Dr. Hans Delye: 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.
Dr. Hans Delye
Largest movements
- Receivables within one year +€56,977
new in 2025: €56,977
- Cash +€39,863
up €39,863 (+275%), from €14,506 to €54,369
mainly Net result for the year (+€81,127) and Tax, wage and social debts (+€22,298)
- Deferred charges and accrued income +€5,488
up €5,488 (+2,857%), from €192 to €5,680
- Tangible fixed assets +€2,495
up €2,495 (+70.2%), from €3,554 to €6,049
of which Plant, machinery and equipment: +€2,109
- Reserves +€81,127
up €81,127 (+935%), from €8,676 to €89,802
- Tax, wage and social debts +€22,298
up €22,298 (+918%), from €2,429 to €24,727
- Accrued charges and deferred income +€4,115
new in 2025: €4,115
- Trade debts -€2,616
down €2,616 (-83.1%), from €3,147 to €531
- Gross operating margin +€93,281
up €93,281 (+790%), from €11,810 to €105,091
- Taxes +€19,695
up €19,695 (+811%), from €2,429 to €22,124
- Financial charges +€1,641
new in 2025: €1,641
- Financial income +€1,601
new in 2025: €1,601
- Depreciation +€1,339
up €1,339 (+483%), from €277 to €1,616
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 | €18,252 | €123,175 | +€104,923 | +575% |
| Fixed assets | 21/28 | €3,554 | €6,149 | +€2,595 | +73.0% |
| Tangible fixed assets | 22/27 | €3,554 | €6,049 | +€2,495 | +70.2% |
| Plant, machinery and equipment | 23 | - | €2,109 | +€2,109 | |
| Furniture and vehicles | 24 | €3,554 | €3,940 | +€386 | +10.9% |
| Financial fixed assets | 28 | - | €100 | +€100 | |
| Current assets | 29/58 | €14,698 | €117,026 | +€102,328 | +696% |
| Amounts receivable within one year | 40/41 | - | €56,977 | +€56,977 | |
| Other amounts receivable | 41 | - | €56,977 | +€56,977 | |
| Cash at bank and in hand | 54/58 | €14,506 | €54,369 | +€39,863 | +275% |
| Deferred charges and accrued income | 490/1 | €192 | €5,680 | +€5,488 | +2,857% |
| Total equity and liabilities | 10/49 | €18,252 | €123,175 | +€104,923 | +575% |
| Equity | 10/15 | €12,676 | €93,802 | +€81,127 | +640% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €8,676 | €89,802 | +€81,127 | +935% |
| Distributable reserves | 133 | €8,676 | €89,802 | +€81,127 | +935% |
| Amounts payable | 17/49 | €5,576 | €29,373 | +€23,797 | +427% |
| Amounts payable within one year | 42/48 | €5,576 | €25,258 | +€19,682 | +353% |
| Trade debts | 44 | €3,147 | €531 | -€2,616 | -83.1% |
| Suppliers | 440/4 | €3,147 | €531 | -€2,616 | -83.1% |
| Taxes, remuneration and social security | 45 | €2,429 | €24,727 | +€22,298 | +918% |
| Taxes | 450/3 | €2,429 | €24,727 | +€22,298 | +918% |
| Accrued charges and deferred income | 492/3 | - | €4,115 | +€4,115 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €277 | €1,616 | +€1,339 | +483% |
| Other operating charges | 640/8 | €427 | €186 | -€242 | -56.6% |
| Gross operating margin | 9900 | €11,810 | €105,091 | +€93,281 | +790% |
| Operating profit (loss) | 9901 | €11,105 | €103,289 | +€92,185 | +830% |
| Financial income | 75/76B | - | €1,601 | +€1,601 | |
| Recurring financial income | 75 | - | €1,601 | +€1,601 | |
| Financial charges | 65/66B | - | €1,641 | +€1,641 | |
| Recurring financial charges | 65 | - | €1,641 | +€1,641 | |
| Profit (loss) for the period before taxes | 9903 | €11,105 | €103,250 | +€92,145 | +830% |
| Income taxes | 67/77 | €2,429 | €22,124 | +€19,695 | +811% |
| Profit (loss) for the period | 9904 | €8,676 | €81,127 | +€72,451 | +835% |
| Profit (loss) for the period to be appropriated | 9905 | €8,676 | €81,127 | +€72,451 | +835% |
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 16 October 2026 via checked.be.