DELFICO: 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.
DELFICO
Largest movements
- Cash -€59,583
down €59,583 (-22.4%), from €265,559 to €205,976
mainly Tax, wage and social debts (-€80,782) and Accrued charges and deferred income (-€68,141)
- Receivables within one year -€39,969
down €39,969 (-28.5%), from €140,042 to €100,073
of which Other amounts receivable: -€22,907
- Tax, wage and social debts -€80,782
down €80,782 (-71.1%), from €113,590 to €32,808
- Accrued charges and deferred income -€68,141
down €68,141 (-9.2%), from €738,136 to €669,995
- Other debts +€53,194
up €53,194 (+513.1%), from €10,366 to €63,560
- Gross operating margin -€311,782
down €311,782 (-74.9%), from €416,264 to €104,482
- Taxes -€95,800
down €95,800 (-84.4%), from €113,499 to €17,700
- Write-downs +€35,444
new in 2025: €35,444
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 | €1,224,072 | €1,125,828 | -€98,244 | -8.0% |
| Fixed assets | 21/28 | €46,770 | €42,919 | -€3,851 | -8.2% |
| Intangible fixed assets | 21 | €7,657 | €5,957 | -€1,700 | -22.2% |
| Tangible fixed assets | 22/27 | €37,863 | €35,712 | -€2,151 | -5.7% |
| Furniture and vehicles | 24 | €11,780 | €9,629 | -€2,151 | -18.3% |
| Other tangible fixed assets | 26 | €26,083 | €26,083 | = | 0.0% |
| Financial fixed assets | 28 | €1,250 | €1,250 | = | 0.0% |
| Current assets | 29/58 | €1,177,303 | €1,082,909 | -€94,394 | -8.0% |
| Amounts receivable after more than one year | 29 | €600,000 | €600,000 | = | 0.0% |
| Other amounts receivable | 291 | €600,000 | €600,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €140,042 | €100,073 | -€39,969 | -28.5% |
| Trade receivables | 40 | €57,930 | €40,868 | -€17,062 | -29.5% |
| Other amounts receivable | 41 | €82,112 | €59,204 | -€22,907 | -27.9% |
| Cash at bank and in hand | 54/58 | €265,559 | €205,976 | -€59,583 | -22.4% |
| Deferred charges and accrued income | 490/1 | €171,702 | €176,860 | +€5,158 | +3.0% |
| Total equity and liabilities | 10/49 | €1,224,072 | €1,125,828 | -€98,244 | -8.0% |
| Equity | 10/15 | €354,052 | €349,677 | -€4,375 | -1.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €335,452 | €331,077 | -€4,375 | -1.3% |
| Tax-exempt reserves | 132 | €2,236 | €2,236 | = | 0.0% |
| Distributable reserves | 133 | €333,216 | €328,841 | -€4,375 | -1.3% |
| Amounts payable | 17/49 | €870,020 | €776,151 | -€93,870 | -10.8% |
| Amounts payable within one year | 42/48 | €131,884 | €106,156 | -€25,728 | -19.5% |
| Trade debts | 44 | €7,928 | €9,787 | +€1,859 | +23.5% |
| Suppliers | 440/4 | €7,928 | €9,787 | +€1,859 | +23.5% |
| Taxes, remuneration and social security | 45 | €113,590 | €32,808 | -€80,782 | -71.1% |
| Taxes | 450/3 | €113,590 | €32,808 | -€80,782 | -71.1% |
| Other amounts payable | 47/48 | €10,366 | €63,560 | +€53,194 | +513.1% |
| Accrued charges and deferred income | 492/3 | €738,136 | €669,995 | -€68,141 | -9.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,026 | €3,851 | +€1,825 | +90.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €35,444 | +€35,444 | |
| Other operating charges | 640/8 | €528 | €1,143 | +€615 | +116.5% |
| Non-recurring operating charges | 66A | - | €369 | +€369 | |
| Gross operating margin | 9900 | €416,264 | €104,482 | -€311,782 | -74.9% |
| Operating profit (loss) | 9901 | €413,711 | €63,675 | -€350,035 | -84.6% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €338 | €350 | +€12 | +3.6% |
| Recurring financial charges | 65 | €338 | €350 | +€12 | +3.6% |
| Profit (loss) for the period before taxes | 9903 | €413,372 | €63,325 | -€350,048 | -84.7% |
| Income taxes | 67/77 | €113,499 | €17,700 | -€95,800 | -84.4% |
| Profit (loss) for the period | 9904 | €299,873 | €45,625 | -€254,248 | -84.8% |
| Profit (loss) for the period to be appropriated | 9905 | €299,873 | €45,625 | -€254,248 | -84.8% |
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 28 September 2026 via checked.be.