Delmi: 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.
Delmi
Largest movements
- Receivables within one year -€32,288
down €32,288 (-17.1%), from €189,020 to €156,732
of which Trade receivables: -€35,084
- Tangible fixed assets -€8,817
down €8,817 (-36.0%), from €24,500 to €15,683
of which Plant, machinery and equipment: -€8,458
- Cash +€4,099
up €4,099 (+1482.8%), from €276 to €4,376
mainly Trade debts (+€33,093) and Receivables within one year (+€32,288)
- Reserves -€146,743
down €146,743 (-64.5%), from €227,409 to €80,667
of which Distributable reserves: -€146,743
- Profit (loss) carried forward +€50,689
no longer reported in 2025 (was -€50,689)
- Trade debts +€33,093
up €33,093 (+60.2%), from €54,943 to €88,036
- Tax, wage and social debts +€30,538
up €30,538 (+151.8%), from €20,114 to €50,652
of which Taxes: +€15,315
- Gross operating margin -€106,528
down €106,528 (-58.7%), from €181,623 to €75,095
- Other operating charges +€11,612
up €11,612 (+801.5%), from €1,449 to €13,061
- Staff costs +€8,882
up €8,882 (+6.8%), from €130,694 to €139,576
- Depreciation -€4,610
down €4,610 (-34.3%), from €13,427 to €8,817
- Financial charges -€2,180
down €2,180 (-16.8%), from €12,987 to €10,807
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.
Cash bridge derived
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 | €388,655 | €353,623 | -€35,032 | -9.0% |
| Fixed assets | 21/28 | €49,500 | €40,683 | -€8,817 | -17.8% |
| Tangible fixed assets | 22/27 | €24,500 | €15,683 | -€8,817 | -36.0% |
| Land and buildings | 22 | €1,349 | €990 | -€359 | -26.6% |
| Plant, machinery and equipment | 23 | €23,151 | €14,694 | -€8,458 | -36.5% |
| Financial fixed assets | 28 | €25,000 | €25,000 | = | 0.0% |
| Current assets | 29/58 | €339,155 | €312,939 | -€26,215 | -7.7% |
| Stocks and contracts in progress | 3 | €144,123 | €144,620 | +€497 | +0.3% |
| Stocks | 30/36 | €144,123 | €144,620 | +€497 | +0.3% |
| Amounts receivable within one year | 40/41 | €189,020 | €156,732 | -€32,288 | -17.1% |
| Trade receivables | 40 | €177,334 | €142,251 | -€35,084 | -19.8% |
| Other amounts receivable | 41 | €11,686 | €14,481 | +€2,796 | +23.9% |
| Cash at bank and in hand | 54/58 | €276 | €4,376 | +€4,099 | +1482.8% |
| Deferred charges and accrued income | 490/1 | €5,735 | €7,211 | +€1,477 | +25.7% |
| Total equity and liabilities | 10/49 | €388,655 | €353,623 | -€35,032 | -9.0% |
| Equity | 10/15 | €238,721 | €142,667 | -€96,054 | -40.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €227,409 | €80,667 | -€146,743 | -64.5% |
| Non-distributable reserves | 130/1 | €20,330 | €20,330 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €14,130 | €14,130 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,758 | €4,758 | = | 0.0% |
| Distributable reserves | 133 | €202,322 | €55,579 | -€146,743 | -72.5% |
| Profit (loss) carried forward | 14 | -€50,689 | - | +€50,689 | |
| Amounts payable | 17/49 | €149,934 | €210,956 | +€61,022 | +40.7% |
| Amounts payable within one year | 42/48 | €144,978 | €206,581 | +€61,603 | +42.5% |
| Financial debts | 43 | €69,920 | €67,893 | -€2,027 | -2.9% |
| Credit institutions | 430/8 | €69,920 | €67,893 | -€2,027 | -2.9% |
| Trade debts | 44 | €54,943 | €88,036 | +€33,093 | +60.2% |
| Suppliers | 440/4 | €54,943 | €88,036 | +€33,093 | +60.2% |
| Taxes, remuneration and social security | 45 | €20,114 | €50,652 | +€30,538 | +151.8% |
| Taxes | 450/3 | €3,383 | €18,698 | +€15,315 | +452.6% |
| Remuneration and social security | 454/9 | €16,731 | €31,954 | +€15,223 | +91.0% |
| Accrued charges and deferred income | 492/3 | €4,957 | €4,375 | -€582 | -11.7% |
| Remuneration, social security and pensions | 62 | €130,694 | €139,576 | +€8,882 | +6.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,427 | €8,817 | -€4,610 | -34.3% |
| Other operating charges | 640/8 | €1,449 | €13,061 | +€11,612 | +801.5% |
| Gross operating margin | 9900 | €181,623 | €75,095 | -€106,528 | -58.7% |
| Operating profit (loss) | 9901 | €36,053 | -€86,359 | -€122,412 | |
| Financial income | 75/76B | €2,673 | €1,112 | -€1,561 | -58.4% |
| Recurring financial income | 75 | €2,673 | €1,112 | -€1,561 | -58.4% |
| Financial charges | 65/66B | €12,987 | €10,807 | -€2,180 | -16.8% |
| Recurring financial charges | 65 | €12,987 | €10,807 | -€2,180 | -16.8% |
| Profit (loss) for the period before taxes | 9903 | €25,739 | -€96,054 | -€121,793 | |
| Profit (loss) for the period | 9904 | €25,739 | -€96,054 | -€121,793 | |
| Profit (loss) for the period to be appropriated | 9905 | €25,739 | -€96,054 | -€121,793 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.