GROUP DELRUE: 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.
What changed
GROUP DELRUE
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€216,689
2024 · €60,183-€276,872
Equity
€11.6m
2024 · €11.9m-€216,689
Cash
€122,542
2024 · €44,577+€77,965
Balance sheet total
€11.9m
2024 · €12.1m-€230,994
Largest movements
Assets
- Tangible fixed assets -€309,066
down €309,066 (-60.8%), from €508,224 to €199,158
of which Land and buildings: -€290,044
Equity and liabilities
- Profit (loss) carried forward -€213,451
down €213,451 (-32.5%), from €657,139 to €443,688
Income statement
- Depreciation +€279,456
up €279,456 (+944%), from €29,610 to €309,066
- Turnover +€30,073
up €30,073 (+4.7%), from €636,383 to €666,456
- Other operating income -€14,943
down €14,943 (-32.7%), from €45,745 to €30,802
- Services and other goods +€10,512
up €10,512 (+10.7%), from €97,812 to €108,324
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.
Result 2024
€60,183
Turnover
+€30,073
Other operating income
-€14,943
Services and other goods
-€10,512
Staff costs
-€1,527
Depreciation
-€279,456
Other operating charges
-€51
Financial charges
+€771
Taxes
-€1,227
Result 2025
-€216,689
raises the resultlowers the result
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.
From operations
+€116,285
Investment
€0
Financing
-€38,320
Cash 2024
€44,577
From operations (derived)
+€116,285
Net result for the year
-€216,689
Depreciation
+€309,066
Receivables within one year
-€9,933
Deferred charges and accrued income
+€9,826
Provisions
-€1,079
Trade debts
+€32,054
Tax, wage and social debts
-€6,901
Accrued charges and deferred income
-€59
Financing
-€38,320
Debts after one year
-€38,320
Cash 2025
€122,542
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,123,430 | €11,892,436 | -€230,994 | -1.9% |
| Fixed assets | 21/28 | €11,851,522 | €11,542,456 | -€309,066 | -2.6% |
| Tangible fixed assets | 22/27 | €508,224 | €199,158 | -€309,066 | -60.8% |
| Land and buildings | 22 | €475,044 | €185,000 | -€290,044 | -61.1% |
| Furniture and vehicles | 24 | €33,180 | €14,158 | -€19,022 | -57.3% |
| Financial fixed assets | 28 | €11,343,298 | €11,343,298 | = | 0.0% |
| Affiliated companies | 280/1 | €11,343,298 | €11,343,298 | = | 0.0% |
| Participating interests | 280 | €11,343,298 | €11,343,298 | = | 0.0% |
| Current assets | 29/58 | €271,908 | €349,980 | +€78,072 | +28.7% |
| Amounts receivable within one year | 40/41 | €210,833 | €220,766 | +€9,933 | +4.7% |
| Trade receivables | 40 | €197,632 | €204,067 | +€6,435 | +3.3% |
| Other amounts receivable | 41 | €13,201 | €16,699 | +€3,498 | +26.5% |
| Cash at bank and in hand | 54/58 | €44,577 | €122,542 | +€77,965 | +175% |
| Deferred charges and accrued income | 490/1 | €16,498 | €6,672 | -€9,826 | -59.6% |
| Total equity and liabilities | 10/49 | €12,123,430 | €11,892,436 | -€230,994 | -1.9% |
| Equity | 10/15 | €11,861,263 | €11,644,574 | -€216,689 | -1.8% |
| Contributions | 10/11 | €11,094,157 | €11,094,157 | = | 0.0% |
| Revaluation surpluses | 12 | €18,654 | €18,654 | = | 0.0% |
| Reserves | 13 | €91,313 | €88,075 | -€3,238 | -3.5% |
| Tax-exempt reserves | 132 | €91,313 | €88,075 | -€3,238 | -3.5% |
| Profit (loss) carried forward | 14 | €657,139 | €443,688 | -€213,451 | -32.5% |
| Provisions and deferred taxes | 16 | €30,438 | €29,359 | -€1,079 | -3.5% |
| Deferred taxes | 168 | €30,438 | €29,359 | -€1,079 | -3.5% |
| Amounts payable | 17/49 | €231,729 | €218,503 | -€13,226 | -5.7% |
| Amounts payable after more than one year | 17 | €76,640 | €38,320 | -€38,320 | -50.0% |
| Financial debts | 170/4 | €76,640 | €38,320 | -€38,320 | -50.0% |
| Credit institutions | 173 | €76,640 | €38,320 | -€38,320 | -50.0% |
| Amounts payable within one year | 42/48 | €154,914 | €180,067 | +€25,153 | +16.2% |
| Current portion of amounts payable after more than one year | 42 | €38,320 | €38,320 | = | 0.0% |
| Trade debts | 44 | €16,304 | €48,358 | +€32,054 | +197% |
| Suppliers | 440/4 | €16,304 | €48,358 | +€32,054 | +197% |
| Taxes, remuneration and social security | 45 | €100,290 | €93,389 | -€6,901 | -6.9% |
| Taxes | 450/3 | €49,637 | €46,440 | -€3,197 | -6.4% |
| Remuneration and social security | 454/9 | €50,653 | €46,949 | -€3,704 | -7.3% |
| Accrued charges and deferred income | 492/3 | €175 | €116 | -€59 | -33.7% |
| Operating income | 70/76A | €682,128 | €697,258 | +€15,130 | +2.2% |
| Turnover | 70 | €636,383 | €666,456 | +€30,073 | +4.7% |
| Other operating income | 74 | €45,745 | €30,802 | -€14,943 | -32.7% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Operating charges | 60/66A | €596,578 | €888,124 | +€291,546 | +48.9% |
| Services and other goods | 61 | €97,812 | €108,324 | +€10,512 | +10.7% |
| Remuneration, social security and pensions | 62 | €466,078 | €467,605 | +€1,527 | +0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,610 | €309,066 | +€279,456 | +944% |
| Other operating charges | 640/8 | €3,078 | €3,129 | +€51 | +1.7% |
| Operating profit (loss) | 9901 | €85,550 | -€190,866 | -€276,416 | |
| Financial charges | 65/66B | €2,909 | €2,138 | -€771 | -26.5% |
| Recurring financial charges | 65 | €2,909 | €2,138 | -€771 | -26.5% |
| Debt charges | 650 | €2,433 | €1,660 | -€773 | -31.8% |
| Other financial charges | 652/9 | €476 | €478 | +€2 | +0.4% |
| Profit (loss) for the period before taxes | 9903 | €82,641 | -€193,004 | -€275,645 | |
| Transfer from deferred taxes | 780 | €1,079 | €1,079 | = | 0.0% |
| Income taxes | 67/77 | €23,537 | €24,764 | +€1,227 | +5.2% |
| Taxes | 670/3 | €23,537 | €24,764 | +€1,227 | +5.2% |
| Profit (loss) for the period | 9904 | €60,183 | -€216,689 | -€276,872 | |
| Transfer from tax-exempt reserves | 789 | €3,237 | €3,238 | +€1 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €63,420 | -€213,451 | -€276,871 |
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 31 October 2026 via checked.be.