DELTHI: 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.
DELTHI
Largest movements
- Receivables within one year +€24,747
up €24,747 (+174.6%), from €14,172 to €38,919
of which Trade receivables: +€22,117
- Cash +€19,885
up €19,885 (+228561.1%), from €9 to €19,894
mainly Net result for the year (+€31,052) and Current portion of long-term debt (+€22,368)
- Tangible fixed assets +€8,014
up €8,014 (+24.9%), from €32,126 to €40,140
- Current portion of long-term debt +€22,368
new in 2025: €22,368
- Profit (loss) carried forward +€22,052
up €22,052, from -€21,694 to €358
- Tax, wage and social debts +€20,154
up €20,154 (+6811.7%), from €296 to €20,450
of which Taxes: +€13,736
- Trade debts -€17,474
down €17,474 (-28.0%), from €62,398 to €44,924
- Reserves +€9,000
new in 2025: €9,000
- Gross operating margin +€51,927
up €51,927 (+5769.0%), from €900 to €52,827
- Taxes +€6,251
up €6,251 (+2112.8%), from €296 to €6,547
- Depreciation +€4,531
up €4,531 (+44.8%), from €10,108 to €14,639
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 | €46,356 | €99,001 | +€52,646 | +113.6% |
| Fixed assets | 21/28 | €32,126 | €40,140 | +€8,014 | +24.9% |
| Tangible fixed assets | 22/27 | €32,126 | €40,140 | +€8,014 | +24.9% |
| Furniture and vehicles | 24 | €32,126 | €40,140 | +€8,014 | +24.9% |
| Current assets | 29/58 | €14,230 | €58,862 | +€44,632 | +313.7% |
| Amounts receivable within one year | 40/41 | €14,172 | €38,919 | +€24,747 | +174.6% |
| Trade receivables | 40 | €9,724 | €31,841 | +€22,117 | +227.5% |
| Other amounts receivable | 41 | €4,448 | €7,078 | +€2,630 | +59.1% |
| Cash at bank and in hand | 54/58 | €9 | €19,894 | +€19,885 | +228561.1% |
| Deferred charges and accrued income | 490/1 | €49 | €49 | = | 0.0% |
| Total equity and liabilities | 10/49 | €46,356 | €99,001 | +€52,646 | +113.6% |
| Equity | 10/15 | -€20,694 | €10,358 | +€31,052 | |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | - | €9,000 | +€9,000 | |
| Distributable reserves | 133 | - | €9,000 | +€9,000 | |
| Profit (loss) carried forward | 14 | -€21,694 | €358 | +€22,052 | |
| Amounts payable | 17/49 | €67,050 | €88,643 | +€21,593 | +32.2% |
| Amounts payable within one year | 42/48 | €67,050 | €88,643 | +€21,593 | +32.2% |
| Current portion of amounts payable after more than one year | 42 | - | €22,368 | +€22,368 | |
| Financial debts | 43 | €4,356 | - | -€4,356 | |
| Credit institutions | 430/8 | €4,356 | - | -€4,356 | |
| Trade debts | 44 | €62,398 | €44,924 | -€17,474 | -28.0% |
| Suppliers | 440/4 | €62,398 | €44,924 | -€17,474 | -28.0% |
| Taxes, remuneration and social security | 45 | €296 | €20,450 | +€20,154 | +6811.7% |
| Taxes | 450/3 | €296 | €14,032 | +€13,736 | +4642.5% |
| Remuneration and social security | 454/9 | - | €6,418 | +€6,418 | |
| Other amounts payable | 47/48 | €0 | €901 | +€901 | |
| Accrued charges and deferred income | 492/3 | €0 | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,108 | €14,639 | +€4,531 | +44.8% |
| Other operating charges | 640/8 | €307 | €322 | +€15 | +4.9% |
| Gross operating margin | 9900 | €900 | €52,827 | +€51,927 | +5769.0% |
| Operating profit (loss) | 9901 | -€9,516 | €37,866 | +€47,382 | |
| Financial charges | 65/66B | €3 | €266 | +€263 | +8776.3% |
| Recurring financial charges | 65 | €3 | €266 | +€263 | +8776.3% |
| Profit (loss) for the period before taxes | 9903 | -€9,519 | €37,600 | +€47,118 | |
| Income taxes | 67/77 | €296 | €6,547 | +€6,251 | +2112.8% |
| Profit (loss) for the period | 9904 | -€9,814 | €31,052 | +€40,867 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,814 | €31,052 | +€40,867 |
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 1 October 2026 via checked.be.