DELMO PROJECTS: 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 PROJECTS
Largest movements
- Tangible fixed assets -€151,272
down €151,272 (-9.6%), from €1.6m to €1.4m
of which Furniture and vehicles: -€78,407
- Current investments -€30,000
no longer reported in 2025 (was €30,000)
- Receivables within one year +€27,063
up €27,063 (+45.9%), from €58,948 to €86,011
of which Other amounts receivable: +€18,848
- Debts after one year -€105,371
down €105,371 (-20.9%), from €505,049 to €399,678
- Reserves -€89,232
down €89,232 (-8.8%), from €1.0m to €929,337
of which Distributable reserves: -€89,232
- Other debts +€49,534
up €49,534 (+612.8%), from €8,083 to €57,618
- Gross operating margin -€324,184
down €324,184 (-87.4%), from €370,863 to €46,679
- Depreciation -€146,139
down €146,139 (-58.9%), from €248,152 to €102,013
- Taxes -€18,815
down €18,815 (-98.6%), from €19,076 to €261
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 | €1,676,133 | €1,521,651 | -€154,482 | -9.2% |
| Fixed assets | 21/28 | €1,581,068 | €1,429,797 | -€151,272 | -9.6% |
| Tangible fixed assets | 22/27 | €1,581,068 | €1,429,797 | -€151,272 | -9.6% |
| Land and buildings | 22 | €1,383,741 | €1,318,427 | -€65,314 | -4.7% |
| Plant, machinery and equipment | 23 | €19,296 | €11,745 | -€7,551 | -39.1% |
| Furniture and vehicles | 24 | €178,032 | €99,625 | -€78,407 | -44.0% |
| Current assets | 29/58 | €95,065 | €91,854 | -€3,211 | -3.4% |
| Amounts receivable within one year | 40/41 | €58,948 | €86,011 | +€27,063 | +45.9% |
| Trade receivables | 40 | - | €8,215 | +€8,215 | |
| Other amounts receivable | 41 | €58,948 | €77,796 | +€18,848 | +32.0% |
| Current investments | 50/53 | €30,000 | - | -€30,000 | |
| Cash at bank and in hand | 54/58 | €336 | €64 | -€272 | -80.9% |
| Deferred charges and accrued income | 490/1 | €5,781 | €5,779 | -€2 | 0.0% |
| Total equity and liabilities | 10/49 | €1,676,133 | €1,521,651 | -€154,482 | -9.2% |
| Equity | 10/15 | €1,039,029 | €949,797 | -€89,232 | -8.6% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €1,018,569 | €929,337 | -€89,232 | -8.8% |
| Tax-exempt reserves | 132 | €47,500 | €47,500 | = | 0.0% |
| Distributable reserves | 133 | €971,069 | €881,837 | -€89,232 | -9.2% |
| Amounts payable | 17/49 | €637,104 | €571,854 | -€65,250 | -10.2% |
| Amounts payable after more than one year | 17 | €505,049 | €399,678 | -€105,371 | -20.9% |
| Financial debts | 170/4 | €505,049 | €399,678 | -€105,371 | -20.9% |
| Amounts payable within one year | 42/48 | €132,054 | €172,175 | +€40,121 | +30.4% |
| Current portion of amounts payable after more than one year | 42 | €105,397 | €106,204 | +€807 | +0.8% |
| Trade debts | 44 | €18,130 | €5,804 | -€12,326 | -68.0% |
| Suppliers | 440/4 | €18,130 | €5,804 | -€12,326 | -68.0% |
| Taxes, remuneration and social security | 45 | €444 | €2,549 | +€2,105 | +473.9% |
| Taxes | 450/3 | €444 | €2,549 | +€2,105 | +473.9% |
| Other amounts payable | 47/48 | €8,083 | €57,618 | +€49,534 | +612.8% |
| Non-recurring operating income | 76A | - | €39 | +€39 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €248,152 | €102,013 | -€146,139 | -58.9% |
| Other operating charges | 640/8 | €19,775 | €17,415 | -€2,360 | -11.9% |
| Non-recurring operating charges | 66A | - | €8,427 | +€8,427 | |
| Gross operating margin | 9900 | €370,863 | €46,679 | -€324,184 | -87.4% |
| Operating profit (loss) | 9901 | €102,936 | -€81,175 | -€184,111 | |
| Financial income | 75/76B | €1,718 | €2,898 | +€1,180 | +68.7% |
| Recurring financial income | 75 | €1,718 | €2,898 | +€1,180 | +68.7% |
| Financial charges | 65/66B | €12,688 | €10,694 | -€1,994 | -15.7% |
| Recurring financial charges | 65 | €12,688 | €10,694 | -€1,994 | -15.7% |
| Profit (loss) for the period before taxes | 9903 | €91,966 | -€88,972 | -€180,937 | |
| Income taxes | 67/77 | €19,076 | €261 | -€18,815 | -98.6% |
| Profit (loss) for the period | 9904 | €72,890 | -€89,232 | -€162,122 | |
| Profit (loss) for the period to be appropriated | 9905 | €72,890 | -€89,232 | -€162,122 |
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 8 October 2026 via checked.be.