DELFISC: 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.
DELFISC
Largest movements
- Current investments +€100,000
up €100,000 (+100.0%), from €100,000 to €200,000
- Financial fixed assets +€82,731
up €82,731 (+17.4%), from €476,123 to €558,854
- Cash -€43,254
down €43,254 (-54.7%), from €79,015 to €35,761
mainly Current investments (-€100,000) and Investment in fixed assets (net) (-€82,731)
- Reserves +€93,966
up €93,966 (+17.3%), from €542,860 to €636,826
of which Tax-exempt reserves: +€63,150
- Debts after one year +€29,233
up €29,233 (+49.1%), from €59,524 to €88,757
- Current portion of long-term debt +€15,857
up €15,857 (+55.5%), from €28,571 to €44,428
- Tax, wage and social debts +€8,645
up €8,645 (+45.8%), from €18,877 to €27,521
of which Taxes: +€8,645
- Gross operating margin +€7,954
up €7,954 (+5.8%), from €136,305 to €144,259
- Taxes +€5,894
up €5,894 (+16.5%), from €35,745 to €41,639
- Financial income +€4,009
up €4,009 (+113.4%), from €3,534 to €7,543
- Financial charges +€1,493
up €1,493 (+78.7%), from €1,898 to €3,390
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 | €676,205 | €824,897 | +€148,692 | +22.0% |
| Fixed assets | 21/28 | €476,123 | €558,854 | +€82,731 | +17.4% |
| Financial fixed assets | 28 | €476,123 | €558,854 | +€82,731 | +17.4% |
| Current assets | 29/58 | €200,082 | €266,043 | +€65,961 | +33.0% |
| Amounts receivable within one year | 40/41 | €20,090 | €26,045 | +€5,955 | +29.6% |
| Trade receivables | 40 | €19,965 | €25,881 | +€5,916 | +29.6% |
| Other amounts receivable | 41 | €125 | €164 | +€40 | +31.8% |
| Current investments | 50/53 | €100,000 | €200,000 | +€100,000 | +100.0% |
| Cash at bank and in hand | 54/58 | €79,015 | €35,761 | -€43,254 | -54.7% |
| Deferred charges and accrued income | 490/1 | €977 | €4,237 | +€3,260 | +333.5% |
| Total equity and liabilities | 10/49 | €676,205 | €824,897 | +€148,692 | +22.0% |
| Equity | 10/15 | €562,092 | €656,058 | +€93,966 | +16.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €542,860 | €636,826 | +€93,966 | +17.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €63,150 | +€63,150 | |
| Distributable reserves | 133 | €541,000 | €571,816 | +€30,816 | +5.7% |
| Profit (loss) carried forward | 14 | €632 | €632 | = | 0.0% |
| Amounts payable | 17/49 | €114,113 | €168,839 | +€54,726 | +48.0% |
| Amounts payable after more than one year | 17 | €59,524 | €88,757 | +€29,233 | +49.1% |
| Financial debts | 170/4 | €59,524 | €88,757 | +€29,233 | +49.1% |
| Amounts payable within one year | 42/48 | €54,573 | €80,030 | +€25,457 | +46.6% |
| Current portion of amounts payable after more than one year | 42 | €28,571 | €44,428 | +€15,857 | +55.5% |
| Financial debts | 43 | €6,694 | €6,750 | +€56 | +0.8% |
| Credit institutions | 430/8 | €6,694 | €6,750 | +€56 | +0.8% |
| Trade debts | 44 | €405 | €730 | +€325 | +80.1% |
| Suppliers | 440/4 | €405 | €730 | +€325 | +80.1% |
| Taxes, remuneration and social security | 45 | €18,877 | €27,521 | +€8,645 | +45.8% |
| Taxes | 450/3 | €18,877 | €27,521 | +€8,645 | +45.8% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €25 | €600 | +€575 | +2267.5% |
| Accrued charges and deferred income | 492/3 | €16 | €52 | +€36 | +218.4% |
| Other operating charges | 640/8 | €2,111 | €2,806 | +€695 | +32.9% |
| Gross operating margin | 9900 | €136,305 | €144,259 | +€7,954 | +5.8% |
| Operating profit (loss) | 9901 | €134,194 | €141,452 | +€7,258 | +5.4% |
| Financial income | 75/76B | €3,534 | €7,543 | +€4,009 | +113.4% |
| Recurring financial income | 75 | €3,534 | €7,543 | +€4,009 | +113.4% |
| Financial charges | 65/66B | €1,898 | €3,390 | +€1,493 | +78.7% |
| Recurring financial charges | 65 | €1,898 | €3,390 | +€1,493 | +78.7% |
| Profit (loss) for the period before taxes | 9903 | €135,830 | €145,605 | +€9,775 | +7.2% |
| Income taxes | 67/77 | €35,745 | €41,639 | +€5,894 | +16.5% |
| Profit (loss) for the period | 9904 | €100,086 | €103,966 | +€3,881 | +3.9% |
| Transfer to tax-exempt reserves | 689 | - | €63,150 | +€63,150 | |
| Profit (loss) for the period to be appropriated | 9905 | €100,086 | €40,816 | -€59,269 | -59.2% |
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 8 October 2026 via checked.be.