VAN DELFT: 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.
VAN DELFT
Largest movements
- Cash -€118,399
down €118,399 (-38.9%), from €304,161 to €185,762
mainly Contributions, distributions and other (-€116,168) and Receivables within one year (-€62,239)
- Receivables within one year +€62,239
up €62,239 (+91.2%), from €68,246 to €130,484
of which Other amounts receivable: +€45,212
- Reserves -€34,664
down €34,664 (-12.6%), from €274,705 to €240,042
of which Distributable reserves: -€34,664
- Other debts -€15,708
down €15,708 (-27.1%), from €58,034 to €42,327
- Tax, wage and social debts -€8,929
down €8,929 (-44.2%), from €20,224 to €11,295
of which Remuneration and social security: -€10,479
- Gross operating margin +€5,720
up €5,720 (+5.6%), from €101,362 to €107,081
- Taxes -€3,741
down €3,741 (-13.8%), from €27,067 to €23,327
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.
Cash bridge derived
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €376,813 | €319,942 | -€56,870 | -15.1% |
| Fixed assets | 21/28 | €3,912 | €2,946 | -€966 | -24.7% |
| Tangible fixed assets | 22/27 | €2,717 | €1,751 | -€966 | -35.6% |
| Furniture and vehicles | 24 | €2,717 | €1,751 | -€966 | -35.6% |
| Financial fixed assets | 28 | €1,195 | €1,195 | = | 0.0% |
| Current assets | 29/58 | €372,901 | €316,997 | -€55,904 | -15.0% |
| Amounts receivable within one year | 40/41 | €68,246 | €130,484 | +€62,239 | +91.2% |
| Trade receivables | 40 | €63,883 | €80,910 | +€17,027 | +26.7% |
| Other amounts receivable | 41 | €4,362 | €49,574 | +€45,212 | +1036.4% |
| Cash at bank and in hand | 54/58 | €304,161 | €185,762 | -€118,399 | -38.9% |
| Deferred charges and accrued income | 490/1 | €494 | €750 | +€256 | +51.7% |
| Total equity and liabilities | 10/49 | €376,813 | €319,942 | -€56,870 | -15.1% |
| Equity | 10/15 | €294,705 | €260,042 | -€34,664 | -11.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €274,705 | €240,042 | -€34,664 | -12.6% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €272,705 | €238,042 | -€34,664 | -12.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €82,107 | €59,901 | -€22,207 | -27.0% |
| Amounts payable within one year | 42/48 | €79,287 | €55,581 | -€23,707 | -29.9% |
| Trade debts | 44 | €1,029 | €1,959 | +€930 | +90.4% |
| Suppliers | 440/4 | €1,029 | €1,959 | +€930 | +90.4% |
| Taxes, remuneration and social security | 45 | €20,224 | €11,295 | -€8,929 | -44.2% |
| Taxes | 450/3 | €9,746 | €11,295 | +€1,550 | +15.9% |
| Remuneration and social security | 454/9 | €10,479 | €0 | -€10,479 | -100.0% |
| Other amounts payable | 47/48 | €58,034 | €42,327 | -€15,708 | -27.1% |
| Accrued charges and deferred income | 492/3 | €2,820 | €4,320 | +€1,500 | +53.2% |
| Remuneration, social security and pensions | 62 | €8 | €48 | +€40 | +496.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,778 | €2,183 | -€595 | -21.4% |
| Other operating charges | 640/8 | €387 | €425 | +€38 | +9.7% |
| Gross operating margin | 9900 | €101,362 | €107,081 | +€5,720 | +5.6% |
| Operating profit (loss) | 9901 | €98,189 | €104,426 | +€6,237 | +6.4% |
| Financial income | 75/76B | - | €652 | +€652 | |
| Recurring financial income | 75 | - | €652 | +€652 | |
| Financial charges | 65/66B | €247 | €246 | -€2 | -0.7% |
| Recurring financial charges | 65 | €247 | €246 | -€2 | -0.7% |
| Profit (loss) for the period before taxes | 9903 | €97,941 | €104,832 | +€6,890 | +7.0% |
| Income taxes | 67/77 | €27,067 | €23,327 | -€3,741 | -13.8% |
| Profit (loss) for the period | 9904 | €70,874 | €81,505 | +€10,631 | +15.0% |
| Profit (loss) for the period to be appropriated | 9905 | €70,874 | €81,505 | +€10,631 | +15.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.