DELCOUR: 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.
DELCOUR
Largest movements
- Receivables within one year +€8,408
up €8,408 (+16.4%), from €51,306 to €59,714
of which Trade receivables: +€8,802
- Cash -€5,322
down €5,322 (-5.1%), from €104,976 to €99,654
mainly Net result for the year (-€9,574) and Receivables within one year (-€8,408)
- Trade debts +€16,750
up €16,750 (+329%), from €5,087 to €21,837
- Profit (loss) carried forward -€9,574
down €9,574 (-36.0%), from €26,630 to €17,056
- Other debts -€2,645
down €2,645 (-22.2%), from €11,933 to €9,288
- Tax, wage and social debts -€1,714
down €1,714 (-31.1%), from €5,514 to €3,800
- Gross operating margin +€4,260
up €4,260 (+36.0%), from -€11,830 to -€7,570
- Other operating charges +€1,086
up €1,086 (+958%), from €113 to €1,200
- Depreciation -€274
down €274 (-37.9%), from €723 to €449
- Financial income +€215
up €215 (+187%), from €115 to €330
- Financial charges +€187
up €187 (+37.5%), from €498 to €685
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 | €164,224 | €166,942 | +€2,718 | +1.7% |
| Fixed assets | 21/28 | €1,328 | €879 | -€449 | -33.8% |
| Tangible fixed assets | 22/27 | €894 | €445 | -€449 | -50.2% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €894 | €445 | -€449 | -50.2% |
| Financial fixed assets | 28 | €434 | €434 | = | 0.0% |
| Current assets | 29/58 | €162,896 | €166,063 | +€3,167 | +1.9% |
| Stocks and contracts in progress | 3 | €5,000 | €5,000 | = | 0.0% |
| Stocks | 30/36 | €5,000 | €5,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €51,306 | €59,714 | +€8,408 | +16.4% |
| Trade receivables | 40 | €46,561 | €55,362 | +€8,802 | +18.9% |
| Other amounts receivable | 41 | €4,745 | €4,352 | -€393 | -8.3% |
| Cash at bank and in hand | 54/58 | €104,976 | €99,654 | -€5,322 | -5.1% |
| Deferred charges and accrued income | 490/1 | €1,614 | €1,694 | +€81 | +5.0% |
| Total equity and liabilities | 10/49 | €164,224 | €166,942 | +€2,718 | +1.7% |
| Equity | 10/15 | €141,591 | €132,017 | -€9,574 | -6.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €96,369 | €96,369 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,145 | €3,145 | = | 0.0% |
| Distributable reserves | 133 | €91,364 | €91,364 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,630 | €17,056 | -€9,574 | -36.0% |
| Amounts payable | 17/49 | €22,633 | €34,925 | +€12,292 | +54.3% |
| Amounts payable within one year | 42/48 | €22,534 | €34,925 | +€12,391 | +55.0% |
| Trade debts | 44 | €5,087 | €21,837 | +€16,750 | +329% |
| Suppliers | 440/4 | €5,087 | €21,837 | +€16,750 | +329% |
| Taxes, remuneration and social security | 45 | €5,514 | €3,800 | -€1,714 | -31.1% |
| Taxes | 450/3 | €5,514 | €3,800 | -€1,714 | -31.1% |
| Other amounts payable | 47/48 | €11,933 | €9,288 | -€2,645 | -22.2% |
| Accrued charges and deferred income | 492/3 | €99 | - | -€99 | |
| Turnover | 70 | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €723 | €449 | -€274 | -37.9% |
| Other operating charges | 640/8 | €113 | €1,200 | +€1,086 | +958% |
| Gross operating margin | 9900 | -€11,830 | -€7,570 | +€4,260 | +36.0% |
| Operating profit (loss) | 9901 | -€12,666 | -€9,219 | +€3,447 | +27.2% |
| Financial income | 75/76B | €115 | €330 | +€215 | +187% |
| Recurring financial income | 75 | €115 | €330 | +€215 | +187% |
| Financial charges | 65/66B | €498 | €685 | +€187 | +37.5% |
| Recurring financial charges | 65 | €498 | €685 | +€187 | +37.5% |
| Profit (loss) for the period before taxes | 9903 | -€13,049 | -€9,574 | +€3,475 | +26.6% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€13,049 | -€9,574 | +€3,475 | +26.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,049 | -€9,574 | +€3,475 | +26.6% |
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 18 October 2026 via checked.be.