DELYS: 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.
DELYS
Largest movements
- Tangible fixed assets -€27,998
down €27,998 (-7.4%), from €375,959 to €347,961
of which Land and buildings: -€21,468
- Receivables within one year -€24,900
down €24,900 (-37.6%), from €66,254 to €41,354
of which Trade receivables: -€33,823
- Cash -€7,656
down €7,656 (-44.7%), from €17,142 to €9,486
mainly Net result for the year (-€75,584) and Debts after one year (-€35,331)
- Profit (loss) carried forward -€75,584
down €75,584 (-35.0%), from -€216,029 to -€291,613
- Tax, wage and social debts +€53,134
up €53,134 (+255.7%), from €20,780 to €73,914
of which Taxes: +€49,998
- Debts after one year -€35,331
down €35,331 (-6.7%), from €526,437 to €491,106
- Trade debts -€16,236
down €16,236 (-16.4%), from €99,163 to €82,927
- Current portion of long-term debt +€5,026
up €5,026 (+19.2%), from €26,168 to €31,194
- Gross operating margin +€22,469
up €22,469 (+45.6%), from €49,318 to €71,787
- Staff costs +€13,788
up €13,788 (+20.9%), from €66,083 to €79,871
- Financial charges +€10,086
up €10,086 (+66.9%), from €15,073 to €25,159
- Depreciation -€2,633
down €2,633 (-7.2%), from €36,694 to €34,061
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 | €475,119 | €406,128 | -€68,991 | -14.5% |
| Fixed assets | 21/28 | €386,803 | €354,603 | -€32,200 | -8.3% |
| Intangible fixed assets | 21 | €1,880 | €963 | -€917 | -48.8% |
| Tangible fixed assets | 22/27 | €375,959 | €347,961 | -€27,998 | -7.4% |
| Land and buildings | 22 | €356,752 | €335,284 | -€21,468 | -6.0% |
| Plant, machinery and equipment | 23 | €13,797 | €10,017 | -€3,780 | -27.4% |
| Furniture and vehicles | 24 | €5,410 | €2,660 | -€2,750 | -50.8% |
| Financial fixed assets | 28 | €8,964 | €5,679 | -€3,285 | -36.6% |
| Current assets | 29/58 | €88,316 | €51,525 | -€36,791 | -41.7% |
| Stocks and contracts in progress | 3 | €2,376 | €685 | -€1,691 | -71.2% |
| Stocks | 30/36 | €2,376 | €685 | -€1,691 | -71.2% |
| Amounts receivable within one year | 40/41 | €66,254 | €41,354 | -€24,900 | -37.6% |
| Trade receivables | 40 | €33,823 | - | -€33,823 | |
| Other amounts receivable | 41 | €32,431 | €41,354 | +€8,923 | +27.5% |
| Cash at bank and in hand | 54/58 | €17,142 | €9,486 | -€7,656 | -44.7% |
| Deferred charges and accrued income | 490/1 | €2,544 | - | -€2,544 | |
| Total equity and liabilities | 10/49 | €475,119 | €406,128 | -€68,991 | -14.5% |
| Equity | 10/15 | -€197,429 | -€273,013 | -€75,584 | -38.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€216,029 | -€291,613 | -€75,584 | -35.0% |
| Amounts payable | 17/49 | €672,548 | €679,141 | +€6,593 | +1.0% |
| Amounts payable after more than one year | 17 | €526,437 | €491,106 | -€35,331 | -6.7% |
| Financial debts | 170/4 | €526,437 | €491,106 | -€35,331 | -6.7% |
| Amounts payable within one year | 42/48 | €146,111 | €188,035 | +€41,924 | +28.7% |
| Current portion of amounts payable after more than one year | 42 | €26,168 | €31,194 | +€5,026 | +19.2% |
| Trade debts | 44 | €99,163 | €82,927 | -€16,236 | -16.4% |
| Suppliers | 440/4 | €99,163 | €82,927 | -€16,236 | -16.4% |
| Taxes, remuneration and social security | 45 | €20,780 | €73,914 | +€53,134 | +255.7% |
| Taxes | 450/3 | €10,706 | €60,704 | +€49,998 | +467.0% |
| Remuneration and social security | 454/9 | €10,074 | €13,210 | +€3,136 | +31.1% |
| Remuneration, social security and pensions | 62 | €66,083 | €79,871 | +€13,788 | +20.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,694 | €34,061 | -€2,633 | -7.2% |
| Other operating charges | 640/8 | €8,308 | €8,280 | -€28 | -0.3% |
| Gross operating margin | 9900 | €49,318 | €71,787 | +€22,469 | +45.6% |
| Operating profit (loss) | 9901 | -€61,767 | -€50,425 | +€11,342 | +18.4% |
| Financial income | 75/76B | €30 | - | -€30 | |
| Recurring financial income | 75 | €30 | - | -€30 | |
| Financial charges | 65/66B | €15,073 | €25,159 | +€10,086 | +66.9% |
| Recurring financial charges | 65 | €15,073 | €25,159 | +€10,086 | +66.9% |
| Profit (loss) for the period before taxes | 9903 | -€76,810 | -€75,584 | +€1,226 | +1.6% |
| Profit (loss) for the period | 9904 | -€76,810 | -€75,584 | +€1,226 | +1.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€76,810 | -€75,584 | +€1,226 | +1.6% |
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.