DELTA COMPANY: what changed
DELTA COMPANY
Largest movements
- Tangible fixed assets -€26,504
down €26,504 (-46.7%), from €56,723 to €30,219
of which Furniture and vehicles: -€24,829
- Receivables within one year -€9,960
down €9,960 (-85.5%), from €11,643 to €1,683
of which Other amounts receivable: -€11,456
- Cash +€8,299
up €8,299 (+26.7%), from €31,066 to €39,365
mainly Depreciation (+€14,305) and Investment in fixed assets (net) (+€12,199)
- Deferred charges and accrued income -€1,415
down €1,415 (-53.6%), from €2,638 to €1,224
- Reserves -€20,055
down €20,055 (-83.9%), from €23,901 to €3,847
- Other debts -€7,766
down €7,766 (-15.2%), from €51,004 to €43,238
- Gross operating margin -€42,545
down €42,545 (-86.9%), from €48,987 to €6,441
- Staff costs -€25,331
down €25,331 (-72.2%), from €35,091 to €9,760
- Depreciation -€1,055
down €1,055 (-6.9%), from €15,360 to €14,305
- Financial charges -€871
down €871 (-94.5%), from €922 to €51
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €102,211 | €72,631 | -€29,580 | -28.9% |
| Fixed assets | 21/28 | €56,863 | €30,359 | -€26,504 | -46.6% |
| Tangible fixed assets | 22/27 | €56,723 | €30,219 | -€26,504 | -46.7% |
| Plant, machinery and equipment | 23 | €2,707 | €1,032 | -€1,675 | -61.9% |
| Furniture and vehicles | 24 | €54,016 | €29,187 | -€24,829 | -46.0% |
| Financial fixed assets | 28 | €140 | €140 | = | 0.0% |
| Current assets | 29/58 | €45,348 | €42,272 | -€3,076 | -6.8% |
| Amounts receivable within one year | 40/41 | €11,643 | €1,683 | -€9,960 | -85.5% |
| Trade receivables | 40 | €188 | €1,683 | +€1,496 | +798% |
| Other amounts receivable | 41 | €11,456 | - | -€11,456 | |
| Cash at bank and in hand | 54/58 | €31,066 | €39,365 | +€8,299 | +26.7% |
| Deferred charges and accrued income | 490/1 | €2,638 | €1,224 | -€1,415 | -53.6% |
| Total equity and liabilities | 10/49 | €102,211 | €72,631 | -€29,580 | -28.9% |
| Equity | 10/15 | €42,501 | €22,447 | -€20,055 | -47.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €23,901 | €3,847 | -€20,055 | -83.9% |
| Distributable reserves | 133 | €23,901 | €3,847 | -€20,055 | -83.9% |
| Amounts payable | 17/49 | €59,710 | €50,184 | -€9,526 | -16.0% |
| Amounts payable within one year | 42/48 | €59,710 | €50,184 | -€9,526 | -16.0% |
| Trade debts | 44 | €4,162 | €3,233 | -€929 | -22.3% |
| Suppliers | 440/4 | €4,162 | €3,233 | -€929 | -22.3% |
| Taxes, remuneration and social security | 45 | €4,543 | €3,713 | -€831 | -18.3% |
| Taxes | 450/3 | - | €2,513 | +€2,513 | |
| Remuneration and social security | 454/9 | €4,543 | €1,200 | -€3,344 | -73.6% |
| Other amounts payable | 47/48 | €51,004 | €43,238 | -€7,766 | -15.2% |
| Non-recurring operating income | 76A | - | €2,397 | +€2,397 | |
| Remuneration, social security and pensions | 62 | €35,091 | €9,760 | -€25,331 | -72.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,360 | €14,305 | -€1,055 | -6.9% |
| Other operating charges | 640/8 | €2,707 | €2,229 | -€477 | -17.6% |
| Non-recurring operating charges | 66A | - | €216 | +€216 | |
| Gross operating margin | 9900 | €48,987 | €6,441 | -€42,545 | -86.9% |
| Operating profit (loss) | 9901 | -€4,171 | -€20,069 | -€15,897 | -381% |
| Financial income | 75/76B | €3 | €65 | +€62 | +1,964% |
| Recurring financial income | 75 | €3 | €65 | +€62 | +1,964% |
| Financial charges | 65/66B | €922 | €51 | -€871 | -94.5% |
| Recurring financial charges | 65 | €922 | €51 | -€871 | -94.5% |
| Profit (loss) for the period before taxes | 9903 | -€5,090 | -€20,055 | -€14,965 | -294% |
| Profit (loss) for the period | 9904 | -€5,090 | -€20,055 | -€14,965 | -294% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,090 | -€20,055 | -€14,965 | -294% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.