DELPH'INFI: 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.
DELPH'INFI
Largest movements
- Intangible fixed assets -€21,435
down €21,435 (-19.7%), from €108,833 to €87,398
- Deferred charges and accrued income -€16,466
down €16,466 (-98.8%), from €16,669 to €203
- Cash -€16,205
down €16,205 (-59.2%), from €27,362 to €11,157
mainly Other debts (-€51,400) and Net result for the year (-€38,030)
- Tangible fixed assets -€12,193
down €12,193 (-32.5%), from €37,477 to €25,284
- Receivables within one year +€2,349
up €2,349 (+72.4%), from €3,243 to €5,592
- Other debts -€51,400
down €51,400 (-100.0%), from €51,400 to €0
- Profit (loss) carried forward -€20,317
new in 2025: -€20,317
- Debts after one year +€20,166
up €20,166 (+20.8%), from €96,952 to €117,118
- Reserves -€17,712
down €17,712 (-100.0%), from €17,712 to €0
- Current portion of long-term debt +€9,523
up €9,523 (+55.0%), from €17,311 to €26,834
- Gross operating margin -€50,153
down €50,153 (-94.0%), from €53,342 to €3,189
- Taxes -€4,048
down €4,048 (-87.4%), from €4,631 to €583
- Financial charges -€2,583
down €2,583 (-29.8%), from €8,665 to €6,083
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 | €193,585 | €129,635 | -€63,950 | -33.0% |
| Fixed assets | 21/28 | €146,310 | €112,682 | -€33,628 | -23.0% |
| Intangible fixed assets | 21 | €108,833 | €87,398 | -€21,435 | -19.7% |
| Tangible fixed assets | 22/27 | €37,477 | €25,284 | -€12,193 | -32.5% |
| Furniture and vehicles | 24 | €37,477 | €25,284 | -€12,193 | -32.5% |
| Current assets | 29/58 | €47,274 | €16,952 | -€30,322 | -64.1% |
| Amounts receivable within one year | 40/41 | €3,243 | €5,592 | +€2,349 | +72.4% |
| Other amounts receivable | 41 | €3,243 | €5,592 | +€2,349 | +72.4% |
| Cash at bank and in hand | 54/58 | €27,362 | €11,157 | -€16,205 | -59.2% |
| Deferred charges and accrued income | 490/1 | €16,669 | €203 | -€16,466 | -98.8% |
| Total equity and liabilities | 10/49 | €193,585 | €129,635 | -€63,950 | -33.0% |
| Equity | 10/15 | €23,712 | -€14,317 | -€38,030 | |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €17,712 | €0 | -€17,712 | -100.0% |
| Distributable reserves | 133 | €17,712 | €0 | -€17,712 | -100.0% |
| Profit (loss) carried forward | 14 | - | -€20,317 | -€20,317 | |
| Amounts payable | 17/49 | €169,872 | €143,952 | -€25,920 | -15.3% |
| Amounts payable after more than one year | 17 | €96,952 | €117,118 | +€20,166 | +20.8% |
| Financial debts | 170/4 | €96,952 | €117,118 | +€20,166 | +20.8% |
| Amounts payable within one year | 42/48 | €72,620 | €26,834 | -€45,786 | -63.0% |
| Current portion of amounts payable after more than one year | 42 | €17,311 | €26,834 | +€9,523 | +55.0% |
| Trade debts | 44 | €1,409 | €0 | -€1,409 | -100.0% |
| Suppliers | 440/4 | €1,409 | €0 | -€1,409 | -100.0% |
| Taxes, remuneration and social security | 45 | €2,500 | €0 | -€2,500 | -100.0% |
| Remuneration and social security | 454/9 | €2,500 | €0 | -€2,500 | -100.0% |
| Other amounts payable | 47/48 | €51,400 | €0 | -€51,400 | -100.0% |
| Accrued charges and deferred income | 492/3 | €300 | €0 | -€300 | -100.0% |
| Remuneration, social security and pensions | 62 | €309 | €0 | -€309 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,198 | €33,628 | +€430 | +1.3% |
| Other operating charges | 640/8 | €846 | €925 | +€80 | +9.4% |
| Gross operating margin | 9900 | €53,342 | €3,189 | -€50,153 | -94.0% |
| Operating profit (loss) | 9901 | €18,989 | -€31,364 | -€50,353 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €8,665 | €6,083 | -€2,583 | -29.8% |
| Recurring financial charges | 65 | €8,665 | €6,083 | -€2,583 | -29.8% |
| Profit (loss) for the period before taxes | 9903 | €10,324 | -€37,446 | -€47,770 | |
| Income taxes | 67/77 | €4,631 | €583 | -€4,048 | -87.4% |
| Profit (loss) for the period | 9904 | €5,693 | -€38,030 | -€43,722 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,693 | -€38,030 | -€43,722 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.