Delcampe Management: what changed
What changed
Delcampe Management
filed annual accounts (NBB)
Net result for the year
€157,030
2024 · €120,538+€36,492
Equity
€340,771
2024 · €183,741+€157,030
Cash
€14,426
2024 · €10,347+€4,079
Balance sheet total
€2.0m
2024 · €1.8m+€202,338
Largest movements
Assets
- Receivables within one year +€271,754
up €271,754 (+152%), from €178,997 to €450,751
of which Other amounts receivable: +€253,499
- Tangible fixed assets -€76,227
down €76,227 (-4.6%), from €1.6m to €1.6m
of which Land and buildings: -€60,172
Equity and liabilities
- Profit (loss) carried forward +€157,030
up €157,030 (+98.9%), from €158,805 to €315,835
- Other debts +€132,497
up €132,497 (+38.1%), from €347,970 to €480,468
- Debts after one year -€59,980
down €59,980 (-5.3%), from €1.1m to €1.1m
- Tax, wage and social debts -€21,850
down €21,850 (-22.6%), from €96,695 to €74,844
Income statement
- Gross operating margin +€48,847
up €48,847 (+19.7%), from €248,253 to €297,099
- Taxes +€13,126
up €13,126 (+31.2%), from €42,050 to €55,177
- Depreciation -€4,616
down €4,616 (-7.0%), from €65,859 to €61,242
- Other operating charges +€3,850
up €3,850 (+70.1%), from €5,491 to €9,341
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€120,538
Gross operating margin
+€48,847
Depreciation
+€4,616
Other operating charges
-€3,850
Financial income
+€1,087
Financial charges
-€1,082
Taxes
-€13,126
Result 2025
€157,030
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€53,221
Investment
+€15,484
Financing
-€64,625
Cash 2024
€10,347
From operations (derived)
+€53,221
Net result for the year
+€157,030
Depreciation
+€61,242
Receivables within one year
-€271,754
Deferred charges and accrued income
-€3,231
Trade debts
-€714
Tax, wage and social debts
-€21,850
Other debts
+€132,497
Investment (derived)
+€15,484
Investment in fixed assets (net)
+€15,484
Financing
-€64,625
Debts after one year
-€59,980
Current portion of long-term debt
-€4,645
Cash 2025
€14,426
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,839,806 | €2,042,144 | +€202,338 | +11.0% |
| Formation expenses | 20 | €954 | €455 | -€499 | -52.3% |
| Fixed assets | 21/28 | €1,649,508 | €1,573,281 | -€76,227 | -4.6% |
| Tangible fixed assets | 22/27 | €1,647,708 | €1,571,481 | -€76,227 | -4.6% |
| Land and buildings | 22 | €1,601,229 | €1,541,057 | -€60,172 | -3.8% |
| Plant, machinery and equipment | 23 | €239 | €157 | -€82 | -34.5% |
| Furniture and vehicles | 24 | €12,108 | €9,056 | -€3,053 | -25.2% |
| Other tangible fixed assets | 26 | €34,132 | €21,212 | -€12,920 | -37.9% |
| Financial fixed assets | 28 | €1,800 | €1,800 | = | 0.0% |
| Current assets | 29/58 | €189,344 | €468,408 | +€279,064 | +147% |
| Amounts receivable within one year | 40/41 | €178,997 | €450,751 | +€271,754 | +152% |
| Trade receivables | 40 | €63,188 | €81,442 | +€18,254 | +28.9% |
| Other amounts receivable | 41 | €115,810 | €369,309 | +€253,499 | +219% |
| Cash at bank and in hand | 54/58 | €10,347 | €14,426 | +€4,079 | +39.4% |
| Deferred charges and accrued income | 490/1 | - | €3,231 | +€3,231 | |
| Total equity and liabilities | 10/49 | €1,839,806 | €2,042,144 | +€202,338 | +11.0% |
| Equity | 10/15 | €183,741 | €340,771 | +€157,030 | +85.5% |
| Contributions | 10/11 | €24,936 | €24,936 | = | 0.0% |
| Profit (loss) carried forward | 14 | €158,805 | €315,835 | +€157,030 | +98.9% |
| Amounts payable | 17/49 | €1,656,065 | €1,701,373 | +€45,308 | +2.7% |
| Amounts payable after more than one year | 17 | €1,140,641 | €1,080,661 | -€59,980 | -5.3% |
| Financial debts | 170/4 | €1,140,641 | €1,080,661 | -€59,980 | -5.3% |
| Amounts payable within one year | 42/48 | €515,424 | €620,712 | +€105,288 | +20.4% |
| Current portion of amounts payable after more than one year | 42 | €70,045 | €65,400 | -€4,645 | -6.6% |
| Trade debts | 44 | €714 | - | -€714 | |
| Suppliers | 440/4 | €714 | - | -€714 | |
| Taxes, remuneration and social security | 45 | €96,695 | €74,844 | -€21,850 | -22.6% |
| Taxes | 450/3 | €96,695 | €74,844 | -€21,850 | -22.6% |
| Other amounts payable | 47/48 | €347,970 | €480,468 | +€132,497 | +38.1% |
| Non-recurring operating income | 76A | - | €318 | +€318 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,859 | €61,242 | -€4,616 | -7.0% |
| Other operating charges | 640/8 | €5,491 | €9,341 | +€3,850 | +70.1% |
| Gross operating margin | 9900 | €248,253 | €297,099 | +€48,847 | +19.7% |
| Operating profit (loss) | 9901 | €176,903 | €226,517 | +€49,613 | +28.0% |
| Financial income | 75/76B | €0 | €1,087 | +€1,087 | +5,436,650% |
| Recurring financial income | 75 | €0 | €1,087 | +€1,087 | +5,436,650% |
| Financial charges | 65/66B | €14,315 | €15,397 | +€1,082 | +7.6% |
| Recurring financial charges | 65 | €14,315 | €15,397 | +€1,082 | +7.6% |
| Profit (loss) for the period before taxes | 9903 | €162,588 | €212,207 | +€49,619 | +30.5% |
| Income taxes | 67/77 | €42,050 | €55,177 | +€13,126 | +31.2% |
| Profit (loss) for the period | 9904 | €120,538 | €157,030 | +€36,492 | +30.3% |
| Profit (loss) for the period to be appropriated | 9905 | €120,538 | €157,030 | +€36,492 | +30.3% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.