I thought, "here's a use for that 25-stack of DVD+R discs I bought 5 years ago" (just before getting a smart TV and NAS, and also just before my DVD player died and was not replaced). I formatted a disk to UDF using AutoPlay and created 4 folders on it, into each one I then copied the same 24.5 MB of photos. Total data 98 MB. Then I did some steps...
1. Properties: 104 MB used. Some overheads apparent.
2. Ejected disk and put it back. Properties: 136 MB used.
You have to eject the disk before you can use it in another PC. This 'finalises the current session', or whatever the UDF terminology is, and, of course, adds data to the disk.
3. Deleted 1 folder. Was asked if I wanted to permanently delete. Yes.
4. Properties: 137 MB used.
5. Eject disk.
6. Put disk back in, Properties: 141 MB used.
This is all exactly like the OP described. The disk is still writable, I just added another 248 MB of pictures.