DELTHA ENGINEERING: 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.
DELTHA ENGINEERING
Largest movements
- Receivables within one year +€67,714
up €67,714 (+17.1%), from €396,536 to €464,250
of which Trade receivables: +€157,829
- Intangible fixed assets -€35,511
down €35,511 (-50.0%), from €71,023 to €35,512
- Deferred charges and accrued income -€17,149
down €17,149 (-72.6%), from €23,632 to €6,483
- Profit (loss) carried forward +€126,785
up €126,785, from -€126,785 to €0
- Reserves -€108,087
down €108,087 (-51.4%), from €210,348 to €102,261
- Tax, wage and social debts -€43,125
down €43,125 (-60.4%), from €71,342 to €28,217
of which Taxes: -€36,615
- Trade debts +€39,289
up €39,289 (+29.2%), from €134,610 to €173,899
- Short-term financial debts +€7,498
new in 2025: €7,498
- Gross operating margin +€17,765
up €17,765 (+11.7%), from €151,380 to €169,145
- Financial charges -€14,724
down €14,724 (-65.3%), from €22,543 to €7,819
- Financial income -€9,021
down €9,021 (-54.8%), from €16,453 to €7,432
- Staff costs -€5,879
down €5,879 (-5.5%), from €106,782 to €100,902
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 | €510,251 | €528,092 | +€17,841 | +3.5% |
| Fixed assets | 21/28 | €71,481 | €35,723 | -€35,758 | -50.0% |
| Intangible fixed assets | 21 | €71,023 | €35,512 | -€35,511 | -50.0% |
| Tangible fixed assets | 22/27 | €458 | €211 | -€248 | -54.1% |
| Furniture and vehicles | 24 | €458 | €211 | -€248 | -54.1% |
| Current assets | 29/58 | €438,770 | €492,370 | +€53,600 | +12.2% |
| Stocks and contracts in progress | 3 | €16,565 | €17,725 | +€1,160 | +7.0% |
| Contracts in progress | 37 | €16,565 | €17,725 | +€1,160 | +7.0% |
| Amounts receivable within one year | 40/41 | €396,536 | €464,250 | +€67,714 | +17.1% |
| Trade receivables | 40 | €87,413 | €245,242 | +€157,829 | +180.6% |
| Other amounts receivable | 41 | €309,123 | €219,007 | -€90,116 | -29.2% |
| Cash at bank and in hand | 54/58 | €2,037 | €3,913 | +€1,876 | +92.1% |
| Deferred charges and accrued income | 490/1 | €23,632 | €6,483 | -€17,149 | -72.6% |
| Total equity and liabilities | 10/49 | €510,251 | €528,092 | +€17,841 | +3.5% |
| Equity | 10/15 | €123,563 | €142,261 | +€18,698 | +15.1% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €210,348 | €102,261 | -€108,087 | -51.4% |
| Distributable reserves | 133 | €210,348 | €102,261 | -€108,087 | -51.4% |
| Profit (loss) carried forward | 14 | -€126,785 | €0 | +€126,785 | |
| Amounts payable | 17/49 | €386,688 | €385,831 | -€857 | -0.2% |
| Amounts payable after more than one year | 17 | €105,200 | €105,200 | = | 0.0% |
| Financial debts | 170/4 | €105,200 | €105,200 | = | 0.0% |
| Amounts payable within one year | 42/48 | €268,570 | €272,232 | +€3,662 | +1.4% |
| Financial debts | 43 | - | €7,498 | +€7,498 | |
| Credit institutions | 430/8 | - | €7,498 | +€7,498 | |
| Trade debts | 44 | €134,610 | €173,899 | +€39,289 | +29.2% |
| Suppliers | 440/4 | €134,610 | €173,899 | +€39,289 | +29.2% |
| Taxes, remuneration and social security | 45 | €71,342 | €28,217 | -€43,125 | -60.4% |
| Taxes | 450/3 | €38,631 | €2,016 | -€36,615 | -94.8% |
| Remuneration and social security | 454/9 | €32,711 | €26,202 | -€6,510 | -19.9% |
| Other amounts payable | 47/48 | €62,618 | €62,618 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €12,918 | €8,399 | -€4,519 | -35.0% |
| Non-recurring operating income | 76A | €635 | €0 | -€635 | -100.0% |
| Remuneration, social security and pensions | 62 | €106,782 | €100,902 | -€5,879 | -5.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,825 | €35,758 | -€67 | -0.2% |
| Other operating charges | 640/8 | €1,419 | €895 | -€524 | -37.0% |
| Non-recurring operating charges | 66A | - | €12,505 | +€12,505 | |
| Gross operating margin | 9900 | €151,380 | €169,145 | +€17,765 | +11.7% |
| Operating profit (loss) | 9901 | €7,354 | €19,085 | +€11,731 | +159.5% |
| Financial income | 75/76B | €16,453 | €7,432 | -€9,021 | -54.8% |
| Recurring financial income | 75 | €16,453 | €7,432 | -€9,021 | -54.8% |
| Financial charges | 65/66B | €22,543 | €7,819 | -€14,724 | -65.3% |
| Recurring financial charges | 65 | €22,543 | €7,819 | -€14,724 | -65.3% |
| Profit (loss) for the period before taxes | 9903 | €1,264 | €18,698 | +€17,434 | +1378.8% |
| Profit (loss) for the period | 9904 | €1,264 | €18,698 | +€17,434 | +1378.8% |
| Profit (loss) for the period to be appropriated | 9905 | €1,264 | €18,698 | +€17,434 | +1378.8% |
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 11 October 2026 via checked.be.