Delta Projects: 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 Projects
Largest movements
- Cash -€9,695
down €9,695 (-28.8%), from €33,715 to €24,020
mainly Investment in fixed assets (net) (-€14,055) and Net result for the year (-€12,662)
- Tangible fixed assets +€4,109
up €4,109 (+2.1%), from €199,271 to €203,380
- Reserves -€12,200
down €12,200 (-9.1%), from €134,500 to €122,300
- Trade debts +€11,098
up €11,098, from €0 to €11,098
- Other debts -€4,796
down €4,796 (-100%), from €4,796 to €0
- Gross operating margin -€5,701
down €5,701 (-82.9%), from €6,877 to €1,176
- Other operating charges +€2,037
up €2,037 (+114%), from €1,794 to €3,832
- Depreciation +€212
up €212 (+2.2%), from €9,733 to €9,945
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 | €236,935 | €231,713 | -€5,222 | -2.2% |
| Fixed assets | 21/28 | €199,558 | €203,667 | +€4,109 | +2.1% |
| Tangible fixed assets | 22/27 | €199,271 | €203,380 | +€4,109 | +2.1% |
| Land and buildings | 22 | €199,271 | €203,380 | +€4,109 | +2.1% |
| Financial fixed assets | 28 | €287 | €287 | = | 0.0% |
| Current assets | 29/58 | €37,377 | €28,046 | -€9,331 | -25.0% |
| Amounts receivable within one year | 40/41 | €3,662 | €4,025 | +€364 | +9.9% |
| Trade receivables | 40 | €3,500 | €3,500 | = | 0.0% |
| Other amounts receivable | 41 | €162 | €525 | +€364 | +225% |
| Cash at bank and in hand | 54/58 | €33,715 | €24,020 | -€9,695 | -28.8% |
| Total equity and liabilities | 10/49 | €236,935 | €231,713 | -€5,222 | -2.2% |
| Equity | 10/15 | €231,651 | €218,989 | -€12,662 | -5.5% |
| Contributions | 10/11 | €96,665 | €96,665 | = | 0.0% |
| Reserves | 13 | €134,500 | €122,300 | -€12,200 | -9.1% |
| Distributable reserves | 133 | €134,500 | €122,300 | -€12,200 | -9.1% |
| Profit (loss) carried forward | 14 | €486 | €24 | -€462 | -95.1% |
| Amounts payable | 17/49 | €5,284 | €12,724 | +€7,440 | +141% |
| Amounts payable within one year | 42/48 | €5,284 | €12,724 | +€7,440 | +141% |
| Trade debts | 44 | €0 | €11,098 | +€11,098 | |
| Suppliers | 440/4 | €0 | €11,098 | +€11,098 | |
| Taxes, remuneration and social security | 45 | €488 | €1,626 | +€1,138 | +233% |
| Taxes | 450/3 | €488 | €1,626 | +€1,138 | +233% |
| Other amounts payable | 47/48 | €4,796 | €0 | -€4,796 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,733 | €9,945 | +€212 | +2.2% |
| Other operating charges | 640/8 | €1,794 | €3,832 | +€2,037 | +114% |
| Gross operating margin | 9900 | €6,877 | €1,176 | -€5,701 | -82.9% |
| Operating profit (loss) | 9901 | -€4,651 | -€12,601 | -€7,951 | -171% |
| Financial charges | 65/66B | €43 | €61 | +€17 | +40.3% |
| Recurring financial charges | 65 | €43 | €61 | +€17 | +40.3% |
| Profit (loss) for the period before taxes | 9903 | -€4,694 | -€12,662 | -€7,968 | -170% |
| Profit (loss) for the period | 9904 | -€4,694 | -€12,662 | -€7,968 | -170% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,694 | -€12,662 | -€7,968 | -170% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.