DELSA: 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.
DELSA
Largest movements
- Cash +€5,554
up €5,554 (+27.8%), from €20,007 to €25,561
mainly Trade debts (+€4,745) and Receivables within one year (+€4,431)
- Receivables within one year -€4,431
down €4,431 (-52.3%), from €8,466 to €4,035
of which Trade receivables: -€4,431
- Tangible fixed assets -€2,227
down €2,227 (-24.9%), from €8,935 to €6,709
of which Furniture and vehicles: -€2,208
- Trade debts +€4,745
up €4,745 (+1,407%), from €337 to €5,082
- Profit (loss) carried forward -€3,816
down €3,816 (-20.0%), from €19,082 to €15,266
- Tax, wage and social debts -€2,476
down €2,476 (-70.0%), from €3,537 to €1,061
of which Taxes: -€2,476
- Gross operating margin -€7,469
down €7,469 (-87.4%), from €8,545 to €1,077
- Taxes -€2,484
down €2,484 (-100%), from €2,484 to €0
- Depreciation -€495
down €495 (-12.3%), from €4,036 to €3,541
- Financial charges -€136
down €136 (-21.5%), from €635 to €499
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.
Derived cash bridge
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 | €37,790 | €36,354 | -€1,436 | -3.8% |
| Fixed assets | 21/28 | €8,985 | €6,759 | -€2,227 | -24.8% |
| Tangible fixed assets | 22/27 | €8,935 | €6,709 | -€2,227 | -24.9% |
| Furniture and vehicles | 24 | €8,917 | €6,709 | -€2,208 | -24.8% |
| Other tangible fixed assets | 26 | €18 | €0 | -€18 | -100% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €28,805 | €29,595 | +€791 | +2.7% |
| Amounts receivable within one year | 40/41 | €8,466 | €4,035 | -€4,431 | -52.3% |
| Trade receivables | 40 | €8,466 | €4,035 | -€4,431 | -52.3% |
| Other amounts receivable | 41 | - | €0 | = | |
| Cash at bank and in hand | 54/58 | €20,007 | €25,561 | +€5,554 | +27.8% |
| Deferred charges and accrued income | 490/1 | €332 | €0 | -€332 | -100% |
| Total equity and liabilities | 10/49 | €37,790 | €36,354 | -€1,436 | -3.8% |
| Equity | 10/15 | €25,447 | €21,631 | -€3,816 | -15.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €165 | €165 | = | 0.0% |
| Non-distributable reserves | 130/1 | €165 | €165 | = | 0.0% |
| Reserves not available under the articles | 1311 | €165 | €165 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,082 | €15,266 | -€3,816 | -20.0% |
| Amounts payable | 17/49 | €12,343 | €14,724 | +€2,380 | +19.3% |
| Amounts payable within one year | 42/48 | €12,343 | €14,724 | +€2,380 | +19.3% |
| Trade debts | 44 | €337 | €5,082 | +€4,745 | +1,407% |
| Suppliers | 440/4 | €337 | €5,082 | +€4,745 | +1,407% |
| Taxes, remuneration and social security | 45 | €3,537 | €1,061 | -€2,476 | -70.0% |
| Taxes | 450/3 | €3,537 | €1,061 | -€2,476 | -70.0% |
| Remuneration and social security | 454/9 | - | €0 | = | |
| Other amounts payable | 47/48 | €8,469 | €8,581 | +€112 | +1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,036 | €3,541 | -€495 | -12.3% |
| Other operating charges | 640/8 | €886 | €858 | -€28 | -3.1% |
| Gross operating margin | 9900 | €8,545 | €1,077 | -€7,469 | -87.4% |
| Operating profit (loss) | 9901 | €3,624 | -€3,322 | -€6,946 | |
| Financial income | 75/76B | €4 | €5 | +€1 | +35.4% |
| Recurring financial income | 75 | €4 | €5 | +€1 | +35.4% |
| Financial charges | 65/66B | €635 | €499 | -€136 | -21.5% |
| Recurring financial charges | 65 | €635 | €499 | -€136 | -21.5% |
| Profit (loss) for the period before taxes | 9903 | €2,992 | -€3,816 | -€6,808 | |
| Income taxes | 67/77 | €2,484 | €0 | -€2,484 | -100% |
| Profit (loss) for the period | 9904 | €508 | -€3,816 | -€4,324 | |
| Profit (loss) for the period to be appropriated | 9905 | €508 | -€3,816 | -€4,324 |
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 17 October 2026 via checked.be.