DELICHAM: 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.
DELICHAM
Largest movements
- Cash +€259,537
up €259,537 (+130%), from €199,359 to €458,896
mainly Current investments (+€250,000) and Net result for the year (+€103,014)
- Current investments -€250,000
no longer reported in 2025 (was €250,000)
- Tangible fixed assets +€45,587
up €45,587 (+8,335%), from €547 to €46,134
of which Furniture and vehicles: +€45,822
- Stocks and contracts -€24,715
down €24,715 (-27.8%), from €88,882 to €64,167
- Reserves +€32,160
up €32,160 (+7.2%), from €448,903 to €481,063
of which Distributable reserves: +€32,160
- Taxes +€5,633
up €5,633 (+12.9%), from €43,508 to €49,141
- Financial income +€4,523
up €4,523 (+163%), from €2,779 to €7,301
- Other operating charges +€1,619
up €1,619 (+27.3%), from €5,934 to €7,553
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 | €659,729 | €687,872 | +€28,144 | +4.3% |
| Fixed assets | 21/28 | €3,547 | €49,134 | +€45,587 | +1,285% |
| Tangible fixed assets | 22/27 | €547 | €46,134 | +€45,587 | +8,335% |
| Plant, machinery and equipment | 23 | €547 | €313 | -€234 | -42.8% |
| Furniture and vehicles | 24 | - | €45,822 | +€45,822 | |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €656,182 | €638,738 | -€17,444 | -2.7% |
| Stocks and contracts in progress | 3 | €88,882 | €64,167 | -€24,715 | -27.8% |
| Stocks | 30/36 | €88,882 | €64,167 | -€24,715 | -27.8% |
| Amounts receivable within one year | 40/41 | €117,940 | €115,675 | -€2,266 | -1.9% |
| Trade receivables | 40 | €107,634 | €115,675 | +€8,040 | +7.5% |
| Other amounts receivable | 41 | €10,306 | - | -€10,306 | |
| Current investments | 50/53 | €250,000 | - | -€250,000 | |
| Cash at bank and in hand | 54/58 | €199,359 | €458,896 | +€259,537 | +130% |
| Total equity and liabilities | 10/49 | €659,729 | €687,872 | +€28,144 | +4.3% |
| Equity | 10/15 | €487,903 | €520,063 | +€32,160 | +6.6% |
| Contributions | 10/11 | €39,000 | €39,000 | = | 0.0% |
| Reserves | 13 | €448,903 | €481,063 | +€32,160 | +7.2% |
| Tax-exempt reserves | 132 | €11,744 | €11,744 | = | 0.0% |
| Distributable reserves | 133 | €437,159 | €469,319 | +€32,160 | +7.4% |
| Amounts payable | 17/49 | €171,826 | €167,809 | -€4,017 | -2.3% |
| Amounts payable within one year | 42/48 | €168,254 | €167,421 | -€833 | -0.5% |
| Trade debts | 44 | €89,680 | €95,450 | +€5,770 | +6.4% |
| Suppliers | 440/4 | €89,680 | €95,450 | +€5,770 | +6.4% |
| Advances received on contracts in progress | 46 | €4,800 | €115 | -€4,685 | -97.6% |
| Taxes, remuneration and social security | 45 | €65,478 | €64,756 | -€722 | -1.1% |
| Taxes | 450/3 | €65,478 | €64,756 | -€722 | -1.1% |
| Other amounts payable | 47/48 | €8,296 | €7,100 | -€1,196 | -14.4% |
| Accrued charges and deferred income | 492/3 | €3,572 | €388 | -€3,184 | -89.1% |
| Non-recurring operating income | 76A | €250 | - | -€250 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €234 | €282 | +€48 | +20.5% |
| Other operating charges | 640/8 | €5,934 | €7,553 | +€1,619 | +27.3% |
| Gross operating margin | 9900 | €153,119 | €153,565 | +€446 | +0.3% |
| Operating profit (loss) | 9901 | €146,951 | €145,730 | -€1,221 | -0.8% |
| Financial income | 75/76B | €2,779 | €7,301 | +€4,523 | +163% |
| Recurring financial income | 75 | €2,779 | €7,301 | +€4,523 | +163% |
| Financial charges | 65/66B | €999 | €877 | -€122 | -12.2% |
| Recurring financial charges | 65 | €999 | €877 | -€122 | -12.2% |
| Profit (loss) for the period before taxes | 9903 | €148,731 | €152,154 | +€3,423 | +2.3% |
| Income taxes | 67/77 | €43,508 | €49,141 | +€5,633 | +12.9% |
| Profit (loss) for the period | 9904 | €105,223 | €103,014 | -€2,210 | -2.1% |
| Profit (loss) for the period to be appropriated | 9905 | €105,223 | €103,014 | -€2,210 | -2.1% |
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 18 October 2026 via checked.be.