DELPHISA: 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.
DELPHISA
Largest movements
- Receivables after one year -€281,870
down €281,870 (-66.6%), from €423,509 to €141,639
- Cash +€86,628
up €86,628 (+42.7%), from €202,968 to €289,596
mainly Receivables after one year (+€281,870) and Net result for the year (+€59,619)
- Tangible fixed assets -€14,653
down €14,653 (-60.3%), from €24,306 to €9,654
of which Furniture and vehicles: -€13,171
- Receivables within one year -€9,833
down €9,833 (-81.8%), from €12,013 to €2,181
of which Other amounts receivable: -€9,929
- Reserves -€226,989
down €226,989 (-62.8%), from €361,298 to €134,309
- Tax, wage and social debts +€8,695
up €8,695 (+103.3%), from €8,416 to €17,111
- Gross operating margin +€9,188
up €9,188 (+9.4%), from €97,556 to €106,744
- Depreciation +€3,730
up €3,730 (+34.1%), from €10,923 to €14,653
- Taxes +€1,734
up €1,734 (+5.1%), from €33,680 to €35,415
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 | €683,069 | €466,515 | -€216,554 | -31.7% |
| Fixed assets | 21/28 | €24,306 | €9,654 | -€14,653 | -60.3% |
| Tangible fixed assets | 22/27 | €24,306 | €9,654 | -€14,653 | -60.3% |
| Plant, machinery and equipment | 23 | €3,700 | €3,130 | -€570 | -15.4% |
| Furniture and vehicles | 24 | €18,929 | €5,758 | -€13,171 | -69.6% |
| Other tangible fixed assets | 26 | €1,678 | €766 | -€911 | -54.3% |
| Current assets | 29/58 | €658,762 | €456,861 | -€201,901 | -30.6% |
| Amounts receivable after more than one year | 29 | €423,509 | €141,639 | -€281,870 | -66.6% |
| Other amounts receivable | 291 | €423,509 | €141,639 | -€281,870 | -66.6% |
| Amounts receivable within one year | 40/41 | €12,013 | €2,181 | -€9,833 | -81.8% |
| Trade receivables | 40 | €1,167 | €1,263 | +€96 | +8.2% |
| Other amounts receivable | 41 | €10,846 | €917 | -€9,929 | -91.5% |
| Cash at bank and in hand | 54/58 | €202,968 | €289,596 | +€86,628 | +42.7% |
| Deferred charges and accrued income | 490/1 | €20,272 | €23,446 | +€3,174 | +15.7% |
| Total equity and liabilities | 10/49 | €683,069 | €466,515 | -€216,554 | -31.7% |
| Equity | 10/15 | €667,413 | €440,424 | -€226,989 | -34.0% |
| Contributions | 10/11 | €97,273 | €97,273 | = | 0.0% |
| Reserves | 13 | €361,298 | €134,309 | -€226,989 | -62.8% |
| Distributable reserves | 133 | €361,298 | €134,309 | -€226,989 | -62.8% |
| Profit (loss) carried forward | 14 | €208,841 | €208,841 | = | 0.0% |
| Amounts payable | 17/49 | €15,656 | €26,091 | +€10,435 | +66.7% |
| Amounts payable within one year | 42/48 | €15,656 | €26,091 | +€10,435 | +66.7% |
| Financial debts | 43 | €6,763 | €8,426 | +€1,663 | +24.6% |
| Credit institutions | 430/8 | €6,763 | €8,426 | +€1,663 | +24.6% |
| Trade debts | 44 | €477 | €554 | +€77 | +16.1% |
| Suppliers | 440/4 | €477 | €554 | +€77 | +16.1% |
| Taxes, remuneration and social security | 45 | €8,416 | €17,111 | +€8,695 | +103.3% |
| Taxes | 450/3 | €8,416 | €17,111 | +€8,695 | +103.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,923 | €14,653 | +€3,730 | +34.1% |
| Other operating charges | 640/8 | €339 | €305 | -€34 | -10.0% |
| Gross operating margin | 9900 | €97,556 | €106,744 | +€9,188 | +9.4% |
| Operating profit (loss) | 9901 | €86,294 | €91,786 | +€5,492 | +6.4% |
| Financial income | 75/76B | €4,524 | €3,878 | -€645 | -14.3% |
| Recurring financial income | 75 | €4,524 | €3,878 | -€645 | -14.3% |
| Financial charges | 65/66B | €641 | €631 | -€10 | -1.6% |
| Recurring financial charges | 65 | €641 | €631 | -€10 | -1.6% |
| Profit (loss) for the period before taxes | 9903 | €90,177 | €95,033 | +€4,856 | +5.4% |
| Income taxes | 67/77 | €33,680 | €35,415 | +€1,734 | +5.1% |
| Profit (loss) for the period | 9904 | €56,497 | €59,619 | +€3,122 | +5.5% |
| Profit (loss) for the period to be appropriated | 9905 | €56,497 | €59,619 | +€3,122 | +5.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.