DELMARIN: 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.
DELMARIN
Largest movements
- Current investments +€210,000
up €210,000 (+415.1%), from €50,592 to €260,592
- Cash -€113,315
down €113,315 (-74.3%), from €152,591 to €39,275
mainly Current investments (-€210,000) and Investment in fixed assets (net) (-€10,333)
- Receivables within one year -€92,375
down €92,375 (-79.9%), from €115,648 to €23,273
of which Other amounts receivable: -€95,017
- Tangible fixed assets -€17,657
down €17,657 (-8.7%), from €202,500 to €184,843
of which Furniture and vehicles: -€9,162
- Current portion of long-term debt -€7,231
down €7,231 (-66.4%), from €10,892 to €3,661
- Gross operating margin -€27,937
down €27,937 (-51.3%), from €54,419 to €26,482
- Taxes -€5,535
down €5,535 (-96.5%), from €5,736 to €201
- Depreciation -€2,498
down €2,498 (-8.2%), from €30,488 to €27,989
- Other operating charges -€2,399
down €2,399 (-29.1%), from €8,244 to €5,844
- Financial income +€1,495
up €1,495 (+50.8%), from €2,942 to €4,437
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.
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.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €523,450 | €510,226 | -€13,224 | -2.5% |
| Fixed assets | 21/28 | €202,500 | €184,843 | -€17,657 | -8.7% |
| Tangible fixed assets | 22/27 | €202,500 | €184,843 | -€17,657 | -8.7% |
| Land and buildings | 22 | €173,835 | €165,340 | -€8,495 | -4.9% |
| Furniture and vehicles | 24 | €28,665 | €19,503 | -€9,162 | -32.0% |
| Current assets | 29/58 | €320,950 | €325,383 | +€4,433 | +1.4% |
| Amounts receivable within one year | 40/41 | €115,648 | €23,273 | -€92,375 | -79.9% |
| Trade receivables | 40 | - | €2,643 | +€2,643 | |
| Other amounts receivable | 41 | €115,648 | €20,631 | -€95,017 | -82.2% |
| Current investments | 50/53 | €50,592 | €260,592 | +€210,000 | +415.1% |
| Cash at bank and in hand | 54/58 | €152,591 | €39,275 | -€113,315 | -74.3% |
| Deferred charges and accrued income | 490/1 | €2,119 | €2,242 | +€123 | +5.8% |
| Total equity and liabilities | 10/49 | €523,450 | €510,226 | -€13,224 | -2.5% |
| Equity | 10/15 | €506,478 | €503,167 | -€3,311 | -0.7% |
| Contributions | 10/11 | €97,918 | €97,918 | = | 0.0% |
| Capital | 10 | €97,918 | €97,918 | = | 0.0% |
| Issued capital | 100 | €97,918 | €97,918 | = | 0.0% |
| Reserves | 13 | €130,873 | €130,873 | = | 0.0% |
| Non-distributable reserves | 130/1 | €9,792 | €9,792 | = | 0.0% |
| Legal reserve | 130 | €9,792 | €9,792 | = | 0.0% |
| Distributable reserves | 133 | €121,081 | €121,081 | = | 0.0% |
| Profit (loss) carried forward | 14 | €277,688 | €274,377 | -€3,311 | -1.2% |
| Amounts payable | 17/49 | €16,972 | €7,059 | -€9,912 | -58.4% |
| Amounts payable after more than one year | 17 | €3,661 | €0 | -€3,661 | -100.0% |
| Financial debts | 170/4 | €3,661 | €0 | -€3,661 | -100.0% |
| Amounts payable within one year | 42/48 | €13,310 | €7,059 | -€6,251 | -47.0% |
| Current portion of amounts payable after more than one year | 42 | €10,892 | €3,661 | -€7,231 | -66.4% |
| Trade debts | 44 | €2,419 | €3,398 | +€979 | +40.5% |
| Suppliers | 440/4 | €2,419 | €3,398 | +€979 | +40.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,488 | €27,989 | -€2,498 | -8.2% |
| Other operating charges | 640/8 | €8,244 | €5,844 | -€2,399 | -29.1% |
| Gross operating margin | 9900 | €54,419 | €26,482 | -€27,937 | -51.3% |
| Operating profit (loss) | 9901 | €15,688 | -€7,351 | -€23,040 | |
| Financial income | 75/76B | €2,942 | €4,437 | +€1,495 | +50.8% |
| Recurring financial income | 75 | €2,942 | €4,437 | +€1,495 | +50.8% |
| Financial charges | 65/66B | €301 | €196 | -€105 | -35.0% |
| Recurring financial charges | 65 | €301 | €196 | -€105 | -35.0% |
| Profit (loss) for the period before taxes | 9903 | €18,329 | -€3,110 | -€21,439 | |
| Income taxes | 67/77 | €5,736 | €201 | -€5,535 | -96.5% |
| Profit (loss) for the period | 9904 | €12,592 | -€3,311 | -€15,904 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,592 | -€3,311 | -€15,904 |
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 6 October 2026 via checked.be.