DELEK SYSTEMS: 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.
DELEK SYSTEMS
Largest movements
- Receivables after one year +€8,875
up €8,875 (+15.3%), from €57,937 to €66,813
- Tangible fixed assets +€6,822
up €6,822 (+22.5%), from €30,264 to €37,085
of which Furniture and vehicles: +€14,577
- Receivables within one year +€5,008
up €5,008 (+4.8%), from €105,140 to €110,148
of which Trade receivables: +€6,737
- Deferred charges and accrued income -€2,920
down €2,920 (-100.0%), from €2,920 to €0
- Reserves +€21,933
up €21,933 (+17.8%), from €123,033 to €144,967
of which Distributable reserves: +€21,933
- Debts after one year -€9,417
down €9,417 (-70.4%), from €13,382 to €3,965
- Tax, wage and social debts +€8,698
up €8,698 (+101.3%), from €8,587 to €17,284
of which Taxes: +€8,698
- Trade debts -€2,887
down €2,887 (-94.6%), from €3,051 to €163
- Gross operating margin +€16,251
up €16,251 (+68.8%), from €23,626 to €39,877
- Financial income +€12,738
up €12,738 (+92778.1%), from €14 to €12,752
- Taxes +€10,836
up €10,836 (+362.3%), from €2,991 to €13,827
- Depreciation +€1,878
up €1,878 (+18.3%), from €10,234 to €12,112
- Financial charges -€1,069
down €1,069 (-24.1%), from €4,430 to €3,361
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 | €215,477 | €234,315 | +€18,838 | +8.7% |
| Fixed assets | 21/28 | €39,539 | €46,360 | +€6,822 | +17.3% |
| Tangible fixed assets | 22/27 | €30,264 | €37,085 | +€6,822 | +22.5% |
| Plant, machinery and equipment | 23 | €2,333 | €3,966 | +€1,632 | +70.0% |
| Furniture and vehicles | 24 | €1,561 | €16,138 | +€14,577 | +933.7% |
| Leasing and similar rights | 25 | €22,263 | €13,060 | -€9,203 | -41.3% |
| Other tangible fixed assets | 26 | €4,106 | €3,922 | -€185 | -4.5% |
| Financial fixed assets | 28 | €9,275 | €9,275 | = | 0.0% |
| Current assets | 29/58 | €175,938 | €187,954 | +€12,016 | +6.8% |
| Amounts receivable after more than one year | 29 | €57,937 | €66,813 | +€8,875 | +15.3% |
| Trade receivables | 290 | €57,937 | €66,813 | +€8,875 | +15.3% |
| Amounts receivable within one year | 40/41 | €105,140 | €110,148 | +€5,008 | +4.8% |
| Trade receivables | 40 | €103,131 | €109,868 | +€6,737 | +6.5% |
| Other amounts receivable | 41 | €2,009 | €280 | -€1,729 | -86.0% |
| Cash at bank and in hand | 54/58 | €9,941 | €10,993 | +€1,052 | +10.6% |
| Deferred charges and accrued income | 490/1 | €2,920 | €0 | -€2,920 | -100.0% |
| Total equity and liabilities | 10/49 | €215,477 | €234,315 | +€18,838 | +8.7% |
| Equity | 10/15 | €141,583 | €163,517 | +€21,933 | +15.5% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €123,033 | €144,967 | +€21,933 | +17.8% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €123,033 | €144,967 | +€21,933 | +17.8% |
| Amounts payable | 17/49 | €73,893 | €70,798 | -€3,095 | -4.2% |
| Amounts payable after more than one year | 17 | €13,382 | €3,965 | -€9,417 | -70.4% |
| Financial debts | 170/4 | €13,382 | €3,965 | -€9,417 | -70.4% |
| Amounts payable within one year | 42/48 | €60,511 | €66,833 | +€6,322 | +10.4% |
| Current portion of amounts payable after more than one year | 42 | €9,280 | €9,417 | +€137 | +1.5% |
| Trade debts | 44 | €3,051 | €163 | -€2,887 | -94.6% |
| Suppliers | 440/4 | €3,051 | €163 | -€2,887 | -94.6% |
| Taxes, remuneration and social security | 45 | €8,587 | €17,284 | +€8,698 | +101.3% |
| Taxes | 450/3 | €8,587 | €17,284 | +€8,698 | +101.3% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €39,594 | €39,968 | +€374 | +0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,234 | €12,112 | +€1,878 | +18.3% |
| Other operating charges | 640/8 | €1,353 | €1,395 | +€42 | +3.1% |
| Gross operating margin | 9900 | €23,626 | €39,877 | +€16,251 | +68.8% |
| Operating profit (loss) | 9901 | €12,039 | €26,370 | +€14,331 | +119.0% |
| Financial income | 75/76B | €14 | €12,752 | +€12,738 | +92778.1% |
| Recurring financial income | 75 | €14 | €12,752 | +€12,738 | +92778.1% |
| Financial charges | 65/66B | €4,430 | €3,361 | -€1,069 | -24.1% |
| Recurring financial charges | 65 | €4,430 | €3,361 | -€1,069 | -24.1% |
| Profit (loss) for the period before taxes | 9903 | €7,622 | €35,760 | +€28,138 | +369.2% |
| Income taxes | 67/77 | €2,991 | €13,827 | +€10,836 | +362.3% |
| Profit (loss) for the period | 9904 | €4,631 | €21,933 | +€17,302 | +373.6% |
| Profit (loss) for the period to be appropriated | 9905 | €4,631 | €21,933 | +€17,302 | +373.6% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.