Delta Bikes: 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 Bikes
Largest movements
- Stocks and contracts -€124,781
down €124,781 (-18.4%), from €679,781 to €555,000
- Cash +€97,381
up €97,381 (+162%), from €60,191 to €157,572
mainly Stocks and contracts (+€124,781) and Trade debts (+€26,489)
- Current portion of long-term debt -€37,002
down €37,002 (-100%), from €37,002 to €0
- Short-term financial debts -€30,000
down €30,000 (-23.1%), from €130,000 to €100,000
- Trade debts +€26,489
up €26,489 (+39.7%), from €66,672 to €93,161
- Tax, wage and social debts +€15,223
up €15,223 (+39.7%), from €38,343 to €53,567
of which Remuneration and social security: +€10,228
- Financial charges -€7,661
down €7,661 (-48.4%), from €15,816 to €8,155
- Other operating charges +€6,759
up €6,759 (+461%), from €1,468 to €8,227
- Staff costs +€2,514
up €2,514 (+1.9%), from €131,534 to €134,048
- Financial income -€2,420
down €2,420 (-72.1%), from €3,359 to €939
- Gross operating margin +€2,111
up €2,111 (+1.2%), from €172,240 to €174,351
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 | €796,759 | €767,591 | -€29,168 | -3.7% |
| Fixed assets | 21/28 | €23,748 | €14,637 | -€9,111 | -38.4% |
| Intangible fixed assets | 21 | €6,442 | €2,692 | -€3,750 | -58.2% |
| Tangible fixed assets | 22/27 | €14,876 | €9,515 | -€5,361 | -36.0% |
| Plant, machinery and equipment | 23 | €3,029 | €2,222 | -€807 | -26.6% |
| Furniture and vehicles | 24 | - | €1,370 | +€1,370 | |
| Other tangible fixed assets | 26 | €11,847 | €5,923 | -€5,923 | -50.0% |
| Financial fixed assets | 28 | €2,430 | €2,430 | = | 0.0% |
| Current assets | 29/58 | €773,012 | €752,955 | -€20,057 | -2.6% |
| Stocks and contracts in progress | 3 | €679,781 | €555,000 | -€124,781 | -18.4% |
| Stocks | 30/36 | €679,781 | €555,000 | -€124,781 | -18.4% |
| Amounts receivable within one year | 40/41 | €26,949 | €34,229 | +€7,280 | +27.0% |
| Trade receivables | 40 | €8,127 | €31,190 | +€23,063 | +284% |
| Other amounts receivable | 41 | €18,822 | €3,039 | -€15,784 | -83.9% |
| Cash at bank and in hand | 54/58 | €60,191 | €157,572 | +€97,381 | +162% |
| Deferred charges and accrued income | 490/1 | €6,092 | €6,154 | +€62 | +1.0% |
| Total equity and liabilities | 10/49 | €796,759 | €767,591 | -€29,168 | -3.7% |
| Equity | 10/15 | €491,920 | €487,233 | -€4,687 | -1.0% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €466,920 | €462,233 | -€4,687 | -1.0% |
| Distributable reserves | 133 | €466,920 | €462,233 | -€4,687 | -1.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €304,839 | €280,358 | -€24,481 | -8.0% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €301,393 | €278,876 | -€22,516 | -7.5% |
| Current portion of amounts payable after more than one year | 42 | €37,002 | €0 | -€37,002 | -100% |
| Financial debts | 43 | €130,000 | €100,000 | -€30,000 | -23.1% |
| Credit institutions | 430/8 | €130,000 | €100,000 | -€30,000 | -23.1% |
| Trade debts | 44 | €66,672 | €93,161 | +€26,489 | +39.7% |
| Suppliers | 440/4 | €66,672 | €93,161 | +€26,489 | +39.7% |
| Advances received on contracts in progress | 46 | €11,965 | €15,927 | +€3,962 | +33.1% |
| Taxes, remuneration and social security | 45 | €38,343 | €53,567 | +€15,223 | +39.7% |
| Taxes | 450/3 | €17,656 | €22,651 | +€4,995 | +28.3% |
| Remuneration and social security | 454/9 | €20,687 | €30,916 | +€10,228 | +49.4% |
| Other amounts payable | 47/48 | €17,410 | €16,222 | -€1,188 | -6.8% |
| Accrued charges and deferred income | 492/3 | €3,446 | €1,482 | -€1,965 | -57.0% |
| Remuneration, social security and pensions | 62 | €131,534 | €134,048 | +€2,514 | +1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,402 | €10,607 | +€205 | +2.0% |
| Other operating charges | 640/8 | €1,468 | €8,227 | +€6,759 | +461% |
| Gross operating margin | 9900 | €172,240 | €174,351 | +€2,111 | +1.2% |
| Operating profit (loss) | 9901 | €28,836 | €21,468 | -€7,368 | -25.5% |
| Financial income | 75/76B | €3,359 | €939 | -€2,420 | -72.1% |
| Recurring financial income | 75 | €3,359 | €939 | -€2,420 | -72.1% |
| Financial charges | 65/66B | €15,816 | €8,155 | -€7,661 | -48.4% |
| Recurring financial charges | 65 | €15,816 | €8,155 | -€7,661 | -48.4% |
| Profit (loss) for the period before taxes | 9903 | €16,379 | €14,252 | -€2,127 | -13.0% |
| Income taxes | 67/77 | €4,007 | €3,939 | -€68 | -1.7% |
| Profit (loss) for the period | 9904 | €12,372 | €10,313 | -€2,059 | -16.6% |
| Profit (loss) for the period to be appropriated | 9905 | €12,372 | €10,313 | -€2,059 | -16.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.