DELIFROST: 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.
DELIFROST
Largest movements
- Cash -€18,935
down €18,935 (-75.5%), from €25,072 to €6,137
mainly Contributions, distributions and other (-€15,460) and Receivables within one year (-€14,072)
- Receivables within one year +€14,072
up €14,072 (+862.3%), from €1,632 to €15,704
of which Other amounts receivable: +€14,058
- Tangible fixed assets -€12,006
down €12,006 (-10.2%), from €117,281 to €105,275
of which Leasing and similar rights: -€12,718
- Deferred charges and accrued income +€9,857
up €9,857 (+474.7%), from €2,077 to €11,933
- Other debts +€9,853
up €9,853 (+89.4%), from €11,018 to €20,872
- Debts after one year -€6,263
no longer reported in 2025 (was €6,263)
- Current portion of long-term debt -€5,264
down €5,264 (-45.7%), from €11,527 to €6,263
- Tax, wage and social debts +€3,156
up €3,156 (+42.8%), from €7,366 to €10,523
of which Taxes: +€3,149
- Reserves -€3,000
down €3,000 (-4.4%), from €68,687 to €65,687
- Gross operating margin -€8,861
down €8,861 (-17.7%), from €50,078 to €41,218
- Financial charges -€824
down €824 (-38.6%), from €2,137 to €1,313
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 | €151,375 | €145,360 | -€6,015 | -4.0% |
| Fixed assets | 21/28 | €117,281 | €105,275 | -€12,006 | -10.2% |
| Tangible fixed assets | 22/27 | €117,281 | €105,275 | -€12,006 | -10.2% |
| Plant, machinery and equipment | 23 | €5,785 | €7,833 | +€2,049 | +35.4% |
| Furniture and vehicles | 24 | €5,109 | €3,772 | -€1,337 | -26.2% |
| Leasing and similar rights | 25 | €106,388 | €93,670 | -€12,718 | -12.0% |
| Current assets | 29/58 | €34,094 | €40,085 | +€5,991 | +17.6% |
| Stocks and contracts in progress | 3 | €5,313 | €6,310 | +€997 | +18.8% |
| Stocks | 30/36 | €5,313 | €6,310 | +€997 | +18.8% |
| Amounts receivable within one year | 40/41 | €1,632 | €15,704 | +€14,072 | +862.3% |
| Trade receivables | 40 | - | €14 | +€14 | |
| Other amounts receivable | 41 | €1,632 | €15,690 | +€14,058 | +861.4% |
| Cash at bank and in hand | 54/58 | €25,072 | €6,137 | -€18,935 | -75.5% |
| Deferred charges and accrued income | 490/1 | €2,077 | €11,933 | +€9,857 | +474.7% |
| Total equity and liabilities | 10/49 | €151,375 | €145,360 | -€6,015 | -4.0% |
| Equity | 10/15 | €88,396 | €83,571 | -€4,825 | -5.5% |
| Contributions | 10/11 | €7,437 | €7,437 | = | 0.0% |
| Reserves | 13 | €68,687 | €65,687 | -€3,000 | -4.4% |
| Distributable reserves | 133 | €68,687 | €65,687 | -€3,000 | -4.4% |
| Profit (loss) carried forward | 14 | €12,272 | €10,447 | -€1,825 | -14.9% |
| Provisions and deferred taxes | 16 | €17,600 | €17,600 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €17,600 | €17,600 | = | 0.0% |
| Pensions and similar obligations | 160 | €17,600 | €17,600 | = | 0.0% |
| Amounts payable | 17/49 | €45,379 | €44,189 | -€1,191 | -2.6% |
| Amounts payable after more than one year | 17 | €6,263 | - | -€6,263 | |
| Financial debts | 170/4 | €6,263 | - | -€6,263 | |
| Amounts payable within one year | 42/48 | €38,235 | €43,674 | +€5,439 | +14.2% |
| Current portion of amounts payable after more than one year | 42 | €11,527 | €6,263 | -€5,264 | -45.7% |
| Trade debts | 44 | €5,778 | €3,652 | -€2,126 | -36.8% |
| Suppliers | 440/4 | €5,778 | €3,652 | -€2,126 | -36.8% |
| Advances received on contracts in progress | 46 | €2,545 | €2,365 | -€180 | -7.1% |
| Taxes, remuneration and social security | 45 | €7,366 | €10,523 | +€3,156 | +42.8% |
| Taxes | 450/3 | €3,844 | €6,993 | +€3,149 | +81.9% |
| Remuneration and social security | 454/9 | €3,523 | €3,530 | +€8 | +0.2% |
| Other amounts payable | 47/48 | €11,018 | €20,872 | +€9,853 | +89.4% |
| Accrued charges and deferred income | 492/3 | €881 | €514 | -€367 | -41.6% |
| Remuneration, social security and pensions | 62 | €6,235 | €5,767 | -€469 | -7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,474 | €16,653 | +€179 | +1.1% |
| Other operating charges | 640/8 | €2,719 | €2,955 | +€236 | +8.7% |
| Gross operating margin | 9900 | €50,078 | €41,218 | -€8,861 | -17.7% |
| Operating profit (loss) | 9901 | €24,650 | €15,843 | -€8,807 | -35.7% |
| Financial income | 75/76B | €118 | €565 | +€446 | +376.9% |
| Recurring financial income | 75 | €118 | €565 | +€446 | +376.9% |
| Financial charges | 65/66B | €2,137 | €1,313 | -€824 | -38.6% |
| Recurring financial charges | 65 | €2,137 | €1,313 | -€824 | -38.6% |
| Profit (loss) for the period before taxes | 9903 | €22,632 | €15,095 | -€7,536 | -33.3% |
| Income taxes | 67/77 | €4,220 | €4,460 | +€240 | +5.7% |
| Profit (loss) for the period | 9904 | €18,412 | €10,635 | -€7,777 | -42.2% |
| Profit (loss) for the period to be appropriated | 9905 | €18,412 | €10,635 | -€7,777 | -42.2% |
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 30 September 2026 via checked.be.