DELTA VN: 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 VN
Largest movements
- Tangible fixed assets -€34,757
down €34,757 (-8.5%), from €406,817 to €372,060
of which Furniture and vehicles: -€29,639
- Receivables within one year -€8,903
down €8,903 (-4.3%), from €209,159 to €200,256
- Debts after one year -€32,001
down €32,001 (-32.8%), from €97,609 to €65,608
- Other debts -€23,104
down €23,104 (-5.6%), from €410,777 to €387,673
- Gross operating margin -€9,452
down €9,452 (-12.4%), from €76,340 to €66,888
- Other operating charges -€8,092
down €8,092 (-77.9%), from €10,385 to €2,293
- Financial charges -€1,556
down €1,556 (-23.7%), from €6,563 to €5,007
- Depreciation -€887
down €887 (-1.5%), from €57,433 to €56,546
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 | €655,015 | €599,757 | -€55,258 | -8.4% |
| Fixed assets | 21/28 | €430,220 | €390,167 | -€40,053 | -9.3% |
| Intangible fixed assets | 21 | €13,078 | €7,782 | -€5,296 | -40.5% |
| Tangible fixed assets | 22/27 | €406,817 | €372,060 | -€34,757 | -8.5% |
| Land and buildings | 22 | €283,873 | €280,232 | -€3,641 | -1.3% |
| Plant, machinery and equipment | 23 | €3,186 | €1,709 | -€1,477 | -46.4% |
| Furniture and vehicles | 24 | €119,758 | €90,119 | -€29,639 | -24.7% |
| Financial fixed assets | 28 | €10,325 | €10,325 | = | 0.0% |
| Current assets | 29/58 | €224,795 | €209,590 | -€15,205 | -6.8% |
| Amounts receivable within one year | 40/41 | €209,159 | €200,256 | -€8,903 | -4.3% |
| Trade receivables | 40 | €209,159 | €200,256 | -€8,903 | -4.3% |
| Cash at bank and in hand | 54/58 | €15,636 | €9,334 | -€6,302 | -40.3% |
| Total equity and liabilities | 10/49 | €655,015 | €599,757 | -€55,258 | -8.4% |
| Equity | 10/15 | €80,060 | €81,793 | +€1,733 | +2.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €60,060 | €61,793 | +€1,733 | +2.9% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €58,060 | €59,793 | +€1,733 | +3.0% |
| Amounts payable | 17/49 | €574,955 | €517,964 | -€56,991 | -9.9% |
| Amounts payable after more than one year | 17 | €97,609 | €65,608 | -€32,001 | -32.8% |
| Financial debts | 170/4 | €97,609 | €65,608 | -€32,001 | -32.8% |
| Amounts payable within one year | 42/48 | €477,346 | €452,356 | -€24,990 | -5.2% |
| Current portion of amounts payable after more than one year | 42 | €31,297 | €32,166 | +€869 | +2.8% |
| Financial debts | 43 | - | €1,708 | +€1,708 | |
| Credit institutions | 430/8 | - | €1,708 | +€1,708 | |
| Trade debts | 44 | €15,087 | €9,855 | -€5,232 | -34.7% |
| Suppliers | 440/4 | €15,087 | €9,855 | -€5,232 | -34.7% |
| Taxes, remuneration and social security | 45 | €20,185 | €20,954 | +€769 | +3.8% |
| Taxes | 450/3 | €20,185 | €20,954 | +€769 | +3.8% |
| Other amounts payable | 47/48 | €410,777 | €387,673 | -€23,104 | -5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,433 | €56,546 | -€887 | -1.5% |
| Other operating charges | 640/8 | €10,385 | €2,293 | -€8,092 | -77.9% |
| Gross operating margin | 9900 | €76,340 | €66,888 | -€9,452 | -12.4% |
| Operating profit (loss) | 9901 | €8,522 | €8,049 | -€473 | -5.6% |
| Financial income | 75/76B | - | €92 | +€92 | |
| Recurring financial income | 75 | - | €92 | +€92 | |
| Financial charges | 65/66B | €6,563 | €5,007 | -€1,556 | -23.7% |
| Recurring financial charges | 65 | €6,563 | €5,007 | -€1,556 | -23.7% |
| Profit (loss) for the period before taxes | 9903 | €1,959 | €3,134 | +€1,175 | +60.0% |
| Income taxes | 67/77 | €889 | €1,401 | +€512 | +57.6% |
| Profit (loss) for the period | 9904 | €1,070 | €1,733 | +€663 | +62.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,070 | €1,733 | +€663 | +62.0% |
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 21 October 2026 via checked.be.