Deleco: 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.
Deleco
Largest movements
- Cash -€95,571
down €95,571 (-87.6%), from €109,130 to €13,559
mainly Current investments (-€65,000) and Other debts (-€28,879)
- Current investments +€65,000
up €65,000 (+32.5%), from €200,000 to €265,000
- Other debts -€28,879
down €28,879 (-86.6%), from €33,344 to €4,465
- Profit (loss) carried forward -€9,027
down €9,027 (-6.7%), from -€134,780 to -€143,807
- Gross operating margin -€6,812
down €6,812 (-5,001%), from -€136 to -€6,948
- Financial income -€5,188
down €5,188 (-51.2%), from €10,122 to €4,935
- Financial charges +€1,669
up €1,669 (+304%), from €549 to €2,218
- Depreciation +€675
up €675 (+28.2%), from €2,391 to €3,066
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 | €339,715 | €305,222 | -€34,492 | -10.2% |
| Fixed assets | 21/28 | €7,056 | €3,990 | -€3,066 | -43.5% |
| Tangible fixed assets | 22/27 | €7,056 | €3,990 | -€3,066 | -43.5% |
| Plant, machinery and equipment | 23 | €46 | - | -€46 | |
| Furniture and vehicles | 24 | €7,010 | €3,990 | -€3,020 | -43.1% |
| Current assets | 29/58 | €332,659 | €301,232 | -€31,426 | -9.4% |
| Amounts receivable within one year | 40/41 | €23,019 | €21,535 | -€1,484 | -6.4% |
| Trade receivables | 40 | €20,301 | €17,666 | -€2,635 | -13.0% |
| Other amounts receivable | 41 | €2,718 | €3,869 | +€1,151 | +42.4% |
| Current investments | 50/53 | €200,000 | €265,000 | +€65,000 | +32.5% |
| Cash at bank and in hand | 54/58 | €109,130 | €13,559 | -€95,571 | -87.6% |
| Deferred charges and accrued income | 490/1 | €510 | €1,138 | +€628 | +123% |
| Total equity and liabilities | 10/49 | €339,715 | €305,222 | -€34,492 | -10.2% |
| Equity | 10/15 | €304,410 | €295,383 | -€9,027 | -3.0% |
| Contributions | 10/11 | €264,460 | €264,460 | = | 0.0% |
| Reserves | 13 | €174,730 | €174,730 | = | 0.0% |
| Distributable reserves | 133 | €174,730 | €174,730 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€134,780 | -€143,807 | -€9,027 | -6.7% |
| Amounts payable | 17/49 | €35,305 | €9,839 | -€25,466 | -72.1% |
| Amounts payable within one year | 42/48 | €35,305 | €9,839 | -€25,466 | -72.1% |
| Trade debts | 44 | €1,898 | €2,747 | +€849 | +44.7% |
| Suppliers | 440/4 | €1,898 | €2,747 | +€849 | +44.7% |
| Taxes, remuneration and social security | 45 | €63 | €2,628 | +€2,565 | +4,056% |
| Taxes | 450/3 | €63 | €2,628 | +€2,565 | +4,056% |
| Other amounts payable | 47/48 | €33,344 | €4,465 | -€28,879 | -86.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,391 | €3,066 | +€675 | +28.2% |
| Other operating charges | 640/8 | €1,383 | €1,421 | +€38 | +2.7% |
| Gross operating margin | 9900 | -€136 | -€6,948 | -€6,812 | -5,001% |
| Operating profit (loss) | 9901 | -€3,911 | -€11,435 | -€7,524 | -192% |
| Financial income | 75/76B | €10,122 | €4,935 | -€5,188 | -51.2% |
| Recurring financial income | 75 | €10,122 | €4,935 | -€5,188 | -51.2% |
| Financial charges | 65/66B | €549 | €2,218 | +€1,669 | +304% |
| Recurring financial charges | 65 | €549 | €2,218 | +€1,669 | +304% |
| Profit (loss) for the period before taxes | 9903 | €5,663 | -€8,718 | -€14,381 | |
| Income taxes | 67/77 | €332 | €308 | -€24 | -7.2% |
| Profit (loss) for the period | 9904 | €5,330 | -€9,027 | -€14,357 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,330 | -€9,027 | -€14,357 |
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 13 October 2026 via checked.be.