Delta RENOV: 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 RENOV
Largest movements
- Cash +€6,822
up €6,822 (+132%), from €5,177 to €11,999
mainly Net result for the year (+€8,082) and Tax, wage and social debts (+€2,887)
- Tangible fixed assets +€4,620
up €4,620 (+148%), from €3,115 to €7,735
of which Furniture and vehicles: +€4,246
- Stocks and contracts -€500
no longer reported in 2025 (was €500)
- Receivables within one year +€338
up €338 (+3.9%), from €8,684 to €9,021
of which Trade receivables: +€600
- Reserves +€19,358
new in 2025: €19,358
- Profit (loss) carried forward -€11,276
no longer reported in 2025 (was €11,276)
- Tax, wage and social debts +€2,887
up €2,887 (+3,359%), from €86 to €2,973
- Trade debts +€481
up €481 (+98.1%), from €490 to €971
- Gross operating margin +€6,732
up €6,732 (+85.5%), from €7,876 to €14,608
- Taxes +€2,012
up €2,012 (+23,178%), from €9 to €2,021
- Other operating charges +€1,863
up €1,863 (+344%), from €541 to €2,404
- Depreciation +€639
up €639 (+48.1%), from €1,330 to €1,970
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 | €17,788 | €29,016 | +€11,228 | +63.1% |
| Fixed assets | 21/28 | €3,193 | €7,813 | +€4,620 | +145% |
| Tangible fixed assets | 22/27 | €3,115 | €7,735 | +€4,620 | +148% |
| Plant, machinery and equipment | 23 | €39 | €327 | +€288 | +732% |
| Furniture and vehicles | 24 | €2,746 | €6,992 | +€4,246 | +155% |
| Other tangible fixed assets | 26 | €330 | €416 | +€86 | +26.2% |
| Financial fixed assets | 28 | €78 | €78 | = | 0.0% |
| Current assets | 29/58 | €14,595 | €21,203 | +€6,608 | +45.3% |
| Stocks and contracts in progress | 3 | €500 | - | -€500 | |
| Stocks | 30/36 | €500 | - | -€500 | |
| Amounts receivable within one year | 40/41 | €8,684 | €9,021 | +€338 | +3.9% |
| Trade receivables | 40 | €2,913 | €3,513 | +€600 | +20.6% |
| Other amounts receivable | 41 | €5,771 | €5,508 | -€262 | -4.5% |
| Cash at bank and in hand | 54/58 | €5,177 | €11,999 | +€6,822 | +132% |
| Deferred charges and accrued income | 490/1 | €234 | €183 | -€52 | -22.0% |
| Total equity and liabilities | 10/49 | €17,788 | €29,016 | +€11,228 | +63.1% |
| Equity | 10/15 | €12,276 | €20,358 | +€8,082 | +65.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | - | €19,358 | +€19,358 | |
| Distributable reserves | 133 | - | €19,358 | +€19,358 | |
| Profit (loss) carried forward | 14 | €11,276 | - | -€11,276 | |
| Amounts payable | 17/49 | €5,512 | €8,658 | +€3,146 | +57.1% |
| Amounts payable within one year | 42/48 | €5,512 | €8,658 | +€3,146 | +57.1% |
| Trade debts | 44 | €490 | €971 | +€481 | +98.1% |
| Suppliers | 440/4 | €490 | €971 | +€481 | +98.1% |
| Taxes, remuneration and social security | 45 | €86 | €2,973 | +€2,887 | +3,359% |
| Taxes | 450/3 | €86 | €2,973 | +€2,887 | +3,359% |
| Other amounts payable | 47/48 | €4,936 | €4,714 | -€222 | -4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,330 | €1,970 | +€639 | +48.1% |
| Other operating charges | 640/8 | €541 | €2,404 | +€1,863 | +344% |
| Gross operating margin | 9900 | €7,876 | €14,608 | +€6,732 | +85.5% |
| Operating profit (loss) | 9901 | €6,004 | €10,234 | +€4,230 | +70.5% |
| Financial charges | 65/66B | €134 | €132 | -€2 | -1.5% |
| Recurring financial charges | 65 | €134 | €132 | -€2 | -1.5% |
| Profit (loss) for the period before taxes | 9903 | €5,871 | €10,103 | +€4,232 | +72.1% |
| Income taxes | 67/77 | €9 | €2,021 | +€2,012 | +23,178% |
| Profit (loss) for the period | 9904 | €5,862 | €8,082 | +€2,220 | +37.9% |
| Profit (loss) for the period to be appropriated | 9905 | €5,862 | €8,082 | +€2,220 | +37.9% |
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 27 October 2026 via checked.be.