Delmo: 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.
What changed
Delmo
NACE 82.920, Office administrative, office support and other business support activities
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€37,321
2024 · €25,821+€11,500
Equity
€701,905
2024 · €664,584+€37,321
Cash
€115,476
2024 · €122,952-€7,477
Balance sheet total
€1.3m
2024 · €1.3m+€1,293
Largest movements
Assets
- Current investments +€28,473
up €28,473 (+19.9%), from €143,333 to €171,807
- Tangible fixed assets -€14,325
down €14,325 (-1.4%), from €1.1m to €1.0m
of which Land and buildings: -€14,009
Equity and liabilities
- Profit (loss) carried forward +€37,321
up €37,321 (+8.5%), from -€436,901 to -€399,580
- Provisions -€28,724
down €28,724 (-7.5%), from €383,493 to €354,769
Income statement
- Financial charges -€9,874
down €9,874 (-40.8%), from €24,176 to €14,302
- Financial income +€1,750
up €1,750 (+20.3%), from €8,628 to €10,378
- Other operating charges +€1,225
up €1,225 (+5.2%), from €23,713 to €24,937
- Provisions -€903
down €903 (-3.2%), from -€27,821 to -€28,724
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.
Result 2024
€25,821
Gross operating margin
+€196
Depreciation
+€0
Provisions
+€903
Other operating charges
-€1,225
Financial income
+€1,750
Financial charges
+€9,874
Result 2025
€37,321
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.
From operations
+€20,997
Investment
-€28,473
Financing
€0
Cash 2024
€122,952
From operations (derived)
+€20,997
Net result for the year
+€37,321
Depreciation
+€14,325
Receivables within one year
+€5,434
Deferred charges and accrued income
-€56
Provisions
-€28,724
Trade debts
-€1,411
Other debts
-€5,302
Accrued charges and deferred income
-€590
Investment (derived)
-€28,473
Current investments
-€28,473
Cash 2025
€115,476
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,340,733 | €1,342,026 | +€1,293 | +0.1% |
| Fixed assets | 21/28 | €1,056,268 | €1,041,943 | -€14,325 | -1.4% |
| Tangible fixed assets | 22/27 | €1,056,268 | €1,041,943 | -€14,325 | -1.4% |
| Land and buildings | 22 | €1,055,701 | €1,041,692 | -€14,009 | -1.3% |
| Furniture and vehicles | 24 | €567 | €250 | -€316 | -55.8% |
| Current assets | 29/58 | €284,465 | €300,084 | +€15,619 | +5.5% |
| Amounts receivable within one year | 40/41 | €14,816 | €9,381 | -€5,434 | -36.7% |
| Trade receivables | 40 | €9,379 | €2,548 | -€6,831 | -72.8% |
| Other amounts receivable | 41 | €5,437 | €6,834 | +€1,396 | +25.7% |
| Current investments | 50/53 | €143,333 | €171,807 | +€28,473 | +19.9% |
| Cash at bank and in hand | 54/58 | €122,952 | €115,476 | -€7,477 | -6.1% |
| Deferred charges and accrued income | 490/1 | €3,364 | €3,420 | +€56 | +1.7% |
| Total equity and liabilities | 10/49 | €1,340,733 | €1,342,026 | +€1,293 | +0.1% |
| Equity | 10/15 | €664,584 | €701,905 | +€37,321 | +5.6% |
| Contributions | 10/11 | €860,785 | €860,785 | = | 0.0% |
| Capital | 10 | €860,785 | €860,785 | = | 0.0% |
| Issued capital | 100 | €860,785 | €860,785 | = | 0.0% |
| Revaluation surpluses | 12 | €79,922 | €79,922 | = | 0.0% |
| Reserves | 13 | €160,778 | €160,778 | = | 0.0% |
| Non-distributable reserves | 130/1 | €16,059 | €16,059 | = | 0.0% |
| Legal reserve | 130 | €16,059 | €16,059 | = | 0.0% |
| Distributable reserves | 133 | €144,720 | €144,720 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€436,901 | -€399,580 | +€37,321 | +8.5% |
| Provisions and deferred taxes | 16 | €383,493 | €354,769 | -€28,724 | -7.5% |
| Provisions for liabilities and charges | 160/5 | €383,493 | €354,769 | -€28,724 | -7.5% |
| Environmental obligations | 163 | €383,493 | €354,769 | -€28,724 | -7.5% |
| Amounts payable | 17/49 | €292,656 | €285,353 | -€7,303 | -2.5% |
| Amounts payable within one year | 42/48 | €259,326 | €252,613 | -€6,713 | -2.6% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €3,909 | €2,497 | -€1,411 | -36.1% |
| Suppliers | 440/4 | €3,909 | €2,497 | -€1,411 | -36.1% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €255,417 | €250,115 | -€5,302 | -2.1% |
| Accrued charges and deferred income | 492/3 | €33,330 | €32,740 | -€590 | -1.8% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,325 | €14,325 | -€0 | 0.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€27,821 | -€28,724 | -€903 | -3.2% |
| Other operating charges | 640/8 | €23,713 | €24,937 | +€1,225 | +5.2% |
| Gross operating margin | 9900 | €51,587 | €51,783 | +€196 | +0.4% |
| Operating profit (loss) | 9901 | €41,370 | €41,245 | -€125 | -0.3% |
| Financial income | 75/76B | €8,628 | €10,378 | +€1,750 | +20.3% |
| Recurring financial income | 75 | €8,628 | €10,378 | +€1,750 | +20.3% |
| Financial charges | 65/66B | €24,176 | €14,302 | -€9,874 | -40.8% |
| Recurring financial charges | 65 | €24,176 | €14,302 | -€9,874 | -40.8% |
| Profit (loss) for the period before taxes | 9903 | €25,821 | €37,321 | +€11,500 | +44.5% |
| Profit (loss) for the period | 9904 | €25,821 | €37,321 | +€11,500 | +44.5% |
| Profit (loss) for the period to be appropriated | 9905 | €25,821 | €37,321 | +€11,500 | +44.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.