DELECSOL: 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.
DELECSOL
Largest movements
- Cash -€108,502
down €108,502 (-61.0%), from €177,981 to €69,478
mainly Receivables within one year (-€74,231) and Contributions, distributions and other (-€49,879)
- Receivables within one year +€74,231
up €74,231 (+117%), from €63,700 to €137,931
of which Trade receivables: +€60,754
- Stocks and contracts +€43,230
new in 2025: €43,230
of which Contracts in progress: +€33,230
- Tangible fixed assets -€42,012
down €42,012 (-13.0%), from €323,235 to €281,223
of which Furniture and vehicles: -€29,560
- Reserves -€49,879
down €49,879 (-23.1%), from €216,281 to €166,402
- Profit (loss) carried forward +€36,097
up €36,097 (+295%), from €12,246 to €48,343
- Debts after one year -€35,383
down €35,383 (-14.5%), from €244,502 to €209,119
- Trade debts +€22,378
up €22,378 (+253%), from €8,860 to €31,238
- Gross operating margin +€51,517
up €51,517 (+22.8%), from €225,642 to €277,159
- Staff costs +€29,474
up €29,474 (+19.2%), from €153,164 to €182,638
- Taxes +€4,823
up €4,823 (+68.4%), from €7,055 to €11,878
- Financial charges -€4,760
down €4,760 (-50.0%), from €9,519 to €4,759
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 | €565,888 | €532,609 | -€33,280 | -5.9% |
| Fixed assets | 21/28 | €323,235 | €281,223 | -€42,012 | -13.0% |
| Tangible fixed assets | 22/27 | €323,235 | €281,223 | -€42,012 | -13.0% |
| Land and buildings | 22 | €248,663 | €236,315 | -€12,348 | -5.0% |
| Plant, machinery and equipment | 23 | €323 | €219 | -€104 | -32.3% |
| Furniture and vehicles | 24 | €74,249 | €44,689 | -€29,560 | -39.8% |
| Current assets | 29/58 | €242,653 | €251,385 | +€8,732 | +3.6% |
| Stocks and contracts in progress | 3 | - | €43,230 | +€43,230 | |
| Stocks | 30/36 | - | €10,000 | +€10,000 | |
| Contracts in progress | 37 | - | €33,230 | +€33,230 | |
| Amounts receivable within one year | 40/41 | €63,700 | €137,931 | +€74,231 | +117% |
| Trade receivables | 40 | €55,969 | €116,724 | +€60,754 | +109% |
| Other amounts receivable | 41 | €7,731 | €21,208 | +€13,477 | +174% |
| Cash at bank and in hand | 54/58 | €177,981 | €69,478 | -€108,502 | -61.0% |
| Deferred charges and accrued income | 490/1 | €972 | €746 | -€227 | -23.3% |
| Total equity and liabilities | 10/49 | €565,888 | €532,609 | -€33,280 | -5.9% |
| Equity | 10/15 | €247,077 | €233,295 | -€13,782 | -5.6% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €216,281 | €166,402 | -€49,879 | -23.1% |
| Distributable reserves | 133 | €216,281 | €166,402 | -€49,879 | -23.1% |
| Profit (loss) carried forward | 14 | €12,246 | €48,343 | +€36,097 | +295% |
| Amounts payable | 17/49 | €318,811 | €299,314 | -€19,497 | -6.1% |
| Amounts payable after more than one year | 17 | €244,502 | €209,119 | -€35,383 | -14.5% |
| Financial debts | 170/4 | €244,502 | €209,119 | -€35,383 | -14.5% |
| Amounts payable within one year | 42/48 | €74,309 | €90,195 | +€15,886 | +21.4% |
| Current portion of amounts payable after more than one year | 42 | €38,338 | €35,383 | -€2,955 | -7.7% |
| Trade debts | 44 | €8,860 | €31,238 | +€22,378 | +253% |
| Suppliers | 440/4 | €8,860 | €31,238 | +€22,378 | +253% |
| Taxes, remuneration and social security | 45 | €23,909 | €23,574 | -€335 | -1.4% |
| Taxes | 450/3 | €6,176 | €11,878 | +€5,702 | +92.3% |
| Remuneration and social security | 454/9 | €17,733 | €11,696 | -€6,037 | -34.0% |
| Other amounts payable | 47/48 | €3,201 | - | -€3,201 | |
| Remuneration, social security and pensions | 62 | €153,164 | €182,638 | +€29,474 | +19.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,732 | €42,012 | -€1,720 | -3.9% |
| Other operating charges | 640/8 | €4,014 | €3,215 | -€799 | -19.9% |
| Gross operating margin | 9900 | €225,642 | €277,159 | +€51,517 | +22.8% |
| Operating profit (loss) | 9901 | €24,732 | €49,294 | +€24,562 | +99.3% |
| Financial income | 75/76B | €4,087 | €3,439 | -€648 | -15.9% |
| Recurring financial income | 75 | €4,087 | €3,439 | -€648 | -15.9% |
| Financial charges | 65/66B | €9,519 | €4,759 | -€4,760 | -50.0% |
| Recurring financial charges | 65 | €9,519 | €4,759 | -€4,760 | -50.0% |
| Profit (loss) for the period before taxes | 9903 | €19,301 | €47,975 | +€28,674 | +149% |
| Income taxes | 67/77 | €7,055 | €11,878 | +€4,823 | +68.4% |
| Profit (loss) for the period | 9904 | €12,246 | €36,097 | +€23,850 | +195% |
| Profit (loss) for the period to be appropriated | 9905 | €12,246 | €36,097 | +€23,850 | +195% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.