DELACON: 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.
DELACON
Largest movements
- Tangible fixed assets +€59,175
up €59,175 (+404%), from €14,663 to €73,838
of which Furniture and vehicles: +€58,814
- Cash -€43,590
down €43,590 (-48.7%), from €89,485 to €45,895
mainly Contributions, distributions and other (-€119,000) and Investment in fixed assets (net) (-€67,149)
- Receivables within one year -€2,674
down €2,674 (-14.2%), from €18,772 to €16,098
of which Other amounts receivable: -€4,022
- Reserves -€90,000
no longer reported in 2025 (was €90,000)
- Debts after one year +€65,000
new in 2025: €65,000
- Other debts +€33,067
new in 2025: €33,067
- Trade debts +€12,791
up €12,791 (+213%), from €6,003 to €18,794
- Tax, wage and social debts -€5,690
down €5,690 (-65.5%), from €8,690 to €3,000
- Gross operating margin +€8,079
up €8,079 (+21.8%), from €37,016 to €45,095
- Depreciation +€2,078
up €2,078 (+35.2%), from €5,896 to €7,974
- Taxes +€1,158
up €1,158 (+16.4%), from €7,065 to €8,223
- Financial income +€680
up €680 (+118%), from €578 to €1,258
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 | €125,386 | €139,498 | +€14,113 | +11.3% |
| Fixed assets | 21/28 | €14,913 | €74,088 | +€59,175 | +397% |
| Tangible fixed assets | 22/27 | €14,663 | €73,838 | +€59,175 | +404% |
| Plant, machinery and equipment | 23 | €6,276 | €6,638 | +€362 | +5.8% |
| Furniture and vehicles | 24 | €8,386 | €67,200 | +€58,814 | +701% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €110,473 | €65,411 | -€45,063 | -40.8% |
| Amounts receivable within one year | 40/41 | €18,772 | €16,098 | -€2,674 | -14.2% |
| Trade receivables | 40 | €11,575 | €12,923 | +€1,348 | +11.6% |
| Other amounts receivable | 41 | €7,197 | €3,175 | -€4,022 | -55.9% |
| Cash at bank and in hand | 54/58 | €89,485 | €45,895 | -€43,590 | -48.7% |
| Deferred charges and accrued income | 490/1 | €2,217 | €3,418 | +€1,202 | +54.2% |
| Total equity and liabilities | 10/49 | €125,386 | €139,498 | +€14,113 | +11.3% |
| Equity | 10/15 | €109,574 | €18,998 | -€90,576 | -82.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €90,000 | - | -€90,000 | |
| Distributable reserves | 133 | €90,000 | - | -€90,000 | |
| Profit (loss) carried forward | 14 | €974 | €398 | -€576 | -59.2% |
| Amounts payable | 17/49 | €15,812 | €120,501 | +€104,689 | +662% |
| Amounts payable after more than one year | 17 | - | €65,000 | +€65,000 | |
| Financial debts | 170/4 | - | €65,000 | +€65,000 | |
| Amounts payable within one year | 42/48 | €14,693 | €54,861 | +€40,168 | +273% |
| Trade debts | 44 | €6,003 | €18,794 | +€12,791 | +213% |
| Suppliers | 440/4 | €6,003 | €18,794 | +€12,791 | +213% |
| Taxes, remuneration and social security | 45 | €8,690 | €3,000 | -€5,690 | -65.5% |
| Taxes | 450/3 | €8,690 | €3,000 | -€5,690 | -65.5% |
| Other amounts payable | 47/48 | - | €33,067 | +€33,067 | |
| Accrued charges and deferred income | 492/3 | €1,119 | €640 | -€480 | -42.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,896 | €7,974 | +€2,078 | +35.2% |
| Other operating charges | 640/8 | €1,627 | €1,332 | -€295 | -18.1% |
| Gross operating margin | 9900 | €37,016 | €45,095 | +€8,079 | +21.8% |
| Operating profit (loss) | 9901 | €29,493 | €35,789 | +€6,296 | +21.3% |
| Financial income | 75/76B | €578 | €1,258 | +€680 | +118% |
| Recurring financial income | 75 | €578 | €1,258 | +€680 | +118% |
| Financial charges | 65/66B | €644 | €400 | -€244 | -37.9% |
| Recurring financial charges | 65 | €644 | €400 | -€244 | -37.9% |
| Profit (loss) for the period before taxes | 9903 | €29,427 | €36,647 | +€7,219 | +24.5% |
| Income taxes | 67/77 | €7,065 | €8,223 | +€1,158 | +16.4% |
| Profit (loss) for the period | 9904 | €22,362 | €28,424 | +€6,062 | +27.1% |
| Profit (loss) for the period to be appropriated | 9905 | €22,362 | €28,424 | +€6,062 | +27.1% |
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 16 October 2026 via checked.be.