DELPAT: 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.
What changed
DELPAT
NACE 70.200, Business and other management consultancy
financial year 2026 compared with 2025filed annual accounts (NBB)
Net result for the year
€642,477
2025 · €180,109+€462,368
Equity
€1.8m
2025 · €1.2m+€640,811
Cash
€698,140
2025 · €170,237+€527,903
Balance sheet total
€2.8m
2025 · €2.2m+€553,392
Largest movements
Assets
- Cash +€527,903
up €527,903 (+310%), from €170,237 to €698,140
mainly Net result for the year (+€642,477) and Depreciation (+€201,120)
- Financial fixed assets +€180,000
up €180,000 (+30,000%), from €600 to €180,600
- Tangible fixed assets -€151,922
down €151,922 (-8.4%), from €1.8m to €1.7m
- Deferred charges and accrued income -€31,207
down €31,207 (-66.8%), from €46,698 to €15,491
Equity and liabilities
- Reserves +€640,811
up €640,811 (+59.9%), from €1.1m to €1.7m
of which Distributable reserves: +€398,234
- Debts after one year -€170,042
down €170,042 (-25.5%), from €666,026 to €495,984
- Tax, wage and social debts +€133,301
up €133,301 (+466%), from €28,578 to €161,879
of which Taxes: +€137,512
- Trade debts -€35,642
down €35,642 (-91.1%), from €39,144 to €3,502
- Short-term financial debts -€29,377
down €29,377 (-100%), from €29,377 to €0
Income statement
- Gross operating margin +€642,637
up €642,637 (+104%), from €620,018 to €1.3m
- Taxes +€197,893
up €197,893 (+272%), from €72,777 to €270,670
From the 2025 result to the 2026 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.
Result 2025
€180,109
Gross operating margin
+€642,637
Staff costs
+€4,370
Depreciation
-€6,047
Other operating charges
-€7,944
Other operating items
+€35,552
Financial income
-€5,658
Financial charges
-€2,648
Taxes
-€197,893
Result 2026
€642,477
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€963,748
Investment
-€229,198
Financing
-€206,647
Cash 2025
€170,237
From operations (derived)
+€963,748
Net result for the year
+€642,477
Depreciation
+€201,120
Stocks and contracts
-€13,598
Receivables within one year
-€15,021
Deferred charges and accrued income
+€31,207
Trade debts
-€35,642
Tax, wage and social debts
+€133,301
Other debts
+€19,903
Investment (derived)
-€229,198
Investment in fixed assets (net)
-€229,198
Financing
-€206,647
Debts after one year
-€170,042
Current portion of long-term debt
-€5,562
Short-term financial debts
-€29,377
Contributions, distributions and other
-€1,666
Cash 2026
€698,140
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,225,523 | €2,778,915 | +€553,392 | +24.9% |
| Fixed assets | 21/28 | €1,818,659 | €1,846,737 | +€28,078 | +1.5% |
| Tangible fixed assets | 22/27 | €1,818,059 | €1,666,137 | -€151,922 | -8.4% |
| Land and buildings | 22 | €1,361,546 | €1,304,559 | -€56,987 | -4.2% |
| Plant, machinery and equipment | 23 | €24,320 | €14,206 | -€10,115 | -41.6% |
| Furniture and vehicles | 24 | €233,469 | €178,982 | -€54,487 | -23.3% |
| Other tangible fixed assets | 26 | €198,724 | €168,389 | -€30,334 | -15.3% |
| Financial fixed assets | 28 | €600 | €180,600 | +€180,000 | +30,000% |
| Current assets | 29/58 | €406,864 | €932,178 | +€525,314 | +129% |
| Stocks and contracts in progress | 3 | €162,005 | €175,603 | +€13,598 | +8.4% |
| Stocks | 30/36 | €162,005 | €175,603 | +€13,598 | +8.4% |
| Amounts receivable within one year | 40/41 | €27,924 | €42,944 | +€15,021 | +53.8% |
| Trade receivables | 40 | €24,675 | €22,500 | -€2,175 | -8.8% |
| Other amounts receivable | 41 | €3,249 | €20,444 | +€17,196 | +529% |
| Cash at bank and in hand | 54/58 | €170,237 | €698,140 | +€527,903 | +310% |
| Deferred charges and accrued income | 490/1 | €46,698 | €15,491 | -€31,207 | -66.8% |
| Total equity and liabilities | 10/49 | €2,225,523 | €2,778,915 | +€553,392 | +24.9% |
| Equity | 10/15 | €1,207,060 | €1,847,870 | +€640,811 | +53.1% |
| Contributions | 10/11 | €137,100 | €137,100 | = | 0.0% |
| Reserves | 13 | €1,069,960 | €1,710,770 | +€640,811 | +59.9% |
| Tax-exempt reserves | 132 | €378,900 | €621,476 | +€242,576 | +64.0% |
| Distributable reserves | 133 | €691,060 | €1,089,294 | +€398,234 | +57.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,018,463 | €931,045 | -€87,419 | -8.6% |
| Amounts payable after more than one year | 17 | €666,026 | €495,984 | -€170,042 | -25.5% |
| Financial debts | 170/4 | €666,026 | €495,984 | -€170,042 | -25.5% |
| Amounts payable within one year | 42/48 | €352,437 | €435,061 | +€82,624 | +23.4% |
| Current portion of amounts payable after more than one year | 42 | €175,604 | €170,042 | -€5,562 | -3.2% |
| Financial debts | 43 | €29,377 | €0 | -€29,377 | -100% |
| Credit institutions | 430/8 | €29,377 | €0 | -€29,377 | -100% |
| Trade debts | 44 | €39,144 | €3,502 | -€35,642 | -91.1% |
| Suppliers | 440/4 | €39,144 | €3,502 | -€35,642 | -91.1% |
| Taxes, remuneration and social security | 45 | €28,578 | €161,879 | +€133,301 | +466% |
| Taxes | 450/3 | €13,474 | €150,986 | +€137,512 | +1,021% |
| Remuneration and social security | 454/9 | €15,104 | €10,893 | -€4,211 | -27.9% |
| Other amounts payable | 47/48 | €79,734 | €99,637 | +€19,903 | +25.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €110,790 | €106,420 | -€4,370 | -3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €195,073 | €201,120 | +€6,047 | +3.1% |
| Other operating charges | 640/8 | €15,868 | €23,812 | +€7,944 | +50.1% |
| Non-recurring operating charges | 66A | €35,552 | €0 | -€35,552 | -100% |
| Gross operating margin | 9900 | €620,018 | €1,262,655 | +€642,637 | +104% |
| Operating profit (loss) | 9901 | €262,735 | €931,303 | +€668,568 | +254% |
| Financial income | 75/76B | €7,180 | €1,521 | -€5,658 | -78.8% |
| Recurring financial income | 75 | €7,180 | €1,521 | -€5,658 | -78.8% |
| Financial charges | 65/66B | €17,029 | €19,678 | +€2,648 | +15.6% |
| Recurring financial charges | 65 | €17,029 | €19,678 | +€2,648 | +15.6% |
| Profit (loss) for the period before taxes | 9903 | €252,885 | €913,147 | +€660,262 | +261% |
| Income taxes | 67/77 | €72,777 | €270,670 | +€197,893 | +272% |
| Profit (loss) for the period | 9904 | €180,109 | €642,477 | +€462,368 | +257% |
| Transfer from tax-exempt reserves | 789 | - | €52,124 | +€52,124 | |
| Transfer to tax-exempt reserves | 689 | €84,200 | €294,700 | +€210,500 | +250% |
| Profit (loss) for the period to be appropriated | 9905 | €95,909 | €399,900 | +€303,992 | +317% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.