Delphine Devos: 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 Devos
Largest movements
- Current investments +€36,033
up €36,033 (+75.1%), from €47,967 to €84,000
- Cash +€31,229
up €31,229 (+78.1%), from €40,003 to €71,233
mainly Net result for the year (+€60,336) and Receivables within one year (+€2,979)
- Receivables within one year -€2,979
down €2,979 (-100.0%), from €2,979 to €0
- Deferred charges and accrued income -€1,889
down €1,889 (-83.7%), from €2,257 to €368
- Profit (loss) carried forward +€60,336
up €60,336 (+137.6%), from €43,845 to €104,180
- Tax, wage and social debts +€1,861
up €1,861 (+15.7%), from €11,838 to €13,698
of which Taxes: +€1,861
- Gross operating margin +€19,937
up €19,937 (+35.3%), from €56,501 to €76,438
- Taxes +€3,792
up €3,792 (+30.9%), from €12,289 to €16,081
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €93,749 | €155,825 | +€62,075 | +66.2% |
| Fixed assets | 21/28 | €544 | €225 | -€319 | -58.7% |
| Tangible fixed assets | 22/27 | €544 | €225 | -€319 | -58.7% |
| Furniture and vehicles | 24 | €544 | €225 | -€319 | -58.7% |
| Current assets | 29/58 | €93,206 | €155,600 | +€62,394 | +66.9% |
| Amounts receivable within one year | 40/41 | €2,979 | €0 | -€2,979 | -100.0% |
| Other amounts receivable | 41 | €2,979 | €0 | -€2,979 | -100.0% |
| Current investments | 50/53 | €47,967 | €84,000 | +€36,033 | +75.1% |
| Cash at bank and in hand | 54/58 | €40,003 | €71,233 | +€31,229 | +78.1% |
| Deferred charges and accrued income | 490/1 | €2,257 | €368 | -€1,889 | -83.7% |
| Total equity and liabilities | 10/49 | €93,749 | €155,825 | +€62,075 | +66.2% |
| Equity | 10/15 | €80,967 | €141,302 | +€60,336 | +74.5% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €22,122 | €22,122 | = | 0.0% |
| Distributable reserves | 133 | €22,122 | €22,122 | = | 0.0% |
| Profit (loss) carried forward | 14 | €43,845 | €104,180 | +€60,336 | +137.6% |
| Amounts payable | 17/49 | €12,783 | €14,522 | +€1,740 | +13.6% |
| Amounts payable within one year | 42/48 | €12,783 | €14,522 | +€1,740 | +13.6% |
| Trade debts | 44 | €79 | €784 | +€705 | +892.7% |
| Suppliers | 440/4 | €79 | €784 | +€705 | +892.7% |
| Taxes, remuneration and social security | 45 | €11,838 | €13,698 | +€1,861 | +15.7% |
| Taxes | 450/3 | €9,638 | €11,498 | +€1,861 | +19.3% |
| Remuneration and social security | 454/9 | €2,200 | €2,200 | = | 0.0% |
| Other amounts payable | 47/48 | €866 | €40 | -€826 | -95.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €319 | €319 | = | 0.0% |
| Other operating charges | 640/8 | - | €144 | +€144 | |
| Gross operating margin | 9900 | €56,501 | €76,438 | +€19,937 | +35.3% |
| Operating profit (loss) | 9901 | €56,182 | €75,975 | +€19,793 | +35.2% |
| Financial income | 75/76B | €930 | €513 | -€417 | -44.8% |
| Recurring financial income | 75 | €930 | €513 | -€417 | -44.8% |
| Financial charges | 65/66B | €119 | €72 | -€48 | -40.0% |
| Recurring financial charges | 65 | €119 | €72 | -€48 | -40.0% |
| Profit (loss) for the period before taxes | 9903 | €56,993 | €76,417 | +€19,424 | +34.1% |
| Income taxes | 67/77 | €12,289 | €16,081 | +€3,792 | +30.9% |
| Profit (loss) for the period | 9904 | €44,704 | €60,336 | +€15,632 | +35.0% |
| Profit (loss) for the period to be appropriated | 9905 | €44,704 | €60,336 | +€15,632 | +35.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.