DELTENRE: 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.
DELTENRE
Largest movements
- Receivables within one year +€456,817
up €456,817 (+9136.3%), from €5,000 to €461,817
- Financial fixed assets -€300,000
no longer reported in 2025 (was €300,000)
- Tangible fixed assets -€140,323
down €140,323 (-60.3%), from €232,682 to €92,359
of which Land and buildings: -€140,323
- Cash +€135,190
up €135,190 (+1167.7%), from €11,577 to €146,768
- Reserves +€150,000
up €150,000 (+32.9%), from €455,459 to €605,459
- Other debts -€64,482
down €64,482 (-73.1%), from €88,232 to €23,750
- Profit (loss) carried forward +€60,104
up €60,104, from -€19,178 to €40,927
- Financial income +€25,132
up €25,132 (+569896.8%), from €4 to €25,137
- Gross operating margin -€15,013
down €15,013, from €576 to -€14,436
- Depreciation -€14,062
no longer reported in 2025 (was €14,062)
- Other operating charges -€4,096
down €4,096 (-75.6%), from €5,420 to €1,324
- Taxes -€1,500
down €1,500, from €0 to -€1,500
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €549,259 | €700,944 | +€151,685 | +27.6% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €532,682 | €92,359 | -€440,323 | -82.7% |
| Tangible fixed assets | 22/27 | €232,682 | €92,359 | -€140,323 | -60.3% |
| Land and buildings | 22 | €232,682 | €92,359 | -€140,323 | -60.3% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €300,000 | - | -€300,000 | |
| Current assets | 29/58 | €16,577 | €608,585 | +€592,008 | +3571.2% |
| Amounts receivable within one year | 40/41 | €5,000 | €461,817 | +€456,817 | +9136.3% |
| Other amounts receivable | 41 | €5,000 | €461,817 | +€456,817 | +9136.3% |
| Cash at bank and in hand | 54/58 | €11,577 | €146,768 | +€135,190 | +1167.7% |
| Total equity and liabilities | 10/49 | €549,259 | €700,944 | +€151,685 | +27.6% |
| Equity | 10/15 | €445,577 | €655,682 | +€210,104 | +47.2% |
| Contributions | 10/11 | €9,296 | €9,296 | = | 0.0% |
| Reserves | 13 | €455,459 | €605,459 | +€150,000 | +32.9% |
| Distributable reserves | 133 | €455,459 | €605,459 | +€150,000 | +32.9% |
| Profit (loss) carried forward | 14 | -€19,178 | €40,927 | +€60,104 | |
| Amounts payable | 17/49 | €103,682 | €45,262 | -€58,420 | -56.3% |
| Amounts payable within one year | 42/48 | €103,682 | €45,262 | -€58,420 | -56.3% |
| Trade debts | 44 | €950 | €12 | -€938 | -98.7% |
| Suppliers | 440/4 | €950 | €12 | -€938 | -98.7% |
| Taxes, remuneration and social security | 45 | €14,500 | €21,500 | +€7,000 | +48.3% |
| Taxes | 450/3 | €11,400 | €21,500 | +€10,100 | +88.6% |
| Remuneration and social security | 454/9 | €3,100 | - | -€3,100 | |
| Other amounts payable | 47/48 | €88,232 | €23,750 | -€64,482 | -73.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,062 | - | -€14,062 | |
| Other operating charges | 640/8 | €5,420 | €1,324 | -€4,096 | -75.6% |
| Gross operating margin | 9900 | €576 | -€14,436 | -€15,013 | |
| Operating profit (loss) | 9901 | -€18,906 | -€15,760 | +€3,146 | +16.6% |
| Financial income | 75/76B | €4 | €25,137 | +€25,132 | +569896.8% |
| Recurring financial income | 75 | €4 | €25,137 | +€25,132 | +569896.8% |
| Financial charges | 65/66B | €489 | €1,404 | +€915 | +187.0% |
| Recurring financial charges | 65 | €489 | €1,404 | +€915 | +187.0% |
| Profit (loss) for the period before taxes | 9903 | -€19,391 | €7,973 | +€27,363 | |
| Income taxes | 67/77 | €0 | -€1,500 | -€1,500 | |
| Profit (loss) for the period | 9904 | -€19,391 | €9,473 | +€28,863 | |
| Profit (loss) for the period to be appropriated | 9905 | -€19,391 | €9,473 | +€28,863 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.