DELTA PRODUCTION: 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 PRODUCTION
Largest movements
- Tangible fixed assets +€1.3m
up €1.3m (+342.6%), from €382,016 to €1.7m
of which Land and buildings: +€1.0m
- Cash -€98,758
down €98,758 (-62.7%), from €157,596 to €58,837
mainly Investment in fixed assets (net) (-€1.4m) and Net result for the year (-€101,334)
- Receivables within one year -€60,195
down €60,195 (-22.2%), from €270,946 to €210,751
of which Other amounts receivable: -€97,050
- Debts after one year +€1.1m
up €1.1m (+203.1%), from €555,205 to €1.7m
- Profit (loss) carried forward -€101,334
down €101,334 (-378.5%), from -€26,771 to -€128,105
- Current portion of long-term debt +€68,285
up €68,285 (+91.0%), from €75,024 to €143,309
- Trade debts +€45,300
up €45,300 (+153.8%), from €29,451 to €74,751
- Short-term financial debts +€22,951
up €22,951 (+9.7%), from €235,777 to €258,728
of which Credit institutions: +€22,951
- Gross operating margin -€187,441
down €187,441 (-57.0%), from €328,622 to €141,181
- Staff costs -€90,789
down €90,789 (-45.7%), from €198,755 to €107,966
- Depreciation -€69,807
down €69,807 (-40.5%), from €172,451 to €102,644
- Financial income -€56,264
down €56,264 (-98.3%), from €57,246 to €981
- Financial charges -€6,268
down €6,268 (-27.0%), from €23,240 to €16,972
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €997,084 | €2,162,751 | +€1.2m | +116.9% |
| Fixed assets | 21/28 | €389,963 | €1,693,351 | +€1.3m | +334.2% |
| Intangible fixed assets | 21 | €1,139 | €689 | -€450 | -39.5% |
| Tangible fixed assets | 22/27 | €382,016 | €1,690,654 | +€1.3m | +342.6% |
| Land and buildings | 22 | €154,375 | €1,195,429 | +€1.0m | +674.4% |
| Plant, machinery and equipment | 23 | €34,713 | €39,406 | +€4,693 | +13.5% |
| Furniture and vehicles | 24 | €22,269 | €21,512 | -€758 | -3.4% |
| Leasing and similar rights | 25 | €167,353 | €129,550 | -€37,802 | -22.6% |
| Other tangible fixed assets | 26 | €3,306 | €2,052 | -€1,254 | -37.9% |
| Assets under construction and advance payments | 27 | - | €302,704 | +€302,704 | |
| Financial fixed assets | 28 | €6,808 | €2,008 | -€4,800 | -70.5% |
| Current assets | 29/58 | €607,121 | €469,400 | -€137,721 | -22.7% |
| Stocks and contracts in progress | 3 | €140,000 | €154,200 | +€14,200 | +10.1% |
| Stocks | 30/36 | €140,000 | €154,200 | +€14,200 | +10.1% |
| Amounts receivable within one year | 40/41 | €270,946 | €210,751 | -€60,195 | -22.2% |
| Trade receivables | 40 | €87,576 | €124,431 | +€36,855 | +42.1% |
| Other amounts receivable | 41 | €183,369 | €86,320 | -€97,050 | -52.9% |
| Current investments | 50/53 | €31,243 | €35,555 | +€4,313 | +13.8% |
| Cash at bank and in hand | 54/58 | €157,596 | €58,837 | -€98,758 | -62.7% |
| Deferred charges and accrued income | 490/1 | €7,337 | €10,056 | +€2,719 | +37.1% |
| Total equity and liabilities | 10/49 | €997,084 | €2,162,751 | +€1.2m | +116.9% |
| Equity | 10/15 | €92,657 | -€8,677 | -€101,334 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €79,793 | €79,793 | = | 0.0% |
| Distributable reserves | 133 | €79,793 | €79,793 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,771 | -€128,105 | -€101,334 | -378.5% |
| Investment grants | 15 | €21,035 | €21,035 | = | 0.0% |
| Amounts payable | 17/49 | €904,426 | €2,171,427 | +€1.3m | +140.1% |
| Amounts payable after more than one year | 17 | €555,205 | €1,682,784 | +€1.1m | +203.1% |
| Financial debts | 170/4 | €555,205 | €1,682,784 | +€1.1m | +203.1% |
| Amounts payable within one year | 42/48 | €349,221 | €488,644 | +€139,422 | +39.9% |
| Current portion of amounts payable after more than one year | 42 | €75,024 | €143,309 | +€68,285 | +91.0% |
| Financial debts | 43 | €235,777 | €258,728 | +€22,951 | +9.7% |
| Credit institutions | 430/8 | €100,785 | €123,736 | +€22,951 | +22.8% |
| Other loans | 439 | €134,992 | €134,992 | = | 0.0% |
| Trade debts | 44 | €29,451 | €74,751 | +€45,300 | +153.8% |
| Suppliers | 440/4 | €29,451 | €74,751 | +€45,300 | +153.8% |
| Taxes, remuneration and social security | 45 | €8,970 | €11,856 | +€2,886 | +32.2% |
| Taxes | 450/3 | €3,948 | - | -€3,948 | |
| Remuneration and social security | 454/9 | €5,022 | €11,856 | +€6,834 | +136.1% |
| Non-recurring operating income | 76A | - | €13,410 | +€13,410 | |
| Remuneration, social security and pensions | 62 | €198,755 | €107,966 | -€90,789 | -45.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €172,451 | €102,644 | -€69,807 | -40.5% |
| Other operating charges | 640/8 | €20,569 | €15,914 | -€4,655 | -22.6% |
| Non-recurring operating charges | 66A | €9,209 | - | -€9,209 | |
| Gross operating margin | 9900 | €328,622 | €141,181 | -€187,441 | -57.0% |
| Operating profit (loss) | 9901 | -€72,361 | -€85,343 | -€12,982 | -17.9% |
| Financial income | 75/76B | €57,246 | €981 | -€56,264 | -98.3% |
| Recurring financial income | 75 | €57,246 | €981 | -€56,264 | -98.3% |
| Financial charges | 65/66B | €23,240 | €16,972 | -€6,268 | -27.0% |
| Recurring financial charges | 65 | €23,240 | €16,972 | -€6,268 | -27.0% |
| Profit (loss) for the period before taxes | 9903 | -€38,356 | -€101,334 | -€62,978 | -164.2% |
| Income taxes | 67/77 | €1,482 | - | -€1,482 | |
| Profit (loss) for the period | 9904 | -€39,838 | -€101,334 | -€61,496 | -154.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€39,838 | -€101,334 | -€61,496 | -154.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.