Delta Max + Consulting: 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 Max + Consulting
Largest movements
- Cash +€99,371
up €99,371 (+116%), from €85,725 to €185,096
mainly Net result for the year (+€146,570) and Receivables after one year (+€76,776)
- Receivables after one year -€76,776
down €76,776 (-46.7%), from €164,348 to €87,572
- Receivables within one year +€32,050
up €32,050 (+215%), from €14,879 to €46,929
of which Trade receivables: +€28,051
- Tangible fixed assets -€10,816
down €10,816 (-21.5%), from €50,398 to €39,582
of which Furniture and vehicles: -€10,344
- Other debts +€39,000
up €39,000 (+36.4%), from €107,000 to €146,000
- Tax, wage and social debts +€6,518
up €6,518 (+72.2%), from €9,023 to €15,541
- Gross operating margin +€51,462
up €51,462 (+49.3%), from €104,285 to €155,747
- Depreciation +€8,127
up €8,127 (+302%), from €2,690 to €10,816
- Financial income -€4,069
down €4,069 (-49.8%), from €8,168 to €4,100
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 | €318,336 | €363,810 | +€45,473 | +14.3% |
| Fixed assets | 21/28 | €50,598 | €39,782 | -€10,816 | -21.4% |
| Tangible fixed assets | 22/27 | €50,398 | €39,582 | -€10,816 | -21.5% |
| Plant, machinery and equipment | 23 | €2,360 | €1,887 | -€472 | -20.0% |
| Furniture and vehicles | 24 | €48,039 | €37,695 | -€10,344 | -21.5% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €267,738 | €324,028 | +€56,290 | +21.0% |
| Amounts receivable after more than one year | 29 | €164,348 | €87,572 | -€76,776 | -46.7% |
| Trade receivables | 290 | €164,348 | €87,572 | -€76,776 | -46.7% |
| Amounts receivable within one year | 40/41 | €14,879 | €46,929 | +€32,050 | +215% |
| Trade receivables | 40 | €14,706 | €42,757 | +€28,051 | +191% |
| Other amounts receivable | 41 | €173 | €4,172 | +€3,999 | +2,311% |
| Cash at bank and in hand | 54/58 | €85,725 | €185,096 | +€99,371 | +116% |
| Deferred charges and accrued income | 490/1 | €2,787 | €4,431 | +€1,644 | +59.0% |
| Total equity and liabilities | 10/49 | €318,336 | €363,810 | +€45,473 | +14.3% |
| Equity | 10/15 | €201,061 | €201,631 | +€570 | +0.3% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €126,061 | €126,061 | = | 0.0% |
| Distributable reserves | 133 | €126,061 | €126,061 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €570 | +€570 | |
| Amounts payable | 17/49 | €117,276 | €162,179 | +€44,903 | +38.3% |
| Amounts payable within one year | 42/48 | €117,276 | €162,179 | +€44,903 | +38.3% |
| Trade debts | 44 | €1,252 | €638 | -€615 | -49.1% |
| Suppliers | 440/4 | €1,252 | €638 | -€615 | -49.1% |
| Taxes, remuneration and social security | 45 | €9,023 | €15,541 | +€6,518 | +72.2% |
| Taxes | 450/3 | €9,023 | €15,541 | +€6,518 | +72.2% |
| Other amounts payable | 47/48 | €107,000 | €146,000 | +€39,000 | +36.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,690 | €10,816 | +€8,127 | +302% |
| Other operating charges | 640/8 | €118 | €322 | +€204 | +173% |
| Gross operating margin | 9900 | €104,285 | €155,747 | +€51,462 | +49.3% |
| Operating profit (loss) | 9901 | €101,477 | €144,609 | +€43,131 | +42.5% |
| Financial income | 75/76B | €8,168 | €4,100 | -€4,069 | -49.8% |
| Recurring financial income | 75 | €8,168 | €4,100 | -€4,069 | -49.8% |
| Financial charges | 65/66B | €207 | €148 | -€59 | -28.5% |
| Recurring financial charges | 65 | €207 | €148 | -€59 | -28.5% |
| Profit (loss) for the period before taxes | 9903 | €109,439 | €148,560 | +€39,122 | +35.7% |
| Income taxes | 67/77 | €2,019 | €1,990 | -€29 | -1.4% |
| Profit (loss) for the period | 9904 | €107,419 | €146,570 | +€39,151 | +36.4% |
| Profit (loss) for the period to be appropriated | 9905 | €107,419 | €146,570 | +€39,151 | +36.4% |
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 21 October 2026 via checked.be.