DELFICON: 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.
DELFICON
Largest movements
- Cash -€59,492
down €59,492 (-58.9%), from €100,940 to €41,448
mainly Contributions, distributions and other (-€261,620) and Receivables within one year (-€2,424)
- Current investments -€58,762
down €58,762 (-57.4%), from €102,409 to €43,647
- Receivables within one year +€2,424
up €2,424 (+12.6%), from €19,181 to €21,605
of which Trade receivables: +€5,437
- Reserves -€188,638
down €188,638 (-100.0%), from €188,638 to €0
- Other debts +€71,396
up €71,396 (+1693.1%), from €4,217 to €75,613
- Gross operating margin -€4,127
down €4,127 (-4.3%), from €95,867 to €91,740
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 | €224,759 | €109,311 | -€115,448 | -51.4% |
| Fixed assets | 21/28 | €901 | €1,222 | +€321 | +35.6% |
| Tangible fixed assets | 22/27 | €901 | €1,222 | +€321 | +35.6% |
| Furniture and vehicles | 24 | €901 | €1,222 | +€321 | +35.6% |
| Current assets | 29/58 | €223,858 | €108,089 | -€115,769 | -51.7% |
| Amounts receivable within one year | 40/41 | €19,181 | €21,605 | +€2,424 | +12.6% |
| Trade receivables | 40 | €16,168 | €21,605 | +€5,437 | +33.6% |
| Other amounts receivable | 41 | €3,013 | €0 | -€3,013 | -100.0% |
| Current investments | 50/53 | €102,409 | €43,647 | -€58,762 | -57.4% |
| Cash at bank and in hand | 54/58 | €100,940 | €41,448 | -€59,492 | -58.9% |
| Deferred charges and accrued income | 490/1 | €1,328 | €1,390 | +€62 | +4.7% |
| Total equity and liabilities | 10/49 | €224,759 | €109,311 | -€115,448 | -51.4% |
| Equity | 10/15 | €207,238 | €18,600 | -€188,638 | -91.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €188,638 | €0 | -€188,638 | -100.0% |
| Distributable reserves | 133 | €188,638 | €0 | -€188,638 | -100.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €17,521 | €90,711 | +€73,190 | +417.7% |
| Amounts payable within one year | 42/48 | €17,509 | €90,637 | +€73,129 | +417.7% |
| Trade debts | 44 | €2,099 | €2,369 | +€271 | +12.9% |
| Suppliers | 440/4 | €2,099 | €2,369 | +€271 | +12.9% |
| Taxes, remuneration and social security | 45 | €11,193 | €12,655 | +€1,462 | +13.1% |
| Taxes | 450/3 | €11,193 | €12,655 | +€1,462 | +13.1% |
| Other amounts payable | 47/48 | €4,217 | €75,613 | +€71,396 | +1693.1% |
| Accrued charges and deferred income | 492/3 | €12 | €74 | +€62 | +514.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,057 | €809 | -€248 | -23.5% |
| Other operating charges | 640/8 | €1,307 | €1,205 | -€103 | -7.9% |
| Gross operating margin | 9900 | €95,867 | €91,740 | -€4,127 | -4.3% |
| Operating profit (loss) | 9901 | €93,502 | €89,726 | -€3,776 | -4.0% |
| Financial income | 75/76B | €2,821 | €2,892 | +€71 | +2.5% |
| Recurring financial income | 75 | €2,821 | €2,892 | +€71 | +2.5% |
| Financial charges | 65/66B | €101 | €114 | +€12 | +12.3% |
| Recurring financial charges | 65 | €101 | €114 | +€12 | +12.3% |
| Profit (loss) for the period before taxes | 9903 | €96,222 | €92,504 | -€3,717 | -3.9% |
| Income taxes | 67/77 | €20,087 | €19,522 | -€565 | -2.8% |
| Profit (loss) for the period | 9904 | €76,135 | €72,982 | -€3,153 | -4.1% |
| Profit (loss) for the period to be appropriated | 9905 | €76,135 | €72,982 | -€3,153 | -4.1% |
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 4 October 2026 via checked.be.