delMar Management: 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 Management
Largest movements
- Tangible fixed assets +€9,625
up €9,625 (+3,519%), from €274 to €9,899
of which Other tangible fixed assets: +€5,535
- Cash -€8,837
down €8,837 (-89.9%), from €9,827 to €991
mainly Investment in fixed assets (net) (-€9,976) and Trade debts (-€3,244)
- Receivables within one year -€3,393
down €3,393 (-87.5%), from €3,880 to €487
of which Trade receivables: -€3,880
- Other debts +€3,683
up €3,683 (+43.9%), from €8,380 to €12,063
- Trade debts -€3,244
down €3,244 (-96.8%), from €3,352 to €108
- Profit (loss) carried forward -€1,605
down €1,605 (-38.3%), from -€4,191 to -€5,796
- Tax, wage and social debts -€1,439
no longer reported in 2025 (was €1,439)
- Gross operating margin -€3,038
down €3,038, from €1,815 to -€1,223
- Financial charges -€41
down €41 (-56.3%), from €72 to €32
- Depreciation -€27
down €27 (-7.1%), from €377 to €351
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 | €13,981 | €11,376 | -€2,605 | -18.6% |
| Fixed assets | 21/28 | €274 | €9,899 | +€9,625 | +3,519% |
| Tangible fixed assets | 22/27 | €274 | €9,899 | +€9,625 | +3,519% |
| Plant, machinery and equipment | 23 | €274 | - | -€274 | |
| Other tangible fixed assets | 26 | - | €5,535 | +€5,535 | |
| Assets under construction and advance payments | 27 | - | €4,364 | +€4,364 | |
| Current assets | 29/58 | €13,707 | €1,477 | -€12,230 | -89.2% |
| Amounts receivable within one year | 40/41 | €3,880 | €487 | -€3,393 | -87.5% |
| Trade receivables | 40 | €3,880 | - | -€3,880 | |
| Other amounts receivable | 41 | - | €487 | +€487 | |
| Cash at bank and in hand | 54/58 | €9,827 | €991 | -€8,837 | -89.9% |
| Total equity and liabilities | 10/49 | €13,981 | €11,376 | -€2,605 | -18.6% |
| Equity | 10/15 | €809 | -€796 | -€1,605 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,191 | -€5,796 | -€1,605 | -38.3% |
| Amounts payable | 17/49 | €13,172 | €12,171 | -€1,000 | -7.6% |
| Amounts payable within one year | 42/48 | €13,172 | €12,171 | -€1,000 | -7.6% |
| Trade debts | 44 | €3,352 | €108 | -€3,244 | -96.8% |
| Suppliers | 440/4 | €3,352 | €108 | -€3,244 | -96.8% |
| Taxes, remuneration and social security | 45 | €1,439 | - | -€1,439 | |
| Taxes | 450/3 | €1,439 | - | -€1,439 | |
| Other amounts payable | 47/48 | €8,380 | €12,063 | +€3,683 | +43.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €377 | €351 | -€27 | -7.1% |
| Gross operating margin | 9900 | €1,815 | -€1,223 | -€3,038 | |
| Operating profit (loss) | 9901 | €1,438 | -€1,573 | -€3,011 | |
| Financial income | 75/76B | €10 | - | -€10 | |
| Recurring financial income | 75 | €10 | - | -€10 | |
| Financial charges | 65/66B | €72 | €32 | -€41 | -56.3% |
| Recurring financial charges | 65 | €72 | €32 | -€41 | -56.3% |
| Profit (loss) for the period before taxes | 9903 | €1,376 | -€1,605 | -€2,980 | |
| Profit (loss) for the period | 9904 | €1,376 | -€1,605 | -€2,980 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,376 | -€1,605 | -€2,980 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.