DELTA TM: 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 TM
Largest movements
- Deferred charges and accrued income +€23,336
up €23,336 (+1,846%), from €1,264 to €24,600
- Receivables within one year +€5,793
new in 2025: €5,793
- Cash -€4,390
down €4,390 (-4.4%), from €99,376 to €94,986
mainly Deferred charges and accrued income (-€23,336) and Other debts (-€12,821)
- Profit (loss) carried forward +€34,807
up €34,807 (+58.8%), from €59,211 to €94,018
- Other debts -€12,821
down €12,821 (-80.7%), from €15,895 to €3,074
- Tax, wage and social debts +€5,080
up €5,080 (+24.6%), from €20,681 to €25,761
of which Taxes: +€4,920
- Trade debts -€3,102
down €3,102 (-89.6%), from €3,463 to €361
- Gross operating margin -€31,137
down €31,137 (-29.6%), from €105,276 to €74,139
- Taxes -€5,921
down €5,921 (-32.7%), from €18,128 to €12,207
- Other operating charges +€2,594
up €2,594 (+94.7%), from €2,738 to €5,332
- Staff costs -€2,436
down €2,436 (-11.1%), from €21,968 to €19,531
- Depreciation -€1,730
down €1,730 (-69.1%), from €2,504 to €774
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 | €102,250 | €126,214 | +€23,964 | +23.4% |
| Fixed assets | 21/28 | €1,610 | €836 | -€774 | -48.1% |
| Tangible fixed assets | 22/27 | €1,610 | €836 | -€774 | -48.1% |
| Furniture and vehicles | 24 | €1,610 | €836 | -€774 | -48.1% |
| Current assets | 29/58 | €100,640 | €125,379 | +€24,738 | +24.6% |
| Amounts receivable within one year | 40/41 | - | €5,793 | +€5,793 | |
| Other amounts receivable | 41 | - | €5,793 | +€5,793 | |
| Cash at bank and in hand | 54/58 | €99,376 | €94,986 | -€4,390 | -4.4% |
| Deferred charges and accrued income | 490/1 | €1,264 | €24,600 | +€23,336 | +1,846% |
| Total equity and liabilities | 10/49 | €102,250 | €126,214 | +€23,964 | +23.4% |
| Equity | 10/15 | €62,211 | €97,018 | +€34,807 | +55.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €59,211 | €94,018 | +€34,807 | +58.8% |
| Amounts payable | 17/49 | €40,039 | €29,196 | -€10,843 | -27.1% |
| Amounts payable within one year | 42/48 | €40,039 | €29,196 | -€10,843 | -27.1% |
| Trade debts | 44 | €3,463 | €361 | -€3,102 | -89.6% |
| Suppliers | 440/4 | €3,463 | €361 | -€3,102 | -89.6% |
| Taxes, remuneration and social security | 45 | €20,681 | €25,761 | +€5,080 | +24.6% |
| Taxes | 450/3 | €19,401 | €24,321 | +€4,920 | +25.4% |
| Remuneration and social security | 454/9 | €1,280 | €1,440 | +€160 | +12.5% |
| Other amounts payable | 47/48 | €15,895 | €3,074 | -€12,821 | -80.7% |
| Remuneration, social security and pensions | 62 | €21,968 | €19,531 | -€2,436 | -11.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,504 | €774 | -€1,730 | -69.1% |
| Other operating charges | 640/8 | €2,738 | €5,332 | +€2,594 | +94.7% |
| Gross operating margin | 9900 | €105,276 | €74,139 | -€31,137 | -29.6% |
| Operating profit (loss) | 9901 | €78,066 | €48,502 | -€29,564 | -37.9% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €727 | €1,490 | +€763 | +105% |
| Recurring financial charges | 65 | €727 | €1,490 | +€763 | +105% |
| Profit (loss) for the period before taxes | 9903 | €77,340 | €47,014 | -€30,325 | -39.2% |
| Income taxes | 67/77 | €18,128 | €12,207 | -€5,921 | -32.7% |
| Profit (loss) for the period | 9904 | €59,211 | €34,807 | -€24,404 | -41.2% |
| Profit (loss) for the period to be appropriated | 9905 | €59,211 | €34,807 | -€24,404 | -41.2% |
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 17 October 2026 via checked.be.