DELS: 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.
DELS
Largest movements
- Cash -€2,123
down €2,123 (-72.6%), from €2,924 to €802
mainly Investment in fixed assets (net) (-€2,352) and Net result for the year (-€1,903)
- Receivables within one year +€622
new in 2025: €622
- Tangible fixed assets +€436
up €436 (+16.8%), from €2,604 to €3,041
of which Furniture and vehicles: +€2,051
- Profit (loss) carried forward -€1,903
down €1,903 (-83.2%), from €2,287 to €384
- Other debts +€1,000
new in 2025: €1,000
- Trade debts -€335
down €335 (-33.9%), from €986 to €652
- Tax, wage and social debts +€173
up €173 (+67.6%), from €255 to €428
- Other operating charges -€530
down €530 (-52.9%), from €1,002 to €472
- Gross operating margin -€254
down €254 (-30.8%), from €826 to €571
- Depreciation -€48
down €48 (-2.5%), from €1,964 to €1,916
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 | €5,529 | €4,464 | -€1,065 | -19.3% |
| Fixed assets | 21/28 | €2,604 | €3,041 | +€436 | +16.8% |
| Tangible fixed assets | 22/27 | €2,604 | €3,041 | +€436 | +16.8% |
| Plant, machinery and equipment | 23 | €2,604 | €990 | -€1,614 | -62.0% |
| Furniture and vehicles | 24 | - | €2,051 | +€2,051 | |
| Current assets | 29/58 | €2,924 | €1,423 | -€1,501 | -51.3% |
| Amounts receivable within one year | 40/41 | - | €622 | +€622 | |
| Trade receivables | 40 | - | €622 | +€622 | |
| Cash at bank and in hand | 54/58 | €2,924 | €802 | -€2,123 | -72.6% |
| Total equity and liabilities | 10/49 | €5,529 | €4,464 | -€1,065 | -19.3% |
| Equity | 10/15 | €4,287 | €2,384 | -€1,903 | -44.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,287 | €384 | -€1,903 | -83.2% |
| Amounts payable | 17/49 | €1,242 | €2,080 | +€838 | +67.5% |
| Amounts payable within one year | 42/48 | €1,242 | €2,080 | +€838 | +67.5% |
| Trade debts | 44 | €986 | €652 | -€335 | -33.9% |
| Suppliers | 440/4 | €986 | €652 | -€335 | -33.9% |
| Taxes, remuneration and social security | 45 | €255 | €428 | +€173 | +67.6% |
| Taxes | 450/3 | €255 | €428 | +€173 | +67.6% |
| Other amounts payable | 47/48 | - | €1,000 | +€1,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,964 | €1,916 | -€48 | -2.5% |
| Other operating charges | 640/8 | €1,002 | €472 | -€530 | -52.9% |
| Gross operating margin | 9900 | €826 | €571 | -€254 | -30.8% |
| Operating profit (loss) | 9901 | -€2,140 | -€1,816 | +€324 | +15.1% |
| Financial charges | 65/66B | €87 | €87 | -€0 | -0.1% |
| Recurring financial charges | 65 | €87 | €87 | -€0 | -0.1% |
| Profit (loss) for the period before taxes | 9903 | -€2,227 | -€1,903 | +€324 | +14.5% |
| Profit (loss) for the period | 9904 | -€2,227 | -€1,903 | +€324 | +14.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,227 | -€1,903 | +€324 | +14.5% |
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 7 October 2026 via checked.be.