DELCO: what changed
DELCO
Largest movements
- Stocks and contracts -€47,489
down €47,489 (-11.9%), from €399,965 to €352,476
- Cash +€26,365
up €26,365 (+4,097%), from €643 to €27,008
mainly Stocks and contracts (+€47,489) and Trade debts (+€14,528)
- Other debts -€44,697
down €44,697 (-48.4%), from €92,422 to €47,725
- Trade debts +€14,528
up €14,528 (+411%), from €3,532 to €18,060
- Profit (loss) carried forward +€4,880
up €4,880 (+3.6%), from -€136,272 to -€131,392
- Gross operating margin +€17,120
up €17,120, from -€9,724 to €7,396
- Depreciation +€782
up €782 (+74.3%), from €1,052 to €1,834
- Other operating charges +€404
up €404 (+213%), from €190 to €593
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €448,231 | €422,943 | -€25,289 | -5.6% |
| Fixed assets | 21/28 | €22,968 | €21,134 | -€1,834 | -8.0% |
| Tangible fixed assets | 22/27 | €2,768 | €934 | -€1,834 | -66.3% |
| Plant, machinery and equipment | 23 | €2,768 | €934 | -€1,834 | -66.3% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €20,200 | €20,200 | = | 0.0% |
| Current assets | 29/58 | €425,263 | €401,809 | -€23,454 | -5.5% |
| Stocks and contracts in progress | 3 | €399,965 | €352,476 | -€47,489 | -11.9% |
| Stocks | 30/36 | €399,965 | €352,476 | -€47,489 | -11.9% |
| Amounts receivable within one year | 40/41 | €24,655 | €22,325 | -€2,330 | -9.5% |
| Trade receivables | 40 | €24,630 | €22,280 | -€2,350 | -9.5% |
| Other amounts receivable | 41 | €25 | €45 | +€20 | +79.3% |
| Cash at bank and in hand | 54/58 | €643 | €27,008 | +€26,365 | +4,097% |
| Total equity and liabilities | 10/49 | €448,231 | €422,943 | -€25,289 | -5.6% |
| Equity | 10/15 | -€97,722 | -€92,842 | +€4,880 | +5.0% |
| Contributions | 10/11 | €38,550 | €38,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€136,272 | -€131,392 | +€4,880 | +3.6% |
| Amounts payable | 17/49 | €545,953 | €515,785 | -€30,169 | -5.5% |
| Amounts payable after more than one year | 17 | €450,000 | €450,000 | = | 0.0% |
| Financial debts | 170/4 | €450,000 | €450,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €95,953 | €65,785 | -€30,169 | -31.4% |
| Trade debts | 44 | €3,532 | €18,060 | +€14,528 | +411% |
| Suppliers | 440/4 | €3,532 | €18,060 | +€14,528 | +411% |
| Other amounts payable | 47/48 | €92,422 | €47,725 | -€44,697 | -48.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,052 | €1,834 | +€782 | +74.3% |
| Other operating charges | 640/8 | €190 | €593 | +€404 | +213% |
| Gross operating margin | 9900 | -€9,724 | €7,396 | +€17,120 | |
| Operating profit (loss) | 9901 | -€10,966 | €4,968 | +€15,934 | |
| Financial charges | 65/66B | €63 | €88 | +€25 | +40.4% |
| Recurring financial charges | 65 | €63 | €88 | +€25 | +40.4% |
| Profit (loss) for the period before taxes | 9903 | -€11,029 | €4,880 | +€15,909 | |
| Profit (loss) for the period | 9904 | -€11,029 | €4,880 | +€15,909 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,029 | €4,880 | +€15,909 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.