DELICON: 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.
DELICON
Largest movements
- Tangible fixed assets +€532,593
up €532,593 (+83.5%), from €637,666 to €1.2m
of which Land and buildings: +€520,668
- Receivables within one year +€111,187
up €111,187 (+60.9%), from €182,547 to €293,734
of which Trade receivables: +€84,801
- Financial fixed assets +€20,400
up €20,400 (+141%), from €14,500 to €34,900
- Debts after one year +€435,764
up €435,764 (+127%), from €342,908 to €778,671
- Trade debts +€101,784
up €101,784 (+71.7%), from €141,967 to €243,751
- Reserves +€44,767
up €44,767 (+16.8%), from €267,072 to €311,839
- Short-term financial debts +€41,749
up €41,749 (+22.8%), from €183,244 to €224,993
- Tax, wage and social debts +€18,412
up €18,412 (+213%), from €8,659 to €27,071
of which Remuneration and social security: +€14,663
- Gross operating margin +€320,618
up €320,618 (+81.0%), from €395,890 to €716,508
- Staff costs +€235,302
up €235,302 (+107%), from €220,897 to €456,199
- Depreciation +€93,742
up €93,742 (+144%), from €65,223 to €158,964
- Financial charges +€14,484
up €14,484 (+80.8%), from €17,932 to €32,416
- Taxes -€10,062
down €10,062 (-32.7%), from €30,728 to €20,666
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 | €993,252 | €1,651,564 | +€658,312 | +66.3% |
| Fixed assets | 21/28 | €652,166 | €1,205,160 | +€552,993 | +84.8% |
| Tangible fixed assets | 22/27 | €637,666 | €1,170,260 | +€532,593 | +83.5% |
| Land and buildings | 22 | €505,368 | €1,026,037 | +€520,668 | +103% |
| Plant, machinery and equipment | 23 | €42,671 | €69,138 | +€26,467 | +62.0% |
| Furniture and vehicles | 24 | €30,583 | €17,941 | -€12,642 | -41.3% |
| Other tangible fixed assets | 26 | €59,044 | €57,144 | -€1,900 | -3.2% |
| Financial fixed assets | 28 | €14,500 | €34,900 | +€20,400 | +141% |
| Current assets | 29/58 | €341,085 | €446,404 | +€105,319 | +30.9% |
| Stocks and contracts in progress | 3 | €126,340 | €133,820 | +€7,480 | +5.9% |
| Stocks | 30/36 | €126,340 | €133,820 | +€7,480 | +5.9% |
| Amounts receivable within one year | 40/41 | €182,547 | €293,734 | +€111,187 | +60.9% |
| Trade receivables | 40 | €162,430 | €247,231 | +€84,801 | +52.2% |
| Other amounts receivable | 41 | €20,117 | €46,503 | +€26,386 | +131% |
| Cash at bank and in hand | 54/58 | €26,494 | €10,264 | -€16,229 | -61.3% |
| Deferred charges and accrued income | 490/1 | €5,705 | €8,586 | +€2,882 | +50.5% |
| Total equity and liabilities | 10/49 | €993,252 | €1,651,564 | +€658,312 | +66.3% |
| Equity | 10/15 | €273,272 | €318,039 | +€44,767 | +16.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | - | -€6,200 | |
| Other | 1109/19 | €6,200 | - | -€6,200 | |
| Reserves | 13 | €267,072 | €311,839 | +€44,767 | +16.8% |
| Distributable reserves | 133 | €267,072 | €311,839 | +€44,767 | +16.8% |
| Amounts payable | 17/49 | €719,980 | €1,333,525 | +€613,545 | +85.2% |
| Amounts payable after more than one year | 17 | €342,908 | €778,671 | +€435,764 | +127% |
| Financial debts | 170/4 | €342,908 | €778,671 | +€435,764 | +127% |
| Amounts payable within one year | 42/48 | €377,073 | €554,854 | +€177,781 | +47.1% |
| Current portion of amounts payable after more than one year | 42 | €38,563 | €50,392 | +€11,829 | +30.7% |
| Financial debts | 43 | €183,244 | €224,993 | +€41,749 | +22.8% |
| Credit institutions | 430/8 | €183,244 | €224,993 | +€41,749 | +22.8% |
| Trade debts | 44 | €141,967 | €243,751 | +€101,784 | +71.7% |
| Suppliers | 440/4 | €141,967 | €243,751 | +€101,784 | +71.7% |
| Taxes, remuneration and social security | 45 | €8,659 | €27,071 | +€18,412 | +213% |
| Taxes | 450/3 | €728 | €4,477 | +€3,749 | +515% |
| Remuneration and social security | 454/9 | €7,931 | €22,594 | +€14,663 | +185% |
| Other amounts payable | 47/48 | €4,640 | €8,647 | +€4,007 | +86.4% |
| Remuneration, social security and pensions | 62 | €220,897 | €456,199 | +€235,302 | +107% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,223 | €158,964 | +€93,742 | +144% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €3,021 | +€3,021 | |
| Other operating charges | 640/8 | €6,488 | €11,566 | +€5,078 | +78.3% |
| Gross operating margin | 9900 | €395,890 | €716,508 | +€320,618 | +81.0% |
| Operating profit (loss) | 9901 | €103,283 | €86,758 | -€16,525 | -16.0% |
| Financial income | 75/76B | €2,351 | €11,092 | +€8,741 | +372% |
| Recurring financial income | 75 | €2,351 | €11,092 | +€8,741 | +372% |
| Financial charges | 65/66B | €17,932 | €32,416 | +€14,484 | +80.8% |
| Recurring financial charges | 65 | €17,932 | €32,416 | +€14,484 | +80.8% |
| Profit (loss) for the period before taxes | 9903 | €87,702 | €65,434 | -€22,268 | -25.4% |
| Income taxes | 67/77 | €30,728 | €20,666 | -€10,062 | -32.7% |
| Profit (loss) for the period | 9904 | €56,974 | €44,767 | -€12,207 | -21.4% |
| Profit (loss) for the period to be appropriated | 9905 | €56,974 | €44,767 | -€12,207 | -21.4% |
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 13 October 2026 via checked.be.