DELPHES: 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.
DELPHES
Largest movements
- Cash -€20,900
down €20,900 (-16.6%), from €125,921 to €105,020
mainly Tax, wage and social debts (-€12,599) and Other debts (-€3,888)
- Tangible fixed assets +€2,415
up €2,415 (+154%), from €1,564 to €3,978
- Tax, wage and social debts -€12,599
down €12,599 (-69.0%), from €18,257 to €5,659
of which Remuneration and social security: -€6,703
- Other debts -€3,888
down €3,888 (-75.5%), from €5,147 to €1,259
- Gross operating margin -€9,088
down €9,088 (-51.1%), from €17,768 to €8,681
- Taxes -€1,692
down €1,692 (-78.0%), from €2,169 to €478
- Staff costs -€951
down €951 (-80.2%), from €1,186 to €234
- Financial charges -€522
down €522 (-25.4%), from €2,056 to €1,534
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.
Derived cash bridge
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 | €130,425 | €112,905 | -€17,519 | -13.4% |
| Fixed assets | 21/28 | €2,408 | €4,823 | +€2,415 | +100% |
| Tangible fixed assets | 22/27 | €1,564 | €3,978 | +€2,415 | +154% |
| Plant, machinery and equipment | 23 | €1,564 | €3,978 | +€2,415 | +154% |
| Financial fixed assets | 28 | €845 | €845 | = | 0.0% |
| Current assets | 29/58 | €128,016 | €108,082 | -€19,934 | -15.6% |
| Stocks and contracts in progress | 3 | €264 | €476 | +€212 | +80.5% |
| Stocks | 30/36 | €264 | €476 | +€212 | +80.5% |
| Amounts receivable within one year | 40/41 | €1,832 | €2,586 | +€754 | +41.2% |
| Trade receivables | 40 | €59 | €813 | +€754 | +1,284% |
| Other amounts receivable | 41 | €1,773 | €1,773 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €125,921 | €105,020 | -€20,900 | -16.6% |
| Total equity and liabilities | 10/49 | €130,425 | €112,905 | -€17,519 | -13.4% |
| Equity | 10/15 | €104,669 | €104,729 | +€59 | +0.1% |
| Contributions | 10/11 | €20,451 | €20,451 | = | 0.0% |
| Reserves | 13 | €13,382 | €13,382 | = | 0.0% |
| Distributable reserves | 133 | €13,382 | €13,382 | = | 0.0% |
| Profit (loss) carried forward | 14 | €70,836 | €70,895 | +€59 | +0.1% |
| Amounts payable | 17/49 | €25,755 | €8,177 | -€17,579 | -68.3% |
| Amounts payable within one year | 42/48 | €25,755 | €8,177 | -€17,579 | -68.3% |
| Trade debts | 44 | €2,351 | €1,259 | -€1,093 | -46.5% |
| Suppliers | 440/4 | €2,351 | €1,259 | -€1,093 | -46.5% |
| Taxes, remuneration and social security | 45 | €18,257 | €5,659 | -€12,599 | -69.0% |
| Taxes | 450/3 | €11,554 | €5,659 | -€5,896 | -51.0% |
| Remuneration and social security | 454/9 | €6,703 | - | -€6,703 | |
| Other amounts payable | 47/48 | €5,147 | €1,259 | -€3,888 | -75.5% |
| Remuneration, social security and pensions | 62 | €1,186 | €234 | -€951 | -80.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €715 | €723 | +€8 | +1.1% |
| Other operating charges | 640/8 | €3,861 | €3,960 | +€99 | +2.6% |
| Gross operating margin | 9900 | €17,768 | €8,681 | -€9,088 | -51.1% |
| Operating profit (loss) | 9901 | €12,006 | €3,763 | -€8,244 | -68.7% |
| Financial income | 75/76B | €0 | €8 | +€8 | +79,600% |
| Recurring financial income | 75 | €0 | €8 | +€8 | +79,600% |
| Financial charges | 65/66B | €2,056 | €1,534 | -€522 | -25.4% |
| Recurring financial charges | 65 | €2,056 | €1,534 | -€522 | -25.4% |
| Profit (loss) for the period before taxes | 9903 | €9,951 | €2,237 | -€7,714 | -77.5% |
| Income taxes | 67/77 | €2,169 | €478 | -€1,692 | -78.0% |
| Profit (loss) for the period | 9904 | €7,782 | €1,759 | -€6,022 | -77.4% |
| Profit (loss) for the period to be appropriated | 9905 | €7,782 | €1,759 | -€6,022 | -77.4% |
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 18 October 2026 via checked.be.