DELSAN: 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.
DELSAN
Largest movements
- Receivables within one year +€49,162
up €49,162 (+29.4%), from €167,422 to €216,584
of which Other amounts receivable: +€47,485
- Cash +€4,112
up €4,112 (+82239.8%), from €5 to €4,117
mainly Other debts (+€97,897) and Tax, wage and social debts (+€3,430)
- Deferred charges and accrued income -€3,038
down €3,038 (-33.8%), from €8,990 to €5,951
- Other debts +€97,897
up €97,897 (+35.2%), from €278,295 to €376,192
- Profit (loss) carried forward -€41,594
down €41,594 (-22.7%), from -€183,328 to -€224,922
- Trade debts -€9,855
down €9,855 (-59.7%), from €16,515 to €6,660
- Tax, wage and social debts +€3,430
up €3,430 (+85.5%), from €4,010 to €7,440
- Gross operating margin +€43,114
up €43,114, from -€34,168 to €8,946
- Staff costs -€7,423
down €7,423 (-13.5%), from €54,864 to €47,441
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €177,978 | €226,795 | +€48,817 | +27.4% |
| Fixed assets | 21/28 | €1,561 | €142 | -€1,419 | -90.9% |
| Tangible fixed assets | 22/27 | €1,561 | €142 | -€1,419 | -90.9% |
| Furniture and vehicles | 24 | €554 | €50 | -€504 | -91.0% |
| Other tangible fixed assets | 26 | €1,008 | €93 | -€915 | -90.8% |
| Current assets | 29/58 | €176,417 | €226,653 | +€50,236 | +28.5% |
| Amounts receivable within one year | 40/41 | €167,422 | €216,584 | +€49,162 | +29.4% |
| Trade receivables | 40 | - | €1,677 | +€1,677 | |
| Other amounts receivable | 41 | €167,422 | €214,907 | +€47,485 | +28.4% |
| Cash at bank and in hand | 54/58 | €5 | €4,117 | +€4,112 | +82239.8% |
| Deferred charges and accrued income | 490/1 | €8,990 | €5,951 | -€3,038 | -33.8% |
| Total equity and liabilities | 10/49 | €177,978 | €226,795 | +€48,817 | +27.4% |
| Equity | 10/15 | -€121,903 | -€163,497 | -€41,594 | -34.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €49,025 | €49,025 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €47,170 | €47,170 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€183,328 | -€224,922 | -€41,594 | -22.7% |
| Amounts payable | 17/49 | €299,881 | €390,292 | +€90,411 | +30.1% |
| Amounts payable within one year | 42/48 | €299,881 | €390,292 | +€90,411 | +30.1% |
| Financial debts | 43 | €1,060 | - | -€1,060 | |
| Credit institutions | 430/8 | €1,060 | - | -€1,060 | |
| Trade debts | 44 | €16,515 | €6,660 | -€9,855 | -59.7% |
| Suppliers | 440/4 | €16,515 | €6,660 | -€9,855 | -59.7% |
| Taxes, remuneration and social security | 45 | €4,010 | €7,440 | +€3,430 | +85.5% |
| Remuneration and social security | 454/9 | €4,010 | €7,440 | +€3,430 | +85.5% |
| Other amounts payable | 47/48 | €278,295 | €376,192 | +€97,897 | +35.2% |
| Remuneration, social security and pensions | 62 | €54,864 | €47,441 | -€7,423 | -13.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,419 | €1,419 | = | 0.0% |
| Other operating charges | 640/8 | €747 | €899 | +€152 | +20.3% |
| Gross operating margin | 9900 | -€34,168 | €8,946 | +€43,114 | |
| Operating profit (loss) | 9901 | -€91,198 | -€40,813 | +€50,385 | +55.2% |
| Financial income | 75/76B | €186 | €151 | -€36 | -19.2% |
| Recurring financial income | 75 | €186 | €151 | -€36 | -19.2% |
| Financial charges | 65/66B | €924 | €931 | +€7 | +0.8% |
| Recurring financial charges | 65 | €924 | €931 | +€7 | +0.8% |
| Profit (loss) for the period before taxes | 9903 | -€91,936 | -€41,594 | +€50,342 | +54.8% |
| Profit (loss) for the period | 9904 | -€91,936 | -€41,594 | +€50,342 | +54.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€91,936 | -€41,594 | +€50,342 | +54.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.