DELACO: what changed
Two fiscal 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.
DELACO
Largest movements
- Stocks and contracts -€544,059
no longer reported in 2025 (was €544,059)
- Cash -€77,975
down €77,975 (-85.0%), from €91,773 to €13,798
mainly Other debts (-€628,754) and Trade debts (-€160,764)
- Receivables within one year -€48,242
down €48,242 (-23.8%), from €202,706 to €154,464
of which Trade receivables: -€46,392
- Other debts -€628,754
no longer reported in 2025 (was €628,754)
- Trade debts -€160,764
down €160,764 (-94.7%), from €169,784 to €9,020
- Profit (loss) carried forward +€77,841
new in 2025: €77,841
- Accrued charges and deferred income +€41,401
new in 2025: €41,401
- Gross operating margin +€68,268
up €68,268 (+137.6%), from €49,596 to €117,864
- Financial charges -€40,612
down €40,612 (-71.7%), from €56,611 to €15,999
- Taxes +€23,667
new in 2025: €23,667
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.
Cash bridge derived
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 | €838,538 | €168,262 | -€670,276 | -79.9% |
| Current assets | 29/58 | €838,538 | €168,262 | -€670,276 | -79.9% |
| Stocks and contracts in progress | 3 | €544,059 | - | -€544,059 | |
| Stocks | 30/36 | €544,059 | - | -€544,059 | |
| Amounts receivable within one year | 40/41 | €202,706 | €154,464 | -€48,242 | -23.8% |
| Trade receivables | 40 | €47,392 | €1,000 | -€46,392 | -97.9% |
| Other amounts receivable | 41 | €155,314 | €153,464 | -€1,850 | -1.2% |
| Cash at bank and in hand | 54/58 | €91,773 | €13,798 | -€77,975 | -85.0% |
| Total equity and liabilities | 10/49 | €838,538 | €168,262 | -€670,276 | -79.9% |
| Equity | 10/15 | €40,000 | €117,841 | +€77,841 | +194.6% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €77,841 | +€77,841 | |
| Amounts payable | 17/49 | €798,538 | €50,421 | -€748,117 | -93.7% |
| Amounts payable within one year | 42/48 | €798,538 | €9,020 | -€789,518 | -98.9% |
| Trade debts | 44 | €169,784 | €9,020 | -€160,764 | -94.7% |
| Suppliers | 440/4 | €169,784 | €9,020 | -€160,764 | -94.7% |
| Other amounts payable | 47/48 | €628,754 | - | -€628,754 | |
| Accrued charges and deferred income | 492/3 | - | €41,401 | +€41,401 | |
| Other operating charges | 640/8 | €1,174 | €999 | -€175 | -14.9% |
| Gross operating margin | 9900 | €49,596 | €117,864 | +€68,268 | +137.6% |
| Operating profit (loss) | 9901 | €48,422 | €116,865 | +€68,443 | +141.3% |
| Financial income | 75/76B | - | €642 | +€642 | |
| Recurring financial income | 75 | - | €642 | +€642 | |
| Financial charges | 65/66B | €56,611 | €15,999 | -€40,612 | -71.7% |
| Recurring financial charges | 65 | €56,611 | €15,999 | -€40,612 | -71.7% |
| Profit (loss) for the period before taxes | 9903 | -€8,189 | €101,508 | +€109,697 | |
| Income taxes | 67/77 | - | €23,667 | +€23,667 | |
| Profit (loss) for the period | 9904 | -€8,189 | €77,841 | +€86,030 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,189 | €77,841 | +€86,030 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.