Deliconstruct: 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.
What changed
Deliconstruct
NACE 25.530, Machining of metals
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€78,983
2024 · €68,058+€10,925
Equity
€1.1m
2024 · €1.0m+€78,983
Cash
€34,070
2024 · €14,651+€19,419
Balance sheet total
€3.5m
2024 · €3.7m-€190,721
Largest movements
Assets
- Receivables within one year -€855,152
down €855,152 (-32.4%), from €2.6m to €1.8m
of which Trade receivables: -€866,949
- Stocks and contracts +€233,479
up €233,479 (+58.5%), from €399,038 to €632,517
- Intangible fixed assets +€215,000
new in 2025: €215,000
- Tangible fixed assets +€196,883
up €196,883 (+102.9%), from €191,366 to €388,249
of which Other tangible fixed assets: +€239,204
Equity and liabilities
- Trade debts -€134,614
down €134,614 (-9.9%), from €1.4m to €1.2m
- Reserves +€78,983
up €78,983 (+8.0%), from €983,194 to €1.1m
- Short-term financial debts -€44,488
down €44,488 (-7.9%), from €565,197 to €520,709
Income statement
- Financial charges -€17,337
down €17,337 (-22.5%), from €77,105 to €59,768
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.
Result 2024
€68,058
Gross operating margin
-€13,100
Staff costs
+€6,384
Depreciation
-€5,814
Other operating charges
-€4,300
Financial income
-€1,380
Financial charges
+€17,337
Taxes
+€11,797
Result 2025
€78,983
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.
From operations
+€627,563
Investment
-€493,661
Financing
-€114,483
Cash 2024
€14,651
From operations (derived)
+€627,563
Net result for the year
+€78,983
Depreciation
+€81,778
Stocks and contracts
-€233,479
Receivables within one year
+€855,152
Deferred charges and accrued income
+€351
Trade debts
-€134,614
Tax, wage and social debts
-€23,888
Other debts
+€3,280
Investment (derived)
-€493,661
Investment in fixed assets (net)
-€493,661
Financing
-€114,483
Debts after one year
-€34,253
Current portion of long-term debt
-€35,743
Short-term financial debts
-€44,488
Cash 2025
€34,070
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,726,233 | €3,535,511 | -€190,721 | -5.1% |
| Fixed assets | 21/28 | €668,867 | €1,080,750 | +€411,883 | +61.6% |
| Intangible fixed assets | 21 | - | €215,000 | +€215,000 | |
| Tangible fixed assets | 22/27 | €191,366 | €388,249 | +€196,883 | +102.9% |
| Plant, machinery and equipment | 23 | €24,659 | €19,248 | -€5,411 | -21.9% |
| Leasing and similar rights | 25 | €36,909 | - | -€36,909 | |
| Other tangible fixed assets | 26 | €129,798 | €369,001 | +€239,204 | +184.3% |
| Financial fixed assets | 28 | €477,501 | €477,501 | = | 0.0% |
| Current assets | 29/58 | €3,057,365 | €2,454,761 | -€602,604 | -19.7% |
| Stocks and contracts in progress | 3 | €399,038 | €632,517 | +€233,479 | +58.5% |
| Stocks | 30/36 | €399,038 | €632,517 | +€233,479 | +58.5% |
| Amounts receivable within one year | 40/41 | €2,642,071 | €1,786,919 | -€855,152 | -32.4% |
| Trade receivables | 40 | €2,633,479 | €1,766,530 | -€866,949 | -32.9% |
| Other amounts receivable | 41 | €8,592 | €20,389 | +€11,797 | +137.3% |
| Cash at bank and in hand | 54/58 | €14,651 | €34,070 | +€19,419 | +132.5% |
| Deferred charges and accrued income | 490/1 | €1,606 | €1,255 | -€351 | -21.8% |
| Total equity and liabilities | 10/49 | €3,726,233 | €3,535,511 | -€190,721 | -5.1% |
| Equity | 10/15 | €1,001,786 | €1,080,769 | +€78,983 | +7.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €983,194 | €1,062,177 | +€78,983 | +8.0% |
| Distributable reserves | 133 | €983,194 | €1,062,177 | +€78,983 | +8.0% |
| Amounts payable | 17/49 | €2,724,447 | €2,454,742 | -€269,704 | -9.9% |
| Amounts payable after more than one year | 17 | €223,479 | €189,226 | -€34,253 | -15.3% |
| Financial debts | 170/4 | €223,479 | €189,226 | -€34,253 | -15.3% |
| Amounts payable within one year | 42/48 | €2,500,968 | €2,265,516 | -€235,452 | -9.4% |
| Current portion of amounts payable after more than one year | 42 | €90,721 | €54,979 | -€35,743 | -39.4% |
| Financial debts | 43 | €565,197 | €520,709 | -€44,488 | -7.9% |
| Credit institutions | 430/8 | €565,197 | €520,709 | -€44,488 | -7.9% |
| Trade debts | 44 | €1,363,378 | €1,228,764 | -€134,614 | -9.9% |
| Suppliers | 440/4 | €1,363,378 | €1,228,764 | -€134,614 | -9.9% |
| Taxes, remuneration and social security | 45 | €425,269 | €401,381 | -€23,888 | -5.6% |
| Taxes | 450/3 | €262,170 | €243,010 | -€19,159 | -7.3% |
| Remuneration and social security | 454/9 | €163,099 | €158,371 | -€4,728 | -2.9% |
| Other amounts payable | 47/48 | €56,403 | €59,683 | +€3,280 | +5.8% |
| Remuneration, social security and pensions | 62 | €1,128,045 | €1,121,661 | -€6,384 | -0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75,964 | €81,778 | +€5,814 | +7.7% |
| Other operating charges | 640/8 | €2,487 | €6,787 | +€4,300 | +172.9% |
| Gross operating margin | 9900 | €1,376,310 | €1,363,210 | -€13,100 | -1.0% |
| Operating profit (loss) | 9901 | €169,813 | €152,984 | -€16,829 | -9.9% |
| Financial income | 75/76B | €1,758 | €378 | -€1,380 | -78.5% |
| Recurring financial income | 75 | €1,758 | €378 | -€1,380 | -78.5% |
| Financial charges | 65/66B | €77,105 | €59,768 | -€17,337 | -22.5% |
| Recurring financial charges | 65 | €77,105 | €59,768 | -€17,337 | -22.5% |
| Profit (loss) for the period before taxes | 9903 | €94,466 | €93,594 | -€872 | -0.9% |
| Income taxes | 67/77 | €26,408 | €14,611 | -€11,797 | -44.7% |
| Profit (loss) for the period | 9904 | €68,058 | €78,983 | +€10,925 | +16.1% |
| Profit (loss) for the period to be appropriated | 9905 | €68,058 | €78,983 | +€10,925 | +16.1% |
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 9 October 2026 via checked.be.