DELTA DIFFUSION: 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 DIFFUSION
Largest movements
- Stocks and contracts +€400,654
up €400,654 (+32.4%), from €1.2m to €1.6m
- Receivables within one year -€212,944
down €212,944 (-5.3%), from €4.0m to €3.8m
of which Other amounts receivable: -€289,953
- Tangible fixed assets +€170,943
up €170,943 (+77.2%), from €221,314 to €392,257
of which Assets under construction and advance payments: +€333,145
- Cash -€170,861
down €170,861 (-75.4%), from €226,694 to €55,834
mainly Trade debts (-€421,514) and Contributions, distributions and other (-€400,677)
- Deferred charges and accrued income -€135,211
down €135,211 (-37.7%), from €358,191 to €222,980
- Other debts +€458,458
up €458,458 (+442.0%), from €103,720 to €562,178
- Trade debts -€421,514
down €421,514 (-18.2%), from €2.3m to €1.9m
- Gross operating margin +€123,235
up €123,235 (+10.6%), from €1.2m to €1.3m
- Financial income -€93,694
down €93,694 (-67.1%), from €139,722 to €46,028
- Staff costs +€84,164
up €84,164 (+20.4%), from €411,584 to €495,749
- Depreciation +€56,492
up €56,492 (+63.1%), from €89,507 to €145,999
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 | €6,493,319 | €6,495,298 | +€1,979 | 0.0% |
| Fixed assets | 21/28 | €667,083 | €787,424 | +€120,341 | +18.0% |
| Intangible fixed assets | 21 | €445,556 | €394,954 | -€50,602 | -11.4% |
| Tangible fixed assets | 22/27 | €221,314 | €392,257 | +€170,943 | +77.2% |
| Land and buildings | 22 | €135,500 | €0 | -€135,500 | -100.0% |
| Plant, machinery and equipment | 23 | €5,992 | €2,828 | -€3,164 | -52.8% |
| Furniture and vehicles | 24 | €79,418 | €48,853 | -€30,566 | -38.5% |
| Other tangible fixed assets | 26 | €404 | €7,432 | +€7,027 | +1738.4% |
| Assets under construction and advance payments | 27 | - | €333,145 | +€333,145 | |
| Financial fixed assets | 28 | €213 | €213 | = | 0.0% |
| Current assets | 29/58 | €5,826,236 | €5,707,874 | -€118,362 | -2.0% |
| Stocks and contracts in progress | 3 | €1,234,716 | €1,635,370 | +€400,654 | +32.4% |
| Stocks | 30/36 | €1,234,716 | €1,635,370 | +€400,654 | +32.4% |
| Amounts receivable within one year | 40/41 | €4,006,635 | €3,793,691 | -€212,944 | -5.3% |
| Trade receivables | 40 | €990,126 | €1,067,135 | +€77,009 | +7.8% |
| Other amounts receivable | 41 | €3,016,509 | €2,726,556 | -€289,953 | -9.6% |
| Cash at bank and in hand | 54/58 | €226,694 | €55,834 | -€170,861 | -75.4% |
| Deferred charges and accrued income | 490/1 | €358,191 | €222,980 | -€135,211 | -37.7% |
| Total equity and liabilities | 10/49 | €6,493,319 | €6,495,298 | +€1,979 | 0.0% |
| Equity | 10/15 | €3,645,141 | €3,659,325 | +€14,185 | +0.4% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €3,540,110 | €3,554,971 | +€14,861 | +0.4% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €3,530,110 | €3,544,971 | +€14,861 | +0.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Investment grants | 15 | €5,031 | €4,354 | -€677 | -13.5% |
| Amounts payable | 17/49 | €2,848,178 | €2,835,973 | -€12,206 | -0.4% |
| Amounts payable within one year | 42/48 | €2,848,178 | €2,835,973 | -€12,206 | -0.4% |
| Trade debts | 44 | €2,309,742 | €1,888,227 | -€421,514 | -18.2% |
| Suppliers | 440/4 | €2,309,742 | €1,888,227 | -€421,514 | -18.2% |
| Taxes, remuneration and social security | 45 | €434,716 | €385,567 | -€49,149 | -11.3% |
| Taxes | 450/3 | €434,017 | €364,364 | -€69,653 | -16.0% |
| Remuneration and social security | 454/9 | €699 | €21,202 | +€20,503 | +2932.6% |
| Other amounts payable | 47/48 | €103,720 | €562,178 | +€458,458 | +442.0% |
| Non-recurring operating income | 76A | - | €760 | +€760 | |
| Remuneration, social security and pensions | 62 | €411,584 | €495,749 | +€84,164 | +20.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €89,507 | €145,999 | +€56,492 | +63.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €26,291 | €26,291 | = | 0.0% |
| Other operating charges | 640/8 | €2,349 | €7,483 | +€5,134 | +218.6% |
| Non-recurring operating charges | 66A | €115,712 | €650 | -€115,062 | -99.4% |
| Gross operating margin | 9900 | €1,162,049 | €1,285,284 | +€123,235 | +10.6% |
| Operating profit (loss) | 9901 | €516,606 | €609,113 | +€92,506 | +17.9% |
| Financial income | 75/76B | €139,722 | €46,028 | -€93,694 | -67.1% |
| Recurring financial income | 75 | €139,722 | €46,028 | -€93,694 | -67.1% |
| Financial charges | 65/66B | €55,796 | €61,450 | +€5,654 | +10.1% |
| Recurring financial charges | 65 | €55,796 | €61,450 | +€5,654 | +10.1% |
| Profit (loss) for the period before taxes | 9903 | €600,532 | €593,690 | -€6,842 | -1.1% |
| Income taxes | 67/77 | €169,961 | €178,829 | +€8,868 | +5.2% |
| Profit (loss) for the period | 9904 | €430,571 | €414,861 | -€15,710 | -3.6% |
| Profit (loss) for the period to be appropriated | 9905 | €430,571 | €414,861 | -€15,710 | -3.6% |
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 5 October 2026 via checked.be.