DELTA & C°: 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 & C°
Largest movements
- Receivables within one year -€326,202
down €326,202 (-32.8%), from €994,491 to €668,289
of which Trade receivables: -€313,809
- Cash -€141,326
down €141,326 (-55.6%), from €254,383 to €113,057
mainly Trade debts (-€520,603) and Tax, wage and social debts (-€19,718)
- Current investments -€25,646
down €25,646 (-37.1%), from €69,182 to €43,536
- Trade debts -€520,603
down €520,603 (-63.9%), from €814,675 to €294,072
- Reserves +€46,200
up €46,200 (+11.1%), from €416,203 to €462,403
of which Distributable reserves: +€46,200
- Tax, wage and social debts -€19,718
down €19,718 (-68.0%), from €29,013 to €9,295
of which Taxes: -€20,039
- Gross operating margin -€14,958
down €14,958 (-9.9%), from €151,751 to €136,793
- Taxes -€3,126
down €3,126 (-15.5%), from €20,183 to €17,057
- Staff costs +€2,284
up €2,284 (+3.0%), from €76,079 to €78,362
- Financial income +€2,246
up €2,246 (+29.9%), from €7,521 to €9,767
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 | €1,321,891 | €827,770 | -€494,121 | -37.4% |
| Fixed assets | 21/28 | €2,000 | €2,000 | = | 0.0% |
| Tangible fixed assets | 22/27 | €2,000 | €2,000 | = | 0.0% |
| Furniture and vehicles | 24 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €1,319,891 | €825,770 | -€494,121 | -37.4% |
| Amounts receivable within one year | 40/41 | €994,491 | €668,289 | -€326,202 | -32.8% |
| Trade receivables | 40 | €935,206 | €621,397 | -€313,809 | -33.6% |
| Other amounts receivable | 41 | €59,285 | €46,892 | -€12,393 | -20.9% |
| Current investments | 50/53 | €69,182 | €43,536 | -€25,646 | -37.1% |
| Cash at bank and in hand | 54/58 | €254,383 | €113,057 | -€141,326 | -55.6% |
| Deferred charges and accrued income | 490/1 | €1,835 | €888 | -€947 | -51.6% |
| Total equity and liabilities | 10/49 | €1,321,891 | €827,770 | -€494,121 | -37.4% |
| Equity | 10/15 | €478,203 | €524,403 | +€46,200 | +9.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €416,203 | €462,403 | +€46,200 | +11.1% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €410,003 | €456,203 | +€46,200 | +11.3% |
| Amounts payable | 17/49 | €843,688 | €303,367 | -€540,321 | -64.0% |
| Amounts payable within one year | 42/48 | €843,688 | €303,367 | -€540,321 | -64.0% |
| Trade debts | 44 | €814,675 | €294,072 | -€520,603 | -63.9% |
| Suppliers | 440/4 | €814,675 | €294,072 | -€520,603 | -63.9% |
| Taxes, remuneration and social security | 45 | €29,013 | €9,295 | -€19,718 | -68.0% |
| Taxes | 450/3 | €20,039 | - | -€20,039 | |
| Remuneration and social security | 454/9 | €8,974 | €9,295 | +€321 | +3.6% |
| Remuneration, social security and pensions | 62 | €76,079 | €78,362 | +€2,284 | +3.0% |
| Other operating charges | 640/8 | €1,086 | €544 | -€542 | -49.9% |
| Gross operating margin | 9900 | €151,751 | €136,793 | -€14,958 | -9.9% |
| Operating profit (loss) | 9901 | €74,587 | €57,887 | -€16,700 | -22.4% |
| Financial income | 75/76B | €7,521 | €9,767 | +€2,246 | +29.9% |
| Recurring financial income | 75 | €7,521 | €9,767 | +€2,246 | +29.9% |
| Financial charges | 65/66B | €4,839 | €4,398 | -€441 | -9.1% |
| Recurring financial charges | 65 | €4,839 | €4,398 | -€441 | -9.1% |
| Profit (loss) for the period before taxes | 9903 | €77,270 | €63,256 | -€14,013 | -18.1% |
| Income taxes | 67/77 | €20,183 | €17,057 | -€3,126 | -15.5% |
| Profit (loss) for the period | 9904 | €57,086 | €46,200 | -€10,887 | -19.1% |
| Profit (loss) for the period to be appropriated | 9905 | €57,086 | €46,200 | -€10,887 | -19.1% |
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 11 October 2026 via checked.be.