KRIS DELVEAU: 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.
KRIS DELVEAU
Largest movements
- Receivables within one year -€50,509
down €50,509 (-84.2%), from €60,019 to €9,510
of which Trade receivables: -€46,057
- Cash +€32,578
up €32,578 (+4,790,846%), from €1 to €32,578
mainly Receivables within one year (+€50,509) and Net result for the year (+€8,715)
- Tangible fixed assets +€7,019
up €7,019 (+56.6%), from €12,391 to €19,410
of which Furniture and vehicles: +€6,993
- Deferred charges and accrued income -€4,359
down €4,359 (-58.7%), from €7,422 to €3,063
- Accrued charges and deferred income -€18,744
no longer reported in 2025 (was €18,744)
- Reserves +€8,715
up €8,715 (+27.4%), from €31,822 to €40,537
of which Distributable reserves: +€8,715
- Trade debts -€5,801
down €5,801 (-27.6%), from €21,011 to €15,210
- Gross operating margin -€11,732
down €11,732 (-12.6%), from €93,193 to €81,461
- Staff costs +€3,566
up €3,566 (+6.3%), from €56,987 to €60,553
- Taxes -€2,943
down €2,943 (-37.3%), from €7,898 to €4,956
- Depreciation +€1,843
up €1,843 (+58.8%), from €3,137 to €4,980
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 | €86,287 | €70,554 | -€15,733 | -18.2% |
| Fixed assets | 21/28 | €12,391 | €19,410 | +€7,019 | +56.6% |
| Tangible fixed assets | 22/27 | €12,391 | €19,410 | +€7,019 | +56.6% |
| Plant, machinery and equipment | 23 | €3,332 | €3,642 | +€310 | +9.3% |
| Furniture and vehicles | 24 | €7,923 | €14,916 | +€6,993 | +88.3% |
| Other tangible fixed assets | 26 | €1,136 | €852 | -€284 | -25.0% |
| Current assets | 29/58 | €73,896 | €51,144 | -€22,752 | -30.8% |
| Stocks and contracts in progress | 3 | €6,454 | €5,992 | -€462 | -7.2% |
| Stocks | 30/36 | €6,454 | €5,992 | -€462 | -7.2% |
| Amounts receivable within one year | 40/41 | €60,019 | €9,510 | -€50,509 | -84.2% |
| Trade receivables | 40 | €46,492 | €435 | -€46,057 | -99.1% |
| Other amounts receivable | 41 | €13,527 | €9,076 | -€4,452 | -32.9% |
| Cash at bank and in hand | 54/58 | €1 | €32,578 | +€32,578 | +4,790,846% |
| Deferred charges and accrued income | 490/1 | €7,422 | €3,063 | -€4,359 | -58.7% |
| Total equity and liabilities | 10/49 | €86,287 | €70,554 | -€15,733 | -18.2% |
| Equity | 10/15 | €38,022 | €46,737 | +€8,715 | +22.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €31,822 | €40,537 | +€8,715 | +27.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €29,962 | €38,677 | +€8,715 | +29.1% |
| Amounts payable | 17/49 | €48,265 | €23,818 | -€24,448 | -50.7% |
| Amounts payable within one year | 42/48 | €29,521 | €23,818 | -€5,704 | -19.3% |
| Financial debts | 43 | €403 | - | -€403 | |
| Credit institutions | 430/8 | €403 | - | -€403 | |
| Trade debts | 44 | €21,011 | €15,210 | -€5,801 | -27.6% |
| Suppliers | 440/4 | €21,011 | €15,210 | -€5,801 | -27.6% |
| Taxes, remuneration and social security | 45 | €8,107 | €8,608 | +€501 | +6.2% |
| Taxes | 450/3 | €7,370 | €7,189 | -€181 | -2.5% |
| Remuneration and social security | 454/9 | €736 | €1,419 | +€682 | +92.7% |
| Accrued charges and deferred income | 492/3 | €18,744 | - | -€18,744 | |
| Remuneration, social security and pensions | 62 | €56,987 | €60,553 | +€3,566 | +6.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,137 | €4,980 | +€1,843 | +58.8% |
| Other operating charges | 640/8 | €2,001 | €1,214 | -€787 | -39.3% |
| Gross operating margin | 9900 | €93,193 | €81,461 | -€11,732 | -12.6% |
| Operating profit (loss) | 9901 | €31,068 | €14,714 | -€16,354 | -52.6% |
| Financial income | 75/76B | €370 | €500 | +€130 | +35.3% |
| Recurring financial income | 75 | €370 | €500 | +€130 | +35.3% |
| Financial charges | 65/66B | €1,296 | €1,543 | +€247 | +19.0% |
| Recurring financial charges | 65 | €1,296 | €1,543 | +€247 | +19.0% |
| Profit (loss) for the period before taxes | 9903 | €30,141 | €13,670 | -€16,471 | -54.6% |
| Income taxes | 67/77 | €7,898 | €4,956 | -€2,943 | -37.3% |
| Profit (loss) for the period | 9904 | €22,243 | €8,715 | -€13,528 | -60.8% |
| Profit (loss) for the period to be appropriated | 9905 | €22,243 | €8,715 | -€13,528 | -60.8% |
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 27 October 2026 via checked.be.