DELTA CD: 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 CD
Largest movements
- Current investments -€996,751
down €996,751 (-100.0%), from €996,751 to €0
- Financial fixed assets +€277,000
up €277,000, from €0 to €277,000
- Receivables within one year +€275,781
up €275,781 (+132.3%), from €208,463 to €484,244
of which Other amounts receivable: +€295,714
- Tangible fixed assets +€199,346
up €199,346 (+333.8%), from €59,724 to €259,070
of which Land and buildings: +€194,445
- Cash +€59,376
up €59,376 (+104.9%), from €56,599 to €115,975
mainly Current investments (+€996,751) and Depreciation (+€56,395)
- Tax, wage and social debts -€100,194
down €100,194 (-99.2%), from €100,984 to €789
- Profit (loss) carried forward -€55,013
down €55,013 (-44.3%), from €124,277 to €69,264
- Financial income -€1.1m
down €1.1m (-96.9%), from €1.1m to €35,534
- Taxes -€113,885
down €113,885 (-99.8%), from €114,138 to €254
- Financial charges +€48,413
up €48,413 (+1074.1%), from €4,507 to €52,920
- Depreciation +€35,466
up €35,466 (+169.5%), from €20,929 to €56,395
- Gross operating margin -€9,517
down €9,517 (-29.3%), from €32,502 to €22,985
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 | €1,425,387 | €1,259,294 | -€166,093 | -11.7% |
| Fixed assets | 21/28 | €59,724 | €536,070 | +€476,346 | +797.6% |
| Tangible fixed assets | 22/27 | €59,724 | €259,070 | +€199,346 | +333.8% |
| Land and buildings | 22 | €52,612 | €247,057 | +€194,445 | +369.6% |
| Plant, machinery and equipment | 23 | €817 | €3,547 | +€2,731 | +334.3% |
| Furniture and vehicles | 24 | €6,295 | €8,465 | +€2,170 | +34.5% |
| Financial fixed assets | 28 | €0 | €277,000 | +€277,000 | |
| Current assets | 29/58 | €1,365,663 | €723,224 | -€642,440 | -47.0% |
| Amounts receivable after more than one year | 29 | €92,200 | €92,200 | = | 0.0% |
| Other amounts receivable | 291 | €92,200 | €92,200 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €208,463 | €484,244 | +€275,781 | +132.3% |
| Trade receivables | 40 | €19,934 | €0 | -€19,934 | -100.0% |
| Other amounts receivable | 41 | €188,529 | €484,244 | +€295,714 | +156.9% |
| Current investments | 50/53 | €996,751 | €0 | -€996,751 | -100.0% |
| Cash at bank and in hand | 54/58 | €56,599 | €115,975 | +€59,376 | +104.9% |
| Deferred charges and accrued income | 490/1 | €11,650 | €30,805 | +€19,155 | +164.4% |
| Total equity and liabilities | 10/49 | €1,425,387 | €1,259,294 | -€166,093 | -11.7% |
| Equity | 10/15 | €1,281,411 | €1,226,398 | -€55,013 | -4.3% |
| Contributions | 10/11 | €118,592 | €118,592 | = | 0.0% |
| Reserves | 13 | €1,038,542 | €1,038,542 | = | 0.0% |
| Distributable reserves | 133 | €1,038,542 | €1,038,542 | = | 0.0% |
| Profit (loss) carried forward | 14 | €124,277 | €69,264 | -€55,013 | -44.3% |
| Amounts payable | 17/49 | €143,976 | €32,896 | -€111,080 | -77.2% |
| Amounts payable after more than one year | 17 | €30,509 | €20,255 | -€10,254 | -33.6% |
| Financial debts | 170/4 | €30,509 | €20,255 | -€10,254 | -33.6% |
| Amounts payable within one year | 42/48 | €112,578 | €12,641 | -€99,937 | -88.8% |
| Current portion of amounts payable after more than one year | 42 | €9,852 | €10,254 | +€401 | +4.1% |
| Financial debts | 43 | €0 | €41 | +€41 | |
| Credit institutions | 430/8 | €0 | €41 | +€41 | |
| Trade debts | 44 | €1,742 | €1,556 | -€185 | -10.6% |
| Suppliers | 440/4 | €1,742 | €1,556 | -€185 | -10.6% |
| Taxes, remuneration and social security | 45 | €100,984 | €789 | -€100,194 | -99.2% |
| Taxes | 450/3 | €100,984 | €789 | -€100,194 | -99.2% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €889 | €0 | -€889 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,929 | €56,395 | +€35,466 | +169.5% |
| Other operating charges | 640/8 | €2,851 | €3,964 | +€1,113 | +39.1% |
| Gross operating margin | 9900 | €32,502 | €22,985 | -€9,517 | -29.3% |
| Operating profit (loss) | 9901 | €8,723 | -€37,373 | -€46,096 | |
| Financial income | 75/76B | €1,136,606 | €35,534 | -€1.1m | -96.9% |
| Recurring financial income | 75 | €1,136,606 | €35,534 | -€1.1m | -96.9% |
| Financial charges | 65/66B | €4,507 | €52,920 | +€48,413 | +1074.1% |
| Recurring financial charges | 65 | €4,507 | €52,920 | +€48,413 | +1074.1% |
| Profit (loss) for the period before taxes | 9903 | €1,140,821 | -€54,760 | -€1.2m | |
| Income taxes | 67/77 | €114,138 | €254 | -€113,885 | -99.8% |
| Profit (loss) for the period | 9904 | €1,026,683 | -€55,013 | -€1.1m | |
| Profit (loss) for the period to be appropriated | 9905 | €1,026,683 | -€55,013 | -€1.1m |
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 6 October 2026 via checked.be.