DELSACO: 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.
DELSACO
Largest movements
- Cash -€96,796
down €96,796 (-89.7%), from €107,946 to €11,150
mainly Other debts (-€55,689) and Contributions, distributions and other (-€39,300)
- Tangible fixed assets -€7,033
down €7,033 (-9.6%), from €72,942 to €65,909
of which Furniture and vehicles: -€6,842
- Receivables within one year -€6,947
no longer reported in 2025 (was €6,947)
of which Other amounts receivable: -€5,434
- Other debts -€55,689
down €55,689 (-96.1%), from €57,946 to €2,257
- Reserves -€39,300
down €39,300 (-86.3%), from €45,550 to €6,250
of which Distributable reserves: -€39,300
- Profit (loss) carried forward -€14,907
down €14,907 (-79.4%), from €18,763 to €3,856
- Trade debts -€2,269
no longer reported in 2025 (was €2,269)
- Depreciation -€5,867
down €5,867 (-96.8%), from €6,059 to €192
- Other operating charges +€4,405
up €4,405 (+102.4%), from €4,301 to €8,706
- Financial income +€2,069
new in 2025: €2,069
- Taxes +€147
up €147 (+137.4%), from €107 to €254
- Financial charges +€118
up €118 (+75.9%), from €155 to €273
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 | €188,976 | €77,058 | -€111,918 | -59.2% |
| Fixed assets | 21/28 | €72,942 | €65,909 | -€7,033 | -9.6% |
| Tangible fixed assets | 22/27 | €72,942 | €65,909 | -€7,033 | -9.6% |
| Land and buildings | 22 | €65,908 | €65,909 | +€1 | 0.0% |
| Plant, machinery and equipment | 23 | €192 | €0 | -€192 | -100.0% |
| Furniture and vehicles | 24 | €6,842 | - | -€6,842 | |
| Current assets | 29/58 | €116,034 | €11,150 | -€104,884 | -90.4% |
| Amounts receivable within one year | 40/41 | €6,947 | - | -€6,947 | |
| Trade receivables | 40 | €1,513 | - | -€1,513 | |
| Other amounts receivable | 41 | €5,434 | - | -€5,434 | |
| Cash at bank and in hand | 54/58 | €107,946 | €11,150 | -€96,796 | -89.7% |
| Deferred charges and accrued income | 490/1 | €1,141 | - | -€1,141 | |
| Total equity and liabilities | 10/49 | €188,976 | €77,058 | -€111,918 | -59.2% |
| Equity | 10/15 | €126,813 | €72,606 | -€54,207 | -42.7% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Capital | 10 | €62,500 | €62,500 | = | 0.0% |
| Issued capital | 100 | €62,500 | €62,500 | = | 0.0% |
| Reserves | 13 | €45,550 | €6,250 | -€39,300 | -86.3% |
| Non-distributable reserves | 130/1 | €6,250 | €6,250 | = | 0.0% |
| Legal reserve | 130 | €6,250 | €6,250 | = | 0.0% |
| Distributable reserves | 133 | €39,300 | - | -€39,300 | |
| Profit (loss) carried forward | 14 | €18,763 | €3,856 | -€14,907 | -79.4% |
| Amounts payable | 17/49 | €62,163 | €4,452 | -€57,711 | -92.8% |
| Amounts payable within one year | 42/48 | €62,163 | €4,452 | -€57,711 | -92.8% |
| Trade debts | 44 | €2,269 | - | -€2,269 | |
| Suppliers | 440/4 | €2,269 | - | -€2,269 | |
| Taxes, remuneration and social security | 45 | €1,948 | €2,195 | +€247 | +12.7% |
| Taxes | 450/3 | €448 | €695 | +€247 | +55.1% |
| Remuneration and social security | 454/9 | €1,500 | €1,500 | = | 0.0% |
| Other amounts payable | 47/48 | €57,946 | €2,257 | -€55,689 | -96.1% |
| Non-recurring operating income | 76A | - | €1,303 | +€1,303 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,059 | €192 | -€5,867 | -96.8% |
| Other operating charges | 640/8 | €4,301 | €8,706 | +€4,405 | +102.4% |
| Gross operating margin | 9900 | -€7,634 | -€7,552 | +€82 | +1.1% |
| Operating profit (loss) | 9901 | -€17,994 | -€16,450 | +€1,544 | +8.6% |
| Financial income | 75/76B | - | €2,069 | +€2,069 | |
| Recurring financial income | 75 | - | €2,069 | +€2,069 | |
| Financial charges | 65/66B | €155 | €273 | +€118 | +75.9% |
| Recurring financial charges | 65 | €155 | €273 | +€118 | +75.9% |
| Profit (loss) for the period before taxes | 9903 | -€18,149 | -€14,653 | +€3,496 | +19.3% |
| Income taxes | 67/77 | €107 | €254 | +€147 | +137.4% |
| Profit (loss) for the period | 9904 | -€18,256 | -€14,907 | +€3,349 | +18.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,256 | -€14,907 | +€3,349 | +18.3% |
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 7 October 2026 via checked.be.