Delta Engineering: 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.
What changed
Delta Engineering
NACE 28.299, Manufacture of machinery and equipment not elsewhere classified
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.2m
2024 · €1.3m-€64,141
Equity
€6.9m
2024 · €5.7m+€1.2m
Cash
€1.2m
2024 · €746,884+€471,847
Balance sheet total
€44.7m
2024 · €39.3m+€5.4m
Largest movements
Assets
- Receivables within one year +€4.4m
up €4.4m (+102.0%), from €4.4m to €8.8m
of which Trade receivables: +€4.0m
- Stocks and contracts +€618,592
up €618,592 (+9.9%), from €6.3m to €6.9m
of which Contracts in progress: +€1.5m
- Cash +€471,847
up €471,847 (+63.2%), from €746,884 to €1.2m
mainly Advances received (+€3.8m) and Trade debts (+€2.6m)
Equity and liabilities
- Advances received +€3.8m
up €3.8m (+97.2%), from €3.9m to €7.7m
- Trade debts +€2.6m
up €2.6m (+105.1%), from €2.5m to €5.0m
- Debts after one year -€1.5m
down €1.5m (-6.7%), from €21.9m to €20.5m
- Profit (loss) carried forward +€1.2m
up €1.2m (+22.3%), from €5.5m to €6.7m
- Other debts -€928,630
down €928,630 (-66.6%), from €1.4m to €465,971
Income statement
- Turnover +€2.9m
up €2.9m (+10.0%), from €28.9m to €31.8m
- Services and other goods +€1.1m
up €1.1m (+16.4%), from €6.7m to €7.8m
- Financial income -€1.0m
down €1.0m (-62.1%), from €1.6m to €617,402
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.
Result 2024
€1.3m
Turnover
+€2.9m
Other operating income
+€20,861
Goods and materials
-€95,255
Services and other goods
-€1.1m
Staff costs
-€278,683
Depreciation
-€158,726
Write-downs
-€77,846
Provisions
-€2,333
Other operating charges
+€1,090
Other operating items
+€62,254
Financial income
-€1.0m
Financial charges
-€54,976
Taxes
-€268,613
Result 2025
€1.2m
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.
From operations
+€2.7m
Investment
-€970,566
Financing
-€1.3m
Cash 2024
€746,884
From operations (derived)
+€2.7m
Net result for the year
+€1.2m
Depreciation
+€1.4m
Stocks and contracts
-€618,592
Receivables within one year
-€4.4m
Deferred charges and accrued income
-€314,302
Provisions
+€15,258
Trade debts
+€2.6m
Tax, wage and social debts
+€61,520
Advances received
+€3.8m
Other debts
-€928,630
Accrued charges and deferred income
-€68,265
Investment (derived)
-€970,566
Investment in fixed assets (net)
-€970,566
Financing
-€1.3m
Debts after one year
-€1.5m
Current portion of long-term debt
+€111,474
Short-term financial debts
+€94,436
Cash 2025
€1.2m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €39,262,535 | €44,701,365 | +€5.4m | +13.9% |
| Fixed assets | 21/28 | €27,745,668 | €27,337,371 | -€408,298 | -1.5% |
| Intangible fixed assets | 21 | €1,331,040 | €1,435,931 | +€104,891 | +7.9% |
| Tangible fixed assets | 22/27 | €8,277,909 | €7,885,995 | -€391,914 | -4.7% |
| Land and buildings | 22 | €6,832,359 | €6,481,530 | -€350,829 | -5.1% |
| Plant, machinery and equipment | 23 | €336,662 | €352,838 | +€16,176 | +4.8% |
| Furniture and vehicles | 24 | €1,108,888 | €1,051,627 | -€57,261 | -5.2% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €18,136,719 | €18,015,445 | -€121,275 | -0.7% |
| Affiliated companies | 280/1 | €18,014,945 | €18,014,945 | = | 0.0% |
| Participating interests | 280 | €18,014,945 | €18,014,945 | = | 0.0% |
| Other financial fixed assets | 284/8 | €121,774 | €500 | -€121,275 | -99.6% |
| Amounts receivable and cash guarantees | 285/8 | €121,774 | €500 | -€121,275 | -99.6% |
| Current assets | 29/58 | €11,516,866 | €17,363,995 | +€5.8m | +50.8% |
| Stocks and contracts in progress | 3 | €6,267,309 | €6,885,901 | +€618,592 | +9.9% |
| Stocks | 30/36 | €6,267,309 | €5,374,286 | -€893,023 | -14.2% |
| Raw materials and consumables | 30/31 | €2,384,005 | €2,528,647 | +€144,642 | +6.1% |
| Work in progress | 32 | €3,537,823 | €2,188,659 | -€1.3m | -38.1% |
| Finished goods | 33 | €345,481 | €656,979 | +€311,499 | +90.2% |
| Contracts in progress | 37 | - | €1,511,615 | +€1.5m | |
| Amounts receivable within one year | 40/41 | €4,354,844 | €8,797,232 | +€4.4m | +102.0% |
| Trade receivables | 40 | €3,545,544 | €7,518,292 | +€4.0m | +112.0% |
| Other amounts receivable | 41 | €809,301 | €1,278,940 | +€469,640 | +58.0% |
| Current investments | 50/53 | €10,000 | €10,000 | = | 0.0% |
| Other investments | 51/53 | €10,000 | €10,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €746,884 | €1,218,730 | +€471,847 | +63.2% |
| Deferred charges and accrued income | 490/1 | €137,829 | €452,131 | +€314,302 | +228.0% |
| Total equity and liabilities | 10/49 | €39,262,535 | €44,701,365 | +€5.4m | +13.9% |
| Equity | 10/15 | €5,728,298 | €6,949,510 | +€1.2m | +21.3% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €5,478,298 | €6,699,510 | +€1.2m | +22.3% |
| Provisions and deferred taxes | 16 | €62,652 | €77,910 | +€15,258 | +24.4% |
| Provisions for liabilities and charges | 160/5 | €62,652 | €77,910 | +€15,258 | +24.4% |
| Other liabilities and charges | 164/5 | €62,652 | €77,910 | +€15,258 | +24.4% |
| Amounts payable | 17/49 | €33,471,585 | €37,673,946 | +€4.2m | +12.6% |
| Amounts payable after more than one year | 17 | €21,943,897 | €20,477,168 | -€1.5m | -6.7% |
| Financial debts | 170/4 | €21,943,897 | €20,477,168 | -€1.5m | -6.7% |
| Subordinated loans | 170 | €1,400,000 | €1,400,000 | = | 0.0% |
| Credit institutions | 173 | €16,491,780 | €15,637,812 | -€853,968 | -5.2% |
| Other loans | 174 | €4,052,117 | €3,439,356 | -€612,761 | -15.1% |
| Amounts payable within one year | 42/48 | €11,372,964 | €17,110,319 | +€5.7m | +50.4% |
| Current portion of amounts payable after more than one year | 42 | €2,225,517 | €2,336,991 | +€111,474 | +5.0% |
| Financial debts | 43 | €505,764 | €600,200 | +€94,436 | +18.7% |
| Credit institutions | 430/8 | €505,764 | €600,200 | +€94,436 | +18.7% |
| Trade debts | 44 | €2,452,052 | €5,030,034 | +€2.6m | +105.1% |
| Suppliers | 440/4 | €2,452,052 | €5,030,034 | +€2.6m | +105.1% |
| Advances received on contracts in progress | 46 | €3,928,879 | €7,749,452 | +€3.8m | +97.2% |
| Taxes, remuneration and social security | 45 | €866,150 | €927,670 | +€61,520 | +7.1% |
| Taxes | 450/3 | €45,736 | €91 | -€45,646 | -99.8% |
| Remuneration and social security | 454/9 | €820,414 | €927,580 | +€107,166 | +13.1% |
| Other amounts payable | 47/48 | €1,394,601 | €465,971 | -€928,630 | -66.6% |
| Accrued charges and deferred income | 492/3 | €154,724 | €86,459 | -€68,265 | -44.1% |
| Operating income | 70/76A | €30,505,956 | €33,472,599 | +€3.0m | +9.7% |
| Turnover | 70 | €28,917,863 | €31,811,718 | +€2.9m | +10.0% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €203,129 | €694,494 | +€491,364 | +241.9% |
| Own construction capitalised | 72 | €1,064,106 | €678,424 | -€385,682 | -36.2% |
| Other operating income | 74 | €260,337 | €281,198 | +€20,861 | +8.0% |
| Non-recurring operating income | 76A | €60,520 | €6,765 | -€53,755 | -88.8% |
| Operating charges | 60/66A | €29,887,085 | €31,580,932 | +€1.7m | +5.7% |
| Goods for resale, raw materials and consumables | 60 | €15,810,341 | €15,905,596 | +€95,255 | +0.6% |
| Purchases | 600/8 | €15,498,233 | €16,184,725 | +€686,493 | +4.4% |
| Change in stocks: decrease (increase) | 609 | €312,108 | -€279,129 | -€591,237 | |
| Services and other goods | 61 | €6,659,669 | €7,752,087 | +€1.1m | +16.4% |
| Remuneration, social security and pensions | 62 | €5,835,217 | €6,113,900 | +€278,683 | +4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,220,138 | €1,378,864 | +€158,726 | +13.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €274,585 | €352,431 | +€77,846 | +28.4% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €12,925 | €15,258 | +€2,333 | +18.0% |
| Other operating charges | 640/8 | €63,885 | €62,795 | -€1,090 | -1.7% |
| Non-recurring operating charges | 66A | €10,326 | €0 | -€10,326 | -100.0% |
| Operating profit (loss) | 9901 | €618,871 | €1,891,667 | +€1.3m | +205.7% |
| Financial income | 75/76B | €1,630,751 | €617,402 | -€1.0m | -62.1% |
| Recurring financial income | 75 | €1,630,751 | €617,402 | -€1.0m | -62.1% |
| Income from financial fixed assets | 750 | €1,540,000 | €540,614 | -€999,386 | -64.9% |
| Income from current assets | 751 | €0 | €9,820 | +€9,820 | +4269656.5% |
| Other financial income | 752/9 | €90,751 | €66,967 | -€23,783 | -26.2% |
| Financial charges | 65/66B | €957,805 | €1,012,781 | +€54,976 | +5.7% |
| Recurring financial charges | 65 | €957,805 | €1,012,781 | +€54,976 | +5.7% |
| Debt charges | 650 | €865,337 | €822,138 | -€43,199 | -5.0% |
| Other financial charges | 652/9 | €92,468 | €190,643 | +€98,175 | +106.2% |
| Profit (loss) for the period before taxes | 9903 | €1,291,816 | €1,496,288 | +€204,472 | +15.8% |
| Income taxes | 67/77 | €6,463 | €275,076 | +€268,613 | +4156.3% |
| Taxes | 670/3 | €6,463 | €275,076 | +€268,613 | +4156.3% |
| Tax adjustments and reversals of tax provisions | 77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €1,285,354 | €1,221,212 | -€64,141 | -5.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,285,354 | €1,221,212 | -€64,141 | -5.0% |
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 4 October 2026 via checked.be.