DELTA-V PUBLIC AFFAIRS: what changed
DELTA-V PUBLIC AFFAIRS
Largest movements
- Cash +€54,371
up €54,371 (+69.1%), from €78,648 to €133,019
mainly Other debts (+€97,883) and Net result for the year (+€36,588)
- Receivables within one year -€7,585
down €7,585 (-34.7%), from €21,859 to €14,275
- Other debts +€97,883
up €97,883 (+4,448%), from €2,200 to €100,084
- Profit (loss) carried forward -€78,094
no longer reported in 2025 (was €78,094)
- Tax, wage and social debts +€20,320
up €20,320 (+126%), from €16,185 to €36,505
of which Taxes: +€21,820
- Advances received +€5,808
new in 2025: €5,808
- Gross operating margin -€8,526
down €8,526 (-15.5%), from €55,057 to €46,531
- Taxes -€1,802
down €1,802 (-16.4%), from €10,968 to €9,166
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €102,480 | €148,397 | +€45,918 | +44.8% |
| Fixed assets | 21/28 | €1,750 | €1,104 | -€646 | -36.9% |
| Tangible fixed assets | 22/27 | €1,750 | €1,104 | -€646 | -36.9% |
| Plant, machinery and equipment | 23 | €1,750 | €1,104 | -€646 | -36.9% |
| Current assets | 29/58 | €100,730 | €147,293 | +€46,564 | +46.2% |
| Amounts receivable within one year | 40/41 | €21,859 | €14,275 | -€7,585 | -34.7% |
| Trade receivables | 40 | €21,859 | €14,275 | -€7,585 | -34.7% |
| Cash at bank and in hand | 54/58 | €78,648 | €133,019 | +€54,371 | +69.1% |
| Deferred charges and accrued income | 490/1 | €223 | - | -€223 | |
| Total equity and liabilities | 10/49 | €102,480 | €148,397 | +€45,918 | +44.8% |
| Equity | 10/15 | €83,094 | €5,000 | -€78,094 | -94.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €78,094 | - | -€78,094 | |
| Amounts payable | 17/49 | €19,386 | €143,397 | +€124,011 | +640% |
| Amounts payable within one year | 42/48 | €19,386 | €143,397 | +€124,011 | +640% |
| Trade debts | 44 | €1,000 | €1,000 | = | 0.0% |
| Suppliers | 440/4 | €1,000 | €1,000 | = | 0.0% |
| Advances received on contracts in progress | 46 | - | €5,808 | +€5,808 | |
| Taxes, remuneration and social security | 45 | €16,185 | €36,505 | +€20,320 | +126% |
| Taxes | 450/3 | €14,685 | €36,505 | +€21,820 | +149% |
| Remuneration and social security | 454/9 | €1,500 | - | -€1,500 | |
| Other amounts payable | 47/48 | €2,200 | €100,084 | +€97,883 | +4,448% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €189 | €646 | +€457 | +242% |
| Gross operating margin | 9900 | €55,057 | €46,531 | -€8,526 | -15.5% |
| Operating profit (loss) | 9901 | €54,868 | €45,885 | -€8,984 | -16.4% |
| Financial income | 75/76B | €13 | - | -€13 | |
| Recurring financial income | 75 | €13 | - | -€13 | |
| Financial charges | 65/66B | €48 | €130 | +€82 | +171% |
| Recurring financial charges | 65 | €48 | €130 | +€82 | +171% |
| Profit (loss) for the period before taxes | 9903 | €54,833 | €45,754 | -€9,078 | -16.6% |
| Income taxes | 67/77 | €10,968 | €9,166 | -€1,802 | -16.4% |
| Profit (loss) for the period | 9904 | €43,865 | €36,588 | -€7,277 | -16.6% |
| Profit (loss) for the period to be appropriated | 9905 | €43,865 | €36,588 | -€7,277 | -16.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.