Delcampo: 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.
Delcampo
Largest movements
- Receivables within one year -€33,428
down €33,428 (-27.2%), from €122,917 to €89,489
of which Trade receivables: -€22,571
- Tangible fixed assets -€1,606
down €1,606 (-100%), from €1,606 to €0
of which Furniture and vehicles: -€941
- Profit (loss) carried forward -€13,937
down €13,937 (-117%), from -€11,941 to -€25,879
- Trade debts -€13,024
down €13,024 (-43.0%), from €30,303 to €17,278
- Short-term financial debts -€7,756
down €7,756 (-33.9%), from €22,901 to €15,145
of which Credit institutions: -€7,756
- Gross operating margin -€9,471
down €9,471 (-388%), from -€2,440 to -€11,911
- Depreciation -€1,442
down €1,442 (-47.3%), from €3,048 to €1,606
- Financial charges +€637
up €637 (+16.9%), from €3,765 to €4,402
- Financial income -€625
down €625 (-11.7%), from €5,326 to €4,701
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €157,844 | €123,682 | -€34,162 | -21.6% |
| Fixed assets | 21/28 | €1,606 | €0 | -€1,606 | -100% |
| Tangible fixed assets | 22/27 | €1,606 | €0 | -€1,606 | -100% |
| Plant, machinery and equipment | 23 | €665 | €0 | -€665 | -100% |
| Furniture and vehicles | 24 | €941 | €0 | -€941 | -100% |
| Current assets | 29/58 | €156,238 | €123,682 | -€32,556 | -20.8% |
| Stocks and contracts in progress | 3 | €32,862 | €33,840 | +€978 | +3.0% |
| Stocks | 30/36 | €32,862 | €33,840 | +€978 | +3.0% |
| Amounts receivable within one year | 40/41 | €122,917 | €89,489 | -€33,428 | -27.2% |
| Trade receivables | 40 | €30,128 | €7,557 | -€22,571 | -74.9% |
| Other amounts receivable | 41 | €92,789 | €81,932 | -€10,857 | -11.7% |
| Deferred charges and accrued income | 490/1 | €459 | €353 | -€106 | -23.2% |
| Total equity and liabilities | 10/49 | €157,844 | €123,682 | -€34,162 | -21.6% |
| Equity | 10/15 | €103,253 | €89,316 | -€13,937 | -13.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €108,994 | €108,994 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €108,994 | €108,994 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,941 | -€25,879 | -€13,937 | -117% |
| Amounts payable | 17/49 | €54,591 | €34,366 | -€20,224 | -37.0% |
| Amounts payable within one year | 42/48 | €54,591 | €34,366 | -€20,224 | -37.0% |
| Financial debts | 43 | €22,901 | €15,145 | -€7,756 | -33.9% |
| Credit institutions | 430/8 | €22,901 | €15,145 | -€7,756 | -33.9% |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €30,303 | €17,278 | -€13,024 | -43.0% |
| Suppliers | 440/4 | €30,303 | €17,278 | -€13,024 | -43.0% |
| Taxes, remuneration and social security | 45 | €1,387 | €1,943 | +€556 | +40.1% |
| Taxes | 450/3 | €1,387 | €1,943 | +€556 | +40.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,048 | €1,606 | -€1,442 | -47.3% |
| Other operating charges | 640/8 | €705 | €720 | +€14 | +2.0% |
| Gross operating margin | 9900 | -€2,440 | -€11,911 | -€9,471 | -388% |
| Operating profit (loss) | 9901 | -€6,193 | -€14,236 | -€8,043 | -130% |
| Financial income | 75/76B | €5,326 | €4,701 | -€625 | -11.7% |
| Recurring financial income | 75 | €5,326 | €4,701 | -€625 | -11.7% |
| Financial charges | 65/66B | €3,765 | €4,402 | +€637 | +16.9% |
| Recurring financial charges | 65 | €3,765 | €4,402 | +€637 | +16.9% |
| Profit (loss) for the period before taxes | 9903 | -€4,632 | -€13,937 | -€9,305 | -201% |
| Profit (loss) for the period | 9904 | -€4,632 | -€13,937 | -€9,305 | -201% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,632 | -€13,937 | -€9,305 | -201% |
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 22 October 2026 via checked.be.