DELTA CONSULT: 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 CONSULT
Largest movements
- Tangible fixed assets +€576,316
up €576,316 (+645%), from €89,396 to €665,712
of which Land and buildings: +€597,797
- Current investments +€24,792
up €24,792 (+5.1%), from €486,959 to €511,751
- Debts after one year +€448,287
up €448,287 (+697%), from €64,328 to €512,615
- Reserves +€129,506
up €129,506 (+19.6%), from €661,834 to €791,339
of which Distributable reserves: +€129,506
- Current portion of long-term debt +€33,333
up €33,333 (+181%), from €18,379 to €51,713
- Gross operating margin +€124,196
up €124,196 (+69.5%), from €178,766 to €302,962
- Depreciation +€99,343
up €99,343 (+706%), from €14,075 to €113,419
- Taxes +€12,057
up €12,057 (+24.1%), from €49,948 to €62,005
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 | €856,075 | €1,465,890 | +€609,815 | +71.2% |
| Fixed assets | 21/28 | €89,396 | €665,712 | +€576,316 | +645% |
| Tangible fixed assets | 22/27 | €89,396 | €665,712 | +€576,316 | +645% |
| Land and buildings | 22 | - | €597,797 | +€597,797 | |
| Plant, machinery and equipment | 23 | €3,492 | €2,736 | -€755 | -21.6% |
| Furniture and vehicles | 24 | €85,904 | €65,180 | -€20,725 | -24.1% |
| Current assets | 29/58 | €766,679 | €800,178 | +€33,499 | +4.4% |
| Amounts receivable within one year | 40/41 | €273,303 | €277,936 | +€4,633 | +1.7% |
| Trade receivables | 40 | €66,451 | €197,185 | +€130,735 | +197% |
| Other amounts receivable | 41 | €206,852 | €80,750 | -€126,102 | -61.0% |
| Current investments | 50/53 | €486,959 | €511,751 | +€24,792 | +5.1% |
| Cash at bank and in hand | 54/58 | €4,100 | €7,516 | +€3,416 | +83.3% |
| Deferred charges and accrued income | 490/1 | €2,317 | €2,975 | +€657 | +28.4% |
| Total equity and liabilities | 10/49 | €856,075 | €1,465,890 | +€609,815 | +71.2% |
| Equity | 10/15 | €674,234 | €803,739 | +€129,506 | +19.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €661,834 | €791,339 | +€129,506 | +19.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €659,974 | €789,479 | +€129,506 | +19.6% |
| Amounts payable | 17/49 | €181,841 | €662,151 | +€480,309 | +264% |
| Amounts payable after more than one year | 17 | €64,328 | €512,615 | +€448,287 | +697% |
| Financial debts | 170/4 | €64,328 | €512,615 | +€448,287 | +697% |
| Amounts payable within one year | 42/48 | €117,514 | €147,831 | +€30,317 | +25.8% |
| Current portion of amounts payable after more than one year | 42 | €18,379 | €51,713 | +€33,333 | +181% |
| Financial debts | 43 | €6,755 | €16,876 | +€10,121 | +150% |
| Credit institutions | 430/8 | €6,755 | €16,876 | +€10,121 | +150% |
| Trade debts | 44 | €355 | - | -€355 | |
| Suppliers | 440/4 | €355 | - | -€355 | |
| Other amounts payable | 47/48 | €92,024 | €79,242 | -€12,782 | -13.9% |
| Accrued charges and deferred income | 492/3 | - | €1,705 | +€1,705 | |
| Non-recurring operating income | 76A | €5,247 | - | -€5,247 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,075 | €113,419 | +€99,343 | +706% |
| Other operating charges | 640/8 | €1,172 | €859 | -€313 | -26.7% |
| Gross operating margin | 9900 | €178,766 | €302,962 | +€124,196 | +69.5% |
| Operating profit (loss) | 9901 | €163,519 | €188,684 | +€25,165 | +15.4% |
| Financial income | 75/76B | €10,396 | €8,146 | -€2,249 | -21.6% |
| Recurring financial income | 75 | €7,330 | €8,146 | +€816 | +11.1% |
| Non-recurring financial income | 76B | €3,066 | - | -€3,066 | |
| Financial charges | 65/66B | €4,013 | €5,319 | +€1,307 | +32.6% |
| Recurring financial charges | 65 | €4,013 | €5,319 | +€1,307 | +32.6% |
| Profit (loss) for the period before taxes | 9903 | €169,902 | €191,511 | +€21,609 | +12.7% |
| Income taxes | 67/77 | €49,948 | €62,005 | +€12,057 | +24.1% |
| Profit (loss) for the period | 9904 | €119,954 | €129,506 | +€9,552 | +8.0% |
| Profit (loss) for the period to be appropriated | 9905 | €119,954 | €129,506 | +€9,552 | +8.0% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.