DeltaWorks Management: 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.
DeltaWorks Management
Largest movements
- Cash +€13,210
up €13,210 (+63.9%), from €20,676 to €33,886
mainly Net result for the year (+€30,400) and Short-term financial debts (+€1,826)
- Tangible fixed assets +€8,742
up €8,742 (+466%), from €1,877 to €10,619
of which Furniture and vehicles: +€8,127
- Receivables within one year +€1,752
up €1,752 (+9.3%), from €18,755 to €20,507
of which Trade receivables: +€1,055
- Reserves +€30,400
up €30,400 (+291%), from €10,436 to €40,836
- Trade debts -€5,048
down €5,048 (-47.8%), from €10,552 to €5,504
- Accrued charges and deferred income -€4,628
no longer reported in 2025 (was €4,628)
- Short-term financial debts +€1,826
up €1,826 (+61,074%), from €3 to €1,829
- Gross operating margin +€28,492
up €28,492 (+188%), from €15,192 to €43,684
- Taxes +€5,279
up €5,279 (+150%), from €3,521 to €8,800
- Depreciation +€1,527
up €1,527 (+1,515%), from €101 to €1,628
- Financial charges +€1,489
up €1,489 (+144%), from €1,032 to €2,522
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 | €43,134 | €66,839 | +€23,705 | +55.0% |
| Fixed assets | 21/28 | €1,877 | €10,619 | +€8,742 | +466% |
| Tangible fixed assets | 22/27 | €1,877 | €10,619 | +€8,742 | +466% |
| Plant, machinery and equipment | 23 | €1,877 | €2,493 | +€616 | +32.8% |
| Furniture and vehicles | 24 | - | €8,127 | +€8,127 | |
| Current assets | 29/58 | €41,257 | €56,219 | +€14,963 | +36.3% |
| Amounts receivable within one year | 40/41 | €18,755 | €20,507 | +€1,752 | +9.3% |
| Trade receivables | 40 | €18,755 | €19,810 | +€1,055 | +5.6% |
| Other amounts receivable | 41 | - | €698 | +€698 | |
| Cash at bank and in hand | 54/58 | €20,676 | €33,886 | +€13,210 | +63.9% |
| Deferred charges and accrued income | 490/1 | €1,826 | €1,826 | = | 0.0% |
| Total equity and liabilities | 10/49 | €43,134 | €66,839 | +€23,705 | +55.0% |
| Equity | 10/15 | €15,436 | €45,836 | +€30,400 | +197% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €10,436 | €40,836 | +€30,400 | +291% |
| Distributable reserves | 133 | €10,436 | €40,836 | +€30,400 | +291% |
| Amounts payable | 17/49 | €27,698 | €21,003 | -€6,696 | -24.2% |
| Amounts payable within one year | 42/48 | €23,070 | €21,003 | -€2,067 | -9.0% |
| Financial debts | 43 | €3 | €1,829 | +€1,826 | +61,074% |
| Credit institutions | 430/8 | €3 | €1,829 | +€1,826 | +61,074% |
| Trade debts | 44 | €10,552 | €5,504 | -€5,048 | -47.8% |
| Suppliers | 440/4 | €10,552 | €5,504 | -€5,048 | -47.8% |
| Taxes, remuneration and social security | 45 | €11,987 | €12,561 | +€574 | +4.8% |
| Taxes | 450/3 | €11,987 | €12,561 | +€574 | +4.8% |
| Other amounts payable | 47/48 | €528 | €1,109 | +€581 | +110% |
| Accrued charges and deferred income | 492/3 | €4,628 | - | -€4,628 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €101 | €1,628 | +€1,527 | +1,515% |
| Other operating charges | 640/8 | €102 | €335 | +€233 | +230% |
| Gross operating margin | 9900 | €15,192 | €43,684 | +€28,492 | +188% |
| Operating profit (loss) | 9901 | €14,989 | €41,722 | +€26,732 | +178% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €1,032 | €2,522 | +€1,489 | +144% |
| Recurring financial charges | 65 | €1,032 | €2,522 | +€1,489 | +144% |
| Profit (loss) for the period before taxes | 9903 | €13,957 | €39,200 | +€25,243 | +181% |
| Income taxes | 67/77 | €3,521 | €8,800 | +€5,279 | +150% |
| Profit (loss) for the period | 9904 | €10,436 | €30,400 | +€19,964 | +191% |
| Profit (loss) for the period to be appropriated | 9905 | €10,436 | €30,400 | +€19,964 | +191% |
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 15 October 2026 via checked.be.