Delta Flow: 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 Flow
Largest movements
- Tangible fixed assets -€11,085
down €11,085 (-29.2%), from €37,905 to €26,820
of which Furniture and vehicles: -€10,801
- Receivables within one year +€10,404
up €10,404 (+72.9%), from €14,278 to €24,682
of which Trade receivables: +€12,420
- Cash -€9,625
down €9,625 (-18.4%), from €52,208 to €42,583
mainly Contributions, distributions and other (-€70,760) and Receivables within one year (-€10,404)
- Profit (loss) carried forward -€38,633
no longer reported in 2025 (was €38,633)
- Other debts +€26,886
up €26,886 (+69.1%), from €38,885 to €65,771
- Tax, wage and social debts +€3,560
up €3,560 (+58.6%), from €6,073 to €9,633
- Trade debts -€2,237
down €2,237 (-40.2%), from €5,569 to €3,332
- Financial income -€7,740
down €7,740 (-99.5%), from €7,779 to €39
of which Financial income: -€7,740
- Gross operating margin +€6,756
up €6,756 (+14.7%), from €46,009 to €52,765
- Taxes +€3,831
up €3,831 (+81.6%), from €4,694 to €8,525
- Other operating charges -€837
down €837 (-91.7%), from €914 to €76
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 | €109,620 | €99,496 | -€10,124 | -9.2% |
| Fixed assets | 21/28 | €37,930 | €26,845 | -€11,085 | -29.2% |
| Tangible fixed assets | 22/27 | €37,905 | €26,820 | -€11,085 | -29.2% |
| Plant, machinery and equipment | 23 | €2,242 | €1,958 | -€284 | -12.7% |
| Furniture and vehicles | 24 | €35,663 | €24,862 | -€10,801 | -30.3% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €71,690 | €72,651 | +€960 | +1.3% |
| Amounts receivable after more than one year | 29 | €2,273 | €2,273 | = | 0.0% |
| Trade receivables | 290 | €2,273 | €2,273 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €14,278 | €24,682 | +€10,404 | +72.9% |
| Trade receivables | 40 | €12,262 | €24,682 | +€12,420 | +101% |
| Other amounts receivable | 41 | €2,016 | - | -€2,016 | |
| Cash at bank and in hand | 54/58 | €52,208 | €42,583 | -€9,625 | -18.4% |
| Deferred charges and accrued income | 490/1 | €2,931 | €3,113 | +€181 | +6.2% |
| Total equity and liabilities | 10/49 | €109,620 | €99,496 | -€10,124 | -9.2% |
| Equity | 10/15 | €59,093 | €20,460 | -€38,633 | -65.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38,633 | - | -€38,633 | |
| Amounts payable | 17/49 | €50,528 | €79,036 | +€28,508 | +56.4% |
| Amounts payable within one year | 42/48 | €50,528 | €78,737 | +€28,209 | +55.8% |
| Trade debts | 44 | €5,569 | €3,332 | -€2,237 | -40.2% |
| Suppliers | 440/4 | €5,569 | €3,332 | -€2,237 | -40.2% |
| Taxes, remuneration and social security | 45 | €6,073 | €9,633 | +€3,560 | +58.6% |
| Taxes | 450/3 | €6,073 | €9,633 | +€3,560 | +58.6% |
| Other amounts payable | 47/48 | €38,885 | €65,771 | +€26,886 | +69.1% |
| Accrued charges and deferred income | 492/3 | - | €299 | +€299 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,398 | €12,076 | -€322 | -2.6% |
| Other operating charges | 640/8 | €914 | €76 | -€837 | -91.7% |
| Gross operating margin | 9900 | €46,009 | €52,765 | +€6,756 | +14.7% |
| Operating profit (loss) | 9901 | €32,698 | €40,613 | +€7,915 | +24.2% |
| Financial income | 75/76B | €7,779 | €39 | -€7,740 | -99.5% |
| Recurring financial income | 75 | €7,779 | €39 | -€7,740 | -99.5% |
| Non-recurring financial income | 76B | €0 | - | -€0 | |
| Financial charges | 65/66B | €478 | - | -€478 | |
| Recurring financial charges | 65 | €467 | - | -€467 | |
| Non-recurring financial charges | 66B | €11 | - | -€11 | |
| Profit (loss) for the period before taxes | 9903 | €40,000 | €40,652 | +€653 | +1.6% |
| Income taxes | 67/77 | €4,694 | €8,525 | +€3,831 | +81.6% |
| Profit (loss) for the period | 9904 | €35,306 | €32,127 | -€3,178 | -9.0% |
| Profit (loss) for the period to be appropriated | 9905 | €35,306 | €32,127 | -€3,178 | -9.0% |
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 18 October 2026 via checked.be.