Holding Delfosse: 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.
Holding Delfosse
Largest movements
- Receivables within one year +€6,458
up €6,458 (+7.7%), from €84,134 to €90,592
of which Trade receivables: +€7,427
- Reserves +€38,735
up €38,735 (+42.0%), from €92,189 to €130,923
- Debts after one year -€28,852
down €28,852 (-15.4%), from €187,421 to €158,569
- Tax, wage and social debts -€14,901
down €14,901 (-30.3%), from €49,114 to €34,213
of which Remuneration and social security: -€9,000
- Other debts +€9,119
new in 2025: €9,119
- Gross operating margin -€2,846
down €2,846 (-5.0%), from €56,703 to €53,857
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 | €385,551 | €391,159 | +€5,608 | +1.5% |
| Fixed assets | 21/28 | €300,000 | €300,000 | = | 0.0% |
| Financial fixed assets | 28 | €300,000 | €300,000 | = | 0.0% |
| Current assets | 29/58 | €85,551 | €91,159 | +€5,608 | +6.6% |
| Amounts receivable within one year | 40/41 | €84,134 | €90,592 | +€6,458 | +7.7% |
| Trade receivables | 40 | €83,165 | €90,592 | +€7,427 | +8.9% |
| Other amounts receivable | 41 | €969 | - | -€969 | |
| Cash at bank and in hand | 54/58 | €1,395 | €551 | -€844 | -60.5% |
| Deferred charges and accrued income | 490/1 | €22 | €17 | -€5 | -24.6% |
| Total equity and liabilities | 10/49 | €385,551 | €391,159 | +€5,608 | +1.5% |
| Equity | 10/15 | €112,189 | €150,923 | +€38,735 | +34.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €92,189 | €130,923 | +€38,735 | +42.0% |
| Distributable reserves | 133 | €92,189 | €130,923 | +€38,735 | +42.0% |
| Amounts payable | 17/49 | €273,362 | €240,236 | -€33,127 | -12.1% |
| Amounts payable after more than one year | 17 | €187,421 | €158,569 | -€28,852 | -15.4% |
| Financial debts | 170/4 | €187,421 | €158,569 | -€28,852 | -15.4% |
| Amounts payable within one year | 42/48 | €79,651 | €73,288 | -€6,363 | -8.0% |
| Current portion of amounts payable after more than one year | 42 | €28,566 | €28,852 | +€285 | +1.0% |
| Trade debts | 44 | €1,970 | €1,104 | -€866 | -44.0% |
| Suppliers | 440/4 | €1,970 | €1,104 | -€866 | -44.0% |
| Taxes, remuneration and social security | 45 | €49,114 | €34,213 | -€14,901 | -30.3% |
| Taxes | 450/3 | €36,638 | €30,736 | -€5,901 | -16.1% |
| Remuneration and social security | 454/9 | €12,477 | €3,477 | -€9,000 | -72.1% |
| Other amounts payable | 47/48 | - | €9,119 | +€9,119 | |
| Accrued charges and deferred income | 492/3 | €6,290 | €8,378 | +€2,088 | +33.2% |
| Other operating charges | 640/8 | €471 | €484 | +€12 | +2.6% |
| Gross operating margin | 9900 | €56,703 | €53,857 | -€2,846 | -5.0% |
| Operating profit (loss) | 9901 | €56,231 | €53,373 | -€2,858 | -5.1% |
| Financial income | 75/76B | €16 | - | -€16 | |
| Recurring financial income | 75 | €16 | - | -€16 | |
| Financial charges | 65/66B | €3,472 | €3,414 | -€58 | -1.7% |
| Recurring financial charges | 65 | €3,472 | €3,414 | -€58 | -1.7% |
| Profit (loss) for the period before taxes | 9903 | €52,775 | €49,960 | -€2,816 | -5.3% |
| Income taxes | 67/77 | €11,126 | €11,225 | +€99 | +0.9% |
| Profit (loss) for the period | 9904 | €41,649 | €38,735 | -€2,914 | -7.0% |
| Profit (loss) for the period to be appropriated | 9905 | €41,649 | €38,735 | -€2,914 | -7.0% |
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 22 October 2026 via checked.be.