Delta18: 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.
Delta18
Largest movements
- Cash +€20,570
up €20,570 (+65.1%), from €31,585 to €52,155
mainly Net result for the year (+€26,073) and Depreciation (+€1,706)
- Receivables within one year +€2,782
up €2,782 (+25.8%), from €10,773 to €13,555
- Tangible fixed assets +€1,983
up €1,983 (+21.7%), from €9,138 to €11,121
of which Plant, machinery and equipment: +€2,536
- Profit (loss) carried forward +€26,073
up €26,073 (+88.0%), from €29,625 to €55,698
- Tax, wage and social debts +€809
up €809 (+10.8%), from €7,502 to €8,311
- Turnover +€21,104
up €21,104 (+78.1%), from €27,032 to €48,136
- Gross operating margin +€16,443
up €16,443 (+77.3%), from €21,264 to €37,707
- Purchases and services +€4,661
up €4,661 (+80.8%), from €5,768 to €10,429
- Taxes +€3,781
up €3,781 (+70.0%), from €5,400 to €9,181
- Depreciation +€800
up €800 (+88.3%), from €906 to €1,706
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 | €51,988 | €77,783 | +€25,795 | +49.6% |
| Fixed assets | 21/28 | €9,138 | €11,121 | +€1,983 | +21.7% |
| Tangible fixed assets | 22/27 | €9,138 | €11,121 | +€1,983 | +21.7% |
| Plant, machinery and equipment | 23 | €538 | €3,074 | +€2,536 | +471% |
| Furniture and vehicles | 24 | €8,600 | €8,047 | -€553 | -6.4% |
| Current assets | 29/58 | €42,850 | €66,662 | +€23,812 | +55.6% |
| Amounts receivable within one year | 40/41 | €10,773 | €13,555 | +€2,782 | +25.8% |
| Trade receivables | 40 | €10,773 | €13,555 | +€2,782 | +25.8% |
| Cash at bank and in hand | 54/58 | €31,585 | €52,155 | +€20,570 | +65.1% |
| Deferred charges and accrued income | 490/1 | €492 | €952 | +€460 | +93.5% |
| Total equity and liabilities | 10/49 | €51,988 | €77,783 | +€25,795 | +49.6% |
| Equity | 10/15 | €42,685 | €68,758 | +€26,073 | +61.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €6,860 | €6,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,625 | €55,698 | +€26,073 | +88.0% |
| Amounts payable | 17/49 | €9,303 | €9,025 | -€278 | -3.0% |
| Amounts payable within one year | 42/48 | €9,303 | €9,025 | -€278 | -3.0% |
| Financial debts | 43 | €1,328 | €576 | -€752 | -56.6% |
| Other loans | 439 | €1,328 | €576 | -€752 | -56.6% |
| Trade debts | 44 | €473 | €138 | -€335 | -70.8% |
| Suppliers | 440/4 | €473 | €138 | -€335 | -70.8% |
| Taxes, remuneration and social security | 45 | €7,502 | €8,311 | +€809 | +10.8% |
| Taxes | 450/3 | €7,502 | €8,311 | +€809 | +10.8% |
| Turnover | 70 | €27,032 | €48,136 | +€21,104 | +78.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €5,768 | €10,429 | +€4,661 | +80.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €906 | €1,706 | +€800 | +88.3% |
| Other operating charges | 640/8 | €588 | €592 | +€4 | +0.7% |
| Gross operating margin | 9900 | €21,264 | €37,707 | +€16,443 | +77.3% |
| Operating profit (loss) | 9901 | €19,770 | €35,409 | +€15,639 | +79.1% |
| Financial charges | 65/66B | €155 | €155 | = | 0.0% |
| Recurring financial charges | 65 | €155 | €155 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €19,615 | €35,254 | +€15,639 | +79.7% |
| Income taxes | 67/77 | €5,400 | €9,181 | +€3,781 | +70.0% |
| Profit (loss) for the period | 9904 | €14,215 | €26,073 | +€11,858 | +83.4% |
| Profit (loss) for the period to be appropriated | 9905 | €14,215 | €26,073 | +€11,858 | +83.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.