DELTA VET: 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 VET
Largest movements
- Tangible fixed assets -€53,682
down €53,682 (-42.8%), from €125,366 to €71,684
of which Plant, machinery and equipment: -€39,419
- Cash -€14,844
down €14,844 (-48.6%), from €30,515 to €15,670
mainly Debts after one year (-€33,967) and Current portion of long-term debt (-€26,037)
- Stocks and contracts -€9,681
down €9,681 (-11.1%), from €87,251 to €77,570
- Receivables after one year -€5,197
down €5,197 (-6.3%), from €82,020 to €76,824
- Debts after one year -€33,967
down €33,967 (-80.0%), from €42,454 to €8,487
- Current portion of long-term debt -€26,037
down €26,037 (-43.4%), from €60,004 to €33,967
- Profit (loss) carried forward -€20,664
down €20,664 (-13.8%), from €149,230 to €128,566
- Tax, wage and social debts -€7,916
down €7,916 (-50.9%), from €15,547 to €7,632
of which Remuneration and social security: -€4,214
- Gross operating margin -€66,739
down €66,739 (-32.3%), from €206,354 to €139,616
- Taxes -€12,711
down €12,711 (-96.3%), from €13,202 to €491
- Other operating charges -€8,710
down €8,710 (-80.0%), from €10,888 to €2,179
- Depreciation -€6,839
down €6,839 (-11.3%), from €60,521 to €53,682
- Financial charges -€3,128
down €3,128 (-45.2%), from €6,924 to €3,796
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 | €339,079 | €252,687 | -€86,392 | -25.5% |
| Fixed assets | 21/28 | €125,631 | €71,949 | -€53,682 | -42.7% |
| Tangible fixed assets | 22/27 | €125,366 | €71,684 | -€53,682 | -42.8% |
| Plant, machinery and equipment | 23 | €48,606 | €9,187 | -€39,419 | -81.1% |
| Furniture and vehicles | 24 | €34,548 | €23,723 | -€10,825 | -31.3% |
| Other tangible fixed assets | 26 | €42,212 | €38,774 | -€3,438 | -8.1% |
| Financial fixed assets | 28 | €265 | €265 | = | 0.0% |
| Current assets | 29/58 | €213,447 | €180,737 | -€32,710 | -15.3% |
| Amounts receivable after more than one year | 29 | €82,020 | €76,824 | -€5,197 | -6.3% |
| Trade receivables | 290 | €82,020 | €76,824 | -€5,197 | -6.3% |
| Stocks and contracts in progress | 3 | €87,251 | €77,570 | -€9,681 | -11.1% |
| Stocks | 30/36 | €87,251 | €77,570 | -€9,681 | -11.1% |
| Amounts receivable within one year | 40/41 | €13,015 | €10,673 | -€2,342 | -18.0% |
| Trade receivables | 40 | €3,251 | €3,436 | +€185 | +5.7% |
| Other amounts receivable | 41 | €9,764 | €7,237 | -€2,527 | -25.9% |
| Cash at bank and in hand | 54/58 | €30,515 | €15,670 | -€14,844 | -48.6% |
| Deferred charges and accrued income | 490/1 | €647 | €0 | -€647 | -100% |
| Total equity and liabilities | 10/49 | €339,079 | €252,687 | -€86,392 | -25.5% |
| Equity | 10/15 | €202,741 | €182,077 | -€20,664 | -10.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €34,911 | €34,911 | = | 0.0% |
| Distributable reserves | 133 | €34,911 | €34,911 | = | 0.0% |
| Profit (loss) carried forward | 14 | €149,230 | €128,566 | -€20,664 | -13.8% |
| Amounts payable | 17/49 | €136,338 | €70,610 | -€65,728 | -48.2% |
| Amounts payable after more than one year | 17 | €42,454 | €8,487 | -€33,967 | -80.0% |
| Financial debts | 170/4 | €42,454 | €8,487 | -€33,967 | -80.0% |
| Amounts payable within one year | 42/48 | €93,365 | €62,123 | -€31,242 | -33.5% |
| Current portion of amounts payable after more than one year | 42 | €60,004 | €33,967 | -€26,037 | -43.4% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €99 | €747 | +€648 | +653% |
| Suppliers | 440/4 | €99 | €747 | +€648 | +653% |
| Taxes, remuneration and social security | 45 | €15,547 | €7,632 | -€7,916 | -50.9% |
| Taxes | 450/3 | €3,840 | €138 | -€3,702 | -96.4% |
| Remuneration and social security | 454/9 | €11,708 | €7,494 | -€4,214 | -36.0% |
| Other amounts payable | 47/48 | €17,714 | €19,776 | +€2,063 | +11.6% |
| Accrued charges and deferred income | 492/3 | €519 | €0 | -€519 | -100% |
| Remuneration, social security and pensions | 62 | €81,768 | €80,131 | -€1,637 | -2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,521 | €53,682 | -€6,839 | -11.3% |
| Other operating charges | 640/8 | €10,888 | €2,179 | -€8,710 | -80.0% |
| Gross operating margin | 9900 | €206,354 | €139,616 | -€66,739 | -32.3% |
| Operating profit (loss) | 9901 | €53,177 | €3,624 | -€49,553 | -93.2% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €6,924 | €3,796 | -€3,128 | -45.2% |
| Recurring financial charges | 65 | €6,924 | €3,796 | -€3,128 | -45.2% |
| Profit (loss) for the period before taxes | 9903 | €46,253 | -€172 | -€46,425 | |
| Income taxes | 67/77 | €13,202 | €491 | -€12,711 | -96.3% |
| Profit (loss) for the period | 9904 | €33,051 | -€664 | -€33,714 | |
| Profit (loss) for the period to be appropriated | 9905 | €33,051 | -€664 | -€33,714 |
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 28 October 2026 via checked.be.