DELVAUX CONSEILS: 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.
DELVAUX CONSEILS
Largest movements
- Receivables within one year +€35,255
up €35,255 (+91.5%), from €38,533 to €73,788
of which Trade receivables: +€34,960
- Tangible fixed assets -€17,055
down €17,055 (-5.2%), from €328,156 to €311,101
of which Land and buildings: -€16,757
- Reserves +€168,000
up €168,000 (+139%), from €121,000 to €289,000
- Profit (loss) carried forward -€160,728
down €160,728 (-99.5%), from €161,464 to €736
- Trade debts +€9,500
up €9,500 (+52.5%), from €18,100 to €27,600
- Gross operating margin +€26,253
up €26,253 (+28.8%), from €91,086 to €117,339
- Staff costs +€11,777
up €11,777 (+17.0%), from €69,326 to €81,102
- Taxes +€3,387
new in 2025: €3,387
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 | €371,501 | €389,790 | +€18,289 | +4.9% |
| Fixed assets | 21/28 | €328,156 | €311,101 | -€17,055 | -5.2% |
| Tangible fixed assets | 22/27 | €328,156 | €311,101 | -€17,055 | -5.2% |
| Land and buildings | 22 | €327,439 | €310,682 | -€16,757 | -5.1% |
| Furniture and vehicles | 24 | €7 | - | -€7 | |
| Leasing and similar rights | 25 | €709 | €419 | -€290 | -40.9% |
| Current assets | 29/58 | €43,346 | €78,689 | +€35,343 | +81.5% |
| Amounts receivable within one year | 40/41 | €38,533 | €73,788 | +€35,255 | +91.5% |
| Trade receivables | 40 | €27,081 | €62,041 | +€34,960 | +129% |
| Other amounts receivable | 41 | €11,452 | €11,747 | +€295 | +2.6% |
| Cash at bank and in hand | 54/58 | €4,813 | €3,038 | -€1,775 | -36.9% |
| Deferred charges and accrued income | 490/1 | - | €1,862 | +€1,862 | |
| Total equity and liabilities | 10/49 | €371,501 | €389,790 | +€18,289 | +4.9% |
| Equity | 10/15 | €296,820 | €304,092 | +€7,272 | +2.5% |
| Contributions | 10/11 | €14,357 | €14,357 | = | 0.0% |
| Reserves | 13 | €121,000 | €289,000 | +€168,000 | +139% |
| Distributable reserves | 133 | €121,000 | €289,000 | +€168,000 | +139% |
| Profit (loss) carried forward | 14 | €161,464 | €736 | -€160,728 | -99.5% |
| Amounts payable | 17/49 | €74,681 | €85,697 | +€11,016 | +14.8% |
| Amounts payable within one year | 42/48 | €74,681 | €85,697 | +€11,016 | +14.8% |
| Trade debts | 44 | €18,100 | €27,600 | +€9,500 | +52.5% |
| Suppliers | 440/4 | €18,100 | €27,600 | +€9,500 | +52.5% |
| Taxes, remuneration and social security | 45 | €20,977 | €22,759 | +€1,782 | +8.5% |
| Taxes | 450/3 | €8,972 | €12,159 | +€3,187 | +35.5% |
| Remuneration and social security | 454/9 | €12,005 | €10,600 | -€1,405 | -11.7% |
| Other amounts payable | 47/48 | €35,604 | €35,338 | -€266 | -0.7% |
| Remuneration, social security and pensions | 62 | €69,326 | €81,102 | +€11,777 | +17.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,068 | €17,055 | -€14 | -0.1% |
| Other operating charges | 640/8 | €7,920 | €8,709 | +€789 | +10.0% |
| Gross operating margin | 9900 | €91,086 | €117,339 | +€26,253 | +28.8% |
| Operating profit (loss) | 9901 | -€3,228 | €10,473 | +€13,701 | |
| Financial income | 75/76B | €1 | €295 | +€295 | +58,950% |
| Recurring financial income | 75 | €1 | €295 | +€295 | +58,950% |
| Financial charges | 65/66B | €263 | €109 | -€154 | -58.5% |
| Recurring financial charges | 65 | €263 | €109 | -€154 | -58.5% |
| Profit (loss) for the period before taxes | 9903 | -€3,490 | €10,659 | +€14,149 | |
| Income taxes | 67/77 | - | €3,387 | +€3,387 | |
| Profit (loss) for the period | 9904 | -€3,490 | €7,272 | +€10,762 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,490 | €7,272 | +€10,762 |
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 29 October 2026 via checked.be.