DELVICAN: 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.
DELVICAN
Largest movements
- Cash -€18,088
down €18,088 (-13.6%), from €133,328 to €115,240
mainly Tax, wage and social debts (-€32,396) and Debts after one year (-€8,079)
- Tangible fixed assets -€11,522
down €11,522 (-29.5%), from €39,057 to €27,534
- Receivables within one year -€10,949
down €10,949 (-8.1%), from €135,394 to €124,444
of which Other amounts receivable: -€10,985
- Stocks and contracts +€7,154
up €7,154 (+29.5%), from €24,244 to €31,397
- Tax, wage and social debts -€32,396
down €32,396 (-29.6%), from €109,454 to €77,058
of which Remuneration and social security: -€28,423
- Trade debts +€9,037
up €9,037 (+3.7%), from €246,410 to €255,447
- Debts after one year -€8,079
down €8,079 (-49.8%), from €16,239 to €8,160
- Current portion of long-term debt -€6,392
down €6,392 (-44.2%), from €14,472 to €8,079
- Profit (loss) carried forward +€3,886
up €3,886 (+8.2%), from -€47,362 to -€43,476
- Staff costs -€46,114
down €46,114 (-4.2%), from €1.1m to €1.0m
- Gross operating margin -€39,465
down €39,465 (-3.6%), from €1.1m to €1.1m
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.
Derived cash bridge
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 | €354,213 | €320,268 | -€33,945 | -9.6% |
| Fixed assets | 21/28 | €39,057 | €27,534 | -€11,522 | -29.5% |
| Tangible fixed assets | 22/27 | €39,057 | €27,534 | -€11,522 | -29.5% |
| Plant, machinery and equipment | 23 | €9,959 | €6,826 | -€3,133 | -31.5% |
| Furniture and vehicles | 24 | €17,994 | €12,995 | -€4,999 | -27.8% |
| Leasing and similar rights | 25 | €2,125 | €1,173 | -€952 | -44.8% |
| Other tangible fixed assets | 26 | €8,978 | €6,540 | -€2,438 | -27.2% |
| Current assets | 29/58 | €315,156 | €292,733 | -€22,423 | -7.1% |
| Stocks and contracts in progress | 3 | €24,244 | €31,397 | +€7,154 | +29.5% |
| Stocks | 30/36 | €24,244 | €31,397 | +€7,154 | +29.5% |
| Amounts receivable within one year | 40/41 | €135,394 | €124,444 | -€10,949 | -8.1% |
| Trade receivables | 40 | €32,718 | €32,754 | +€36 | +0.1% |
| Other amounts receivable | 41 | €102,675 | €91,690 | -€10,985 | -10.7% |
| Cash at bank and in hand | 54/58 | €133,328 | €115,240 | -€18,088 | -13.6% |
| Deferred charges and accrued income | 490/1 | €22,191 | €21,652 | -€539 | -2.4% |
| Total equity and liabilities | 10/49 | €354,213 | €320,268 | -€33,945 | -9.6% |
| Equity | 10/15 | -€32,362 | -€28,476 | +€3,886 | +12.0% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€47,362 | -€43,476 | +€3,886 | +8.2% |
| Amounts payable | 17/49 | €386,575 | €348,744 | -€37,831 | -9.8% |
| Amounts payable after more than one year | 17 | €16,239 | €8,160 | -€8,079 | -49.8% |
| Financial debts | 170/4 | €16,239 | €8,160 | -€8,079 | -49.8% |
| Amounts payable within one year | 42/48 | €370,336 | €340,584 | -€29,752 | -8.0% |
| Current portion of amounts payable after more than one year | 42 | €14,472 | €8,079 | -€6,392 | -44.2% |
| Trade debts | 44 | €246,410 | €255,447 | +€9,037 | +3.7% |
| Suppliers | 440/4 | €246,410 | €255,447 | +€9,037 | +3.7% |
| Taxes, remuneration and social security | 45 | €109,454 | €77,058 | -€32,396 | -29.6% |
| Taxes | 450/3 | €14,882 | €10,910 | -€3,973 | -26.7% |
| Remuneration and social security | 454/9 | €94,571 | €66,148 | -€28,423 | -30.1% |
| Remuneration, social security and pensions | 62 | €1,085,189 | €1,039,074 | -€46,114 | -4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,499 | €13,831 | +€2,332 | +20.3% |
| Other operating charges | 640/8 | €2,986 | €2,575 | -€411 | -13.8% |
| Gross operating margin | 9900 | €1,108,969 | €1,069,503 | -€39,465 | -3.6% |
| Operating profit (loss) | 9901 | €9,295 | €14,023 | +€4,728 | +50.9% |
| Financial income | 75/76B | €106 | €3 | -€104 | -97.3% |
| Recurring financial income | 75 | €106 | €3 | -€104 | -97.3% |
| Financial charges | 65/66B | €5,232 | €4,296 | -€937 | -17.9% |
| Recurring financial charges | 65 | €5,232 | €4,296 | -€937 | -17.9% |
| Profit (loss) for the period before taxes | 9903 | €4,169 | €9,730 | +€5,561 | +133% |
| Income taxes | 67/77 | €3,649 | €5,844 | +€2,195 | +60.2% |
| Profit (loss) for the period | 9904 | €520 | €3,886 | +€3,366 | +647% |
| Profit (loss) for the period to be appropriated | 9905 | €520 | €3,886 | +€3,366 | +647% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.