DELGELEC: 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.
DELGELEC
Largest movements
- Cash +€13,031
up €13,031 (+156%), from €8,366 to €21,397
mainly Net result for the year (+€14,539) and Depreciation (+€8,594)
- Tangible fixed assets -€8,594
down €8,594 (-9.1%), from €94,202 to €85,608
of which Furniture and vehicles: -€5,326
- Stocks and contracts +€8,183
up €8,183 (+473%), from €1,730 to €9,913
- Receivables within one year -€6,707
down €6,707 (-41.1%), from €16,321 to €9,614
of which Trade receivables: -€6,232
- Deferred charges and accrued income -€1,812
down €1,812 (-42.6%), from €4,257 to €2,445
- Profit (loss) carried forward +€14,539
up €14,539 (+2.0%), from -€718,284 to -€703,745
- Other debts -€9,305
down €9,305 (-31.3%), from €29,750 to €20,445
- Trade debts -€6,906
down €6,906 (-73.7%), from €9,371 to €2,465
- Tax, wage and social debts +€5,780
up €5,780 (+41.4%), from €13,956 to €19,736
- Depreciation -€20,164
down €20,164 (-70.1%), from €28,758 to €8,594
- Gross operating margin +€17,656
up €17,656 (+24.4%), from €72,328 to €89,984
- Staff costs +€1,974
up €1,974 (+3.7%), from €53,972 to €55,946
- Other operating charges +€1,133
up €1,133 (+13.0%), from €8,729 to €9,862
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 | €124,980 | €129,081 | +€4,101 | +3.3% |
| Fixed assets | 21/28 | €94,306 | €85,712 | -€8,594 | -9.1% |
| Tangible fixed assets | 22/27 | €94,202 | €85,608 | -€8,594 | -9.1% |
| Land and buildings | 22 | €87,158 | €83,891 | -€3,268 | -3.7% |
| Furniture and vehicles | 24 | €7,044 | €1,718 | -€5,326 | -75.6% |
| Financial fixed assets | 28 | €104 | €104 | = | 0.0% |
| Current assets | 29/58 | €30,674 | €43,369 | +€12,695 | +41.4% |
| Stocks and contracts in progress | 3 | €1,730 | €9,913 | +€8,183 | +473% |
| Stocks | 30/36 | €1,730 | €9,913 | +€8,183 | +473% |
| Amounts receivable within one year | 40/41 | €16,321 | €9,614 | -€6,707 | -41.1% |
| Trade receivables | 40 | €15,091 | €8,859 | -€6,232 | -41.3% |
| Other amounts receivable | 41 | €1,231 | €756 | -€475 | -38.6% |
| Cash at bank and in hand | 54/58 | €8,366 | €21,397 | +€13,031 | +156% |
| Deferred charges and accrued income | 490/1 | €4,257 | €2,445 | -€1,812 | -42.6% |
| Total equity and liabilities | 10/49 | €124,980 | €129,081 | +€4,101 | +3.3% |
| Equity | 10/15 | €71,716 | €86,255 | +€14,539 | +20.3% |
| Contributions | 10/11 | €790,000 | €790,000 | = | 0.0% |
| Capital | 10 | €790,000 | €790,000 | = | 0.0% |
| Issued capital | 100 | €790,000 | €790,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€718,284 | -€703,745 | +€14,539 | +2.0% |
| Amounts payable | 17/49 | €53,265 | €42,826 | -€10,438 | -19.6% |
| Amounts payable within one year | 42/48 | €53,077 | €42,646 | -€10,431 | -19.7% |
| Trade debts | 44 | €9,371 | €2,465 | -€6,906 | -73.7% |
| Suppliers | 440/4 | €9,371 | €2,465 | -€6,906 | -73.7% |
| Taxes, remuneration and social security | 45 | €13,956 | €19,736 | +€5,780 | +41.4% |
| Remuneration and social security | 454/9 | €13,956 | €19,736 | +€5,780 | +41.4% |
| Other amounts payable | 47/48 | €29,750 | €20,445 | -€9,305 | -31.3% |
| Accrued charges and deferred income | 492/3 | €188 | €180 | -€8 | -4.1% |
| Remuneration, social security and pensions | 62 | €53,972 | €55,946 | +€1,974 | +3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,758 | €8,594 | -€20,164 | -70.1% |
| Other operating charges | 640/8 | €8,729 | €9,862 | +€1,133 | +13.0% |
| Gross operating margin | 9900 | €72,328 | €89,984 | +€17,656 | +24.4% |
| Operating profit (loss) | 9901 | -€19,131 | €15,582 | +€34,714 | |
| Financial income | 75/76B | €0 | €1 | +€0 | +107% |
| Recurring financial income | 75 | €0 | €1 | +€0 | +107% |
| Financial charges | 65/66B | €244 | €1,044 | +€800 | +328% |
| Recurring financial charges | 65 | €34 | €36 | +€2 | +5.7% |
| Non-recurring financial charges | 66B | €210 | €1,008 | +€798 | +380% |
| Profit (loss) for the period before taxes | 9903 | -€19,375 | €14,539 | +€33,914 | |
| Profit (loss) for the period | 9904 | -€19,375 | €14,539 | +€33,914 | |
| Profit (loss) for the period to be appropriated | 9905 | -€19,375 | €14,539 | +€33,914 |
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 19 October 2026 via checked.be.