DELTANG: 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.
DELTANG
Largest movements
- Tangible fixed assets +€198,138
up €198,138 (+6112.9%), from €3,241 to €201,379
of which Land and buildings: +€198,779
- Receivables within one year -€17,933
down €17,933 (-82.6%), from €21,698 to €3,765
of which Trade receivables: -€12,637
- Cash -€5,391
down €5,391 (-27.5%), from €19,569 to €14,178
mainly Investment in fixed assets (net) (-€206,408) and Trade debts (-€3,411)
- Debts after one year +€159,162
new in 2025: €159,162
- Current portion of long-term debt +€12,964
up €12,964, from €0 to €12,964
- Other debts +€7,454
up €7,454 (+4232.5%), from €176 to €7,630
- Trade debts -€3,411
down €3,411 (-48.2%), from €7,083 to €3,672
- Gross operating margin +€9,213
up €9,213 (+72.0%), from €12,795 to €22,008
- Financial charges +€6,608
up €6,608 (+328.4%), from €2,012 to €8,620
- Depreciation +€5,374
up €5,374 (+185.5%), from €2,897 to €8,271
- Other operating charges -€1,574
down €1,574 (-42.5%), from €3,701 to €2,126
- Taxes -€273
down €273 (-9.5%), from €2,863 to €2,590
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 | €47,972 | €223,501 | +€175,529 | +365.9% |
| Fixed assets | 21/28 | €3,791 | €201,929 | +€198,138 | +5226.1% |
| Tangible fixed assets | 22/27 | €3,241 | €201,379 | +€198,138 | +6112.9% |
| Land and buildings | 22 | - | €198,779 | +€198,779 | |
| Plant, machinery and equipment | 23 | €1,459 | €1,011 | -€448 | -30.7% |
| Furniture and vehicles | 24 | €495 | €853 | +€358 | +72.3% |
| Other tangible fixed assets | 26 | €1,288 | €736 | -€551 | -42.8% |
| Financial fixed assets | 28 | €550 | €550 | = | 0.0% |
| Current assets | 29/58 | €44,181 | €21,572 | -€22,609 | -51.2% |
| Stocks and contracts in progress | 3 | €2,571 | €2,858 | +€287 | +11.2% |
| Stocks | 30/36 | €2,571 | €2,858 | +€287 | +11.2% |
| Amounts receivable within one year | 40/41 | €21,698 | €3,765 | -€17,933 | -82.6% |
| Trade receivables | 40 | €16,146 | €3,508 | -€12,637 | -78.3% |
| Other amounts receivable | 41 | €5,552 | €257 | -€5,296 | -95.4% |
| Cash at bank and in hand | 54/58 | €19,569 | €14,178 | -€5,391 | -27.5% |
| Deferred charges and accrued income | 490/1 | €343 | €771 | +€428 | +124.6% |
| Total equity and liabilities | 10/49 | €47,972 | €223,501 | +€175,529 | +365.9% |
| Equity | 10/15 | €34,636 | €33,954 | -€682 | -2.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,436 | €27,754 | -€682 | -2.4% |
| Amounts payable | 17/49 | €13,336 | €189,547 | +€176,211 | +1321.3% |
| Amounts payable after more than one year | 17 | - | €159,162 | +€159,162 | |
| Financial debts | 170/4 | - | €159,162 | +€159,162 | |
| Amounts payable within one year | 42/48 | €13,336 | €30,022 | +€16,686 | +125.1% |
| Current portion of amounts payable after more than one year | 42 | €0 | €12,964 | +€12,964 | |
| Trade debts | 44 | €7,083 | €3,672 | -€3,411 | -48.2% |
| Suppliers | 440/4 | €7,083 | €3,672 | -€3,411 | -48.2% |
| Taxes, remuneration and social security | 45 | €6,077 | €5,756 | -€321 | -5.3% |
| Taxes | 450/3 | €3,677 | €3,356 | -€321 | -8.7% |
| Remuneration and social security | 454/9 | €2,400 | €2,400 | = | 0.0% |
| Other amounts payable | 47/48 | €176 | €7,630 | +€7,454 | +4232.5% |
| Accrued charges and deferred income | 492/3 | €0 | €364 | +€364 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,897 | €8,271 | +€5,374 | +185.5% |
| Other operating charges | 640/8 | €3,701 | €2,126 | -€1,574 | -42.5% |
| Gross operating margin | 9900 | €12,795 | €22,008 | +€9,213 | +72.0% |
| Operating profit (loss) | 9901 | €6,198 | €11,611 | +€5,413 | +87.3% |
| Financial income | 75/76B | €22 | €202 | +€180 | +831.4% |
| Recurring financial income | 75 | €22 | €202 | +€180 | +831.4% |
| Financial charges | 65/66B | €2,012 | €8,620 | +€6,608 | +328.4% |
| Recurring financial charges | 65 | €2,012 | €8,620 | +€6,608 | +328.4% |
| Profit (loss) for the period before taxes | 9903 | €4,207 | €3,193 | -€1,014 | -24.1% |
| Income taxes | 67/77 | €2,863 | €2,590 | -€273 | -9.5% |
| Profit (loss) for the period | 9904 | €1,344 | €603 | -€741 | -55.1% |
| Profit (loss) for the period to be appropriated | 9905 | €1,344 | €603 | -€741 | -55.1% |
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 6 October 2026 via checked.be.