DELMARENGO: 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.
DELMARENGO
Largest movements
- Receivables after one year +€120,000
up €120,000 (+23.1%), from €519,000 to €639,000
of which Trade receivables: +€639,000
- Stocks and contracts +€94,023
up €94,023 (+21.0%), from €448,230 to €542,253
- Tangible fixed assets -€85,199
down €85,199 (-13.9%), from €613,470 to €528,271
of which Plant, machinery and equipment: -€70,876
- Cash -€38,442
down €38,442 (-13.1%), from €293,767 to €255,325
mainly Receivables after one year (-€120,000) and Contributions, distributions and other (-€110,000)
- Receivables within one year +€22,783
up €22,783 (+49.2%), from €46,274 to €69,057
of which Other amounts receivable: +€31,240
- Trade debts +€89,397
up €89,397 (+10.4%), from €857,404 to €946,801
- Debts after one year -€62,080
down €62,080 (-13.4%), from €464,368 to €402,288
- Other debts +€60,000
up €60,000 (+120.0%), from €50,000 to €110,000
- Tax, wage and social debts +€31,402
up €31,402 (+22.9%), from €137,251 to €168,652
of which Taxes: +€21,455
- Turnover +€339,289
up €339,289 (+4.0%), from €8.5m to €8.8m
- Goods and materials +€304,197
up €304,197 (+4.3%), from €7.0m to €7.3m
of which Purchases: +€368,315
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,931,140 | €2,043,426 | +€112,286 | +5.8% |
| Fixed assets | 21/28 | €614,203 | €529,004 | -€85,199 | -13.9% |
| Tangible fixed assets | 22/27 | €613,470 | €528,271 | -€85,199 | -13.9% |
| Plant, machinery and equipment | 23 | €584,139 | €513,262 | -€70,876 | -12.1% |
| Other tangible fixed assets | 26 | €29,331 | €15,008 | -€14,323 | -48.8% |
| Financial fixed assets | 28 | €733 | €733 | = | 0.0% |
| Other financial fixed assets | 284/8 | €733 | €733 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €733 | €733 | = | 0.0% |
| Current assets | 29/58 | €1,316,937 | €1,514,422 | +€197,485 | +15.0% |
| Amounts receivable after more than one year | 29 | €519,000 | €639,000 | +€120,000 | +23.1% |
| Trade receivables | 290 | - | €639,000 | +€639,000 | |
| Other amounts receivable | 291 | €519,000 | - | -€519,000 | |
| Stocks and contracts in progress | 3 | €448,230 | €542,253 | +€94,023 | +21.0% |
| Stocks | 30/36 | €448,230 | €542,253 | +€94,023 | +21.0% |
| Goods purchased for resale | 34 | €448,230 | €542,253 | +€94,023 | +21.0% |
| Amounts receivable within one year | 40/41 | €46,274 | €69,057 | +€22,783 | +49.2% |
| Trade receivables | 40 | €35,263 | €26,806 | -€8,457 | -24.0% |
| Other amounts receivable | 41 | €11,011 | €42,251 | +€31,240 | +283.7% |
| Cash at bank and in hand | 54/58 | €293,767 | €255,325 | -€38,442 | -13.1% |
| Deferred charges and accrued income | 490/1 | €9,666 | €8,787 | -€879 | -9.1% |
| Total equity and liabilities | 10/49 | €1,931,140 | €2,043,426 | +€112,286 | +5.8% |
| Equity | 10/15 | €275,459 | €273,962 | -€1,496 | -0.5% |
| Contributions | 10/11 | €247,894 | €247,894 | = | 0.0% |
| Capital | 10 | €247,894 | €247,894 | = | 0.0% |
| Issued capital | 100 | €247,894 | €247,894 | = | 0.0% |
| Reserves | 13 | €24,789 | €24,789 | = | 0.0% |
| Non-distributable reserves | 130/1 | €24,789 | €24,789 | = | 0.0% |
| Legal reserve | 130 | €24,789 | €24,789 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,776 | €1,279 | -€1,496 | -53.9% |
| Amounts payable | 17/49 | €1,655,682 | €1,769,464 | +€113,782 | +6.9% |
| Amounts payable after more than one year | 17 | €464,368 | €402,288 | -€62,080 | -13.4% |
| Financial debts | 170/4 | €464,368 | €402,288 | -€62,080 | -13.4% |
| Credit institutions | 173 | €464,368 | €402,288 | -€62,080 | -13.4% |
| Amounts payable within one year | 42/48 | €1,183,875 | €1,366,216 | +€182,341 | +15.4% |
| Current portion of amounts payable after more than one year | 42 | €139,220 | €134,146 | -€5,074 | -3.6% |
| Financial debts | 43 | - | €6,616 | +€6,616 | |
| Credit institutions | 430/8 | - | €6,616 | +€6,616 | |
| Trade debts | 44 | €857,404 | €946,801 | +€89,397 | +10.4% |
| Suppliers | 440/4 | €857,404 | €946,801 | +€89,397 | +10.4% |
| Taxes, remuneration and social security | 45 | €137,251 | €168,652 | +€31,402 | +22.9% |
| Taxes | 450/3 | €12,581 | €34,036 | +€21,455 | +170.5% |
| Remuneration and social security | 454/9 | €124,669 | €134,616 | +€9,947 | +8.0% |
| Other amounts payable | 47/48 | €50,000 | €110,000 | +€60,000 | +120.0% |
| Accrued charges and deferred income | 492/3 | €7,439 | €960 | -€6,479 | -87.1% |
| Operating income | 70/76A | €8,510,109 | €8,839,380 | +€329,271 | +3.9% |
| Turnover | 70 | €8,458,147 | €8,797,437 | +€339,289 | +4.0% |
| Other operating income | 74 | €51,962 | €41,944 | -€10,018 | -19.3% |
| Operating charges | 60/66A | €8,402,723 | €8,642,451 | +€239,728 | +2.9% |
| Goods for resale, raw materials and consumables | 60 | €6,994,288 | €7,298,484 | +€304,197 | +4.3% |
| Purchases | 600/8 | €7,024,192 | €7,392,507 | +€368,315 | +5.2% |
| Change in stocks: decrease (increase) | 609 | -€29,904 | -€94,023 | -€64,119 | -214.4% |
| Services and other goods | 61 | €604,466 | €601,272 | -€3,195 | -0.5% |
| Remuneration, social security and pensions | 62 | €694,920 | €653,496 | -€41,425 | -6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €90,718 | €85,199 | -€5,519 | -6.1% |
| Other operating charges | 640/8 | €18,331 | €4,000 | -€14,330 | -78.2% |
| Operating profit (loss) | 9901 | €107,386 | €196,929 | +€89,543 | +83.4% |
| Financial charges | 65/66B | €49,269 | €49,110 | -€159 | -0.3% |
| Recurring financial charges | 65 | €49,269 | €49,110 | -€159 | -0.3% |
| Debt charges | 650 | €29,934 | €27,033 | -€2,901 | -9.7% |
| Other financial charges | 652/9 | €19,336 | €22,077 | +€2,742 | +14.2% |
| Profit (loss) for the period before taxes | 9903 | €58,117 | €147,819 | +€89,702 | +154.3% |
| Income taxes | 67/77 | €15,494 | €39,315 | +€23,821 | +153.7% |
| Taxes | 670/3 | €15,494 | €39,315 | +€23,821 | +153.7% |
| Profit (loss) for the period | 9904 | €42,623 | €108,504 | +€65,881 | +154.6% |
| Profit (loss) for the period to be appropriated | 9905 | €42,623 | €108,504 | +€65,881 | +154.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.