DELPHI CONSULT: 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.
DELPHI CONSULT
Largest movements
- Current investments -€199,894
down €199,894 (-20.1%), from €994,065 to €794,171
- Cash +€62,145
up €62,145 (+40.9%), from €151,775 to €213,920
mainly Current investments (+€199,894) and Other debts (+€38,990)
- Receivables within one year -€24,720
down €24,720 (-89.8%), from €27,516 to €2,796
of which Other amounts receivable: -€25,549
- Tangible fixed assets +€14,785
up €14,785 (+13.1%), from €112,897 to €127,682
of which Land and buildings: +€14,785
- Reserves -€193,474
down €193,474 (-77.2%), from €250,644 to €57,170
of which Distributable reserves: -€193,474
- Other debts +€38,990
up €38,990 (+9.0%), from €431,105 to €470,095
- Gross operating margin -€5,781
down €5,781 (-41.2%), from €14,030 to €8,249
- Depreciation -€4,573
down €4,573 (-64.2%), from €7,120 to €2,547
- Financial income +€4,463
up €4,463 (+213.2%), from €2,093 to €6,556
- Other operating charges -€272
down €272 (-6.4%), from €4,264 to €3,992
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 | €1,286,303 | €1,138,619 | -€147,684 | -11.5% |
| Fixed assets | 21/28 | €112,947 | €127,732 | +€14,785 | +13.1% |
| Tangible fixed assets | 22/27 | €112,897 | €127,682 | +€14,785 | +13.1% |
| Land and buildings | 22 | €108,313 | €123,098 | +€14,785 | +13.6% |
| Furniture and vehicles | 24 | €4,584 | €4,584 | = | 0.0% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €1,173,356 | €1,010,887 | -€162,469 | -13.8% |
| Amounts receivable within one year | 40/41 | €27,516 | €2,796 | -€24,720 | -89.8% |
| Trade receivables | 40 | €0 | €829 | +€829 | |
| Other amounts receivable | 41 | €27,516 | €1,967 | -€25,549 | -92.9% |
| Current investments | 50/53 | €994,065 | €794,171 | -€199,894 | -20.1% |
| Cash at bank and in hand | 54/58 | €151,775 | €213,920 | +€62,145 | +40.9% |
| Total equity and liabilities | 10/49 | €1,286,303 | €1,138,619 | -€147,684 | -11.5% |
| Equity | 10/15 | €853,827 | €668,397 | -€185,430 | -21.7% |
| Contributions | 10/11 | €615,500 | €615,500 | = | 0.0% |
| Capital | 10 | €615,500 | €615,500 | = | 0.0% |
| Issued capital | 100 | €615,500 | €615,500 | = | 0.0% |
| Reserves | 13 | €250,644 | €57,170 | -€193,474 | -77.2% |
| Non-distributable reserves | 130/1 | €26,404 | €26,404 | = | 0.0% |
| Legal reserve | 130 | €26,404 | €26,404 | = | 0.0% |
| Distributable reserves | 133 | €224,240 | €30,766 | -€193,474 | -86.3% |
| Profit (loss) carried forward | 14 | -€12,317 | -€4,273 | +€8,044 | +65.3% |
| Amounts payable | 17/49 | €432,476 | €470,222 | +€37,746 | +8.7% |
| Amounts payable within one year | 42/48 | €432,476 | €470,222 | +€37,746 | +8.7% |
| Trade debts | 44 | €254 | €0 | -€254 | -100.0% |
| Suppliers | 440/4 | €254 | €0 | -€254 | -100.0% |
| Taxes, remuneration and social security | 45 | €1,117 | €128 | -€990 | -88.6% |
| Taxes | 450/3 | €1,117 | €128 | -€990 | -88.6% |
| Other amounts payable | 47/48 | €431,105 | €470,095 | +€38,990 | +9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,120 | €2,547 | -€4,573 | -64.2% |
| Other operating charges | 640/8 | €4,264 | €3,992 | -€272 | -6.4% |
| Non-recurring operating charges | 66A | €4,138 | €0 | -€4,138 | -100.0% |
| Gross operating margin | 9900 | €14,030 | €8,249 | -€5,781 | -41.2% |
| Operating profit (loss) | 9901 | -€1,493 | €1,710 | +€3,203 | |
| Financial income | 75/76B | €2,093 | €6,556 | +€4,463 | +213.2% |
| Recurring financial income | 75 | €2,093 | €6,556 | +€4,463 | +213.2% |
| Financial charges | 65/66B | €251 | €222 | -€30 | -11.7% |
| Recurring financial charges | 65 | €251 | €222 | -€30 | -11.7% |
| Profit (loss) for the period before taxes | 9903 | €349 | €8,044 | +€7,695 | +2207.1% |
| Profit (loss) for the period | 9904 | €349 | €8,044 | +€7,695 | +2207.1% |
| Profit (loss) for the period to be appropriated | 9905 | €349 | €8,044 | +€7,695 | +2207.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.