DELVA: 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.
DELVA
Largest movements
- Tangible fixed assets +€9,042
up €9,042 (+2.0%), from €455,410 to €464,452
of which Land and buildings: +€10,539
- Other debts +€11,014
up €11,014 (+11.5%), from €95,621 to €106,635
- Gross operating margin +€8,782
up €8,782 (+49.2%), from €17,837 to €26,619
- Depreciation +€738
up €738 (+4.1%), from €17,921 to €18,659
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 | €468,243 | €479,687 | +€11,444 | +2.4% |
| Fixed assets | 21/28 | €455,410 | €464,452 | +€9,042 | +2.0% |
| Tangible fixed assets | 22/27 | €455,410 | €464,452 | +€9,042 | +2.0% |
| Land and buildings | 22 | €453,501 | €464,040 | +€10,539 | +2.3% |
| Plant, machinery and equipment | 23 | €1,909 | €413 | -€1,497 | -78.4% |
| Current assets | 29/58 | €12,833 | €15,235 | +€2,402 | +18.7% |
| Amounts receivable within one year | 40/41 | €169 | €76 | -€93 | -55.1% |
| Trade receivables | 40 | €169 | €76 | -€93 | -55.1% |
| Cash at bank and in hand | 54/58 | €12,664 | €15,159 | +€2,495 | +19.7% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €468,243 | €479,687 | +€11,444 | +2.4% |
| Equity | 10/15 | €353,599 | €351,928 | -€1,672 | -0.5% |
| Contributions | 10/11 | €371,840 | €371,840 | = | 0.0% |
| Capital | 10 | €371,840 | €371,840 | = | 0.0% |
| Issued capital | 100 | €371,840 | €371,840 | = | 0.0% |
| Reserves | 13 | €16,722 | €16,722 | = | 0.0% |
| Non-distributable reserves | 130/1 | €845 | €845 | = | 0.0% |
| Legal reserve | 130 | €845 | €845 | = | 0.0% |
| Distributable reserves | 133 | €15,877 | €15,877 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€34,963 | -€36,635 | -€1,672 | -4.8% |
| Amounts payable | 17/49 | €114,644 | €127,759 | +€13,116 | +11.4% |
| Amounts payable after more than one year | 17 | €724 | €724 | = | 0.0% |
| Other amounts payable | 178/9 | €724 | €724 | = | 0.0% |
| Amounts payable within one year | 42/48 | €112,063 | €124,346 | +€12,283 | +11.0% |
| Trade debts | 44 | €16,442 | €17,711 | +€1,269 | +7.7% |
| Suppliers | 440/4 | €16,442 | €17,711 | +€1,269 | +7.7% |
| Other amounts payable | 47/48 | €95,621 | €106,635 | +€11,014 | +11.5% |
| Accrued charges and deferred income | 492/3 | €1,857 | €2,690 | +€833 | +44.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,921 | €18,659 | +€738 | +4.1% |
| Other operating charges | 640/8 | €8,830 | €9,020 | +€190 | +2.2% |
| Non-recurring operating charges | 66A | - | €569 | +€569 | |
| Gross operating margin | 9900 | €17,837 | €26,619 | +€8,782 | +49.2% |
| Operating profit (loss) | 9901 | -€8,914 | -€1,629 | +€7,285 | +81.7% |
| Financial charges | 65/66B | €24 | €42 | +€18 | +76.0% |
| Recurring financial charges | 65 | €24 | €42 | +€18 | +76.0% |
| Profit (loss) for the period before taxes | 9903 | -€8,938 | -€1,672 | +€7,267 | +81.3% |
| Profit (loss) for the period | 9904 | -€8,938 | -€1,672 | +€7,267 | +81.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,938 | -€1,672 | +€7,267 | +81.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.