G. DELTOUR: 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.
G. DELTOUR
Largest movements
- Receivables within one year +€21,282
up €21,282 (+7.4%), from €287,058 to €308,339
of which Other amounts receivable: +€18,482
- Cash -€20,230
down €20,230 (-89.1%), from €22,717 to €2,487
mainly Tax, wage and social debts (-€27,462) and Receivables within one year (-€21,282)
- Tangible fixed assets -€5,891
down €5,891 (-4.7%), from €125,426 to €119,535
of which Land and buildings: -€4,380
- Tax, wage and social debts -€27,462
down €27,462 (-52.3%), from €52,527 to €25,065
- Reserves +€15,074
up €15,074 (+4.0%), from €375,000 to €390,073
of which Distributable reserves: +€15,074
- Trade debts +€6,130
up €6,130 (+91.8%), from €6,674 to €12,805
- Gross operating margin -€2,573
down €2,573 (-10.9%), from €23,647 to €21,074
- Taxes -€636
down €636 (-8.2%), from €7,766 to €7,129
- Depreciation -€412
down €412 (-6.5%), from €6,303 to €5,891
- Other operating charges +€310
up €310 (+15.0%), from €2,065 to €2,374
- Financial income -€248
down €248 (-2.3%), from €10,760 to €10,512
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 | €440,401 | €434,143 | -€6,258 | -1.4% |
| Fixed assets | 21/28 | €127,593 | €121,702 | -€5,891 | -4.6% |
| Tangible fixed assets | 22/27 | €125,426 | €119,535 | -€5,891 | -4.7% |
| Land and buildings | 22 | €123,507 | €119,127 | -€4,380 | -3.5% |
| Plant, machinery and equipment | 23 | €911 | €152 | -€759 | -83.3% |
| Furniture and vehicles | 24 | €1,009 | €257 | -€752 | -74.6% |
| Financial fixed assets | 28 | €2,167 | €2,167 | = | 0.0% |
| Current assets | 29/58 | €312,808 | €312,441 | -€367 | -0.1% |
| Amounts receivable within one year | 40/41 | €287,058 | €308,339 | +€21,282 | +7.4% |
| Trade receivables | 40 | €5,600 | €8,400 | +€2,800 | +50.0% |
| Other amounts receivable | 41 | €281,458 | €299,939 | +€18,482 | +6.6% |
| Cash at bank and in hand | 54/58 | €22,717 | €2,487 | -€20,230 | -89.1% |
| Deferred charges and accrued income | 490/1 | €3,033 | €1,615 | -€1,418 | -46.8% |
| Total equity and liabilities | 10/49 | €440,401 | €434,143 | -€6,258 | -1.4% |
| Equity | 10/15 | €381,200 | €396,273 | +€15,074 | +4.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €375,000 | €390,073 | +€15,074 | +4.0% |
| Non-distributable reserves | 130/1 | €13,927 | €13,927 | = | 0.0% |
| Reserves not available under the articles | 1311 | €13,927 | €13,927 | = | 0.0% |
| Distributable reserves | 133 | €361,072 | €376,146 | +€15,074 | +4.2% |
| Amounts payable | 17/49 | €59,201 | €37,870 | -€21,332 | -36.0% |
| Amounts payable within one year | 42/48 | €59,201 | €37,870 | -€21,332 | -36.0% |
| Trade debts | 44 | €6,674 | €12,805 | +€6,130 | +91.8% |
| Suppliers | 440/4 | €6,674 | €12,805 | +€6,130 | +91.8% |
| Taxes, remuneration and social security | 45 | €52,527 | €25,065 | -€27,462 | -52.3% |
| Taxes | 450/3 | €52,527 | €25,065 | -€27,462 | -52.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,303 | €5,891 | -€412 | -6.5% |
| Other operating charges | 640/8 | €2,065 | €2,374 | +€310 | +15.0% |
| Gross operating margin | 9900 | €23,647 | €21,074 | -€2,573 | -10.9% |
| Operating profit (loss) | 9901 | €15,279 | €12,808 | -€2,471 | -16.2% |
| Financial income | 75/76B | €10,760 | €10,512 | -€248 | -2.3% |
| Recurring financial income | 75 | €10,760 | €10,512 | -€248 | -2.3% |
| Financial charges | 65/66B | €965 | €1,117 | +€152 | +15.8% |
| Recurring financial charges | 65 | €965 | €1,117 | +€152 | +15.8% |
| Profit (loss) for the period before taxes | 9903 | €25,075 | €22,203 | -€2,872 | -11.5% |
| Income taxes | 67/77 | €7,766 | €7,129 | -€636 | -8.2% |
| Profit (loss) for the period | 9904 | €17,309 | €15,074 | -€2,235 | -12.9% |
| Profit (loss) for the period to be appropriated | 9905 | €17,309 | €15,074 | -€2,235 | -12.9% |
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 18 October 2026 via checked.be.