DELTA-PROJECT & MANAGEMENT: 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-PROJECT & MANAGEMENT
Largest movements
- Stocks and contracts +€354,971
up €354,971 (+239%), from €148,503 to €503,474
- Receivables within one year -€60,135
down €60,135 (-39.8%), from €150,998 to €90,863
of which Other amounts receivable: -€64,372
- Tangible fixed assets -€59,337
down €59,337 (-6.3%), from €941,490 to €882,154
of which Leasing and similar rights: -€40,398
- Current investments +€50,822
up €50,822 (+157%), from €32,335 to €83,157
- Current portion of long-term debt +€299,396
up €299,396 (+150%), from €199,468 to €498,864
- Debts after one year -€80,768
down €80,768 (-13.8%), from €587,360 to €506,592
- Trade debts +€55,556
up €55,556 (+39.6%), from €140,318 to €195,874
- Tax, wage and social debts -€31,903
down €31,903 (-77.0%), from €41,438 to €9,535
of which Taxes: -€29,995
- Reserves +€26,611
up €26,611 (+9.0%), from €297,308 to €323,919
of which Distributable reserves: +€26,611
- Financial charges +€30,321
up €30,321 (+267%), from €11,360 to €41,681
- Depreciation +€18,804
up €18,804 (+38.7%), from €48,547 to €67,352
- Gross operating margin +€13,238
up €13,238 (+8.1%), from €163,067 to €176,305
- Taxes -€7,295
down €7,295 (-26.8%), from €27,241 to €19,946
- Staff costs +€3,324
up €3,324 (+20.3%), from €16,374 to €19,698
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.
Derived cash bridge
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 | €1,303,494 | €1,588,909 | +€285,415 | +21.9% |
| Fixed assets | 21/28 | €948,440 | €889,104 | -€59,337 | -6.3% |
| Tangible fixed assets | 22/27 | €941,490 | €882,154 | -€59,337 | -6.3% |
| Land and buildings | 22 | €770,900 | €762,151 | -€8,749 | -1.1% |
| Furniture and vehicles | 24 | €36,452 | €26,263 | -€10,190 | -28.0% |
| Leasing and similar rights | 25 | €134,139 | €93,740 | -€40,398 | -30.1% |
| Financial fixed assets | 28 | €6,950 | €6,950 | = | 0.0% |
| Current assets | 29/58 | €355,054 | €699,806 | +€344,752 | +97.1% |
| Stocks and contracts in progress | 3 | €148,503 | €503,474 | +€354,971 | +239% |
| Stocks | 30/36 | €148,503 | €503,474 | +€354,971 | +239% |
| Amounts receivable within one year | 40/41 | €150,998 | €90,863 | -€60,135 | -39.8% |
| Trade receivables | 40 | €50,409 | €54,646 | +€4,237 | +8.4% |
| Other amounts receivable | 41 | €100,589 | €36,217 | -€64,372 | -64.0% |
| Current investments | 50/53 | €32,335 | €83,157 | +€50,822 | +157% |
| Cash at bank and in hand | 54/58 | €16,077 | €21,853 | +€5,776 | +35.9% |
| Deferred charges and accrued income | 490/1 | €7,141 | €459 | -€6,683 | -93.6% |
| Total equity and liabilities | 10/49 | €1,303,494 | €1,588,909 | +€285,415 | +21.9% |
| Equity | 10/15 | €309,708 | €336,319 | +€26,611 | +8.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €297,308 | €323,919 | +€26,611 | +9.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €295,448 | €322,059 | +€26,611 | +9.0% |
| Amounts payable | 17/49 | €993,786 | €1,252,590 | +€258,804 | +26.0% |
| Amounts payable after more than one year | 17 | €587,360 | €506,592 | -€80,768 | -13.8% |
| Financial debts | 170/4 | €587,360 | €506,592 | -€80,768 | -13.8% |
| Amounts payable within one year | 42/48 | €406,426 | €745,998 | +€339,571 | +83.6% |
| Current portion of amounts payable after more than one year | 42 | €199,468 | €498,864 | +€299,396 | +150% |
| Financial debts | 43 | €673 | - | -€673 | |
| Credit institutions | 430/8 | €673 | - | -€673 | |
| Trade debts | 44 | €140,318 | €195,874 | +€55,556 | +39.6% |
| Suppliers | 440/4 | €140,318 | €195,874 | +€55,556 | +39.6% |
| Taxes, remuneration and social security | 45 | €41,438 | €9,535 | -€31,903 | -77.0% |
| Taxes | 450/3 | €35,695 | €5,700 | -€29,995 | -84.0% |
| Remuneration and social security | 454/9 | €5,744 | €3,835 | -€1,909 | -33.2% |
| Other amounts payable | 47/48 | €24,530 | €41,725 | +€17,195 | +70.1% |
| Non-recurring operating income | 76A | €3,917 | €1,699 | -€2,218 | -56.6% |
| Remuneration, social security and pensions | 62 | €16,374 | €19,698 | +€3,324 | +20.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,547 | €67,352 | +€18,804 | +38.7% |
| Other operating charges | 640/8 | €1,832 | €1,381 | -€451 | -24.6% |
| Gross operating margin | 9900 | €163,067 | €176,305 | +€13,238 | +8.1% |
| Operating profit (loss) | 9901 | €96,313 | €87,874 | -€8,440 | -8.8% |
| Financial income | 75/76B | €0 | €366 | +€365 | +81,131% |
| Recurring financial income | 75 | €0 | €366 | +€365 | +81,131% |
| Financial charges | 65/66B | €11,360 | €41,681 | +€30,321 | +267% |
| Recurring financial charges | 65 | €11,360 | €41,681 | +€30,321 | +267% |
| Profit (loss) for the period before taxes | 9903 | €84,954 | €46,558 | -€38,396 | -45.2% |
| Income taxes | 67/77 | €27,241 | €19,946 | -€7,295 | -26.8% |
| Profit (loss) for the period | 9904 | €57,712 | €26,611 | -€31,101 | -53.9% |
| Profit (loss) for the period to be appropriated | 9905 | €57,712 | €26,611 | -€31,101 | -53.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.