Deltacon: 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.
Deltacon
Largest movements
- Receivables within one year -€13,598
down €13,598 (-9.4%), from €143,903 to €130,304
of which Trade receivables: -€11,781
- Tangible fixed assets -€4,772
down €4,772 (-4.1%), from €115,051 to €110,280
of which Land and buildings: -€3,465
- Tax, wage and social debts -€15,290
down €15,290 (-58.2%), from €26,269 to €10,979
- Reserves +€9,186
up €9,186 (+9.5%), from €97,177 to €106,362
of which Distributable reserves: +€9,186
- Debts after one year -€7,240
no longer reported in 2025 (was €7,240)
- Current portion of long-term debt -€4,672
down €4,672 (-39.2%), from €11,911 to €7,240
- Gross operating margin -€2,632
down €2,632 (-11.2%), from €23,545 to €20,913
- Financial charges -€1,076
down €1,076 (-51.6%), from €2,085 to €1,009
- Depreciation +€1,051
up €1,051 (+28.3%), from €3,721 to €4,772
- Taxes -€835
down €835 (-15.4%), from €5,432 to €4,597
- Write-downs -€400
no longer reported in 2025 (was €400)
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 | €261,444 | €243,811 | -€17,634 | -6.7% |
| Fixed assets | 21/28 | €115,051 | €110,280 | -€4,772 | -4.1% |
| Tangible fixed assets | 22/27 | €115,051 | €110,280 | -€4,772 | -4.1% |
| Land and buildings | 22 | €110,554 | €107,089 | -€3,465 | -3.1% |
| Plant, machinery and equipment | 23 | €1,858 | €1,431 | -€427 | -23.0% |
| Furniture and vehicles | 24 | €2,640 | €1,760 | -€880 | -33.3% |
| Current assets | 29/58 | €146,393 | €133,531 | -€12,862 | -8.8% |
| Amounts receivable within one year | 40/41 | €143,903 | €130,304 | -€13,598 | -9.4% |
| Trade receivables | 40 | €11,781 | - | -€11,781 | |
| Other amounts receivable | 41 | €132,122 | €130,304 | -€1,817 | -1.4% |
| Cash at bank and in hand | 54/58 | €1,946 | €2,692 | +€746 | +38.4% |
| Deferred charges and accrued income | 490/1 | €545 | €535 | -€10 | -1.8% |
| Total equity and liabilities | 10/49 | €261,444 | €243,811 | -€17,634 | -6.7% |
| Equity | 10/15 | €215,391 | €224,576 | +€9,186 | +4.3% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €97,177 | €106,362 | +€9,186 | +9.5% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | €94,677 | €103,862 | +€9,186 | +9.7% |
| Profit (loss) carried forward | 14 | €93,214 | €93,214 | = | 0.0% |
| Amounts payable | 17/49 | €46,054 | €19,234 | -€26,819 | -58.2% |
| Amounts payable after more than one year | 17 | €7,240 | - | -€7,240 | |
| Financial debts | 170/4 | €7,240 | - | -€7,240 | |
| Amounts payable within one year | 42/48 | €38,814 | €19,234 | -€19,579 | -50.4% |
| Current portion of amounts payable after more than one year | 42 | €11,911 | €7,240 | -€4,672 | -39.2% |
| Trade debts | 44 | €634 | €1,015 | +€382 | +60.2% |
| Suppliers | 440/4 | €634 | €1,015 | +€382 | +60.2% |
| Taxes, remuneration and social security | 45 | €26,269 | €10,979 | -€15,290 | -58.2% |
| Taxes | 450/3 | €26,269 | €10,979 | -€15,290 | -58.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,721 | €4,772 | +€1,051 | +28.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €400 | - | -€400 | |
| Other operating charges | 640/8 | €1,299 | €1,350 | +€50 | +3.9% |
| Gross operating margin | 9900 | €23,545 | €20,913 | -€2,632 | -11.2% |
| Operating profit (loss) | 9901 | €18,125 | €14,791 | -€3,334 | -18.4% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €2,085 | €1,009 | -€1,076 | -51.6% |
| Recurring financial charges | 65 | €2,085 | €1,009 | -€1,076 | -51.6% |
| Profit (loss) for the period before taxes | 9903 | €16,040 | €13,783 | -€2,258 | -14.1% |
| Income taxes | 67/77 | €5,432 | €4,597 | -€835 | -15.4% |
| Profit (loss) for the period | 9904 | €10,608 | €9,186 | -€1,423 | -13.4% |
| Profit (loss) for the period to be appropriated | 9905 | €10,608 | €9,186 | -€1,423 | -13.4% |
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 4 October 2026 via checked.be.