DELTITO: 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.
DELTITO
Largest movements
- Cash -€239,084
down €239,084 (-68.3%), from €350,152 to €111,068
mainly Investment in fixed assets (net) (-€283,183) and Other debts (-€130,000)
- Tangible fixed assets +€200,494
up €200,494 (+92.3%), from €217,164 to €417,657
- Receivables within one year +€8,868
up €8,868 (+11.8%), from €75,101 to €83,968
of which Other amounts receivable: +€22,783
- Debts after one year +€188,292
up €188,292 (+6,063%), from €3,106 to €191,397
- Other debts -€130,000
down €130,000 (-65.0%), from €200,000 to €70,000
- Trade debts -€48,610
down €48,610 (-12.9%), from €376,547 to €327,937
- Reserves -€44,932
down €44,932 (-23.6%), from €190,145 to €145,213
- Tax, wage and social debts -€20,908
down €20,908 (-39.2%), from €53,385 to €32,477
of which Taxes: -€33,376
- Gross operating margin -€106,825
down €106,825 (-22.4%), from €476,531 to €369,706
- Depreciation +€39,402
up €39,402 (+91.0%), from €43,287 to €82,690
- Taxes -€5,988
down €5,988 (-93.6%), from €6,395 to €408
- Financial charges +€5,404
up €5,404 (+184%), from €2,929 to €8,334
- Staff costs -€4,831
down €4,831 (-2.3%), from €207,219 to €202,388
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.
Derived cash bridge
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 | €852,515 | €814,054 | -€38,461 | -4.5% |
| Fixed assets | 21/28 | €217,164 | €417,657 | +€200,494 | +92.3% |
| Tangible fixed assets | 22/27 | €217,164 | €417,657 | +€200,494 | +92.3% |
| Land and buildings | 22 | - | €87,355 | +€87,355 | |
| Plant, machinery and equipment | 23 | €188,260 | €278,687 | +€90,427 | +48.0% |
| Furniture and vehicles | 24 | €5,657 | €12,263 | +€6,607 | +117% |
| Other tangible fixed assets | 26 | €23,247 | €39,352 | +€16,105 | +69.3% |
| Current assets | 29/58 | €635,351 | €396,396 | -€238,955 | -37.6% |
| Stocks and contracts in progress | 3 | €202,962 | €201,360 | -€1,603 | -0.8% |
| Stocks | 30/36 | €202,962 | €201,360 | -€1,603 | -0.8% |
| Amounts receivable within one year | 40/41 | €75,101 | €83,968 | +€8,868 | +11.8% |
| Trade receivables | 40 | €14,432 | €516 | -€13,916 | -96.4% |
| Other amounts receivable | 41 | €60,669 | €83,453 | +€22,783 | +37.6% |
| Cash at bank and in hand | 54/58 | €350,152 | €111,068 | -€239,084 | -68.3% |
| Deferred charges and accrued income | 490/1 | €7,136 | - | -€7,136 | |
| Total equity and liabilities | 10/49 | €852,515 | €814,054 | -€38,461 | -4.5% |
| Equity | 10/15 | €190,145 | €145,213 | -€44,932 | -23.6% |
| Reserves | 13 | €190,145 | €145,213 | -€44,932 | -23.6% |
| Distributable reserves | 133 | €190,145 | €145,213 | -€44,932 | -23.6% |
| Amounts payable | 17/49 | €662,369 | €668,841 | +€6,471 | +1.0% |
| Amounts payable after more than one year | 17 | €3,106 | €191,397 | +€188,292 | +6,063% |
| Financial debts | 170/4 | €3,106 | €191,397 | +€188,292 | +6,063% |
| Amounts payable within one year | 42/48 | €645,811 | €464,059 | -€181,752 | -28.1% |
| Current portion of amounts payable after more than one year | 42 | €15,878 | €33,645 | +€17,767 | +112% |
| Trade debts | 44 | €376,547 | €327,937 | -€48,610 | -12.9% |
| Suppliers | 440/4 | €376,547 | €327,937 | -€48,610 | -12.9% |
| Taxes, remuneration and social security | 45 | €53,385 | €32,477 | -€20,908 | -39.2% |
| Taxes | 450/3 | €37,618 | €4,242 | -€33,376 | -88.7% |
| Remuneration and social security | 454/9 | €15,767 | €28,235 | +€12,468 | +79.1% |
| Other amounts payable | 47/48 | €200,000 | €70,000 | -€130,000 | -65.0% |
| Accrued charges and deferred income | 492/3 | €13,453 | €13,384 | -€69 | -0.5% |
| Remuneration, social security and pensions | 62 | €207,219 | €202,388 | -€4,831 | -2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,287 | €82,690 | +€39,402 | +91.0% |
| Other operating charges | 640/8 | €830 | €3,359 | +€2,529 | +305% |
| Gross operating margin | 9900 | €476,531 | €369,706 | -€106,825 | -22.4% |
| Operating profit (loss) | 9901 | €225,194 | €81,269 | -€143,925 | -63.9% |
| Financial income | 75/76B | €5 | €185 | +€179 | +3,274% |
| Recurring financial income | 75 | €5 | €185 | +€179 | +3,274% |
| Financial charges | 65/66B | €2,929 | €8,334 | +€5,404 | +184% |
| Recurring financial charges | 65 | €2,929 | €8,334 | +€5,404 | +184% |
| Profit (loss) for the period before taxes | 9903 | €222,270 | €73,120 | -€149,150 | -67.1% |
| Income taxes | 67/77 | €6,395 | €408 | -€5,988 | -93.6% |
| Profit (loss) for the period | 9904 | €215,875 | €72,712 | -€143,162 | -66.3% |
| Profit (loss) for the period to be appropriated | 9905 | €215,875 | €72,712 | -€143,162 | -66.3% |
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 16 October 2026 via checked.be.