DELGRACO: what changed
Two fiscal 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.
DELGRACO
Largest movements
- Cash +€98,694
up €98,694 (+251.8%), from €39,192 to €137,886
mainly Current investments (+€75,000) and Net result for the year (+€26,379)
- Current investments -€75,000
down €75,000 (-100.0%), from €75,000 to €0
- Receivables within one year -€14,483
down €14,483 (-72.4%), from €19,992 to €5,509
of which Trade receivables: -€17,135
- Tangible fixed assets +€3,632
up €3,632 (+4.4%), from €82,407 to €86,039
of which Other tangible fixed assets: +€27,516
- Other debts +€24,495
up €24,495 (+1089.4%), from €2,249 to €26,744
- Debts after one year -€21,953
down €21,953 (-39.0%), from €56,286 to €34,333
- Tax, wage and social debts +€5,101
up €5,101 (+61.1%), from €8,355 to €13,456
of which Taxes: +€5,101
- Trade debts +€4,051
up €4,051 (+47.5%), from €8,527 to €12,579
- Gross operating margin -€3,340
down €3,340 (-4.9%), from €68,847 to €65,507
- Depreciation +€1,732
up €1,732 (+7.3%), from €23,883 to €25,616
- Taxes -€1,630
down €1,630 (-14.3%), from €11,373 to €9,744
- Financial charges -€967
down €967 (-27.9%), from €3,462 to €2,495
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 | €218,584 | €231,499 | +€12,914 | +5.9% |
| Fixed assets | 21/28 | €82,407 | €86,039 | +€3,632 | +4.4% |
| Tangible fixed assets | 22/27 | €82,407 | €86,039 | +€3,632 | +4.4% |
| Furniture and vehicles | 24 | €82,407 | €58,524 | -€23,883 | -29.0% |
| Other tangible fixed assets | 26 | - | €27,516 | +€27,516 | |
| Current assets | 29/58 | €136,177 | €145,459 | +€9,282 | +6.8% |
| Amounts receivable within one year | 40/41 | €19,992 | €5,509 | -€14,483 | -72.4% |
| Trade receivables | 40 | €18,635 | €1,500 | -€17,135 | -92.0% |
| Other amounts receivable | 41 | €1,357 | €4,009 | +€2,651 | +195.3% |
| Current investments | 50/53 | €75,000 | €0 | -€75,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €39,192 | €137,886 | +€98,694 | +251.8% |
| Deferred charges and accrued income | 490/1 | €1,993 | €2,065 | +€72 | +3.6% |
| Total equity and liabilities | 10/49 | €218,584 | €231,499 | +€12,914 | +5.9% |
| Equity | 10/15 | €116,829 | €116,829 | = | 0.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €106,829 | €106,829 | = | 0.0% |
| Amounts payable | 17/49 | €101,756 | €114,670 | +€12,914 | +12.7% |
| Amounts payable after more than one year | 17 | €56,286 | €34,333 | -€21,953 | -39.0% |
| Financial debts | 170/4 | €56,286 | €34,333 | -€21,953 | -39.0% |
| Amounts payable within one year | 42/48 | €42,101 | €76,527 | +€34,426 | +81.8% |
| Current portion of amounts payable after more than one year | 42 | €22,970 | €23,749 | +€779 | +3.4% |
| Trade debts | 44 | €8,527 | €12,579 | +€4,051 | +47.5% |
| Suppliers | 440/4 | €8,527 | €12,579 | +€4,051 | +47.5% |
| Taxes, remuneration and social security | 45 | €8,355 | €13,456 | +€5,101 | +61.1% |
| Taxes | 450/3 | €8,355 | €13,456 | +€5,101 | +61.1% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €2,249 | €26,744 | +€24,495 | +1089.4% |
| Accrued charges and deferred income | 492/3 | €3,369 | €3,810 | +€441 | +13.1% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,883 | €25,616 | +€1,732 | +7.3% |
| Other operating charges | 640/8 | €1,726 | €1,685 | -€41 | -2.4% |
| Gross operating margin | 9900 | €68,847 | €65,507 | -€3,340 | -4.9% |
| Operating profit (loss) | 9901 | €43,238 | €38,206 | -€5,031 | -11.6% |
| Financial income | 75/76B | €769 | €412 | -€357 | -46.4% |
| Recurring financial income | 75 | €769 | €412 | -€357 | -46.4% |
| Financial charges | 65/66B | €3,462 | €2,495 | -€967 | -27.9% |
| Recurring financial charges | 65 | €3,462 | €2,495 | -€967 | -27.9% |
| Profit (loss) for the period before taxes | 9903 | €40,544 | €36,123 | -€4,421 | -10.9% |
| Income taxes | 67/77 | €11,373 | €9,744 | -€1,630 | -14.3% |
| Profit (loss) for the period | 9904 | €29,170 | €26,379 | -€2,791 | -9.6% |
| Profit (loss) for the period to be appropriated | 9905 | €29,170 | €26,379 | -€2,791 | -9.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.