DELCOCHAUFFAGE: 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.
DELCOCHAUFFAGE
Largest movements
- Cash -€31,103
down €31,103 (-65.7%), from €47,352 to €16,249
mainly Investment in fixed assets (net) (-€24,241) and Tax, wage and social debts (-€10,586)
- Tangible fixed assets +€17,227
up €17,227 (+141%), from €12,180 to €29,407
of which Furniture and vehicles: +€17,857
- Receivables within one year -€9,341
down €9,341 (-23.3%), from €40,018 to €30,677
of which Trade receivables: -€9,341
- Tax, wage and social debts -€10,586
down €10,586 (-53.0%), from €19,979 to €9,393
of which Remuneration and social security: -€6,600
- Trade debts -€7,263
down €7,263 (-24.3%), from €29,860 to €22,597
- Current portion of long-term debt +€5,052
new in 2025: €5,052
- Reserves -€4,210
down €4,210 (-12.6%), from €33,542 to €29,332
- Advances received -€3,931
no longer reported in 2025 (was €3,931)
- Gross operating margin -€41,525
down €41,525 (-91.9%), from €45,179 to €3,654
- Taxes -€8,716
no longer reported in 2025 (was €8,716)
- Depreciation +€4,249
up €4,249 (+154%), from €2,765 to €7,014
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 | €99,550 | €76,348 | -€23,202 | -23.3% |
| Fixed assets | 21/28 | €12,180 | €29,407 | +€17,227 | +141% |
| Tangible fixed assets | 22/27 | €12,180 | €29,407 | +€17,227 | +141% |
| Plant, machinery and equipment | 23 | €2,567 | €1,937 | -€630 | -24.5% |
| Furniture and vehicles | 24 | €9,613 | €27,470 | +€17,857 | +186% |
| Current assets | 29/58 | €87,370 | €46,941 | -€40,429 | -46.3% |
| Amounts receivable within one year | 40/41 | €40,018 | €30,677 | -€9,341 | -23.3% |
| Trade receivables | 40 | €40,015 | €30,674 | -€9,341 | -23.3% |
| Other amounts receivable | 41 | €3 | €3 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €47,352 | €16,249 | -€31,103 | -65.7% |
| Deferred charges and accrued income | 490/1 | - | €15 | +€15 | |
| Total equity and liabilities | 10/49 | €99,550 | €76,348 | -€23,202 | -23.3% |
| Equity | 10/15 | €34,542 | €30,332 | -€4,210 | -12.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Capital | 10 | €1,000 | €1,000 | = | 0.0% |
| Issued capital | 100 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €33,542 | €29,332 | -€4,210 | -12.6% |
| Distributable reserves | 133 | €33,542 | €29,332 | -€4,210 | -12.6% |
| Amounts payable | 17/49 | €65,008 | €46,016 | -€18,992 | -29.2% |
| Amounts payable within one year | 42/48 | €65,008 | €45,389 | -€19,620 | -30.2% |
| Current portion of amounts payable after more than one year | 42 | - | €5,052 | +€5,052 | |
| Trade debts | 44 | €29,860 | €22,597 | -€7,263 | -24.3% |
| Suppliers | 440/4 | €29,860 | €22,597 | -€7,263 | -24.3% |
| Advances received on contracts in progress | 46 | €3,931 | - | -€3,931 | |
| Taxes, remuneration and social security | 45 | €19,979 | €9,393 | -€10,586 | -53.0% |
| Taxes | 450/3 | €11,179 | €7,193 | -€3,986 | -35.7% |
| Remuneration and social security | 454/9 | €8,800 | €2,200 | -€6,600 | -75.0% |
| Other amounts payable | 47/48 | €11,238 | €8,347 | -€2,892 | -25.7% |
| Accrued charges and deferred income | 492/3 | - | €628 | +€628 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,765 | €7,014 | +€4,249 | +154% |
| Other operating charges | 640/8 | - | €285 | +€285 | |
| Gross operating margin | 9900 | €45,179 | €3,654 | -€41,525 | -91.9% |
| Operating profit (loss) | 9901 | €42,414 | -€3,644 | -€46,059 | |
| Financial income | 75/76B | €5 | €0 | -€5 | -94.1% |
| Recurring financial income | 75 | €5 | €0 | -€5 | -94.1% |
| Financial charges | 65/66B | €162 | €566 | +€405 | +250% |
| Recurring financial charges | 65 | €162 | €566 | +€405 | +250% |
| Profit (loss) for the period before taxes | 9903 | €42,258 | -€4,210 | -€46,468 | |
| Income taxes | 67/77 | €8,716 | - | -€8,716 | |
| Profit (loss) for the period | 9904 | €33,542 | -€4,210 | -€37,752 | |
| Profit (loss) for the period to be appropriated | 9905 | €33,542 | -€4,210 | -€37,752 |
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 14 October 2026 via checked.be.