DELMAC: 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.
DELMAC
Largest movements
- Current investments +€249,746
new in 2025: €249,746
- Cash +€156,141
up €156,141 (+111%), from €140,758 to €296,899
mainly Net result for the year (+€179,260) and Receivables after one year (+€155,627)
- Receivables after one year -€155,627
down €155,627 (-51.9%), from €300,000 to €144,373
- Receivables within one year -€68,833
down €68,833 (-25.6%), from €268,895 to €200,062
- Tangible fixed assets -€35,432
down €35,432 (-10.4%), from €340,499 to €305,067
of which Other tangible fixed assets: -€45,916
- Reserves +€133,250
up €133,250 (+21.7%), from €614,560 to €747,810
- Debts after one year -€25,031
down €25,031 (-12.5%), from €200,046 to €175,015
of which Financial debts: -€27,956
- Other debts +€23,722
up €23,722 (+19.6%), from €121,189 to €144,911
- Gross operating margin +€37,893
up €37,893 (+13.7%), from €275,850 to €313,743
- Taxes +€10,384
up €10,384 (+15.3%), from €67,670 to €78,054
- Financial charges +€3,679
up €3,679 (+64.3%), from €5,720 to €9,399
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 | €1,162,415 | €1,298,586 | +€136,171 | +11.7% |
| Fixed assets | 21/28 | €439,177 | €403,745 | -€35,432 | -8.1% |
| Tangible fixed assets | 22/27 | €340,499 | €305,067 | -€35,432 | -10.4% |
| Land and buildings | 22 | €42,506 | €38,465 | -€4,041 | -9.5% |
| Plant, machinery and equipment | 23 | - | €9,505 | +€9,505 | |
| Furniture and vehicles | 24 | €3,943 | €8,964 | +€5,021 | +127% |
| Other tangible fixed assets | 26 | €294,050 | €248,134 | -€45,916 | -15.6% |
| Financial fixed assets | 28 | €98,678 | €98,678 | = | 0.0% |
| Current assets | 29/58 | €723,238 | €894,841 | +€171,603 | +23.7% |
| Amounts receivable after more than one year | 29 | €300,000 | €144,373 | -€155,627 | -51.9% |
| Other amounts receivable | 291 | €300,000 | €144,373 | -€155,627 | -51.9% |
| Amounts receivable within one year | 40/41 | €268,895 | €200,062 | -€68,833 | -25.6% |
| Other amounts receivable | 41 | €268,895 | €200,062 | -€68,833 | -25.6% |
| Current investments | 50/53 | - | €249,746 | +€249,746 | |
| Cash at bank and in hand | 54/58 | €140,758 | €296,899 | +€156,141 | +111% |
| Deferred charges and accrued income | 490/1 | €13,585 | €3,761 | -€9,824 | -72.3% |
| Total equity and liabilities | 10/49 | €1,162,415 | €1,298,586 | +€136,171 | +11.7% |
| Equity | 10/15 | €731,130 | €864,390 | +€133,260 | +18.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €614,560 | €747,810 | +€133,250 | +21.7% |
| Distributable reserves | 133 | €614,560 | €747,810 | +€133,250 | +21.7% |
| Profit (loss) carried forward | 14 | €97,970 | €97,980 | +€10 | 0.0% |
| Amounts payable | 17/49 | €431,285 | €434,196 | +€2,911 | +0.7% |
| Amounts payable after more than one year | 17 | €200,046 | €175,015 | -€25,031 | -12.5% |
| Financial debts | 170/4 | €199,838 | €171,882 | -€27,956 | -14.0% |
| Other amounts payable | 178/9 | €208 | €3,133 | +€2,925 | +1,406% |
| Amounts payable within one year | 42/48 | €227,799 | €254,153 | +€26,355 | +11.6% |
| Current portion of amounts payable after more than one year | 42 | €35,866 | €27,956 | -€7,910 | -22.1% |
| Trade debts | 44 | €10,552 | €9,322 | -€1,230 | -11.7% |
| Suppliers | 440/4 | €10,552 | €9,322 | -€1,230 | -11.7% |
| Taxes, remuneration and social security | 45 | €60,191 | €71,964 | +€11,773 | +19.6% |
| Taxes | 450/3 | €60,191 | €71,964 | +€11,773 | +19.6% |
| Other amounts payable | 47/48 | €121,189 | €144,911 | +€23,722 | +19.6% |
| Accrued charges and deferred income | 492/3 | €3,440 | €5,028 | +€1,588 | +46.2% |
| Non-recurring operating income | 76A | €2,410 | - | -€2,410 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,243 | €54,980 | +€2,737 | +5.2% |
| Other operating charges | 640/8 | €6,146 | €5,203 | -€943 | -15.3% |
| Gross operating margin | 9900 | €275,850 | €313,743 | +€37,893 | +13.7% |
| Operating profit (loss) | 9901 | €217,462 | €253,561 | +€36,099 | +16.6% |
| Financial income | 75/76B | €12,462 | €13,151 | +€689 | +5.5% |
| Recurring financial income | 75 | €12,462 | €13,151 | +€689 | +5.5% |
| Financial charges | 65/66B | €5,720 | €9,399 | +€3,679 | +64.3% |
| Recurring financial charges | 65 | €5,720 | €9,399 | +€3,679 | +64.3% |
| Profit (loss) for the period before taxes | 9903 | €224,204 | €257,314 | +€33,110 | +14.8% |
| Income taxes | 67/77 | €67,670 | €78,054 | +€10,384 | +15.3% |
| Profit (loss) for the period | 9904 | €156,534 | €179,260 | +€22,726 | +14.5% |
| Profit (loss) for the period to be appropriated | 9905 | €156,534 | €179,260 | +€22,726 | +14.5% |
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 27 October 2026 via checked.be.