DELTA PERSPECTIVES: 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 PERSPECTIVES
Largest movements
- Cash +€11,588
up €11,588 (+95.6%), from €12,122 to €23,711
mainly Net result for the year (+€9,186) and Depreciation (+€3,308)
- Tangible fixed assets -€3,308
down €3,308 (-23.2%), from €14,267 to €10,959
- Profit (loss) carried forward +€9,186
up €9,186 (+42.4%), from -€21,675 to -€12,489
- Trade debts -€930
no longer reported in 2025 (was €930)
- Gross operating margin +€1,631
up €1,631 (+12.4%), from €13,104 to €14,734
- Other operating charges +€320
up €320 (+17.7%), from €1,811 to €2,131
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 | €26,389 | €34,669 | +€8,281 | +31.4% |
| Fixed assets | 21/28 | €14,267 | €10,959 | -€3,308 | -23.2% |
| Tangible fixed assets | 22/27 | €14,267 | €10,959 | -€3,308 | -23.2% |
| Land and buildings | 22 | €14,267 | €10,959 | -€3,308 | -23.2% |
| Current assets | 29/58 | €12,122 | €23,711 | +€11,588 | +95.6% |
| Cash at bank and in hand | 54/58 | €12,122 | €23,711 | +€11,588 | +95.6% |
| Total equity and liabilities | 10/49 | €26,389 | €34,669 | +€8,281 | +31.4% |
| Equity | 10/15 | -€3,083 | €6,103 | +€9,186 | |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,675 | -€12,489 | +€9,186 | +42.4% |
| Amounts payable | 17/49 | €29,471 | €28,566 | -€905 | -3.1% |
| Amounts payable within one year | 42/48 | €28,666 | €27,789 | -€877 | -3.1% |
| Trade debts | 44 | €930 | - | -€930 | |
| Suppliers | 440/4 | €930 | - | -€930 | |
| Other amounts payable | 47/48 | €27,736 | €27,789 | +€53 | +0.2% |
| Accrued charges and deferred income | 492/3 | €805 | €777 | -€28 | -3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,308 | €3,308 | = | 0.0% |
| Other operating charges | 640/8 | €1,811 | €2,131 | +€320 | +17.7% |
| Gross operating margin | 9900 | €13,104 | €14,734 | +€1,631 | +12.4% |
| Operating profit (loss) | 9901 | €7,985 | €9,296 | +€1,310 | +16.4% |
| Financial charges | 65/66B | €128 | €110 | -€18 | -14.1% |
| Recurring financial charges | 65 | €128 | €110 | -€18 | -14.1% |
| Profit (loss) for the period before taxes | 9903 | €7,857 | €9,186 | +€1,328 | +16.9% |
| Profit (loss) for the period | 9904 | €7,857 | €9,186 | +€1,328 | +16.9% |
| Profit (loss) for the period to be appropriated | 9905 | €7,857 | €9,186 | +€1,328 | +16.9% |
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 7 October 2026 via checked.be.