Delta Log: 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 Log
Largest movements
- Receivables within one year +€13,785
up €13,785 (+48.6%), from €28,389 to €42,175
of which Trade receivables: +€12,101
- Cash -€7,158
down €7,158 (-45.0%), from €15,897 to €8,739
mainly Receivables within one year (-€13,785) and Debts after one year (-€12,419)
- Tangible fixed assets -€6,636
down €6,636 (-4.3%), from €155,963 to €149,326
- Debts after one year -€12,419
down €12,419 (-27.9%), from €44,474 to €32,055
- Reserves +€8,860
up €8,860 (+14.5%), from €61,128 to €69,988
of which Distributable reserves: +€10,719
- Tax, wage and social debts +€7,416
up €7,416 (+21.6%), from €34,412 to €41,828
- Current portion of long-term debt -€3,622
down €3,622 (-22.6%), from €16,041 to €12,419
- Gross operating margin +€7,222
up €7,222 (+32.7%), from €22,097 to €29,319
- Financial income -€3,334
down €3,334 (-99.3%), from €3,357 to €23
- Taxes +€793
up €793 (+8.5%), from €9,282 to €10,074
- Depreciation -€340
down €340 (-4.2%), from €8,176 to €7,836
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 | €244,247 | €244,802 | +€555 | +0.2% |
| Fixed assets | 21/28 | €155,963 | €149,326 | -€6,636 | -4.3% |
| Tangible fixed assets | 22/27 | €155,963 | €149,326 | -€6,636 | -4.3% |
| Furniture and vehicles | 24 | €155,963 | €149,326 | -€6,636 | -4.3% |
| Current assets | 29/58 | €88,284 | €95,475 | +€7,191 | +8.1% |
| Amounts receivable after more than one year | 29 | €43,997 | €43,997 | = | 0.0% |
| Other amounts receivable | 291 | €43,997 | €43,997 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €28,389 | €42,175 | +€13,785 | +48.6% |
| Trade receivables | 40 | €4,215 | €16,317 | +€12,101 | +287.1% |
| Other amounts receivable | 41 | €24,174 | €25,858 | +€1,684 | +7.0% |
| Cash at bank and in hand | 54/58 | €15,897 | €8,739 | -€7,158 | -45.0% |
| Deferred charges and accrued income | 490/1 | - | €564 | +€564 | |
| Total equity and liabilities | 10/49 | €244,247 | €244,802 | +€555 | +0.2% |
| Equity | 10/15 | €118,534 | €127,400 | +€8,866 | +7.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €61,128 | €69,988 | +€8,860 | +14.5% |
| Non-distributable reserves | 130/1 | €1,859 | - | -€1,859 | |
| Reserves not available under the articles | 1311 | €1,859 | - | -€1,859 | |
| Distributable reserves | 133 | €59,269 | €69,988 | +€10,719 | +18.1% |
| Profit (loss) carried forward | 14 | €38,814 | €38,820 | +€6 | 0.0% |
| Amounts payable | 17/49 | €125,712 | €117,401 | -€8,311 | -6.6% |
| Amounts payable after more than one year | 17 | €44,474 | €32,055 | -€12,419 | -27.9% |
| Financial debts | 170/4 | €44,474 | €32,055 | -€12,419 | -27.9% |
| Amounts payable within one year | 42/48 | €81,239 | €85,347 | +€4,108 | +5.1% |
| Current portion of amounts payable after more than one year | 42 | €16,041 | €12,419 | -€3,622 | -22.6% |
| Financial debts | 43 | - | €931 | +€931 | |
| Credit institutions | 430/8 | - | €931 | +€931 | |
| Trade debts | 44 | €30,786 | €30,169 | -€616 | -2.0% |
| Suppliers | 440/4 | €30,786 | €30,169 | -€616 | -2.0% |
| Taxes, remuneration and social security | 45 | €34,412 | €41,828 | +€7,416 | +21.6% |
| Taxes | 450/3 | €34,412 | €41,828 | +€7,416 | +21.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,176 | €7,836 | -€340 | -4.2% |
| Gross operating margin | 9900 | €22,097 | €29,319 | +€7,222 | +32.7% |
| Operating profit (loss) | 9901 | €13,921 | €21,483 | +€7,562 | +54.3% |
| Financial income | 75/76B | €3,357 | €23 | -€3,334 | -99.3% |
| Recurring financial income | 75 | €3,357 | €23 | -€3,334 | -99.3% |
| Financial charges | 65/66B | €2,638 | €2,566 | -€72 | -2.7% |
| Recurring financial charges | 65 | €2,638 | €2,566 | -€72 | -2.7% |
| Profit (loss) for the period before taxes | 9903 | €14,641 | €18,940 | +€4,300 | +29.4% |
| Income taxes | 67/77 | €9,282 | €10,074 | +€793 | +8.5% |
| Profit (loss) for the period | 9904 | €5,359 | €8,866 | +€3,507 | +65.4% |
| Profit (loss) for the period to be appropriated | 9905 | €5,359 | €8,866 | +€3,507 | +65.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.