Deltakappa: 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.
Deltakappa
Largest movements
- Stocks and contracts -€3,314
no longer reported in 2025 (was €3,314)
- Receivables within one year -€1,802
no longer reported in 2025 (was €1,802)
- Tangible fixed assets -€737
down €737 (-40.0%), from €1,842 to €1,105
of which Plant, machinery and equipment: -€370
- Cash -€597
no longer reported in 2025 (was €597)
mainly Debts after one year (-€15,120) and Net result for the year (-€6,363)
- Other debts +€16,401
up €16,401 (+971.3%), from €1,688 to €18,089
- Debts after one year -€15,120
no longer reported in 2025 (was €15,120)
- Profit (loss) carried forward -€6,363
down €6,363 (-21.8%), from -€29,232 to -€35,595
- Trade debts -€1,161
no longer reported in 2025 (was €1,161)
- Tax, wage and social debts -€218
no longer reported in 2025 (was €218)
- Gross operating margin +€459
up €459 (+26.5%), from -€1,729 to -€1,270
- Financial charges -€223
down €223 (-78.4%), from €285 to €62
- Other operating charges -€42
down €42 (-4.1%), from €1,021 to €980
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 | €7,555 | €1,105 | -€6,451 | -85.4% |
| Fixed assets | 21/28 | €1,842 | €1,105 | -€737 | -40.0% |
| Tangible fixed assets | 22/27 | €1,842 | €1,105 | -€737 | -40.0% |
| Plant, machinery and equipment | 23 | €370 | - | -€370 | |
| Other tangible fixed assets | 26 | €1,472 | €1,105 | -€367 | -25.0% |
| Current assets | 29/58 | €5,713 | - | -€5,713 | |
| Stocks and contracts in progress | 3 | €3,314 | - | -€3,314 | |
| Stocks | 30/36 | €3,314 | - | -€3,314 | |
| Amounts receivable within one year | 40/41 | €1,802 | - | -€1,802 | |
| Trade receivables | 40 | €1,802 | - | -€1,802 | |
| Cash at bank and in hand | 54/58 | €597 | - | -€597 | |
| Total equity and liabilities | 10/49 | €7,555 | €1,105 | -€6,451 | -85.4% |
| Equity | 10/15 | -€10,632 | -€16,995 | -€6,363 | -59.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€29,232 | -€35,595 | -€6,363 | -21.8% |
| Amounts payable | 17/49 | €18,187 | €18,100 | -€88 | -0.5% |
| Amounts payable after more than one year | 17 | €15,120 | - | -€15,120 | |
| Financial debts | 170/4 | €15,120 | - | -€15,120 | |
| Amounts payable within one year | 42/48 | €3,067 | €18,100 | +€15,033 | +490.2% |
| Financial debts | 43 | - | €10 | +€10 | |
| Credit institutions | 430/8 | - | €10 | +€10 | |
| Trade debts | 44 | €1,161 | - | -€1,161 | |
| Suppliers | 440/4 | €1,161 | - | -€1,161 | |
| Taxes, remuneration and social security | 45 | €218 | - | -€218 | |
| Taxes | 450/3 | €218 | - | -€218 | |
| Other amounts payable | 47/48 | €1,688 | €18,089 | +€16,401 | +971.3% |
| Non-recurring operating income | 76A | €1,862 | - | -€1,862 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €737 | €737 | = | 0.0% |
| Other operating charges | 640/8 | €1,021 | €980 | -€42 | -4.1% |
| Non-recurring operating charges | 66A | €1,602 | €3,314 | +€1,713 | +106.9% |
| Gross operating margin | 9900 | -€1,729 | -€1,270 | +€459 | +26.5% |
| Operating profit (loss) | 9901 | -€5,089 | -€6,302 | -€1,212 | -23.8% |
| Financial charges | 65/66B | €285 | €62 | -€223 | -78.4% |
| Recurring financial charges | 65 | €285 | €62 | -€223 | -78.4% |
| Profit (loss) for the period before taxes | 9903 | -€5,374 | -€6,363 | -€989 | -18.4% |
| Profit (loss) for the period | 9904 | -€5,374 | -€6,363 | -€989 | -18.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,374 | -€6,363 | -€989 | -18.4% |
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 3 October 2026 via checked.be.