DELBIMAC: 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.
DELBIMAC
Largest movements
- Receivables within one year +€138,808
up €138,808 (+320.7%), from €43,278 to €182,085
of which Other amounts receivable: +€150,000
- Cash +€92,046
up €92,046 (+135.2%), from €68,059 to €160,105
mainly Net result for the year (+€289,061) and Tax, wage and social debts (+€23,122)
- Reserves +€185,819
up €185,819 (+61.4%), from €302,425 to €488,243
of which Distributable reserves: +€185,819
- Tax, wage and social debts +€23,122
up €23,122 (+108.3%), from €21,355 to €44,477
of which Taxes: +€23,535
- Other debts +€16,588
up €16,588 (+2.3%), from €735,710 to €752,298
- Financial income +€252,801
up €252,801 (+220.4%), from €114,701 to €367,502
- Taxes +€24,312
up €24,312 (+508.2%), from €4,784 to €29,096
- Gross operating margin +€11,310
up €11,310, from -€10,648 to €662
- Financial charges -€3,371
down €3,371 (-7.8%), from €42,949 to €39,577
- Other operating charges -€134
down €134 (-2.3%), from €5,712 to €5,578
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 | €1,131,825 | €1,357,827 | +€226,002 | +20.0% |
| Fixed assets | 21/28 | €1,020,489 | €1,015,637 | -€4,852 | -0.5% |
| Tangible fixed assets | 22/27 | €177,729 | €172,877 | -€4,852 | -2.7% |
| Land and buildings | 22 | €177,729 | €172,877 | -€4,852 | -2.7% |
| Financial fixed assets | 28 | €842,760 | €842,760 | = | 0.0% |
| Current assets | 29/58 | €111,336 | €342,190 | +€230,854 | +207.3% |
| Amounts receivable within one year | 40/41 | €43,278 | €182,085 | +€138,808 | +320.7% |
| Trade receivables | 40 | €33,578 | €22,385 | -€11,193 | -33.3% |
| Other amounts receivable | 41 | €9,700 | €159,700 | +€150,000 | +1546.4% |
| Cash at bank and in hand | 54/58 | €68,059 | €160,105 | +€92,046 | +135.2% |
| Total equity and liabilities | 10/49 | €1,131,825 | €1,357,827 | +€226,002 | +20.0% |
| Equity | 10/15 | €363,925 | €549,743 | +€185,819 | +51.1% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €302,425 | €488,243 | +€185,819 | +61.4% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €296,275 | €482,093 | +€185,819 | +62.7% |
| Amounts payable | 17/49 | €767,901 | €808,083 | +€40,183 | +5.2% |
| Amounts payable within one year | 42/48 | €767,901 | €808,083 | +€40,183 | +5.2% |
| Trade debts | 44 | €10,836 | €11,308 | +€473 | +4.4% |
| Suppliers | 440/4 | €10,836 | €11,308 | +€473 | +4.4% |
| Taxes, remuneration and social security | 45 | €21,355 | €44,477 | +€23,122 | +108.3% |
| Taxes | 450/3 | €16,917 | €40,452 | +€23,535 | +139.1% |
| Remuneration and social security | 454/9 | €4,438 | €4,025 | -€413 | -9.3% |
| Other amounts payable | 47/48 | €735,710 | €752,298 | +€16,588 | +2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,733 | €4,852 | +€120 | +2.5% |
| Other operating charges | 640/8 | €5,712 | €5,578 | -€134 | -2.3% |
| Gross operating margin | 9900 | -€10,648 | €662 | +€11,310 | |
| Operating profit (loss) | 9901 | -€21,092 | -€9,768 | +€11,324 | +53.7% |
| Financial income | 75/76B | €114,701 | €367,502 | +€252,801 | +220.4% |
| Recurring financial income | 75 | €114,701 | €367,502 | +€252,801 | +220.4% |
| Financial charges | 65/66B | €42,949 | €39,577 | -€3,371 | -7.8% |
| Recurring financial charges | 65 | €42,949 | €39,577 | -€3,371 | -7.8% |
| Profit (loss) for the period before taxes | 9903 | €50,661 | €318,157 | +€267,496 | +528.0% |
| Income taxes | 67/77 | €4,784 | €29,096 | +€24,312 | +508.2% |
| Profit (loss) for the period | 9904 | €45,877 | €289,061 | +€243,184 | +530.1% |
| Profit (loss) for the period to be appropriated | 9905 | €45,877 | €289,061 | +€243,184 | +530.1% |
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 8 October 2026 via checked.be.