DELTA MO: 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 MO
Largest movements
- Receivables within one year +€11,945
up €11,945 (+33.0%), from €36,198 to €48,142
of which Trade receivables: +€6,445
- Deferred charges and accrued income +€2,483
up €2,483 (+397.7%), from €624 to €3,108
- Reserves +€42,253
up €42,253 (+28.1%), from €150,371 to €192,623
- Tax, wage and social debts -€31,501
down €31,501 (-92.7%), from €33,973 to €2,471
- Other debts +€2,858
new in 2025: €2,858
- Gross operating margin -€24,579
down €24,579 (-20.9%), from €117,363 to €92,784
- Taxes -€16,202
down €16,202 (-39.8%), from €40,752 to €24,550
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 | €186,783 | €201,358 | +€14,576 | +7.8% |
| Fixed assets | 21/28 | €225 | €225 | = | 0.0% |
| Financial fixed assets | 28 | €225 | €225 | = | 0.0% |
| Current assets | 29/58 | €186,558 | €201,133 | +€14,576 | +7.8% |
| Amounts receivable within one year | 40/41 | €36,198 | €48,142 | +€11,945 | +33.0% |
| Trade receivables | 40 | €36,198 | €42,642 | +€6,445 | +17.8% |
| Other amounts receivable | 41 | - | €5,500 | +€5,500 | |
| Cash at bank and in hand | 54/58 | €149,736 | €149,883 | +€148 | +0.1% |
| Deferred charges and accrued income | 490/1 | €624 | €3,108 | +€2,483 | +397.7% |
| Total equity and liabilities | 10/49 | €186,783 | €201,358 | +€14,576 | +7.8% |
| Equity | 10/15 | €150,371 | €192,623 | +€42,253 | +28.1% |
| Reserves | 13 | €150,371 | €192,623 | +€42,253 | +28.1% |
| Distributable reserves | 133 | €150,371 | €192,623 | +€42,253 | +28.1% |
| Amounts payable | 17/49 | €36,412 | €8,735 | -€27,677 | -76.0% |
| Amounts payable within one year | 42/48 | €36,412 | €8,735 | -€27,677 | -76.0% |
| Trade debts | 44 | €2,439 | €3,406 | +€967 | +39.6% |
| Suppliers | 440/4 | €2,439 | €3,406 | +€967 | +39.6% |
| Taxes, remuneration and social security | 45 | €33,973 | €2,471 | -€31,501 | -92.7% |
| Taxes | 450/3 | €33,973 | €2,471 | -€31,501 | -92.7% |
| Other amounts payable | 47/48 | - | €2,858 | +€2,858 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €184 | - | -€184 | |
| Other operating charges | 640/8 | €2,095 | €1,502 | -€593 | -28.3% |
| Gross operating margin | 9900 | €117,363 | €92,784 | -€24,579 | -20.9% |
| Operating profit (loss) | 9901 | €115,084 | €91,282 | -€23,802 | -20.7% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €529 | €150 | -€379 | -71.6% |
| Recurring financial charges | 65 | €529 | €150 | -€379 | -71.6% |
| Profit (loss) for the period before taxes | 9903 | €114,555 | €91,132 | -€23,423 | -20.4% |
| Income taxes | 67/77 | €40,752 | €24,550 | -€16,202 | -39.8% |
| Profit (loss) for the period | 9904 | €73,803 | €66,582 | -€7,221 | -9.8% |
| Profit (loss) for the period to be appropriated | 9905 | €73,803 | €66,582 | -€7,221 | -9.8% |
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 4 October 2026 via checked.be.