GEORGES DELBOVE-DIFFUSION: 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.
GEORGES DELBOVE-DIFFUSION
Largest movements
No asset line moved by more than 1% of the balance sheet total.
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€2
down €2 (-3.0%), from -€64 to -€66
From the 2025 result to the 2026 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €307,374 | €307,374 | = | 0.0% |
| Current assets | 29/58 | €307,374 | €307,374 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €307,374 | €307,374 | = | 0.0% |
| Other amounts receivable | 41 | €307,374 | €307,374 | = | 0.0% |
| Total equity and liabilities | 10/49 | €307,374 | €307,374 | = | 0.0% |
| Equity | 10/15 | -€156,784 | -€156,850 | -€66 | 0.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €3,099 | €3,099 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,099 | €3,099 | = | 0.0% |
| Legal reserve | 130 | €3,099 | €3,099 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€221,883 | -€221,949 | -€66 | 0.0% |
| Amounts payable | 17/49 | €464,158 | €464,224 | +€66 | 0.0% |
| Amounts payable after more than one year | 17 | €232,463 | €232,463 | = | 0.0% |
| Other amounts payable | 178/9 | €232,463 | €232,463 | = | 0.0% |
| Amounts payable within one year | 42/48 | €231,695 | €231,760 | +€66 | 0.0% |
| Other amounts payable | 47/48 | €231,695 | €231,760 | +€66 | 0.0% |
| Gross operating margin | 9900 | -€64 | -€66 | -€2 | -3.0% |
| Operating profit (loss) | 9901 | -€64 | -€66 | -€2 | -3.0% |
| Profit (loss) for the period before taxes | 9903 | -€64 | -€66 | -€2 | -3.0% |
| Profit (loss) for the period | 9904 | -€64 | -€66 | -€2 | -3.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€64 | -€66 | -€2 | -3.0% |
Source: filed annual accounts (NBB), financial years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.