Delpo: 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.
Delpo
Largest movements
- Cash +€4,007
up €4,007 (+9.8%), from €40,728 to €44,736
mainly Net result for the year (+€8,401) and Depreciation (+€2,993)
- Tangible fixed assets -€2,993
down €2,993 (-37.3%), from €8,027 to €5,034
- Deferred charges and accrued income +€2,810
up €2,810, from €0 to €2,810
- Receivables within one year +€775
up €775 (+32.7%), from €2,372 to €3,147
of which Trade receivables: +€775
- Profit (loss) carried forward +€8,401
up €8,401 (+3.4%), from -€248,746 to -€240,345
- Other debts -€3,768
down €3,768 (-26.8%), from €14,075 to €10,306
- Gross operating margin -€3,472
down €3,472 (-21.8%), from €15,938 to €12,467
- Other operating charges +€792
up €792 (+379.0%), from €209 to €1,001
- Depreciation -€502
down €502 (-14.4%), from €3,494 to €2,993
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 | €51,127 | €55,726 | +€4,599 | +9.0% |
| Fixed assets | 21/28 | €8,027 | €5,034 | -€2,993 | -37.3% |
| Tangible fixed assets | 22/27 | €8,027 | €5,034 | -€2,993 | -37.3% |
| Land and buildings | 22 | €5,500 | €4,125 | -€1,375 | -25.0% |
| Plant, machinery and equipment | 23 | €1,298 | €90 | -€1,208 | -93.1% |
| Furniture and vehicles | 24 | €1,229 | €820 | -€410 | -33.3% |
| Current assets | 29/58 | €43,100 | €50,692 | +€7,592 | +17.6% |
| Amounts receivable within one year | 40/41 | €2,372 | €3,147 | +€775 | +32.7% |
| Trade receivables | 40 | €2,372 | €3,147 | +€775 | +32.7% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €40,728 | €44,736 | +€4,007 | +9.8% |
| Deferred charges and accrued income | 490/1 | €0 | €2,810 | +€2,810 | |
| Total equity and liabilities | 10/49 | €51,127 | €55,726 | +€4,599 | +9.0% |
| Equity | 10/15 | €35,854 | €44,255 | +€8,401 | +23.4% |
| Contributions | 10/11 | €37,500 | €37,500 | = | 0.0% |
| Reserves | 13 | €247,100 | €247,100 | = | 0.0% |
| Non-distributable reserves | 130/1 | €131,007 | €131,007 | = | 0.0% |
| Reserves not available under the articles | 1311 | €131,007 | €131,007 | = | 0.0% |
| Tax-exempt reserves | 132 | €520 | €520 | = | 0.0% |
| Distributable reserves | 133 | €115,572 | €115,572 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€248,746 | -€240,345 | +€8,401 | +3.4% |
| Amounts payable | 17/49 | €15,273 | €11,471 | -€3,802 | -24.9% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €15,273 | €11,471 | -€3,802 | -24.9% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €72 | €21 | -€52 | -71.2% |
| Suppliers | 440/4 | €72 | €21 | -€52 | -71.2% |
| Taxes, remuneration and social security | 45 | €1,126 | €1,144 | +€18 | +1.6% |
| Taxes | 450/3 | €1,126 | €1,144 | +€18 | +1.6% |
| Other amounts payable | 47/48 | €14,075 | €10,306 | -€3,768 | -26.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,494 | €2,993 | -€502 | -14.4% |
| Other operating charges | 640/8 | €209 | €1,001 | +€792 | +379.0% |
| Gross operating margin | 9900 | €15,938 | €12,467 | -€3,472 | -21.8% |
| Operating profit (loss) | 9901 | €12,235 | €8,473 | -€3,762 | -30.7% |
| Financial income | 75/76B | €1 | €0 | -€1 | -100.0% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100.0% |
| Financial charges | 65/66B | €125 | €72 | -€53 | -42.2% |
| Recurring financial charges | 65 | €125 | €72 | -€53 | -42.2% |
| Profit (loss) for the period before taxes | 9903 | €12,111 | €8,401 | -€3,709 | -30.6% |
| Profit (loss) for the period | 9904 | €12,111 | €8,401 | -€3,709 | -30.6% |
| Profit (loss) for the period to be appropriated | 9905 | €12,111 | €8,401 | -€3,709 | -30.6% |
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 6 October 2026 via checked.be.