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.
Delmo
Largest movements
- Tangible fixed assets -€74,468
down €74,468 (-9.4%), from €796,334 to €721,865
of which Other tangible fixed assets: -€57,237
- Cash -€55,020
down €55,020 (-54.1%), from €101,775 to €46,755
mainly Net result for the year (-€324,875) and Debts after one year (-€112,828)
- Receivables within one year -€19,158
down €19,158 (-10.9%), from €176,011 to €156,852
of which Other amounts receivable: -€23,466
- Profit (loss) carried forward -€324,875
down €324,875 (-37.6%), from -€863,853 to -€1.2m
- Trade debts +€248,387
up €248,387 (+18.1%), from €1.4m to €1.6m
- Debts after one year -€112,828
down €112,828 (-16.6%), from €679,516 to €566,689
- Other debts +€16,969
up €16,969 (+149.0%), from €11,389 to €28,358
- Gross operating margin -€245,202
down €245,202 (-57.9%), from €423,564 to €178,362
- Staff costs +€65,077
up €65,077 (+20.4%), from €318,246 to €383,324
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 | €1,365,746 | €1,211,894 | -€153,852 | -11.3% |
| Fixed assets | 21/28 | €796,334 | €723,365 | -€72,968 | -9.2% |
| Tangible fixed assets | 22/27 | €796,334 | €721,865 | -€74,468 | -9.4% |
| Plant, machinery and equipment | 23 | €197,048 | €177,433 | -€19,615 | -10.0% |
| Furniture and vehicles | 24 | €571 | €2,954 | +€2,384 | +417.8% |
| Other tangible fixed assets | 26 | €598,715 | €541,477 | -€57,237 | -9.6% |
| Financial fixed assets | 28 | - | €1,500 | +€1,500 | |
| Current assets | 29/58 | €569,413 | €488,529 | -€80,884 | -14.2% |
| Stocks and contracts in progress | 3 | €290,457 | €282,520 | -€7,938 | -2.7% |
| Stocks | 30/36 | €290,457 | €282,520 | -€7,938 | -2.7% |
| Amounts receivable within one year | 40/41 | €176,011 | €156,852 | -€19,158 | -10.9% |
| Trade receivables | 40 | €30,327 | €34,634 | +€4,307 | +14.2% |
| Other amounts receivable | 41 | €145,684 | €122,218 | -€23,466 | -16.1% |
| Cash at bank and in hand | 54/58 | €101,775 | €46,755 | -€55,020 | -54.1% |
| Deferred charges and accrued income | 490/1 | €1,170 | €2,402 | +€1,232 | +105.4% |
| Total equity and liabilities | 10/49 | €1,365,746 | €1,211,894 | -€153,852 | -11.3% |
| Equity | 10/15 | -€853,853 | -€1,178,728 | -€324,875 | -38.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€863,853 | -€1,188,728 | -€324,875 | -37.6% |
| Amounts payable | 17/49 | €2,219,600 | €2,390,623 | +€171,023 | +7.7% |
| Amounts payable after more than one year | 17 | €679,516 | €566,689 | -€112,828 | -16.6% |
| Financial debts | 170/4 | €679,516 | €566,689 | -€112,828 | -16.6% |
| Amounts payable within one year | 42/48 | €1,540,084 | €1,823,934 | +€283,851 | +18.4% |
| Current portion of amounts payable after more than one year | 42 | €111,450 | €112,828 | +€1,377 | +1.2% |
| Trade debts | 44 | €1,374,593 | €1,622,981 | +€248,387 | +18.1% |
| Suppliers | 440/4 | €1,374,593 | €1,622,981 | +€248,387 | +18.1% |
| Advances received on contracts in progress | 46 | - | €5,117 | +€5,117 | |
| Taxes, remuneration and social security | 45 | €42,651 | €54,651 | +€12,000 | +28.1% |
| Taxes | 450/3 | €1,612 | €363 | -€1,249 | -77.5% |
| Remuneration and social security | 454/9 | €41,039 | €54,288 | +€13,249 | +32.3% |
| Other amounts payable | 47/48 | €11,389 | €28,358 | +€16,969 | +149.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €318,246 | €383,324 | +€65,077 | +20.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €86,497 | €89,324 | +€2,827 | +3.3% |
| Other operating charges | 640/8 | €14,204 | €15,126 | +€922 | +6.5% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €423,564 | €178,362 | -€245,202 | -57.9% |
| Operating profit (loss) | 9901 | €4,617 | -€309,411 | -€314,029 | |
| Financial income | 75/76B | €2,843 | €942 | -€1,901 | -66.9% |
| Recurring financial income | 75 | €2,843 | €942 | -€1,901 | -66.9% |
| Financial charges | 65/66B | €13,066 | €16,216 | +€3,150 | +24.1% |
| Recurring financial charges | 65 | €13,066 | €16,216 | +€3,150 | +24.1% |
| Profit (loss) for the period before taxes | 9903 | -€5,605 | -€324,685 | -€319,080 | -5692.6% |
| Income taxes | 67/77 | €190 | €190 | +€0 | +0.2% |
| Profit (loss) for the period | 9904 | -€5,795 | -€324,875 | -€319,080 | -5506.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,795 | -€324,875 | -€319,080 | -5506.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.