Delvano: 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.
What changed
Delvano
NACE 28.300, Manufacture of machinery and equipment not elsewhere classified
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€75,939
2024 · €143,565-€67,625
Equity
€4.2m
2024 · €4.1m+€75,939
Cash
€259,083
2024 · €528,224-€269,140
Balance sheet total
€10.1m
2024 · €11.0m-€878,498
Largest movements
Assets
- Cash -€269,140
down €269,140 (-51.0%), from €528,224 to €259,083
mainly Short-term financial debts (-€525,176) and Tax, wage and social debts (-€114,153)
- Stocks and contracts -€268,441
down €268,441 (-3.5%), from €7.6m to €7.3m
- Receivables within one year -€264,980
down €264,980 (-12.4%), from €2.1m to €1.9m
of which Trade receivables: -€324,790
Equity and liabilities
- Short-term financial debts -€525,176
down €525,176 (-32.3%), from €1.6m to €1.1m
- Tax, wage and social debts -€114,153
down €114,153 (-17.5%), from €650,697 to €536,544
of which Taxes: -€77,723
- Other debts -€113,861
down €113,861 (-6.2%), from €1.8m to €1.7m
Income statement
- Turnover -€1.6m
down €1.6m (-12.9%), from €12.1m to €10.6m
- Goods and materials -€804,630
down €804,630 (-11.7%), from €6.9m to €6.1m
of which Purchases: -€1.4m
- Provisions -€172,400
down €172,400, from €98,700 to -€73,700
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.
Result 2024
€143,565
Turnover
-€1.6m
Other operating income
+€90,139
Goods and materials
+€804,630
Services and other goods
+€98,975
Staff costs
-€58,530
Depreciation
+€9,812
Write-downs
-€9,826
Provisions
+€172,400
Other operating charges
+€5,500
Other operating items
+€359,073
Financial income
-€4,141
Financial charges
+€33,367
Taxes
-€992
Result 2025
€75,939
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.
From operations
+€443,600
Investment
-€78,223
Financing
-€634,518
Cash 2024
€528,224
From operations (derived)
+€443,600
Net result for the year
+€75,939
Depreciation
+€163,790
Stocks and contracts
+€268,441
Receivables within one year
+€264,980
Deferred charges and accrued income
-€9,631
Provisions
-€73,700
Trade debts
+€48,040
Tax, wage and social debts
-€114,153
Advances received
-€61,896
Other debts
-€113,861
Accrued charges and deferred income
-€4,350
Investment (derived)
-€78,223
Investment in fixed assets (net)
-€78,223
Financing
-€634,518
Debts after one year
-€99,044
Current portion of long-term debt
-€10,298
Short-term financial debts
-€525,176
Cash 2025
€259,083
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,954,521 | €10,076,023 | -€878,498 | -8.0% |
| Fixed assets | 21/28 | €667,950 | €582,382 | -€85,567 | -12.8% |
| Intangible fixed assets | 21 | €136,765 | €131,321 | -€5,445 | -4.0% |
| Tangible fixed assets | 22/27 | €531,184 | €451,062 | -€80,123 | -15.1% |
| Land and buildings | 22 | €304,916 | €277,020 | -€27,896 | -9.1% |
| Plant, machinery and equipment | 23 | €120,563 | €108,850 | -€11,713 | -9.7% |
| Furniture and vehicles | 24 | €36,304 | €30,432 | -€5,872 | -16.2% |
| Leasing and similar rights | 25 | €69,401 | €34,760 | -€34,642 | -49.9% |
| Current assets | 29/58 | €10,286,571 | €9,493,641 | -€792,931 | -7.7% |
| Stocks and contracts in progress | 3 | €7,587,794 | €7,319,352 | -€268,441 | -3.5% |
| Stocks | 30/36 | €7,587,794 | €7,319,352 | -€268,441 | -3.5% |
| Raw materials and consumables | 30/31 | €6,155,741 | €5,782,076 | -€373,665 | -6.1% |
| Work in progress | 32 | €1,432,053 | €1,537,277 | +€105,224 | +7.3% |
| Amounts receivable within one year | 40/41 | €2,141,381 | €1,876,401 | -€264,980 | -12.4% |
| Trade receivables | 40 | €2,141,381 | €1,816,591 | -€324,790 | -15.2% |
| Other amounts receivable | 41 | €0 | €59,809 | +€59,809 | |
| Cash at bank and in hand | 54/58 | €528,224 | €259,083 | -€269,140 | -51.0% |
| Deferred charges and accrued income | 490/1 | €29,173 | €38,804 | +€9,631 | +33.0% |
| Total equity and liabilities | 10/49 | €10,954,521 | €10,076,023 | -€878,498 | -8.0% |
| Equity | 10/15 | €4,127,736 | €4,203,676 | +€75,939 | +1.8% |
| Contributions | 10/11 | €371,840 | €371,840 | = | 0.0% |
| Capital | 10 | €371,840 | €371,840 | = | 0.0% |
| Issued capital | 100 | €371,840 | €371,840 | = | 0.0% |
| Reserves | 13 | €3,755,896 | €3,831,836 | +€75,939 | +2.0% |
| Non-distributable reserves | 130/1 | €123,000 | €123,000 | = | 0.0% |
| Legal reserve | 130 | €123,000 | €123,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €139,939 | €139,939 | = | 0.0% |
| Distributable reserves | 133 | €3,492,957 | €3,568,896 | +€75,939 | +2.2% |
| Provisions and deferred taxes | 16 | €98,700 | €25,000 | -€73,700 | -74.7% |
| Provisions for liabilities and charges | 160/5 | €98,700 | €25,000 | -€73,700 | -74.7% |
| Other liabilities and charges | 164/5 | €98,700 | €25,000 | -€73,700 | -74.7% |
| Amounts payable | 17/49 | €6,728,085 | €5,847,347 | -€880,738 | -13.1% |
| Amounts payable after more than one year | 17 | €223,307 | €124,263 | -€99,044 | -44.4% |
| Financial debts | 170/4 | €223,307 | €124,263 | -€99,044 | -44.4% |
| Leasing and similar obligations | 172 | €37,220 | €18,013 | -€19,207 | -51.6% |
| Credit institutions | 173 | €4,836 | €0 | -€4,836 | -100.0% |
| Other loans | 174 | €181,250 | €106,250 | -€75,000 | -41.4% |
| Amounts payable within one year | 42/48 | €6,492,848 | €5,715,504 | -€777,343 | -12.0% |
| Current portion of amounts payable after more than one year | 42 | €109,342 | €99,044 | -€10,298 | -9.4% |
| Financial debts | 43 | €1,627,131 | €1,101,956 | -€525,176 | -32.3% |
| Credit institutions | 430/8 | €1,627,131 | €1,101,956 | -€525,176 | -32.3% |
| Trade debts | 44 | €1,317,629 | €1,365,669 | +€48,040 | +3.6% |
| Suppliers | 440/4 | €1,317,629 | €1,365,669 | +€48,040 | +3.6% |
| Advances received on contracts in progress | 46 | €954,911 | €893,015 | -€61,896 | -6.5% |
| Taxes, remuneration and social security | 45 | €650,697 | €536,544 | -€114,153 | -17.5% |
| Taxes | 450/3 | €105,669 | €27,945 | -€77,723 | -73.6% |
| Remuneration and social security | 454/9 | €545,029 | €508,599 | -€36,430 | -6.7% |
| Other amounts payable | 47/48 | €1,833,137 | €1,719,276 | -€113,861 | -6.2% |
| Accrued charges and deferred income | 492/3 | €11,930 | €7,580 | -€4,350 | -36.5% |
| Operating income | 70/76A | €11,972,132 | €10,851,125 | -€1.1m | -9.4% |
| Turnover | 70 | €12,132,510 | €10,564,478 | -€1.6m | -12.9% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€257,163 | €105,224 | +€362,386 | |
| Other operating income | 74 | €91,285 | €181,424 | +€90,139 | +98.7% |
| Non-recurring operating income | 76A | €5,500 | €0 | -€5,500 | -100.0% |
| Operating charges | 60/66A | €11,737,851 | €10,712,703 | -€1.0m | -8.7% |
| Goods for resale, raw materials and consumables | 60 | €6,891,769 | €6,087,139 | -€804,630 | -11.7% |
| Purchases | 600/8 | €7,177,184 | €5,786,961 | -€1.4m | -19.4% |
| Change in stocks: decrease (increase) | 609 | -€285,415 | €300,178 | +€585,593 | |
| Services and other goods | 61 | €1,460,188 | €1,361,212 | -€98,975 | -6.8% |
| Remuneration, social security and pensions | 62 | €3,007,022 | €3,065,552 | +€58,530 | +1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €173,602 | €163,790 | -€9,812 | -5.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €68,332 | €78,157 | +€9,826 | +14.4% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €98,700 | -€73,700 | -€172,400 | |
| Other operating charges | 640/8 | €36,052 | €30,552 | -€5,500 | -15.3% |
| Non-recurring operating charges | 66A | €2,186 | €0 | -€2,186 | -100.0% |
| Operating profit (loss) | 9901 | €234,281 | €138,422 | -€95,858 | -40.9% |
| Financial income | 75/76B | €5,135 | €994 | -€4,141 | -80.6% |
| Recurring financial income | 75 | €5,135 | €994 | -€4,141 | -80.6% |
| Other financial income | 752/9 | €5,135 | €994 | -€4,141 | -80.6% |
| Financial charges | 65/66B | €96,061 | €62,694 | -€33,367 | -34.7% |
| Recurring financial charges | 65 | €96,061 | €62,694 | -€33,367 | -34.7% |
| Debt charges | 650 | €90,860 | €57,912 | -€32,948 | -36.3% |
| Other financial charges | 652/9 | €5,201 | €4,782 | -€418 | -8.0% |
| Profit (loss) for the period before taxes | 9903 | €143,355 | €76,722 | -€66,633 | -46.5% |
| Income taxes | 67/77 | -€210 | €783 | +€992 | |
| Taxes | 670/3 | €1,100 | €783 | -€317 | -28.9% |
| Tax adjustments and reversals of tax provisions | 77 | €1,310 | €0 | -€1,310 | -100.0% |
| Profit (loss) for the period | 9904 | €143,565 | €75,939 | -€67,625 | -47.1% |
| Profit (loss) for the period to be appropriated | 9905 | €143,565 | €75,939 | -€67,625 | -47.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.