DELTAL: 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.
DELTAL
Largest movements
- Tangible fixed assets +€1.0m
up €1.0m (+29.5%), from €3.6m to €4.6m
of which Land and buildings: +€1.0m
- Receivables within one year +€132,991
up €132,991, from €0 to €132,991
of which Other amounts receivable: +€88,101
- Cash -€60,854
down €60,854 (-10.8%), from €561,362 to €500,508
mainly Investment in fixed assets (net) (-€1.3m) and Receivables within one year (-€132,991)
- Debts after one year +€687,388
up €687,388 (+37.9%), from €1.8m to €2.5m
- Reserves +€409,610
up €409,610 (+20.4%), from €2.0m to €2.4m
of which Distributable reserves: +€312,819
- Other debts -€82,799
down €82,799 (-100.0%), from €82,799 to €0
- Current portion of long-term debt +€80,949
up €80,949 (+41.4%), from €195,315 to €276,263
- Gross operating margin +€142,571
up €142,571 (+17.6%), from €809,789 to €952,360
- Depreciation +€113,429
up €113,429 (+84.9%), from €133,555 to €246,984
- Taxes +€36,165
up €36,165 (+21.0%), from €171,818 to €207,982
- Financial charges -€10,191
down €10,191 (-11.2%), from €91,331 to €81,141
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 | €4,250,919 | €5,393,868 | +€1.1m | +26.9% |
| Fixed assets | 21/28 | €3,558,449 | €4,607,592 | +€1.0m | +29.5% |
| Tangible fixed assets | 22/27 | €3,558,449 | €4,607,592 | +€1.0m | +29.5% |
| Land and buildings | 22 | €3,525,062 | €4,561,167 | +€1.0m | +29.4% |
| Plant, machinery and equipment | 23 | - | €9,932 | +€9,932 | |
| Furniture and vehicles | 24 | €33,387 | €36,493 | +€3,106 | +9.3% |
| Current assets | 29/58 | €692,470 | €786,276 | +€93,806 | +13.5% |
| Amounts receivable after more than one year | 29 | €100,000 | €100,000 | = | 0.0% |
| Other amounts receivable | 291 | €100,000 | €100,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €0 | €132,991 | +€132,991 | |
| Trade receivables | 40 | - | €44,890 | +€44,890 | |
| Other amounts receivable | 41 | €0 | €88,101 | +€88,101 | |
| Current investments | 50/53 | - | €46,000 | +€46,000 | |
| Cash at bank and in hand | 54/58 | €561,362 | €500,508 | -€60,854 | -10.8% |
| Deferred charges and accrued income | 490/1 | €31,109 | €6,777 | -€24,332 | -78.2% |
| Total equity and liabilities | 10/49 | €4,250,919 | €5,393,868 | +€1.1m | +26.9% |
| Equity | 10/15 | €2,020,213 | €2,429,823 | +€409,610 | +20.3% |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Reserves | 13 | €2,008,213 | €2,417,823 | +€409,610 | +20.4% |
| Tax-exempt reserves | 132 | €249,971 | €346,762 | +€96,791 | +38.7% |
| Distributable reserves | 133 | €1,758,242 | €2,071,062 | +€312,819 | +17.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €32,804 | €31,387 | -€1,416 | -4.3% |
| Deferred taxes | 168 | €32,804 | €31,387 | -€1,416 | -4.3% |
| Amounts payable | 17/49 | €2,197,903 | €2,932,658 | +€734,755 | +33.4% |
| Amounts payable after more than one year | 17 | €1,812,951 | €2,500,339 | +€687,388 | +37.9% |
| Financial debts | 170/4 | €1,812,951 | €2,500,339 | +€687,388 | +37.9% |
| Amounts payable within one year | 42/48 | €384,952 | €432,319 | +€47,367 | +12.3% |
| Current portion of amounts payable after more than one year | 42 | €195,315 | €276,263 | +€80,949 | +41.4% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €2,382 | €41,006 | +€38,624 | +1621.2% |
| Suppliers | 440/4 | €2,382 | €41,006 | +€38,624 | +1621.2% |
| Taxes, remuneration and social security | 45 | €104,455 | €115,049 | +€10,594 | +10.1% |
| Taxes | 450/3 | €104,455 | €115,049 | +€10,594 | +10.1% |
| Other amounts payable | 47/48 | €82,799 | €0 | -€82,799 | -100.0% |
| Non-recurring operating income | 76A | - | €65,791 | +€65,791 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €133,555 | €246,984 | +€113,429 | +84.9% |
| Other operating charges | 640/8 | €7,432 | €14,128 | +€6,696 | +90.1% |
| Gross operating margin | 9900 | €809,789 | €952,360 | +€142,571 | +17.6% |
| Operating profit (loss) | 9901 | €668,802 | €691,248 | +€22,446 | +3.4% |
| Financial income | 75/76B | €4,855 | €6,069 | +€1,214 | +25.0% |
| Recurring financial income | 75 | €4,855 | €6,069 | +€1,214 | +25.0% |
| Financial charges | 65/66B | €91,331 | €81,141 | -€10,191 | -11.2% |
| Recurring financial charges | 65 | €91,331 | €81,141 | -€10,191 | -11.2% |
| Profit (loss) for the period before taxes | 9903 | €582,325 | €616,176 | +€33,851 | +5.8% |
| Transfer from deferred taxes | 780 | €1,416 | €1,416 | = | 0.0% |
| Income taxes | 67/77 | €171,818 | €207,982 | +€36,165 | +21.0% |
| Profit (loss) for the period | 9904 | €411,924 | €409,610 | -€2,314 | -0.6% |
| Transfer from tax-exempt reserves | 789 | €4,249 | €4,249 | +€0 | 0.0% |
| Transfer to tax-exempt reserves | 689 | €151,560 | €101,040 | -€50,520 | -33.3% |
| Profit (loss) for the period to be appropriated | 9905 | €264,613 | €312,819 | +€48,206 | +18.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.