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.
What changed
DELMAR
NACE 23.610, Manufacture of other non-metallic mineral products
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€54,294
2023 · €1.1m-€1.1m
Equity
€570,199
2023 · €535,209+€34,991
Cash
€306,155
2023 · €11,334+€294,820
Balance sheet total
€3.8m
2023 · €3.7m+€78,442
Largest movements
Assets
- Tangible fixed assets -€378,589
down €378,589 (-20.9%), from €1.8m to €1.4m
of which Plant, machinery and equipment: -€344,087
- Cash +€294,820
up €294,820 (+2601.1%), from €11,334 to €306,155
mainly Other debts (+€439,367) and Depreciation (+€431,046)
- Stocks and contracts +€265,281
up €265,281 (+45.4%), from €584,550 to €849,831
- Receivables within one year -€62,218
down €62,218 (-5.5%), from €1.1m to €1.1m
of which Other amounts receivable: -€461,419
- Intangible fixed assets -€51,289
down €51,289 (-51.7%), from €99,296 to €48,007
Equity and liabilities
- Other debts +€439,367
up €439,367 (+546.8%), from €80,359 to €519,726
- Debts after one year -€315,122
down €315,122 (-20.6%), from €1.5m to €1.2m
of which Trade debts: -€299,764
- Current portion of long-term debt -€237,316
down €237,316 (-38.2%), from €620,559 to €383,244
- Trade debts +€139,186
up €139,186 (+51.1%), from €272,150 to €411,336
- Short-term financial debts +€89,429
up €89,429 (+50.1%), from €178,646 to €268,075
Income statement
- Financial income -€4.6m
down €4.6m (-98.5%), from €4.7m to €68,307
of which Non-recurring financial income: -€4.6m
- Turnover -€4.6m
no longer reported in 2024 (was €4.6m)
- Goods and materials -€2.1m
no longer reported in 2024 (was €2.1m)
of which Purchases: -€2.0m
- Gross operating margin +€2.1m
new in 2024: €2.1m
- Services and other goods -€1.4m
no longer reported in 2024 (was €1.4m)
From the 2023 result to the 2024 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.
Result 2023
€1.1m
Turnover
-€4.6m
Other operating income
-€353,607
Goods and materials
+€2.1m
Services and other goods
+€1.4m
Staff costs
-€197,286
Depreciation
+€16,242
Write-downs
+€1.1m
Other operating charges
+€8,443
Other operating items
+€4.0m
Financial income
-€4.6m
Financial charges
+€39,031
Taxes
-€161
Result 2024
€54,294
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€787,301
Investment
-€10,168
Financing
-€482,312
Cash 2023
€11,334
From operations (derived)
+€787,301
Net result for the year
+€54,294
Depreciation
+€431,046
Stocks and contracts
-€265,281
Receivables within one year
+€62,218
Deferred charges and accrued income
-€1,436
Trade debts
+€139,186
Tax, wage and social debts
-€72,094
Other debts
+€439,367
Investment (derived)
-€10,168
Investment in fixed assets (net)
-€10,168
Financing
-€482,312
Debts after one year
-€315,122
Current portion of long-term debt
-€237,316
Short-term financial debts
+€89,429
Contributions, distributions and other
-€19,304
Cash 2024
€306,155
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,704,534 | €3,782,976 | +€78,442 | +2.1% |
| Fixed assets | 21/28 | €1,966,836 | €1,545,958 | -€420,878 | -21.4% |
| Intangible fixed assets | 21 | €99,296 | €48,007 | -€51,289 | -51.7% |
| Tangible fixed assets | 22/27 | €1,810,258 | €1,431,669 | -€378,589 | -20.9% |
| Land and buildings | 22 | - | €593 | +€593 | |
| Plant, machinery and equipment | 23 | €1,717,996 | €1,373,910 | -€344,087 | -20.0% |
| Furniture and vehicles | 24 | €81,254 | €47,510 | -€33,744 | -41.5% |
| Other tangible fixed assets | 26 | €11,008 | €9,657 | -€1,351 | -12.3% |
| Financial fixed assets | 28 | €57,282 | €66,282 | +€9,000 | +15.7% |
| Affiliated companies | 280/1 | €2,500 | - | -€2,500 | |
| Participating interests | 280 | €2,500 | - | -€2,500 | |
| Other financial fixed assets | 284/8 | €54,782 | - | -€54,782 | |
| Amounts receivable and cash guarantees | 285/8 | €54,782 | - | -€54,782 | |
| Current assets | 29/58 | €1,737,699 | €2,237,018 | +€499,320 | +28.7% |
| Stocks and contracts in progress | 3 | €584,550 | €849,831 | +€265,281 | +45.4% |
| Stocks | 30/36 | €584,550 | €849,831 | +€265,281 | +45.4% |
| Raw materials and consumables | 30/31 | €151,739 | - | -€151,739 | |
| Finished goods | 33 | €432,811 | - | -€432,811 | |
| Amounts receivable within one year | 40/41 | €1,138,881 | €1,076,663 | -€62,218 | -5.5% |
| Trade receivables | 40 | €648,070 | €1,047,271 | +€399,201 | +61.6% |
| Other amounts receivable | 41 | €490,811 | €29,392 | -€461,419 | -94.0% |
| Cash at bank and in hand | 54/58 | €11,334 | €306,155 | +€294,820 | +2601.1% |
| Deferred charges and accrued income | 490/1 | €2,933 | €4,370 | +€1,436 | +49.0% |
| Total equity and liabilities | 10/49 | €3,704,534 | €3,782,976 | +€78,442 | +2.1% |
| Equity | 10/15 | €535,209 | €570,199 | +€34,991 | +6.5% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | - | -€61,500 | |
| Issued capital | 100 | €61,500 | - | -€61,500 | |
| Reserves | 13 | €4,674,430 | €4,674,430 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | - | -€6,150 | |
| Reserves not available under the articles | 1311 | - | €6,150 | +€6,150 | |
| Tax-exempt reserves | 132 | €4,668,280 | €4,668,280 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,220,407 | -€4,166,113 | +€54,294 | +1.3% |
| Investment grants | 15 | €19,686 | €382 | -€19,304 | -98.1% |
| Amounts payable | 17/49 | €3,169,326 | €3,212,777 | +€43,451 | +1.4% |
| Amounts payable after more than one year | 17 | €1,532,073 | €1,216,951 | -€315,122 | -20.6% |
| Financial debts | 170/4 | €15,357 | - | -€15,357 | |
| Credit institutions | 173 | €15,357 | - | -€15,357 | |
| Trade debts | 175 | €1,516,715 | €1,216,951 | -€299,764 | -19.8% |
| Suppliers | 1750 | €1,516,715 | - | -€1.5m | |
| Amounts payable within one year | 42/48 | €1,637,253 | €1,995,826 | +€358,573 | +21.9% |
| Current portion of amounts payable after more than one year | 42 | €620,559 | €383,244 | -€237,316 | -38.2% |
| Financial debts | 43 | €178,646 | €268,075 | +€89,429 | +50.1% |
| Credit institutions | 430/8 | €178,646 | €268,075 | +€89,429 | +50.1% |
| Trade debts | 44 | €272,150 | €411,336 | +€139,186 | +51.1% |
| Suppliers | 440/4 | €272,150 | €411,336 | +€139,186 | +51.1% |
| Taxes, remuneration and social security | 45 | €485,539 | €413,445 | -€72,094 | -14.8% |
| Taxes | 450/3 | €162,419 | €126,417 | -€36,003 | -22.2% |
| Remuneration and social security | 454/9 | €323,119 | €287,028 | -€36,091 | -11.2% |
| Other amounts payable | 47/48 | €80,359 | €519,726 | +€439,367 | +546.8% |
| Operating income | 70/76A | €4,414,784 | - | -€4.4m | |
| Turnover | 70 | €4,583,289 | - | -€4.6m | |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€522,112 | - | +€522,112 | |
| Other operating income | 74 | €353,607 | - | -€353,607 | |
| Non-recurring operating income | 76A | - | €41,623 | +€41,623 | |
| Operating charges | 60/66A | €7,859,858 | - | -€7.9m | |
| Goods for resale, raw materials and consumables | 60 | €2,105,000 | - | -€2.1m | |
| Purchases | 600/8 | €1,968,540 | - | -€2.0m | |
| Change in stocks: decrease (increase) | 609 | €136,459 | - | -€136,459 | |
| Services and other goods | 61 | €1,386,719 | - | -€1.4m | |
| Remuneration, social security and pensions | 62 | €1,311,164 | €1,508,450 | +€197,286 | +15.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €447,288 | €431,046 | -€16,242 | -3.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,113,182 | - | -€1.1m | |
| Other operating charges | 640/8 | €33,287 | €24,844 | -€8,443 | -25.4% |
| Non-recurring operating charges | 66A | €1,463,219 | €121,049 | -€1.3m | -91.7% |
| Gross operating margin | 9900 | - | €2,094,366 | +€2.1m | |
| Operating profit (loss) | 9901 | -€3,445,075 | €8,977 | +€3.5m | |
| Financial income | 75/76B | €4,652,964 | €68,307 | -€4.6m | -98.5% |
| Recurring financial income | 75 | €3,967 | €38,378 | +€34,411 | +867.4% |
| Income from financial fixed assets | 750 | €728 | - | -€728 | |
| Other financial income | 752/9 | €3,239 | - | -€3,239 | |
| Non-recurring financial income | 76B | €4,648,997 | €29,929 | -€4.6m | -99.4% |
| Financial charges | 65/66B | €60,282 | €21,251 | -€39,031 | -64.7% |
| Recurring financial charges | 65 | €60,282 | €21,251 | -€39,031 | -64.7% |
| Debt charges | 650 | €35,688 | - | -€35,688 | |
| Other financial charges | 652/9 | €24,594 | - | -€24,594 | |
| Profit (loss) for the period before taxes | 9903 | €1,147,607 | €56,033 | -€1.1m | -95.1% |
| Income taxes | 67/77 | €1,578 | €1,739 | +€161 | +10.2% |
| Taxes | 670/3 | €1,578 | - | -€1,578 | |
| Profit (loss) for the period | 9904 | €1,146,029 | €54,294 | -€1.1m | -95.3% |
| Transfer to tax-exempt reserves | 689 | €4,668,280 | - | -€4.7m | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,522,251 | €54,294 | +€3.6m |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.