DELTA +: 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.
DELTA +
Largest movements
No asset line moved by more than 1% of the balance sheet total.
No liability line moved by more than 1% of the balance sheet total.
- Depreciation +€2,075
new in 2025: €2,075
- Gross operating margin +€1,250
up €1,250 (+17.7%), from -€7,074 to -€5,824
- Other operating charges +€998
new in 2025: €998
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 | €1,532,868 | €1,531,747 | -€1,121 | -0.1% |
| Fixed assets | 21/28 | €151,127 | €149,052 | -€2,075 | -1.4% |
| Tangible fixed assets | 22/27 | €5,140 | €3,065 | -€2,075 | -40.4% |
| Furniture and vehicles | 24 | €5,140 | €3,065 | -€2,075 | -40.4% |
| Financial fixed assets | 28 | €145,987 | €145,987 | = | 0.0% |
| Current assets | 29/58 | €1,381,741 | €1,382,695 | +€954 | +0.1% |
| Amounts receivable after more than one year | 29 | €1,009,405 | €1,009,405 | = | 0.0% |
| Other amounts receivable | 291 | €1,009,405 | €1,009,405 | = | 0.0% |
| Stocks and contracts in progress | 3 | €3,588 | €4,457 | +€869 | +24.2% |
| Stocks | 30/36 | €3,588 | €4,457 | +€869 | +24.2% |
| Amounts receivable within one year | 40/41 | €368,690 | €368,690 | = | 0.0% |
| Trade receivables | 40 | €226,990 | €226,990 | = | 0.0% |
| Other amounts receivable | 41 | €141,700 | €141,700 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €58 | €143 | +€85 | +146.6% |
| Total equity and liabilities | 10/49 | €1,532,868 | €1,531,747 | -€1,121 | -0.1% |
| Equity | 10/15 | -€91,376 | -€100,319 | -€8,943 | -9.8% |
| Contributions | 10/11 | €1,000,000 | €1,000,000 | = | 0.0% |
| Reserves | 13 | €31,798 | €31,798 | = | 0.0% |
| Non-distributable reserves | 130/1 | €31,798 | €31,798 | = | 0.0% |
| Reserves not available under the articles | 1311 | €31,798 | €31,798 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,123,174 | -€1,132,117 | -€8,943 | -0.8% |
| Amounts payable | 17/49 | €1,624,244 | €1,632,066 | +€7,822 | +0.5% |
| Amounts payable after more than one year | 17 | €653,276 | €653,476 | +€200 | 0.0% |
| Other amounts payable | 178/9 | €653,276 | €653,476 | +€200 | 0.0% |
| Amounts payable within one year | 42/48 | €970,968 | €978,590 | +€7,622 | +0.8% |
| Trade debts | 44 | €1,065 | €1,594 | +€529 | +49.7% |
| Suppliers | 440/4 | €1,065 | €1,594 | +€529 | +49.7% |
| Taxes, remuneration and social security | 45 | €53,926 | €53,926 | = | 0.0% |
| Taxes | 450/3 | €53,926 | €53,926 | = | 0.0% |
| Other amounts payable | 47/48 | €915,977 | €923,070 | +€7,093 | +0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €2,075 | +€2,075 | |
| Other operating charges | 640/8 | - | €998 | +€998 | |
| Gross operating margin | 9900 | -€7,074 | -€5,824 | +€1,250 | +17.7% |
| Operating profit (loss) | 9901 | -€7,074 | -€8,897 | -€1,823 | -25.8% |
| Financial charges | 65/66B | €17 | €46 | +€29 | +170.6% |
| Recurring financial charges | 65 | €17 | €46 | +€29 | +170.6% |
| Non-recurring financial charges | 66B | €17 | - | -€17 | |
| Profit (loss) for the period before taxes | 9903 | -€7,091 | -€8,943 | -€1,852 | -26.1% |
| Profit (loss) for the period | 9904 | -€7,091 | -€8,943 | -€1,852 | -26.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,091 | -€8,943 | -€1,852 | -26.1% |
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 4 October 2026 via checked.be.