DELISUD: 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.
DELISUD
Largest movements
- Cash +€30,558
up €30,558 (+91.3%), from €33,477 to €64,035
mainly Net result for the year (+€39,067) and Depreciation (+€20,480)
- Intangible fixed assets -€9,000
down €9,000 (-12.5%), from €72,000 to €63,000
- Tangible fixed assets -€5,424
down €5,424 (-45.4%), from €11,937 to €6,513
of which Plant, machinery and equipment: -€8,109
- Receivables within one year +€5,036
up €5,036 (+136.1%), from €3,701 to €8,737
of which Trade receivables: +€4,227
- Deferred charges and accrued income +€1,582
up €1,582 (+3371.8%), from €47 to €1,629
- Profit (loss) carried forward +€21,067
up €21,067 (+30.8%), from €68,468 to €89,535
- Trade debts +€7,065
up €7,065 (+86.8%), from €8,140 to €15,204
- Other debts -€6,261
down €6,261 (-82.2%), from €7,612 to €1,351
- Purchases and services +€63,807
up €63,807 (+45.4%), from €140,433 to €204,241
- Staff costs -€37,824
down €37,824 (-47.5%), from €79,571 to €41,746
- Gross operating margin -€35,598
down €35,598 (-22.5%), from €158,534 to €122,935
- Financial charges +€2,432
up €2,432 (+204.4%), from €1,190 to €3,622
of which Financial charges: +€2,204
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.
Cash bridge derived
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 | €124,455 | €147,750 | +€23,295 | +18.7% |
| Fixed assets | 21/28 | €84,332 | €69,907 | -€14,424 | -17.1% |
| Intangible fixed assets | 21 | €72,000 | €63,000 | -€9,000 | -12.5% |
| Tangible fixed assets | 22/27 | €11,937 | €6,513 | -€5,424 | -45.4% |
| Plant, machinery and equipment | 23 | €10,618 | €2,509 | -€8,109 | -76.4% |
| Furniture and vehicles | 24 | €1,319 | €1,393 | +€75 | +5.7% |
| Other tangible fixed assets | 26 | - | €2,610 | +€2,610 | |
| Financial fixed assets | 28 | €394 | €394 | = | 0.0% |
| Current assets | 29/58 | €40,123 | €77,843 | +€37,719 | +94.0% |
| Stocks and contracts in progress | 3 | €2,898 | €3,442 | +€543 | +18.7% |
| Stocks | 30/36 | €2,898 | €3,442 | +€543 | +18.7% |
| Amounts receivable within one year | 40/41 | €3,701 | €8,737 | +€5,036 | +136.1% |
| Trade receivables | 40 | €3,647 | €7,874 | +€4,227 | +115.9% |
| Other amounts receivable | 41 | €55 | €864 | +€809 | +1480.8% |
| Cash at bank and in hand | 54/58 | €33,477 | €64,035 | +€30,558 | +91.3% |
| Deferred charges and accrued income | 490/1 | €47 | €1,629 | +€1,582 | +3371.8% |
| Total equity and liabilities | 10/49 | €124,455 | €147,750 | +€23,295 | +18.7% |
| Equity | 10/15 | €73,468 | €94,535 | +€21,067 | +28.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €68,468 | €89,535 | +€21,067 | +30.8% |
| Amounts payable | 17/49 | €50,987 | €53,214 | +€2,227 | +4.4% |
| Amounts payable within one year | 42/48 | €50,987 | €53,214 | +€2,227 | +4.4% |
| Trade debts | 44 | €8,140 | €15,204 | +€7,065 | +86.8% |
| Suppliers | 440/4 | €8,140 | €15,204 | +€7,065 | +86.8% |
| Taxes, remuneration and social security | 45 | €35,235 | €36,659 | +€1,424 | +4.0% |
| Taxes | 450/3 | €25,300 | €30,486 | +€5,186 | +20.5% |
| Remuneration and social security | 454/9 | €9,935 | €6,173 | -€3,762 | -37.9% |
| Other amounts payable | 47/48 | €7,612 | €1,351 | -€6,261 | -82.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €140,433 | €204,241 | +€63,807 | +45.4% |
| Remuneration, social security and pensions | 62 | €79,571 | €41,746 | -€37,824 | -47.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,754 | €20,480 | +€726 | +3.7% |
| Other operating charges | 640/8 | €1,446 | €2,975 | +€1,529 | +105.8% |
| Non-recurring operating charges | 66A | €81 | €1,138 | +€1,057 | +1305.3% |
| Gross operating margin | 9900 | €158,534 | €122,935 | -€35,598 | -22.5% |
| Operating profit (loss) | 9901 | €57,683 | €56,596 | -€1,086 | -1.9% |
| Financial charges | 65/66B | €1,190 | €3,622 | +€2,432 | +204.4% |
| Recurring financial charges | 65 | €1,190 | €3,394 | +€2,204 | +185.2% |
| Non-recurring financial charges | 66B | - | €228 | +€228 | |
| Profit (loss) for the period before taxes | 9903 | €56,493 | €52,974 | -€3,519 | -6.2% |
| Income taxes | 67/77 | €14,372 | €13,907 | -€465 | -3.2% |
| Profit (loss) for the period | 9904 | €42,121 | €39,067 | -€3,053 | -7.2% |
| Profit (loss) for the period to be appropriated | 9905 | €42,121 | €39,067 | -€3,053 | -7.2% |
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 11 October 2026 via checked.be.