DELRUE: what changed
DELRUE
Largest movements
- Cash -€27,626
down €27,626 (-67.1%), from €41,147 to €13,521
mainly Contributions, distributions and other (-€30,000) and Receivables within one year (-€24,005)
- Receivables within one year +€24,005
up €24,005 (+956%), from €2,511 to €26,516
of which Trade receivables: +€22,732
- Tangible fixed assets -€6,205
down €6,205 (-24.4%), from €25,419 to €19,214
of which Furniture and vehicles: -€5,975
- Debts after one year -€6,981
down €6,981 (-36.0%), from €19,384 to €12,403
- Profit (loss) carried forward -€6,192
down €6,192 (-19.5%), from €31,833 to €25,641
- Tax, wage and social debts +€2,648
up €2,648 (+62.9%), from €4,210 to €6,858
- Trade debts +€1,105
up €1,105 (+29.4%), from €3,762 to €4,867
- Other debts -€696
no longer reported in 2025 (was €696)
- Gross operating margin +€11,732
up €11,732 (+42.1%), from €27,882 to €39,613
- Taxes +€2,758
up €2,758 (+67.3%), from €4,100 to €6,858
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €69,077 | €59,251 | -€9,827 | -14.2% |
| Fixed assets | 21/28 | €25,419 | €19,214 | -€6,205 | -24.4% |
| Tangible fixed assets | 22/27 | €25,419 | €19,214 | -€6,205 | -24.4% |
| Plant, machinery and equipment | 23 | €742 | €512 | -€230 | -31.0% |
| Furniture and vehicles | 24 | €24,678 | €18,703 | -€5,975 | -24.2% |
| Current assets | 29/58 | €43,658 | €40,037 | -€3,621 | -8.3% |
| Amounts receivable within one year | 40/41 | €2,511 | €26,516 | +€24,005 | +956% |
| Trade receivables | 40 | €1,448 | €24,180 | +€22,732 | +1,570% |
| Other amounts receivable | 41 | €1,063 | €2,336 | +€1,273 | +120% |
| Cash at bank and in hand | 54/58 | €41,147 | €13,521 | -€27,626 | -67.1% |
| Total equity and liabilities | 10/49 | €69,077 | €59,251 | -€9,827 | -14.2% |
| Equity | 10/15 | €34,333 | €28,141 | -€6,192 | -18.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,833 | €25,641 | -€6,192 | -19.5% |
| Amounts payable | 17/49 | €34,744 | €31,110 | -€3,634 | -10.5% |
| Amounts payable after more than one year | 17 | €19,384 | €12,403 | -€6,981 | -36.0% |
| Financial debts | 170/4 | €19,384 | €12,403 | -€6,981 | -36.0% |
| Amounts payable within one year | 42/48 | €15,360 | €18,707 | +€3,347 | +21.8% |
| Current portion of amounts payable after more than one year | 42 | €6,656 | €6,981 | +€326 | +4.9% |
| Financial debts | 43 | €37 | - | -€37 | |
| Credit institutions | 430/8 | €37 | - | -€37 | |
| Trade debts | 44 | €3,762 | €4,867 | +€1,105 | +29.4% |
| Suppliers | 440/4 | €3,762 | €4,867 | +€1,105 | +29.4% |
| Taxes, remuneration and social security | 45 | €4,210 | €6,858 | +€2,648 | +62.9% |
| Taxes | 450/3 | €4,210 | €6,858 | +€2,648 | +62.9% |
| Other amounts payable | 47/48 | €696 | - | -€696 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,117 | €7,299 | +€182 | +2.6% |
| Other operating charges | 640/8 | €370 | €317 | -€52 | -14.1% |
| Gross operating margin | 9900 | €27,882 | €39,613 | +€11,732 | +42.1% |
| Operating profit (loss) | 9901 | €20,395 | €31,997 | +€11,602 | +56.9% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €1,611 | €1,331 | -€280 | -17.4% |
| Recurring financial charges | 65 | €1,611 | €1,331 | -€280 | -17.4% |
| Profit (loss) for the period before taxes | 9903 | €18,785 | €30,666 | +€11,882 | +63.3% |
| Income taxes | 67/77 | €4,100 | €6,858 | +€2,758 | +67.3% |
| Profit (loss) for the period | 9904 | €14,684 | €23,808 | +€9,123 | +62.1% |
| Profit (loss) for the period to be appropriated | 9905 | €14,684 | €23,808 | +€9,123 | +62.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.