DELCOM: 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.
DELCOM
Largest movements
- Receivables within one year +€805,229
up €805,229 (+150.5%), from €534,903 to €1.3m
of which Other amounts receivable: +€956,740
- Cash -€129,278
down €129,278 (-42.6%), from €303,796 to €174,518
mainly Receivables within one year (-€805,229) and Debts within one year (-€472,414)
- Profit (loss) carried forward +€1.2m
up €1.2m (+25.1%), from €4.7m to €5.8m
- Debts within one year -€472,414
down €472,414 (-31.1%), from €1.5m to €1.0m
- Gross operating margin +€972,872
up €972,872 (+184.0%), from €528,624 to €1.5m
- Staff costs +€78,179
up €78,179 (+32.5%), from €240,246 to €318,425
- Financial income -€42,492
down €42,492 (-66.9%), from €63,473 to €20,980
- Other operating charges -€16,630
down €16,630 (-39.5%), from €42,057 to €25,428
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 | €6,379,860 | €7,002,485 | +€622,626 | +9.8% |
| Fixed assets | 21/28 | €5,536,814 | €5,487,812 | -€49,001 | -0.9% |
| Tangible fixed assets | 22/27 | €5,536,814 | €5,487,812 | -€49,001 | -0.9% |
| Plant, machinery and equipment | 23 | €400 | €0 | -€400 | -100.0% |
| Furniture and vehicles | 24 | €5,485,653 | €5,437,052 | -€48,601 | -0.9% |
| Other tangible fixed assets | 26 | €50,761 | €50,761 | = | 0.0% |
| Current assets | 29/58 | €843,046 | €1,514,673 | +€671,627 | +79.7% |
| Amounts receivable within one year | 40/41 | €534,903 | €1,340,132 | +€805,229 | +150.5% |
| Trade receivables | 40 | €151,511 | €0 | -€151,511 | -100.0% |
| Other amounts receivable | 41 | €383,392 | €1,340,132 | +€956,740 | +249.5% |
| Cash at bank and in hand | 54/58 | €303,796 | €174,518 | -€129,278 | -42.6% |
| Deferred charges and accrued income | 490/1 | €4,347 | €23 | -€4,324 | -99.5% |
| Total equity and liabilities | 10/49 | €6,379,860 | €7,002,485 | +€622,626 | +9.8% |
| Equity | 10/15 | €4,652,997 | €5,822,109 | +€1.2m | +25.1% |
| Profit (loss) carried forward | 14 | €4,652,997 | €5,822,109 | +€1.2m | +25.1% |
| Amounts payable | 17/49 | €1,726,862 | €1,180,376 | -€546,486 | -31.6% |
| Amounts payable after more than one year | 17 | €111,958 | €78,742 | -€33,216 | -29.7% |
| Financial debts | 170/4 | €111,958 | €78,742 | -€33,216 | -29.7% |
| Amounts payable within one year | 42/48 | €1,517,167 | €1,044,754 | -€472,414 | -31.1% |
| Current portion of amounts payable after more than one year | 42 | €59,646 | €33,216 | -€26,430 | -44.3% |
| Trade debts | 44 | €72,367 | €67,277 | -€5,089 | -7.0% |
| Suppliers | 440/4 | €72,367 | €67,277 | -€5,089 | -7.0% |
| Taxes, remuneration and social security | 45 | €34,403 | €10,492 | -€23,912 | -69.5% |
| Taxes | 450/3 | €4,932 | €0 | -€4,932 | -100.0% |
| Remuneration and social security | 454/9 | €29,472 | €10,492 | -€18,980 | -64.4% |
| Accrued charges and deferred income | 492/3 | €97,737 | €56,881 | -€40,856 | -41.8% |
| Non-recurring operating income | 76A | €132 | €1,737,940 | +€1.7m | +1316720.4% |
| Remuneration, social security and pensions | 62 | €240,246 | €318,425 | +€78,179 | +32.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,106 | €0 | -€9,106 | -100.0% |
| Other operating charges | 640/8 | €42,057 | €25,428 | -€16,630 | -39.5% |
| Non-recurring operating charges | 66A | €20,156 | €0 | -€20,156 | -100.0% |
| Gross operating margin | 9900 | €528,624 | €1,501,496 | +€972,872 | +184.0% |
| Operating profit (loss) | 9901 | €217,059 | €1,157,643 | +€940,585 | +433.3% |
| Financial income | 75/76B | €63,473 | €20,980 | -€42,492 | -66.9% |
| Recurring financial income | 75 | €63,473 | €20,980 | -€42,492 | -66.9% |
| Financial charges | 65/66B | -€818 | €5,328 | +€6,146 | |
| Recurring financial charges | 65 | -€818 | €5,328 | +€6,146 | |
| Profit (loss) for the period before taxes | 9903 | €281,349 | €1,173,295 | +€891,946 | +317.0% |
| Income taxes | 67/77 | €12,582 | €4,184 | -€8,399 | -66.8% |
| Profit (loss) for the period | 9904 | €268,767 | €1,169,112 | +€900,345 | +335.0% |
| Profit (loss) for the period to be appropriated | 9905 | €268,767 | €1,169,112 | +€900,345 | +335.0% |
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 7 October 2026 via checked.be.