DELTA PICTORIS: 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.
DELTA PICTORIS
Largest movements
- Current investments +€250,000
up €250,000, from €0 to €250,000
- Cash -€138,995
down €138,995 (-51.6%), from €269,289 to €130,294
mainly Current investments (-€250,000) and Tax, wage and social debts (-€1,817)
- Receivables within one year -€18,636
down €18,636 (-88.3%), from €21,113 to €2,476
of which Trade receivables: -€20,533
- Tangible fixed assets -€7,544
down €7,544 (-30.4%), from €24,781 to €17,237
- Profit (loss) carried forward +€86,416
up €86,416 (+36.1%), from €239,413 to €325,829
- Gross operating margin -€84,195
down €84,195 (-43.1%), from €195,272 to €111,077
- Taxes -€19,938
down €19,938 (-44.7%), from €44,601 to €24,663
- Financial income +€4,386
up €4,386 (+97.2%), from €4,513 to €8,900
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.
Derived cash bridge
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 | €316,141 | €400,931 | +€84,789 | +26.8% |
| Fixed assets | 21/28 | €24,781 | €17,237 | -€7,544 | -30.4% |
| Tangible fixed assets | 22/27 | €24,781 | €17,237 | -€7,544 | -30.4% |
| Furniture and vehicles | 24 | €24,781 | €17,237 | -€7,544 | -30.4% |
| Current assets | 29/58 | €291,360 | €383,693 | +€92,333 | +31.7% |
| Amounts receivable within one year | 40/41 | €21,113 | €2,476 | -€18,636 | -88.3% |
| Trade receivables | 40 | €20,541 | €8 | -€20,533 | -100.0% |
| Other amounts receivable | 41 | €571 | €2,468 | +€1,897 | +332% |
| Current investments | 50/53 | €0 | €250,000 | +€250,000 | |
| Cash at bank and in hand | 54/58 | €269,289 | €130,294 | -€138,995 | -51.6% |
| Deferred charges and accrued income | 490/1 | €958 | €923 | -€35 | -3.7% |
| Total equity and liabilities | 10/49 | €316,141 | €400,931 | +€84,789 | +26.8% |
| Equity | 10/15 | €249,413 | €335,829 | +€86,416 | +34.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €239,413 | €325,829 | +€86,416 | +36.1% |
| Amounts payable | 17/49 | €66,728 | €65,102 | -€1,626 | -2.4% |
| Amounts payable within one year | 42/48 | €64,912 | €63,035 | -€1,878 | -2.9% |
| Trade debts | 44 | €1,976 | €2,002 | +€26 | +1.3% |
| Suppliers | 440/4 | €1,976 | €2,002 | +€26 | +1.3% |
| Taxes, remuneration and social security | 45 | €3,078 | €1,261 | -€1,817 | -59.0% |
| Taxes | 450/3 | €1,047 | €761 | -€286 | -27.3% |
| Remuneration and social security | 454/9 | €2,031 | €500 | -€1,531 | -75.4% |
| Other amounts payable | 47/48 | €59,858 | €59,772 | -€86 | -0.1% |
| Accrued charges and deferred income | 492/3 | €1,816 | €2,067 | +€251 | +13.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,544 | €7,544 | = | 0.0% |
| Other operating charges | 640/8 | €554 | €571 | +€16 | +3.0% |
| Gross operating margin | 9900 | €195,272 | €111,077 | -€84,195 | -43.1% |
| Operating profit (loss) | 9901 | €187,174 | €102,962 | -€84,211 | -45.0% |
| Financial income | 75/76B | €4,513 | €8,900 | +€4,386 | +97.2% |
| Recurring financial income | 75 | €4,513 | €8,900 | +€4,386 | +97.2% |
| Financial charges | 65/66B | €87 | €783 | +€697 | +803% |
| Recurring financial charges | 65 | €87 | €783 | +€697 | +803% |
| Profit (loss) for the period before taxes | 9903 | €191,600 | €111,079 | -€80,522 | -42.0% |
| Income taxes | 67/77 | €44,601 | €24,663 | -€19,938 | -44.7% |
| Profit (loss) for the period | 9904 | €147,000 | €86,416 | -€60,584 | -41.2% |
| Profit (loss) for the period to be appropriated | 9905 | €147,000 | €86,416 | -€60,584 | -41.2% |
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 30 October 2026 via checked.be.