DELQUIT: 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.
DELQUIT
Largest movements
- Tangible fixed assets -€42,654
down €42,654 (-32.7%), from €130,497 to €87,842
of which Furniture and vehicles: -€38,938
- Receivables within one year +€11,922
up €11,922 (+222.2%), from €5,366 to €17,287
of which Trade receivables: +€17,287
- Stocks and contracts +€6,284
up €6,284 (+35.4%), from €17,741 to €24,025
- Intangible fixed assets -€6,000
down €6,000 (-25.2%), from €23,786 to €17,786
- Cash +€2,699
up €2,699 (+100.8%), from €2,678 to €5,377
mainly Trade debts (+€42,020) and Other debts (+€26,684)
- Profit (loss) carried forward -€61,682
down €61,682 (-48.9%), from -€126,187 to -€187,869
- Trade debts +€42,020
up €42,020 (+74.6%), from €56,329 to €98,350
- Other debts +€26,684
up €26,684 (+48.5%), from €54,997 to €81,682
- Debts after one year -€17,325
down €17,325 (-16.7%), from €103,843 to €86,518
- Short-term financial debts -€17,163
down €17,163 (-100.0%), from €17,163 to €0
- Gross operating margin +€25,552
up €25,552 (+11.5%), from €221,408 to €246,960
- Depreciation -€6,382
down €6,382 (-19.4%), from €32,824 to €26,442
- Financial charges +€5,864
up €5,864 (+7.4%), from €79,454 to €85,318
- Staff costs -€5,735
down €5,735 (-2.9%), from €200,240 to €194,505
- Other operating charges +€4,074
up €4,074 (+1131.6%), from €360 to €4,434
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 | €191,399 | €163,649 | -€27,750 | -14.5% |
| Fixed assets | 21/28 | €165,614 | €116,960 | -€48,654 | -29.4% |
| Intangible fixed assets | 21 | €23,786 | €17,786 | -€6,000 | -25.2% |
| Tangible fixed assets | 22/27 | €130,497 | €87,842 | -€42,654 | -32.7% |
| Furniture and vehicles | 24 | €60,793 | €21,855 | -€38,938 | -64.0% |
| Other tangible fixed assets | 26 | €69,704 | €65,987 | -€3,717 | -5.3% |
| Financial fixed assets | 28 | €11,332 | €11,332 | = | 0.0% |
| Current assets | 29/58 | €25,784 | €46,689 | +€20,905 | +81.1% |
| Stocks and contracts in progress | 3 | €17,741 | €24,025 | +€6,284 | +35.4% |
| Stocks | 30/36 | €17,741 | €24,025 | +€6,284 | +35.4% |
| Amounts receivable within one year | 40/41 | €5,366 | €17,287 | +€11,922 | +222.2% |
| Trade receivables | 40 | - | €17,287 | +€17,287 | |
| Other amounts receivable | 41 | €5,366 | €0 | -€5,366 | -100.0% |
| Cash at bank and in hand | 54/58 | €2,678 | €5,377 | +€2,699 | +100.8% |
| Total equity and liabilities | 10/49 | €191,399 | €163,649 | -€27,750 | -14.5% |
| Equity | 10/15 | -€103,241 | -€167,007 | -€63,766 | -61.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€126,187 | -€187,869 | -€61,682 | -48.9% |
| Investment grants | 15 | €17,946 | €15,862 | -€2,083 | -11.6% |
| Amounts payable | 17/49 | €294,640 | €330,656 | +€36,016 | +12.2% |
| Amounts payable after more than one year | 17 | €103,843 | €86,518 | -€17,325 | -16.7% |
| Financial debts | 170/4 | €103,843 | €86,518 | -€17,325 | -16.7% |
| Amounts payable within one year | 42/48 | €189,727 | €241,572 | +€51,844 | +27.3% |
| Current portion of amounts payable after more than one year | 42 | €40,446 | €41,169 | +€723 | +1.8% |
| Financial debts | 43 | €17,163 | €0 | -€17,163 | -100.0% |
| Credit institutions | 430/8 | €17,163 | €0 | -€17,163 | -100.0% |
| Trade debts | 44 | €56,329 | €98,350 | +€42,020 | +74.6% |
| Suppliers | 440/4 | €56,329 | €98,350 | +€42,020 | +74.6% |
| Taxes, remuneration and social security | 45 | €20,792 | €20,371 | -€420 | -2.0% |
| Taxes | 450/3 | €8,242 | €15,023 | +€6,781 | +82.3% |
| Remuneration and social security | 454/9 | €12,550 | €5,349 | -€7,201 | -57.4% |
| Other amounts payable | 47/48 | €54,997 | €81,682 | +€26,684 | +48.5% |
| Accrued charges and deferred income | 492/3 | €1,070 | €2,567 | +€1,497 | +139.9% |
| Remuneration, social security and pensions | 62 | €200,240 | €194,505 | -€5,735 | -2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,824 | €26,442 | -€6,382 | -19.4% |
| Other operating charges | 640/8 | €360 | €4,434 | +€4,074 | +1131.6% |
| Gross operating margin | 9900 | €221,408 | €246,960 | +€25,552 | +11.5% |
| Operating profit (loss) | 9901 | -€12,016 | €21,579 | +€33,595 | |
| Financial income | 75/76B | €2,106 | €2,107 | +€1 | +0.1% |
| Recurring financial income | 75 | €2,106 | €2,107 | +€1 | +0.1% |
| Financial charges | 65/66B | €79,454 | €85,318 | +€5,864 | +7.4% |
| Recurring financial charges | 65 | €79,454 | €85,318 | +€5,864 | +7.4% |
| Profit (loss) for the period before taxes | 9903 | -€89,364 | -€61,632 | +€27,733 | +31.0% |
| Income taxes | 67/77 | €65 | €51 | -€14 | -21.6% |
| Profit (loss) for the period | 9904 | -€89,429 | -€61,682 | +€27,747 | +31.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€89,429 | -€61,682 | +€27,747 | +31.0% |
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 1 October 2026 via checked.be.