DELTHECO: 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.
DELTHECO
Largest movements
- Receivables within one year +€28,750
new in 2025: €28,750
- Tangible fixed assets +€4,989
new in 2025: €4,989
- Intangible fixed assets -€1,466
no longer reported in 2025 (was €1,466)
- Cash -€1,324
down €1,324 (-88.3%), from €1,500 to €176
mainly Contributions, distributions and other (-€83,000) and Receivables within one year (-€28,750)
- Profit (loss) carried forward +€19,481
up €19,481, from -€16 to €19,465
- Tax, wage and social debts +€7,887
new in 2025: €7,887
- Trade debts +€5,382
new in 2025: €5,382
- Other debts -€1,482
no longer reported in 2025 (was €1,482)
- Gross operating margin +€143,665
new in 2025: €143,665
- Taxes +€35,387
new in 2025: €35,387
- Financial charges +€2,083
new in 2025: €2,083
- Staff costs +€1,665
new in 2025: €1,665
- Depreciation +€1,570
up €1,570 (+9691.8%), from €16 to €1,586
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 | €2,966 | €34,234 | +€31,267 | +1054.2% |
| Fixed assets | 21/28 | €1,466 | €4,989 | +€3,523 | +240.3% |
| Intangible fixed assets | 21 | €1,466 | - | -€1,466 | |
| Tangible fixed assets | 22/27 | - | €4,989 | +€4,989 | |
| Furniture and vehicles | 24 | - | €4,989 | +€4,989 | |
| Current assets | 29/58 | €1,500 | €29,244 | +€27,744 | +1849.6% |
| Amounts receivable within one year | 40/41 | - | €28,750 | +€28,750 | |
| Other amounts receivable | 41 | - | €28,750 | +€28,750 | |
| Cash at bank and in hand | 54/58 | €1,500 | €176 | -€1,324 | -88.3% |
| Deferred charges and accrued income | 490/1 | - | €319 | +€319 | |
| Total equity and liabilities | 10/49 | €2,966 | €34,234 | +€31,267 | +1054.2% |
| Equity | 10/15 | €1,484 | €20,965 | +€19,481 | +1312.9% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16 | €19,465 | +€19,481 | |
| Amounts payable | 17/49 | €1,482 | €13,268 | +€11,786 | +795.1% |
| Amounts payable within one year | 42/48 | €1,482 | €13,268 | +€11,786 | +795.1% |
| Trade debts | 44 | - | €5,382 | +€5,382 | |
| Suppliers | 440/4 | - | €5,382 | +€5,382 | |
| Taxes, remuneration and social security | 45 | - | €7,887 | +€7,887 | |
| Taxes | 450/3 | - | €7,887 | +€7,887 | |
| Other amounts payable | 47/48 | €1,482 | - | -€1,482 | |
| Remuneration, social security and pensions | 62 | - | €1,665 | +€1,665 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16 | €1,586 | +€1,570 | +9691.8% |
| Other operating charges | 640/8 | - | €506 | +€506 | |
| Gross operating margin | 9900 | - | €143,665 | +€143,665 | |
| Operating profit (loss) | 9901 | -€16 | €139,908 | +€139,924 | |
| Financial income | 75/76B | - | €43 | +€43 | |
| Recurring financial income | 75 | - | €43 | +€43 | |
| Financial charges | 65/66B | - | €2,083 | +€2,083 | |
| Recurring financial charges | 65 | - | €2,083 | +€2,083 | |
| Profit (loss) for the period before taxes | 9903 | -€16 | €137,868 | +€137,884 | |
| Income taxes | 67/77 | - | €35,387 | +€35,387 | |
| Profit (loss) for the period | 9904 | -€16 | €102,481 | +€102,498 | |
| Profit (loss) for the period to be appropriated | 9905 | -€16 | €102,481 | +€102,498 |
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 10 October 2026 via checked.be.