DELTA IMMO: 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 IMMO
Largest movements
- Stocks and contracts +€31,670
up €31,670 (+38.8%), from €81,583 to €113,253
- Receivables within one year -€22,980
down €22,980 (-57.2%), from €40,203 to €17,222
of which Trade receivables: -€25,040
- Cash +€6,627
up €6,627 (+45.4%), from €14,594 to €21,222
mainly Receivables within one year (+€22,980) and Net result for the year (+€22,916)
- Tangible fixed assets +€4,853
up €4,853 (+11.3%), from €43,117 to €47,969
of which Plant, machinery and equipment: +€6,760
- Reserves +€22,916
up €22,916 (+69.7%), from €32,880 to €55,795
- Tax, wage and social debts +€14,899
up €14,899 (+185.4%), from €8,038 to €22,937
of which Remuneration and social security: +€16,235
- Other debts -€10,418
down €10,418 (-96.6%), from €10,780 to €362
- Trade debts -€7,251
down €7,251 (-25.6%), from €28,341 to €21,090
- Staff costs -€4,668
no longer reported in 2025 (was €4,668)
- Taxes +€4,664
up €4,664 (+58.0%), from €8,038 to €12,702
- Gross operating margin -€4,121
down €4,121 (-8.8%), from €46,962 to €42,841
- Financial income -€1,595
down €1,595 (-89.1%), from €1,790 to €194
- Depreciation +€873
up €873 (+24.4%), from €3,574 to €4,447
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 | €179,965 | €200,111 | +€20,146 | +11.2% |
| Fixed assets | 21/28 | €43,117 | €47,969 | +€4,853 | +11.3% |
| Tangible fixed assets | 22/27 | €43,117 | €47,969 | +€4,853 | +11.3% |
| Land and buildings | 22 | €40,997 | €38,046 | -€2,951 | -7.2% |
| Plant, machinery and equipment | 23 | €1,156 | €7,916 | +€6,760 | +585.0% |
| Furniture and vehicles | 24 | €964 | €2,008 | +€1,044 | +108.2% |
| Current assets | 29/58 | €136,848 | €152,141 | +€15,293 | +11.2% |
| Stocks and contracts in progress | 3 | €81,583 | €113,253 | +€31,670 | +38.8% |
| Stocks | 30/36 | €81,583 | €113,253 | +€31,670 | +38.8% |
| Amounts receivable within one year | 40/41 | €40,203 | €17,222 | -€22,980 | -57.2% |
| Trade receivables | 40 | €39,560 | €14,520 | -€25,040 | -63.3% |
| Other amounts receivable | 41 | €643 | €2,702 | +€2,060 | +320.5% |
| Cash at bank and in hand | 54/58 | €14,594 | €21,222 | +€6,627 | +45.4% |
| Deferred charges and accrued income | 490/1 | €468 | €445 | -€24 | -5.1% |
| Total equity and liabilities | 10/49 | €179,965 | €200,111 | +€20,146 | +11.2% |
| Equity | 10/15 | €132,805 | €155,721 | +€22,916 | +17.3% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €32,880 | €55,795 | +€22,916 | +69.7% |
| Distributable reserves | 133 | €32,880 | €55,795 | +€22,916 | +69.7% |
| Profit (loss) carried forward | 14 | €68,939 | €68,939 | +€0 | 0.0% |
| Amounts payable | 17/49 | €47,159 | €44,390 | -€2,770 | -5.9% |
| Amounts payable within one year | 42/48 | €47,159 | €44,390 | -€2,770 | -5.9% |
| Trade debts | 44 | €28,341 | €21,090 | -€7,251 | -25.6% |
| Suppliers | 440/4 | €28,341 | €21,090 | -€7,251 | -25.6% |
| Taxes, remuneration and social security | 45 | €8,038 | €22,937 | +€14,899 | +185.4% |
| Taxes | 450/3 | €8,038 | €6,702 | -€1,336 | -16.6% |
| Remuneration and social security | 454/9 | - | €16,235 | +€16,235 | |
| Other amounts payable | 47/48 | €10,780 | €362 | -€10,418 | -96.6% |
| Remuneration, social security and pensions | 62 | €4,668 | - | -€4,668 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,574 | €4,447 | +€873 | +24.4% |
| Other operating charges | 640/8 | €1,602 | €1,863 | +€261 | +16.3% |
| Gross operating margin | 9900 | €46,962 | €42,841 | -€4,121 | -8.8% |
| Operating profit (loss) | 9901 | €37,118 | €36,531 | -€586 | -1.6% |
| Financial income | 75/76B | €1,790 | €194 | -€1,595 | -89.1% |
| Recurring financial income | 75 | €1,790 | €194 | -€1,595 | -89.1% |
| Financial charges | 65/66B | €1,066 | €1,108 | +€42 | +3.9% |
| Recurring financial charges | 65 | €1,066 | €1,108 | +€42 | +3.9% |
| Profit (loss) for the period before taxes | 9903 | €37,841 | €35,618 | -€2,224 | -5.9% |
| Income taxes | 67/77 | €8,038 | €12,702 | +€4,664 | +58.0% |
| Profit (loss) for the period | 9904 | €29,803 | €22,916 | -€6,888 | -23.1% |
| Profit (loss) for the period to be appropriated | 9905 | €29,803 | €22,916 | -€6,888 | -23.1% |
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 9 October 2026 via checked.be.