DELTA MOON: 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 MOON
Largest movements
- Tangible fixed assets -€20,019
down €20,019 (-18.6%), from €107,678 to €87,659
of which Plant, machinery and equipment: -€41,608
- Receivables within one year -€6,783
down €6,783 (-90.0%), from €7,533 to €750
- Stocks and contracts -€2,402
no longer reported in 2025 (was €2,402)
- Cash -€1,864
down €1,864 (-99.7%), from €1,870 to €5
mainly Debts after one year (-€17,972) and Current portion of long-term debt (-€12,211)
- Current investments -€1,501
no longer reported in 2025 (was €1,501)
- Debts after one year -€17,972
no longer reported in 2025 (was €17,972)
- Current portion of long-term debt -€12,211
no longer reported in 2025 (was €12,211)
- Other debts +€11,912
up €11,912 (+132.4%), from €9,000 to €20,912
- Trade debts -€10,296
down €10,296 (-85.5%), from €12,048 to €1,752
- Tax, wage and social debts -€3,864
down €3,864 (-69.8%), from €5,540 to €1,676
of which Taxes: -€4,183
- Gross operating margin +€7,488
up €7,488 (+22.0%), from €34,014 to €41,502
- Staff costs +€5,717
up €5,717 (+84.6%), from €6,755 to €12,471
- Depreciation +€2,269
up €2,269 (+10.2%), from €22,201 to €24,469
- Other operating charges -€1,240
down €1,240 (-51.5%), from €2,407 to €1,167
- Financial charges +€713
up €713 (+41.6%), from €1,716 to €2,429
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 | €127,112 | €94,543 | -€32,569 | -25.6% |
| Fixed assets | 21/28 | €113,807 | €93,787 | -€20,019 | -17.6% |
| Tangible fixed assets | 22/27 | €107,678 | €87,659 | -€20,019 | -18.6% |
| Plant, machinery and equipment | 23 | €80,758 | €39,150 | -€41,608 | -51.5% |
| Furniture and vehicles | 24 | €26,920 | €23,395 | -€3,525 | -13.1% |
| Other tangible fixed assets | 26 | - | €25,113 | +€25,113 | |
| Financial fixed assets | 28 | €6,128 | €6,128 | = | 0.0% |
| Current assets | 29/58 | €13,306 | €756 | -€12,550 | -94.3% |
| Stocks and contracts in progress | 3 | €2,402 | - | -€2,402 | |
| Stocks | 30/36 | €2,402 | - | -€2,402 | |
| Amounts receivable within one year | 40/41 | €7,533 | €750 | -€6,783 | -90.0% |
| Other amounts receivable | 41 | €7,533 | €750 | -€6,783 | -90.0% |
| Current investments | 50/53 | €1,501 | - | -€1,501 | |
| Cash at bank and in hand | 54/58 | €1,870 | €5 | -€1,864 | -99.7% |
| Total equity and liabilities | 10/49 | €127,112 | €94,543 | -€32,569 | -25.6% |
| Equity | 10/15 | €69,706 | €70,203 | +€497 | +0.7% |
| Contributions | 10/11 | €21,000 | €21,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €48,706 | €49,203 | +€497 | +1.0% |
| Amounts payable | 17/49 | €57,406 | €24,339 | -€33,067 | -57.6% |
| Amounts payable after more than one year | 17 | €17,972 | - | -€17,972 | |
| Financial debts | 170/4 | €17,972 | - | -€17,972 | |
| Amounts payable within one year | 42/48 | €39,434 | €24,339 | -€15,095 | -38.3% |
| Current portion of amounts payable after more than one year | 42 | €12,211 | - | -€12,211 | |
| Financial debts | 43 | €636 | - | -€636 | |
| Credit institutions | 430/8 | €636 | - | -€636 | |
| Trade debts | 44 | €12,048 | €1,752 | -€10,296 | -85.5% |
| Suppliers | 440/4 | €12,048 | €1,752 | -€10,296 | -85.5% |
| Taxes, remuneration and social security | 45 | €5,540 | €1,676 | -€3,864 | -69.8% |
| Taxes | 450/3 | €5,430 | €1,247 | -€4,183 | -77.0% |
| Remuneration and social security | 454/9 | €109 | €428 | +€319 | +291.8% |
| Other amounts payable | 47/48 | €9,000 | €20,912 | +€11,912 | +132.4% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €6,755 | €12,471 | +€5,717 | +84.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,201 | €24,469 | +€2,269 | +10.2% |
| Other operating charges | 640/8 | €2,407 | €1,167 | -€1,240 | -51.5% |
| Gross operating margin | 9900 | €34,014 | €41,502 | +€7,488 | +22.0% |
| Operating profit (loss) | 9901 | €2,652 | €3,394 | +€742 | +28.0% |
| Financial income | 75/76B | €588 | €5 | -€583 | -99.1% |
| Recurring financial income | 75 | €588 | €5 | -€583 | -99.1% |
| Financial charges | 65/66B | €1,716 | €2,429 | +€713 | +41.6% |
| Recurring financial charges | 65 | €1,716 | €2,429 | +€713 | +41.6% |
| Profit (loss) for the period before taxes | 9903 | €1,524 | €970 | -€553 | -36.3% |
| Income taxes | 67/77 | €232 | €473 | +€241 | +103.6% |
| Profit (loss) for the period | 9904 | €1,291 | €497 | -€794 | -61.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,291 | €497 | -€794 | -61.5% |
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 10 October 2026 via checked.be.