DELVANOG: 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.
DELVANOG
Largest movements
- Receivables within one year +€96,966
up €96,966 (+19.3%), from €501,734 to €598,700
of which Other amounts receivable: +€100,232
- Tangible fixed assets -€28,836
down €28,836 (-3.3%), from €884,272 to €855,437
of which Land and buildings: -€29,489
- Cash +€27,872
up €27,872 (+11265.6%), from €247 to €28,120
mainly Other debts (+€77,367) and Depreciation (+€41,925)
- Other debts +€77,367
up €77,367 (+9.6%), from €807,329 to €884,696
- Reserves +€28,082
up €28,082 (+9.8%), from €287,207 to €315,289
- Debts after one year -€25,333
down €25,333 (-13.4%), from €188,667 to €163,333
- Advances received +€17,103
new in 2025: €17,103
- Taxes +€7,681
up €7,681 (+61.2%), from €12,550 to €20,230
- Gross operating margin -€6,557
down €6,557 (-5.5%), from €118,339 to €111,782
- Financial charges -€6,231
down €6,231 (-28.5%), from €21,848 to €15,618
- Other operating charges -€1,278
down €1,278 (-17.7%), from €7,205 to €5,927
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 | €1,389,703 | €1,484,078 | +€94,375 | +6.8% |
| Fixed assets | 21/28 | €885,060 | €856,225 | -€28,836 | -3.3% |
| Tangible fixed assets | 22/27 | €884,272 | €855,437 | -€28,836 | -3.3% |
| Land and buildings | 22 | €883,331 | €853,842 | -€29,489 | -3.3% |
| Plant, machinery and equipment | 23 | - | €1,147 | +€1,147 | |
| Furniture and vehicles | 24 | €942 | €448 | -€494 | -52.4% |
| Financial fixed assets | 28 | €788 | €788 | = | 0.0% |
| Current assets | 29/58 | €504,643 | €627,853 | +€123,210 | +24.4% |
| Amounts receivable within one year | 40/41 | €501,734 | €598,700 | +€96,966 | +19.3% |
| Trade receivables | 40 | €92,401 | €89,135 | -€3,266 | -3.5% |
| Other amounts receivable | 41 | €409,333 | €509,565 | +€100,232 | +24.5% |
| Cash at bank and in hand | 54/58 | €247 | €28,120 | +€27,872 | +11265.6% |
| Deferred charges and accrued income | 490/1 | €2,661 | €1,033 | -€1,628 | -61.2% |
| Total equity and liabilities | 10/49 | €1,389,703 | €1,484,078 | +€94,375 | +6.8% |
| Equity | 10/15 | €293,407 | €321,489 | +€28,082 | +9.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €287,207 | €315,289 | +€28,082 | +9.8% |
| Distributable reserves | 133 | €287,207 | €315,289 | +€28,082 | +9.8% |
| Amounts payable | 17/49 | €1,096,296 | €1,162,588 | +€66,293 | +6.0% |
| Amounts payable after more than one year | 17 | €188,667 | €163,333 | -€25,333 | -13.4% |
| Financial debts | 170/4 | €188,667 | €163,333 | -€25,333 | -13.4% |
| Amounts payable within one year | 42/48 | €907,629 | €999,255 | +€91,626 | +10.1% |
| Current portion of amounts payable after more than one year | 42 | €25,333 | €25,333 | = | 0.0% |
| Financial debts | 43 | €25,000 | €25,000 | = | 0.0% |
| Credit institutions | 430/8 | €25,000 | €25,000 | = | 0.0% |
| Trade debts | 44 | €2,703 | €4,774 | +€2,071 | +76.6% |
| Suppliers | 440/4 | €2,703 | €4,774 | +€2,071 | +76.6% |
| Advances received on contracts in progress | 46 | - | €17,103 | +€17,103 | |
| Taxes, remuneration and social security | 45 | €47,264 | €42,348 | -€4,916 | -10.4% |
| Taxes | 450/3 | €47,264 | €42,348 | -€4,916 | -10.4% |
| Other amounts payable | 47/48 | €807,329 | €884,696 | +€77,367 | +9.6% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,327 | €41,925 | +€598 | +1.4% |
| Other operating charges | 640/8 | €7,205 | €5,927 | -€1,278 | -17.7% |
| Gross operating margin | 9900 | €118,339 | €111,782 | -€6,557 | -5.5% |
| Operating profit (loss) | 9901 | €69,807 | €63,930 | -€5,878 | -8.4% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €21,848 | €15,618 | -€6,231 | -28.5% |
| Recurring financial charges | 65 | €21,848 | €15,618 | -€6,231 | -28.5% |
| Profit (loss) for the period before taxes | 9903 | €47,959 | €48,312 | +€353 | +0.7% |
| Income taxes | 67/77 | €12,550 | €20,230 | +€7,681 | +61.2% |
| Profit (loss) for the period | 9904 | €35,409 | €28,082 | -€7,328 | -20.7% |
| Profit (loss) for the period to be appropriated | 9905 | €35,409 | €28,082 | -€7,328 | -20.7% |
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 2 October 2026 via checked.be.