DELTAPHI: 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.
DELTAPHI
Largest movements
- Deferred charges and accrued income +€288,103
new in 2025: €288,103
- Tangible fixed assets -€33,677
down €33,677 (-3.1%), from €1.1m to €1.1m
of which Land and buildings: -€26,932
- Cash -€15,762
down €15,762 (-89.1%), from €17,693 to €1,931
mainly Deferred charges and accrued income (-€288,103) and Trade debts (-€260,861)
- Other debts +€330,756
up €330,756 (+51.3%), from €645,301 to €976,057
- Trade debts -€260,861
down €260,861 (-95.5%), from €273,107 to €12,246
- Profit (loss) carried forward +€128,318
up €128,318 (+543.8%), from €23,597 to €151,916
- Tax, wage and social debts +€48,616
new in 2025: €48,616
- Debts after one year -€14,333
down €14,333 (-7.1%), from €200,667 to €186,333
- Gross operating margin +€182,666
up €182,666 (+212.1%), from €86,134 to €268,800
- Taxes +€45,336
up €45,336 (+2764.2%), from €1,640 to €46,976
- Depreciation +€6,789
up €6,789 (+11.4%), from €59,622 to €66,412
- Financial charges +€6,465
up €6,465 (+924.2%), from €700 to €7,165
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 | €1,177,465 | €1,409,962 | +€232,496 | +19.7% |
| Fixed assets | 21/28 | €1,111,104 | €1,077,427 | -€33,677 | -3.0% |
| Tangible fixed assets | 22/27 | €1,095,984 | €1,062,307 | -€33,677 | -3.1% |
| Land and buildings | 22 | €1,067,346 | €1,040,415 | -€26,932 | -2.5% |
| Other tangible fixed assets | 26 | €28,638 | €21,893 | -€6,745 | -23.6% |
| Financial fixed assets | 28 | €15,120 | €15,120 | = | 0.0% |
| Current assets | 29/58 | €66,361 | €332,534 | +€266,173 | +401.1% |
| Amounts receivable within one year | 40/41 | €48,669 | €42,500 | -€6,169 | -12.7% |
| Other amounts receivable | 41 | €48,669 | €42,500 | -€6,169 | -12.7% |
| Cash at bank and in hand | 54/58 | €17,693 | €1,931 | -€15,762 | -89.1% |
| Deferred charges and accrued income | 490/1 | - | €288,103 | +€288,103 | |
| Total equity and liabilities | 10/49 | €1,177,465 | €1,409,962 | +€232,496 | +19.7% |
| Equity | 10/15 | €44,057 | €172,376 | +€128,318 | +291.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,597 | €151,916 | +€128,318 | +543.8% |
| Amounts payable | 17/49 | €1,133,408 | €1,237,586 | +€104,178 | +9.2% |
| Amounts payable after more than one year | 17 | €200,667 | €186,333 | -€14,333 | -7.1% |
| Financial debts | 170/4 | €200,667 | €186,333 | -€14,333 | -7.1% |
| Amounts payable within one year | 42/48 | €932,741 | €1,051,252 | +€118,511 | +12.7% |
| Current portion of amounts payable after more than one year | 42 | €14,333 | €14,333 | = | 0.0% |
| Trade debts | 44 | €273,107 | €12,246 | -€260,861 | -95.5% |
| Suppliers | 440/4 | €273,107 | €12,246 | -€260,861 | -95.5% |
| Taxes, remuneration and social security | 45 | - | €48,616 | +€48,616 | |
| Taxes | 450/3 | - | €48,616 | +€48,616 | |
| Other amounts payable | 47/48 | €645,301 | €976,057 | +€330,756 | +51.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,622 | €66,412 | +€6,789 | +11.4% |
| Other operating charges | 640/8 | €18,913 | €19,929 | +€1,016 | +5.4% |
| Gross operating margin | 9900 | €86,134 | €268,800 | +€182,666 | +212.1% |
| Operating profit (loss) | 9901 | €7,598 | €182,459 | +€174,861 | +2301.3% |
| Financial income | 75/76B | €3 | - | -€3 | |
| Recurring financial income | 75 | €3 | - | -€3 | |
| Financial charges | 65/66B | €700 | €7,165 | +€6,465 | +924.2% |
| Recurring financial charges | 65 | €700 | €7,165 | +€6,465 | +924.2% |
| Profit (loss) for the period before taxes | 9903 | €6,901 | €175,294 | +€168,393 | +2440.0% |
| Income taxes | 67/77 | €1,640 | €46,976 | +€45,336 | +2764.2% |
| Profit (loss) for the period | 9904 | €5,261 | €128,318 | +€123,057 | +2338.9% |
| Profit (loss) for the period to be appropriated | 9905 | €5,261 | €128,318 | +€123,057 | +2338.9% |
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 30 September 2026 via checked.be.