DELMO: 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.
DELMO
Largest movements
- Cash -€16,842
down €16,842 (-23.9%), from €70,407 to €53,565
mainly Net result for the year (-€23,265) and Investment in fixed assets (net) (-€5,954)
- Tangible fixed assets -€12,244
down €12,244 (-2.0%), from €604,866 to €592,623
of which Land and buildings: -€17,836
- Profit (loss) carried forward -€15,265
down €15,265, from €3,341 to -€11,925
- Reserves -€8,000
down €8,000 (-3.6%), from €220,206 to €212,206
- Financial charges -€9,912
down €9,912 (-35.4%), from €27,982 to €18,070
- Gross operating margin +€4,823
up €4,823 (+108.0%), from €4,467 to €9,290
- Other operating charges -€928
down €928 (-25.6%), from €3,627 to €2,699
- Depreciation +€362
up €362 (+2.0%), from €17,836 to €18,198
- Financial income -€210
down €210 (-5.3%), from €3,955 to €3,745
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 | €745,151 | €717,203 | -€27,948 | -3.8% |
| Fixed assets | 21/28 | €604,866 | €592,623 | -€12,244 | -2.0% |
| Tangible fixed assets | 22/27 | €604,866 | €592,623 | -€12,244 | -2.0% |
| Land and buildings | 22 | €604,866 | €587,031 | -€17,836 | -2.9% |
| Plant, machinery and equipment | 23 | - | €5,592 | +€5,592 | |
| Current assets | 29/58 | €140,284 | €124,580 | -€15,704 | -11.2% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €69,877 | €71,015 | +€1,138 | +1.6% |
| Trade receivables | 40 | €2,650 | €0 | -€2,650 | -100.0% |
| Other amounts receivable | 41 | €67,227 | €71,015 | +€3,788 | +5.6% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €70,407 | €53,565 | -€16,842 | -23.9% |
| Total equity and liabilities | 10/49 | €745,151 | €717,203 | -€27,948 | -3.8% |
| Equity | 10/15 | €230,152 | €206,887 | -€23,265 | -10.1% |
| Contributions | 10/11 | €6,605 | €6,605 | = | 0.0% |
| Reserves | 13 | €220,206 | €212,206 | -€8,000 | -3.6% |
| Tax-exempt reserves | 132 | €220,206 | €212,206 | -€8,000 | -3.6% |
| Profit (loss) carried forward | 14 | €3,341 | -€11,925 | -€15,265 | |
| Provisions and deferred taxes | 16 | €69,783 | €67,116 | -€2,667 | -3.8% |
| Deferred taxes | 168 | €69,783 | €67,116 | -€2,667 | -3.8% |
| Amounts payable | 17/49 | €445,216 | €443,200 | -€2,016 | -0.5% |
| Amounts payable after more than one year | 17 | €443,200 | €443,200 | = | 0.0% |
| Financial debts | 170/4 | €443,200 | €443,200 | = | 0.0% |
| Amounts payable within one year | 42/48 | €2,016 | €0 | -€2,016 | -100.0% |
| Trade debts | 44 | €1,987 | €0 | -€1,987 | -100.0% |
| Suppliers | 440/4 | €1,987 | €0 | -€1,987 | -100.0% |
| Taxes, remuneration and social security | 45 | €29 | €0 | -€29 | -100.0% |
| Taxes | 450/3 | €29 | €0 | -€29 | -100.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,836 | €18,198 | +€362 | +2.0% |
| Other operating charges | 640/8 | €3,627 | €2,699 | -€928 | -25.6% |
| Gross operating margin | 9900 | €4,467 | €9,290 | +€4,823 | +108.0% |
| Operating profit (loss) | 9901 | -€16,996 | -€11,606 | +€5,390 | +31.7% |
| Financial income | 75/76B | €3,955 | €3,745 | -€210 | -5.3% |
| Recurring financial income | 75 | €3,955 | €3,745 | -€210 | -5.3% |
| Financial charges | 65/66B | €27,982 | €18,070 | -€9,912 | -35.4% |
| Recurring financial charges | 65 | €27,982 | €18,070 | -€9,912 | -35.4% |
| Profit (loss) for the period before taxes | 9903 | -€41,024 | -€25,932 | +€15,092 | +36.8% |
| Transfer from deferred taxes | 780 | €2,667 | €2,667 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€38,357 | -€23,265 | +€15,092 | +39.3% |
| Transfer from tax-exempt reserves | 789 | €8,000 | €8,000 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€30,357 | -€15,265 | +€15,092 | +49.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.