DelPae: what changed
Two fiscal 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.
DelPae
Largest movements
- Cash +€22,853
up €22,853 (+70.1%), from €32,580 to €55,433
mainly Depreciation (+€23,646) and Net result for the year (+€11,392)
- Tangible fixed assets -€21,291
down €21,291 (-6.5%), from €328,044 to €306,753
of which Land and buildings: -€19,319
- Profit (loss) carried forward +€11,392
up €11,392 (+75.6%), from -€15,062 to -€3,669
- Debts after one year -€10,218
down €10,218 (-9.0%), from €113,178 to €102,960
- Turnover +€3,929
up €3,929 (+7.3%), from €53,518 to €57,447
- Gross operating margin +€3,489
up €3,489 (+9.6%), from €36,449 to €39,938
- Purchases and services +€1,081
up €1,081 (+6.3%), from €17,069 to €18,150
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 | €361,248 | €363,149 | +€1,901 | +0.5% |
| Fixed assets | 21/28 | €328,044 | €306,753 | -€21,291 | -6.5% |
| Tangible fixed assets | 22/27 | €328,044 | €306,753 | -€21,291 | -6.5% |
| Land and buildings | 22 | €300,084 | €280,765 | -€19,319 | -6.4% |
| Plant, machinery and equipment | 23 | €27,960 | €25,988 | -€1,973 | -7.1% |
| Current assets | 29/58 | €33,204 | €56,397 | +€23,193 | +69.8% |
| Amounts receivable within one year | 40/41 | €624 | €624 | = | 0.0% |
| Trade receivables | 40 | €624 | €624 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €32,580 | €55,433 | +€22,853 | +70.1% |
| Deferred charges and accrued income | 490/1 | - | €340 | +€340 | |
| Total equity and liabilities | 10/49 | €361,248 | €363,149 | +€1,901 | +0.5% |
| Equity | 10/15 | €234,938 | €246,331 | +€11,392 | +4.8% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,062 | -€3,669 | +€11,392 | +75.6% |
| Amounts payable | 17/49 | €126,310 | €116,819 | -€9,491 | -7.5% |
| Amounts payable after more than one year | 17 | €113,178 | €102,960 | -€10,218 | -9.0% |
| Financial debts | 170/4 | €113,178 | €102,960 | -€10,218 | -9.0% |
| Amounts payable within one year | 42/48 | €11,295 | €12,843 | +€1,549 | +13.7% |
| Current portion of amounts payable after more than one year | 42 | €10,032 | €11,061 | +€1,029 | +10.3% |
| Trade debts | 44 | €858 | €1,431 | +€572 | +66.7% |
| Suppliers | 440/4 | €858 | €1,431 | +€572 | +66.7% |
| Taxes, remuneration and social security | 45 | €404 | €352 | -€53 | -13.1% |
| Taxes | 450/3 | €404 | €352 | -€53 | -13.1% |
| Accrued charges and deferred income | 492/3 | €1,838 | €1,016 | -€822 | -44.7% |
| Turnover | 70 | €53,518 | €57,447 | +€3,929 | +7.3% |
| Non-recurring operating income | 76A | - | €641 | +€641 | |
| Goods, raw materials, services and sundry goods | 60/61 | €17,069 | €18,150 | +€1,081 | +6.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,450 | €23,646 | +€196 | +0.8% |
| Other operating charges | 640/8 | €2,958 | €2,959 | +€1 | 0.0% |
| Gross operating margin | 9900 | €36,449 | €39,938 | +€3,489 | +9.6% |
| Operating profit (loss) | 9901 | €10,042 | €13,333 | +€3,292 | +32.8% |
| Financial income | 75/76B | €275 | €344 | +€69 | +25.1% |
| Recurring financial income | 75 | €275 | €344 | +€69 | +25.1% |
| Financial charges | 65/66B | €2,631 | €2,285 | -€346 | -13.2% |
| Recurring financial charges | 65 | €2,631 | €2,285 | -€346 | -13.2% |
| Profit (loss) for the period before taxes | 9903 | €7,686 | €11,392 | +€3,707 | +48.2% |
| Profit (loss) for the period | 9904 | €7,686 | €11,392 | +€3,707 | +48.2% |
| Profit (loss) for the period to be appropriated | 9905 | €7,686 | €11,392 | +€3,707 | +48.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.