DELTA RELAY: 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 RELAY
Largest movements
- Tangible fixed assets -€75,957
down €75,957 (-49.5%), from €153,417 to €77,461
of which Furniture and vehicles: -€68,187
- Receivables within one year -€29,509
down €29,509 (-7.9%), from €372,501 to €342,992
of which Trade receivables: -€27,676
- Tax, wage and social debts -€46,430
down €46,430 (-47.7%), from €97,377 to €50,947
of which Taxes: -€24,458
- Current portion of long-term debt -€23,700
no longer reported in 2024 (was €23,700)
- Trade debts -€12,759
down €12,759 (-6.5%), from €195,950 to €183,191
- Profit (loss) carried forward -€12,493
down €12,493 (-6.3%), from €197,051 to €184,558
- Staff costs -€144,516
down €144,516 (-33.2%), from €435,153 to €290,637
- Gross operating margin -€96,649
down €96,649 (-19.8%), from €487,116 to €390,467
- Depreciation -€11,454
down €11,454 (-13.1%), from €87,411 to €75,957
- Other operating charges +€11,107
up €11,107 (+63.7%), from €17,437 to €28,544
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 | €541,522 | €439,156 | -€102,366 | -18.9% |
| Fixed assets | 21/28 | €153,417 | €78,649 | -€74,768 | -48.7% |
| Tangible fixed assets | 22/27 | €153,417 | €77,461 | -€75,957 | -49.5% |
| Plant, machinery and equipment | 23 | €20,406 | €12,636 | -€7,770 | -38.1% |
| Furniture and vehicles | 24 | €101,268 | €33,081 | -€68,187 | -67.3% |
| Leasing and similar rights | 25 | €31,744 | €31,744 | = | 0.0% |
| Financial fixed assets | 28 | - | €1,189 | +€1,189 | |
| Current assets | 29/58 | €388,104 | €360,507 | -€27,597 | -7.1% |
| Amounts receivable within one year | 40/41 | €372,501 | €342,992 | -€29,509 | -7.9% |
| Trade receivables | 40 | €248,488 | €220,811 | -€27,676 | -11.1% |
| Other amounts receivable | 41 | €124,014 | €122,181 | -€1,833 | -1.5% |
| Cash at bank and in hand | 54/58 | €10,039 | €11,105 | +€1,066 | +10.6% |
| Deferred charges and accrued income | 490/1 | €5,564 | €6,410 | +€845 | +15.2% |
| Total equity and liabilities | 10/49 | €541,522 | €439,156 | -€102,366 | -18.9% |
| Equity | 10/15 | €217,511 | €205,018 | -€12,493 | -5.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €197,051 | €184,558 | -€12,493 | -6.3% |
| Amounts payable | 17/49 | €324,011 | €234,138 | -€89,873 | -27.7% |
| Amounts payable after more than one year | 17 | €3,026 | - | -€3,026 | |
| Financial debts | 170/4 | €3,026 | - | -€3,026 | |
| Amounts payable within one year | 42/48 | €320,985 | €234,138 | -€86,847 | -27.1% |
| Current portion of amounts payable after more than one year | 42 | €23,700 | - | -€23,700 | |
| Financial debts | 43 | €3,958 | - | -€3,958 | |
| Credit institutions | 430/8 | €3,958 | - | -€3,958 | |
| Trade debts | 44 | €195,950 | €183,191 | -€12,759 | -6.5% |
| Suppliers | 440/4 | €195,950 | €183,191 | -€12,759 | -6.5% |
| Taxes, remuneration and social security | 45 | €97,377 | €50,947 | -€46,430 | -47.7% |
| Taxes | 450/3 | €41,598 | €17,141 | -€24,458 | -58.8% |
| Remuneration and social security | 454/9 | €55,779 | €33,807 | -€21,972 | -39.4% |
| Remuneration, social security and pensions | 62 | €435,153 | €290,637 | -€144,516 | -33.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €87,411 | €75,957 | -€11,454 | -13.1% |
| Other operating charges | 640/8 | €17,437 | €28,544 | +€11,107 | +63.7% |
| Gross operating margin | 9900 | €487,116 | €390,467 | -€96,649 | -19.8% |
| Operating profit (loss) | 9901 | -€52,885 | -€4,671 | +€48,214 | +91.2% |
| Financial income | 75/76B | €4 | €1 | -€3 | -87.3% |
| Recurring financial income | 75 | €4 | €1 | -€3 | -87.3% |
| Financial charges | 65/66B | €3,539 | €2,515 | -€1,024 | -28.9% |
| Recurring financial charges | 65 | €3,539 | €2,515 | -€1,024 | -28.9% |
| Profit (loss) for the period before taxes | 9903 | -€56,420 | -€7,185 | +€49,234 | +87.3% |
| Income taxes | 67/77 | €5,237 | €5,308 | +€71 | +1.3% |
| Profit (loss) for the period | 9904 | -€61,657 | -€12,493 | +€49,164 | +79.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€61,657 | -€12,493 | +€49,164 | +79.7% |
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 17 October 2026 via checked.be.