DELTEX: 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.
DELTEX
Largest movements
- Receivables within one year +€569,909
up €569,909 (+76.5%), from €745,258 to €1.3m
of which Trade receivables: +€550,629
- Stocks and contracts -€560,960
down €560,960 (-38.3%), from €1.5m to €902,989
- Cash +€512,463
up €512,463 (+177.6%), from €288,551 to €801,014
mainly Net result for the year (+€628,564) and Trade debts (+€567,742)
- Trade debts +€567,742
up €567,742 (+133.6%), from €424,851 to €992,593
- Short-term financial debts -€450,000
no longer reported in 2025 (was €450,000)
- Reserves +€448,564
up €448,564 (+32.0%), from €1.4m to €1.9m
- Tax, wage and social debts -€31,565
down €31,565 (-23.3%), from €135,735 to €104,170
- Gross operating margin +€515,541
up €515,541 (+117.0%), from €440,668 to €956,209
- Taxes +€114,009
up €114,009 (+110.5%), from €103,141 to €217,151
- Other operating charges +€82,305
up €82,305 (+1455.7%), from €5,654 to €87,959
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 | €2,499,526 | €3,034,157 | +€534,631 | +21.4% |
| Current assets | 29/58 | €2,499,526 | €3,034,157 | +€534,631 | +21.4% |
| Stocks and contracts in progress | 3 | €1,463,950 | €902,989 | -€560,960 | -38.3% |
| Stocks | 30/36 | €1,463,950 | €902,989 | -€560,960 | -38.3% |
| Amounts receivable within one year | 40/41 | €745,258 | €1,315,168 | +€569,909 | +76.5% |
| Trade receivables | 40 | €677,835 | €1,228,464 | +€550,629 | +81.2% |
| Other amounts receivable | 41 | €67,423 | €86,704 | +€19,280 | +28.6% |
| Cash at bank and in hand | 54/58 | €288,551 | €801,014 | +€512,463 | +177.6% |
| Deferred charges and accrued income | 490/1 | €1,767 | €14,986 | +€13,219 | +747.9% |
| Total equity and liabilities | 10/49 | €2,499,526 | €3,034,157 | +€534,631 | +21.4% |
| Equity | 10/15 | €1,461,878 | €1,910,442 | +€448,564 | +30.7% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Reserves | 13 | €1,401,878 | €1,850,442 | +€448,564 | +32.0% |
| Distributable reserves | 133 | €1,401,878 | €1,850,442 | +€448,564 | +32.0% |
| Amounts payable | 17/49 | €1,037,648 | €1,123,715 | +€86,067 | +8.3% |
| Amounts payable within one year | 42/48 | €1,037,648 | €1,123,715 | +€86,067 | +8.3% |
| Current portion of amounts payable after more than one year | 42 | €27,062 | €26,952 | -€110 | -0.4% |
| Financial debts | 43 | €450,000 | - | -€450,000 | |
| Credit institutions | 430/8 | €450,000 | - | -€450,000 | |
| Trade debts | 44 | €424,851 | €992,593 | +€567,742 | +133.6% |
| Suppliers | 440/4 | €424,851 | €992,593 | +€567,742 | +133.6% |
| Taxes, remuneration and social security | 45 | €135,735 | €104,170 | -€31,565 | -23.3% |
| Taxes | 450/3 | €135,735 | €104,170 | -€31,565 | -23.3% |
| Other operating charges | 640/8 | €5,654 | €87,959 | +€82,305 | +1455.7% |
| Gross operating margin | 9900 | €440,668 | €956,209 | +€515,541 | +117.0% |
| Operating profit (loss) | 9901 | €435,014 | €868,251 | +€433,237 | +99.6% |
| Financial income | 75/76B | €6,163 | €2,365 | -€3,797 | -61.6% |
| Recurring financial income | 75 | €6,163 | €2,365 | -€3,797 | -61.6% |
| Financial charges | 65/66B | €18,224 | €24,901 | +€6,677 | +36.6% |
| Recurring financial charges | 65 | €18,224 | €24,901 | +€6,677 | +36.6% |
| Profit (loss) for the period before taxes | 9903 | €422,953 | €845,715 | +€422,762 | +100.0% |
| Income taxes | 67/77 | €103,141 | €217,151 | +€114,009 | +110.5% |
| Profit (loss) for the period | 9904 | €319,812 | €628,564 | +€308,753 | +96.5% |
| Profit (loss) for the period to be appropriated | 9905 | €319,812 | €628,564 | +€308,753 | +96.5% |
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 7 October 2026 via checked.be.