DELTERRA: 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.
DELTERRA
Largest movements
- Tangible fixed assets +€137,739
up €137,739 (+6141.1%), from €2,243 to €139,982
of which Furniture and vehicles: +€125,381
- Stocks and contracts -€86,856
no longer reported in 2025 (was €86,856)
- Receivables within one year +€40,345
up €40,345 (+456.9%), from €8,829 to €49,174
of which Other amounts receivable: +€25,990
- Cash -€9,136
down €9,136 (-62.1%), from €14,718 to €5,582
mainly Investment in fixed assets (net) (-€146,282) and Trade debts (-€40,595)
- Contributions +€43,000
up €43,000 (+2150.0%), from €2,000 to €45,000
- Trade debts -€40,595
down €40,595 (-46.5%), from €87,368 to €46,773
- Debts after one year +€25,377
new in 2025: €25,377
- Other debts +€22,511
up €22,511 (+1680.7%), from €1,339 to €23,850
- Profit (loss) carried forward +€19,060
up €19,060 (+121.8%), from €15,644 to €34,704
- Gross operating margin +€23,905
up €23,905 (+107.8%), from €22,172 to €46,077
- Depreciation +€8,059
up €8,059 (+1663.8%), from €484 to €8,543
- Provisions +€7,330
new in 2025: €7,330
- Taxes +€6,486
up €6,486 (+159.5%), from €4,067 to €10,553
- Staff costs -€1,394
no longer reported in 2025 (was €1,394)
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 | €113,195 | €194,789 | +€81,594 | +72.1% |
| Fixed assets | 21/28 | €2,243 | €139,982 | +€137,739 | +6141.1% |
| Tangible fixed assets | 22/27 | €2,243 | €139,982 | +€137,739 | +6141.1% |
| Plant, machinery and equipment | 23 | €2,243 | €14,601 | +€12,358 | +551.0% |
| Furniture and vehicles | 24 | - | €125,381 | +€125,381 | |
| Current assets | 29/58 | €110,953 | €54,807 | -€56,146 | -50.6% |
| Stocks and contracts in progress | 3 | €86,856 | - | -€86,856 | |
| Stocks | 30/36 | €86,856 | - | -€86,856 | |
| Amounts receivable within one year | 40/41 | €8,829 | €49,174 | +€40,345 | +456.9% |
| Trade receivables | 40 | €8,092 | €22,447 | +€14,355 | +177.4% |
| Other amounts receivable | 41 | €737 | €26,727 | +€25,990 | +3524.9% |
| Cash at bank and in hand | 54/58 | €14,718 | €5,582 | -€9,136 | -62.1% |
| Deferred charges and accrued income | 490/1 | €550 | €51 | -€499 | -90.7% |
| Total equity and liabilities | 10/49 | €113,195 | €194,789 | +€81,594 | +72.1% |
| Equity | 10/15 | €17,644 | €79,704 | +€62,060 | +351.7% |
| Contributions | 10/11 | €2,000 | €45,000 | +€43,000 | +2150.0% |
| Outside capital | 11 | - | €45,000 | +€45,000 | |
| Other | 1109/19 | - | €45,000 | +€45,000 | |
| Profit (loss) carried forward | 14 | €15,644 | €34,704 | +€19,060 | +121.8% |
| Provisions and deferred taxes | 16 | - | €7,330 | +€7,330 | |
| Provisions for liabilities and charges | 160/5 | - | €7,330 | +€7,330 | |
| Pensions and similar obligations | 160 | - | €7,330 | +€7,330 | |
| Amounts payable | 17/49 | €95,552 | €107,755 | +€12,203 | +12.8% |
| Amounts payable after more than one year | 17 | - | €25,377 | +€25,377 | |
| Financial debts | 170/4 | - | €25,377 | +€25,377 | |
| Amounts payable within one year | 42/48 | €95,552 | €82,378 | -€13,174 | -13.8% |
| Current portion of amounts payable after more than one year | 42 | - | €3,500 | +€3,500 | |
| Trade debts | 44 | €87,368 | €46,773 | -€40,595 | -46.5% |
| Suppliers | 440/4 | €87,368 | €46,773 | -€40,595 | -46.5% |
| Taxes, remuneration and social security | 45 | €6,845 | €8,255 | +€1,410 | +20.6% |
| Taxes | 450/3 | €4,672 | €7,070 | +€2,398 | +51.3% |
| Remuneration and social security | 454/9 | €2,173 | €1,185 | -€988 | -45.5% |
| Other amounts payable | 47/48 | €1,339 | €23,850 | +€22,511 | +1680.7% |
| Remuneration, social security and pensions | 62 | €1,394 | - | -€1,394 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €484 | €8,543 | +€8,059 | +1663.8% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €7,330 | +€7,330 | |
| Other operating charges | 640/8 | €573 | €1,147 | +€574 | +100.2% |
| Gross operating margin | 9900 | €22,172 | €46,077 | +€23,905 | +107.8% |
| Operating profit (loss) | 9901 | €19,721 | €29,057 | +€9,336 | +47.3% |
| Financial income | 75/76B | €0 | €1,036 | +€1,036 | +517900.0% |
| Recurring financial income | 75 | €0 | €1,036 | +€1,036 | +517900.0% |
| Non-recurring financial income | 76B | - | €1,036 | +€1,036 | |
| Financial charges | 65/66B | €11 | €480 | +€469 | +4324.0% |
| Recurring financial charges | 65 | €11 | €480 | +€469 | +4324.0% |
| Profit (loss) for the period before taxes | 9903 | €19,710 | €29,613 | +€9,903 | +50.2% |
| Income taxes | 67/77 | €4,067 | €10,553 | +€6,486 | +159.5% |
| Profit (loss) for the period | 9904 | €15,644 | €19,060 | +€3,416 | +21.8% |
| Profit (loss) for the period to be appropriated | 9905 | €15,644 | €19,060 | +€3,416 | +21.8% |
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 1 October 2026 via checked.be.