DELTA SERVICES: what changed
Two fiscal 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 SERVICES
Largest movements
- Stocks and contracts +€355,694
up €355,694 (+66.8%), from €532,357 to €888,052
- Receivables within one year -€84,799
down €84,799 (-99.1%), from €85,585 to €787
of which Trade receivables: -€72,709
- Debts after one year +€287,870
up €287,870 (+63.1%), from €456,182 to €744,052
- Trade debts -€42,635
no longer reported in 2025 (was €42,635)
- Other debts -€30,000
down €30,000 (-60.0%), from €50,000 to €20,000
- Current portion of long-term debt +€26,976
up €26,976 (+54.9%), from €49,167 to €76,142
- Profit (loss) carried forward +€22,273
up €22,273 (+165.5%), from €13,454 to €35,727
- Gross operating margin +€44,308
up €44,308 (+101.8%), from €43,509 to €87,817
- Financial charges +€27,879
up €27,879 (+98.6%), from €28,271 to €56,150
- Taxes +€5,236
new in 2025: €5,236
- Depreciation -€2,500
no longer reported in 2025 (was €2,500)
- Other operating charges +€944
up €944 (+29.4%), from €3,215 to €4,159
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.
Cash bridge derived
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 | €631,899 | €903,922 | +€272,024 | +43.0% |
| Current assets | 29/58 | €631,899 | €903,922 | +€272,024 | +43.0% |
| Stocks and contracts in progress | 3 | €532,357 | €888,052 | +€355,694 | +66.8% |
| Stocks | 30/36 | €532,357 | €888,052 | +€355,694 | +66.8% |
| Amounts receivable within one year | 40/41 | €85,585 | €787 | -€84,799 | -99.1% |
| Trade receivables | 40 | €73,495 | €787 | -€72,709 | -98.9% |
| Other amounts receivable | 41 | €12,090 | - | -€12,090 | |
| Cash at bank and in hand | 54/58 | €11,419 | €7,399 | -€4,020 | -35.2% |
| Deferred charges and accrued income | 490/1 | €2,537 | €7,685 | +€5,148 | +202.9% |
| Total equity and liabilities | 10/49 | €631,899 | €903,922 | +€272,024 | +43.0% |
| Equity | 10/15 | €33,914 | €56,187 | +€22,273 | +65.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,454 | €35,727 | +€22,273 | +165.5% |
| Amounts payable | 17/49 | €597,984 | €847,735 | +€249,751 | +41.8% |
| Amounts payable after more than one year | 17 | €456,182 | €744,052 | +€287,870 | +63.1% |
| Financial debts | 170/4 | €456,182 | €744,052 | +€287,870 | +63.1% |
| Amounts payable within one year | 42/48 | €141,802 | €103,683 | -€38,119 | -26.9% |
| Current portion of amounts payable after more than one year | 42 | €49,167 | €76,142 | +€26,976 | +54.9% |
| Trade debts | 44 | €42,635 | - | -€42,635 | |
| Suppliers | 440/4 | €42,635 | - | -€42,635 | |
| Taxes, remuneration and social security | 45 | - | €7,541 | +€7,541 | |
| Taxes | 450/3 | - | €7,541 | +€7,541 | |
| Other amounts payable | 47/48 | €50,000 | €20,000 | -€30,000 | -60.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,500 | - | -€2,500 | |
| Other operating charges | 640/8 | €3,215 | €4,159 | +€944 | +29.4% |
| Gross operating margin | 9900 | €43,509 | €87,817 | +€44,308 | +101.8% |
| Operating profit (loss) | 9901 | €37,794 | €83,658 | +€45,864 | +121.4% |
| Financial charges | 65/66B | €28,271 | €56,150 | +€27,879 | +98.6% |
| Recurring financial charges | 65 | €28,271 | €56,150 | +€27,879 | +98.6% |
| Profit (loss) for the period before taxes | 9903 | €9,524 | €27,508 | +€17,985 | +188.8% |
| Income taxes | 67/77 | - | €5,236 | +€5,236 | |
| Profit (loss) for the period | 9904 | €9,524 | €22,273 | +€12,749 | +133.9% |
| Profit (loss) for the period to be appropriated | 9905 | €9,524 | €22,273 | +€12,749 | +133.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.