DELZANDRE IMMO: 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.
DELZANDRE IMMO
Largest movements
- Stocks and contracts -€269,988
down €269,988 (-78.3%), from €344,895 to €74,908
- Tangible fixed assets +€21,889
up €21,889 (+15.3%), from €142,960 to €164,849
of which Furniture and vehicles: +€27,164
- Receivables within one year +€11,081
up €11,081 (+1549.4%), from €715 to €11,796
of which Trade receivables: +€11,796
- Deferred charges and accrued income +€9,095
new in 2025: €9,095
- Cash +€8,534
up €8,534 (+479.3%), from €1,781 to €10,315
mainly Stocks and contracts (+€269,988) and Net result for the year (+€44,207)
- Other debts -€262,145
down €262,145 (-69.3%), from €378,431 to €116,286
- Profit (loss) carried forward +€44,207
up €44,207, from -€31,454 to €12,753
- Tax, wage and social debts +€6,034
up €6,034 (+244.1%), from €2,472 to €8,505
of which Taxes: +€6,034
- Advances received -€6,000
down €6,000 (-100.0%), from €6,000 to €0
- Gross operating margin +€74,909
up €74,909, from -€2,505 to €72,404
- Taxes +€8,374
new in 2025: €8,374
- Depreciation +€5,667
up €5,667 (+107.4%), from €5,275 to €10,941
- Other operating charges +€2,151
up €2,151 (+73.3%), from €2,933 to €5,084
- Financial charges +€1,292
up €1,292 (+51.6%), from €2,506 to €3,799
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 | €490,388 | €271,000 | -€219,388 | -44.7% |
| Fixed assets | 21/28 | €142,997 | €164,886 | +€21,889 | +15.3% |
| Tangible fixed assets | 22/27 | €142,960 | €164,849 | +€21,889 | +15.3% |
| Land and buildings | 22 | €142,960 | €137,685 | -€5,275 | -3.7% |
| Furniture and vehicles | 24 | - | €27,164 | +€27,164 | |
| Financial fixed assets | 28 | €37 | €37 | = | 0.0% |
| Current assets | 29/58 | €347,391 | €106,114 | -€241,277 | -69.5% |
| Stocks and contracts in progress | 3 | €344,895 | €74,908 | -€269,988 | -78.3% |
| Stocks | 30/36 | €344,895 | €74,908 | -€269,988 | -78.3% |
| Amounts receivable within one year | 40/41 | €715 | €11,796 | +€11,081 | +1549.4% |
| Trade receivables | 40 | €0 | €11,796 | +€11,796 | |
| Other amounts receivable | 41 | €715 | €0 | -€715 | -100.0% |
| Cash at bank and in hand | 54/58 | €1,781 | €10,315 | +€8,534 | +479.3% |
| Deferred charges and accrued income | 490/1 | - | €9,095 | +€9,095 | |
| Total equity and liabilities | 10/49 | €490,388 | €271,000 | -€219,388 | -44.7% |
| Equity | 10/15 | -€30,454 | €13,753 | +€44,207 | |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€31,454 | €12,753 | +€44,207 | |
| Amounts payable | 17/49 | €520,842 | €257,247 | -€263,595 | -50.6% |
| Amounts payable after more than one year | 17 | €122,078 | €119,831 | -€2,247 | -1.8% |
| Financial debts | 170/4 | €122,078 | €119,831 | -€2,247 | -1.8% |
| Amounts payable within one year | 42/48 | €398,763 | €137,416 | -€261,348 | -65.5% |
| Current portion of amounts payable after more than one year | 42 | €9,924 | €12,393 | +€2,468 | +24.9% |
| Trade debts | 44 | €1,936 | €231 | -€1,705 | -88.0% |
| Suppliers | 440/4 | €1,936 | €231 | -€1,705 | -88.0% |
| Advances received on contracts in progress | 46 | €6,000 | €0 | -€6,000 | -100.0% |
| Taxes, remuneration and social security | 45 | €2,472 | €8,505 | +€6,034 | +244.1% |
| Taxes | 450/3 | €2,472 | €8,505 | +€6,034 | +244.1% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €378,431 | €116,286 | -€262,145 | -69.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,275 | €10,941 | +€5,667 | +107.4% |
| Other operating charges | 640/8 | €2,933 | €5,084 | +€2,151 | +73.3% |
| Gross operating margin | 9900 | -€2,505 | €72,404 | +€74,909 | |
| Operating profit (loss) | 9901 | -€10,713 | €56,379 | +€67,091 | |
| Financial charges | 65/66B | €2,506 | €3,799 | +€1,292 | +51.6% |
| Recurring financial charges | 65 | €2,506 | €3,799 | +€1,292 | +51.6% |
| Profit (loss) for the period before taxes | 9903 | -€13,219 | €52,580 | +€65,799 | |
| Income taxes | 67/77 | - | €8,374 | +€8,374 | |
| Profit (loss) for the period | 9904 | -€13,219 | €44,207 | +€57,425 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,219 | €44,207 | +€57,425 |
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 7 October 2026 via checked.be.