Delta Mas: 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 Mas
Largest movements
- Current investments -€31,380
no longer reported in 2025 (was €31,380)
- Cash -€15,281
down €15,281 (-17.2%), from €88,710 to €73,429
mainly Net result for the year (-€22,660) and Trade debts (-€17,772)
- Receivables within one year -€3,587
down €3,587 (-14.1%), from €25,444 to €21,856
of which Other amounts receivable: -€4,313
- Reserves -€22,672
down €22,672 (-23.7%), from €95,672 to €73,000
of which Distributable reserves: -€22,672
- Trade debts -€17,772
down €17,772 (-76.4%), from €23,275 to €5,504
- Tax, wage and social debts -€9,894
down €9,894 (-99.6%), from €9,931 to €37
- Gross operating margin -€43,118
down €43,118, from €2,765 to -€40,354
- Financial income +€15,833
up €15,833 (+534.5%), from €2,962 to €18,795
- Financial charges -€1,600
down €1,600 (-81.3%), from €1,969 to €369
- Taxes +€1,093
up €1,093, from -€1,093 to €0
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 | €149,589 | €99,264 | -€50,325 | -33.6% |
| Fixed assets | 21/28 | €2,500 | €2,500 | = | 0.0% |
| Financial fixed assets | 28 | €2,500 | €2,500 | = | 0.0% |
| Current assets | 29/58 | €147,089 | €96,764 | -€50,325 | -34.2% |
| Amounts receivable within one year | 40/41 | €25,444 | €21,856 | -€3,587 | -14.1% |
| Trade receivables | 40 | €1,050 | €1,776 | +€726 | +69.1% |
| Other amounts receivable | 41 | €24,394 | €20,080 | -€4,313 | -17.7% |
| Current investments | 50/53 | €31,380 | - | -€31,380 | |
| Cash at bank and in hand | 54/58 | €88,710 | €73,429 | -€15,281 | -17.2% |
| Deferred charges and accrued income | 490/1 | €1,556 | €1,479 | -€77 | -4.9% |
| Total equity and liabilities | 10/49 | €149,589 | €99,264 | -€50,325 | -33.6% |
| Equity | 10/15 | €116,383 | €93,723 | -€22,660 | -19.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €95,672 | €73,000 | -€22,672 | -23.7% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €93,672 | €71,000 | -€22,672 | -24.2% |
| Profit (loss) carried forward | 14 | €710 | €723 | +€12 | +1.7% |
| Amounts payable | 17/49 | €33,207 | €5,541 | -€27,665 | -83.3% |
| Amounts payable within one year | 42/48 | €33,207 | €5,541 | -€27,665 | -83.3% |
| Trade debts | 44 | €23,275 | €5,504 | -€17,772 | -76.4% |
| Suppliers | 440/4 | €23,275 | €5,504 | -€17,772 | -76.4% |
| Taxes, remuneration and social security | 45 | €9,931 | €37 | -€9,894 | -99.6% |
| Taxes | 450/3 | €9,931 | €37 | -€9,894 | -99.6% |
| Other operating charges | 640/8 | €951 | €731 | -€220 | -23.1% |
| Gross operating margin | 9900 | €2,765 | -€40,354 | -€43,118 | |
| Operating profit (loss) | 9901 | €1,813 | -€41,085 | -€42,899 | |
| Financial income | 75/76B | €2,962 | €18,795 | +€15,833 | +534.5% |
| Recurring financial income | 75 | €2,962 | €18,795 | +€15,833 | +534.5% |
| Financial charges | 65/66B | €1,969 | €369 | -€1,600 | -81.3% |
| Recurring financial charges | 65 | €1,969 | €369 | -€1,600 | -81.3% |
| Profit (loss) for the period before taxes | 9903 | €2,806 | -€22,660 | -€25,466 | |
| Income taxes | 67/77 | -€1,093 | €0 | +€1,093 | |
| Profit (loss) for the period | 9904 | €3,899 | -€22,660 | -€26,559 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,899 | -€22,660 | -€26,559 |
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 8 October 2026 via checked.be.