Delva Drive: what changed
Two financial 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 Drive
Largest movements
- Stocks and contracts -€78,258
down €78,258 (-12.8%), from €611,623 to €533,365
- Cash +€67,744
up €67,744 (+9.7%), from €695,680 to €763,423
mainly Stocks and contracts (+€78,258) and Depreciation (+€35,210)
- Tangible fixed assets -€31,845
down €31,845 (-24.5%), from €129,993 to €98,148
of which Land and buildings: -€26,670
- Tax, wage and social debts -€39,817
down €39,817 (-57.6%), from €69,130 to €29,313
of which Taxes: -€34,271
- Gross operating margin -€332,035
down €332,035 (-85.3%), from €389,065 to €57,030
- Staff costs -€115,277
down €115,277, from €113,222 to -€2,055
- Taxes -€50,762
down €50,762 (-75.1%), from €67,587 to €16,825
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.
Derived cash bridge
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 | €1,452,613 | €1,421,609 | -€31,004 | -2.1% |
| Fixed assets | 21/28 | €129,993 | €98,148 | -€31,845 | -24.5% |
| Tangible fixed assets | 22/27 | €129,993 | €98,148 | -€31,845 | -24.5% |
| Land and buildings | 22 | €120,331 | €93,661 | -€26,670 | -22.2% |
| Plant, machinery and equipment | 23 | €9,661 | €4,487 | -€5,175 | -53.6% |
| Current assets | 29/58 | €1,322,620 | €1,323,461 | +€841 | +0.1% |
| Stocks and contracts in progress | 3 | €611,623 | €533,365 | -€78,258 | -12.8% |
| Stocks | 30/36 | €611,623 | €533,365 | -€78,258 | -12.8% |
| Amounts receivable within one year | 40/41 | €15,318 | €26,673 | +€11,355 | +74.1% |
| Trade receivables | 40 | €15,318 | €26,673 | +€11,355 | +74.1% |
| Cash at bank and in hand | 54/58 | €695,680 | €763,423 | +€67,744 | +9.7% |
| Total equity and liabilities | 10/49 | €1,452,613 | €1,421,609 | -€31,004 | -2.1% |
| Equity | 10/15 | €1,380,439 | €1,376,395 | -€4,044 | -0.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,374,239 | €1,374,239 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,372,379 | €1,372,379 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€4,044 | -€4,044 | |
| Amounts payable | 17/49 | €72,173 | €45,214 | -€26,960 | -37.4% |
| Amounts payable within one year | 42/48 | €72,173 | €45,214 | -€26,960 | -37.4% |
| Trade debts | 44 | €624 | €11,979 | +€11,355 | +1,818% |
| Suppliers | 440/4 | €624 | €11,979 | +€11,355 | +1,818% |
| Taxes, remuneration and social security | 45 | €69,130 | €29,313 | -€39,817 | -57.6% |
| Taxes | 450/3 | €63,584 | €29,313 | -€34,271 | -53.9% |
| Remuneration and social security | 454/9 | €5,546 | - | -€5,546 | |
| Other amounts payable | 47/48 | €2,419 | €3,922 | +€1,503 | +62.1% |
| Non-recurring operating income | 76A | €3,641 | - | -€3,641 | |
| Remuneration, social security and pensions | 62 | €113,222 | -€2,055 | -€115,277 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,511 | €35,210 | -€301 | -0.8% |
| Other operating charges | 640/8 | €10,360 | €10,421 | +€62 | +0.6% |
| Gross operating margin | 9900 | €389,065 | €57,030 | -€332,035 | -85.3% |
| Operating profit (loss) | 9901 | €229,973 | €13,454 | -€216,519 | -94.1% |
| Financial income | 75/76B | €87 | €55 | -€32 | -36.5% |
| Recurring financial income | 75 | €87 | €55 | -€32 | -36.5% |
| Financial charges | 65/66B | €2,379 | €728 | -€1,651 | -69.4% |
| Recurring financial charges | 65 | €2,379 | €728 | -€1,651 | -69.4% |
| Profit (loss) for the period before taxes | 9903 | €227,681 | €12,781 | -€214,900 | -94.4% |
| Income taxes | 67/77 | €67,587 | €16,825 | -€50,762 | -75.1% |
| Profit (loss) for the period | 9904 | €160,094 | -€4,044 | -€164,138 | |
| Profit (loss) for the period to be appropriated | 9905 | €160,094 | -€4,044 | -€164,138 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.