DELTA-S: 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-S
Largest movements
- Cash +€138,254
up €138,254 (+28.4%), from €487,136 to €625,390
mainly Receivables within one year (+€111,712) and Net result for the year (+€62,548)
- Receivables within one year -€111,712
down €111,712 (-75.6%), from €147,796 to €36,084
of which Other amounts receivable: -€82,526
- Reserves +€56,293
up €56,293 (+908%), from €6,200 to €62,493
of which Distributable reserves: +€56,293
- Other debts -€39,942
down €39,942 (-17.0%), from €234,876 to €194,934
- Tax, wage and social debts +€8,370
up €8,370 (+23.2%), from €36,068 to €44,438
- Gross operating margin +€18,869
up €18,869 (+29.2%), from €64,659 to €83,528
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €640,458 | €665,734 | +€25,275 | +3.9% |
| Fixed assets | 21/28 | €4,258 | €3,043 | -€1,216 | -28.5% |
| Tangible fixed assets | 22/27 | €4,202 | €2,987 | -€1,216 | -28.9% |
| Land and buildings | 22 | €2,854 | €2,378 | -€476 | -16.7% |
| Furniture and vehicles | 24 | €1,348 | €608 | -€740 | -54.9% |
| Financial fixed assets | 28 | €56 | €56 | = | 0.0% |
| Current assets | 29/58 | €636,200 | €662,691 | +€26,491 | +4.2% |
| Amounts receivable within one year | 40/41 | €147,796 | €36,084 | -€111,712 | -75.6% |
| Trade receivables | 40 | €62,524 | €33,338 | -€29,186 | -46.7% |
| Other amounts receivable | 41 | €85,272 | €2,746 | -€82,526 | -96.8% |
| Cash at bank and in hand | 54/58 | €487,136 | €625,390 | +€138,254 | +28.4% |
| Deferred charges and accrued income | 490/1 | €1,269 | €1,218 | -€51 | -4.0% |
| Total equity and liabilities | 10/49 | €640,458 | €665,734 | +€25,275 | +3.9% |
| Equity | 10/15 | €369,217 | €425,510 | +€56,293 | +15.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €62,493 | +€56,293 | +908% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | - | €56,293 | +€56,293 | |
| Profit (loss) carried forward | 14 | €301,017 | €301,017 | = | 0.0% |
| Amounts payable | 17/49 | €271,242 | €240,223 | -€31,018 | -11.4% |
| Amounts payable within one year | 42/48 | €271,242 | €240,223 | -€31,018 | -11.4% |
| Trade debts | 44 | €298 | €852 | +€554 | +186% |
| Suppliers | 440/4 | €298 | €852 | +€554 | +186% |
| Taxes, remuneration and social security | 45 | €36,068 | €44,438 | +€8,370 | +23.2% |
| Taxes | 450/3 | €36,068 | €44,438 | +€8,370 | +23.2% |
| Other amounts payable | 47/48 | €234,876 | €194,934 | -€39,942 | -17.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,216 | €1,216 | = | 0.0% |
| Non-recurring operating charges | 66A | €1,713 | €378 | -€1,336 | -78.0% |
| Gross operating margin | 9900 | €64,659 | €83,528 | +€18,869 | +29.2% |
| Operating profit (loss) | 9901 | €61,731 | €81,935 | +€20,204 | +32.7% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €805 | €274 | -€531 | -66.0% |
| Recurring financial charges | 65 | €805 | €274 | -€531 | -66.0% |
| Profit (loss) for the period before taxes | 9903 | €60,927 | €81,661 | +€20,734 | +34.0% |
| Income taxes | 67/77 | €18,631 | €19,112 | +€481 | +2.6% |
| Profit (loss) for the period | 9904 | €42,295 | €62,548 | +€20,253 | +47.9% |
| Profit (loss) for the period to be appropriated | 9905 | €42,295 | €62,548 | +€20,253 | +47.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.