DELVAULX: 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.
DELVAULX
Largest movements
- Cash -€10,217
down €10,217 (-90.6%), from €11,281 to €1,064
mainly Other debts (-€8,347) and Net result for the year (-€1,807)
- Receivables within one year -€1,468
down €1,468 (-94.9%), from €1,547 to €79
of which Trade receivables: -€1,381
- Other debts -€8,347
down €8,347 (-50.7%), from €16,457 to €8,110
- Profit (loss) carried forward -€1,807
down €1,807, from €497 to -€1,310
- Trade debts -€1,298
no longer reported in 2025 (was €1,298)
- Tax, wage and social debts -€233
no longer reported in 2025 (was €233)
- Gross operating margin +€10,077
up €10,077 (+89.1%), from -€11,310 to -€1,233
- Depreciation -€2,012
no longer reported in 2025 (was €2,012)
- Financial income -€1,252
no longer reported in 2025 (was €1,252)
of which Non-recurring financial income: -€1,250
- Other operating charges -€648
down €648 (-61.8%), from €1,047 to €400
- Taxes -€233
no longer reported in 2025 (was €233)
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 | €18,486 | €6,800 | -€11,686 | -63.2% |
| Fixed assets | 21/28 | €5,657 | €5,657 | = | 0.0% |
| Tangible fixed assets | 22/27 | €5,657 | €5,657 | = | 0.0% |
| Plant, machinery and equipment | 23 | €5,657 | €5,657 | = | 0.0% |
| Current assets | 29/58 | €12,829 | €1,143 | -€11,686 | -91.1% |
| Amounts receivable within one year | 40/41 | €1,547 | €79 | -€1,468 | -94.9% |
| Trade receivables | 40 | €1,381 | - | -€1,381 | |
| Other amounts receivable | 41 | €166 | €79 | -€87 | -52.4% |
| Cash at bank and in hand | 54/58 | €11,281 | €1,064 | -€10,217 | -90.6% |
| Total equity and liabilities | 10/49 | €18,486 | €6,800 | -€11,686 | -63.2% |
| Equity | 10/15 | €497 | -€1,310 | -€1,807 | |
| Profit (loss) carried forward | 14 | €497 | -€1,310 | -€1,807 | |
| Amounts payable | 17/49 | €17,989 | €8,110 | -€9,879 | -54.9% |
| Amounts payable within one year | 42/48 | €17,989 | €8,110 | -€9,879 | -54.9% |
| Trade debts | 44 | €1,298 | - | -€1,298 | |
| Suppliers | 440/4 | €1,298 | - | -€1,298 | |
| Taxes, remuneration and social security | 45 | €233 | - | -€233 | |
| Taxes | 450/3 | €233 | - | -€233 | |
| Other amounts payable | 47/48 | €16,457 | €8,110 | -€8,347 | -50.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,012 | - | -€2,012 | |
| Other operating charges | 640/8 | €1,047 | €400 | -€648 | -61.8% |
| Non-recurring operating charges | 66A | €3,212 | - | -€3,212 | |
| Gross operating margin | 9900 | -€11,310 | -€1,233 | +€10,077 | +89.1% |
| Operating profit (loss) | 9901 | -€17,582 | -€1,633 | +€15,948 | +90.7% |
| Financial income | 75/76B | €1,252 | - | -€1,252 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Non-recurring financial income | 76B | €1,250 | - | -€1,250 | |
| Financial charges | 65/66B | €91 | €174 | +€83 | +91.4% |
| Recurring financial charges | 65 | €91 | €174 | +€83 | +91.4% |
| Profit (loss) for the period before taxes | 9903 | -€16,421 | -€1,807 | +€14,613 | +89.0% |
| Income taxes | 67/77 | €233 | - | -€233 | |
| Profit (loss) for the period | 9904 | -€16,654 | -€1,807 | +€14,846 | +89.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,654 | -€1,807 | +€14,846 | +89.1% |
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 11 October 2026 via checked.be.