Delwiche: 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.
Delwiche
Largest movements
- Financial fixed assets -€63,405
down €63,405 (-26.3%), from €241,504 to €178,099
- Cash -€24,759
down €24,759 (-79.3%), from €31,220 to €6,461
mainly Net result for the year (-€60,640) and Other debts (-€28,371)
- Profit (loss) carried forward -€60,640
down €60,640 (-19.9%), from -€305,386 to -€366,025
- Other debts -€28,371
down €28,371 (-23.2%), from €122,100 to €93,729
- Financial charges +€13,158
up €13,158 (+1,371%), from €960 to €14,117
- Gross operating margin -€3,138
down €3,138 (-5.5%), from -€56,894 to -€60,032
- Financial income -€1,126
down €1,126 (-5.3%), from €21,396 to €20,270
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 | €376,795 | €287,882 | -€88,913 | -23.6% |
| Fixed assets | 21/28 | €345,567 | €280,097 | -€65,470 | -18.9% |
| Tangible fixed assets | 22/27 | €104,063 | €101,998 | -€2,065 | -2.0% |
| Land and buildings | 22 | €104,063 | €101,998 | -€2,065 | -2.0% |
| Financial fixed assets | 28 | €241,504 | €178,099 | -€63,405 | -26.3% |
| Current assets | 29/58 | €31,228 | €7,785 | -€23,443 | -75.1% |
| Amounts receivable within one year | 40/41 | €8 | €1,324 | +€1,316 | +16,226% |
| Other amounts receivable | 41 | €8 | €1,324 | +€1,316 | +16,226% |
| Cash at bank and in hand | 54/58 | €31,220 | €6,461 | -€24,759 | -79.3% |
| Total equity and liabilities | 10/49 | €376,795 | €287,882 | -€88,913 | -23.6% |
| Equity | 10/15 | €252,489 | €191,850 | -€60,640 | -24.0% |
| Contributions | 10/11 | €309,867 | €309,867 | = | 0.0% |
| Capital | 10 | €309,867 | €309,867 | = | 0.0% |
| Issued capital | 100 | €309,867 | €309,867 | = | 0.0% |
| Reserves | 13 | €248,008 | €248,008 | = | 0.0% |
| Non-distributable reserves | 130/1 | €30,987 | €30,987 | = | 0.0% |
| Legal reserve | 130 | €30,987 | €30,987 | = | 0.0% |
| Distributable reserves | 133 | €217,021 | €217,021 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€305,386 | -€366,025 | -€60,640 | -19.9% |
| Amounts payable | 17/49 | €124,306 | €96,032 | -€28,273 | -22.7% |
| Amounts payable within one year | 42/48 | €124,306 | €96,032 | -€28,273 | -22.7% |
| Trade debts | 44 | €206 | €303 | +€97 | +47.1% |
| Suppliers | 440/4 | €206 | €303 | +€97 | +47.1% |
| Taxes, remuneration and social security | 45 | €2,000 | €2,000 | = | 0.0% |
| Taxes | 450/3 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 47/48 | €122,100 | €93,729 | -€28,371 | -23.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,065 | €2,065 | +€0 | 0.0% |
| Other operating charges | 640/8 | €4,167 | €4,362 | +€194 | +4.7% |
| Gross operating margin | 9900 | -€56,894 | -€60,032 | -€3,138 | -5.5% |
| Operating profit (loss) | 9901 | -€63,127 | -€66,459 | -€3,332 | -5.3% |
| Financial income | 75/76B | €21,396 | €20,270 | -€1,126 | -5.3% |
| Recurring financial income | 75 | €21,396 | €20,270 | -€1,126 | -5.3% |
| Financial charges | 65/66B | €960 | €14,117 | +€13,158 | +1,371% |
| Recurring financial charges | 65 | €960 | €14,117 | +€13,158 | +1,371% |
| Profit (loss) for the period before taxes | 9903 | -€42,690 | -€60,306 | -€17,616 | -41.3% |
| Income taxes | 67/77 | -€3 | €334 | +€337 | |
| Profit (loss) for the period | 9904 | -€42,688 | -€60,640 | -€17,952 | -42.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€42,688 | -€60,640 | -€17,952 | -42.1% |
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 26 October 2026 via checked.be.