DELNICS: 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.
DELNICS
Largest movements
- Receivables within one year -€37,638
down €37,638 (-73.4%), from €51,256 to €13,618
- Cash -€8,448
down €8,448 (-43.0%), from €19,644 to €11,196
mainly Other debts (-€33,491) and Net result for the year (-€8,183)
- Tangible fixed assets -€3,295
down €3,295 (-8.6%), from €38,184 to €34,889
- Other debts -€33,491
down €33,491 (-85.6%), from €39,138 to €5,647
- Profit (loss) carried forward -€8,183
down €8,183 (-46.5%), from €17,610 to €9,427
- Reserves -€5,945
down €5,945 (-18.7%), from €31,726 to €25,781
- Tax, wage and social debts -€1,763
down €1,763 (-85.6%), from €2,060 to €297
- Financial income -€1,274
down €1,274 (-42.0%), from €3,032 to €1,758
- Gross operating margin +€145
up €145 (+3.3%), from -€4,318 to -€4,174
- Other operating charges +€74
up €74 (+3.2%), from €2,315 to €2,389
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 | €109,084 | €59,702 | -€49,381 | -45.3% |
| Fixed assets | 21/28 | €38,184 | €34,889 | -€3,295 | -8.6% |
| Tangible fixed assets | 22/27 | €38,184 | €34,889 | -€3,295 | -8.6% |
| Land and buildings | 22 | €38,184 | €34,889 | -€3,295 | -8.6% |
| Current assets | 29/58 | €70,900 | €24,814 | -€46,086 | -65.0% |
| Amounts receivable within one year | 40/41 | €51,256 | €13,618 | -€37,638 | -73.4% |
| Other amounts receivable | 41 | €51,256 | €13,618 | -€37,638 | -73.4% |
| Cash at bank and in hand | 54/58 | €19,644 | €11,196 | -€8,448 | -43.0% |
| Total equity and liabilities | 10/49 | €109,084 | €59,702 | -€49,381 | -45.3% |
| Equity | 10/15 | €67,885 | €53,758 | -€14,128 | -20.8% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €31,726 | €25,781 | -€5,945 | -18.7% |
| Distributable reserves | 133 | €31,726 | €25,781 | -€5,945 | -18.7% |
| Profit (loss) carried forward | 14 | €17,610 | €9,427 | -€8,183 | -46.5% |
| Amounts payable | 17/49 | €41,198 | €5,945 | -€35,254 | -85.6% |
| Amounts payable within one year | 42/48 | €41,198 | €5,945 | -€35,254 | -85.6% |
| Taxes, remuneration and social security | 45 | €2,060 | €297 | -€1,763 | -85.6% |
| Taxes | 450/3 | €2,060 | €297 | -€1,763 | -85.6% |
| Other amounts payable | 47/48 | €39,138 | €5,647 | -€33,491 | -85.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,295 | €3,295 | = | 0.0% |
| Other operating charges | 640/8 | €2,315 | €2,389 | +€74 | +3.2% |
| Gross operating margin | 9900 | -€4,318 | -€4,174 | +€145 | +3.3% |
| Operating profit (loss) | 9901 | -€9,928 | -€9,857 | +€71 | +0.7% |
| Financial income | 75/76B | €3,032 | €1,758 | -€1,274 | -42.0% |
| Recurring financial income | 75 | €3,032 | €1,758 | -€1,274 | -42.0% |
| Financial charges | 65/66B | €97 | €84 | -€13 | -13.9% |
| Recurring financial charges | 65 | €97 | €84 | -€13 | -13.9% |
| Profit (loss) for the period before taxes | 9903 | -€6,993 | -€8,183 | -€1,190 | -17.0% |
| Profit (loss) for the period | 9904 | -€6,993 | -€8,183 | -€1,190 | -17.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,993 | -€8,183 | -€1,190 | -17.0% |
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 6 October 2026 via checked.be.