DELTA-TENTEN: 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-TENTEN
Largest movements
- Cash -€105,508
down €105,508 (-60.1%), from €175,654 to €70,146
mainly Deferred charges and accrued income (-€65,410) and Debts after one year (-€47,391)
- Tangible fixed assets -€85,586
down €85,586 (-16.7%), from €512,340 to €426,754
of which Furniture and vehicles: -€61,680
- Deferred charges and accrued income +€65,410
up €65,410 (+121%), from €54,277 to €119,687
- Stocks and contracts +€25,327
up €25,327 (+18.9%), from €133,658 to €158,984
- Receivables within one year +€19,419
up €19,419 (+10.5%), from €184,495 to €203,914
of which Trade receivables: +€45,691
- Debts after one year -€47,391
down €47,391 (-43.2%), from €109,785 to €62,394
- Tax, wage and social debts -€38,922
down €38,922 (-58.5%), from €66,526 to €27,604
of which Remuneration and social security: -€37,523
- Gross operating margin -€88,540
down €88,540 (-12.0%), from €734,982 to €646,442
- Staff costs -€60,388
down €60,388 (-11.1%), from €542,246 to €481,858
- Depreciation -€7,975
down €7,975 (-5.8%), from €137,096 to €129,121
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 | €1,060,622 | €979,683 | -€80,939 | -7.6% |
| Fixed assets | 21/28 | €512,538 | €426,952 | -€85,586 | -16.7% |
| Tangible fixed assets | 22/27 | €512,340 | €426,754 | -€85,586 | -16.7% |
| Plant, machinery and equipment | 23 | €292,298 | €269,488 | -€22,810 | -7.8% |
| Furniture and vehicles | 24 | €218,946 | €157,266 | -€61,680 | -28.2% |
| Leasing and similar rights | 25 | €1,096 | - | -€1,096 | |
| Financial fixed assets | 28 | €198 | €198 | = | 0.0% |
| Current assets | 29/58 | €548,083 | €552,731 | +€4,648 | +0.8% |
| Stocks and contracts in progress | 3 | €133,658 | €158,984 | +€25,327 | +18.9% |
| Stocks | 30/36 | €133,658 | €158,984 | +€25,327 | +18.9% |
| Amounts receivable within one year | 40/41 | €184,495 | €203,914 | +€19,419 | +10.5% |
| Trade receivables | 40 | €75,022 | €120,713 | +€45,691 | +60.9% |
| Other amounts receivable | 41 | €109,473 | €83,201 | -€26,272 | -24.0% |
| Cash at bank and in hand | 54/58 | €175,654 | €70,146 | -€105,508 | -60.1% |
| Deferred charges and accrued income | 490/1 | €54,277 | €119,687 | +€65,410 | +121% |
| Total equity and liabilities | 10/49 | €1,060,622 | €979,683 | -€80,939 | -7.6% |
| Equity | 10/15 | €688,190 | €691,635 | +€3,446 | +0.5% |
| Contributions | 10/11 | €96,369 | €96,369 | = | 0.0% |
| Reserves | 13 | €36,711 | €36,711 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €26,711 | €26,711 | = | 0.0% |
| Profit (loss) carried forward | 14 | €555,110 | €558,555 | +€3,446 | +0.6% |
| Amounts payable | 17/49 | €372,432 | €288,048 | -€84,384 | -22.7% |
| Amounts payable after more than one year | 17 | €109,785 | €62,394 | -€47,391 | -43.2% |
| Financial debts | 170/4 | €109,785 | €62,394 | -€47,391 | -43.2% |
| Amounts payable within one year | 42/48 | €262,647 | €225,654 | -€36,993 | -14.1% |
| Current portion of amounts payable after more than one year | 42 | €65,205 | €55,542 | -€9,663 | -14.8% |
| Financial debts | 43 | - | €10,000 | +€10,000 | |
| Credit institutions | 430/8 | - | €10,000 | +€10,000 | |
| Trade debts | 44 | €122,744 | €124,356 | +€1,612 | +1.3% |
| Suppliers | 440/4 | €122,744 | €124,356 | +€1,612 | +1.3% |
| Taxes, remuneration and social security | 45 | €66,526 | €27,604 | -€38,922 | -58.5% |
| Taxes | 450/3 | €13,403 | €12,004 | -€1,399 | -10.4% |
| Remuneration and social security | 454/9 | €53,122 | €15,599 | -€37,523 | -70.6% |
| Other amounts payable | 47/48 | €8,172 | €8,152 | -€19 | -0.2% |
| Non-recurring operating income | 76A | €620 | - | -€620 | |
| Remuneration, social security and pensions | 62 | €542,246 | €481,858 | -€60,388 | -11.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €137,096 | €129,121 | -€7,975 | -5.8% |
| Other operating charges | 640/8 | €11,739 | €13,216 | +€1,477 | +12.6% |
| Non-recurring operating charges | 66A | €5,297 | - | -€5,297 | |
| Gross operating margin | 9900 | €734,982 | €646,442 | -€88,540 | -12.0% |
| Operating profit (loss) | 9901 | €38,604 | €22,248 | -€16,356 | -42.4% |
| Financial income | 75/76B | €349 | €139 | -€210 | -60.3% |
| Recurring financial income | 75 | €349 | €139 | -€210 | -60.3% |
| Financial charges | 65/66B | €12,800 | €12,668 | -€132 | -1.0% |
| Recurring financial charges | 65 | €12,800 | €12,668 | -€132 | -1.0% |
| Profit (loss) for the period before taxes | 9903 | €26,153 | €9,718 | -€16,435 | -62.8% |
| Income taxes | 67/77 | €418 | €6,272 | +€5,854 | +1,400% |
| Profit (loss) for the period | 9904 | €25,735 | €3,446 | -€22,289 | -86.6% |
| Profit (loss) for the period to be appropriated | 9905 | €25,735 | €3,446 | -€22,289 | -86.6% |
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 30 October 2026 via checked.be.