DELVANIN: 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.
DELVANIN
Largest movements
- Tangible fixed assets -€18,356
down €18,356 (-5.7%), from €323,901 to €305,545
of which Land and buildings: -€17,356
- Cash -€7,666
down €7,666 (-66.8%), from €11,481 to €3,815
mainly Net result for the year (-€22,804) and Debts after one year (-€13,606)
- Profit (loss) carried forward -€22,804
down €22,804 (-24.2%), from -€94,271 to -€117,075
- Debts after one year -€13,606
down €13,606 (-7.8%), from €175,000 to €161,394
- Current portion of long-term debt +€12,579
new in 2024: €12,579
- Financial charges +€29,874
up €29,874 (+382.4%), from €7,813 to €37,687
of which Financial charges: +€29,441
- Gross operating margin +€12,838
up €12,838 (+38.8%), from €33,072 to €45,910
- Financial income -€771
no longer reported in 2024 (was €771)
- Other operating charges +€480
up €480 (+3.9%), from €12,192 to €12,672
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 | €352,502 | €326,480 | -€26,022 | -7.4% |
| Fixed assets | 21/28 | €323,901 | €305,545 | -€18,356 | -5.7% |
| Tangible fixed assets | 22/27 | €323,901 | €305,545 | -€18,356 | -5.7% |
| Land and buildings | 22 | €319,901 | €302,545 | -€17,356 | -5.4% |
| Furniture and vehicles | 24 | €4,000 | €3,000 | -€1,000 | -25.0% |
| Current assets | 29/58 | €28,601 | €20,935 | -€7,666 | -26.8% |
| Cash at bank and in hand | 54/58 | €11,481 | €3,815 | -€7,666 | -66.8% |
| Deferred charges and accrued income | 490/1 | €17,120 | €17,120 | = | 0.0% |
| Total equity and liabilities | 10/49 | €352,502 | €326,480 | -€26,022 | -7.4% |
| Equity | 10/15 | €142,226 | €119,421 | -€22,804 | -16.0% |
| Contributions | 10/11 | €235,174 | €235,174 | = | 0.0% |
| Capital | 10 | €235,174 | €235,174 | = | 0.0% |
| Issued capital | 100 | €235,174 | €235,174 | = | 0.0% |
| Reserves | 13 | €1,323 | €1,323 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,323 | €1,323 | = | 0.0% |
| Legal reserve | 130 | €1,323 | €1,323 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€94,271 | -€117,075 | -€22,804 | -24.2% |
| Amounts payable | 17/49 | €210,276 | €207,059 | -€3,218 | -1.5% |
| Amounts payable after more than one year | 17 | €175,000 | €161,394 | -€13,606 | -7.8% |
| Financial debts | 170/4 | €175,000 | €161,394 | -€13,606 | -7.8% |
| Amounts payable within one year | 42/48 | €32,652 | €45,665 | +€13,012 | +39.9% |
| Current portion of amounts payable after more than one year | 42 | - | €12,579 | +€12,579 | |
| Trade debts | 44 | €3,889 | €4,322 | +€433 | +11.1% |
| Suppliers | 440/4 | €3,889 | €4,322 | +€433 | +11.1% |
| Taxes, remuneration and social security | 45 | €7 | €7 | = | 0.0% |
| Taxes | 450/3 | €7 | €7 | = | 0.0% |
| Other amounts payable | 47/48 | €28,756 | €28,756 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €2,624 | - | -€2,624 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,356 | €18,356 | -€0 | 0.0% |
| Other operating charges | 640/8 | €12,192 | €12,672 | +€480 | +3.9% |
| Gross operating margin | 9900 | €33,072 | €45,910 | +€12,838 | +38.8% |
| Operating profit (loss) | 9901 | €2,524 | €14,882 | +€12,358 | +489.6% |
| Financial income | 75/76B | €771 | - | -€771 | |
| Recurring financial income | 75 | €771 | - | -€771 | |
| Financial charges | 65/66B | €7,813 | €37,687 | +€29,874 | +382.4% |
| Recurring financial charges | 65 | €7,813 | €37,254 | +€29,441 | +376.8% |
| Non-recurring financial charges | 66B | - | €433 | +€433 | |
| Profit (loss) for the period before taxes | 9903 | -€4,518 | -€22,804 | -€18,286 | -404.7% |
| Profit (loss) for the period | 9904 | -€4,518 | -€22,804 | -€18,286 | -404.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,518 | -€22,804 | -€18,286 | -404.7% |
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 5 October 2026 via checked.be.