DELMA: 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.
DELMA
Largest movements
- Receivables within one year -€18,019
down €18,019 (-29.9%), from €60,174 to €42,154
of which Trade receivables: -€19,192
- Advances received -€20,394
down €20,394 (-96.0%), from €21,244 to €849
- Tax, wage and social debts +€1,269
up €1,269 (+158.2%), from €802 to €2,072
- Trade debts +€839
up €839 (+22.5%), from €3,724 to €4,564
- Gross operating margin -€26,866
down €26,866 (-97.7%), from €27,493 to €627
- Other operating charges -€9,031
no longer reported in 2025 (was €9,031)
- Taxes -€702
down €702 (-87.5%), from €802 to €100
- Financial charges -€347
down €347 (-68.6%), from €506 to €159
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 | €61,325 | €43,408 | -€17,917 | -29.2% |
| Current assets | 29/58 | €61,325 | €43,408 | -€17,917 | -29.2% |
| Amounts receivable within one year | 40/41 | €60,174 | €42,154 | -€18,019 | -29.9% |
| Trade receivables | 40 | €19,192 | - | -€19,192 | |
| Other amounts receivable | 41 | €40,982 | €42,154 | +€1,173 | +2.9% |
| Cash at bank and in hand | 54/58 | €1,151 | €1,253 | +€102 | +8.9% |
| Total equity and liabilities | 10/49 | €61,325 | €43,408 | -€17,917 | -29.2% |
| Equity | 10/15 | €35,179 | €35,548 | +€369 | +1.0% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Capital | 10 | €18,750 | €18,750 | = | 0.0% |
| Issued capital | 100 | €18,750 | €18,750 | = | 0.0% |
| Reserves | 13 | €4,250 | €4,250 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,875 | €1,875 | = | 0.0% |
| Legal reserve | 130 | €1,875 | €1,875 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,375 | €2,375 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,179 | €12,548 | +€369 | +3.0% |
| Amounts payable | 17/49 | €26,145 | €7,860 | -€18,286 | -69.9% |
| Amounts payable within one year | 42/48 | €25,770 | €7,484 | -€18,286 | -71.0% |
| Trade debts | 44 | €3,724 | €4,564 | +€839 | +22.5% |
| Suppliers | 440/4 | €3,724 | €4,564 | +€839 | +22.5% |
| Advances received on contracts in progress | 46 | €21,244 | €849 | -€20,394 | -96.0% |
| Taxes, remuneration and social security | 45 | €802 | €2,072 | +€1,269 | +158.2% |
| Taxes | 450/3 | €802 | €2,072 | +€1,269 | +158.2% |
| Accrued charges and deferred income | 492/3 | €375 | €375 | = | 0.0% |
| Non-recurring operating income | 76A | €28,532 | - | -€28,532 | |
| Other operating charges | 640/8 | €9,031 | - | -€9,031 | |
| Gross operating margin | 9900 | €27,493 | €627 | -€26,866 | -97.7% |
| Operating profit (loss) | 9901 | €18,462 | €627 | -€17,835 | -96.6% |
| Financial income | 75/76B | €170 | - | -€170 | |
| Recurring financial income | 75 | €170 | - | -€170 | |
| Financial charges | 65/66B | €506 | €159 | -€347 | -68.6% |
| Recurring financial charges | 65 | €506 | €159 | -€347 | -68.6% |
| Profit (loss) for the period before taxes | 9903 | €18,127 | €469 | -€17,658 | -97.4% |
| Income taxes | 67/77 | €802 | €100 | -€702 | -87.5% |
| Profit (loss) for the period | 9904 | €17,324 | €369 | -€16,956 | -97.9% |
| Profit (loss) for the period to be appropriated | 9905 | €17,324 | €369 | -€16,956 | -97.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.