DELSAM: 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.
DELSAM
Largest movements
- Tangible fixed assets -€3,074
down €3,074 (-67.1%), from €4,580 to €1,506
- Cash +€873
up €873 (+127.0%), from €688 to €1,561
mainly Depreciation (+€3,074) and Trade debts (+€2,088)
- Receivables within one year -€87
down €87 (-13.7%), from €639 to €552
of which Other amounts receivable: -€607
- Short-term financial debts -€5,775
down €5,775 (-84.1%), from €6,867 to €1,092
- Trade debts +€2,088
up €2,088 (+27.6%), from €7,551 to €9,639
- Other debts +€1,493
up €1,493 (+3.2%), from €46,549 to €48,043
- Gross operating margin -€12,151
down €12,151 (-71.2%), from €17,062 to €4,910
- Financial income -€3,189
down €3,189 (-93.2%), from €3,422 to €232
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 | €6,527 | €4,248 | -€2,279 | -34.9% |
| Fixed assets | 21/28 | €5,200 | €2,126 | -€3,074 | -59.1% |
| Tangible fixed assets | 22/27 | €4,580 | €1,506 | -€3,074 | -67.1% |
| Furniture and vehicles | 24 | €4,580 | €1,506 | -€3,074 | -67.1% |
| Financial fixed assets | 28 | €620 | €620 | = | 0.0% |
| Current assets | 29/58 | €1,327 | €2,122 | +€795 | +59.9% |
| Amounts receivable within one year | 40/41 | €639 | €552 | -€87 | -13.7% |
| Trade receivables | 40 | - | €520 | +€520 | |
| Other amounts receivable | 41 | €639 | €32 | -€607 | -95.0% |
| Cash at bank and in hand | 54/58 | €688 | €1,561 | +€873 | +127.0% |
| Deferred charges and accrued income | 490/1 | - | €9 | +€9 | |
| Total equity and liabilities | 10/49 | €6,527 | €4,248 | -€2,279 | -34.9% |
| Equity | 10/15 | -€56,311 | -€56,360 | -€49 | -0.1% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €20,624 | €20,624 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,765 | €18,765 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€83,133 | -€83,182 | -€49 | -0.1% |
| Amounts payable | 17/49 | €62,838 | €60,608 | -€2,230 | -3.5% |
| Amounts payable within one year | 42/48 | €62,838 | €60,608 | -€2,230 | -3.5% |
| Financial debts | 43 | €6,867 | €1,092 | -€5,775 | -84.1% |
| Credit institutions | 430/8 | €6,867 | €1,092 | -€5,775 | -84.1% |
| Trade debts | 44 | €7,551 | €9,639 | +€2,088 | +27.6% |
| Suppliers | 440/4 | €7,551 | €9,639 | +€2,088 | +27.6% |
| Taxes, remuneration and social security | 45 | €1,871 | €1,834 | -€36 | -1.9% |
| Taxes | 450/3 | €1,871 | €1,834 | -€36 | -1.9% |
| Other amounts payable | 47/48 | €46,549 | €48,043 | +€1,493 | +3.2% |
| Non-recurring operating income | 76A | €13,223 | - | -€13,223 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,087 | €3,074 | -€13 | -0.4% |
| Other operating charges | 640/8 | €511 | €592 | +€80 | +15.7% |
| Gross operating margin | 9900 | €17,062 | €4,910 | -€12,151 | -71.2% |
| Operating profit (loss) | 9901 | €13,463 | €1,245 | -€12,219 | -90.8% |
| Financial income | 75/76B | €3,422 | €232 | -€3,189 | -93.2% |
| Recurring financial income | 75 | €3,422 | €232 | -€3,189 | -93.2% |
| Financial charges | 65/66B | €1,017 | €1,056 | +€39 | +3.8% |
| Recurring financial charges | 65 | €1,017 | €1,056 | +€39 | +3.8% |
| Profit (loss) for the period before taxes | 9903 | €15,868 | €421 | -€15,447 | -97.3% |
| Income taxes | 67/77 | €492 | €470 | -€22 | -4.4% |
| Profit (loss) for the period | 9904 | €15,376 | -€49 | -€15,425 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,376 | -€49 | -€15,425 |
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 7 October 2026 via checked.be.