Delmacon: 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.
Delmacon
Largest movements
- Tangible fixed assets -€41,458
down €41,458 (-27.7%), from €149,872 to €108,414
of which Plant, machinery and equipment: -€31,337
- Cash -€31,291
down €31,291 (-65.0%), from €48,149 to €16,857
mainly Contributions, distributions and other (-€50,000) and Debts after one year (-€32,995)
- Receivables within one year +€24,460
up €24,460 (+87.7%), from €27,885 to €52,345
- Debts after one year -€32,995
down €32,995 (-39.7%), from €83,148 to €50,153
- Other debts -€16,563
down €16,563 (-22.5%), from €73,539 to €56,976
- Gross operating margin +€18,625
up €18,625 (+18.4%), from €101,153 to €119,778
- Taxes +€7,945
up €7,945 (+114.8%), from €6,924 to €14,869
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 | €226,000 | €177,710 | -€48,290 | -21.4% |
| Fixed assets | 21/28 | €149,966 | €108,508 | -€41,458 | -27.6% |
| Tangible fixed assets | 22/27 | €149,872 | €108,414 | -€41,458 | -27.7% |
| Plant, machinery and equipment | 23 | €88,019 | €56,682 | -€31,337 | -35.6% |
| Furniture and vehicles | 24 | €61,854 | €51,732 | -€10,122 | -16.4% |
| Financial fixed assets | 28 | €94 | €94 | = | 0.0% |
| Current assets | 29/58 | €76,034 | €69,202 | -€6,831 | -9.0% |
| Amounts receivable within one year | 40/41 | €27,885 | €52,345 | +€24,460 | +87.7% |
| Trade receivables | 40 | €27,885 | €52,345 | +€24,460 | +87.7% |
| Cash at bank and in hand | 54/58 | €48,149 | €16,857 | -€31,291 | -65.0% |
| Total equity and liabilities | 10/49 | €226,000 | €177,710 | -€48,290 | -21.4% |
| Equity | 10/15 | €22,618 | €21,787 | -€830 | -3.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,018 | €3,187 | -€830 | -20.7% |
| Amounts payable | 17/49 | €203,382 | €155,923 | -€47,459 | -23.3% |
| Amounts payable after more than one year | 17 | €83,148 | €50,153 | -€32,995 | -39.7% |
| Financial debts | 170/4 | €83,148 | €50,153 | -€32,995 | -39.7% |
| Amounts payable within one year | 42/48 | €120,234 | €104,066 | -€16,168 | -13.4% |
| Current portion of amounts payable after more than one year | 42 | €31,766 | €32,995 | +€1,229 | +3.9% |
| Trade debts | 44 | €6,382 | €5,697 | -€685 | -10.7% |
| Suppliers | 440/4 | €6,382 | €5,697 | -€685 | -10.7% |
| Taxes, remuneration and social security | 45 | €8,547 | €8,397 | -€150 | -1.8% |
| Taxes | 450/3 | €8,547 | €8,397 | -€150 | -1.8% |
| Other amounts payable | 47/48 | €73,539 | €56,976 | -€16,563 | -22.5% |
| Accrued charges and deferred income | 492/3 | - | €1,704 | +€1,704 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,500 | €50,378 | -€122 | -0.2% |
| Other operating charges | 640/8 | €516 | €1,350 | +€834 | +161.7% |
| Gross operating margin | 9900 | €101,153 | €119,778 | +€18,625 | +18.4% |
| Operating profit (loss) | 9901 | €50,137 | €68,050 | +€17,913 | +35.7% |
| Financial income | 75/76B | €271 | - | -€271 | |
| Recurring financial income | 75 | €271 | - | -€271 | |
| Financial charges | 65/66B | €5,122 | €4,011 | -€1,111 | -21.7% |
| Recurring financial charges | 65 | €5,122 | €4,011 | -€1,111 | -21.7% |
| Profit (loss) for the period before taxes | 9903 | €45,286 | €64,039 | +€18,753 | +41.4% |
| Income taxes | 67/77 | €6,924 | €14,869 | +€7,945 | +114.8% |
| Profit (loss) for the period | 9904 | €38,362 | €49,170 | +€10,808 | +28.2% |
| Profit (loss) for the period to be appropriated | 9905 | €38,362 | €49,170 | +€10,808 | +28.2% |
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 3 October 2026 via checked.be.