DELFY: 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.
DELFY
Largest movements
- Tangible fixed assets -€24,242
down €24,242 (-14.0%), from €172,818 to €148,576
of which Land and buildings: -€21,808
- Cash +€22,139
up €22,139 (+93.4%), from €23,706 to €45,845
mainly Net result for the year (+€45,386) and Depreciation (+€24,243)
- Receivables within one year +€5,671
up €5,671 (+6.0%), from €94,893 to €100,564
of which Other amounts receivable: +€5,691
- Profit (loss) carried forward +€33,386
up €33,386 (+32.5%), from €102,615 to €136,001
- Trade debts -€25,786
down €25,786 (-39.3%), from €65,645 to €39,859
- Debts after one year -€12,046
down €12,046 (-17.1%), from €70,489 to €58,443
- Current portion of long-term debt -€9,935
down €9,935 (-45.2%), from €21,981 to €12,046
- Tax, wage and social debts +€9,870
up €9,870 (+27.3%), from €36,152 to €46,022
of which Taxes: +€18,622
- Gross operating margin +€48,739
up €48,739 (+30.4%), from €160,139 to €208,878
- Taxes +€14,700
up €14,700 (+308.2%), from €4,769 to €19,469
- Other operating charges -€5,513
down €5,513 (-65.0%), from €8,485 to €2,972
- Financial charges -€3,423
down €3,423 (-37.5%), from €9,129 to €5,706
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €341,251 | €344,111 | +€2,860 | +0.8% |
| Fixed assets | 21/28 | €174,918 | €150,676 | -€24,242 | -13.9% |
| Tangible fixed assets | 22/27 | €172,818 | €148,576 | -€24,242 | -14.0% |
| Land and buildings | 22 | €163,042 | €141,234 | -€21,808 | -13.4% |
| Furniture and vehicles | 24 | €9,776 | €7,342 | -€2,434 | -24.9% |
| Financial fixed assets | 28 | €2,100 | €2,100 | = | 0.0% |
| Current assets | 29/58 | €166,333 | €193,435 | +€27,102 | +16.3% |
| Stocks and contracts in progress | 3 | €45,738 | €46,803 | +€1,065 | +2.3% |
| Stocks | 30/36 | €45,738 | €46,803 | +€1,065 | +2.3% |
| Amounts receivable within one year | 40/41 | €94,893 | €100,564 | +€5,671 | +6.0% |
| Trade receivables | 40 | €51,677 | €51,657 | -€20 | 0.0% |
| Other amounts receivable | 41 | €43,216 | €48,907 | +€5,691 | +13.2% |
| Cash at bank and in hand | 54/58 | €23,706 | €45,845 | +€22,139 | +93.4% |
| Deferred charges and accrued income | 490/1 | €1,996 | €223 | -€1,773 | -88.8% |
| Total equity and liabilities | 10/49 | €341,251 | €344,111 | +€2,860 | +0.8% |
| Equity | 10/15 | €146,984 | €180,370 | +€33,386 | +22.7% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €37,369 | €37,369 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,100 | €2,100 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,100 | €2,100 | = | 0.0% |
| Tax-exempt reserves | 132 | €30,269 | €30,269 | = | 0.0% |
| Distributable reserves | 133 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €102,615 | €136,001 | +€33,386 | +32.5% |
| Amounts payable | 17/49 | €194,267 | €163,741 | -€30,526 | -15.7% |
| Amounts payable after more than one year | 17 | €70,489 | €58,443 | -€12,046 | -17.1% |
| Financial debts | 170/4 | €70,489 | €58,443 | -€12,046 | -17.1% |
| Amounts payable within one year | 42/48 | €123,778 | €97,927 | -€25,851 | -20.9% |
| Current portion of amounts payable after more than one year | 42 | €21,981 | €12,046 | -€9,935 | -45.2% |
| Trade debts | 44 | €65,645 | €39,859 | -€25,786 | -39.3% |
| Suppliers | 440/4 | €65,645 | €39,859 | -€25,786 | -39.3% |
| Taxes, remuneration and social security | 45 | €36,152 | €46,022 | +€9,870 | +27.3% |
| Taxes | 450/3 | €13,121 | €31,743 | +€18,622 | +141.9% |
| Remuneration and social security | 454/9 | €23,031 | €14,279 | -€8,752 | -38.0% |
| Accrued charges and deferred income | 492/3 | - | €7,371 | +€7,371 | |
| Remuneration, social security and pensions | 62 | €104,205 | €105,444 | +€1,239 | +1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,242 | €24,243 | +€1 | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €8,000 | €8,000 | = | 0.0% |
| Other operating charges | 640/8 | €8,485 | €2,972 | -€5,513 | -65.0% |
| Non-recurring operating charges | 66A | €1,740 | - | -€1,740 | |
| Gross operating margin | 9900 | €160,139 | €208,878 | +€48,739 | +30.4% |
| Operating profit (loss) | 9901 | €13,467 | €68,219 | +€54,752 | +406.6% |
| Financial income | 75/76B | €2,778 | €2,342 | -€436 | -15.7% |
| Recurring financial income | 75 | €2,778 | €2,342 | -€436 | -15.7% |
| Financial charges | 65/66B | €9,129 | €5,706 | -€3,423 | -37.5% |
| Recurring financial charges | 65 | €9,129 | €5,706 | -€3,423 | -37.5% |
| Profit (loss) for the period before taxes | 9903 | €7,116 | €64,855 | +€57,739 | +811.4% |
| Income taxes | 67/77 | €4,769 | €19,469 | +€14,700 | +308.2% |
| Profit (loss) for the period | 9904 | €2,347 | €45,386 | +€43,039 | +1833.8% |
| Profit (loss) for the period to be appropriated | 9905 | €2,347 | €45,386 | +€43,039 | +1833.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.