DELVAM: 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.
DELVAM
Largest movements
- Tangible fixed assets -€30,601
down €30,601 (-11.7%), from €261,942 to €231,341
of which Land and buildings: -€30,494
- Debts after one year -€22,993
down €22,993 (-9.1%), from €252,993 to €230,000
- Profit (loss) carried forward -€18,611
down €18,611 (-3.5%), from -€525,552 to -€544,162
- Trade debts +€18,465
up €18,465 (+3.6%), from €512,269 to €530,735
- Other debts -€5,939
down €5,939 (-3.4%), from €175,884 to €169,945
- Gross operating margin +€37,460
up €37,460 (+478.8%), from €7,823 to €45,283
- Taxes -€2,423
new in 2024: -€2,423
- Other operating charges +€2,403
up €2,403 (+41.7%), from €5,762 to €8,164
- Financial charges +€568
up €568 (+2.3%), from €24,928 to €25,496
- Depreciation -€463
down €463 (-1.4%), from €33,120 to €32,657
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €491,694 | €462,112 | -€29,581 | -6.0% |
| Fixed assets | 21/28 | €261,942 | €231,341 | -€30,601 | -11.7% |
| Tangible fixed assets | 22/27 | €261,942 | €231,341 | -€30,601 | -11.7% |
| Land and buildings | 22 | €253,766 | €223,272 | -€30,494 | -12.0% |
| Plant, machinery and equipment | 23 | €8,176 | €8,069 | -€107 | -1.3% |
| Current assets | 29/58 | €229,751 | €230,771 | +€1,020 | +0.4% |
| Stocks and contracts in progress | 3 | €219,964 | €219,981 | +€17 | 0.0% |
| Stocks | 30/36 | €219,964 | €219,981 | +€17 | 0.0% |
| Amounts receivable within one year | 40/41 | €8,086 | €6,392 | -€1,694 | -21.0% |
| Trade receivables | 40 | €5,736 | €4,228 | -€1,508 | -26.3% |
| Other amounts receivable | 41 | €2,350 | €2,164 | -€186 | -7.9% |
| Cash at bank and in hand | 54/58 | €205 | €225 | +€19 | +9.4% |
| Deferred charges and accrued income | 490/1 | €1,495 | €4,173 | +€2,678 | +179.1% |
| Total equity and liabilities | 10/49 | €491,694 | €462,112 | -€29,581 | -6.0% |
| Equity | 10/15 | -€488,025 | -€506,636 | -€18,611 | -3.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €18,927 | €18,927 | = | 0.0% |
| Non-distributable reserves | 130/1 | €532 | €532 | = | 0.0% |
| Reserves not available under the articles | 1311 | €532 | €532 | = | 0.0% |
| Distributable reserves | 133 | €18,395 | €18,395 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€525,552 | -€544,162 | -€18,611 | -3.5% |
| Amounts payable | 17/49 | €979,719 | €968,748 | -€10,971 | -1.1% |
| Amounts payable after more than one year | 17 | €252,993 | €230,000 | -€22,993 | -9.1% |
| Financial debts | 170/4 | €252,993 | €230,000 | -€22,993 | -9.1% |
| Amounts payable within one year | 42/48 | €726,726 | €738,748 | +€12,022 | +1.7% |
| Current portion of amounts payable after more than one year | 42 | €24,996 | €22,993 | -€2,003 | -8.0% |
| Financial debts | 43 | €13,577 | €11,401 | -€2,175 | -16.0% |
| Credit institutions | 430/8 | €13,577 | €11,401 | -€2,175 | -16.0% |
| Trade debts | 44 | €512,269 | €530,735 | +€18,465 | +3.6% |
| Suppliers | 440/4 | €512,269 | €530,735 | +€18,465 | +3.6% |
| Advances received on contracts in progress | 46 | - | €2,173 | +€2,173 | |
| Taxes, remuneration and social security | 45 | - | €1,502 | +€1,502 | |
| Taxes | 450/3 | - | €1,502 | +€1,502 | |
| Other amounts payable | 47/48 | €175,884 | €169,945 | -€5,939 | -3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,120 | €32,657 | -€463 | -1.4% |
| Other operating charges | 640/8 | €5,762 | €8,164 | +€2,403 | +41.7% |
| Gross operating margin | 9900 | €7,823 | €45,283 | +€37,460 | +478.8% |
| Operating profit (loss) | 9901 | -€31,058 | €4,462 | +€35,520 | |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €24,928 | €25,496 | +€568 | +2.3% |
| Recurring financial charges | 65 | €24,928 | €25,496 | +€568 | +2.3% |
| Profit (loss) for the period before taxes | 9903 | -€55,985 | -€21,034 | +€34,951 | +62.4% |
| Income taxes | 67/77 | - | -€2,423 | -€2,423 | |
| Profit (loss) for the period | 9904 | -€55,985 | -€18,611 | +€37,374 | +66.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€55,985 | -€18,611 | +€37,374 | +66.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.