DELNIC: 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.
DELNIC
Largest movements
- Financial fixed assets +€5.5m
up €5.5m (+457.3%), from €1.2m to €6.7m
- Cash +€99,749
up €99,749 (+94.8%), from €105,205 to €204,953
mainly Contributions, distributions and other (+€5.5m) and Net result for the year (+€141,265)
- Revaluation surpluses +€5.5m
new in 2025: €5.5m
- Reserves +€110,260
up €110,260 (+16.8%), from €655,732 to €765,992
- Turnover -€27,500
down €27,500 (-7.1%), from €385,000 to €357,500
- Taxes -€24,031
down €24,031 (-32.7%), from €73,463 to €49,431
- Other operating income -€14,304
down €14,304 (-79.6%), from €17,977 to €3,673
- Financial charges -€5,596
down €5,596 (-10.0%), from €56,110 to €50,515
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 | €1,445,888 | €7,001,885 | +€5.6m | +384.3% |
| Fixed assets | 21/28 | €1,201,927 | €6,697,357 | +€5.5m | +457.2% |
| Tangible fixed assets | 22/27 | €1,927 | €9,743 | +€7,816 | +405.6% |
| Plant, machinery and equipment | 23 | €1,494 | €8,493 | +€6,999 | +468.5% |
| Furniture and vehicles | 24 | €433 | €1,250 | +€817 | +188.7% |
| Financial fixed assets | 28 | €1,200,000 | €6,687,614 | +€5.5m | +457.3% |
| Affiliated companies | 280/1 | €1,200,000 | €6,687,614 | +€5.5m | +457.3% |
| Participating interests | 280 | €1,200,000 | €6,687,614 | +€5.5m | +457.3% |
| Current assets | 29/58 | €243,961 | €304,529 | +€60,568 | +24.8% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €135,475 | €96,119 | -€39,356 | -29.1% |
| Trade receivables | 40 | €98,050 | €70,550 | -€27,500 | -28.0% |
| Other amounts receivable | 41 | €37,425 | €25,569 | -€11,856 | -31.7% |
| Cash at bank and in hand | 54/58 | €105,205 | €204,953 | +€99,749 | +94.8% |
| Deferred charges and accrued income | 490/1 | €3,282 | €3,457 | +€175 | +5.3% |
| Total equity and liabilities | 10/49 | €1,445,888 | €7,001,885 | +€5.6m | +384.3% |
| Equity | 10/15 | €695,732 | €6,293,606 | +€5.6m | +804.6% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Revaluation surpluses | 12 | - | €5,487,614 | +€5.5m | |
| Reserves | 13 | €655,732 | €765,992 | +€110,260 | +16.8% |
| Distributable reserves | 133 | €655,732 | €765,992 | +€110,260 | +16.8% |
| Amounts payable | 17/49 | €750,156 | €708,279 | -€41,877 | -5.6% |
| Amounts payable after more than one year | 17 | €632,000 | €632,000 | = | 0.0% |
| Financial debts | 170/4 | €0 | - | = | |
| Other loans | 174 | €0 | - | = | |
| Other amounts payable | 178/9 | €632,000 | €632,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €111,269 | €31,259 | -€80,010 | -71.9% |
| Trade debts | 44 | €1,460 | €482 | -€978 | -67.0% |
| Suppliers | 440/4 | €1,460 | €482 | -€978 | -67.0% |
| Taxes, remuneration and social security | 45 | €60,008 | €28,602 | -€31,406 | -52.3% |
| Taxes | 450/3 | €60,008 | €28,602 | -€31,406 | -52.3% |
| Other amounts payable | 47/48 | €49,801 | €2,175 | -€47,626 | -95.6% |
| Accrued charges and deferred income | 492/3 | €6,887 | €45,021 | +€38,133 | +553.7% |
| Operating income | 70/76A | €402,977 | €361,173 | -€41,804 | -10.4% |
| Turnover | 70 | €385,000 | €357,500 | -€27,500 | -7.1% |
| Other operating income | 74 | €17,977 | €3,673 | -€14,304 | -79.6% |
| Operating charges | 60/66A | €119,606 | €119,962 | +€357 | +0.3% |
| Services and other goods | 61 | €116,675 | €117,374 | +€700 | +0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,302 | €971 | -€331 | -25.4% |
| Other operating charges | 640/8 | €1,629 | €1,617 | -€12 | -0.7% |
| Operating profit (loss) | 9901 | €283,371 | €241,211 | -€42,161 | -14.9% |
| Financial charges | 65/66B | €56,110 | €50,515 | -€5,596 | -10.0% |
| Recurring financial charges | 65 | €56,110 | €50,515 | -€5,596 | -10.0% |
| Debt charges | 650 | €55,662 | €50,053 | -€5,609 | -10.1% |
| Other financial charges | 652/9 | €448 | €461 | +€13 | +2.9% |
| Profit (loss) for the period before taxes | 9903 | €227,261 | €190,696 | -€36,565 | -16.1% |
| Income taxes | 67/77 | €73,463 | €49,431 | -€24,031 | -32.7% |
| Taxes | 670/3 | €73,463 | €49,431 | -€24,031 | -32.7% |
| Profit (loss) for the period | 9904 | €153,798 | €141,265 | -€12,533 | -8.1% |
| Profit (loss) for the period to be appropriated | 9905 | €153,798 | €141,265 | -€12,533 | -8.1% |
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 9 October 2026 via checked.be.