DELPHI CONSULTING: 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.
DELPHI CONSULTING
Largest movements
- Receivables within one year +€28,921
up €28,921 (+91.7%), from €31,551 to €60,472
of which Other amounts receivable: +€29,392
- Receivables after one year -€27,000
no longer reported in 2025 (was €27,000)
- Cash +€21,144
up €21,144 (+9.2%), from €230,663 to €251,807
mainly Net result for the year (+€53,638) and Receivables after one year (+€27,000)
- Tangible fixed assets -€9,164
down €9,164 (-20.2%), from €45,296 to €36,132
of which Leasing and similar rights: -€9,337
- Reserves +€27,567
up €27,567 (+9.7%), from €284,619 to €312,186
- Debts after one year -€10,988
down €10,988 (-42.9%), from €25,638 to €14,650
- Gross operating margin +€9,419
up €9,419 (+12.5%), from €75,424 to €84,843
- Depreciation +€4,740
up €4,740 (+74.6%), from €6,354 to €11,093
- Other operating charges -€2,407
down €2,407 (-73.6%), from €3,269 to €861
- Taxes +€2,270
up €2,270 (+12.5%), from €18,170 to €20,441
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 | €335,410 | €349,955 | +€14,545 | +4.3% |
| Fixed assets | 21/28 | €45,296 | €36,132 | -€9,164 | -20.2% |
| Tangible fixed assets | 22/27 | €45,296 | €36,132 | -€9,164 | -20.2% |
| Plant, machinery and equipment | 23 | €332 | €1,353 | +€1,021 | +307% |
| Furniture and vehicles | 24 | €4,021 | €3,173 | -€848 | -21.1% |
| Leasing and similar rights | 25 | €40,943 | €31,607 | -€9,337 | -22.8% |
| Current assets | 29/58 | €290,114 | €313,823 | +€23,709 | +8.2% |
| Amounts receivable after more than one year | 29 | €27,000 | - | -€27,000 | |
| Other amounts receivable | 291 | €27,000 | - | -€27,000 | |
| Amounts receivable within one year | 40/41 | €31,551 | €60,472 | +€28,921 | +91.7% |
| Trade receivables | 40 | €12,893 | €12,422 | -€471 | -3.7% |
| Other amounts receivable | 41 | €18,658 | €48,049 | +€29,392 | +158% |
| Cash at bank and in hand | 54/58 | €230,663 | €251,807 | +€21,144 | +9.2% |
| Deferred charges and accrued income | 490/1 | €900 | €1,544 | +€644 | +71.6% |
| Total equity and liabilities | 10/49 | €335,410 | €349,955 | +€14,545 | +4.3% |
| Equity | 10/15 | €290,819 | €318,386 | +€27,567 | +9.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €284,619 | €312,186 | +€27,567 | +9.7% |
| Distributable reserves | 133 | €284,619 | €312,186 | +€27,567 | +9.7% |
| Amounts payable | 17/49 | €44,591 | €31,569 | -€13,022 | -29.2% |
| Amounts payable after more than one year | 17 | €25,638 | €14,650 | -€10,988 | -42.9% |
| Financial debts | 170/4 | €25,638 | €14,650 | -€10,988 | -42.9% |
| Amounts payable within one year | 42/48 | €18,952 | €16,919 | -€2,034 | -10.7% |
| Current portion of amounts payable after more than one year | 42 | €10,988 | €10,988 | = | 0.0% |
| Trade debts | 44 | - | €675 | +€675 | |
| Suppliers | 440/4 | - | €675 | +€675 | |
| Taxes, remuneration and social security | 45 | €7,964 | €5,256 | -€2,708 | -34.0% |
| Taxes | 450/3 | €7,964 | €5,256 | -€2,708 | -34.0% |
| Non-recurring operating income | 76A | €4,868 | - | -€4,868 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,354 | €11,093 | +€4,740 | +74.6% |
| Other operating charges | 640/8 | €3,269 | €861 | -€2,407 | -73.6% |
| Gross operating margin | 9900 | €75,424 | €84,843 | +€9,419 | +12.5% |
| Operating profit (loss) | 9901 | €65,802 | €72,888 | +€7,086 | +10.8% |
| Financial income | 75/76B | €484 | €1,297 | +€813 | +168% |
| Recurring financial income | 75 | €484 | €1,297 | +€813 | +168% |
| Financial charges | 65/66B | €100 | €107 | +€7 | +7.3% |
| Recurring financial charges | 65 | €100 | €107 | +€7 | +7.3% |
| Profit (loss) for the period before taxes | 9903 | €66,187 | €74,078 | +€7,892 | +11.9% |
| Income taxes | 67/77 | €18,170 | €20,441 | +€2,270 | +12.5% |
| Profit (loss) for the period | 9904 | €48,016 | €53,638 | +€5,621 | +11.7% |
| Profit (loss) for the period to be appropriated | 9905 | €48,016 | €53,638 | +€5,621 | +11.7% |
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 21 October 2026 via checked.be.