DELVIACO: 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.
DELVIACO
Largest movements
- Cash +€518,186
up €518,186 (+118.0%), from €439,243 to €957,429
mainly Net result for the year (+€979,067) and Tax, wage and social debts (+€283,986)
- Tangible fixed assets +€143,079
up €143,079 (+42.0%), from €340,525 to €483,604
of which Furniture and vehicles: +€93,071
- Receivables within one year -€112,750
down €112,750 (-15.9%), from €708,011 to €595,261
of which Trade receivables: -€261,986
- Reserves +€1.5m
new in 2025: €1.5m
- Trade debts -€655,909
down €655,909 (-90.1%), from €727,777 to €71,868
- Profit (loss) carried forward -€579,999
no longer reported in 2025 (was €579,999)
- Tax, wage and social debts +€283,986
up €283,986 (+403.7%), from €70,348 to €354,334
of which Taxes: +€266,399
- Debts after one year -€29,953
down €29,953 (-50.8%), from €59,004 to €29,051
- Gross operating margin +€830,525
up €830,525 (+82.7%), from €1.0m to €1.8m
- Taxes +€264,165
up €264,165 (+145.6%), from €181,408 to €445,573
- Staff costs +€121,645
up €121,645 (+65.0%), from €187,185 to €308,831
- Depreciation +€31,554
up €31,554 (+49.7%), from €63,550 to €95,105
- Other operating charges +€19,887
up €19,887 (+833.8%), from €2,385 to €22,272
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 | €1,487,779 | €2,040,451 | +€552,673 | +37.1% |
| Fixed assets | 21/28 | €340,525 | €483,604 | +€143,079 | +42.0% |
| Tangible fixed assets | 22/27 | €340,525 | €483,604 | +€143,079 | +42.0% |
| Land and buildings | 22 | - | €39,185 | +€39,185 | |
| Plant, machinery and equipment | 23 | €227,339 | €238,163 | +€10,824 | +4.8% |
| Furniture and vehicles | 24 | €113,186 | €206,256 | +€93,071 | +82.2% |
| Current assets | 29/58 | €1,147,254 | €1,556,847 | +€409,593 | +35.7% |
| Amounts receivable within one year | 40/41 | €708,011 | €595,261 | -€112,750 | -15.9% |
| Trade receivables | 40 | €705,521 | €443,535 | -€261,986 | -37.1% |
| Other amounts receivable | 41 | €2,490 | €151,726 | +€149,236 | +5993.9% |
| Cash at bank and in hand | 54/58 | €439,243 | €957,429 | +€518,186 | +118.0% |
| Deferred charges and accrued income | 490/1 | - | €4,158 | +€4,158 | |
| Total equity and liabilities | 10/49 | €1,487,779 | €2,040,451 | +€552,673 | +37.1% |
| Equity | 10/15 | €588,999 | €1,515,339 | +€926,339 | +157.3% |
| Contributions | 10/11 | €9,000 | €9,000 | = | 0.0% |
| Reserves | 13 | - | €1,506,339 | +€1.5m | |
| Distributable reserves | 133 | - | €1,506,339 | +€1.5m | |
| Profit (loss) carried forward | 14 | €579,999 | - | -€579,999 | |
| Amounts payable | 17/49 | €898,779 | €525,112 | -€373,667 | -41.6% |
| Amounts payable after more than one year | 17 | €59,004 | €29,051 | -€29,953 | -50.8% |
| Financial debts | 170/4 | €59,004 | €29,051 | -€29,953 | -50.8% |
| Amounts payable within one year | 42/48 | €839,775 | €496,061 | -€343,714 | -40.9% |
| Current portion of amounts payable after more than one year | 42 | €41,650 | €69,722 | +€28,072 | +67.4% |
| Trade debts | 44 | €727,777 | €71,868 | -€655,909 | -90.1% |
| Suppliers | 440/4 | €727,777 | €71,868 | -€655,909 | -90.1% |
| Taxes, remuneration and social security | 45 | €70,348 | €354,334 | +€283,986 | +403.7% |
| Taxes | 450/3 | €60,375 | €326,774 | +€266,399 | +441.2% |
| Remuneration and social security | 454/9 | €9,973 | €27,560 | +€17,587 | +176.4% |
| Other amounts payable | 47/48 | - | €137 | +€137 | |
| Remuneration, social security and pensions | 62 | €187,185 | €308,831 | +€121,645 | +65.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,550 | €95,105 | +€31,554 | +49.7% |
| Other operating charges | 640/8 | €2,385 | €22,272 | +€19,887 | +833.8% |
| Gross operating margin | 9900 | €1,004,352 | €1,834,877 | +€830,525 | +82.7% |
| Operating profit (loss) | 9901 | €751,231 | €1,408,670 | +€657,438 | +87.5% |
| Financial income | 75/76B | €12,609 | €17,684 | +€5,076 | +40.3% |
| Recurring financial income | 75 | €12,609 | €17,684 | +€5,076 | +40.3% |
| Financial charges | 65/66B | €2,433 | €1,715 | -€718 | -29.5% |
| Recurring financial charges | 65 | €2,433 | €1,715 | -€718 | -29.5% |
| Profit (loss) for the period before taxes | 9903 | €761,407 | €1,424,640 | +€663,232 | +87.1% |
| Income taxes | 67/77 | €181,408 | €445,573 | +€264,165 | +145.6% |
| Profit (loss) for the period | 9904 | €579,999 | €979,067 | +€399,067 | +68.8% |
| Profit (loss) for the period to be appropriated | 9905 | €579,999 | €979,067 | +€399,067 | +68.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.