DELPHARM: 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.
DELPHARM
Largest movements
- Receivables within one year +€17,123
up €17,123 (+1,068%), from €1,603 to €18,725
of which Trade receivables: +€18,191
- Tangible fixed assets -€16,207
down €16,207 (-18.8%), from €86,136 to €69,929
- Reserves +€330,000
new in 2025: €330,000
- Profit (loss) carried forward -€295,644
down €295,644 (-99.7%), from €296,533 to €889
- Debts after one year -€79,688
down €79,688 (-10.0%), from €793,891 to €714,202
of which Financial debts: -€79,688
- Other debts +€49,669
up €49,669 (+107%), from €46,206 to €95,875
- Trade debts +€15,314
up €15,314 (+865%), from €1,770 to €17,084
- Financial charges -€1,633
down €1,633 (-7.5%), from €21,883 to €20,250
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 | €1,281,342 | €1,288,773 | +€7,431 | +0.6% |
| Fixed assets | 21/28 | €1,259,602 | €1,243,395 | -€16,207 | -1.3% |
| Tangible fixed assets | 22/27 | €86,136 | €69,929 | -€16,207 | -18.8% |
| Furniture and vehicles | 24 | €86,136 | €69,929 | -€16,207 | -18.8% |
| Financial fixed assets | 28 | €1,173,466 | €1,173,466 | = | 0.0% |
| Current assets | 29/58 | €21,740 | €45,379 | +€23,639 | +109% |
| Amounts receivable within one year | 40/41 | €1,603 | €18,725 | +€17,123 | +1,068% |
| Trade receivables | 40 | €535 | €18,725 | +€18,191 | +3,403% |
| Other amounts receivable | 41 | €1,068 | - | -€1,068 | |
| Cash at bank and in hand | 54/58 | €9,893 | €19,381 | +€9,487 | +95.9% |
| Deferred charges and accrued income | 490/1 | €10,244 | €7,273 | -€2,971 | -29.0% |
| Total equity and liabilities | 10/49 | €1,281,342 | €1,288,773 | +€7,431 | +0.6% |
| Equity | 10/15 | €316,533 | €350,889 | +€34,356 | +10.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | - | €330,000 | +€330,000 | |
| Distributable reserves | 133 | - | €330,000 | +€330,000 | |
| Profit (loss) carried forward | 14 | €296,533 | €889 | -€295,644 | -99.7% |
| Amounts payable | 17/49 | €964,809 | €937,884 | -€26,924 | -2.8% |
| Amounts payable after more than one year | 17 | €793,891 | €714,202 | -€79,688 | -10.0% |
| Financial debts | 170/4 | €713,891 | €634,202 | -€79,688 | -11.2% |
| Other amounts payable | 178/9 | €80,000 | €80,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €162,976 | €216,631 | +€53,655 | +32.9% |
| Current portion of amounts payable after more than one year | 42 | €88,299 | €90,497 | +€2,198 | +2.5% |
| Financial debts | 43 | €1,025 | - | -€1,025 | |
| Other loans | 439 | €1,025 | - | -€1,025 | |
| Trade debts | 44 | €1,770 | €17,084 | +€15,314 | +865% |
| Suppliers | 440/4 | €1,770 | €17,084 | +€15,314 | +865% |
| Taxes, remuneration and social security | 45 | €25,676 | €13,174 | -€12,501 | -48.7% |
| Taxes | 450/3 | €25,676 | €13,174 | -€12,501 | -48.7% |
| Other amounts payable | 47/48 | €46,206 | €95,875 | +€49,669 | +107% |
| Accrued charges and deferred income | 492/3 | €7,942 | €7,051 | -€891 | -11.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,207 | €16,207 | = | 0.0% |
| Other operating charges | 640/8 | €630 | €670 | +€40 | +6.3% |
| Gross operating margin | 9900 | €81,584 | €80,957 | -€627 | -0.8% |
| Operating profit (loss) | 9901 | €64,747 | €64,080 | -€667 | -1.0% |
| Financial charges | 65/66B | €21,883 | €20,250 | -€1,633 | -7.5% |
| Recurring financial charges | 65 | €21,883 | €20,250 | -€1,633 | -7.5% |
| Profit (loss) for the period before taxes | 9903 | €42,864 | €43,830 | +€966 | +2.3% |
| Income taxes | 67/77 | €9,301 | €9,474 | +€173 | +1.9% |
| Profit (loss) for the period | 9904 | €33,563 | €34,356 | +€792 | +2.4% |
| Profit (loss) for the period to be appropriated | 9905 | €33,563 | €34,356 | +€792 | +2.4% |
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 29 October 2026 via checked.be.