DELTA BOX: 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 BOX
Largest movements
- Receivables within one year +€394,122
up €394,122 (+32.8%), from €1.2m to €1.6m
of which Trade receivables: +€492,276
- Stocks and contracts +€250,000
up €250,000 (+82.0%), from €305,000 to €555,000
- Current investments +€171,000
up €171,000 (+70.7%), from €242,000 to €413,000
- Reserves +€674,253
up €674,253 (+31.2%), from €2.2m to €2.8m
of which Distributable reserves: +€674,253
- Trade debts +€282,397
up €282,397 (+38.3%), from €737,459 to €1.0m
- Debts after one year -€203,916
down €203,916 (-13.9%), from €1.5m to €1.3m
- Gross operating margin +€279,369
up €279,369 (+20.7%), from €1.3m to €1.6m
- Taxes +€134,772
up €134,772 (+71.7%), from €187,964 to €322,736
- Staff costs +€71,471
up €71,471 (+20.2%), from €353,588 to €425,059
- Financial income +€47,077
up €47,077 (+383%), from €12,279 to €59,357
of which Non-recurring financial income: +€37,640
- Depreciation -€26,110
down €26,110 (-10.8%), from €240,728 to €214,618
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 | €5,334,943 | €6,083,991 | +€749,048 | +14.0% |
| Fixed assets | 21/28 | €2,874,825 | €2,829,151 | -€45,674 | -1.6% |
| Tangible fixed assets | 22/27 | €2,874,825 | €2,829,151 | -€45,674 | -1.6% |
| Land and buildings | 22 | €2,451,847 | €2,467,816 | +€15,969 | +0.7% |
| Plant, machinery and equipment | 23 | €262,772 | €202,805 | -€59,966 | -22.8% |
| Furniture and vehicles | 24 | €160,206 | €158,529 | -€1,677 | -1.0% |
| Current assets | 29/58 | €2,460,118 | €3,254,840 | +€794,722 | +32.3% |
| Stocks and contracts in progress | 3 | €305,000 | €555,000 | +€250,000 | +82.0% |
| Stocks | 30/36 | €305,000 | €555,000 | +€250,000 | +82.0% |
| Amounts receivable within one year | 40/41 | €1,200,636 | €1,594,758 | +€394,122 | +32.8% |
| Trade receivables | 40 | €969,867 | €1,462,143 | +€492,276 | +50.8% |
| Other amounts receivable | 41 | €230,769 | €132,615 | -€98,155 | -42.5% |
| Current investments | 50/53 | €242,000 | €413,000 | +€171,000 | +70.7% |
| Cash at bank and in hand | 54/58 | €666,858 | €675,097 | +€8,239 | +1.2% |
| Deferred charges and accrued income | 490/1 | €45,625 | €16,985 | -€28,639 | -62.8% |
| Total equity and liabilities | 10/49 | €5,334,943 | €6,083,991 | +€749,048 | +14.0% |
| Equity | 10/15 | €2,873,032 | €3,547,285 | +€674,253 | +23.5% |
| Contributions | 10/11 | €183,613 | €183,613 | = | 0.0% |
| Reserves | 13 | €2,161,440 | €2,835,693 | +€674,253 | +31.2% |
| Tax-exempt reserves | 132 | €336,800 | €336,800 | = | 0.0% |
| Distributable reserves | 133 | €1,824,640 | €2,498,893 | +€674,253 | +37.0% |
| Profit (loss) carried forward | 14 | €527,979 | €527,979 | = | 0.0% |
| Amounts payable | 17/49 | €2,461,911 | €2,536,706 | +€74,795 | +3.0% |
| Amounts payable after more than one year | 17 | €1,470,492 | €1,266,576 | -€203,916 | -13.9% |
| Financial debts | 170/4 | €1,470,492 | €1,266,576 | -€203,916 | -13.9% |
| Amounts payable within one year | 42/48 | €991,419 | €1,268,192 | +€276,772 | +27.9% |
| Current portion of amounts payable after more than one year | 42 | €202,601 | €203,916 | +€1,315 | +0.6% |
| Trade debts | 44 | €737,459 | €1,019,855 | +€282,397 | +38.3% |
| Suppliers | 440/4 | €737,459 | €1,019,855 | +€282,397 | +38.3% |
| Taxes, remuneration and social security | 45 | €51,360 | €44,420 | -€6,940 | -13.5% |
| Taxes | 450/3 | €16,399 | €2,302 | -€14,097 | -86.0% |
| Remuneration and social security | 454/9 | €34,961 | €42,118 | +€7,157 | +20.5% |
| Accrued charges and deferred income | 492/3 | - | €1,939 | +€1,939 | |
| Non-recurring operating income | 76A | €826 | €6,169 | +€5,342 | +646% |
| Remuneration, social security and pensions | 62 | €353,588 | €425,059 | +€71,471 | +20.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €240,728 | €214,618 | -€26,110 | -10.8% |
| Other operating charges | 640/8 | €35,499 | €24,341 | -€11,158 | -31.4% |
| Non-recurring operating charges | 66A | - | €9,780 | +€9,780 | |
| Gross operating margin | 9900 | €1,349,920 | €1,629,289 | +€279,369 | +20.7% |
| Operating profit (loss) | 9901 | €720,105 | €955,491 | +€235,386 | +32.7% |
| Financial income | 75/76B | €12,279 | €59,357 | +€47,077 | +383% |
| Recurring financial income | 75 | €12,279 | €21,716 | +€9,437 | +76.8% |
| Non-recurring financial income | 76B | - | €37,640 | +€37,640 | |
| Financial charges | 65/66B | €20,655 | €17,858 | -€2,797 | -13.5% |
| Recurring financial charges | 65 | €20,655 | €17,858 | -€2,797 | -13.5% |
| Profit (loss) for the period before taxes | 9903 | €711,729 | €996,990 | +€285,261 | +40.1% |
| Income taxes | 67/77 | €187,964 | €322,736 | +€134,772 | +71.7% |
| Profit (loss) for the period | 9904 | €523,765 | €674,253 | +€150,488 | +28.7% |
| Transfer to tax-exempt reserves | 689 | €336,800 | - | -€336,800 | |
| Profit (loss) for the period to be appropriated | 9905 | €186,965 | €674,253 | +€487,288 | +261% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.