Delta-X: 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-X
Largest movements
- Receivables within one year +€62,025
up €62,025 (+205%), from €30,289 to €92,314
of which Other amounts receivable: +€49,438
- Cash -€4,221
down €4,221 (-87.0%), from €4,854 to €632
mainly Receivables within one year (-€62,025) and Contributions, distributions and other (-€18,000)
- Deferred charges and accrued income +€3,018
new in 2024: €3,018
- Tax, wage and social debts +€38,621
up €38,621 (+335%), from €11,521 to €50,141
- Other debts +€18,000
new in 2024: €18,000
- Profit (loss) carried forward +€6,725
up €6,725 (+19.8%), from €34,038 to €40,763
- Trade debts -€3,812
no longer reported in 2024 (was €3,812)
- Other operating charges +€22,396
new in 2024: €22,396
- Gross operating margin +€11,736
up €11,736 (+23.4%), from €50,117 to €61,852
- Financial charges -€2,273
down €2,273 (-82.3%), from €2,762 to €488
- Depreciation +€1,762
up €1,762 (+117%), from €1,510 to €3,272
- Taxes +€975
up €975 (+9.8%), from €10,000 to €10,975
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €49,370 | €108,904 | +€59,534 | +121% |
| Fixed assets | 21/28 | €14,228 | €12,940 | -€1,288 | -9.1% |
| Intangible fixed assets | 21 | €2,439 | €1,919 | -€520 | -21.3% |
| Tangible fixed assets | 22/27 | €8,789 | €8,021 | -€768 | -8.7% |
| Plant, machinery and equipment | 23 | €3,068 | €4,600 | +€1,532 | +49.9% |
| Furniture and vehicles | 24 | €5,722 | €3,422 | -€2,300 | -40.2% |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €35,142 | €95,964 | +€60,822 | +173% |
| Amounts receivable within one year | 40/41 | €30,289 | €92,314 | +€62,025 | +205% |
| Trade receivables | 40 | €22,409 | €34,996 | +€12,587 | +56.2% |
| Other amounts receivable | 41 | €7,880 | €57,318 | +€49,438 | +627% |
| Cash at bank and in hand | 54/58 | €4,854 | €632 | -€4,221 | -87.0% |
| Deferred charges and accrued income | 490/1 | - | €3,018 | +€3,018 | |
| Total equity and liabilities | 10/49 | €49,370 | €108,904 | +€59,534 | +121% |
| Equity | 10/15 | €34,038 | €40,763 | +€6,725 | +19.8% |
| Profit (loss) carried forward | 14 | €34,038 | €40,763 | +€6,725 | +19.8% |
| Amounts payable | 17/49 | €15,333 | €68,141 | +€52,809 | +344% |
| Amounts payable within one year | 42/48 | €15,333 | €68,141 | +€52,809 | +344% |
| Trade debts | 44 | €3,812 | - | -€3,812 | |
| Suppliers | 440/4 | €3,812 | €0 | -€3,812 | -100% |
| Taxes, remuneration and social security | 45 | €11,521 | €50,141 | +€38,621 | +335% |
| Taxes | 450/3 | €11,521 | €50,141 | +€38,621 | +335% |
| Other amounts payable | 47/48 | - | €18,000 | +€18,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,510 | €3,272 | +€1,762 | +117% |
| Other operating charges | 640/8 | - | €22,396 | +€22,396 | |
| Gross operating margin | 9900 | €50,117 | €61,852 | +€11,736 | +23.4% |
| Operating profit (loss) | 9901 | €48,607 | €36,184 | -€12,423 | -25.6% |
| Financial income | 75/76B | €323 | €5 | -€318 | -98.5% |
| Recurring financial income | 75 | €323 | €5 | -€318 | -98.5% |
| Financial charges | 65/66B | €2,762 | €488 | -€2,273 | -82.3% |
| Recurring financial charges | 65 | €2,762 | €488 | -€2,273 | -82.3% |
| Profit (loss) for the period before taxes | 9903 | €46,168 | €35,701 | -€10,467 | -22.7% |
| Income taxes | 67/77 | €10,000 | €10,975 | +€975 | +9.8% |
| Profit (loss) for the period | 9904 | €36,168 | €24,725 | -€11,443 | -31.6% |
| Profit (loss) for the period to be appropriated | 9905 | €36,168 | €24,725 | -€11,443 | -31.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.