | -€21,285 | -32.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.