DELMAR: 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.
DELMAR
Largest movements
- Tangible fixed assets +€27,268
new in 2025: €27,268
- Cash -€22,700
down €22,700 (-96.2%), from €23,588 to €889
mainly Investment in fixed assets (net) (-€31,450) and Current investments (-€21,046)
- Current investments +€21,046
up €21,046 (+37.3%), from €56,378 to €77,424
- Receivables within one year +€3,165
new in 2025: €3,165
- Deferred charges and accrued income +€2,076
new in 2025: €2,076
- Trade debts +€32,799
new in 2025: €32,799
- Other debts +€21,910
new in 2025: €21,910
- Contributions -€18,600
no longer reported in 2025 (was €18,600)
- Profit (loss) carried forward -€4,971
down €4,971 (-53.9%), from €9,222 to €4,251
- Depreciation +€4,232
up €4,232 (+5290525.0%), from €0 to €4,233
- Gross operating margin -€1,995
down €1,995, from €1,746 to -€249
- Taxes -€334
no longer reported in 2025 (was €334)
- Financial income +€73
new in 2025: €73
- Other operating charges +€56
up €56 (+14.5%), from €384 to €440
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 | €80,016 | €110,820 | +€30,804 | +38.5% |
| Fixed assets | 21/28 | €50 | €27,268 | +€27,218 | +54435.0% |
| Tangible fixed assets | 22/27 | - | €27,268 | +€27,268 | |
| Furniture and vehicles | 24 | - | €27,268 | +€27,268 | |
| Financial fixed assets | 28 | €50 | - | -€50 | |
| Current assets | 29/58 | €79,966 | €83,553 | +€3,587 | +4.5% |
| Amounts receivable within one year | 40/41 | - | €3,165 | +€3,165 | |
| Other amounts receivable | 41 | - | €3,165 | +€3,165 | |
| Current investments | 50/53 | €56,378 | €77,424 | +€21,046 | +37.3% |
| Cash at bank and in hand | 54/58 | €23,588 | €889 | -€22,700 | -96.2% |
| Deferred charges and accrued income | 490/1 | - | €2,076 | +€2,076 | |
| Total equity and liabilities | 10/49 | €80,016 | €110,820 | +€30,804 | +38.5% |
| Equity | 10/15 | €79,682 | €56,111 | -€23,571 | -29.6% |
| Contributions | 10/11 | €18,600 | - | -€18,600 | |
| Outside capital | 11 | €18,600 | - | -€18,600 | |
| Other | 1109/19 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €51,860 | €51,860 | = | 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 | €50,000 | €51,860 | +€1,860 | +3.7% |
| Profit (loss) carried forward | 14 | €9,222 | €4,251 | -€4,971 | -53.9% |
| Amounts payable | 17/49 | €334 | €54,709 | +€54,375 | +16290.7% |
| Amounts payable within one year | 42/48 | €334 | €54,709 | +€54,375 | +16290.7% |
| Trade debts | 44 | - | €32,799 | +€32,799 | |
| Suppliers | 440/4 | - | €32,799 | +€32,799 | |
| Taxes, remuneration and social security | 45 | €334 | - | -€334 | |
| Taxes | 450/3 | €334 | - | -€334 | |
| Other amounts payable | 47/48 | - | €21,910 | +€21,910 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | €4,233 | +€4,232 | +5290525.0% |
| Other operating charges | 640/8 | €384 | €440 | +€56 | +14.5% |
| Gross operating margin | 9900 | €1,746 | -€249 | -€1,995 | |
| Operating profit (loss) | 9901 | €1,361 | -€4,922 | -€6,283 | |
| Financial income | 75/76B | - | €73 | +€73 | |
| Recurring financial income | 75 | - | €73 | +€73 | |
| Financial charges | 65/66B | €126 | €122 | -€4 | -3.2% |
| Recurring financial charges | 65 | €126 | €122 | -€4 | -3.2% |
| Profit (loss) for the period before taxes | 9903 | €1,236 | -€4,971 | -€6,206 | |
| Income taxes | 67/77 | €334 | - | -€334 | |
| Profit (loss) for the period | 9904 | €902 | -€4,971 | -€5,873 | |
| Profit (loss) for the period to be appropriated | 9905 | €902 | -€4,971 | -€5,873 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.