Delfides: 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.
Delfides
Largest movements
- Cash +€163,185
up €163,185 (+48.7%), from €335,037 to €498,222
mainly Other debts (+€221,055) and Net result for the year (+€162,826)
- Tangible fixed assets +€8,762
up €8,762 (+119%), from €7,339 to €16,101
of which Other tangible fixed assets: +€8,744
- Other debts +€221,055
up €221,055 (+350%), from €63,071 to €284,126
- Reserves -€71,543
down €71,543 (-13.9%), from €514,510 to €442,967
- Tax, wage and social debts +€23,174
up €23,174 (+88.7%), from €26,128 to €49,302
- Gross operating margin +€54,660
up €54,660 (+35.0%), from €156,102 to €210,762
- Financial income +€9,881
new in 2025: €9,881
- Financial charges +€2,175
up €2,175 (+26.0%), from €8,361 to €10,536
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 | €616,369 | €790,218 | +€173,850 | +28.2% |
| Fixed assets | 21/28 | €7,339 | €16,101 | +€8,762 | +119% |
| Tangible fixed assets | 22/27 | €7,339 | €16,101 | +€8,762 | +119% |
| Furniture and vehicles | 24 | €5,152 | €5,170 | +€18 | +0.4% |
| Other tangible fixed assets | 26 | €2,187 | €10,931 | +€8,744 | +400% |
| Current assets | 29/58 | €609,030 | €774,117 | +€165,087 | +27.1% |
| Amounts receivable within one year | 40/41 | €25,249 | €22,627 | -€2,622 | -10.4% |
| Trade receivables | 40 | €25,249 | €22,627 | -€2,622 | -10.4% |
| Current investments | 50/53 | €246,247 | €248,561 | +€2,314 | +0.9% |
| Cash at bank and in hand | 54/58 | €335,037 | €498,222 | +€163,185 | +48.7% |
| Deferred charges and accrued income | 490/1 | €2,497 | €4,707 | +€2,211 | +88.6% |
| Total equity and liabilities | 10/49 | €616,369 | €790,218 | +€173,850 | +28.2% |
| Equity | 10/15 | €524,510 | €452,967 | -€71,543 | -13.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €514,510 | €442,967 | -€71,543 | -13.9% |
| Distributable reserves | 133 | €514,510 | €442,967 | -€71,543 | -13.9% |
| Amounts payable | 17/49 | €91,859 | €337,252 | +€245,392 | +267% |
| Amounts payable within one year | 42/48 | €91,859 | €337,252 | +€245,392 | +267% |
| Trade debts | 44 | €2,660 | €3,824 | +€1,164 | +43.8% |
| Suppliers | 440/4 | €2,660 | €3,824 | +€1,164 | +43.8% |
| Taxes, remuneration and social security | 45 | €26,128 | €49,302 | +€23,174 | +88.7% |
| Taxes | 450/3 | €26,128 | €49,302 | +€23,174 | +88.7% |
| Other amounts payable | 47/48 | €63,071 | €284,126 | +€221,055 | +350% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,258 | €3,364 | +€105 | +3.2% |
| Other operating charges | 640/8 | €387 | €2,248 | +€1,861 | +480% |
| Gross operating margin | 9900 | €156,102 | €210,762 | +€54,660 | +35.0% |
| Operating profit (loss) | 9901 | €152,456 | €205,150 | +€52,694 | +34.6% |
| Financial income | 75/76B | - | €9,881 | +€9,881 | |
| Recurring financial income | 75 | - | €9,881 | +€9,881 | |
| Financial charges | 65/66B | €8,361 | €10,536 | +€2,175 | +26.0% |
| Recurring financial charges | 65 | €8,361 | €10,536 | +€2,175 | +26.0% |
| Profit (loss) for the period before taxes | 9903 | €144,095 | €204,494 | +€60,399 | +41.9% |
| Income taxes | 67/77 | €41,946 | €41,668 | -€278 | -0.7% |
| Profit (loss) for the period | 9904 | €102,149 | €162,826 | +€60,677 | +59.4% |
| Profit (loss) for the period to be appropriated | 9905 | €102,149 | €162,826 | +€60,677 | +59.4% |
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 24 October 2026 via checked.be.