DELPLEX: 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.
DELPLEX
Largest movements
- Receivables within one year +€118,064
up €118,064 (+14.1%), from €834,390 to €952,453
of which Other amounts receivable: +€87,136
- Tangible fixed assets -€101,311
down €101,311 (-9.5%), from €1.1m to €968,771
of which Plant, machinery and equipment: -€61,604
- Stocks and contracts +€88,448
up €88,448 (+21.9%), from €403,192 to €491,640
- Cash +€62,675
up €62,675 (+16.0%), from €390,697 to €453,372
mainly Other debts (+€530,700) and Depreciation (+€391,649)
- Other debts +€530,700
new in 2025: €530,700
- Reserves -€362,605
down €362,605 (-11.1%), from €3.3m to €2.9m
of which Distributable reserves: -€362,605
- Trade debts +€63,451
up €63,451 (+122.1%), from €51,980 to €115,431
- Current portion of long-term debt -€52,725
no longer reported in 2025 (was €52,725)
- Gross operating margin +€37,695
up €37,695 (+3.8%), from €981,351 to €1.0m
- Financial income -€20,649
down €20,649 (-24.2%), from €85,341 to €64,692
of which Financial income: -€20,430
- Depreciation -€20,449
down €20,449 (-5.0%), from €412,097 to €391,649
- Taxes +€12,422
up €12,422 (+23.0%), from €53,916 to €66,338
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 | €3,626,068 | €3,781,055 | +€154,987 | +4.3% |
| Fixed assets | 21/28 | €1,183,390 | €1,071,366 | -€112,024 | -9.5% |
| Intangible fixed assets | 21 | €97,501 | €86,788 | -€10,713 | -11.0% |
| Tangible fixed assets | 22/27 | €1,070,082 | €968,771 | -€101,311 | -9.5% |
| Land and buildings | 22 | €455,993 | €399,353 | -€56,640 | -12.4% |
| Plant, machinery and equipment | 23 | €574,914 | €513,311 | -€61,604 | -10.7% |
| Furniture and vehicles | 24 | €39,174 | €56,107 | +€16,933 | +43.2% |
| Financial fixed assets | 28 | €15,807 | €15,807 | = | 0.0% |
| Current assets | 29/58 | €2,442,678 | €2,709,689 | +€267,011 | +10.9% |
| Stocks and contracts in progress | 3 | €403,192 | €491,640 | +€88,448 | +21.9% |
| Stocks | 30/36 | €403,192 | €491,640 | +€88,448 | +21.9% |
| Amounts receivable within one year | 40/41 | €834,390 | €952,453 | +€118,064 | +14.1% |
| Trade receivables | 40 | €579,029 | €609,957 | +€30,928 | +5.3% |
| Other amounts receivable | 41 | €255,360 | €342,496 | +€87,136 | +34.1% |
| Current investments | 50/53 | €800,000 | €800,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €390,697 | €453,372 | +€62,675 | +16.0% |
| Deferred charges and accrued income | 490/1 | €14,400 | €12,223 | -€2,177 | -15.1% |
| Total equity and liabilities | 10/49 | €3,626,068 | €3,781,055 | +€154,987 | +4.3% |
| Equity | 10/15 | €3,433,986 | €3,047,004 | -€386,982 | -11.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €3,266,228 | €2,903,623 | -€362,605 | -11.1% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €3,260,028 | €2,897,423 | -€362,605 | -11.1% |
| Investment grants | 15 | €105,758 | €81,382 | -€24,377 | -23.0% |
| Amounts payable | 17/49 | €192,082 | €734,050 | +€541,968 | +282.2% |
| Amounts payable within one year | 42/48 | €190,906 | €732,091 | +€541,185 | +283.5% |
| Current portion of amounts payable after more than one year | 42 | €52,725 | - | -€52,725 | |
| Financial debts | 43 | - | €1,357 | +€1,357 | |
| Other loans | 439 | - | €1,357 | +€1,357 | |
| Trade debts | 44 | €51,980 | €115,431 | +€63,451 | +122.1% |
| Suppliers | 440/4 | €51,980 | €115,431 | +€63,451 | +122.1% |
| Taxes, remuneration and social security | 45 | €86,201 | €84,603 | -€1,598 | -1.9% |
| Taxes | 450/3 | €27,630 | €18,411 | -€9,219 | -33.4% |
| Remuneration and social security | 454/9 | €58,571 | €66,192 | +€7,621 | +13.0% |
| Other amounts payable | 47/48 | - | €530,700 | +€530,700 | |
| Accrued charges and deferred income | 492/3 | €1,176 | €1,959 | +€783 | +66.6% |
| Remuneration, social security and pensions | 62 | €369,633 | €369,753 | +€119 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €412,097 | €391,649 | -€20,449 | -5.0% |
| Other operating charges | 640/8 | €12,646 | €12,741 | +€96 | +0.8% |
| Non-recurring operating charges | 66A | - | €168 | +€168 | |
| Gross operating margin | 9900 | €981,351 | €1,019,046 | +€37,695 | +3.8% |
| Operating profit (loss) | 9901 | €186,975 | €244,735 | +€57,760 | +30.9% |
| Financial income | 75/76B | €85,341 | €64,692 | -€20,649 | -24.2% |
| Recurring financial income | 75 | €85,122 | €64,692 | -€20,430 | -24.0% |
| Non-recurring financial income | 76B | €219 | - | -€219 | |
| Financial charges | 65/66B | €5,142 | €1,494 | -€3,647 | -70.9% |
| Recurring financial charges | 65 | €2,869 | €1,494 | -€1,375 | -47.9% |
| Non-recurring financial charges | 66B | €2,272 | - | -€2,272 | |
| Profit (loss) for the period before taxes | 9903 | €267,174 | €307,933 | +€40,758 | +15.3% |
| Income taxes | 67/77 | €53,916 | €66,338 | +€12,422 | +23.0% |
| Profit (loss) for the period | 9904 | €213,258 | €241,595 | +€28,337 | +13.3% |
| Profit (loss) for the period to be appropriated | 9905 | €213,258 | €241,595 | +€28,337 | +13.3% |
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 9 October 2026 via checked.be.