Delinsuro: 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.
Delinsuro
Largest movements
- Tangible fixed assets +€327,289
up €327,289 (+2,603%), from €12,575 to €339,864
of which Land and buildings: +€328,252
- Financial fixed assets +€274,597
up €274,597 (+9,153,247%), from €3 to €274,600
- Cash -€35,641
down €35,641 (-89.4%), from €39,870 to €4,230
mainly Investment in fixed assets (net) (-€654,822) and Smaller working-capital items (-€614)
- Debts after one year +€411,887
new in 2025: €411,887
- Current portion of long-term debt +€64,234
new in 2025: €64,234
- Other debts +€38,251
up €38,251 (+306%), from €12,488 to €50,739
- Profit (loss) carried forward +€35,248
up €35,248 (+93.9%), from €37,540 to €72,787
- Tax, wage and social debts +€17,239
up €17,239 (+151%), from €11,393 to €28,632
- Gross operating margin +€61,728
up €61,728 (+117%), from €52,953 to €114,681
- Depreciation +€51,602
up €51,602 (+3,869%), from €1,334 to €52,936
- Financial charges +€7,598
up €7,598 (+792%), from €959 to €8,557
- Taxes +€5,191
up €5,191 (+45.6%), from €11,393 to €16,584
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 | €67,442 | €634,405 | +€566,962 | +841% |
| Fixed assets | 21/28 | €12,578 | €614,465 | +€601,886 | +4,785% |
| Tangible fixed assets | 22/27 | €12,575 | €339,864 | +€327,289 | +2,603% |
| Land and buildings | 22 | - | €328,252 | +€328,252 | |
| Plant, machinery and equipment | 23 | €652 | €1,313 | +€661 | +101% |
| Furniture and vehicles | 24 | €2,496 | €1,896 | -€600 | -24.0% |
| Other tangible fixed assets | 26 | €9,428 | €8,404 | -€1,024 | -10.9% |
| Financial fixed assets | 28 | €3 | €274,600 | +€274,597 | +9,153,247% |
| Current assets | 29/58 | €54,864 | €19,940 | -€34,924 | -63.7% |
| Amounts receivable within one year | 40/41 | €12,000 | €12,000 | = | 0.0% |
| Trade receivables | 40 | €12,000 | €12,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €39,870 | €4,230 | -€35,641 | -89.4% |
| Deferred charges and accrued income | 490/1 | €2,994 | €3,710 | +€717 | +23.9% |
| Total equity and liabilities | 10/49 | €67,442 | €634,405 | +€566,962 | +841% |
| Equity | 10/15 | €40,040 | €75,287 | +€35,248 | +88.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €37,540 | €72,787 | +€35,248 | +93.9% |
| Amounts payable | 17/49 | €27,403 | €559,117 | +€531,715 | +1,940% |
| Amounts payable after more than one year | 17 | - | €411,887 | +€411,887 | |
| Financial debts | 170/4 | - | €411,887 | +€411,887 | |
| Amounts payable within one year | 42/48 | €27,403 | €147,230 | +€119,827 | +437% |
| Current portion of amounts payable after more than one year | 42 | - | €64,234 | +€64,234 | |
| Trade debts | 44 | €3,522 | €3,625 | +€103 | +2.9% |
| Suppliers | 440/4 | €3,522 | €3,625 | +€103 | +2.9% |
| Taxes, remuneration and social security | 45 | €11,393 | €28,632 | +€17,239 | +151% |
| Taxes | 450/3 | €11,393 | €28,632 | +€17,239 | +151% |
| Other amounts payable | 47/48 | €12,488 | €50,739 | +€38,251 | +306% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,334 | €52,936 | +€51,602 | +3,869% |
| Other operating charges | 640/8 | €1,728 | €1,356 | -€372 | -21.5% |
| Gross operating margin | 9900 | €52,953 | €114,681 | +€61,728 | +117% |
| Operating profit (loss) | 9901 | €49,892 | €60,389 | +€10,497 | +21.0% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €959 | €8,557 | +€7,598 | +792% |
| Recurring financial charges | 65 | €959 | €8,557 | +€7,598 | +792% |
| Profit (loss) for the period before taxes | 9903 | €48,932 | €51,832 | +€2,900 | +5.9% |
| Income taxes | 67/77 | €11,393 | €16,584 | +€5,191 | +45.6% |
| Profit (loss) for the period | 9904 | €37,540 | €35,248 | -€2,292 | -6.1% |
| Profit (loss) for the period to be appropriated | 9905 | €37,540 | €35,248 | -€2,292 | -6.1% |
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 1 November 2026 via checked.be.