DELCOL: 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.
DELCOL
Largest movements
- Tangible fixed assets -€10,488
down €10,488 (-25.7%), from €40,788 to €30,300
of which Furniture and vehicles: -€10,409
- Cash -€4,860
down €4,860 (-7.3%), from €66,995 to €62,136
mainly Contributions, distributions and other (-€47,000) and Other debts (-€9,712)
- Receivables within one year -€2,446
down €2,446 (-23.1%), from €10,569 to €8,123
of which Trade receivables: -€2,114
- Reserves -€18,979
down €18,979 (-39.7%), from €47,851 to €28,873
- Other debts -€9,712
down €9,712 (-18.2%), from €53,279 to €43,567
- Tax, wage and social debts +€8,621
up €8,621 (+42.2%), from €20,451 to €29,072
of which Taxes: +€7,143
- Trade debts +€1,652
up €1,652 (+51.4%), from €3,213 to €4,865
- Staff costs +€22,262
up €22,262 (+26.8%), from €83,086 to €105,348
- Gross operating margin -€5,259
down €5,259 (-3.2%), from €163,833 to €158,574
- Taxes -€3,321
down €3,321 (-23.9%), from €13,871 to €10,550
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 | €130,868 | €112,376 | -€18,492 | -14.1% |
| Fixed assets | 21/28 | €40,788 | €30,300 | -€10,488 | -25.7% |
| Tangible fixed assets | 22/27 | €40,788 | €30,300 | -€10,488 | -25.7% |
| Plant, machinery and equipment | 23 | €10,274 | €10,195 | -€79 | -0.8% |
| Furniture and vehicles | 24 | €30,514 | €20,105 | -€10,409 | -34.1% |
| Current assets | 29/58 | €90,081 | €82,076 | -€8,004 | -8.9% |
| Stocks and contracts in progress | 3 | €9,749 | €9,870 | +€121 | +1.2% |
| Stocks | 30/36 | €9,749 | €9,870 | +€121 | +1.2% |
| Amounts receivable within one year | 40/41 | €10,569 | €8,123 | -€2,446 | -23.1% |
| Trade receivables | 40 | €3,620 | €1,506 | -€2,114 | -58.4% |
| Other amounts receivable | 41 | €6,949 | €6,617 | -€332 | -4.8% |
| Cash at bank and in hand | 54/58 | €66,995 | €62,136 | -€4,860 | -7.3% |
| Deferred charges and accrued income | 490/1 | €2,767 | €1,948 | -€819 | -29.6% |
| Total equity and liabilities | 10/49 | €130,868 | €112,376 | -€18,492 | -14.1% |
| Equity | 10/15 | €53,851 | €34,873 | -€18,979 | -35.2% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €47,851 | €28,873 | -€18,979 | -39.7% |
| Distributable reserves | 133 | €47,851 | €28,873 | -€18,979 | -39.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €77,017 | €77,504 | +€487 | +0.6% |
| Amounts payable within one year | 42/48 | €76,944 | €77,504 | +€560 | +0.7% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €3,213 | €4,865 | +€1,652 | +51.4% |
| Suppliers | 440/4 | €3,213 | €4,865 | +€1,652 | +51.4% |
| Taxes, remuneration and social security | 45 | €20,451 | €29,072 | +€8,621 | +42.2% |
| Taxes | 450/3 | €13,058 | €20,201 | +€7,143 | +54.7% |
| Remuneration and social security | 454/9 | €7,394 | €8,871 | +€1,477 | +20.0% |
| Other amounts payable | 47/48 | €53,279 | €43,567 | -€9,712 | -18.2% |
| Accrued charges and deferred income | 492/3 | €73 | €0 | -€73 | -100% |
| Remuneration, social security and pensions | 62 | €83,086 | €105,348 | +€22,262 | +26.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,091 | €12,882 | -€209 | -1.6% |
| Other operating charges | 640/8 | €593 | €1,295 | +€702 | +118% |
| Non-recurring operating charges | 66A | €608 | €0 | -€608 | -100% |
| Gross operating margin | 9900 | €163,833 | €158,574 | -€5,259 | -3.2% |
| Operating profit (loss) | 9901 | €66,455 | €39,049 | -€27,406 | -41.2% |
| Financial income | 75/76B | €128 | €49 | -€79 | -61.6% |
| Recurring financial income | 75 | €128 | €49 | -€79 | -61.6% |
| Financial charges | 65/66B | €827 | €527 | -€300 | -36.2% |
| Recurring financial charges | 65 | €827 | €527 | -€300 | -36.2% |
| Profit (loss) for the period before taxes | 9903 | €65,757 | €38,571 | -€27,186 | -41.3% |
| Income taxes | 67/77 | €13,871 | €10,550 | -€3,321 | -23.9% |
| Profit (loss) for the period | 9904 | €51,886 | €28,021 | -€23,865 | -46.0% |
| Profit (loss) for the period to be appropriated | 9905 | €51,886 | €28,021 | -€23,865 | -46.0% |
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 19 October 2026 via checked.be.