DELTAHOLD: 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.
DELTAHOLD
Largest movements
- Financial fixed assets -€1.9m
down €1.9m (-99.0%), from €1.9m to €19,557
- Tangible fixed assets +€748,477
new in 2025: €748,477
- Intangible fixed assets +€707,919
new in 2025: €707,919
- Receivables within one year +€677,204
up €677,204 (+1,703%), from €39,755 to €716,959
- Stocks and contracts +€522,346
new in 2025: €522,346
- Short-term financial debts +€884,577
up €884,577 (+209,031%), from €423 to €885,000
- Current portion of long-term debt -€800,000
down €800,000 (-100%), from €800,000 to €0
- Reserves +€522,278
new in 2025: €522,278
- Provisions +€197,111
new in 2025: €197,111
- Profit (loss) carried forward -€170,323
down €170,323 (-117%), from -€145,732 to -€316,055
- Depreciation +€97,242
new in 2025: €97,242
- Financial income +€19,582
up €19,582 (+693%), from €2,827 to €22,409
- Other operating charges +€7,810
up €7,810 (+682%), from €1,145 to €8,955
- Gross operating margin -€7,699
down €7,699 (-185%), from -€4,153 to -€11,852
- Financial charges +€7,178
up €7,178 (+9.6%), from €74,479 to €81,657
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 | €1,946,931 | €2,717,915 | +€770,984 | +39.6% |
| Fixed assets | 21/28 | €1,906,085 | €1,475,953 | -€430,132 | -22.6% |
| Intangible fixed assets | 21 | - | €707,919 | +€707,919 | |
| Tangible fixed assets | 22/27 | - | €748,477 | +€748,477 | |
| Land and buildings | 22 | - | €748,477 | +€748,477 | |
| Financial fixed assets | 28 | €1,906,085 | €19,557 | -€1.9m | -99.0% |
| Current assets | 29/58 | €40,847 | €1,241,961 | +€1.2m | +2,941% |
| Stocks and contracts in progress | 3 | - | €522,346 | +€522,346 | |
| Stocks | 30/36 | - | €522,346 | +€522,346 | |
| Amounts receivable within one year | 40/41 | €39,755 | €716,959 | +€677,204 | +1,703% |
| Other amounts receivable | 41 | €39,755 | €716,959 | +€677,204 | +1,703% |
| Cash at bank and in hand | 54/58 | €0 | €2,656 | +€2,656 | |
| Deferred charges and accrued income | 490/1 | €1,091 | €0 | -€1,091 | -100% |
| Total equity and liabilities | 10/49 | €1,946,931 | €2,717,915 | +€770,984 | +39.6% |
| Equity | 10/15 | -€125,272 | €290,759 | +€416,031 | |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Revaluation surpluses | 12 | - | €64,077 | +€64,077 | |
| Reserves | 13 | - | €522,278 | +€522,278 | |
| Tax-exempt reserves | 132 | - | €522,278 | +€522,278 | |
| Profit (loss) carried forward | 14 | -€145,732 | -€316,055 | -€170,323 | -117% |
| Provisions and deferred taxes | 16 | - | €197,111 | +€197,111 | |
| Deferred taxes | 168 | - | €197,111 | +€197,111 | |
| Amounts payable | 17/49 | €2,072,204 | €2,230,044 | +€157,840 | +7.6% |
| Amounts payable after more than one year | 17 | €900,000 | €900,000 | = | 0.0% |
| Financial debts | 170/4 | €900,000 | €900,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,172,204 | €1,330,044 | +€157,840 | +13.5% |
| Current portion of amounts payable after more than one year | 42 | €800,000 | €0 | -€800,000 | -100% |
| Financial debts | 43 | €423 | €885,000 | +€884,577 | +209,031% |
| Credit institutions | 430/8 | €423 | €885,000 | +€884,577 | +209,031% |
| Trade debts | 44 | €3,571 | €3,449 | -€122 | -3.4% |
| Suppliers | 440/4 | €3,571 | €3,449 | -€122 | -3.4% |
| Taxes, remuneration and social security | 45 | - | €11,866 | +€11,866 | |
| Taxes | 450/3 | - | €11,866 | +€11,866 | |
| Other amounts payable | 47/48 | €368,209 | €429,730 | +€61,521 | +16.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €97,242 | +€97,242 | |
| Other operating charges | 640/8 | €1,145 | €8,955 | +€7,810 | +682% |
| Gross operating margin | 9900 | -€4,153 | -€11,852 | -€7,699 | -185% |
| Operating profit (loss) | 9901 | -€5,298 | -€118,048 | -€112,750 | -2,128% |
| Financial income | 75/76B | €2,827 | €22,409 | +€19,582 | +693% |
| Recurring financial income | 75 | €2,827 | €22,409 | +€19,582 | +693% |
| Financial charges | 65/66B | €74,479 | €81,657 | +€7,178 | +9.6% |
| Recurring financial charges | 65 | €74,479 | €81,657 | +€7,178 | +9.6% |
| Profit (loss) for the period before taxes | 9903 | -€76,949 | -€177,297 | -€100,348 | -130% |
| Transfer from deferred taxes | 780 | - | €2,063 | +€2,063 | |
| Profit (loss) for the period | 9904 | -€76,949 | -€175,234 | -€98,285 | -128% |
| Transfer from tax-exempt reserves | 789 | - | €4,911 | +€4,911 | |
| Profit (loss) for the period to be appropriated | 9905 | -€76,949 | -€170,323 | -€93,374 | -121% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.