DELTA UP: 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 UP
Largest movements
- Receivables within one year +€19,075
up €19,075 (+13.5%), from €140,912 to €159,987
of which Trade receivables: +€35,142
- Cash -€10,488
down €10,488 (-7.8%), from €134,109 to €123,622
mainly Tax, wage and social debts (-€23,047) and Contributions, distributions and other (-€20,000)
- Deferred charges and accrued income -€4,646
down €4,646 (-92.9%), from €5,000 to €354
- Tax, wage and social debts -€23,047
down €23,047 (-80.2%), from €28,750 to €5,703
of which Remuneration and social security: -€12,600
- Trade debts +€18,297
up €18,297 (+36.9%), from €49,630 to €67,926
- Profit (loss) carried forward +€8,359
up €8,359 (+4.9%), from €169,446 to €177,806
- Advances received -€5,173
no longer reported in 2025 (was €5,173)
- Other debts +€2,970
up €2,970 (+14.9%), from €20,000 to €22,970
- Gross operating margin -€30,363
down €30,363 (-40.4%), from €75,088 to €44,726
- Other operating charges -€10,208
down €10,208 (-91.9%), from €11,103 to €895
- Taxes -€2,294
down €2,294 (-16.7%), from €13,772 to €11,478
- Financial charges -€1,773
down €1,773 (-85.4%), from €2,076 to €303
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 | €293,459 | €294,866 | +€1,407 | +0.5% |
| Fixed assets | 21/28 | €13,438 | €10,903 | -€2,535 | -18.9% |
| Tangible fixed assets | 22/27 | €13,438 | €10,903 | -€2,535 | -18.9% |
| Plant, machinery and equipment | 23 | €668 | €0 | -€668 | -100.0% |
| Furniture and vehicles | 24 | €12,770 | €10,903 | -€1,867 | -14.6% |
| Current assets | 29/58 | €280,021 | €283,963 | +€3,942 | +1.4% |
| Amounts receivable within one year | 40/41 | €140,912 | €159,987 | +€19,075 | +13.5% |
| Trade receivables | 40 | €119,261 | €154,403 | +€35,142 | +29.5% |
| Other amounts receivable | 41 | €21,651 | €5,584 | -€16,067 | -74.2% |
| Cash at bank and in hand | 54/58 | €134,109 | €123,622 | -€10,488 | -7.8% |
| Deferred charges and accrued income | 490/1 | €5,000 | €354 | -€4,646 | -92.9% |
| Total equity and liabilities | 10/49 | €293,459 | €294,866 | +€1,407 | +0.5% |
| Equity | 10/15 | €189,906 | €198,266 | +€8,359 | +4.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €169,446 | €177,806 | +€8,359 | +4.9% |
| Amounts payable | 17/49 | €103,553 | €96,600 | -€6,953 | -6.7% |
| Amounts payable within one year | 42/48 | €103,553 | €96,600 | -€6,953 | -6.7% |
| Trade debts | 44 | €49,630 | €67,926 | +€18,297 | +36.9% |
| Suppliers | 440/4 | €49,630 | €67,926 | +€18,297 | +36.9% |
| Advances received on contracts in progress | 46 | €5,173 | - | -€5,173 | |
| Taxes, remuneration and social security | 45 | €28,750 | €5,703 | -€23,047 | -80.2% |
| Taxes | 450/3 | €16,150 | €5,703 | -€10,447 | -64.7% |
| Remuneration and social security | 454/9 | €12,600 | - | -€12,600 | |
| Other amounts payable | 47/48 | €20,000 | €22,970 | +€2,970 | +14.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,107 | €3,691 | +€584 | +18.8% |
| Other operating charges | 640/8 | €11,103 | €895 | -€10,208 | -91.9% |
| Gross operating margin | 9900 | €75,088 | €44,726 | -€30,363 | -40.4% |
| Operating profit (loss) | 9901 | €60,879 | €40,140 | -€20,739 | -34.1% |
| Financial income | 75/76B | €36 | - | -€36 | |
| Recurring financial income | 75 | €36 | - | -€36 | |
| Financial charges | 65/66B | €2,076 | €303 | -€1,773 | -85.4% |
| Recurring financial charges | 65 | €2,076 | €303 | -€1,773 | -85.4% |
| Profit (loss) for the period before taxes | 9903 | €58,839 | €39,837 | -€19,002 | -32.3% |
| Income taxes | 67/77 | €13,772 | €11,478 | -€2,294 | -16.7% |
| Profit (loss) for the period | 9904 | €45,067 | €28,359 | -€16,708 | -37.1% |
| Profit (loss) for the period to be appropriated | 9905 | €45,067 | €28,359 | -€16,708 | -37.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.