A4 DELTA: 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.
A4 DELTA
Largest movements
- Cash +€108,242
up €108,242 (+21.1%), from €512,866 to €621,108
mainly Net result for the year (+€94,318) and Tax, wage and social debts (+€11,833)
- Receivables within one year +€8,450
up €8,450 (+20.2%), from €41,807 to €50,257
of which Other amounts receivable: +€5,653
- Tangible fixed assets -€7,601
down €7,601 (-44.7%), from €17,005 to €9,404
of which Furniture and vehicles: -€4,358
- Profit (loss) carried forward +€94,318
up €94,318 (+18.1%), from €521,221 to €615,539
- Tax, wage and social debts +€11,833
up €11,833 (+98.7%), from €11,990 to €23,823
of which Taxes: +€12,054
- Gross operating margin -€32,758
down €32,758 (-19.5%), from €168,101 to €135,343
- Depreciation -€21,230
down €21,230 (-71.8%), from €29,581 to €8,351
- Financial income +€2,528
up €2,528 (+221%), from €1,145 to €3,673
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 | €572,319 | €681,398 | +€109,080 | +19.1% |
| Fixed assets | 21/28 | €17,055 | €9,454 | -€7,601 | -44.6% |
| Tangible fixed assets | 22/27 | €17,005 | €9,404 | -€7,601 | -44.7% |
| Plant, machinery and equipment | 23 | €5,725 | €2,482 | -€3,243 | -56.6% |
| Furniture and vehicles | 24 | €11,280 | €6,922 | -€4,358 | -38.6% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €555,264 | €671,944 | +€116,681 | +21.0% |
| Amounts receivable within one year | 40/41 | €41,807 | €50,257 | +€8,450 | +20.2% |
| Trade receivables | 40 | €39,905 | €42,701 | +€2,796 | +7.0% |
| Other amounts receivable | 41 | €1,902 | €7,556 | +€5,653 | +297% |
| Cash at bank and in hand | 54/58 | €512,866 | €621,108 | +€108,242 | +21.1% |
| Deferred charges and accrued income | 490/1 | €591 | €580 | -€11 | -1.9% |
| Total equity and liabilities | 10/49 | €572,319 | €681,398 | +€109,080 | +19.1% |
| Equity | 10/15 | €526,221 | €620,539 | +€94,318 | +17.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €521,221 | €615,539 | +€94,318 | +18.1% |
| Amounts payable | 17/49 | €46,098 | €60,860 | +€14,762 | +32.0% |
| Amounts payable within one year | 42/48 | €46,098 | €60,810 | +€14,712 | +31.9% |
| Trade debts | 44 | €30,141 | €33,093 | +€2,953 | +9.8% |
| Suppliers | 440/4 | €30,141 | €33,093 | +€2,953 | +9.8% |
| Taxes, remuneration and social security | 45 | €11,990 | €23,823 | +€11,833 | +98.7% |
| Taxes | 450/3 | €11,199 | €23,254 | +€12,054 | +108% |
| Remuneration and social security | 454/9 | €791 | €569 | -€221 | -28.0% |
| Other amounts payable | 47/48 | €3,967 | €3,893 | -€74 | -1.9% |
| Accrued charges and deferred income | 492/3 | - | €50 | +€50 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,581 | €8,351 | -€21,230 | -71.8% |
| Other operating charges | 640/8 | €2,495 | €2,006 | -€489 | -19.6% |
| Gross operating margin | 9900 | €168,101 | €135,343 | -€32,758 | -19.5% |
| Operating profit (loss) | 9901 | €136,024 | €124,986 | -€11,039 | -8.1% |
| Financial income | 75/76B | €1,145 | €3,673 | +€2,528 | +221% |
| Recurring financial income | 75 | €1,145 | €3,673 | +€2,528 | +221% |
| Financial charges | 65/66B | €757 | €1,039 | +€283 | +37.4% |
| Recurring financial charges | 65 | €757 | €1,039 | +€283 | +37.4% |
| Profit (loss) for the period before taxes | 9903 | €136,413 | €127,619 | -€8,794 | -6.4% |
| Income taxes | 67/77 | €34,953 | €33,301 | -€1,652 | -4.7% |
| Profit (loss) for the period | 9904 | €101,460 | €94,318 | -€7,142 | -7.0% |
| Profit (loss) for the period to be appropriated | 9905 | €101,460 | €94,318 | -€7,142 | -7.0% |
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 17 October 2026 via checked.be.