DELISELEC: 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.
DELISELEC
Largest movements
- Receivables within one year -€49,561
down €49,561 (-44.1%), from €112,374 to €62,813
of which Trade receivables: -€62,597
- Cash -€43,741
down €43,741 (-34.5%), from €126,776 to €83,035
mainly Other debts (-€36,249) and Trade debts (-€34,501)
- Stocks and contracts +€11,858
up €11,858 (+115%), from €10,300 to €22,158
- Other debts -€36,249
down €36,249 (-40.8%), from €88,758 to €52,509
- Trade debts -€34,501
down €34,501 (-53.9%), from €63,979 to €29,478
- Profit (loss) carried forward -€14,116
down €14,116 (-7.2%), from €196,437 to €182,321
- Debts after one year -€8,337
down €8,337 (-2.2%), from €377,475 to €369,138
- Gross operating margin -€57,728
down €57,728 (-33.9%), from €170,467 to €112,739
- Staff costs +€33,206
up €33,206 (+82.9%), from €40,055 to €73,261
- Taxes -€18,563
down €18,563, from €18,313 to -€250
- Depreciation +€13,696
up €13,696 (+153%), from €8,962 to €22,658
- Financial charges -€6,139
down €6,139 (-27.2%), from €22,541 to €16,402
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 | €759,703 | €673,890 | -€85,813 | -11.3% |
| Fixed assets | 21/28 | €505,474 | €502,287 | -€3,187 | -0.6% |
| Tangible fixed assets | 22/27 | €505,474 | €502,287 | -€3,187 | -0.6% |
| Land and buildings | 22 | €496,888 | €488,208 | -€8,680 | -1.7% |
| Plant, machinery and equipment | 23 | €5,182 | €4,031 | -€1,151 | -22.2% |
| Furniture and vehicles | 24 | €3,404 | €10,048 | +€6,644 | +195% |
| Current assets | 29/58 | €254,229 | €171,603 | -€82,626 | -32.5% |
| Stocks and contracts in progress | 3 | €10,300 | €22,158 | +€11,858 | +115% |
| Stocks | 30/36 | €10,300 | €22,158 | +€11,858 | +115% |
| Amounts receivable within one year | 40/41 | €112,374 | €62,813 | -€49,561 | -44.1% |
| Trade receivables | 40 | €72,800 | €10,203 | -€62,597 | -86.0% |
| Other amounts receivable | 41 | €39,574 | €52,610 | +€13,036 | +32.9% |
| Cash at bank and in hand | 54/58 | €126,776 | €83,035 | -€43,741 | -34.5% |
| Deferred charges and accrued income | 490/1 | €4,779 | €3,597 | -€1,182 | -24.7% |
| Total equity and liabilities | 10/49 | €759,703 | €673,890 | -€85,813 | -11.3% |
| Equity | 10/15 | €204,437 | €190,321 | -€14,116 | -6.9% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €196,437 | €182,321 | -€14,116 | -7.2% |
| Amounts payable | 17/49 | €555,266 | €483,569 | -€71,697 | -12.9% |
| Amounts payable after more than one year | 17 | €377,475 | €369,138 | -€8,337 | -2.2% |
| Financial debts | 170/4 | €377,475 | €369,138 | -€8,337 | -2.2% |
| Amounts payable within one year | 42/48 | €177,791 | €114,431 | -€63,360 | -35.6% |
| Current portion of amounts payable after more than one year | 42 | €18,996 | €23,733 | +€4,737 | +24.9% |
| Trade debts | 44 | €63,979 | €29,478 | -€34,501 | -53.9% |
| Suppliers | 440/4 | €63,979 | €29,478 | -€34,501 | -53.9% |
| Taxes, remuneration and social security | 45 | €6,058 | €8,711 | +€2,653 | +43.8% |
| Taxes | 450/3 | €3,079 | €4,932 | +€1,853 | +60.2% |
| Remuneration and social security | 454/9 | €2,979 | €3,779 | +€800 | +26.9% |
| Other amounts payable | 47/48 | €88,758 | €52,509 | -€36,249 | -40.8% |
| Remuneration, social security and pensions | 62 | €40,055 | €73,261 | +€33,206 | +82.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,962 | €22,658 | +€13,696 | +153% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,691 | €1,691 | +€3,382 | |
| Other operating charges | 640/8 | €531 | €1,177 | +€646 | +122% |
| Gross operating margin | 9900 | €170,467 | €112,739 | -€57,728 | -33.9% |
| Operating profit (loss) | 9901 | €122,610 | €13,952 | -€108,658 | -88.6% |
| Financial income | 75/76B | €3,343 | €2,202 | -€1,141 | -34.1% |
| Recurring financial income | 75 | €3,343 | €2,202 | -€1,141 | -34.1% |
| Financial charges | 65/66B | €22,541 | €16,402 | -€6,139 | -27.2% |
| Recurring financial charges | 65 | €22,541 | €16,402 | -€6,139 | -27.2% |
| Profit (loss) for the period before taxes | 9903 | €103,412 | -€248 | -€103,660 | |
| Income taxes | 67/77 | €18,313 | -€250 | -€18,563 | |
| Profit (loss) for the period | 9904 | €85,099 | €2 | -€85,097 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €85,099 | €2 | -€85,097 | -100.0% |
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 18 October 2026 via checked.be.