DELFINKA: 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.
What changed
DELFINKA
NACE 64.999, Other financial services
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€15,122
2024 · €201,836-€186,714
Equity
€3.4m
2024 · €470,835+€2.9m
Cash
€233,481
2024 · €252,144-€18,663
Balance sheet total
€3.8m
2024 · €862,813+€2.9m
Largest movements
Assets
- Financial fixed assets +€2.9m
up €2.9m (+2,548%), from €113,809 to €3.0m
- Receivables within one year +€72,702
up €72,702 (+22.1%), from €329,297 to €401,999
of which Other amounts receivable: +€73,697
Equity and liabilities
- Contributions +€2.9m
up €2.9m (+23,386%), from €12,401 to €2.9m
Income statement
- Financial income -€154,151
down €154,151 (-89.6%), from €172,056 to €17,905
- Gross operating margin -€54,489
down €54,489 (-37.9%), from €143,679 to €89,190
- Taxes -€35,475
down €35,475 (-76.2%), from €46,558 to €11,083
- Financial charges +€12,213
up €12,213 (+41.1%), from €29,681 to €41,893
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.
Result 2024
€201,836
Gross operating margin
-€54,489
Depreciation
-€1,164
Other operating charges
-€171
Financial income
-€154,151
Financial charges
-€12,213
Taxes
+€35,475
Result 2025
€15,122
raises the resultlowers the result
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.
From operations
+€3,718
Investment
-€2.9m
Financing
+€2.9m
Cash 2024
€252,144
From operations (derived)
+€3,718
Net result for the year
+€15,122
Depreciation
+€35,985
Receivables within one year
-€72,702
Smaller working-capital items
-€1,161
Other debts
+€26,474
Investment (derived)
-€2.9m
Investment in fixed assets (net)
-€2.9m
Financing
+€2.9m
Debts after one year
-€8,603
Current portion of long-term debt
-€5,463
Contributions, distributions and other
+€2.9m
Cash 2025
€233,481
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €862,813 | €3,778,787 | +€2.9m | +338% |
| Fixed assets | 21/28 | €274,452 | €3,138,467 | +€2.9m | +1,044% |
| Tangible fixed assets | 22/27 | €160,643 | €124,659 | -€35,985 | -22.4% |
| Plant, machinery and equipment | 23 | €4,007 | €2,542 | -€1,465 | -36.6% |
| Furniture and vehicles | 24 | €56,458 | €42,050 | -€14,408 | -25.5% |
| Other tangible fixed assets | 26 | €100,179 | €80,066 | -€20,113 | -20.1% |
| Financial fixed assets | 28 | €113,809 | €3,013,809 | +€2.9m | +2,548% |
| Current assets | 29/58 | €588,361 | €640,320 | +€51,960 | +8.8% |
| Amounts receivable within one year | 40/41 | €329,297 | €401,999 | +€72,702 | +22.1% |
| Trade receivables | 40 | €995 | - | -€995 | |
| Other amounts receivable | 41 | €328,302 | €401,999 | +€73,697 | +22.4% |
| Cash at bank and in hand | 54/58 | €252,144 | €233,481 | -€18,663 | -7.4% |
| Deferred charges and accrued income | 490/1 | €6,920 | €4,840 | -€2,079 | -30.1% |
| Total equity and liabilities | 10/49 | €862,813 | €3,778,787 | +€2.9m | +338% |
| Equity | 10/15 | €470,835 | €3,377,641 | +€2.9m | +617% |
| Contributions | 10/11 | €12,401 | €2,912,401 | +€2.9m | +23,386% |
| Reserves | 13 | €458,434 | €465,241 | +€6,807 | +1.5% |
| Tax-exempt reserves | 132 | €9,170 | €9,170 | = | 0.0% |
| Distributable reserves | 133 | €449,265 | €456,071 | +€6,807 | +1.5% |
| Amounts payable | 17/49 | €391,978 | €401,146 | +€9,168 | +2.3% |
| Amounts payable after more than one year | 17 | €42,348 | €33,745 | -€8,603 | -20.3% |
| Financial debts | 170/4 | €42,348 | €33,745 | -€8,603 | -20.3% |
| Amounts payable within one year | 42/48 | €349,225 | €366,975 | +€17,750 | +5.1% |
| Current portion of amounts payable after more than one year | 42 | €14,066 | €8,603 | -€5,463 | -38.8% |
| Trade debts | 44 | €4,647 | €784 | -€3,863 | -83.1% |
| Suppliers | 440/4 | €4,647 | €784 | -€3,863 | -83.1% |
| Taxes, remuneration and social security | 45 | €12,510 | €13,111 | +€601 | +4.8% |
| Taxes | 450/3 | €12,510 | €13,111 | +€601 | +4.8% |
| Other amounts payable | 47/48 | €318,003 | €344,477 | +€26,474 | +8.3% |
| Accrued charges and deferred income | 492/3 | €405 | €426 | +€21 | +5.3% |
| Non-recurring operating income | 76A | €3,712 | - | -€3,712 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,820 | €35,985 | +€1,164 | +3.3% |
| Other operating charges | 640/8 | €2,841 | €3,012 | +€171 | +6.0% |
| Gross operating margin | 9900 | €143,679 | €89,190 | -€54,489 | -37.9% |
| Operating profit (loss) | 9901 | €106,018 | €50,193 | -€55,825 | -52.7% |
| Financial income | 75/76B | €172,056 | €17,905 | -€154,151 | -89.6% |
| Recurring financial income | 75 | €172,056 | €17,905 | -€154,151 | -89.6% |
| Financial charges | 65/66B | €29,681 | €41,893 | +€12,213 | +41.1% |
| Recurring financial charges | 65 | €29,681 | €41,893 | +€12,213 | +41.1% |
| Profit (loss) for the period before taxes | 9903 | €248,393 | €26,205 | -€222,189 | -89.5% |
| Income taxes | 67/77 | €46,558 | €11,083 | -€35,475 | -76.2% |
| Profit (loss) for the period | 9904 | €201,836 | €15,122 | -€186,714 | -92.5% |
| Profit (loss) for the period to be appropriated | 9905 | €201,836 | €15,122 | -€186,714 | -92.5% |
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 31 October 2026 via checked.be.