DELZANDRE LAMBERT: 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 LAMBERT
Largest movements
- Tangible fixed assets -€40,619
down €40,619 (-26.8%), from €151,626 to €111,007
of which Land and buildings: -€33,866
- Cash +€22,041
up €22,041 (+1499.3%), from €1,470 to €23,511
mainly Depreciation (+€40,619) and Other debts (+€6,000)
- Receivables within one year +€19,511
up €19,511 (+487.8%), from €4,000 to €23,511
of which Trade receivables: +€19,405
- Debts after one year -€22,515
down €22,515 (-57.9%), from €38,887 to €16,372
- Other debts +€6,000
up €6,000 (+52.0%), from €11,538 to €17,538
- Trade debts +€5,786
up €5,786 (+917.3%), from €631 to €6,417
- Reserves +€5,778
up €5,778 (+36.4%), from €15,880 to €21,658
of which Distributable reserves: +€9,218
- Tax, wage and social debts +€5,120
up €5,120 (+65.2%), from €7,850 to €12,970
of which Taxes: +€5,120
- Gross operating margin +€6,491
up €6,491 (+12.5%), from €51,810 to €58,300
- Taxes +€2,909
up €2,909 (+132.7%), from €2,193 to €5,102
- Financial charges -€2,204
down €2,204 (-47.3%), from €4,662 to €2,457
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 | €157,845 | €158,112 | +€267 | +0.2% |
| Fixed assets | 21/28 | €151,626 | €111,007 | -€40,619 | -26.8% |
| Tangible fixed assets | 22/27 | €151,626 | €111,007 | -€40,619 | -26.8% |
| Land and buildings | 22 | €136,270 | €102,404 | -€33,866 | -24.9% |
| Furniture and vehicles | 24 | €15,356 | €8,603 | -€6,753 | -44.0% |
| Current assets | 29/58 | €6,219 | €47,105 | +€40,886 | +657.4% |
| Amounts receivable within one year | 40/41 | €4,000 | €23,511 | +€19,511 | +487.8% |
| Trade receivables | 40 | €4,000 | €23,405 | +€19,405 | +485.1% |
| Other amounts receivable | 41 | - | €106 | +€106 | |
| Cash at bank and in hand | 54/58 | €1,470 | €23,511 | +€22,041 | +1499.3% |
| Deferred charges and accrued income | 490/1 | €749 | €83 | -€666 | -89.0% |
| Total equity and liabilities | 10/49 | €157,845 | €158,112 | +€267 | +0.2% |
| Equity | 10/15 | €76,522 | €82,300 | +€5,778 | +7.6% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €15,880 | €21,658 | +€5,778 | +36.4% |
| Tax-exempt reserves | 132 | €11,880 | €8,440 | -€3,440 | -29.0% |
| Distributable reserves | 133 | €4,000 | €13,218 | +€9,218 | +230.5% |
| Profit (loss) carried forward | 14 | €20,642 | €20,642 | = | 0.0% |
| Amounts payable | 17/49 | €81,323 | €75,812 | -€5,511 | -6.8% |
| Amounts payable after more than one year | 17 | €38,887 | €16,372 | -€22,515 | -57.9% |
| Financial debts | 170/4 | €38,887 | €16,372 | -€22,515 | -57.9% |
| Amounts payable within one year | 42/48 | €42,436 | €59,440 | +€17,004 | +40.1% |
| Current portion of amounts payable after more than one year | 42 | €22,417 | €22,515 | +€98 | +0.4% |
| Trade debts | 44 | €631 | €6,417 | +€5,786 | +917.3% |
| Suppliers | 440/4 | €631 | €6,417 | +€5,786 | +917.3% |
| Taxes, remuneration and social security | 45 | €7,850 | €12,970 | +€5,120 | +65.2% |
| Taxes | 450/3 | €1,850 | €6,970 | +€5,120 | +276.8% |
| Remuneration and social security | 454/9 | €6,000 | €6,000 | = | 0.0% |
| Other amounts payable | 47/48 | €11,538 | €17,538 | +€6,000 | +52.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,619 | €40,619 | -€1 | 0.0% |
| Other operating charges | 640/8 | €4,161 | €4,347 | +€186 | +4.5% |
| Gross operating margin | 9900 | €51,810 | €58,300 | +€6,491 | +12.5% |
| Operating profit (loss) | 9901 | €7,029 | €13,335 | +€6,306 | +89.7% |
| Financial income | 75/76B | €1 | €3 | +€2 | +166.7% |
| Recurring financial income | 75 | €1 | €3 | +€2 | +166.7% |
| Financial charges | 65/66B | €4,662 | €2,457 | -€2,204 | -47.3% |
| Recurring financial charges | 65 | €4,662 | €2,457 | -€2,204 | -47.3% |
| Profit (loss) for the period before taxes | 9903 | €2,368 | €10,880 | +€8,512 | +359.4% |
| Income taxes | 67/77 | €2,193 | €5,102 | +€2,909 | +132.7% |
| Profit (loss) for the period | 9904 | €175 | €5,778 | +€5,603 | +3196.9% |
| Transfer from tax-exempt reserves | 789 | €3,440 | €3,440 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €3,615 | €9,218 | +€5,603 | +155.0% |
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 30 September 2026 via checked.be.