delvaux deco: 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 deco
Largest movements
- Cash +€55,223
up €55,223 (+567%), from €9,731 to €64,954
mainly Net result for the year (+€27,108) and Receivables within one year (+€24,620)
- Receivables within one year -€24,620
down €24,620 (-76.4%), from €32,244 to €7,624
of which Trade receivables: -€23,942
- Tangible fixed assets -€6,488
down €6,488 (-58.9%), from €11,016 to €4,528
of which Furniture and vehicles: -€7,416
- Profit (loss) carried forward +€27,108
up €27,108 (+74.9%), from -€36,176 to -€9,068
- Reserves -€8,000
down €8,000 (-12.7%), from €62,934 to €54,934
of which Distributable reserves: -€8,000
- Other debts +€3,730
up €3,730 (+72.3%), from €5,161 to €8,891
- Trade debts +€3,173
up €3,173 (+57.3%), from €5,536 to €8,709
- Current portion of long-term debt -€1,794
down €1,794 (-100%), from €1,794 to €0
- Gross operating margin +€78,676
up €78,676, from -€26,012 to €52,663
- Staff costs +€14,569
up €14,569, from €0 to €14,569
- Other operating charges +€1,259
up €1,259 (+77.1%), from €1,633 to €2,893
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 | €57,305 | €82,002 | +€24,696 | +43.1% |
| Fixed assets | 21/28 | €11,016 | €4,528 | -€6,488 | -58.9% |
| Tangible fixed assets | 22/27 | €11,016 | €4,528 | -€6,488 | -58.9% |
| Plant, machinery and equipment | 23 | - | €928 | +€928 | |
| Furniture and vehicles | 24 | €11,016 | €3,600 | -€7,416 | -67.3% |
| Current assets | 29/58 | €46,289 | €77,474 | +€31,184 | +67.4% |
| Amounts receivable within one year | 40/41 | €32,244 | €7,624 | -€24,620 | -76.4% |
| Trade receivables | 40 | €26,025 | €2,082 | -€23,942 | -92.0% |
| Other amounts receivable | 41 | €6,219 | €5,542 | -€678 | -10.9% |
| Cash at bank and in hand | 54/58 | €9,731 | €64,954 | +€55,223 | +567% |
| Deferred charges and accrued income | 490/1 | €4,315 | €4,896 | +€581 | +13.5% |
| Total equity and liabilities | 10/49 | €57,305 | €82,002 | +€24,696 | +43.1% |
| Equity | 10/15 | €43,369 | €62,477 | +€19,108 | +44.1% |
| Contributions | 10/11 | €16,610 | €16,610 | = | 0.0% |
| Reserves | 13 | €62,934 | €54,934 | -€8,000 | -12.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €61,074 | €53,074 | -€8,000 | -13.1% |
| Profit (loss) carried forward | 14 | -€36,176 | -€9,068 | +€27,108 | +74.9% |
| Amounts payable | 17/49 | €13,937 | €19,525 | +€5,588 | +40.1% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €13,594 | €19,525 | +€5,931 | +43.6% |
| Current portion of amounts payable after more than one year | 42 | €1,794 | €0 | -€1,794 | -100% |
| Trade debts | 44 | €5,536 | €8,709 | +€3,173 | +57.3% |
| Suppliers | 440/4 | €5,536 | €8,709 | +€3,173 | +57.3% |
| Taxes, remuneration and social security | 45 | €1,102 | €1,924 | +€822 | +74.6% |
| Taxes | 450/3 | €1,102 | €550 | -€552 | -50.1% |
| Remuneration and social security | 454/9 | €0 | €1,374 | +€1,374 | |
| Other amounts payable | 47/48 | €5,161 | €8,891 | +€3,730 | +72.3% |
| Accrued charges and deferred income | 492/3 | €343 | €0 | -€343 | -100% |
| Remuneration, social security and pensions | 62 | €0 | €14,569 | +€14,569 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,672 | €7,590 | -€82 | -1.1% |
| Other operating charges | 640/8 | €1,633 | €2,893 | +€1,259 | +77.1% |
| Gross operating margin | 9900 | -€26,012 | €52,663 | +€78,676 | |
| Operating profit (loss) | 9901 | -€35,317 | €27,612 | +€62,929 | |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €555 | €229 | -€326 | -58.7% |
| Recurring financial charges | 65 | €555 | €229 | -€326 | -58.7% |
| Profit (loss) for the period before taxes | 9903 | -€35,872 | €27,383 | +€63,255 | |
| Income taxes | 67/77 | €303 | €275 | -€28 | -9.4% |
| Profit (loss) for the period | 9904 | -€36,175 | €27,108 | +€63,283 | |
| Profit (loss) for the period to be appropriated | 9905 | -€36,175 | €27,108 | +€63,283 |
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.