DETIPHAR: 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.
DETIPHAR
Largest movements
- Cash +€43,676
up €43,676 (+109%), from €39,906 to €83,582
mainly Stocks and contracts (+€31,261) and Receivables within one year (+€25,479)
- Stocks and contracts -€31,261
down €31,261 (-19.2%), from €162,565 to €131,304
- Receivables within one year -€25,479
down €25,479 (-16.4%), from €155,303 to €129,824
of which Other amounts receivable: -€23,024
- Intangible fixed assets -€5,721
no longer reported in 2025 (was €5,721)
- Tangible fixed assets -€5,398
down €5,398 (-38.1%), from €14,163 to €8,764
of which Plant, machinery and equipment: -€3,457
- Current portion of long-term debt -€12,945
down €12,945 (-64.8%), from €19,979 to €7,034
- Trade debts -€5,985
down €5,985 (-6.3%), from €94,886 to €88,901
- Gross operating margin -€33,681
down €33,681 (-27.6%), from €121,840 to €88,159
- Staff costs -€10,424
down €10,424 (-12.1%), from €86,369 to €75,945
- Taxes -€6,121
down €6,121 (-94.4%), from €6,484 to €363
- Depreciation -€1,757
down €1,757 (-13.6%), from €12,877 to €11,120
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 | €380,707 | €356,249 | -€24,459 | -6.4% |
| Fixed assets | 21/28 | €19,884 | €8,764 | -€11,120 | -55.9% |
| Intangible fixed assets | 21 | €5,721 | - | -€5,721 | |
| Tangible fixed assets | 22/27 | €14,163 | €8,764 | -€5,398 | -38.1% |
| Plant, machinery and equipment | 23 | €12,093 | €8,636 | -€3,457 | -28.6% |
| Furniture and vehicles | 24 | €2,070 | €128 | -€1,942 | -93.8% |
| Current assets | 29/58 | €360,824 | €347,485 | -€13,339 | -3.7% |
| Stocks and contracts in progress | 3 | €162,565 | €131,304 | -€31,261 | -19.2% |
| Stocks | 30/36 | €162,565 | €131,304 | -€31,261 | -19.2% |
| Amounts receivable within one year | 40/41 | €155,303 | €129,824 | -€25,479 | -16.4% |
| Trade receivables | 40 | €78,559 | €76,104 | -€2,455 | -3.1% |
| Other amounts receivable | 41 | €76,743 | €53,719 | -€23,024 | -30.0% |
| Cash at bank and in hand | 54/58 | €39,906 | €83,582 | +€43,676 | +109% |
| Deferred charges and accrued income | 490/1 | €3,050 | €2,775 | -€274 | -9.0% |
| Total equity and liabilities | 10/49 | €380,707 | €356,249 | -€24,459 | -6.4% |
| Equity | 10/15 | €239,409 | €236,807 | -€2,602 | -1.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €218,949 | €216,347 | -€2,602 | -1.2% |
| Amounts payable | 17/49 | €141,299 | €119,442 | -€21,857 | -15.5% |
| Amounts payable after more than one year | 17 | €12,042 | €9,208 | -€2,833 | -23.5% |
| Financial debts | 170/4 | €12,042 | €9,208 | -€2,833 | -23.5% |
| Amounts payable within one year | 42/48 | €129,257 | €110,233 | -€19,024 | -14.7% |
| Current portion of amounts payable after more than one year | 42 | €19,979 | €7,034 | -€12,945 | -64.8% |
| Trade debts | 44 | €94,886 | €88,901 | -€5,985 | -6.3% |
| Suppliers | 440/4 | €94,886 | €88,901 | -€5,985 | -6.3% |
| Taxes, remuneration and social security | 45 | €12,163 | €12,069 | -€94 | -0.8% |
| Taxes | 450/3 | €21 | - | -€21 | |
| Remuneration and social security | 454/9 | €12,142 | €12,069 | -€73 | -0.6% |
| Other amounts payable | 47/48 | €2,229 | €2,229 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €86,369 | €75,945 | -€10,424 | -12.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,877 | €11,120 | -€1,757 | -13.6% |
| Other operating charges | 640/8 | €872 | €1,012 | +€140 | +16.1% |
| Gross operating margin | 9900 | €121,840 | €88,159 | -€33,681 | -27.6% |
| Operating profit (loss) | 9901 | €21,722 | €81 | -€21,640 | -99.6% |
| Financial income | 75/76B | €936 | €109 | -€827 | -88.4% |
| Recurring financial income | 75 | €936 | €109 | -€827 | -88.4% |
| Financial charges | 65/66B | €1,997 | €2,429 | +€432 | +21.6% |
| Recurring financial charges | 65 | €1,997 | €2,429 | +€432 | +21.6% |
| Profit (loss) for the period before taxes | 9903 | €20,661 | -€2,239 | -€22,900 | |
| Income taxes | 67/77 | €6,484 | €363 | -€6,121 | -94.4% |
| Profit (loss) for the period | 9904 | €14,177 | -€2,602 | -€16,778 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,177 | -€2,602 | -€16,778 |
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 18 October 2026 via checked.be.