Delivco: 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.
Delivco
Largest movements
- Financial fixed assets +€1.8m
up €1.8m (+11,223%), from €16,279 to €1.8m
- Stocks and contracts -€499,248
down €499,248 (-59.1%), from €844,600 to €345,352
- Deferred charges and accrued income +€497,279
up €497,279 (+1,797%), from €27,671 to €524,950
- Receivables within one year +€343,800
up €343,800 (+48.6%), from €706,765 to €1.1m
of which Trade receivables: +€318,490
- Tangible fixed assets -€56,683
down €56,683 (-5.6%), from €1.0m to €956,501
of which Furniture and vehicles: -€45,902
- Trade debts +€1.4m
up €1.4m (+125%), from €1.1m to €2.4m
- Profit (loss) carried forward +€551,857
up €551,857 (+1,894%), from €29,133 to €580,990
- Short-term financial debts +€150,000
new in 2025: €150,000
- Financial income +€495,961
up €495,961 (+12,279%), from €4,039 to €500,001
- Gross operating margin +€173,431
up €173,431 (+15.7%), from €1.1m to €1.3m
- Staff costs +€88,439
up €88,439 (+10.2%), from €867,884 to €956,323
- Depreciation +€31,412
up €31,412 (+32.7%), from €96,070 to €127,482
- Taxes +€26,327
up €26,327, from -€40 to €26,287
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 | €2,627,952 | €4,721,136 | +€2.1m | +79.7% |
| Fixed assets | 21/28 | €1,029,464 | €2,799,738 | +€1.8m | +172% |
| Tangible fixed assets | 22/27 | €1,013,185 | €956,501 | -€56,683 | -5.6% |
| Land and buildings | 22 | €728,667 | €730,469 | +€1,803 | +0.2% |
| Plant, machinery and equipment | 23 | €53,600 | €42,645 | -€10,955 | -20.4% |
| Furniture and vehicles | 24 | €219,642 | €173,740 | -€45,902 | -20.9% |
| Other tangible fixed assets | 26 | €11,276 | €9,647 | -€1,629 | -14.4% |
| Financial fixed assets | 28 | €16,279 | €1,843,236 | +€1.8m | +11,223% |
| Current assets | 29/58 | €1,598,489 | €1,921,398 | +€322,909 | +20.2% |
| Stocks and contracts in progress | 3 | €844,600 | €345,352 | -€499,248 | -59.1% |
| Stocks | 30/36 | €844,600 | €345,352 | -€499,248 | -59.1% |
| Amounts receivable within one year | 40/41 | €706,765 | €1,050,564 | +€343,800 | +48.6% |
| Trade receivables | 40 | €663,909 | €982,400 | +€318,490 | +48.0% |
| Other amounts receivable | 41 | €42,855 | €68,165 | +€25,309 | +59.1% |
| Cash at bank and in hand | 54/58 | €19,453 | €532 | -€18,921 | -97.3% |
| Deferred charges and accrued income | 490/1 | €27,671 | €524,950 | +€497,279 | +1,797% |
| Total equity and liabilities | 10/49 | €2,627,952 | €4,721,136 | +€2.1m | +79.7% |
| Equity | 10/15 | €609,133 | €1,160,990 | +€551,857 | +90.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Revaluation surpluses | 12 | €560,000 | €560,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,133 | €580,990 | +€551,857 | +1,894% |
| Amounts payable | 17/49 | €2,018,819 | €3,560,146 | +€1.5m | +76.3% |
| Amounts payable after more than one year | 17 | €682,955 | €676,109 | -€6,846 | -1.0% |
| Financial debts | 170/4 | €682,955 | €676,109 | -€6,846 | -1.0% |
| Amounts payable within one year | 42/48 | €1,330,424 | €2,881,049 | +€1.6m | +117% |
| Current portion of amounts payable after more than one year | 42 | €167,592 | €187,361 | +€19,769 | +11.8% |
| Financial debts | 43 | - | €150,000 | +€150,000 | |
| Credit institutions | 430/8 | - | €150,000 | +€150,000 | |
| Trade debts | 44 | €1,081,629 | €2,438,327 | +€1.4m | +125% |
| Suppliers | 440/4 | €1,081,629 | €2,438,327 | +€1.4m | +125% |
| Taxes, remuneration and social security | 45 | €75,465 | €103,534 | +€28,068 | +37.2% |
| Taxes | 450/3 | €11,682 | €36,250 | +€24,569 | +210% |
| Remuneration and social security | 454/9 | €63,783 | €67,283 | +€3,500 | +5.5% |
| Other amounts payable | 47/48 | €5,738 | €1,828 | -€3,910 | -68.1% |
| Accrued charges and deferred income | 492/3 | €5,440 | €2,987 | -€2,452 | -45.1% |
| Remuneration, social security and pensions | 62 | €867,884 | €956,323 | +€88,439 | +10.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €96,070 | €127,482 | +€31,412 | +32.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €14,779 | €15,542 | +€763 | +5.2% |
| Other operating charges | 640/8 | €45,274 | €45,971 | +€698 | +1.5% |
| Gross operating margin | 9900 | €1,106,966 | €1,280,398 | +€173,431 | +15.7% |
| Operating profit (loss) | 9901 | €82,959 | €135,080 | +€52,121 | +62.8% |
| Financial income | 75/76B | €4,039 | €500,001 | +€495,961 | +12,279% |
| Recurring financial income | 75 | €4,039 | €500,001 | +€495,961 | +12,279% |
| Financial charges | 65/66B | €42,713 | €56,937 | +€14,224 | +33.3% |
| Recurring financial charges | 65 | €42,713 | €56,937 | +€14,224 | +33.3% |
| Profit (loss) for the period before taxes | 9903 | €44,285 | €578,143 | +€533,858 | +1,205% |
| Income taxes | 67/77 | -€40 | €26,287 | +€26,327 | |
| Profit (loss) for the period | 9904 | €44,325 | €551,857 | +€507,531 | +1,145% |
| Profit (loss) for the period to be appropriated | 9905 | €44,325 | €551,857 | +€507,531 | +1,145% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.