DOC.DELBAR: 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.
DOC.DELBAR
Largest movements
- Cash +€89,826
up €89,826 (+469.4%), from €19,137 to €108,963
mainly Net result for the year (+€291,899) and Tax, wage and social debts (+€53,178)
- Tangible fixed assets -€6,016
down €6,016 (-88.9%), from €6,764 to €748
- Deferred charges and accrued income -€5,580
down €5,580 (-100.0%), from €5,580 to €0
- Tax, wage and social debts +€53,178
up €53,178 (+1061.2%), from €5,011 to €58,189
- Debts after one year +€37,709
new in 2025: €37,709
- Other debts -€12,956
down €12,956 (-100.0%), from €12,956 to €0
- Gross operating margin +€76,998
up €76,998 (+24.3%), from €317,318 to €394,317
- Taxes +€18,993
up €18,993 (+25.2%), from €75,510 to €94,503
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 | €60,432 | €138,932 | +€78,501 | +129.9% |
| Fixed assets | 21/28 | €7,004 | €988 | -€6,016 | -85.9% |
| Tangible fixed assets | 22/27 | €6,764 | €748 | -€6,016 | -88.9% |
| Furniture and vehicles | 24 | €6,764 | €748 | -€6,016 | -88.9% |
| Financial fixed assets | 28 | €240 | €240 | = | 0.0% |
| Current assets | 29/58 | €53,428 | €137,945 | +€84,517 | +158.2% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €5,710 | €5,980 | +€271 | +4.7% |
| Trade receivables | 40 | €0 | €1,490 | +€1,490 | |
| Other amounts receivable | 41 | €5,710 | €4,490 | -€1,219 | -21.4% |
| Current investments | 50/53 | €23,001 | €23,001 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €19,137 | €108,963 | +€89,826 | +469.4% |
| Deferred charges and accrued income | 490/1 | €5,580 | €0 | -€5,580 | -100.0% |
| Total equity and liabilities | 10/49 | €60,432 | €138,932 | +€78,501 | +129.9% |
| Equity | 10/15 | €20,460 | €20,460 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €39,972 | €118,472 | +€78,501 | +196.4% |
| Amounts payable after more than one year | 17 | - | €37,709 | +€37,709 | |
| Financial debts | 170/4 | - | €37,709 | +€37,709 | |
| Amounts payable within one year | 42/48 | €39,972 | €80,763 | +€40,791 | +102.1% |
| Current portion of amounts payable after more than one year | 42 | €6,794 | €6,725 | -€69 | -1.0% |
| Trade debts | 44 | €15,210 | €15,850 | +€639 | +4.2% |
| Suppliers | 440/4 | €15,210 | €15,850 | +€639 | +4.2% |
| Taxes, remuneration and social security | 45 | €5,011 | €58,189 | +€53,178 | +1061.2% |
| Taxes | 450/3 | €5,011 | €58,189 | +€53,178 | +1061.2% |
| Other amounts payable | 47/48 | €12,956 | €0 | -€12,956 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,848 | €6,016 | -€2,832 | -32.0% |
| Other operating charges | 640/8 | €930 | €527 | -€403 | -43.4% |
| Gross operating margin | 9900 | €317,318 | €394,317 | +€76,998 | +24.3% |
| Operating profit (loss) | 9901 | €307,541 | €387,774 | +€80,233 | +26.1% |
| Financial income | 75/76B | €3,788 | €0 | -€3,788 | -100.0% |
| Recurring financial income | 75 | €3,788 | €0 | -€3,788 | -100.0% |
| Financial charges | 65/66B | €2,411 | €1,372 | -€1,039 | -43.1% |
| Recurring financial charges | 65 | €2,411 | €1,372 | -€1,039 | -43.1% |
| Profit (loss) for the period before taxes | 9903 | €308,918 | €386,402 | +€77,484 | +25.1% |
| Income taxes | 67/77 | €75,510 | €94,503 | +€18,993 | +25.2% |
| Profit (loss) for the period | 9904 | €233,409 | €291,899 | +€58,491 | +25.1% |
| Profit (loss) for the period to be appropriated | 9905 | €233,409 | €291,899 | +€58,491 | +25.1% |
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 4 October 2026 via checked.be.