DELCORON: 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.
DELCORON
Largest movements
- Receivables within one year -€395,801
down €395,801 (-93.4%), from €423,595 to €27,794
of which Trade receivables: -€406,178
- Tangible fixed assets -€167,796
down €167,796 (-10.4%), from €1.6m to €1.4m
of which Plant, machinery and equipment: -€86,715
- Cash -€136,379
down €136,379 (-61.3%), from €222,461 to €86,082
mainly Net result for the year (-€770,236) and Debts after one year (-€88,849)
- Profit (loss) carried forward -€770,236
down €770,236 (-206.7%), from -€372,614 to -€1.1m
- Other debts +€275,000
up €275,000 (+80.9%), from €340,000 to €615,000
- Debts after one year -€88,849
down €88,849 (-13.3%), from €668,310 to €579,461
- Trade debts -€75,628
down €75,628 (-11.8%), from €641,345 to €565,717
- Accrued charges and deferred income -€64,459
down €64,459 (-6.1%), from €1.1m to €999,160
- Staff costs +€294,774
up €294,774 (+135.0%), from €218,367 to €513,141
- Depreciation +€131,390
up €131,390 (+290.4%), from €45,244 to €176,634
- Gross operating margin +€52,671
up €52,671 (+54.7%), from -€96,236 to -€43,565
- Financial charges +€19,922
up €19,922 (+166.4%), from €11,970 to €31,892
- Other operating charges +€4,117
up €4,117 (+550.7%), from €748 to €4,865
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 | €2,674,230 | €1,972,416 | -€701,813 | -26.2% |
| Fixed assets | 21/28 | €1,615,516 | €1,447,720 | -€167,796 | -10.4% |
| Intangible fixed assets | 21 | €0 | - | -€0 | |
| Tangible fixed assets | 22/27 | €1,615,152 | €1,447,357 | -€167,796 | -10.4% |
| Plant, machinery and equipment | 23 | €749,013 | €662,298 | -€86,715 | -11.6% |
| Furniture and vehicles | 24 | €965 | €710 | -€255 | -26.4% |
| Other tangible fixed assets | 26 | €865,175 | €784,349 | -€80,826 | -9.3% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €1,058,714 | €524,697 | -€534,018 | -50.4% |
| Stocks and contracts in progress | 3 | €409,870 | €406,913 | -€2,957 | -0.7% |
| Stocks | 30/36 | €409,870 | €406,913 | -€2,957 | -0.7% |
| Amounts receivable within one year | 40/41 | €423,595 | €27,794 | -€395,801 | -93.4% |
| Trade receivables | 40 | €423,595 | €17,417 | -€406,178 | -95.9% |
| Other amounts receivable | 41 | - | €10,376 | +€10,376 | |
| Cash at bank and in hand | 54/58 | €222,461 | €86,082 | -€136,379 | -61.3% |
| Deferred charges and accrued income | 490/1 | €2,788 | €3,908 | +€1,120 | +40.2% |
| Total equity and liabilities | 10/49 | €2,674,230 | €1,972,416 | -€701,813 | -26.2% |
| Equity | 10/15 | -€152,614 | -€922,850 | -€770,236 | -504.7% |
| Contributions | 10/11 | €220,000 | €220,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€372,614 | -€1,142,850 | -€770,236 | -206.7% |
| Amounts payable | 17/49 | €2,826,844 | €2,895,266 | +€68,422 | +2.4% |
| Amounts payable after more than one year | 17 | €668,310 | €579,461 | -€88,849 | -13.3% |
| Financial debts | 170/4 | €668,310 | €579,461 | -€88,849 | -13.3% |
| Amounts payable within one year | 42/48 | €1,094,916 | €1,316,646 | +€221,730 | +20.3% |
| Current portion of amounts payable after more than one year | 42 | €81,690 | €95,516 | +€13,825 | +16.9% |
| Trade debts | 44 | €641,345 | €565,717 | -€75,628 | -11.8% |
| Suppliers | 440/4 | €641,345 | €565,717 | -€75,628 | -11.8% |
| Taxes, remuneration and social security | 45 | €31,880 | €40,413 | +€8,533 | +26.8% |
| Taxes | 450/3 | €10,936 | - | -€10,936 | |
| Remuneration and social security | 454/9 | €20,944 | €40,413 | +€19,469 | +93.0% |
| Other amounts payable | 47/48 | €340,000 | €615,000 | +€275,000 | +80.9% |
| Accrued charges and deferred income | 492/3 | €1,063,618 | €999,160 | -€64,459 | -6.1% |
| Remuneration, social security and pensions | 62 | €218,367 | €513,141 | +€294,774 | +135.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,244 | €176,634 | +€131,390 | +290.4% |
| Other operating charges | 640/8 | €748 | €4,865 | +€4,117 | +550.7% |
| Gross operating margin | 9900 | -€96,236 | -€43,565 | +€52,671 | +54.7% |
| Operating profit (loss) | 9901 | -€360,595 | -€738,206 | -€377,611 | -104.7% |
| Financial income | 75/76B | €56 | €347 | +€292 | +523.0% |
| Recurring financial income | 75 | €56 | €347 | +€292 | +523.0% |
| Financial charges | 65/66B | €11,970 | €31,892 | +€19,922 | +166.4% |
| Recurring financial charges | 65 | €11,970 | €31,892 | +€19,922 | +166.4% |
| Profit (loss) for the period before taxes | 9903 | -€372,509 | -€769,750 | -€397,242 | -106.6% |
| Income taxes | 67/77 | €106 | €485 | +€379 | +358.4% |
| Profit (loss) for the period | 9904 | -€372,614 | -€770,236 | -€397,621 | -106.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€372,614 | -€770,236 | -€397,621 | -106.7% |
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 9 October 2026 via checked.be.