DELEMO: 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.
DELEMO
Largest movements
- Tangible fixed assets -€28,580
down €28,580 (-76.3%), from €37,456 to €8,875
of which Plant, machinery and equipment: -€21,715
- Deferred charges and accrued income +€4,542
up €4,542 (+139%), from €3,267 to €7,809
- Receivables within one year -€4,057
down €4,057 (-38.1%), from €10,646 to €6,589
of which Trade receivables: -€2,196
- Stocks and contracts +€3,441
up €3,441 (+30.4%), from €11,335 to €14,776
- Tax, wage and social debts +€36,253
up €36,253 (+67.5%), from €53,747 to €89,999
of which Remuneration and social security: +€26,261
- Debts after one year -€26,472
down €26,472 (-78.4%), from €33,764 to €7,292
- Profit (loss) carried forward -€19,084
down €19,084 (-21.6%), from -€88,275 to -€107,358
- Trade debts -€12,997
down €12,997 (-26.3%), from €49,373 to €36,376
- Other debts -€2,755
down €2,755 (-17.4%), from €15,800 to €13,044
- Gross operating margin +€106,839
up €106,839 (+82.0%), from €130,338 to €237,176
- Staff costs +€27,546
up €27,546 (+13.7%), from €200,611 to €228,156
- Depreciation -€6,213
down €6,213 (-69.4%), from €8,952 to €2,739
- Other operating charges +€2,702
up €2,702 (+123%), from €2,193 to €4,895
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 | €69,460 | €44,354 | -€25,106 | -36.1% |
| Fixed assets | 21/28 | €42,766 | €14,185 | -€28,580 | -66.8% |
| Tangible fixed assets | 22/27 | €37,456 | €8,875 | -€28,580 | -76.3% |
| Plant, machinery and equipment | 23 | €25,009 | €3,294 | -€21,715 | -86.8% |
| Furniture and vehicles | 24 | €1,899 | €912 | -€987 | -52.0% |
| Other tangible fixed assets | 26 | €10,548 | €4,670 | -€5,878 | -55.7% |
| Financial fixed assets | 28 | €5,310 | €5,310 | = | 0.0% |
| Current assets | 29/58 | €26,694 | €30,168 | +€3,474 | +13.0% |
| Stocks and contracts in progress | 3 | €11,335 | €14,776 | +€3,441 | +30.4% |
| Stocks | 30/36 | €11,335 | €14,776 | +€3,441 | +30.4% |
| Amounts receivable within one year | 40/41 | €10,646 | €6,589 | -€4,057 | -38.1% |
| Trade receivables | 40 | €8,785 | €6,589 | -€2,196 | -25.0% |
| Other amounts receivable | 41 | €1,861 | €0 | -€1,861 | -100% |
| Cash at bank and in hand | 54/58 | €1,447 | €994 | -€453 | -31.3% |
| Deferred charges and accrued income | 490/1 | €3,267 | €7,809 | +€4,542 | +139% |
| Total equity and liabilities | 10/49 | €69,460 | €44,354 | -€25,106 | -36.1% |
| Equity | 10/15 | -€85,775 | -€104,858 | -€19,084 | -22.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€88,275 | -€107,358 | -€19,084 | -21.6% |
| Amounts payable | 17/49 | €155,235 | €149,212 | -€6,023 | -3.9% |
| Amounts payable after more than one year | 17 | €33,764 | €7,292 | -€26,472 | -78.4% |
| Financial debts | 170/4 | €33,764 | €7,292 | -€26,472 | -78.4% |
| Amounts payable within one year | 42/48 | €121,420 | €141,920 | +€20,500 | +16.9% |
| Current portion of amounts payable after more than one year | 42 | €2,500 | €2,500 | = | 0.0% |
| Trade debts | 44 | €49,373 | €36,376 | -€12,997 | -26.3% |
| Suppliers | 440/4 | €49,373 | €36,376 | -€12,997 | -26.3% |
| Taxes, remuneration and social security | 45 | €53,747 | €89,999 | +€36,253 | +67.5% |
| Taxes | 450/3 | €18,433 | €28,425 | +€9,992 | +54.2% |
| Remuneration and social security | 454/9 | €35,314 | €61,574 | +€26,261 | +74.4% |
| Other amounts payable | 47/48 | €15,800 | €13,044 | -€2,755 | -17.4% |
| Accrued charges and deferred income | 492/3 | €51 | €0 | -€51 | -100% |
| Remuneration, social security and pensions | 62 | €200,611 | €228,156 | +€27,546 | +13.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,952 | €2,739 | -€6,213 | -69.4% |
| Other operating charges | 640/8 | €2,193 | €4,895 | +€2,702 | +123% |
| Non-recurring operating charges | 66A | €1,350 | €13,040 | +€11,690 | +866% |
| Gross operating margin | 9900 | €130,338 | €237,176 | +€106,839 | +82.0% |
| Operating profit (loss) | 9901 | -€82,769 | -€11,655 | +€71,114 | +85.9% |
| Financial income | 75/76B | €27 | €0 | -€27 | -100% |
| Recurring financial income | 75 | €27 | €0 | -€27 | -100% |
| Financial charges | 65/66B | €6,117 | €7,216 | +€1,099 | +18.0% |
| Recurring financial charges | 65 | €6,117 | €7,216 | +€1,099 | +18.0% |
| Profit (loss) for the period before taxes | 9903 | -€88,858 | -€18,871 | +€69,987 | +78.8% |
| Income taxes | 67/77 | €204 | €212 | +€8 | +3.9% |
| Profit (loss) for the period | 9904 | -€89,063 | -€19,084 | +€69,979 | +78.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€89,063 | -€19,084 | +€69,979 | +78.6% |
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 29 October 2026 via checked.be.