DELCART: 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.
DELCART
Largest movements
- Cash +€213,029
up €213,029 (+90.1%), from €236,318 to €449,347
mainly Net result for the year (+€234,347) and Investment in fixed assets (net) (+€199,700)
- Receivables within one year +€208,380
up €208,380 (+183%), from €114,113 to €322,493
of which Other amounts receivable: +€210,560
- Financial fixed assets -€199,700
down €199,700 (-22.7%), from €880,000 to €680,300
- Profit (loss) carried forward +€223,922
up €223,922 (+22.1%), from €1.0m to €1.2m
- Financial income -€29,472
down €29,472 (-10.9%), from €271,275 to €241,803
- Gross operating margin -€18,211
down €18,211, from €17,759 to -€452
- Other operating charges -€10,584
down €10,584 (-87.6%), from €12,081 to €1,497
- Financial charges +€386
up €386 (+9.3%), from €4,145 to €4,530
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 | €1,534,031 | €1,757,163 | +€223,132 | +14.5% |
| Fixed assets | 21/28 | €883,600 | €683,300 | -€200,300 | -22.7% |
| Tangible fixed assets | 22/27 | €3,600 | €3,000 | -€600 | -16.7% |
| Plant, machinery and equipment | 23 | €3,600 | €3,000 | -€600 | -16.7% |
| Financial fixed assets | 28 | €880,000 | €680,300 | -€199,700 | -22.7% |
| Current assets | 29/58 | €650,431 | €1,073,863 | +€423,432 | +65.1% |
| Amounts receivable within one year | 40/41 | €114,113 | €322,493 | +€208,380 | +183% |
| Trade receivables | 40 | €4,798 | €2,618 | -€2,180 | -45.4% |
| Other amounts receivable | 41 | €109,315 | €319,875 | +€210,560 | +193% |
| Current investments | 50/53 | €300,000 | €300,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €236,318 | €449,347 | +€213,029 | +90.1% |
| Deferred charges and accrued income | 490/1 | - | €2,022 | +€2,022 | |
| Total equity and liabilities | 10/49 | €1,534,031 | €1,757,163 | +€223,132 | +14.5% |
| Equity | 10/15 | €1,232,862 | €1,456,784 | +€223,922 | +18.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | - | -€18,600 | |
| Share premium | 1100/10 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €201,860 | €201,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €201,860 | €201,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €201,860 | +€200,000 | +10,753% |
| Own shares acquired | 1312 | €200,000 | - | -€200,000 | |
| Profit (loss) carried forward | 14 | €1,012,402 | €1,236,324 | +€223,922 | +22.1% |
| Amounts payable | 17/49 | €301,169 | €300,379 | -€790 | -0.3% |
| Amounts payable within one year | 42/48 | €301,169 | €300,379 | -€790 | -0.3% |
| Trade debts | 44 | €9,991 | €6,277 | -€3,714 | -37.2% |
| Suppliers | 440/4 | €9,991 | €6,277 | -€3,714 | -37.2% |
| Taxes, remuneration and social security | 45 | - | €376 | +€376 | |
| Taxes | 450/3 | - | €376 | +€376 | |
| Other amounts payable | 47/48 | €291,178 | €293,725 | +€2,547 | +0.9% |
| Non-recurring operating income | 76A | €47,448 | - | -€47,448 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €600 | €600 | = | 0.0% |
| Other operating charges | 640/8 | €12,081 | €1,497 | -€10,584 | -87.6% |
| Gross operating margin | 9900 | €17,759 | -€452 | -€18,211 | |
| Operating profit (loss) | 9901 | €5,078 | -€2,549 | -€7,627 | |
| Financial income | 75/76B | €271,275 | €241,803 | -€29,472 | -10.9% |
| Recurring financial income | 75 | €271,275 | €241,803 | -€29,472 | -10.9% |
| Financial charges | 65/66B | €4,145 | €4,530 | +€386 | +9.3% |
| Recurring financial charges | 65 | €4,145 | €4,530 | +€386 | +9.3% |
| Profit (loss) for the period before taxes | 9903 | €272,208 | €234,724 | -€37,484 | -13.8% |
| Income taxes | 67/77 | €256 | €376 | +€120 | +46.8% |
| Profit (loss) for the period | 9904 | €271,951 | €234,347 | -€37,604 | -13.8% |
| Profit (loss) for the period to be appropriated | 9905 | €271,951 | €234,347 | -€37,604 | -13.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.