DELCRU: 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.
DELCRU
Largest movements
- Tangible fixed assets +€164,182
up €164,182 (+22.4%), from €731,935 to €896,117
- Cash -€16,279
down €16,279 (-69.4%), from €23,459 to €7,180
mainly Investment in fixed assets (net) (-€210,000) and Trade debts (-€2,219)
- Debts after one year +€88,037
up €88,037 (+16.1%), from €547,630 to €635,667
- Other debts +€42,903
up €42,903 (+650%), from €6,600 to €49,503
- Depreciation +€26,266
up €26,266 (+134%), from €19,553 to €45,818
- Financial charges +€4,678
up €4,678 (+69.3%), from €6,751 to €11,429
- Taxes -€2,893
down €2,893 (-79.1%), from €3,656 to €763
- Gross operating margin -€1,016
down €1,016 (-1.5%), from €68,791 to €67,775
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €763,434 | €907,279 | +€143,845 | +18.8% |
| Fixed assets | 21/28 | €735,685 | €899,867 | +€164,182 | +22.3% |
| Tangible fixed assets | 22/27 | €731,935 | €896,117 | +€164,182 | +22.4% |
| Land and buildings | 22 | €731,935 | €896,117 | +€164,182 | +22.4% |
| Financial fixed assets | 28 | €3,750 | €3,750 | = | 0.0% |
| Current assets | 29/58 | €27,749 | €7,413 | -€20,336 | -73.3% |
| Amounts receivable within one year | 40/41 | €4,290 | - | -€4,290 | |
| Other amounts receivable | 41 | €4,290 | - | -€4,290 | |
| Cash at bank and in hand | 54/58 | €23,459 | €7,180 | -€16,279 | -69.4% |
| Deferred charges and accrued income | 490/1 | - | €233 | +€233 | |
| Total equity and liabilities | 10/49 | €763,434 | €907,279 | +€143,845 | +18.8% |
| Equity | 10/15 | €132,132 | €139,759 | +€7,627 | +5.8% |
| Contributions | 10/11 | €81,479 | €81,479 | = | 0.0% |
| Reserves | 13 | €50,653 | €58,281 | +€7,627 | +15.1% |
| Distributable reserves | 133 | €50,653 | €58,281 | +€7,627 | +15.1% |
| Amounts payable | 17/49 | €631,302 | €767,520 | +€136,218 | +21.6% |
| Amounts payable after more than one year | 17 | €547,630 | €635,667 | +€88,037 | +16.1% |
| Financial debts | 170/4 | €547,630 | €635,667 | +€88,037 | +16.1% |
| Amounts payable within one year | 42/48 | €77,172 | €125,353 | +€48,181 | +62.4% |
| Current portion of amounts payable after more than one year | 42 | €64,697 | €72,740 | +€8,043 | +12.4% |
| Trade debts | 44 | €2,219 | - | -€2,219 | |
| Suppliers | 440/4 | €2,219 | - | -€2,219 | |
| Taxes, remuneration and social security | 45 | €3,656 | €3,110 | -€546 | -14.9% |
| Taxes | 450/3 | €3,656 | €3,110 | -€546 | -14.9% |
| Other amounts payable | 47/48 | €6,600 | €49,503 | +€42,903 | +650% |
| Accrued charges and deferred income | 492/3 | €6,500 | €6,500 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,553 | €45,818 | +€26,266 | +134% |
| Other operating charges | 640/8 | €2,271 | €2,137 | -€133 | -5.9% |
| Gross operating margin | 9900 | €68,791 | €67,775 | -€1,016 | -1.5% |
| Operating profit (loss) | 9901 | €46,967 | €19,819 | -€27,148 | -57.8% |
| Financial charges | 65/66B | €6,751 | €11,429 | +€4,678 | +69.3% |
| Recurring financial charges | 65 | €6,751 | €11,429 | +€4,678 | +69.3% |
| Profit (loss) for the period before taxes | 9903 | €40,216 | €8,390 | -€31,826 | -79.1% |
| Income taxes | 67/77 | €3,656 | €763 | -€2,893 | -79.1% |
| Profit (loss) for the period | 9904 | €36,560 | €7,627 | -€28,933 | -79.1% |
| Profit (loss) for the period to be appropriated | 9905 | €36,560 | €7,627 | -€28,933 | -79.1% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.