DELVAN SERVICE: 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.
DELVAN SERVICE
Largest movements
- Tangible fixed assets +€153,619
up €153,619 (+61.1%), from €251,252 to €404,872
of which Assets under construction and advance payments: +€192,000
- Receivables within one year -€54,120
down €54,120 (-56.0%), from €96,611 to €42,490
of which Trade receivables: -€58,320
- Cash +€38,957
up €38,957 (+119%), from €32,609 to €71,566
mainly Debts after one year (+€164,941) and Depreciation (+€82,639)
- Deferred charges and accrued income -€8,428
down €8,428 (-64.0%), from €13,165 to €4,737
- Debts after one year +€164,941
up €164,941 (+127%), from €129,704 to €294,645
- Other debts -€46,546
down €46,546 (-45.3%), from €102,675 to €56,130
- Profit (loss) carried forward +€9,399
up €9,399 (+6.2%), from €152,732 to €162,131
- Depreciation +€8,779
up €8,779 (+11.9%), from €73,860 to €82,639
- Gross operating margin -€7,617
down €7,617 (-6.9%), from €111,113 to €103,496
- Taxes -€2,418
down €2,418 (-63.3%), from €3,820 to €1,402
- Staff costs -€1,136
no longer reported in 2025 (was €1,136)
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 | €493,256 | €623,794 | +€130,538 | +26.5% |
| Fixed assets | 21/28 | €251,252 | €404,872 | +€153,619 | +61.1% |
| Tangible fixed assets | 22/27 | €251,252 | €404,872 | +€153,619 | +61.1% |
| Plant, machinery and equipment | 23 | €116,923 | €82,828 | -€34,094 | -29.2% |
| Furniture and vehicles | 24 | €3,034 | €1,454 | -€1,580 | -52.1% |
| Leasing and similar rights | 25 | €131,295 | €128,589 | -€2,706 | -2.1% |
| Assets under construction and advance payments | 27 | - | €192,000 | +€192,000 | |
| Current assets | 29/58 | €242,004 | €218,922 | -€23,082 | -9.5% |
| Stocks and contracts in progress | 3 | €99,619 | €100,128 | +€509 | +0.5% |
| Stocks | 30/36 | €99,619 | €100,128 | +€509 | +0.5% |
| Amounts receivable within one year | 40/41 | €96,611 | €42,490 | -€54,120 | -56.0% |
| Trade receivables | 40 | €91,212 | €32,892 | -€58,320 | -63.9% |
| Other amounts receivable | 41 | €5,399 | €9,598 | +€4,199 | +77.8% |
| Cash at bank and in hand | 54/58 | €32,609 | €71,566 | +€38,957 | +119% |
| Deferred charges and accrued income | 490/1 | €13,165 | €4,737 | -€8,428 | -64.0% |
| Total equity and liabilities | 10/49 | €493,256 | €623,794 | +€130,538 | +26.5% |
| Equity | 10/15 | €171,332 | €180,731 | +€9,399 | +5.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €152,732 | €162,131 | +€9,399 | +6.2% |
| Amounts payable | 17/49 | €321,924 | €443,063 | +€121,139 | +37.6% |
| Amounts payable after more than one year | 17 | €129,704 | €294,645 | +€164,941 | +127% |
| Financial debts | 170/4 | €129,704 | €294,645 | +€164,941 | +127% |
| Amounts payable within one year | 42/48 | €192,220 | €148,418 | -€43,802 | -22.8% |
| Current portion of amounts payable after more than one year | 42 | €56,884 | €58,479 | +€1,595 | +2.8% |
| Trade debts | 44 | €27,893 | €29,836 | +€1,943 | +7.0% |
| Suppliers | 440/4 | €27,893 | €29,836 | +€1,943 | +7.0% |
| Taxes, remuneration and social security | 45 | €4,767 | €3,973 | -€794 | -16.7% |
| Taxes | 450/3 | €3,206 | €2,473 | -€733 | -22.9% |
| Remuneration and social security | 454/9 | €1,561 | €1,500 | -€61 | -3.9% |
| Other amounts payable | 47/48 | €102,675 | €56,130 | -€46,546 | -45.3% |
| Non-recurring operating income | 76A | - | €1,633 | +€1,633 | |
| Remuneration, social security and pensions | 62 | €1,136 | - | -€1,136 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,860 | €82,639 | +€8,779 | +11.9% |
| Other operating charges | 640/8 | €1,081 | €838 | -€243 | -22.5% |
| Non-recurring operating charges | 66A | €103 | - | -€103 | |
| Gross operating margin | 9900 | €111,113 | €103,496 | -€7,617 | -6.9% |
| Operating profit (loss) | 9901 | €34,932 | €20,019 | -€14,913 | -42.7% |
| Financial income | 75/76B | €50 | €1 | -€49 | -99.0% |
| Recurring financial income | 75 | €50 | €1 | -€49 | -99.0% |
| Financial charges | 65/66B | €9,092 | €9,219 | +€127 | +1.4% |
| Recurring financial charges | 65 | €9,092 | €9,219 | +€127 | +1.4% |
| Profit (loss) for the period before taxes | 9903 | €25,890 | €10,801 | -€15,090 | -58.3% |
| Income taxes | 67/77 | €3,820 | €1,402 | -€2,418 | -63.3% |
| Profit (loss) for the period | 9904 | €22,070 | €9,399 | -€12,671 | -57.4% |
| Profit (loss) for the period to be appropriated | 9905 | €22,070 | €9,399 | -€12,671 | -57.4% |
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 15 October 2026 via checked.be.