Delto: 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.
Delto
Largest movements
- Cash +€279,954
up €279,954 (+8634.3%), from €3,242 to €283,196
mainly Net result for the year (+€263,831) and Other debts (+€55,310)
- Reserves +€262,000
up €262,000 (+85.1%), from €308,000 to €570,000
- Financial income +€200,006
up €200,006 (+555.6%), from €36,001 to €236,007
- Depreciation +€12,140
up €12,140 (+629.9%), from €1,927 to €14,068
- Other operating charges +€4,675
up €4,675 (+373.5%), from €1,252 to €5,927
- Gross operating margin +€2,396
up €2,396 (+4.1%), from €58,762 to €61,158
- Taxes -€2,256
down €2,256 (-14.6%), from €15,411 to €13,155
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 | €6,284,729 | €6,597,255 | +€312,526 | +5.0% |
| Fixed assets | 21/28 | €6,278,258 | €6,309,805 | +€31,548 | +0.5% |
| Tangible fixed assets | 22/27 | €3,838 | €35,385 | +€31,548 | +822.1% |
| Furniture and vehicles | 24 | €3,838 | €35,385 | +€31,548 | +822.1% |
| Financial fixed assets | 28 | €6,274,420 | €6,274,420 | = | 0.0% |
| Current assets | 29/58 | €6,471 | €287,449 | +€280,978 | +4342.0% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Trade receivables | 40 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €3,242 | €283,196 | +€279,954 | +8634.3% |
| Deferred charges and accrued income | 490/1 | €3,229 | €4,253 | +€1,024 | +31.7% |
| Total equity and liabilities | 10/49 | €6,284,729 | €6,597,255 | +€312,526 | +5.0% |
| Equity | 10/15 | €312,694 | €576,524 | +€263,831 | +84.4% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €308,000 | €570,000 | +€262,000 | +85.1% |
| Distributable reserves | 133 | €308,000 | €570,000 | +€262,000 | +85.1% |
| Profit (loss) carried forward | 14 | €694 | €2,524 | +€1,831 | +263.8% |
| Amounts payable | 17/49 | €5,972,035 | €6,020,730 | +€48,695 | +0.8% |
| Amounts payable within one year | 42/48 | €5,972,035 | €6,020,712 | +€48,677 | +0.8% |
| Trade debts | 44 | €3,595 | €3,610 | +€15 | +0.4% |
| Suppliers | 440/4 | €3,595 | €3,610 | +€15 | +0.4% |
| Taxes, remuneration and social security | 45 | €17,130 | €10,482 | -€6,648 | -38.8% |
| Taxes | 450/3 | €17,130 | €10,482 | -€6,648 | -38.8% |
| Other amounts payable | 47/48 | €5,951,310 | €6,006,620 | +€55,310 | +0.9% |
| Accrued charges and deferred income | 492/3 | €0 | €19 | +€19 | |
| Non-recurring operating income | 76A | €0 | €325 | +€325 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,927 | €14,068 | +€12,140 | +629.9% |
| Other operating charges | 640/8 | €1,252 | €5,927 | +€4,675 | +373.5% |
| Gross operating margin | 9900 | €58,762 | €61,158 | +€2,396 | +4.1% |
| Operating profit (loss) | 9901 | €55,582 | €41,163 | -€14,419 | -25.9% |
| Financial income | 75/76B | €36,001 | €236,007 | +€200,006 | +555.6% |
| Recurring financial income | 75 | €36,001 | €236,007 | +€200,006 | +555.6% |
| Financial charges | 65/66B | €161 | €184 | +€23 | +14.5% |
| Recurring financial charges | 65 | €161 | €184 | +€23 | +14.5% |
| Profit (loss) for the period before taxes | 9903 | €91,422 | €276,985 | +€185,563 | +203.0% |
| Income taxes | 67/77 | €15,411 | €13,155 | -€2,256 | -14.6% |
| Profit (loss) for the period | 9904 | €76,011 | €263,831 | +€187,819 | +247.1% |
| Profit (loss) for the period to be appropriated | 9905 | €76,011 | €263,831 | +€187,819 | +247.1% |
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.