DELTA-M CONSULTING: what changed
DELTA-M CONSULTING
Largest movements
- Tangible fixed assets -€345,812
down €345,812 (-98.8%), from €350,142 to €4,331
of which Land and buildings: -€269,385
- Cash -€114,455
down €114,455 (-96.3%), from €118,837 to €4,381
mainly Debts after one year (-€375,619) and Receivables within one year (-€105,426)
- Receivables within one year +€105,426
up €105,426 (+299%), from €35,306 to €140,732
of which Trade receivables: +€61,490
- Intangible fixed assets -€62,975
down €62,975 (-23.8%), from €264,263 to €201,288
- Debts after one year -€375,619
down €375,619 (-84.8%), from €442,947 to €67,328
- Current portion of long-term debt -€49,359
down €49,359 (-65.1%), from €75,847 to €26,488
- Trade debts +€17,520
new in 2025: €17,520
- Gross operating margin -€112,429
down €112,429 (-38.3%), from €293,835 to €181,406
- Staff costs -€46,025
down €46,025 (-41.1%), from €111,911 to €65,887
- Depreciation -€29,332
down €29,332 (-30.7%), from €95,401 to €66,068
- Other operating charges +€25,221
up €25,221 (+275%), from €9,176 to €34,398
- Taxes -€14,453
down €14,453 (-78.7%), from €18,369 to €3,917
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €771,428 | €352,168 | -€419,260 | -54.3% |
| Fixed assets | 21/28 | €614,405 | €205,618 | -€408,787 | -66.5% |
| Intangible fixed assets | 21 | €264,263 | €201,288 | -€62,975 | -23.8% |
| Tangible fixed assets | 22/27 | €350,142 | €4,331 | -€345,812 | -98.8% |
| Land and buildings | 22 | €269,385 | - | -€269,385 | |
| Furniture and vehicles | 24 | €80,757 | €4,331 | -€76,426 | -94.6% |
| Current assets | 29/58 | €157,023 | €146,550 | -€10,473 | -6.7% |
| Amounts receivable within one year | 40/41 | €35,306 | €140,732 | +€105,426 | +299% |
| Trade receivables | 40 | €3,190 | €64,680 | +€61,490 | +1,928% |
| Other amounts receivable | 41 | €32,116 | €76,052 | +€43,936 | +137% |
| Cash at bank and in hand | 54/58 | €118,837 | €4,381 | -€114,455 | -96.3% |
| Deferred charges and accrued income | 490/1 | €2,881 | €1,436 | -€1,444 | -50.1% |
| Total equity and liabilities | 10/49 | €771,428 | €352,168 | -€419,260 | -54.3% |
| Equity | 10/15 | €236,802 | €234,409 | -€2,393 | -1.0% |
| Contributions | 10/11 | €8,200 | €8,200 | = | 0.0% |
| Reserves | 13 | €135,160 | €135,160 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €100 | €100 | = | 0.0% |
| Distributable reserves | 133 | €133,200 | €133,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €93,442 | €91,049 | -€2,393 | -2.6% |
| Amounts payable | 17/49 | €534,626 | €117,759 | -€416,867 | -78.0% |
| Amounts payable after more than one year | 17 | €442,947 | €67,328 | -€375,619 | -84.8% |
| Financial debts | 170/4 | €442,947 | €67,328 | -€375,619 | -84.8% |
| Amounts payable within one year | 42/48 | €91,678 | €50,430 | -€41,248 | -45.0% |
| Current portion of amounts payable after more than one year | 42 | €75,847 | €26,488 | -€49,359 | -65.1% |
| Trade debts | 44 | - | €17,520 | +€17,520 | |
| Suppliers | 440/4 | €0 | €17,520 | +€17,520 | |
| Taxes, remuneration and social security | 45 | €11,081 | €5,800 | -€5,281 | -47.7% |
| Taxes | 450/3 | €1,133 | - | -€1,133 | |
| Remuneration and social security | 454/9 | €9,949 | €5,800 | -€4,149 | -41.7% |
| Other amounts payable | 47/48 | €4,750 | €623 | -€4,127 | -86.9% |
| Remuneration, social security and pensions | 62 | €111,911 | €65,887 | -€46,025 | -41.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €95,401 | €66,068 | -€29,332 | -30.7% |
| Other operating charges | 640/8 | €9,176 | €34,398 | +€25,221 | +275% |
| Non-recurring operating charges | 66A | €650 | - | -€650 | |
| Gross operating margin | 9900 | €293,835 | €181,406 | -€112,429 | -38.3% |
| Operating profit (loss) | 9901 | €76,697 | €15,053 | -€61,643 | -80.4% |
| Financial income | 75/76B | €522 | €3,919 | +€3,398 | +651% |
| Recurring financial income | 75 | €522 | €3,919 | +€3,398 | +651% |
| Financial charges | 65/66B | €16,782 | €17,449 | +€667 | +4.0% |
| Recurring financial charges | 65 | €16,782 | €17,449 | +€667 | +4.0% |
| Profit (loss) for the period before taxes | 9903 | €60,436 | €1,524 | -€58,913 | -97.5% |
| Income taxes | 67/77 | €18,369 | €3,917 | -€14,453 | -78.7% |
| Profit (loss) for the period | 9904 | €42,067 | -€2,393 | -€44,460 | |
| Profit (loss) for the period to be appropriated | 9905 | €42,067 | -€2,393 | -€44,460 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.