DELREY: 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.
DELREY
Largest movements
- Cash +€11,752
up €11,752 (+29.6%), from €39,706 to €51,458
mainly Net result for the year (+€15,985) and Depreciation (+€6,992)
- Tangible fixed assets -€6,992
down €6,992 (-52.8%), from €13,254 to €6,262
of which Furniture and vehicles: -€5,607
- Receivables within one year -€2,547
down €2,547 (-26.9%), from €9,483 to €6,936
- Stocks and contracts +€2,002
up €2,002 (+136.2%), from €1,470 to €3,472
- Reserves +€15,985
up €15,985 (+142.0%), from €11,256 to €27,241
of which Distributable reserves: +€15,985
- Other debts -€9,153
down €9,153 (-79.2%), from €11,556 to €2,404
- Current portion of long-term debt -€4,305
down €4,305 (-91.7%), from €4,694 to €389
- Trade debts +€1,879
up €1,879 (+10.0%), from €18,836 to €20,715
- Gross operating margin -€10,096
down €10,096 (-24.0%), from €42,100 to €32,003
- Depreciation -€3,489
down €3,489 (-33.3%), from €10,480 to €6,992
- Financial charges +€1,058
up €1,058 (+35.0%), from €3,020 to €4,077
- Other operating charges -€603
down €603 (-56.6%), from €1,066 to €463
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 | €70,372 | €74,587 | +€4,215 | +6.0% |
| Fixed assets | 21/28 | €19,713 | €12,721 | -€6,992 | -35.5% |
| Tangible fixed assets | 22/27 | €13,254 | €6,262 | -€6,992 | -52.8% |
| Plant, machinery and equipment | 23 | €5,117 | €3,732 | -€1,385 | -27.1% |
| Furniture and vehicles | 24 | €8,137 | €2,530 | -€5,607 | -68.9% |
| Financial fixed assets | 28 | €6,459 | €6,459 | = | 0.0% |
| Current assets | 29/58 | €50,659 | €61,865 | +€11,207 | +22.1% |
| Stocks and contracts in progress | 3 | €1,470 | €3,472 | +€2,002 | +136.2% |
| Stocks | 30/36 | €1,470 | €3,472 | +€2,002 | +136.2% |
| Amounts receivable within one year | 40/41 | €9,483 | €6,936 | -€2,547 | -26.9% |
| Trade receivables | 40 | €9,483 | €6,936 | -€2,547 | -26.9% |
| Cash at bank and in hand | 54/58 | €39,706 | €51,458 | +€11,752 | +29.6% |
| Total equity and liabilities | 10/49 | €70,372 | €74,587 | +€4,215 | +6.0% |
| Equity | 10/15 | €29,856 | €45,841 | +€15,985 | +53.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €11,256 | €27,241 | +€15,985 | +142.0% |
| Tax-exempt reserves | 132 | €3,807 | €3,807 | = | 0.0% |
| Distributable reserves | 133 | €7,450 | €23,434 | +€15,985 | +214.6% |
| Amounts payable | 17/49 | €40,515 | €28,746 | -€11,770 | -29.0% |
| Amounts payable within one year | 42/48 | €40,515 | €28,746 | -€11,770 | -29.0% |
| Current portion of amounts payable after more than one year | 42 | €4,694 | €389 | -€4,305 | -91.7% |
| Trade debts | 44 | €18,836 | €20,715 | +€1,879 | +10.0% |
| Suppliers | 440/4 | €18,836 | €20,715 | +€1,879 | +10.0% |
| Taxes, remuneration and social security | 45 | €5,429 | €5,238 | -€191 | -3.5% |
| Taxes | 450/3 | €5,429 | €5,238 | -€191 | -3.5% |
| Other amounts payable | 47/48 | €11,556 | €2,404 | -€9,153 | -79.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,480 | €6,992 | -€3,489 | -33.3% |
| Other operating charges | 640/8 | €1,066 | €463 | -€603 | -56.6% |
| Gross operating margin | 9900 | €42,100 | €32,003 | -€10,096 | -24.0% |
| Operating profit (loss) | 9901 | €30,553 | €24,549 | -€6,005 | -19.7% |
| Financial charges | 65/66B | €3,020 | €4,077 | +€1,058 | +35.0% |
| Recurring financial charges | 65 | €3,020 | €4,077 | +€1,058 | +35.0% |
| Profit (loss) for the period before taxes | 9903 | €27,534 | €20,471 | -€7,062 | -25.6% |
| Income taxes | 67/77 | €4,331 | €4,487 | +€156 | +3.6% |
| Profit (loss) for the period | 9904 | €23,203 | €15,985 | -€7,218 | -31.1% |
| Profit (loss) for the period to be appropriated | 9905 | €23,203 | €15,985 | -€7,218 | -31.1% |
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 3 October 2026 via checked.be.