DELPHINE: 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.
DELPHINE
Largest movements
- Cash +€36,182
up €36,182 (+38.6%), from €93,841 to €130,023
mainly Other debts (+€99,895) and Net result for the year (+€41,697)
- Tangible fixed assets -€10,286
down €10,286 (-16.2%), from €63,628 to €53,341
of which Plant, machinery and equipment: -€10,579
- Receivables within one year +€6,514
up €6,514, from €0 to €6,514
- Stocks and contracts +€4,393
up €4,393 (+52.0%), from €8,455 to €12,848
- Other debts +€99,895
up €99,895 (+10134.2%), from €986 to €100,881
- Profit (loss) carried forward -€58,303
down €58,303 (-47.5%), from €122,714 to €64,411
- Tax, wage and social debts -€6,104
down €6,104 (-25.8%), from €23,668 to €17,564
of which Taxes: -€6,408
- Gross operating margin -€10,826
down €10,826 (-13.2%), from €81,817 to €70,991
- Taxes -€2,326
down €2,326 (-16.5%), from €14,134 to €11,808
- Depreciation +€2,049
up €2,049 (+13.5%), from €15,199 to €17,247
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 | €169,692 | €205,796 | +€36,104 | +21.3% |
| Fixed assets | 21/28 | €65,414 | €54,294 | -€11,120 | -17.0% |
| Intangible fixed assets | 21 | €1,786 | €953 | -€833 | -46.6% |
| Tangible fixed assets | 22/27 | €63,628 | €53,341 | -€10,286 | -16.2% |
| Plant, machinery and equipment | 23 | €34,491 | €23,912 | -€10,579 | -30.7% |
| Furniture and vehicles | 24 | - | €4,628 | +€4,628 | |
| Other tangible fixed assets | 26 | €29,137 | €24,801 | -€4,335 | -14.9% |
| Current assets | 29/58 | €104,278 | €151,502 | +€47,224 | +45.3% |
| Stocks and contracts in progress | 3 | €8,455 | €12,848 | +€4,393 | +52.0% |
| Stocks | 30/36 | €8,455 | €12,848 | +€4,393 | +52.0% |
| Amounts receivable within one year | 40/41 | €0 | €6,514 | +€6,514 | |
| Trade receivables | 40 | €0 | €6,514 | +€6,514 | |
| Cash at bank and in hand | 54/58 | €93,841 | €130,023 | +€36,182 | +38.6% |
| Deferred charges and accrued income | 490/1 | €1,983 | €2,117 | +€134 | +6.8% |
| Total equity and liabilities | 10/49 | €169,692 | €205,796 | +€36,104 | +21.3% |
| Equity | 10/15 | €137,714 | €79,411 | -€58,303 | -42.3% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €122,714 | €64,411 | -€58,303 | -47.5% |
| Amounts payable | 17/49 | €31,978 | €126,385 | +€94,407 | +295.2% |
| Amounts payable within one year | 42/48 | €28,956 | €122,957 | +€94,000 | +324.6% |
| Trade debts | 44 | €4,244 | €4,512 | +€268 | +6.3% |
| Suppliers | 440/4 | €4,244 | €4,512 | +€268 | +6.3% |
| Advances received on contracts in progress | 46 | €58 | €0 | -€58 | -100.0% |
| Taxes, remuneration and social security | 45 | €23,668 | €17,564 | -€6,104 | -25.8% |
| Taxes | 450/3 | €23,668 | €17,260 | -€6,408 | -27.1% |
| Remuneration and social security | 454/9 | - | €304 | +€304 | |
| Other amounts payable | 47/48 | €986 | €100,881 | +€99,895 | +10134.2% |
| Accrued charges and deferred income | 492/3 | €3,022 | €3,429 | +€407 | +13.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,199 | €17,247 | +€2,049 | +13.5% |
| Other operating charges | 640/8 | €700 | €756 | +€56 | +8.0% |
| Gross operating margin | 9900 | €81,817 | €70,991 | -€10,826 | -13.2% |
| Operating profit (loss) | 9901 | €65,919 | €52,988 | -€12,931 | -19.6% |
| Financial income | 75/76B | €556 | €716 | +€159 | +28.7% |
| Recurring financial income | 75 | €556 | €716 | +€159 | +28.7% |
| Financial charges | 65/66B | €212 | €199 | -€13 | -6.2% |
| Recurring financial charges | 65 | €212 | €199 | -€13 | -6.2% |
| Profit (loss) for the period before taxes | 9903 | €66,263 | €53,505 | -€12,758 | -19.3% |
| Income taxes | 67/77 | €14,134 | €11,808 | -€2,326 | -16.5% |
| Profit (loss) for the period | 9904 | €52,129 | €41,697 | -€10,432 | -20.0% |
| Profit (loss) for the period to be appropriated | 9905 | €52,129 | €41,697 | -€10,432 | -20.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.