Deltago: 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.
Deltago
Largest movements
- Receivables within one year -€22,645
down €22,645 (-45.0%), from €50,358 to €27,713
of which Trade receivables: -€18,000
- Cash +€19,283
up €19,283 (+61.0%), from €31,606 to €50,888
mainly Net result for the year (+€29,366) and Receivables within one year (+€22,645)
- Tangible fixed assets +€4,299
up €4,299 (+302.4%), from €1,421 to €5,720
of which Furniture and vehicles: +€4,727
- Profit (loss) carried forward +€29,366
up €29,366 (+60.7%), from €48,385 to €77,750
- Other debts -€27,745
down €27,745 (-100.0%), from €27,745 to €0
- Gross operating margin +€5,192
up €5,192 (+15.5%), from €33,538 to €38,729
- Financial charges -€1,376
down €1,376, from €944 to -€433
- Taxes +€1,028
up €1,028 (+15.5%), from €6,635 to €7,663
- Depreciation +€828
up €828 (+193.4%), from €428 to €1,256
- Other operating charges +€807
up €807 (+1153.3%), from €70 to €877
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 | €83,385 | €84,321 | +€936 | +1.1% |
| Fixed assets | 21/28 | €1,421 | €5,720 | +€4,299 | +302.4% |
| Tangible fixed assets | 22/27 | €1,421 | €5,720 | +€4,299 | +302.4% |
| Furniture and vehicles | 24 | - | €4,727 | +€4,727 | |
| Other tangible fixed assets | 26 | €1,421 | €993 | -€428 | -30.1% |
| Current assets | 29/58 | €81,964 | €78,601 | -€3,363 | -4.1% |
| Amounts receivable within one year | 40/41 | €50,358 | €27,713 | -€22,645 | -45.0% |
| Trade receivables | 40 | €39,780 | €21,780 | -€18,000 | -45.2% |
| Other amounts receivable | 41 | €10,578 | €5,933 | -€4,645 | -43.9% |
| Cash at bank and in hand | 54/58 | €31,606 | €50,888 | +€19,283 | +61.0% |
| Total equity and liabilities | 10/49 | €83,385 | €84,321 | +€936 | +1.1% |
| Equity | 10/15 | €50,885 | €80,250 | +€29,366 | +57.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €48,385 | €77,750 | +€29,366 | +60.7% |
| Amounts payable | 17/49 | €32,500 | €4,071 | -€28,429 | -87.5% |
| Amounts payable within one year | 42/48 | €32,500 | €4,071 | -€28,429 | -87.5% |
| Current portion of amounts payable after more than one year | 42 | €729 | €0 | -€729 | -100.0% |
| Trade debts | 44 | €388 | €707 | +€318 | +82.0% |
| Suppliers | 440/4 | €388 | €707 | +€318 | +82.0% |
| Taxes, remuneration and social security | 45 | €3,638 | €3,364 | -€274 | -7.5% |
| Taxes | 450/3 | €3,638 | €3,364 | -€274 | -7.5% |
| Other amounts payable | 47/48 | €27,745 | €0 | -€27,745 | -100.0% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €428 | €1,256 | +€828 | +193.4% |
| Other operating charges | 640/8 | €70 | €877 | +€807 | +1153.3% |
| Gross operating margin | 9900 | €33,538 | €38,729 | +€5,192 | +15.5% |
| Operating profit (loss) | 9901 | €33,040 | €36,596 | +€3,556 | +10.8% |
| Financial charges | 65/66B | €944 | -€433 | -€1,376 | |
| Recurring financial charges | 65 | €944 | -€433 | -€1,376 | |
| Profit (loss) for the period before taxes | 9903 | €32,096 | €37,029 | +€4,933 | +15.4% |
| Income taxes | 67/77 | €6,635 | €7,663 | +€1,028 | +15.5% |
| Profit (loss) for the period | 9904 | €25,461 | €29,366 | +€3,905 | +15.3% |
| Profit (loss) for the period to be appropriated | 9905 | €25,461 | €29,366 | +€3,905 | +15.3% |
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 29 September 2026 via checked.be.