DELPHICO: 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.
DELPHICO
Largest movements
- Receivables within one year +€5,086
up €5,086 (+98.0%), from €5,191 to €10,277
of which Trade receivables: +€4,997
- Tangible fixed assets +€1,932
new in 2025: €1,932
- Cash -€1,451
down €1,451 (-18.4%), from €7,873 to €6,422
mainly Other debts (-€25,881) and Receivables within one year (-€5,086)
- Deferred charges and accrued income +€1,406
up €1,406 (+161.4%), from €871 to €2,278
- Other debts -€25,881
down €25,881 (-100.0%), from €25,881 to €0
- Debts after one year +€18,828
new in 2025: €18,828
- Contributions +€6,200
up €6,200 (+19.1%), from €32,400 to €38,600
- Trade debts +€2,986
up €2,986 (+50.0%), from €5,970 to €8,955
- Profit (loss) carried forward +€2,942
up €2,942 (+9.0%), from -€32,840 to -€29,897
- Gross operating margin +€2,938
up €2,938 (+273.1%), from €1,076 to €4,013
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 | €38,137 | €44,677 | +€6,540 | +17.1% |
| Fixed assets | 21/28 | €505 | €2,437 | +€1,932 | +383.0% |
| Tangible fixed assets | 22/27 | - | €1,932 | +€1,932 | |
| Plant, machinery and equipment | 23 | - | €1,932 | +€1,932 | |
| Financial fixed assets | 28 | €505 | €505 | = | 0.0% |
| Current assets | 29/58 | €37,633 | €42,241 | +€4,608 | +12.2% |
| Stocks and contracts in progress | 3 | €23,697 | €23,264 | -€434 | -1.8% |
| Stocks | 30/36 | €23,697 | €23,264 | -€434 | -1.8% |
| Amounts receivable within one year | 40/41 | €5,191 | €10,277 | +€5,086 | +98.0% |
| Trade receivables | 40 | €5,191 | €10,188 | +€4,997 | +96.3% |
| Other amounts receivable | 41 | €0 | €89 | +€89 | |
| Cash at bank and in hand | 54/58 | €7,873 | €6,422 | -€1,451 | -18.4% |
| Deferred charges and accrued income | 490/1 | €871 | €2,278 | +€1,406 | +161.4% |
| Total equity and liabilities | 10/49 | €38,137 | €44,677 | +€6,540 | +17.1% |
| Equity | 10/15 | €4,441 | €13,583 | +€9,142 | +205.9% |
| Contributions | 10/11 | €32,400 | €38,600 | +€6,200 | +19.1% |
| Reserves | 13 | €4,881 | €4,881 | = | 0.0% |
| Distributable reserves | 133 | €4,881 | €4,881 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€32,840 | -€29,897 | +€2,942 | +9.0% |
| Amounts payable | 17/49 | €33,697 | €31,094 | -€2,602 | -7.7% |
| Amounts payable after more than one year | 17 | - | €18,828 | +€18,828 | |
| Financial debts | 170/4 | - | €18,828 | +€18,828 | |
| Amounts payable within one year | 42/48 | €33,697 | €12,266 | -€21,430 | -63.6% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €5,970 | €8,955 | +€2,986 | +50.0% |
| Suppliers | 440/4 | €5,970 | €8,955 | +€2,986 | +50.0% |
| Taxes, remuneration and social security | 45 | €1,846 | €3,311 | +€1,465 | +79.4% |
| Taxes | 450/3 | €1,846 | €3,311 | +€1,465 | +79.4% |
| Other amounts payable | 47/48 | €25,881 | €0 | -€25,881 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €31 | +€31 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €685 | €651 | -€34 | -4.9% |
| Gross operating margin | 9900 | €1,076 | €4,013 | +€2,938 | +273.1% |
| Operating profit (loss) | 9901 | €391 | €3,331 | +€2,940 | +752.2% |
| Financial income | 75/76B | €1 | €0 | -€1 | -100.0% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100.0% |
| Financial charges | 65/66B | €366 | €389 | +€23 | +6.3% |
| Recurring financial charges | 65 | €366 | €389 | +€23 | +6.3% |
| Profit (loss) for the period before taxes | 9903 | €26 | €2,942 | +€2,916 | +11152.2% |
| Profit (loss) for the period | 9904 | €26 | €2,942 | +€2,916 | +11152.2% |
| Profit (loss) for the period to be appropriated | 9905 | €26 | €2,942 | +€2,916 | +11152.2% |
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 9 October 2026 via checked.be.