VANMARCKE-DELZEYNE: 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.
VANMARCKE-DELZEYNE
Largest movements
- Tangible fixed assets +€82,698
up €82,698 (+193%), from €42,908 to €125,606
of which Furniture and vehicles: +€83,516
- Cash +€75,190
up €75,190 (+248%), from €30,323 to €105,513
mainly Debts after one year (+€63,763) and Receivables within one year (+€50,211)
- Receivables within one year -€50,211
down €50,211 (-20.3%), from €247,610 to €197,399
of which Trade receivables: -€28,413
- Receivables after one year -€18,000
down €18,000 (-33.3%), from €54,000 to €36,000
- Deferred charges and accrued income -€8,837
down €8,837 (-74.0%), from €11,948 to €3,111
- Debts after one year +€63,763
up €63,763 (+301%), from €21,185 to €84,948
- Current portion of long-term debt +€19,339
up €19,339 (+146%), from €13,219 to €32,558
- Reserves +€9,523
up €9,523 (+3.2%), from €298,728 to €308,251
of which Distributable reserves: +€9,524
- Trade debts -€4,861
no longer reported in 2025 (was €4,861)
- Gross operating margin -€19,757
down €19,757 (-41.9%), from €47,133 to €27,376
- Financial income +€8,061
up €8,061 (+622%), from €1,295 to €9,356
of which Non-recurring financial income: +€7,331
- Depreciation +€6,661
up €6,661 (+60.0%), from €11,096 to €17,757
- Taxes -€6,151
down €6,151 (-50.9%), from €12,082 to €5,931
- Financial charges +€1,344
up €1,344 (+81.5%), from €1,649 to €2,993
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 | €386,789 | €467,629 | +€80,840 | +20.9% |
| Fixed assets | 21/28 | €42,908 | €125,606 | +€82,698 | +193% |
| Tangible fixed assets | 22/27 | €42,908 | €125,606 | +€82,698 | +193% |
| Land and buildings | 22 | €5,415 | €4,597 | -€818 | -15.1% |
| Furniture and vehicles | 24 | €37,493 | €121,009 | +€83,516 | +223% |
| Current assets | 29/58 | €343,881 | €342,023 | -€1,858 | -0.5% |
| Amounts receivable after more than one year | 29 | €54,000 | €36,000 | -€18,000 | -33.3% |
| Other amounts receivable | 291 | €54,000 | €36,000 | -€18,000 | -33.3% |
| Amounts receivable within one year | 40/41 | €247,610 | €197,399 | -€50,211 | -20.3% |
| Trade receivables | 40 | €53,430 | €25,017 | -€28,413 | -53.2% |
| Other amounts receivable | 41 | €194,180 | €172,382 | -€21,798 | -11.2% |
| Cash at bank and in hand | 54/58 | €30,323 | €105,513 | +€75,190 | +248% |
| Deferred charges and accrued income | 490/1 | €11,948 | €3,111 | -€8,837 | -74.0% |
| Total equity and liabilities | 10/49 | €386,789 | €467,629 | +€80,840 | +20.9% |
| Equity | 10/15 | €317,328 | €326,851 | +€9,523 | +3.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €298,728 | €308,251 | +€9,523 | +3.2% |
| Tax-exempt reserves | 132 | €53,291 | €53,291 | -€0 | 0.0% |
| Distributable reserves | 133 | €245,437 | €254,961 | +€9,524 | +3.9% |
| Amounts payable | 17/49 | €69,461 | €140,778 | +€71,317 | +103% |
| Amounts payable after more than one year | 17 | €21,185 | €84,948 | +€63,763 | +301% |
| Financial debts | 170/4 | €21,185 | €84,948 | +€63,763 | +301% |
| Amounts payable within one year | 42/48 | €48,276 | €55,830 | +€7,554 | +15.6% |
| Current portion of amounts payable after more than one year | 42 | €13,219 | €32,558 | +€19,339 | +146% |
| Trade debts | 44 | €4,861 | - | -€4,861 | |
| Suppliers | 440/4 | €4,861 | - | -€4,861 | |
| Taxes, remuneration and social security | 45 | €25,545 | €23,273 | -€2,272 | -8.9% |
| Taxes | 450/3 | €25,523 | €23,250 | -€2,273 | -8.9% |
| Remuneration and social security | 454/9 | €22 | €23 | +€1 | +3.1% |
| Other amounts payable | 47/48 | €4,651 | - | -€4,651 | |
| Remuneration, social security and pensions | 62 | €327 | - | -€327 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,096 | €17,757 | +€6,661 | +60.0% |
| Other operating charges | 640/8 | €513 | €528 | +€15 | +2.9% |
| Gross operating margin | 9900 | €47,133 | €27,376 | -€19,757 | -41.9% |
| Operating profit (loss) | 9901 | €35,197 | €9,092 | -€26,105 | -74.2% |
| Financial income | 75/76B | €1,295 | €9,356 | +€8,061 | +622% |
| Recurring financial income | 75 | €1,295 | €2,025 | +€730 | +56.4% |
| Non-recurring financial income | 76B | - | €7,331 | +€7,331 | |
| Financial charges | 65/66B | €1,649 | €2,993 | +€1,344 | +81.5% |
| Recurring financial charges | 65 | €1,649 | €2,993 | +€1,344 | +81.5% |
| Profit (loss) for the period before taxes | 9903 | €34,843 | €15,454 | -€19,389 | -55.6% |
| Income taxes | 67/77 | €12,082 | €5,931 | -€6,151 | -50.9% |
| Profit (loss) for the period | 9904 | €22,761 | €9,524 | -€13,237 | -58.2% |
| Profit (loss) for the period to be appropriated | 9905 | €22,761 | €9,524 | -€13,237 | -58.2% |
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.