DELTA PUBLIC: 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 PUBLIC
Largest movements
- Cash -€55,705
down €55,705 (-81.1%), from €68,714 to €13,009
mainly Contributions, distributions and other (-€94,118) and Receivables within one year (-€29,774)
- Receivables within one year +€29,774
up €29,774 (+72.2%), from €41,215 to €70,989
of which Trade receivables: +€28,927
- Current investments -€14,250
down €14,250 (-71.3%), from €20,000 to €5,750
- Intangible fixed assets -€6,817
down €6,817 (-50.0%), from €13,634 to €6,817
- Profit (loss) carried forward -€29,560
down €29,560 (-31.3%), from €94,448 to €64,889
- Accrued charges and deferred income -€10,864
down €10,864 (-68.7%), from €15,808 to €4,944
- Current portion of long-term debt -€6,832
no longer reported in 2025 (was €6,832)
- Trade debts +€5,678
up €5,678 (+33.2%), from €17,114 to €22,792
- Tax, wage and social debts -€5,063
down €5,063 (-25.8%), from €19,656 to €14,593
- Staff costs -€58,907
down €58,907 (-98.9%), from €59,540 to €633
- Gross operating margin -€24,380
down €24,380 (-20.6%), from €118,470 to €94,090
- Taxes +€5,289
up €5,289 (+46.0%), from €11,503 to €16,792
- Financial income -€3,641
down €3,641 (-93.2%), from €3,905 to €264
- Write-downs +€3,252
new in 2025: €3,252
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 | €164,798 | €117,357 | -€47,440 | -28.8% |
| Fixed assets | 21/28 | €34,869 | €26,652 | -€8,217 | -23.6% |
| Intangible fixed assets | 21 | €13,634 | €6,817 | -€6,817 | -50.0% |
| Tangible fixed assets | 22/27 | €21,235 | €19,835 | -€1,400 | -6.6% |
| Land and buildings | 22 | €20,885 | €19,835 | -€1,050 | -5.0% |
| Plant, machinery and equipment | 23 | €350 | - | -€350 | |
| Current assets | 29/58 | €129,929 | €90,705 | -€39,224 | -30.2% |
| Amounts receivable within one year | 40/41 | €41,215 | €70,989 | +€29,774 | +72.2% |
| Trade receivables | 40 | €41,215 | €70,142 | +€28,927 | +70.2% |
| Other amounts receivable | 41 | - | €847 | +€847 | |
| Current investments | 50/53 | €20,000 | €5,750 | -€14,250 | -71.3% |
| Cash at bank and in hand | 54/58 | €68,714 | €13,009 | -€55,705 | -81.1% |
| Deferred charges and accrued income | 490/1 | - | €957 | +€957 | |
| Total equity and liabilities | 10/49 | €164,798 | €117,357 | -€47,440 | -28.8% |
| Equity | 10/15 | €104,448 | €74,889 | -€29,560 | -28.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €94,448 | €64,889 | -€29,560 | -31.3% |
| Amounts payable | 17/49 | €60,349 | €42,468 | -€17,881 | -29.6% |
| Amounts payable within one year | 42/48 | €44,542 | €37,525 | -€7,017 | -15.8% |
| Current portion of amounts payable after more than one year | 42 | €6,832 | - | -€6,832 | |
| Trade debts | 44 | €17,114 | €22,792 | +€5,678 | +33.2% |
| Suppliers | 440/4 | €17,114 | €22,792 | +€5,678 | +33.2% |
| Taxes, remuneration and social security | 45 | €19,656 | €14,593 | -€5,063 | -25.8% |
| Taxes | 450/3 | €19,656 | €14,593 | -€5,063 | -25.8% |
| Other amounts payable | 47/48 | €940 | €140 | -€800 | -85.1% |
| Accrued charges and deferred income | 492/3 | €15,808 | €4,944 | -€10,864 | -68.7% |
| Remuneration, social security and pensions | 62 | €59,540 | €633 | -€58,907 | -98.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,735 | €8,217 | +€482 | +6.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €3,252 | +€3,252 | |
| Other operating charges | 640/8 | €619 | €749 | +€130 | +21.0% |
| Gross operating margin | 9900 | €118,470 | €94,090 | -€24,380 | -20.6% |
| Operating profit (loss) | 9901 | €50,577 | €81,240 | +€30,663 | +60.6% |
| Financial income | 75/76B | €3,905 | €264 | -€3,641 | -93.2% |
| Recurring financial income | 75 | €3,905 | €264 | -€3,641 | -93.2% |
| Financial charges | 65/66B | €636 | €155 | -€481 | -75.7% |
| Recurring financial charges | 65 | €636 | €155 | -€481 | -75.7% |
| Profit (loss) for the period before taxes | 9903 | €53,847 | €81,350 | +€27,503 | +51.1% |
| Income taxes | 67/77 | €11,503 | €16,792 | +€5,289 | +46.0% |
| Profit (loss) for the period | 9904 | €42,344 | €64,558 | +€22,215 | +52.5% |
| Profit (loss) for the period to be appropriated | 9905 | €42,344 | €64,558 | +€22,215 | +52.5% |
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 1 November 2026 via checked.be.