DELGIRO: 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.
DELGIRO
Largest movements
- Cash +€381,813
up €381,813 (+116.6%), from €327,315 to €709,128
mainly Net result for the year (+€410,392) and Current investments (+€315,000)
- Current investments -€315,000
down €315,000 (-100.0%), from €315,000 to €0
- Receivables within one year +€218,586
up €218,586 (+71.1%), from €307,303 to €525,889
of which Trade receivables: +€178,661
- Deferred charges and accrued income +€67,318
up €67,318 (+196.9%), from €34,195 to €101,514
- Stocks and contracts -€51,722
down €51,722 (-7.5%), from €687,411 to €635,689
- Reserves +€410,392
up €410,392 (+27.3%), from €1.5m to €1.9m
- Other debts -€232,300
down €232,300 (-89.4%), from €259,823 to €27,524
- Trade debts +€140,404
up €140,404 (+272.8%), from €51,474 to €191,878
- Tax, wage and social debts -€64,088
down €64,088 (-80.2%), from €79,958 to €15,870
of which Taxes: -€64,088
- Depreciation +€20,375
up €20,375 (+39.8%), from €51,163 to €71,538
- Gross operating margin +€13,157
up €13,157 (+2.0%), from €673,575 to €686,732
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 | €1,932,138 | €2,190,488 | +€258,351 | +13.4% |
| Fixed assets | 21/28 | €260,913 | €218,268 | -€42,645 | -16.3% |
| Tangible fixed assets | 22/27 | €260,550 | €217,905 | -€42,645 | -16.4% |
| Land and buildings | 22 | €104,085 | €112,638 | +€8,553 | +8.2% |
| Plant, machinery and equipment | 23 | €20,262 | €18,033 | -€2,229 | -11.0% |
| Furniture and vehicles | 24 | €136,203 | €87,234 | -€48,969 | -36.0% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €1,671,224 | €1,972,220 | +€300,996 | +18.0% |
| Stocks and contracts in progress | 3 | €687,411 | €635,689 | -€51,722 | -7.5% |
| Stocks | 30/36 | €687,411 | €635,689 | -€51,722 | -7.5% |
| Amounts receivable within one year | 40/41 | €307,303 | €525,889 | +€218,586 | +71.1% |
| Trade receivables | 40 | €304,062 | €482,722 | +€178,661 | +58.8% |
| Other amounts receivable | 41 | €3,241 | €43,167 | +€39,926 | +1231.9% |
| Current investments | 50/53 | €315,000 | €0 | -€315,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €327,315 | €709,128 | +€381,813 | +116.6% |
| Deferred charges and accrued income | 490/1 | €34,195 | €101,514 | +€67,318 | +196.9% |
| Total equity and liabilities | 10/49 | €1,932,138 | €2,190,488 | +€258,351 | +13.4% |
| Equity | 10/15 | €1,520,587 | €1,930,979 | +€410,392 | +27.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €1,500,587 | €1,910,979 | +€410,392 | +27.3% |
| Distributable reserves | 133 | €1,500,587 | €1,910,979 | +€410,392 | +27.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €411,551 | €259,509 | -€152,042 | -36.9% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €392,528 | €235,271 | -€157,257 | -40.1% |
| Current portion of amounts payable after more than one year | 42 | €1,273 | €0 | -€1,273 | -100.0% |
| Trade debts | 44 | €51,474 | €191,878 | +€140,404 | +272.8% |
| Suppliers | 440/4 | €51,474 | €191,878 | +€140,404 | +272.8% |
| Taxes, remuneration and social security | 45 | €79,958 | €15,870 | -€64,088 | -80.2% |
| Taxes | 450/3 | €79,958 | €15,870 | -€64,088 | -80.2% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €259,823 | €27,524 | -€232,300 | -89.4% |
| Accrued charges and deferred income | 492/3 | €19,022 | €24,238 | +€5,216 | +27.4% |
| Remuneration, social security and pensions | 62 | €5,027 | €281 | -€4,746 | -94.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,163 | €71,538 | +€20,375 | +39.8% |
| Other operating charges | 640/8 | €6,814 | €6,648 | -€166 | -2.4% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €673,575 | €686,732 | +€13,157 | +2.0% |
| Operating profit (loss) | 9901 | €610,571 | €608,265 | -€2,306 | -0.4% |
| Financial income | 75/76B | €6,669 | €4,637 | -€2,032 | -30.5% |
| Recurring financial income | 75 | €6,669 | €4,637 | -€2,032 | -30.5% |
| Financial charges | 65/66B | €8,972 | €13,177 | +€4,206 | +46.9% |
| Recurring financial charges | 65 | €8,972 | €13,177 | +€4,206 | +46.9% |
| Profit (loss) for the period before taxes | 9903 | €608,269 | €599,725 | -€8,543 | -1.4% |
| Income taxes | 67/77 | €191,693 | €189,333 | -€2,360 | -1.2% |
| Profit (loss) for the period | 9904 | €416,576 | €410,392 | -€6,184 | -1.5% |
| Profit (loss) for the period to be appropriated | 9905 | €416,576 | €410,392 | -€6,184 | -1.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.