DELMAR HOLDING: 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.
DELMAR HOLDING
Largest movements
- Financial fixed assets +€240,000
up €240,000 (+25.4%), from €944,637 to €1.2m
- Receivables within one year -€209,143
down €209,143 (-20.6%), from €1.0m to €804,437
of which Other amounts receivable: -€149,499
- Tangible fixed assets -€119,662
down €119,662 (-6.6%), from €1.8m to €1.7m
of which Land and buildings: -€124,941
- Debts after one year -€171,429
down €171,429 (-60.0%), from €285,715 to €114,286
- Other debts +€114,709
up €114,709 (+21.5%), from €533,866 to €648,575
- Current portion of long-term debt -€65,714
down €65,714 (-26.1%), from €251,429 to €185,714
- Financial income -€656,258
down €656,258 (-90.1%), from €728,244 to €71,986
of which Non-recurring financial income: -€644,706
- Gross operating margin +€51,026
up €51,026 (+105%), from €48,813 to €99,839
- Financial charges -€12,108
down €12,108 (-29.3%), from €41,326 to €29,219
- Taxes +€1,162
up €1,162 (+918%), from €127 to €1,289
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 | €4,292,044 | €4,182,224 | -€109,820 | -2.6% |
| Fixed assets | 21/28 | €2,763,771 | €2,884,109 | +€120,338 | +4.4% |
| Tangible fixed assets | 22/27 | €1,819,134 | €1,699,472 | -€119,662 | -6.6% |
| Land and buildings | 22 | €1,766,949 | €1,642,008 | -€124,941 | -7.1% |
| Plant, machinery and equipment | 23 | - | €4,979 | +€4,979 | |
| Furniture and vehicles | 24 | €2,463 | €2,763 | +€300 | +12.2% |
| Other tangible fixed assets | 26 | €49,722 | €49,722 | = | 0.0% |
| Financial fixed assets | 28 | €944,637 | €1,184,637 | +€240,000 | +25.4% |
| Current assets | 29/58 | €1,528,273 | €1,298,115 | -€230,158 | -15.1% |
| Amounts receivable after more than one year | 29 | €475,450 | €469,192 | -€6,258 | -1.3% |
| Other amounts receivable | 291 | €475,450 | €469,192 | -€6,258 | -1.3% |
| Amounts receivable within one year | 40/41 | €1,013,579 | €804,437 | -€209,143 | -20.6% |
| Trade receivables | 40 | €66,847 | €7,203 | -€59,644 | -89.2% |
| Other amounts receivable | 41 | €946,732 | €797,234 | -€149,499 | -15.8% |
| Cash at bank and in hand | 54/58 | €8,131 | €2,397 | -€5,734 | -70.5% |
| Deferred charges and accrued income | 490/1 | €31,112 | €22,089 | -€9,023 | -29.0% |
| Total equity and liabilities | 10/49 | €4,292,044 | €4,182,224 | -€109,820 | -2.6% |
| Equity | 10/15 | €3,181,818 | €3,191,022 | +€9,204 | +0.3% |
| Contributions | 10/11 | €482,883 | €482,883 | = | 0.0% |
| Revaluation surpluses | 12 | €1,622,952 | €1,622,952 | = | 0.0% |
| Reserves | 13 | €497,844 | €507,048 | +€9,204 | +1.8% |
| Non-distributable reserves | 130/1 | €48,288 | €48,288 | = | 0.0% |
| Reserves not available under the articles | 1311 | €48,288 | €48,288 | = | 0.0% |
| Tax-exempt reserves | 132 | €37,500 | €37,500 | = | 0.0% |
| Distributable reserves | 133 | €412,056 | €421,260 | +€9,204 | +2.2% |
| Profit (loss) carried forward | 14 | €578,139 | €578,139 | = | 0.0% |
| Amounts payable | 17/49 | €1,110,226 | €991,202 | -€119,024 | -10.7% |
| Amounts payable after more than one year | 17 | €285,715 | €114,286 | -€171,429 | -60.0% |
| Financial debts | 170/4 | €285,715 | €114,286 | -€171,429 | -60.0% |
| Amounts payable within one year | 42/48 | €824,511 | €876,916 | +€52,404 | +6.4% |
| Current portion of amounts payable after more than one year | 42 | €251,429 | €185,714 | -€65,714 | -26.1% |
| Trade debts | 44 | €31,869 | €36,725 | +€4,856 | +15.2% |
| Suppliers | 440/4 | €31,869 | €36,725 | +€4,856 | +15.2% |
| Taxes, remuneration and social security | 45 | €7,348 | €5,901 | -€1,447 | -19.7% |
| Taxes | 450/3 | €7,348 | €5,901 | -€1,447 | -19.7% |
| Other amounts payable | 47/48 | €533,866 | €648,575 | +€114,709 | +21.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €126,703 | €126,832 | +€129 | +0.1% |
| Other operating charges | 640/8 | €4,670 | €5,281 | +€612 | +13.1% |
| Non-recurring operating charges | 66A | €63 | - | -€63 | |
| Gross operating margin | 9900 | €48,813 | €99,839 | +€51,026 | +105% |
| Operating profit (loss) | 9901 | -€82,623 | -€32,275 | +€50,348 | +60.9% |
| Financial income | 75/76B | €728,244 | €71,986 | -€656,258 | -90.1% |
| Recurring financial income | 75 | €83,538 | €71,986 | -€11,552 | -13.8% |
| Non-recurring financial income | 76B | €644,706 | - | -€644,706 | |
| Financial charges | 65/66B | €41,326 | €29,219 | -€12,108 | -29.3% |
| Recurring financial charges | 65 | €41,326 | €29,219 | -€12,108 | -29.3% |
| Profit (loss) for the period before taxes | 9903 | €604,295 | €10,492 | -€593,802 | -98.3% |
| Income taxes | 67/77 | €127 | €1,289 | +€1,162 | +918% |
| Profit (loss) for the period | 9904 | €604,168 | €9,204 | -€594,964 | -98.5% |
| Profit (loss) for the period to be appropriated | 9905 | €604,168 | €9,204 | -€594,964 | -98.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.