Delvans: 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.
Delvans
Largest movements
- Receivables within one year +€58,223
up €58,223 (+105.7%), from €55,071 to €113,294
of which Other amounts receivable: +€62,152
- Cash +€32,204
up €32,204 (+49.4%), from €65,225 to €97,429
mainly Other debts (+€131,587) and Depreciation (+€90,142)
- Stocks and contracts -€23,859
down €23,859 (-9.6%), from €247,480 to €223,621
- Other debts +€131,587
up €131,587 (+75.5%), from €174,311 to €305,898
- Profit (loss) carried forward -€77,026
down €77,026 (-491.3%), from -€15,679 to -€92,706
- Debts after one year -€52,500
down €52,500 (-13.2%), from €398,125 to €345,625
- Trade debts +€44,227
up €44,227 (+11.1%), from €398,589 to €442,817
- Short-term financial debts +€41,000
new in 2025: €41,000
- Gross operating margin +€81,746
up €81,746 (+34.2%), from €238,947 to €320,693
- Staff costs +€36,213
up €36,213 (+14.5%), from €249,600 to €285,813
- Depreciation +€14,526
up €14,526 (+19.2%), from €75,616 to €90,142
- Financial charges +€3,431
up €3,431 (+18.1%), from €18,916 to €22,348
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 | €1,300,965 | €1,380,622 | +€79,657 | +6.1% |
| Fixed assets | 21/28 | €928,476 | €939,753 | +€11,277 | +1.2% |
| Tangible fixed assets | 22/27 | €928,476 | €939,753 | +€11,277 | +1.2% |
| Plant, machinery and equipment | 23 | €46,551 | €72,607 | +€26,055 | +56.0% |
| Furniture and vehicles | 24 | €35,682 | €23,343 | -€12,339 | -34.6% |
| Other tangible fixed assets | 26 | €846,243 | €843,803 | -€2,440 | -0.3% |
| Current assets | 29/58 | €372,489 | €440,869 | +€68,380 | +18.4% |
| Stocks and contracts in progress | 3 | €247,480 | €223,621 | -€23,859 | -9.6% |
| Stocks | 30/36 | €247,480 | €223,621 | -€23,859 | -9.6% |
| Amounts receivable within one year | 40/41 | €55,071 | €113,294 | +€58,223 | +105.7% |
| Trade receivables | 40 | €11,224 | €7,295 | -€3,929 | -35.0% |
| Other amounts receivable | 41 | €43,847 | €105,999 | +€62,152 | +141.7% |
| Cash at bank and in hand | 54/58 | €65,225 | €97,429 | +€32,204 | +49.4% |
| Deferred charges and accrued income | 490/1 | €4,713 | €6,526 | +€1,813 | +38.5% |
| Total equity and liabilities | 10/49 | €1,300,965 | €1,380,622 | +€79,657 | +6.1% |
| Equity | 10/15 | €234,321 | €157,294 | -€77,026 | -32.9% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€15,679 | -€92,706 | -€77,026 | -491.3% |
| Amounts payable | 17/49 | €1,066,644 | €1,223,328 | +€156,683 | +14.7% |
| Amounts payable after more than one year | 17 | €398,125 | €345,625 | -€52,500 | -13.2% |
| Financial debts | 170/4 | €398,125 | €345,625 | -€52,500 | -13.2% |
| Amounts payable within one year | 42/48 | €668,519 | €877,703 | +€209,183 | +31.3% |
| Current portion of amounts payable after more than one year | 42 | €52,500 | €52,500 | = | 0.0% |
| Financial debts | 43 | - | €41,000 | +€41,000 | |
| Other loans | 439 | - | €41,000 | +€41,000 | |
| Trade debts | 44 | €398,589 | €442,817 | +€44,227 | +11.1% |
| Suppliers | 440/4 | €398,589 | €442,817 | +€44,227 | +11.1% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €43,119 | €35,488 | -€7,631 | -17.7% |
| Taxes | 450/3 | €2,983 | €0 | -€2,983 | -100.0% |
| Remuneration and social security | 454/9 | €40,136 | €35,488 | -€4,648 | -11.6% |
| Other amounts payable | 47/48 | €174,311 | €305,898 | +€131,587 | +75.5% |
| Remuneration, social security and pensions | 62 | €249,600 | €285,813 | +€36,213 | +14.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75,616 | €90,142 | +€14,526 | +19.2% |
| Other operating charges | 640/8 | €806 | €841 | +€35 | +4.4% |
| Non-recurring operating charges | 66A | €2,893 | €0 | -€2,893 | -100.0% |
| Gross operating margin | 9900 | €238,947 | €320,693 | +€81,746 | +34.2% |
| Operating profit (loss) | 9901 | -€89,968 | -€56,103 | +€33,865 | +37.6% |
| Financial income | 75/76B | €369 | €1,424 | +€1,055 | +286.2% |
| Recurring financial income | 75 | €369 | €1,424 | +€1,055 | +286.2% |
| Financial charges | 65/66B | €18,916 | €22,348 | +€3,431 | +18.1% |
| Recurring financial charges | 65 | €18,916 | €22,348 | +€3,431 | +18.1% |
| Profit (loss) for the period before taxes | 9903 | -€108,516 | -€77,026 | +€31,490 | +29.0% |
| Profit (loss) for the period | 9904 | -€108,516 | -€77,026 | +€31,490 | +29.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€108,516 | -€77,026 | +€31,490 | +29.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.