Deltamade: 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.
Deltamade
Largest movements
- Tangible fixed assets +€253,164
up €253,164 (+75,727%), from €334 to €253,498
of which Land and buildings: +€252,457
- Receivables within one year +€18,325
up €18,325 (+59.3%), from €30,876 to €49,201
of which Trade receivables: +€22,135
- Cash +€9,723
up €9,723 (+11.1%), from €87,830 to €97,553
mainly Debts after one year (+€183,158) and Net result for the year (+€81,282)
- Debts after one year +€183,158
new in 2025: €183,158
of which Financial debts: +€182,258
- Profit (loss) carried forward +€81,282
up €81,282 (+95.2%), from €85,341 to €166,623
- Tax, wage and social debts +€19,839
up €19,839 (+70.0%), from €28,341 to €48,180
- Accrued charges and deferred income -€9,500
down €9,500 (-100%), from €9,500 to €0
- Current portion of long-term debt +€6,656
new in 2025: €6,656
- Depreciation +€2,715
up €2,715 (+3,553%), from €76 to €2,792
- Financial charges +€2,265
new in 2025: €2,265
- Other operating charges +€1,372
up €1,372 (+1,162%), from €118 to €1,490
- Taxes -€1,318
down €1,318 (-5.8%), from €22,558 to €21,240
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 | €126,541 | €407,824 | +€281,283 | +222% |
| Fixed assets | 21/28 | €334 | €253,498 | +€253,164 | +75,727% |
| Tangible fixed assets | 22/27 | €334 | €253,498 | +€253,164 | +75,727% |
| Land and buildings | 22 | - | €252,457 | +€252,457 | |
| Furniture and vehicles | 24 | €334 | €1,041 | +€707 | +212% |
| Current assets | 29/58 | €126,206 | €154,325 | +€28,119 | +22.3% |
| Amounts receivable after more than one year | 29 | €7,500 | €7,500 | = | 0.0% |
| Other amounts receivable | 291 | €7,500 | €7,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €30,876 | €49,201 | +€18,325 | +59.3% |
| Trade receivables | 40 | €22,990 | €45,125 | +€22,135 | +96.3% |
| Other amounts receivable | 41 | €7,886 | €4,076 | -€3,810 | -48.3% |
| Cash at bank and in hand | 54/58 | €87,830 | €97,553 | +€9,723 | +11.1% |
| Deferred charges and accrued income | 490/1 | - | €71 | +€71 | |
| Total equity and liabilities | 10/49 | €126,541 | €407,824 | +€281,283 | +222% |
| Equity | 10/15 | €86,841 | €168,123 | +€81,282 | +93.6% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €85,341 | €166,623 | +€81,282 | +95.2% |
| Amounts payable | 17/49 | €39,700 | €239,701 | +€200,001 | +504% |
| Amounts payable after more than one year | 17 | - | €183,158 | +€183,158 | |
| Financial debts | 170/4 | - | €182,258 | +€182,258 | |
| Other amounts payable | 178/9 | - | €900 | +€900 | |
| Amounts payable within one year | 42/48 | €30,200 | €56,543 | +€26,343 | +87.2% |
| Current portion of amounts payable after more than one year | 42 | - | €6,656 | +€6,656 | |
| Trade debts | 44 | €1,859 | €908 | -€952 | -51.2% |
| Suppliers | 440/4 | €1,859 | €908 | -€952 | -51.2% |
| Taxes, remuneration and social security | 45 | €28,341 | €48,180 | +€19,839 | +70.0% |
| Taxes | 450/3 | €28,341 | €48,180 | +€19,839 | +70.0% |
| Other amounts payable | 47/48 | - | €800 | +€800 | |
| Accrued charges and deferred income | 492/3 | €9,500 | €0 | -€9,500 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76 | €2,792 | +€2,715 | +3,553% |
| Other operating charges | 640/8 | €118 | €1,490 | +€1,372 | +1,162% |
| Gross operating margin | 9900 | €107,862 | €108,701 | +€840 | +0.8% |
| Operating profit (loss) | 9901 | €107,667 | €104,420 | -€3,247 | -3.0% |
| Financial income | 75/76B | €232 | €368 | +€136 | +58.5% |
| Recurring financial income | 75 | €232 | €368 | +€136 | +58.5% |
| Financial charges | 65/66B | - | €2,265 | +€2,265 | |
| Recurring financial charges | 65 | - | €2,265 | +€2,265 | |
| Profit (loss) for the period before taxes | 9903 | €107,899 | €102,522 | -€5,377 | -5.0% |
| Income taxes | 67/77 | €22,558 | €21,240 | -€1,318 | -5.8% |
| Profit (loss) for the period | 9904 | €85,341 | €81,282 | -€4,059 | -4.8% |
| Profit (loss) for the period to be appropriated | 9905 | €85,341 | €81,282 | -€4,059 | -4.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.