DELISAN: 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
DELISAN
NACE 68.121, Development of residential building projects
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€125,070
2024 · -€92,727+€217,797
Equity
€416,059
2024 · €290,990+€125,070
Cash
€40,171
2024 · €8,034+€32,137
Balance sheet total
€4.9m
2024 · €4.9m+€12,021
Largest movements
Assets
- Tangible fixed assets -€126,874
down €126,874 (-2.9%), from €4.4m to €4.3m
- Receivables within one year +€63,348
up €63,348 (+23,435%), from €270 to €63,618
of which Trade receivables: +€61,363
Equity and liabilities
- Other debts -€213,562
down €213,562 (-4.6%), from €4.6m to €4.4m
- Profit (loss) carried forward +€112,023
up €112,023, from -€112,023 to €0
- Trade debts +€74,867
up €74,867 (+2,925%), from €2,560 to €77,426
Income statement
- Gross operating margin +€237,535
up €237,535 (+126%), from €188,168 to €425,703
- Other operating charges +€10,317
up €10,317 (+50.5%), from €20,439 to €30,755
- Taxes +€6,862
new in 2025: €6,862
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
-€92,727
Gross operating margin
+€237,535
Depreciation
+€152
Other operating charges
-€10,317
Financial income
+€371
Financial charges
-€3,083
Taxes
-€6,862
Result 2025
€125,070
raises the resultlowers the result
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
+€79,083
Investment
-€46,946
Financing
€0
Cash 2024
€8,034
From operations (derived)
+€79,083
Net result for the year
+€125,070
Depreciation
+€173,820
Stocks and contracts
-€37,060
Receivables within one year
-€63,348
Deferred charges and accrued income
-€6,350
Trade debts
+€74,867
Tax, wage and social debts
+€24,331
Other debts
-€213,562
Accrued charges and deferred income
+€1,315
Investment (derived)
-€46,946
Investment in fixed assets (net)
-€46,946
Cash 2025
€40,171
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,902,432 | €4,914,453 | +€12,021 | +0.2% |
| Fixed assets | 21/28 | €4,439,650 | €4,312,776 | -€126,874 | -2.9% |
| Tangible fixed assets | 22/27 | €4,421,650 | €4,294,776 | -€126,874 | -2.9% |
| Land and buildings | 22 | €4,421,650 | €4,294,776 | -€126,874 | -2.9% |
| Financial fixed assets | 28 | €18,000 | €18,000 | = | 0.0% |
| Current assets | 29/58 | €462,782 | €601,677 | +€138,895 | +30.0% |
| Stocks and contracts in progress | 3 | €454,478 | €491,538 | +€37,060 | +8.2% |
| Stocks | 30/36 | €454,478 | €491,538 | +€37,060 | +8.2% |
| Amounts receivable within one year | 40/41 | €270 | €63,618 | +€63,348 | +23,435% |
| Trade receivables | 40 | €270 | €61,633 | +€61,363 | +22,701% |
| Other amounts receivable | 41 | - | €1,986 | +€1,986 | |
| Cash at bank and in hand | 54/58 | €8,034 | €40,171 | +€32,137 | +400% |
| Deferred charges and accrued income | 490/1 | €0 | €6,350 | +€6,350 | |
| Total equity and liabilities | 10/49 | €4,902,432 | €4,914,453 | +€12,021 | +0.2% |
| Equity | 10/15 | €290,990 | €416,059 | +€125,070 | +43.0% |
| Contributions | 10/11 | €62,300 | €62,300 | = | 0.0% |
| Capital | 10 | €62,300 | €62,300 | = | 0.0% |
| Issued capital | 100 | €62,300 | €62,300 | = | 0.0% |
| Reserves | 13 | €340,713 | €353,759 | +€13,047 | +3.8% |
| Non-distributable reserves | 130/1 | €24,674 | €24,674 | = | 0.0% |
| Legal reserve | 130 | €24,674 | €24,674 | = | 0.0% |
| Distributable reserves | 133 | €316,039 | €329,085 | +€13,047 | +4.1% |
| Profit (loss) carried forward | 14 | -€112,023 | €0 | +€112,023 | |
| Amounts payable | 17/49 | €4,611,442 | €4,498,393 | -€113,049 | -2.5% |
| Amounts payable within one year | 42/48 | €4,611,442 | €4,497,078 | -€114,364 | -2.5% |
| Trade debts | 44 | €2,560 | €77,426 | +€74,867 | +2,925% |
| Suppliers | 440/4 | €2,560 | €77,426 | +€74,867 | +2,925% |
| Taxes, remuneration and social security | 45 | €2,797 | €27,128 | +€24,331 | +870% |
| Taxes | 450/3 | €2,797 | €27,128 | +€24,331 | +870% |
| Other amounts payable | 47/48 | €4,606,086 | €4,392,524 | -€213,562 | -4.6% |
| Accrued charges and deferred income | 492/3 | - | €1,315 | +€1,315 | |
| Non-recurring operating income | 76A | €1,000 | €122,487 | +€121,487 | +12,149% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €173,972 | €173,820 | -€152 | -0.1% |
| Other operating charges | 640/8 | €20,439 | €30,755 | +€10,317 | +50.5% |
| Gross operating margin | 9900 | €188,168 | €425,703 | +€237,535 | +126% |
| Operating profit (loss) | 9901 | -€6,243 | €221,128 | +€227,370 | |
| Financial income | 75/76B | €170 | €541 | +€371 | +219% |
| Recurring financial income | 75 | €170 | €541 | +€371 | +219% |
| Financial charges | 65/66B | €86,654 | €89,737 | +€3,083 | +3.6% |
| Recurring financial charges | 65 | €86,654 | €89,737 | +€3,083 | +3.6% |
| Profit (loss) for the period before taxes | 9903 | -€92,727 | €131,931 | +€224,659 | |
| Income taxes | 67/77 | - | €6,862 | +€6,862 | |
| Profit (loss) for the period | 9904 | -€92,727 | €125,070 | +€217,797 | |
| Profit (loss) for the period to be appropriated | 9905 | -€92,727 | €125,070 | +€217,797 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.