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
- Tangible fixed assets +€51,619
up €51,619 (+150.8%), from €34,232 to €85,851
of which Furniture and vehicles: +€31,133
- Cash -€34,532
down €34,532 (-40.9%), from €84,428 to €49,896
mainly Investment in fixed assets (net) (-€68,360) and Current investments (-€20,000)
- Current investments +€20,000
up €20,000 (+33.3%), from €60,000 to €80,000
- Receivables within one year +€10,108
up €10,108 (+83.2%), from €12,149 to €22,257
of which Other amounts receivable: +€9,479
- Reserves +€45,917
up €45,917 (+28.1%), from €163,144 to €209,061
- Gross operating margin +€49,550
up €49,550 (+117.0%), from €42,356 to €91,906
- Taxes +€15,091
up €15,091 (+130.1%), from €11,603 to €26,693
- Depreciation -€1,060
down €1,060 (-6.0%), from €17,801 to €16,741
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 | €193,415 | €238,992 | +€45,577 | +23.6% |
| Fixed assets | 21/28 | €34,232 | €85,851 | +€51,619 | +150.8% |
| Tangible fixed assets | 22/27 | €34,232 | €85,851 | +€51,619 | +150.8% |
| Furniture and vehicles | 24 | €18,833 | €49,966 | +€31,133 | +165.3% |
| Other tangible fixed assets | 26 | €15,399 | €35,885 | +€20,486 | +133.0% |
| Current assets | 29/58 | €159,183 | €153,141 | -€6,042 | -3.8% |
| Amounts receivable within one year | 40/41 | €12,149 | €22,257 | +€10,108 | +83.2% |
| Trade receivables | 40 | €12,088 | €12,717 | +€629 | +5.2% |
| Other amounts receivable | 41 | €61 | €9,539 | +€9,479 | +15584.6% |
| Current investments | 50/53 | €60,000 | €80,000 | +€20,000 | +33.3% |
| Cash at bank and in hand | 54/58 | €84,428 | €49,896 | -€34,532 | -40.9% |
| Deferred charges and accrued income | 490/1 | €2,606 | €989 | -€1,617 | -62.1% |
| Total equity and liabilities | 10/49 | €193,415 | €238,992 | +€45,577 | +23.6% |
| Equity | 10/15 | €181,744 | €227,661 | +€45,917 | +25.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €163,144 | €209,061 | +€45,917 | +28.1% |
| Distributable reserves | 133 | €163,144 | €209,061 | +€45,917 | +28.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €11,671 | €11,332 | -€340 | -2.9% |
| Amounts payable within one year | 42/48 | €11,671 | €11,332 | -€340 | -2.9% |
| Trade debts | 44 | €3,278 | €3,649 | +€371 | +11.3% |
| Suppliers | 440/4 | €3,278 | €3,649 | +€371 | +11.3% |
| Taxes, remuneration and social security | 45 | €5,589 | €6,017 | +€428 | +7.7% |
| Taxes | 450/3 | €5,589 | €6,017 | +€428 | +7.7% |
| Other amounts payable | 47/48 | €2,804 | €1,666 | -€1,138 | -40.6% |
| Non-recurring operating income | 76A | - | €1,653 | +€1,653 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,801 | €16,741 | -€1,060 | -6.0% |
| Other operating charges | 640/8 | €1,886 | €2,009 | +€123 | +6.5% |
| Non-recurring operating charges | 66A | - | €29 | +€29 | |
| Gross operating margin | 9900 | €42,356 | €91,906 | +€49,550 | +117.0% |
| Operating profit (loss) | 9901 | €22,669 | €73,127 | +€50,458 | +222.6% |
| Financial income | 75/76B | €988 | €1,641 | +€653 | +66.0% |
| Recurring financial income | 75 | €988 | €1,641 | +€653 | +66.0% |
| Financial charges | 65/66B | €447 | €492 | +€45 | +10.0% |
| Recurring financial charges | 65 | €447 | €492 | +€45 | +10.0% |
| Profit (loss) for the period before taxes | 9903 | €23,210 | €74,276 | +€51,066 | +220.0% |
| Income taxes | 67/77 | €11,603 | €26,693 | +€15,091 | +130.1% |
| Profit (loss) for the period | 9904 | €11,608 | €47,583 | +€35,975 | +309.9% |
| Profit (loss) for the period to be appropriated | 9905 | €11,608 | €47,583 | +€35,975 | +309.9% |
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 30 September 2026 via checked.be.