DELMAGRI: 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.
DELMAGRI
Largest movements
- Receivables within one year +€54,793
up €54,793 (+38.4%), from €142,806 to €197,599
of which Trade receivables: +€54,688
- Tangible fixed assets +€38,140
up €38,140 (+12.4%), from €308,416 to €346,556
of which Furniture and vehicles: +€38,501
- Cash -€31,215
down €31,215 (-39.9%), from €78,284 to €47,069
mainly Investment in fixed assets (net) (-€141,036) and Receivables within one year (-€54,793)
- Other debts +€83,180
up €83,180 (+2966.4%), from €2,804 to €85,984
- Debts after one year -€23,564
down €23,564 (-13.1%), from €179,496 to €155,932
- Trade debts +€16,133
up €16,133 (+70.2%), from €22,978 to €39,111
- Tax, wage and social debts -€11,182
down €11,182 (-21.2%), from €52,789 to €41,607
of which Taxes: -€10,022
- Depreciation -€19,150
down €19,150 (-15.6%), from €122,444 to €103,294
- Gross operating margin -€17,994
down €17,994 (-5.0%), from €360,285 to €342,291
- Staff costs +€6,592
up €6,592 (+2.9%), from €224,726 to €231,317
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 | €540,832 | €607,293 | +€66,461 | +12.3% |
| Fixed assets | 21/28 | €309,520 | €347,263 | +€37,742 | +12.2% |
| Tangible fixed assets | 22/27 | €308,416 | €346,556 | +€38,140 | +12.4% |
| Plant, machinery and equipment | 23 | €1,521 | €1,159 | -€361 | -23.8% |
| Furniture and vehicles | 24 | €306,895 | €345,397 | +€38,501 | +12.5% |
| Financial fixed assets | 28 | €1,104 | €707 | -€398 | -36.0% |
| Current assets | 29/58 | €231,312 | €260,030 | +€28,719 | +12.4% |
| Amounts receivable within one year | 40/41 | €142,806 | €197,599 | +€54,793 | +38.4% |
| Trade receivables | 40 | €142,756 | €197,444 | +€54,688 | +38.3% |
| Other amounts receivable | 41 | €50 | €155 | +€105 | +209.9% |
| Cash at bank and in hand | 54/58 | €78,284 | €47,069 | -€31,215 | -39.9% |
| Deferred charges and accrued income | 490/1 | €10,222 | €15,362 | +€5,140 | +50.3% |
| Total equity and liabilities | 10/49 | €540,832 | €607,293 | +€66,461 | +12.3% |
| Equity | 10/15 | €191,922 | €189,083 | -€2,839 | -1.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €112,055 | €112,055 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €110,195 | €112,055 | +€1,860 | +1.7% |
| Profit (loss) carried forward | 14 | €61,267 | €58,428 | -€2,839 | -4.6% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Deferred taxes | 168 | €0 | - | = | |
| Amounts payable | 17/49 | €348,910 | €418,210 | +€69,300 | +19.9% |
| Amounts payable after more than one year | 17 | €179,496 | €155,932 | -€23,564 | -13.1% |
| Financial debts | 170/4 | €179,496 | €155,932 | -€23,564 | -13.1% |
| Amounts payable within one year | 42/48 | €169,415 | €262,278 | +€92,864 | +54.8% |
| Current portion of amounts payable after more than one year | 42 | €81,104 | €85,564 | +€4,460 | +5.5% |
| Trade debts | 44 | €22,978 | €39,111 | +€16,133 | +70.2% |
| Suppliers | 440/4 | €22,978 | €39,111 | +€16,133 | +70.2% |
| Advances received on contracts in progress | 46 | €9,740 | €10,013 | +€273 | +2.8% |
| Taxes, remuneration and social security | 45 | €52,789 | €41,607 | -€11,182 | -21.2% |
| Taxes | 450/3 | €23,165 | €13,143 | -€10,022 | -43.3% |
| Remuneration and social security | 454/9 | €29,623 | €28,464 | -€1,159 | -3.9% |
| Other amounts payable | 47/48 | €2,804 | €85,984 | +€83,180 | +2966.4% |
| Remuneration, social security and pensions | 62 | €224,726 | €231,317 | +€6,592 | +2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €122,444 | €103,294 | -€19,150 | -15.6% |
| Other operating charges | 640/8 | €387 | €920 | +€532 | +137.4% |
| Gross operating margin | 9900 | €360,285 | €342,291 | -€17,994 | -5.0% |
| Operating profit (loss) | 9901 | €12,728 | €6,760 | -€5,968 | -46.9% |
| Financial charges | 65/66B | €6,754 | €9,522 | +€2,768 | +41.0% |
| Recurring financial charges | 65 | €6,754 | €9,522 | +€2,768 | +41.0% |
| Profit (loss) for the period before taxes | 9903 | €5,974 | -€2,761 | -€8,736 | |
| Transfer from deferred taxes | 780 | €900 | - | -€900 | |
| Income taxes | 67/77 | €1,253 | €78 | -€1,175 | -93.8% |
| Profit (loss) for the period | 9904 | €5,621 | -€2,839 | -€8,460 | |
| Transfer from tax-exempt reserves | 789 | €2,700 | - | -€2,700 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,321 | -€2,839 | -€11,160 |
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 11 October 2026 via checked.be.