DELSCO: 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.
DELSCO
Largest movements
- Tangible fixed assets -€18,878
down €18,878 (-36.8%), from €51,296 to €32,418
of which Furniture and vehicles: -€18,066
- Cash -€8,005
down €8,005 (-8.7%), from €92,264 to €84,259
mainly Contributions, distributions and other (-€23,711) and Debts after one year (-€11,502)
- Reserves -€23,711
down €23,711 (-33.1%), from €71,543 to €47,831
- Debts after one year -€11,502
down €11,502 (-74.8%), from €15,378 to €3,876
- Other debts +€6,597
up €6,597, from €0 to €6,597
- Gross operating margin -€5,671
down €5,671 (-19.4%), from €29,234 to €23,563
- Taxes -€1,403
down €1,403 (-47.8%), from €2,934 to €1,531
- Other operating charges -€450
down €450 (-24.9%), from €1,812 to €1,362
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 | €153,832 | €125,907 | -€27,925 | -18.2% |
| Fixed assets | 21/28 | €51,296 | €32,418 | -€18,878 | -36.8% |
| Tangible fixed assets | 22/27 | €51,296 | €32,418 | -€18,878 | -36.8% |
| Land and buildings | 22 | €877 | €770 | -€107 | -12.2% |
| Plant, machinery and equipment | 23 | €4,499 | €3,794 | -€705 | -15.7% |
| Furniture and vehicles | 24 | €45,919 | €27,854 | -€18,066 | -39.3% |
| Current assets | 29/58 | €102,537 | €93,490 | -€9,047 | -8.8% |
| Amounts receivable within one year | 40/41 | €9,635 | €8,613 | -€1,022 | -10.6% |
| Trade receivables | 40 | - | €724 | +€724 | |
| Other amounts receivable | 41 | €9,635 | €7,890 | -€1,746 | -18.1% |
| Cash at bank and in hand | 54/58 | €92,264 | €84,259 | -€8,005 | -8.7% |
| Deferred charges and accrued income | 490/1 | €638 | €618 | -€20 | -3.2% |
| Total equity and liabilities | 10/49 | €153,832 | €125,907 | -€27,925 | -18.2% |
| Equity | 10/15 | €124,008 | €100,247 | -€23,762 | -19.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €71,543 | €47,831 | -€23,711 | -33.1% |
| Distributable reserves | 133 | €71,543 | €47,831 | -€23,711 | -33.1% |
| Profit (loss) carried forward | 14 | €46,266 | €46,215 | -€50 | -0.1% |
| Amounts payable | 17/49 | €29,824 | €25,660 | -€4,163 | -14.0% |
| Amounts payable after more than one year | 17 | €15,378 | €3,876 | -€11,502 | -74.8% |
| Financial debts | 170/4 | €15,378 | €3,876 | -€11,502 | -74.8% |
| Amounts payable within one year | 42/48 | €14,446 | €21,784 | +€7,338 | +50.8% |
| Current portion of amounts payable after more than one year | 42 | €11,313 | €11,502 | +€188 | +1.7% |
| Trade debts | 44 | €89 | €881 | +€792 | +891.0% |
| Suppliers | 440/4 | €89 | €881 | +€792 | +891.0% |
| Taxes, remuneration and social security | 45 | €3,044 | €2,805 | -€239 | -7.8% |
| Taxes | 450/3 | €3,044 | €2,805 | -€239 | -7.8% |
| Other amounts payable | 47/48 | €0 | €6,597 | +€6,597 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,298 | €20,311 | +€13 | +0.1% |
| Other operating charges | 640/8 | €1,812 | €1,362 | -€450 | -24.9% |
| Non-recurring operating charges | 66A | €760 | €275 | -€485 | -63.8% |
| Gross operating margin | 9900 | €29,234 | €23,563 | -€5,671 | -19.4% |
| Operating profit (loss) | 9901 | €6,364 | €1,615 | -€4,749 | -74.6% |
| Financial income | 75/76B | €456 | €435 | -€22 | -4.7% |
| Recurring financial income | 75 | €456 | €435 | -€22 | -4.7% |
| Financial charges | 65/66B | €731 | €569 | -€161 | -22.1% |
| Recurring financial charges | 65 | €731 | €569 | -€161 | -22.1% |
| Profit (loss) for the period before taxes | 9903 | €6,090 | €1,481 | -€4,609 | -75.7% |
| Income taxes | 67/77 | €2,934 | €1,531 | -€1,403 | -47.8% |
| Profit (loss) for the period | 9904 | €3,156 | -€50 | -€3,206 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,156 | -€50 | -€3,206 |
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 8 October 2026 via checked.be.