Delta Source: 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.
What changed
Delta Source
NACE 62.200, Computer consultancy and computer facilities management
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€87,665
2024 · €65,028+€22,637
Equity
€864,285
2024 · €776,621+€87,665
Cash
€152,235
2024 · €304,341-€152,106
Balance sheet total
€1.9m
2024 · €2.0m-€115,787
Largest movements
Assets
- Cash -€152,106
down €152,106 (-50.0%), from €304,341 to €152,235
mainly Debts after one year (-€142,505) and Trade debts (-€60,059)
- Receivables within one year +€45,340
up €45,340 (+16.7%), from €270,735 to €316,075
of which Trade receivables: +€45,716
Equity and liabilities
- Debts after one year -€142,505
down €142,505 (-25.2%), from €566,397 to €423,892
- Reserves +€87,665
up €87,665 (+11.6%), from €758,021 to €845,685
of which Distributable reserves: +€87,665
- Trade debts -€60,059
down €60,059 (-14.3%), from €418,784 to €358,725
Income statement
- Staff costs -€68,120
down €68,120 (-23.4%), from €291,605 to €223,485
- Gross operating margin -€43,031
down €43,031 (-9.9%), from €436,344 to €393,313
- Taxes +€8,019
up €8,019 (+31.4%), from €25,552 to €33,570
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.
Result 2024
€65,028
Gross operating margin
-€43,031
Staff costs
+€68,120
Depreciation
-€374
Other operating charges
+€56
Other operating items
+€1,723
Financial income
+€26
Financial charges
+€4,136
Taxes
-€8,019
Result 2025
€87,665
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€16,991
Investment
-€19,000
Financing
-€150,096
Cash 2024
€304,341
From operations (derived)
+€16,991
Net result for the year
+€87,665
Depreciation
+€21,637
Receivables within one year
-€45,340
Deferred charges and accrued income
+€6,385
Trade debts
-€60,059
Tax, wage and social debts
-€7,554
Other debts
+€14,262
Accrued charges and deferred income
-€5
Investment (derived)
-€19,000
Investment in fixed assets (net)
-€19,000
Financing
-€150,096
Debts after one year
-€142,505
Current portion of long-term debt
-€7,404
Short-term financial debts
-€186
Cash 2025
€152,235
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,034,661 | €1,918,874 | -€115,787 | -5.7% |
| Fixed assets | 21/28 | €1,437,780 | €1,435,144 | -€2,637 | -0.2% |
| Intangible fixed assets | 21 | €2,966 | €892 | -€2,074 | -69.9% |
| Tangible fixed assets | 22/27 | €200,248 | €184,685 | -€15,563 | -7.8% |
| Land and buildings | 22 | €187,901 | €174,773 | -€13,128 | -7.0% |
| Plant, machinery and equipment | 23 | €9,894 | €5,682 | -€4,212 | -42.6% |
| Furniture and vehicles | 24 | €2,453 | €4,231 | +€1,778 | +72.5% |
| Financial fixed assets | 28 | €1,234,566 | €1,249,566 | +€15,000 | +1.2% |
| Current assets | 29/58 | €596,881 | €483,731 | -€113,150 | -19.0% |
| Amounts receivable within one year | 40/41 | €270,735 | €316,075 | +€45,340 | +16.7% |
| Trade receivables | 40 | €270,280 | €315,997 | +€45,716 | +16.9% |
| Other amounts receivable | 41 | €455 | €79 | -€376 | -82.7% |
| Cash at bank and in hand | 54/58 | €304,341 | €152,235 | -€152,106 | -50.0% |
| Deferred charges and accrued income | 490/1 | €21,805 | €15,420 | -€6,385 | -29.3% |
| Total equity and liabilities | 10/49 | €2,034,661 | €1,918,874 | -€115,787 | -5.7% |
| Equity | 10/15 | €776,621 | €864,285 | +€87,665 | +11.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €758,021 | €845,685 | +€87,665 | +11.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €756,161 | €843,825 | +€87,665 | +11.6% |
| Amounts payable | 17/49 | €1,258,041 | €1,054,589 | -€203,452 | -16.2% |
| Amounts payable after more than one year | 17 | €566,397 | €423,892 | -€142,505 | -25.2% |
| Financial debts | 170/4 | €566,397 | €423,892 | -€142,505 | -25.2% |
| Amounts payable within one year | 42/48 | €679,629 | €618,687 | -€60,942 | -9.0% |
| Current portion of amounts payable after more than one year | 42 | €149,910 | €142,505 | -€7,404 | -4.9% |
| Financial debts | 43 | €510 | €324 | -€186 | -36.5% |
| Credit institutions | 430/8 | €510 | €324 | -€186 | -36.5% |
| Trade debts | 44 | €418,784 | €358,725 | -€60,059 | -14.3% |
| Suppliers | 440/4 | €418,784 | €358,725 | -€60,059 | -14.3% |
| Taxes, remuneration and social security | 45 | €95,671 | €88,116 | -€7,554 | -7.9% |
| Taxes | 450/3 | €72,118 | €49,943 | -€22,176 | -30.7% |
| Remuneration and social security | 454/9 | €23,552 | €38,174 | +€14,621 | +62.1% |
| Other amounts payable | 47/48 | €14,755 | €29,017 | +€14,262 | +96.7% |
| Accrued charges and deferred income | 492/3 | €12,015 | €12,010 | -€5 | 0.0% |
| Non-recurring operating income | 76A | €2,961 | - | -€2,961 | |
| Remuneration, social security and pensions | 62 | €291,605 | €223,485 | -€68,120 | -23.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,263 | €21,637 | +€374 | +1.8% |
| Other operating charges | 640/8 | €1,166 | €1,110 | -€56 | -4.8% |
| Non-recurring operating charges | 66A | €1,723 | - | -€1,723 | |
| Gross operating margin | 9900 | €436,344 | €393,313 | -€43,031 | -9.9% |
| Operating profit (loss) | 9901 | €120,587 | €147,081 | +€26,494 | +22.0% |
| Financial income | 75/76B | €13 | €38 | +€26 | +203% |
| Recurring financial income | 75 | €13 | €38 | +€26 | +203% |
| Financial charges | 65/66B | €30,020 | €25,884 | -€4,136 | -13.8% |
| Recurring financial charges | 65 | €30,020 | €25,884 | -€4,136 | -13.8% |
| Profit (loss) for the period before taxes | 9903 | €90,579 | €121,235 | +€30,656 | +33.8% |
| Income taxes | 67/77 | €25,552 | €33,570 | +€8,019 | +31.4% |
| Profit (loss) for the period | 9904 | €65,028 | €87,665 | +€22,637 | +34.8% |
| Profit (loss) for the period to be appropriated | 9905 | €65,028 | €87,665 | +€22,637 | +34.8% |
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 25 October 2026 via checked.be.