DELEC SECURITY: 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.
DELEC SECURITY
Largest movements
- Cash +€2,578
up €2,578 (+7.6%), from €33,990 to €36,568
mainly Trade debts (+€4,112) and Depreciation (+€2,698)
- Receivables within one year -€980
down €980 (-3.3%), from €29,395 to €28,415
of which Trade receivables: -€4,977
- Deferred charges and accrued income +€902
up €902 (+104.3%), from €866 to €1,768
- Trade debts +€4,112
up €4,112 (+169.7%), from €2,423 to €6,535
- Short-term financial debts -€2,562
no longer reported in 2025 (was €2,562)
- Reserves +€1,510
up €1,510 (+4.9%), from €30,662 to €32,173
- Gross operating margin -€17,578
down €17,578 (-73.7%), from €23,863 to €6,285
- Taxes -€5,167
down €5,167 (-88.5%), from €5,838 to €671
- Depreciation -€4,903
down €4,903 (-64.5%), from €7,602 to €2,698
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 | €70,081 | €72,832 | +€2,751 | +3.9% |
| Fixed assets | 21/28 | €1,906 | €1,716 | -€190 | -10.0% |
| Tangible fixed assets | 22/27 | €1,756 | €1,566 | -€190 | -10.8% |
| Plant, machinery and equipment | 23 | €229 | €130 | -€99 | -43.2% |
| Furniture and vehicles | 24 | €1,527 | €1,436 | -€92 | -6.0% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €68,175 | €71,116 | +€2,941 | +4.3% |
| Stocks and contracts in progress | 3 | €3,924 | €4,365 | +€441 | +11.2% |
| Stocks | 30/36 | €3,924 | €4,365 | +€441 | +11.2% |
| Amounts receivable within one year | 40/41 | €29,395 | €28,415 | -€980 | -3.3% |
| Trade receivables | 40 | €27,012 | €22,035 | -€4,977 | -18.4% |
| Other amounts receivable | 41 | €2,383 | €6,380 | +€3,997 | +167.7% |
| Cash at bank and in hand | 54/58 | €33,990 | €36,568 | +€2,578 | +7.6% |
| Deferred charges and accrued income | 490/1 | €866 | €1,768 | +€902 | +104.3% |
| Total equity and liabilities | 10/49 | €70,081 | €72,832 | +€2,751 | +3.9% |
| Equity | 10/15 | €40,662 | €42,173 | +€1,510 | +3.7% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €30,662 | €32,173 | +€1,510 | +4.9% |
| Distributable reserves | 133 | €30,662 | €32,173 | +€1,510 | +4.9% |
| Amounts payable | 17/49 | €29,418 | €30,659 | +€1,241 | +4.2% |
| Amounts payable within one year | 42/48 | €29,319 | €30,598 | +€1,278 | +4.4% |
| Financial debts | 43 | €2,562 | - | -€2,562 | |
| Credit institutions | 430/8 | €2,562 | - | -€2,562 | |
| Trade debts | 44 | €2,423 | €6,535 | +€4,112 | +169.7% |
| Suppliers | 440/4 | €2,423 | €6,535 | +€4,112 | +169.7% |
| Taxes, remuneration and social security | 45 | €3,191 | €3,126 | -€65 | -2.0% |
| Taxes | 450/3 | €3,191 | €3,126 | -€65 | -2.0% |
| Other amounts payable | 47/48 | €21,143 | €20,936 | -€207 | -1.0% |
| Accrued charges and deferred income | 492/3 | €99 | €61 | -€38 | -37.9% |
| Non-recurring operating income | 76A | - | €413 | +€413 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,602 | €2,698 | -€4,903 | -64.5% |
| Other operating charges | 640/8 | €1,237 | €1,123 | -€114 | -9.2% |
| Gross operating margin | 9900 | €23,863 | €6,285 | -€17,578 | -73.7% |
| Operating profit (loss) | 9901 | €15,024 | €2,463 | -€12,560 | -83.6% |
| Financial income | 75/76B | €53 | €37 | -€16 | -29.7% |
| Recurring financial income | 75 | €53 | €37 | -€16 | -29.7% |
| Financial charges | 65/66B | €184 | €319 | +€135 | +73.3% |
| Recurring financial charges | 65 | €184 | €319 | +€135 | +73.3% |
| Profit (loss) for the period before taxes | 9903 | €14,892 | €2,181 | -€12,711 | -85.4% |
| Income taxes | 67/77 | €5,838 | €671 | -€5,167 | -88.5% |
| Profit (loss) for the period | 9904 | €9,054 | €1,510 | -€7,544 | -83.3% |
| Profit (loss) for the period to be appropriated | 9905 | €9,054 | €1,510 | -€7,544 | -83.3% |
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 10 October 2026 via checked.be.