DELCA IMMO: 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.
DELCA IMMO
Largest movements
- Receivables after one year -€197,517
no longer reported in 2025 (was €197,517)
- Receivables within one year +€170,135
up €170,135 (+195.8%), from €86,909 to €257,044
of which Other amounts receivable: +€164,138
- Tangible fixed assets +€125,347
up €125,347 (+6.7%), from €1.9m to €2.0m
of which Other tangible fixed assets: +€197,517
- Profit (loss) carried forward +€216,054
up €216,054 (+863.1%), from €25,032 to €241,087
- Debts after one year -€136,667
down €136,667 (-12.2%), from €1.1m to €980,278
- Other debts -€117,121
down €117,121 (-75.3%), from €155,507 to €38,386
- Tax, wage and social debts +€78,814
up €78,814 (+921.8%), from €8,550 to €87,364
- Trade debts +€68,885
up €68,885 (+19224.5%), from €358 to €69,244
- Gross operating margin +€155,979
up €155,979 (+52.3%), from €298,347 to €454,325
- Taxes +€70,264
up €70,264 (+821.8%), from €8,550 to €78,814
- Depreciation -€25,997
down €25,997 (-22.0%), from €117,987 to €91,991
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 | €2,157,332 | €2,266,774 | +€109,441 | +5.1% |
| Fixed assets | 21/28 | €1,863,991 | €1,989,337 | +€125,347 | +6.7% |
| Tangible fixed assets | 22/27 | €1,861,388 | €1,986,734 | +€125,347 | +6.7% |
| Land and buildings | 22 | €1,861,388 | €1,776,376 | -€85,011 | -4.6% |
| Furniture and vehicles | 24 | - | €12,841 | +€12,841 | |
| Other tangible fixed assets | 26 | - | €197,517 | +€197,517 | |
| Financial fixed assets | 28 | €2,603 | €2,603 | = | 0.0% |
| Current assets | 29/58 | €293,342 | €277,436 | -€15,906 | -5.4% |
| Amounts receivable after more than one year | 29 | €197,517 | - | -€197,517 | |
| Trade receivables | 290 | €197,517 | - | -€197,517 | |
| Amounts receivable within one year | 40/41 | €86,909 | €257,044 | +€170,135 | +195.8% |
| Trade receivables | 40 | €86,880 | €92,877 | +€5,996 | +6.9% |
| Other amounts receivable | 41 | €29 | €164,167 | +€164,138 | +573710.2% |
| Cash at bank and in hand | 54/58 | €8,916 | €20,393 | +€11,476 | +128.7% |
| Total equity and liabilities | 10/49 | €2,157,332 | €2,266,774 | +€109,441 | +5.1% |
| Equity | 10/15 | €738,781 | €954,835 | +€216,054 | +29.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €695,156 | €695,156 | = | 0.0% |
| Distributable reserves | 133 | €695,156 | €695,156 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,032 | €241,087 | +€216,054 | +863.1% |
| Amounts payable | 17/49 | €1,418,552 | €1,311,939 | -€106,613 | -7.5% |
| Amounts payable after more than one year | 17 | €1,116,944 | €980,278 | -€136,667 | -12.2% |
| Financial debts | 170/4 | €1,116,944 | €980,278 | -€136,667 | -12.2% |
| Amounts payable within one year | 42/48 | €301,082 | €331,661 | +€30,579 | +10.2% |
| Current portion of amounts payable after more than one year | 42 | €136,667 | €136,667 | = | 0.0% |
| Trade debts | 44 | €358 | €69,244 | +€68,885 | +19224.5% |
| Suppliers | 440/4 | €358 | €69,244 | +€68,885 | +19224.5% |
| Taxes, remuneration and social security | 45 | €8,550 | €87,364 | +€78,814 | +921.8% |
| Taxes | 450/3 | €8,550 | €87,364 | +€78,814 | +921.8% |
| Other amounts payable | 47/48 | €155,507 | €38,386 | -€117,121 | -75.3% |
| Accrued charges and deferred income | 492/3 | €525 | - | -€525 | |
| Non-recurring operating income | 76A | €72,652 | €146,778 | +€74,125 | +102.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €117,987 | €91,991 | -€25,997 | -22.0% |
| Other operating charges | 640/8 | €41,395 | €42,564 | +€1,169 | +2.8% |
| Gross operating margin | 9900 | €298,347 | €454,325 | +€155,979 | +52.3% |
| Operating profit (loss) | 9901 | €138,964 | €319,771 | +€180,806 | +130.1% |
| Financial income | 75/76B | €3,604 | €1,125 | -€2,479 | -68.8% |
| Recurring financial income | 75 | €3,604 | €1,125 | -€2,479 | -68.8% |
| Financial charges | 65/66B | €30,249 | €26,027 | -€4,222 | -14.0% |
| Recurring financial charges | 65 | €30,249 | €26,027 | -€4,222 | -14.0% |
| Profit (loss) for the period before taxes | 9903 | €112,320 | €294,868 | +€182,549 | +162.5% |
| Income taxes | 67/77 | €8,550 | €78,814 | +€70,264 | +821.8% |
| Profit (loss) for the period | 9904 | €103,769 | €216,054 | +€112,285 | +108.2% |
| Profit (loss) for the period to be appropriated | 9905 | €103,769 | €216,054 | +€112,285 | +108.2% |
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.