DELISMAN: what changed
Two fiscal 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.
DELISMAN
Largest movements
- Tangible fixed assets -€11,367
down €11,367 (-2.4%), from €465,341 to €453,975
of which Land and buildings: -€14,169
- Cash -€9,120
down €9,120 (-37.4%), from €24,376 to €15,256
mainly Net result for the year (-€13,823) and Investment in fixed assets (net) (-€4,775)
- Reserves -€7,488
down €7,488 (-2.4%), from €315,901 to €308,413
of which Tax-exempt reserves: -€7,488
- Profit (loss) carried forward -€6,335
down €6,335 (-8.3%), from -€76,079 to -€82,414
- Gross operating margin -€2,685
down €2,685 (-62.9%), from €4,268 to €1,584
- Depreciation +€598
up €598 (+3.8%), from €15,543 to €16,141
- Other operating charges -€356
down €356 (-16.8%), from €2,118 to €1,762
- Taxes -€75
down €75, from €35 to -€41
- Financial income -€70
down €70 (-38.7%), from €180 to €110
From the 2025 result to the 2026 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.
Cash bridge derived
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €489,792 | €469,304 | -€20,487 | -4.2% |
| Fixed assets | 21/28 | €465,416 | €454,049 | -€11,367 | -2.4% |
| Tangible fixed assets | 22/27 | €465,341 | €453,975 | -€11,367 | -2.4% |
| Land and buildings | 22 | €458,075 | €443,906 | -€14,169 | -3.1% |
| Plant, machinery and equipment | 23 | €6,230 | €8,299 | +€2,069 | +33.2% |
| Furniture and vehicles | 24 | €1,036 | €1,769 | +€733 | +70.8% |
| Financial fixed assets | 28 | €74 | €74 | = | 0.0% |
| Current assets | 29/58 | €24,376 | €15,256 | -€9,120 | -37.4% |
| Cash at bank and in hand | 54/58 | €24,376 | €15,256 | -€9,120 | -37.4% |
| Total equity and liabilities | 10/49 | €489,792 | €469,304 | -€20,487 | -4.2% |
| Equity | 10/15 | €258,422 | €244,599 | -€13,823 | -5.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €315,901 | €308,413 | -€7,488 | -2.4% |
| Tax-exempt reserves | 132 | €172,222 | €164,734 | -€7,488 | -4.3% |
| Distributable reserves | 133 | €143,679 | €143,679 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€76,079 | -€82,414 | -€6,335 | -8.3% |
| Provisions and deferred taxes | 16 | €57,407 | €54,911 | -€2,496 | -4.3% |
| Deferred taxes | 168 | €57,407 | €54,911 | -€2,496 | -4.3% |
| Amounts payable | 17/49 | €173,962 | €169,794 | -€4,168 | -2.4% |
| Amounts payable within one year | 42/48 | €173,962 | €169,794 | -€4,168 | -2.4% |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Other amounts payable | 47/48 | €173,962 | €169,794 | -€4,168 | -2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,543 | €16,141 | +€598 | +3.8% |
| Other operating charges | 640/8 | €2,118 | €1,762 | -€356 | -16.8% |
| Gross operating margin | 9900 | €4,268 | €1,584 | -€2,685 | -62.9% |
| Operating profit (loss) | 9901 | -€13,393 | -€16,320 | -€2,927 | -21.9% |
| Financial income | 75/76B | €180 | €110 | -€70 | -38.7% |
| Recurring financial income | 75 | €180 | €110 | -€70 | -38.7% |
| Financial charges | 65/66B | €143 | €150 | +€7 | +5.3% |
| Recurring financial charges | 65 | €143 | €150 | +€7 | +5.3% |
| Profit (loss) for the period before taxes | 9903 | -€13,356 | -€16,360 | -€3,004 | -22.5% |
| Transfer from deferred taxes | 780 | €2,496 | €2,496 | = | 0.0% |
| Income taxes | 67/77 | €35 | -€41 | -€75 | |
| Profit (loss) for the period | 9904 | -€10,894 | -€13,823 | -€2,929 | -26.9% |
| Transfer from tax-exempt reserves | 789 | €7,488 | €7,488 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,406 | -€6,335 | -€2,929 | -86.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.