DELINCO: 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
DELINCO
NACE 01.110, Growing of cereals (except rice), leguminous crops and oil seeds
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€2.6m
2024 · €2.7m-€73,368
Equity
€20.6m
2024 · €18.0m+€2.6m
Cash
€3.1m
2024 · €3.1m+€49,773
Balance sheet total
€21.5m
2024 · €19.4m+€2.1m
Largest movements
Assets
- Receivables within one year +€2.8m
up €2.8m (+323%), from €860,416 to €3.6m
of which Other amounts receivable: +€1.8m
- Current investments -€1.0m
down €1.0m (-12.4%), from €8.3m to €7.3m
- Stocks and contracts +€454,480
up €454,480 (+49.5%), from €917,300 to €1.4m
Equity and liabilities
- Reserves +€2.6m
up €2.6m (+14.5%), from €18.0m to €20.6m
of which Distributable reserves: +€2.1m
- Debts after one year -€346,000
down €346,000 (-75.5%), from €458,000 to €112,000
Income statement
- Depreciation +€209,602
up €209,602 (+20.9%), from €1.0m to €1.2m
- Financial income +€140,185
up €140,185 (+84.5%), from €165,918 to €306,102
- Gross operating margin -€130,563
down €130,563 (-2.5%), from €5.2m to €5.1m
- Taxes -€130,337
down €130,337 (-10.7%), from €1.2m to €1.1m
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
€2.7m
Gross operating margin
-€130,563
Staff costs
-€23,588
Depreciation
-€209,602
Other operating charges
-€486
Financial income
+€140,185
Financial charges
+€4,498
Taxes
+€130,337
Deferred taxes and other
+€15,854
Result 2025
€2.6m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€427,456
Investment
-€31,683
Financing
-€346,000
Cash 2024
€3.1m
From operations (derived)
+€427,456
Net result for the year
+€2.6m
Depreciation
+€1.2m
Stocks and contracts
-€454,480
Receivables within one year
-€2.8m
Smaller working-capital items
-€16
Provisions
+€26,432
Trade debts
-€110,023
Tax, wage and social debts
-€63,372
Other debts
-€7,356
Investment (derived)
-€31,683
Investment in fixed assets (net)
-€1.1m
Current investments
+€1.0m
Financing
-€346,000
Debts after one year
-€346,000
Cash 2025
€3.1m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €19,395,134 | €21,494,636 | +€2.1m | +10.8% |
| Fixed assets | 21/28 | €6,194,440 | €6,048,569 | -€145,870 | -2.4% |
| Tangible fixed assets | 22/27 | €6,193,884 | €6,048,013 | -€145,870 | -2.4% |
| Land and buildings | 22 | €3,400,955 | €3,266,665 | -€134,290 | -3.9% |
| Plant, machinery and equipment | 23 | €1,491,063 | €1,170,002 | -€321,062 | -21.5% |
| Furniture and vehicles | 24 | €1,296,402 | €1,611,347 | +€314,945 | +24.3% |
| Other tangible fixed assets | 26 | €5,464 | - | -€5,464 | |
| Financial fixed assets | 28 | €556 | €556 | = | 0.0% |
| Current assets | 29/58 | €13,200,694 | €15,446,067 | +€2.2m | +17.0% |
| Stocks and contracts in progress | 3 | €917,300 | €1,371,780 | +€454,480 | +49.5% |
| Stocks | 30/36 | €917,300 | €1,371,780 | +€454,480 | +49.5% |
| Amounts receivable within one year | 40/41 | €860,416 | €3,638,236 | +€2.8m | +323% |
| Trade receivables | 40 | €790,197 | €1,801,600 | +€1.0m | +128% |
| Other amounts receivable | 41 | €70,219 | €1,836,636 | +€1.8m | +2,516% |
| Current investments | 50/53 | €8,338,352 | €7,301,614 | -€1.0m | -12.4% |
| Cash at bank and in hand | 54/58 | €3,083,628 | €3,133,400 | +€49,773 | +1.6% |
| Deferred charges and accrued income | 490/1 | €998 | €1,036 | +€38 | +3.8% |
| Total equity and liabilities | 10/49 | €19,395,134 | €21,494,636 | +€2.1m | +10.8% |
| Equity | 10/15 | €18,043,226 | €20,643,026 | +€2.6m | +14.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €17,979,357 | €20,579,157 | +€2.6m | +14.5% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €971,768 | €1,488,781 | +€517,013 | +53.2% |
| Distributable reserves | 133 | €17,001,390 | €19,084,176 | +€2.1m | +12.3% |
| Profit (loss) carried forward | 14 | €1,869 | €1,869 | +€0 | 0.0% |
| Provisions and deferred taxes | 16 | €393,181 | €419,613 | +€26,432 | +6.7% |
| Deferred taxes | 168 | €393,181 | €419,613 | +€26,432 | +6.7% |
| Amounts payable | 17/49 | €958,726 | €431,997 | -€526,729 | -54.9% |
| Amounts payable after more than one year | 17 | €458,000 | €112,000 | -€346,000 | -75.5% |
| Other amounts payable | 178/9 | €458,000 | €112,000 | -€346,000 | -75.5% |
| Amounts payable within one year | 42/48 | €498,575 | €317,824 | -€180,751 | -36.3% |
| Trade debts | 44 | €394,580 | €284,556 | -€110,023 | -27.9% |
| Suppliers | 440/4 | €394,580 | €284,556 | -€110,023 | -27.9% |
| Taxes, remuneration and social security | 45 | €89,411 | €26,039 | -€63,372 | -70.9% |
| Taxes | 450/3 | €78,439 | €12,521 | -€65,918 | -84.0% |
| Remuneration and social security | 454/9 | €10,972 | €13,518 | +€2,546 | +23.2% |
| Other amounts payable | 47/48 | €14,584 | €7,228 | -€7,356 | -50.4% |
| Accrued charges and deferred income | 492/3 | €2,152 | €2,173 | +€22 | +1.0% |
| Remuneration, social security and pensions | 62 | €364,845 | €388,434 | +€23,588 | +6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,004,689 | €1,214,291 | +€209,602 | +20.9% |
| Other operating charges | 640/8 | €45,851 | €46,337 | +€486 | +1.1% |
| Gross operating margin | 9900 | €5,232,718 | €5,102,154 | -€130,563 | -2.5% |
| Operating profit (loss) | 9901 | €3,817,333 | €3,453,092 | -€364,241 | -9.5% |
| Financial income | 75/76B | €165,918 | €306,102 | +€140,185 | +84.5% |
| Recurring financial income | 75 | €165,918 | €306,102 | +€140,185 | +84.5% |
| Financial charges | 65/66B | €53,882 | €49,384 | -€4,498 | -8.3% |
| Recurring financial charges | 65 | €53,882 | €49,384 | -€4,498 | -8.3% |
| Profit (loss) for the period before taxes | 9903 | €3,929,369 | €3,709,810 | -€219,558 | -5.6% |
| Transfer from deferred taxes | 780 | €23,964 | €23,193 | -€772 | -3.2% |
| Transfer to deferred taxes | 680 | €66,250 | €49,625 | -€16,625 | -25.1% |
| Income taxes | 67/77 | €1,213,915 | €1,083,579 | -€130,337 | -10.7% |
| Profit (loss) for the period | 9904 | €2,673,168 | €2,599,800 | -€73,368 | -2.7% |
| Transfer from tax-exempt reserves | 789 | €475,751 | €52,862 | -€422,889 | -88.9% |
| Transfer to tax-exempt reserves | 689 | €198,750 | €569,875 | +€371,125 | +187% |
| Profit (loss) for the period to be appropriated | 9905 | €2,950,169 | €2,082,787 | -€867,382 | -29.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.