DELTARACK: 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.
DELTARACK
Largest movements
- Cash +€112,079
up €112,079 (+107%), from €104,976 to €217,055
mainly Net result for the year (+€189,705) and Depreciation (+€146,619)
- Tangible fixed assets -€103,233
down €103,233 (-22.9%), from €450,369 to €347,136
of which Leasing and similar rights: -€57,220
- Deferred charges and accrued income +€39,787
up €39,787 (+415%), from €9,594 to €49,381
- Receivables within one year -€29,468
down €29,468 (-12.3%), from €240,272 to €210,804
of which Other amounts receivable: -€15,605
- Intangible fixed assets -€24,536
down €24,536 (-22.1%), from €110,952 to €86,416
- Profit (loss) carried forward +€189,705
up €189,705 (+54.3%), from €349,052 to €538,757
- Other debts -€158,289
down €158,289 (-55.4%), from €285,940 to €127,650
- Debts after one year -€81,018
down €81,018 (-15.2%), from €533,360 to €452,342
- Trade debts +€22,950
up €22,950 (+77.7%), from €29,519 to €52,468
- Gross operating margin +€138,043
up €138,043 (+47.3%), from €291,946 to €429,988
- Taxes +€25,972
up €25,972 (+23,010%), from €113 to €26,084
- Staff costs +€15,908
up €15,908 (+52.7%), from €30,184 to €46,092
- Other operating charges -€6,642
down €6,642 (-80.8%), from €8,217 to €1,576
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 | €1,344,851 | €1,335,844 | -€9,007 | -0.7% |
| Fixed assets | 21/28 | €561,322 | €433,552 | -€127,769 | -22.8% |
| Intangible fixed assets | 21 | €110,952 | €86,416 | -€24,536 | -22.1% |
| Tangible fixed assets | 22/27 | €450,369 | €347,136 | -€103,233 | -22.9% |
| Plant, machinery and equipment | 23 | €130,197 | €105,752 | -€24,445 | -18.8% |
| Furniture and vehicles | 24 | €4,005 | €1,315 | -€2,690 | -67.2% |
| Leasing and similar rights | 25 | €207,654 | €150,434 | -€57,220 | -27.6% |
| Other tangible fixed assets | 26 | €108,513 | €89,634 | -€18,878 | -17.4% |
| Current assets | 29/58 | €783,529 | €902,292 | +€118,763 | +15.2% |
| Stocks and contracts in progress | 3 | €428,688 | €425,051 | -€3,636 | -0.8% |
| Stocks | 30/36 | €428,688 | €425,051 | -€3,636 | -0.8% |
| Amounts receivable within one year | 40/41 | €240,272 | €210,804 | -€29,468 | -12.3% |
| Trade receivables | 40 | €199,707 | €185,845 | -€13,862 | -6.9% |
| Other amounts receivable | 41 | €40,565 | €24,959 | -€15,605 | -38.5% |
| Cash at bank and in hand | 54/58 | €104,976 | €217,055 | +€112,079 | +107% |
| Deferred charges and accrued income | 490/1 | €9,594 | €49,381 | +€39,787 | +415% |
| Total equity and liabilities | 10/49 | €1,344,851 | €1,335,844 | -€9,007 | -0.7% |
| Equity | 10/15 | €411,552 | €601,257 | +€189,705 | +46.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €42,500 | €42,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €40,500 | €40,500 | = | 0.0% |
| Distributable reserves | 133 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €349,052 | €538,757 | +€189,705 | +54.3% |
| Amounts payable | 17/49 | €933,298 | €734,587 | -€198,711 | -21.3% |
| Amounts payable after more than one year | 17 | €533,360 | €452,342 | -€81,018 | -15.2% |
| Financial debts | 170/4 | €533,360 | €452,342 | -€81,018 | -15.2% |
| Amounts payable within one year | 42/48 | €399,939 | €282,245 | -€117,694 | -29.4% |
| Current portion of amounts payable after more than one year | 42 | €80,607 | €83,548 | +€2,940 | +3.6% |
| Trade debts | 44 | €29,519 | €52,468 | +€22,950 | +77.7% |
| Suppliers | 440/4 | €29,519 | €52,468 | +€22,950 | +77.7% |
| Advances received on contracts in progress | 46 | - | €8,539 | +€8,539 | |
| Taxes, remuneration and social security | 45 | €3,873 | €10,039 | +€6,166 | +159% |
| Taxes | 450/3 | €222 | €4,614 | +€4,391 | +1,977% |
| Remuneration and social security | 454/9 | €3,651 | €5,426 | +€1,775 | +48.6% |
| Other amounts payable | 47/48 | €285,940 | €127,650 | -€158,289 | -55.4% |
| Remuneration, social security and pensions | 62 | €30,184 | €46,092 | +€15,908 | +52.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €147,327 | €146,619 | -€708 | -0.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €8,217 | €1,576 | -€6,642 | -80.8% |
| Gross operating margin | 9900 | €291,946 | €429,988 | +€138,043 | +47.3% |
| Operating profit (loss) | 9901 | €106,217 | €235,701 | +€129,484 | +122% |
| Financial income | 75/76B | €1,989 | €1,166 | -€823 | -41.4% |
| Recurring financial income | 75 | €1,989 | €1,166 | -€823 | -41.4% |
| Financial charges | 65/66B | €19,577 | €21,078 | +€1,501 | +7.7% |
| Recurring financial charges | 65 | €19,577 | €21,078 | +€1,501 | +7.7% |
| Profit (loss) for the period before taxes | 9903 | €88,629 | €215,789 | +€127,160 | +143% |
| Income taxes | 67/77 | €113 | €26,084 | +€25,972 | +23,010% |
| Profit (loss) for the period | 9904 | €88,516 | €189,705 | +€101,188 | +114% |
| Profit (loss) for the period to be appropriated | 9905 | €88,516 | €189,705 | +€101,188 | +114% |
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 18 October 2026 via checked.be.