Delta BE: 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.
Delta BE
Largest movements
- Deferred charges and accrued income -€2.0m
down €2.0m (-98.1%), from €2.0m to €39,439
- Receivables within one year +€1.7m
up €1.7m (+56.3%), from €3.1m to €4.8m
of which Trade receivables: +€1.4m
- Stocks and contracts +€245,201
up €245,201 (+619.9%), from €39,555 to €284,757
- Current investments +€63,782
new in 2025: €63,782
- Reserves -€4.1m
down €4.1m (-97.1%), from €4.3m to €123,465
- Other debts +€3.2m
up €3.2m (+627.1%), from €515,006 to €3.7m
- Trade debts +€1.0m
up €1.0m (+157.3%), from €646,369 to €1.7m
- Tax, wage and social debts -€206,581
down €206,581 (-79.4%), from €260,251 to €53,671
of which Taxes: -€218,280
- Accrued charges and deferred income +€122,043
up €122,043 (+73.7%), from €165,496 to €287,539
- Gross operating margin +€1.9m
up €1.9m (+52.2%), from €3.7m to €5.6m
- Staff costs +€432,725
up €432,725 (+191.3%), from €226,225 to €658,950
- Taxes +€214,682
up €214,682 (+21.0%), from €1.0m to €1.2m
- Other operating charges -€176,848
down €176,848 (-79.3%), from €223,127 to €46,279
- Provisions +€63,700
new in 2025: €63,700
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 | €5,878,677 | €5,956,056 | +€77,379 | +1.3% |
| Formation expenses | 20 | €222 | - | -€222 | |
| Fixed assets | 21/28 | €247,677 | €306,467 | +€58,790 | +23.7% |
| Intangible fixed assets | 21 | €1,137 | €12,322 | +€11,185 | +983.8% |
| Tangible fixed assets | 22/27 | €246,539 | €294,144 | +€47,605 | +19.3% |
| Plant, machinery and equipment | 23 | - | €5,238 | +€5,238 | |
| Furniture and vehicles | 24 | €96,539 | €138,906 | +€42,366 | +43.9% |
| Other tangible fixed assets | 26 | €150,000 | €150,000 | = | 0.0% |
| Financial fixed assets | 28 | €1 | €1 | = | 0.0% |
| Current assets | 29/58 | €5,630,778 | €5,649,590 | +€18,812 | +0.3% |
| Stocks and contracts in progress | 3 | €39,555 | €284,757 | +€245,201 | +619.9% |
| Stocks | 30/36 | €39,555 | €284,757 | +€245,201 | +619.9% |
| Amounts receivable within one year | 40/41 | €3,086,193 | €4,824,411 | +€1.7m | +56.3% |
| Trade receivables | 40 | €1,129,715 | €2,502,456 | +€1.4m | +121.5% |
| Other amounts receivable | 41 | €1,956,478 | €2,321,955 | +€365,477 | +18.7% |
| Current investments | 50/53 | - | €63,782 | +€63,782 | |
| Cash at bank and in hand | 54/58 | €471,906 | €437,201 | -€34,705 | -7.4% |
| Deferred charges and accrued income | 490/1 | €2,033,124 | €39,439 | -€2.0m | -98.1% |
| Total equity and liabilities | 10/49 | €5,878,677 | €5,956,056 | +€77,379 | +1.3% |
| Equity | 10/15 | €4,291,556 | €143,465 | -€4.1m | -96.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €4,271,556 | €123,465 | -€4.1m | -97.1% |
| Distributable reserves | 133 | €4,271,556 | €123,465 | -€4.1m | -97.1% |
| Provisions and deferred taxes | 16 | - | €63,700 | +€63,700 | |
| Provisions for liabilities and charges | 160/5 | - | €63,700 | +€63,700 | |
| Environmental obligations | 163 | - | €63,700 | +€63,700 | |
| Amounts payable | 17/49 | €1,587,121 | €5,748,891 | +€4.2m | +262.2% |
| Amounts payable within one year | 42/48 | €1,421,626 | €5,461,352 | +€4.0m | +284.2% |
| Trade debts | 44 | €646,369 | €1,663,258 | +€1.0m | +157.3% |
| Suppliers | 440/4 | €646,369 | €1,663,258 | +€1.0m | +157.3% |
| Taxes, remuneration and social security | 45 | €260,251 | €53,671 | -€206,581 | -79.4% |
| Taxes | 450/3 | €218,280 | - | -€218,280 | |
| Remuneration and social security | 454/9 | €41,971 | €53,671 | +€11,700 | +27.9% |
| Other amounts payable | 47/48 | €515,006 | €3,744,424 | +€3.2m | +627.1% |
| Accrued charges and deferred income | 492/3 | €165,496 | €287,539 | +€122,043 | +73.7% |
| Remuneration, social security and pensions | 62 | €226,225 | €658,950 | +€432,725 | +191.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,544 | €28,955 | +€11,411 | +65.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €63,700 | +€63,700 | |
| Other operating charges | 640/8 | €223,127 | €46,279 | -€176,848 | -79.3% |
| Non-recurring operating charges | 66A | €3,177 | €1,600 | -€1,577 | -49.6% |
| Gross operating margin | 9900 | €3,697,580 | €5,626,501 | +€1.9m | +52.2% |
| Operating profit (loss) | 9901 | €3,227,506 | €4,827,016 | +€1.6m | +49.6% |
| Financial income | 75/76B | €62,516 | €44,159 | -€18,357 | -29.4% |
| Recurring financial income | 75 | €62,516 | €44,159 | -€18,357 | -29.4% |
| Financial charges | 65/66B | €1,181 | €31,643 | +€30,462 | +2578.8% |
| Recurring financial charges | 65 | €1,181 | €31,643 | +€30,462 | +2578.8% |
| Profit (loss) for the period before taxes | 9903 | €3,288,841 | €4,839,532 | +€1.6m | +47.2% |
| Income taxes | 67/77 | €1,020,000 | €1,234,682 | +€214,682 | +21.0% |
| Profit (loss) for the period | 9904 | €2,268,841 | €3,604,851 | +€1.3m | +58.9% |
| Profit (loss) for the period to be appropriated | 9905 | €2,268,841 | €3,604,851 | +€1.3m | +58.9% |
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 9 October 2026 via checked.be.