DELTA DIVISION: 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 DIVISION
Largest movements
- Receivables within one year +€15,964
up €15,964 (+573%), from €2,788 to €18,752
of which Trade receivables: +€14,563
- Stocks and contracts +€10,877
up €10,877 (+26.8%), from €40,613 to €51,490
- Tangible fixed assets +€5,447
up €5,447 (+5.7%), from €94,777 to €100,223
of which Plant, machinery and equipment: +€5,999
- Cash +€4,497
up €4,497 (+5.7%), from €78,693 to €83,190
mainly Net result for the year (+€54,951) and Depreciation (+€14,753)
- Profit (loss) carried forward +€54,951
up €54,951 (+38.0%), from -€144,480 to -€89,529
- Other debts -€11,819
down €11,819 (-8.9%), from €133,014 to €121,195
- Tax, wage and social debts -€4,606
down €4,606 (-13.9%), from €33,066 to €28,460
of which Remuneration and social security: -€4,128
- Staff costs -€56,724
down €56,724 (-12.8%), from €442,342 to €385,617
- Depreciation +€5,299
up €5,299 (+56.0%), from €9,454 to €14,753
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 | €231,770 | €268,555 | +€36,785 | +15.9% |
| Fixed assets | 21/28 | €109,677 | €115,123 | +€5,447 | +5.0% |
| Tangible fixed assets | 22/27 | €94,777 | €100,223 | +€5,447 | +5.7% |
| Plant, machinery and equipment | 23 | €73,810 | €79,809 | +€5,999 | +8.1% |
| Other tangible fixed assets | 26 | €20,966 | €20,414 | -€552 | -2.6% |
| Financial fixed assets | 28 | €14,900 | €14,900 | = | 0.0% |
| Current assets | 29/58 | €122,093 | €153,432 | +€31,338 | +25.7% |
| Stocks and contracts in progress | 3 | €40,613 | €51,490 | +€10,877 | +26.8% |
| Stocks | 30/36 | €40,613 | €51,490 | +€10,877 | +26.8% |
| Amounts receivable within one year | 40/41 | €2,788 | €18,752 | +€15,964 | +573% |
| Trade receivables | 40 | - | €14,563 | +€14,563 | |
| Other amounts receivable | 41 | €2,788 | €4,189 | +€1,401 | +50.3% |
| Cash at bank and in hand | 54/58 | €78,693 | €83,190 | +€4,497 | +5.7% |
| Total equity and liabilities | 10/49 | €231,770 | €268,555 | +€36,785 | +15.9% |
| Equity | 10/15 | -€124,020 | -€69,069 | +€54,951 | +44.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€144,480 | -€89,529 | +€54,951 | +38.0% |
| Amounts payable | 17/49 | €355,790 | €337,624 | -€18,166 | -5.1% |
| Amounts payable within one year | 42/48 | €355,790 | €337,624 | -€18,166 | -5.1% |
| Trade debts | 44 | €189,710 | €187,969 | -€1,741 | -0.9% |
| Suppliers | 440/4 | €189,710 | €187,969 | -€1,741 | -0.9% |
| Taxes, remuneration and social security | 45 | €33,066 | €28,460 | -€4,606 | -13.9% |
| Taxes | 450/3 | €7,133 | €6,656 | -€478 | -6.7% |
| Remuneration and social security | 454/9 | €25,933 | €21,805 | -€4,128 | -15.9% |
| Other amounts payable | 47/48 | €133,014 | €121,195 | -€11,819 | -8.9% |
| Remuneration, social security and pensions | 62 | €442,342 | €385,617 | -€56,724 | -12.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,454 | €14,753 | +€5,299 | +56.0% |
| Other operating charges | 640/8 | €14,425 | €11,457 | -€2,969 | -20.6% |
| Gross operating margin | 9900 | €470,064 | €466,850 | -€3,214 | -0.7% |
| Operating profit (loss) | 9901 | €3,843 | €55,023 | +€51,181 | +1,332% |
| Financial income | 75/76B | €3 | €20 | +€17 | +513% |
| Recurring financial income | 75 | €3 | €20 | +€17 | +513% |
| Financial charges | 65/66B | €69 | €93 | +€23 | +33.8% |
| Recurring financial charges | 65 | €69 | €93 | +€23 | +33.8% |
| Profit (loss) for the period before taxes | 9903 | €3,777 | €54,951 | +€51,174 | +1,355% |
| Income taxes | 67/77 | €78 | - | -€78 | |
| Profit (loss) for the period | 9904 | €3,699 | €54,951 | +€51,252 | +1,386% |
| Profit (loss) for the period to be appropriated | 9905 | €3,699 | €54,951 | +€51,252 | +1,386% |
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 15 October 2026 via checked.be.