Delco: 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.
Delco
Largest movements
- Cash +€26,368
up €26,368 (+38.4%), from €68,704 to €95,072
mainly Debts within one year (+€41,684) and Net result for the year (+€17,448)
- Deferred charges and accrued income +€19,736
up €19,736 (+179.4%), from €11,000 to €30,736
- Receivables within one year +€15,487
up €15,487 (+30.7%), from €50,487 to €65,974
of which Other amounts receivable: +€11,857
- Financial fixed assets -€2,000
down €2,000 (-100.0%), from €2,000 to €0
- Debts within one year +€41,684
up €41,684 (+7.5%), from €552,172 to €593,857
- Profit (loss) carried forward +€17,448
up €17,448 (+4.2%), from -€415,450 to -€398,003
- Gross operating margin +€202,319
up €202,319, from -€163,349 to €38,970
- Financial charges +€7,859
up €7,859 (+115.4%), from €6,813 to €14,672
- Other operating charges +€5,000
new in 2025: €5,000
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 | €138,153 | €195,854 | +€57,701 | +41.8% |
| Fixed assets | 21/28 | €7,962 | €4,072 | -€3,890 | -48.9% |
| Tangible fixed assets | 22/27 | €5,962 | €4,072 | -€1,890 | -31.7% |
| Plant, machinery and equipment | 23 | €5,962 | €4,072 | -€1,890 | -31.7% |
| Financial fixed assets | 28 | €2,000 | €0 | -€2,000 | -100.0% |
| Current assets | 29/58 | €130,191 | €191,782 | +€61,591 | +47.3% |
| Amounts receivable within one year | 40/41 | €50,487 | €65,974 | +€15,487 | +30.7% |
| Trade receivables | 40 | €42,070 | €45,700 | +€3,630 | +8.6% |
| Other amounts receivable | 41 | €8,417 | €20,274 | +€11,857 | +140.9% |
| Cash at bank and in hand | 54/58 | €68,704 | €95,072 | +€26,368 | +38.4% |
| Deferred charges and accrued income | 490/1 | €11,000 | €30,736 | +€19,736 | +179.4% |
| Total equity and liabilities | 10/49 | €138,153 | €195,854 | +€57,701 | +41.8% |
| Equity | 10/15 | -€415,450 | -€398,003 | +€17,448 | +4.2% |
| Profit (loss) carried forward | 14 | -€415,450 | -€398,003 | +€17,448 | +4.2% |
| Amounts payable | 17/49 | €553,604 | €593,857 | +€40,253 | +7.3% |
| Amounts payable within one year | 42/48 | €552,172 | €593,857 | +€41,684 | +7.5% |
| Financial debts | 43 | €196 | €1,133 | +€937 | +479.1% |
| Credit institutions | 430/8 | €196 | €1,133 | +€937 | +479.1% |
| Trade debts | 44 | €114,236 | €128,916 | +€14,680 | +12.9% |
| Suppliers | 440/4 | €114,236 | €128,916 | +€14,680 | +12.9% |
| Other amounts payable | 47/48 | €437,741 | - | -€437,741 | |
| Accrued charges and deferred income | 492/3 | €1,431 | €0 | -€1,431 | -100.0% |
| Remuneration, social security and pensions | 62 | €90 | €92 | +€2 | +1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,890 | €1,890 | -€0 | 0.0% |
| Other operating charges | 640/8 | - | €5,000 | +€5,000 | |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | -€163,349 | €38,970 | +€202,319 | |
| Operating profit (loss) | 9901 | -€165,330 | €31,988 | +€197,318 | |
| Financial income | 75/76B | €316 | €131 | -€185 | -58.5% |
| Recurring financial income | 75 | €316 | €131 | -€185 | -58.5% |
| Financial charges | 65/66B | €6,813 | €14,672 | +€7,859 | +115.4% |
| Recurring financial charges | 65 | €6,813 | €14,672 | +€7,859 | +115.4% |
| Profit (loss) for the period before taxes | 9903 | -€171,826 | €17,448 | +€189,274 | |
| Profit (loss) for the period | 9904 | -€171,826 | €17,448 | +€189,274 | |
| Profit (loss) for the period to be appropriated | 9905 | -€171,826 | €17,448 | +€189,274 |
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 2 October 2026 via checked.be.