Delos: 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.
Delos
Largest movements
- Tangible fixed assets -€107,929
down €107,929 (-64.9%), from €166,276 to €58,348
of which Furniture and vehicles: -€99,571
- Debts after one year -€53,116
down €53,116 (-75.1%), from €70,759 to €17,643
- Current portion of long-term debt -€20,912
down €20,912 (-55.3%), from €37,799 to €16,886
- Other debts -€14,458
down €14,458 (-14.2%), from €101,502 to €87,044
- Reserves -€11,984
down €11,984 (-100.0%), from €11,984 to €0
- Tax, wage and social debts -€10,740
down €10,740 (-49.6%), from €21,631 to €10,892
of which Taxes: -€11,098
- Gross operating margin +€58,018
up €58,018 (+50.2%), from €115,622 to €173,640
- Depreciation -€17,624
down €17,624 (-58.0%), from €30,374 to €12,750
- Taxes +€15,883
up €15,883 (+228.2%), from €6,961 to €22,844
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 | €268,374 | €160,799 | -€107,575 | -40.1% |
| Fixed assets | 21/28 | €166,276 | €58,348 | -€107,929 | -64.9% |
| Tangible fixed assets | 22/27 | €166,276 | €58,348 | -€107,929 | -64.9% |
| Plant, machinery and equipment | 23 | €1,902 | €1,846 | -€57 | -3.0% |
| Furniture and vehicles | 24 | €107,336 | €7,765 | -€99,571 | -92.8% |
| Other tangible fixed assets | 26 | €57,038 | €48,738 | -€8,301 | -14.6% |
| Current assets | 29/58 | €102,097 | €102,451 | +€354 | +0.3% |
| Amounts receivable within one year | 40/41 | €98,216 | €99,215 | +€999 | +1.0% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €98,216 | €99,215 | +€999 | +1.0% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €0 | - | = | |
| Deferred charges and accrued income | 490/1 | €3,881 | €3,236 | -€646 | -16.6% |
| Total equity and liabilities | 10/49 | €268,374 | €160,799 | -€107,575 | -40.1% |
| Equity | 10/15 | €30,584 | €18,600 | -€11,984 | -39.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €11,984 | €0 | -€11,984 | -100.0% |
| Distributable reserves | 133 | €11,984 | €0 | -€11,984 | -100.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €237,790 | €142,199 | -€95,591 | -40.2% |
| Amounts payable after more than one year | 17 | €70,759 | €17,643 | -€53,116 | -75.1% |
| Financial debts | 170/4 | €70,759 | €17,643 | -€53,116 | -75.1% |
| Amounts payable within one year | 42/48 | €167,031 | €124,556 | -€42,475 | -25.4% |
| Current portion of amounts payable after more than one year | 42 | €37,799 | €16,886 | -€20,912 | -55.3% |
| Financial debts | 43 | €5,230 | €5,346 | +€116 | +2.2% |
| Credit institutions | 430/8 | €5,230 | €5,346 | +€116 | +2.2% |
| Trade debts | 44 | €869 | €4,388 | +€3,519 | +404.7% |
| Suppliers | 440/4 | €869 | €4,388 | +€3,519 | +404.7% |
| Taxes, remuneration and social security | 45 | €21,631 | €10,892 | -€10,740 | -49.6% |
| Taxes | 450/3 | €15,942 | €4,844 | -€11,098 | -69.6% |
| Remuneration and social security | 454/9 | €5,689 | €6,047 | +€358 | +6.3% |
| Other amounts payable | 47/48 | €101,502 | €87,044 | -€14,458 | -14.2% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €429 | €0 | -€429 | -100.0% |
| Remuneration, social security and pensions | 62 | €47,828 | €49,190 | +€1,362 | +2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,374 | €12,750 | -€17,624 | -58.0% |
| Other operating charges | 640/8 | €1,333 | €1,115 | -€218 | -16.3% |
| Non-recurring operating charges | 66A | €13,044 | €14,483 | +€1,438 | +11.0% |
| Gross operating margin | 9900 | €115,622 | €173,640 | +€58,018 | +50.2% |
| Operating profit (loss) | 9901 | €23,043 | €96,102 | +€73,059 | +317.1% |
| Financial income | 75/76B | €6,731 | €5,131 | -€1,600 | -23.8% |
| Recurring financial income | 75 | €6,731 | €5,131 | -€1,600 | -23.8% |
| Financial charges | 65/66B | €1,875 | €3,328 | +€1,453 | +77.5% |
| Recurring financial charges | 65 | €1,875 | €3,328 | +€1,453 | +77.5% |
| Profit (loss) for the period before taxes | 9903 | €27,899 | €97,905 | +€70,006 | +250.9% |
| Income taxes | 67/77 | €6,961 | €22,844 | +€15,883 | +228.2% |
| Profit (loss) for the period | 9904 | €20,938 | €75,061 | +€54,123 | +258.5% |
| Profit (loss) for the period to be appropriated | 9905 | €20,938 | €75,061 | +€54,123 | +258.5% |
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 2 October 2026 via checked.be.