DELTA X: what changed
Two fiscal 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 X
Largest movements
- Receivables within one year +€62,028
up €62,028 (+8.8%), from €707,828 to €769,857
of which Other amounts receivable: +€53,949
- Other debts +€26,000
new in 2025: €26,000
- Reserves +€11,978
up €11,978 (+1.5%), from €817,813 to €829,791
- Tax, wage and social debts +€9,770
up €9,770 (+470.5%), from €2,077 to €11,847
- Write-downs -€14,142
down €14,142 (-100.0%), from €14,142 to €0
- Gross operating margin +€8,593
up €8,593 (+36.0%), from -€23,875 to -€15,282
- Taxes +€7,694
up €7,694 (+370.6%), from €2,076 to €9,771
- Financial charges +€353
up €353 (+147.8%), from €239 to €592
- Depreciation -€240
down €240 (-9.7%), from €2,477 to €2,237
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 | €842,762 | €895,050 | +€52,288 | +6.2% |
| Fixed assets | 21/28 | €125,014 | €122,778 | -€2,237 | -1.8% |
| Tangible fixed assets | 22/27 | €125,014 | €122,778 | -€2,237 | -1.8% |
| Land and buildings | 22 | €100,000 | €100,000 | = | 0.0% |
| Furniture and vehicles | 24 | €3,107 | €1,554 | -€1,553 | -50.0% |
| Other tangible fixed assets | 26 | €21,907 | €21,224 | -€683 | -3.1% |
| Current assets | 29/58 | €717,748 | €772,272 | +€54,524 | +7.6% |
| Amounts receivable within one year | 40/41 | €707,828 | €769,857 | +€62,028 | +8.8% |
| Trade receivables | 40 | €2,809 | €10,888 | +€8,080 | +287.7% |
| Other amounts receivable | 41 | €705,020 | €758,968 | +€53,949 | +7.7% |
| Current investments | 50/53 | €119 | - | -€119 | |
| Cash at bank and in hand | 54/58 | €9,801 | €2,336 | -€7,465 | -76.2% |
| Deferred charges and accrued income | 490/1 | - | €80 | +€80 | |
| Total equity and liabilities | 10/49 | €842,762 | €895,050 | +€52,288 | +6.2% |
| Equity | 10/15 | €838,556 | €854,791 | +€16,235 | +1.9% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €817,813 | €829,791 | +€11,978 | +1.5% |
| Distributable reserves | 133 | €817,813 | €829,791 | +€11,978 | +1.5% |
| Profit (loss) carried forward | 14 | -€4,257 | €0 | +€4,257 | |
| Amounts payable | 17/49 | €4,207 | €40,259 | +€36,053 | +857.1% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €2,744 | €38,311 | +€35,568 | +1296.4% |
| Trade debts | 44 | €667 | €465 | -€202 | -30.3% |
| Suppliers | 440/4 | €667 | €465 | -€202 | -30.3% |
| Taxes, remuneration and social security | 45 | €2,077 | €11,847 | +€9,770 | +470.5% |
| Taxes | 450/3 | €2,077 | €11,847 | +€9,770 | +470.5% |
| Other amounts payable | 47/48 | - | €26,000 | +€26,000 | |
| Accrued charges and deferred income | 492/3 | €1,463 | €1,948 | +€485 | +33.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,477 | €2,237 | -€240 | -9.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €14,142 | €0 | -€14,142 | -100.0% |
| Other operating charges | 640/8 | €1,278 | €1,163 | -€115 | -9.0% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | -€23,875 | -€15,282 | +€8,593 | +36.0% |
| Operating profit (loss) | 9901 | -€41,772 | -€18,681 | +€23,091 | +55.3% |
| Financial income | 75/76B | €45,357 | €45,279 | -€77 | -0.2% |
| Recurring financial income | 75 | €45,357 | €45,279 | -€77 | -0.2% |
| Financial charges | 65/66B | €239 | €592 | +€353 | +147.8% |
| Recurring financial charges | 65 | €239 | €592 | +€353 | +147.8% |
| Profit (loss) for the period before taxes | 9903 | €3,346 | €26,006 | +€22,660 | +677.3% |
| Income taxes | 67/77 | €2,076 | €9,771 | +€7,694 | +370.6% |
| Profit (loss) for the period | 9904 | €1,269 | €16,235 | +€14,966 | +1179.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,269 | €16,235 | +€14,966 | +1179.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.