DELTA PANKEN: 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 PANKEN
Largest movements
- Receivables after one year +€107,000
new in 2025: €107,000
- Current investments +€70,097
up €70,097 (+26.0%), from €270,000 to €340,097
- Tangible fixed assets -€12,844
down €12,844 (-29.3%), from €43,795 to €30,950
- Cash -€7,466
down €7,466 (-6.5%), from €114,119 to €106,653
mainly Receivables after one year (-€107,000) and Current investments (-€70,097)
- Reserves +€165,813
up €165,813 (+45.0%), from €368,425 to €534,238
- Debts after one year -€14,847
down €14,847 (-70.2%), from €21,142 to €6,295
- Financial income +€9,904
up €9,904 (+1,735%), from €571 to €10,475
- Gross operating margin +€9,740
up €9,740 (+4.6%), from €210,782 to €220,522
- Taxes +€4,876
up €4,876 (+10.7%), from €45,418 to €50,294
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 | €460,839 | €613,049 | +€152,210 | +33.0% |
| Fixed assets | 21/28 | €43,795 | €30,950 | -€12,844 | -29.3% |
| Tangible fixed assets | 22/27 | €43,795 | €30,950 | -€12,844 | -29.3% |
| Furniture and vehicles | 24 | €43,795 | €30,950 | -€12,844 | -29.3% |
| Current assets | 29/58 | €417,045 | €582,099 | +€165,054 | +39.6% |
| Amounts receivable after more than one year | 29 | - | €107,000 | +€107,000 | |
| Other amounts receivable | 291 | - | €107,000 | +€107,000 | |
| Amounts receivable within one year | 40/41 | €30,758 | €26,180 | -€4,577 | -14.9% |
| Trade receivables | 40 | €30,744 | €26,180 | -€4,563 | -14.8% |
| Other amounts receivable | 41 | €14 | - | -€14 | |
| Current investments | 50/53 | €270,000 | €340,097 | +€70,097 | +26.0% |
| Cash at bank and in hand | 54/58 | €114,119 | €106,653 | -€7,466 | -6.5% |
| Deferred charges and accrued income | 490/1 | €2,168 | €2,168 | = | 0.0% |
| Total equity and liabilities | 10/49 | €460,839 | €613,049 | +€152,210 | +33.0% |
| Equity | 10/15 | €373,425 | €539,238 | +€165,813 | +44.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €368,425 | €534,238 | +€165,813 | +45.0% |
| Distributable reserves | 133 | €368,425 | €534,238 | +€165,813 | +45.0% |
| Amounts payable | 17/49 | €87,414 | €73,811 | -€13,603 | -15.6% |
| Amounts payable after more than one year | 17 | €21,142 | €6,295 | -€14,847 | -70.2% |
| Financial debts | 170/4 | €21,142 | €6,295 | -€14,847 | -70.2% |
| Amounts payable within one year | 42/48 | €66,272 | €67,516 | +€1,244 | +1.9% |
| Current portion of amounts payable after more than one year | 42 | €14,487 | €14,847 | +€361 | +2.5% |
| Taxes, remuneration and social security | 45 | €45,377 | €47,648 | +€2,272 | +5.0% |
| Taxes | 450/3 | €45,377 | €47,648 | +€2,272 | +5.0% |
| Other amounts payable | 47/48 | €6,408 | €5,020 | -€1,388 | -21.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,261 | €12,844 | +€583 | +4.8% |
| Other operating charges | 640/8 | €951 | €1,260 | +€309 | +32.5% |
| Gross operating margin | 9900 | €210,782 | €220,522 | +€9,740 | +4.6% |
| Operating profit (loss) | 9901 | €197,570 | €206,417 | +€8,847 | +4.5% |
| Financial income | 75/76B | €571 | €10,475 | +€9,904 | +1,735% |
| Recurring financial income | 75 | €571 | €10,475 | +€9,904 | +1,735% |
| Financial charges | 65/66B | €1,561 | €784 | -€776 | -49.7% |
| Recurring financial charges | 65 | €1,561 | €784 | -€776 | -49.7% |
| Profit (loss) for the period before taxes | 9903 | €196,580 | €216,107 | +€19,527 | +9.9% |
| Income taxes | 67/77 | €45,418 | €50,294 | +€4,876 | +10.7% |
| Profit (loss) for the period | 9904 | €151,162 | €165,813 | +€14,651 | +9.7% |
| Profit (loss) for the period to be appropriated | 9905 | €151,162 | €165,813 | +€14,651 | +9.7% |
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.