DELCO: 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.
DELCO
Largest movements
- Stocks and contracts -€47,489
down €47,489 (-11.9%), from €399,965 to €352,476
- Cash +€26,365
up €26,365 (+4,097%), from €643 to €27,008
mainly Stocks and contracts (+€47,489) and Trade debts (+€14,528)
- Other debts -€44,697
down €44,697 (-48.4%), from €92,422 to €47,725
- Trade debts +€14,528
up €14,528 (+411%), from €3,532 to €18,060
- Profit (loss) carried forward +€4,880
up €4,880 (+3.6%), from -€136,272 to -€131,392
- Gross operating margin +€17,120
up €17,120, from -€9,724 to €7,396
- Depreciation +€782
up €782 (+74.3%), from €1,052 to €1,834
- Other operating charges +€404
up €404 (+213%), from €190 to €593
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €448,231 | €422,943 | -€25,289 | -5.6% |
| Fixed assets | 21/28 | €22,968 | €21,134 | -€1,834 | -8.0% |
| Tangible fixed assets | 22/27 | €2,768 | €934 | -€1,834 | -66.3% |
| Plant, machinery and equipment | 23 | €2,768 | €934 | -€1,834 | -66.3% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €20,200 | €20,200 | = | 0.0% |
| Current assets | 29/58 | €425,263 | €401,809 | -€23,454 | -5.5% |
| Stocks and contracts in progress | 3 | €399,965 | €352,476 | -€47,489 | -11.9% |
| Stocks | 30/36 | €399,965 | €352,476 | -€47,489 | -11.9% |
| Amounts receivable within one year | 40/41 | €24,655 | €22,325 | -€2,330 | -9.5% |
| Trade receivables | 40 | €24,630 | €22,280 | -€2,350 | -9.5% |
| Other amounts receivable | 41 | €25 | €45 | +€20 | +79.3% |
| Cash at bank and in hand | 54/58 | €643 | €27,008 | +€26,365 | +4,097% |
| Total equity and liabilities | 10/49 | €448,231 | €422,943 | -€25,289 | -5.6% |
| Equity | 10/15 | -€97,722 | -€92,842 | +€4,880 | +5.0% |
| Contributions | 10/11 | €38,550 | €38,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€136,272 | -€131,392 | +€4,880 | +3.6% |
| Amounts payable | 17/49 | €545,953 | €515,785 | -€30,169 | -5.5% |
| Amounts payable after more than one year | 17 | €450,000 | €450,000 | = | 0.0% |
| Financial debts | 170/4 | €450,000 | €450,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €95,953 | €65,785 | -€30,169 | -31.4% |
| Trade debts | 44 | €3,532 | €18,060 | +€14,528 | +411% |
| Suppliers | 440/4 | €3,532 | €18,060 | +€14,528 | +411% |
| Other amounts payable | 47/48 | €92,422 | €47,725 | -€44,697 | -48.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,052 | €1,834 | +€782 | +74.3% |
| Other operating charges | 640/8 | €190 | €593 | +€404 | +213% |
| Gross operating margin | 9900 | -€9,724 | €7,396 | +€17,120 | |
| Operating profit (loss) | 9901 | -€10,966 | €4,968 | +€15,934 | |
| Financial charges | 65/66B | €63 | €88 | +€25 | +40.4% |
| Recurring financial charges | 65 | €63 | €88 | +€25 | +40.4% |
| Profit (loss) for the period before taxes | 9903 | -€11,029 | €4,880 | +€15,909 | |
| Profit (loss) for the period | 9904 | -€11,029 | €4,880 | +€15,909 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,029 | €4,880 | +€15,909 |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.