DELTRAC: 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.
DELTRAC
Largest movements
- Cash -€25,143
down €25,143 (-72.9%), from €34,486 to €9,343
mainly Other debts (-€36,960) and Debts after one year (-€16,675)
- Tangible fixed assets -€13,214
down €13,214 (-3.1%), from €432,535 to €419,321
of which Land and buildings: -€12,133
- Other debts -€36,960
down €36,960 (-28.0%), from €132,071 to €95,111
- Profit (loss) carried forward +€17,645
up €17,645 (+98.5%), from €17,907 to €35,552
- Debts after one year -€16,675
down €16,675 (-11.7%), from €141,928 to €125,253
of which Financial debts: -€16,675
- Gross operating margin +€13,099
up €13,099 (+39.4%), from €33,225 to €46,324
- Depreciation +€11,271
up €11,271 (+580.1%), from €1,943 to €13,214
- Other operating charges +€977
up €977 (+22.0%), from €4,439 to €5,416
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 | €488,903 | €450,547 | -€38,356 | -7.8% |
| Fixed assets | 21/28 | €432,535 | €419,321 | -€13,214 | -3.1% |
| Tangible fixed assets | 22/27 | €432,535 | €419,321 | -€13,214 | -3.1% |
| Land and buildings | 22 | €428,562 | €416,429 | -€12,133 | -2.8% |
| Furniture and vehicles | 24 | €3,973 | €2,892 | -€1,081 | -27.2% |
| Current assets | 29/58 | €56,368 | €31,226 | -€25,143 | -44.6% |
| Amounts receivable within one year | 40/41 | €0 | €0 | = | |
| Other amounts receivable | 41 | €0 | €0 | = | |
| Current investments | 50/53 | €21,882 | €21,882 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €34,486 | €9,343 | -€25,143 | -72.9% |
| Total equity and liabilities | 10/49 | €488,903 | €450,547 | -€38,356 | -7.8% |
| Equity | 10/15 | €195,863 | €213,508 | +€17,645 | +9.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €159,407 | €159,407 | = | 0.0% |
| Distributable reserves | 133 | €159,407 | €159,407 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,907 | €35,552 | +€17,645 | +98.5% |
| Amounts payable | 17/49 | €293,040 | €237,038 | -€56,001 | -19.1% |
| Amounts payable after more than one year | 17 | €141,928 | €125,253 | -€16,675 | -11.7% |
| Financial debts | 170/4 | €141,738 | €125,063 | -€16,675 | -11.8% |
| Other amounts payable | 178/9 | €190 | €190 | = | 0.0% |
| Amounts payable within one year | 42/48 | €151,112 | €111,786 | -€39,326 | -26.0% |
| Current portion of amounts payable after more than one year | 42 | €16,675 | €16,675 | = | 0.0% |
| Trade debts | 44 | €126 | - | -€126 | |
| Suppliers | 440/4 | €126 | - | -€126 | |
| Taxes, remuneration and social security | 45 | €2,240 | - | -€2,240 | |
| Taxes | 450/3 | €2,240 | - | -€2,240 | |
| Other amounts payable | 47/48 | €132,071 | €95,111 | -€36,960 | -28.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,943 | €13,214 | +€11,271 | +580.1% |
| Other operating charges | 640/8 | €4,439 | €5,416 | +€977 | +22.0% |
| Gross operating margin | 9900 | €33,225 | €46,324 | +€13,099 | +39.4% |
| Operating profit (loss) | 9901 | €26,843 | €27,694 | +€851 | +3.2% |
| Financial income | 75/76B | €717 | €739 | +€22 | +3.1% |
| Recurring financial income | 75 | €717 | €739 | +€22 | +3.1% |
| Financial charges | 65/66B | €5,195 | €5,567 | +€372 | +7.2% |
| Recurring financial charges | 65 | €5,195 | €5,567 | +€372 | +7.2% |
| Profit (loss) for the period before taxes | 9903 | €22,366 | €22,867 | +€501 | +2.2% |
| Income taxes | 67/77 | €5,215 | €5,222 | +€7 | +0.1% |
| Profit (loss) for the period | 9904 | €17,151 | €17,645 | +€495 | +2.9% |
| Profit (loss) for the period to be appropriated | 9905 | €17,151 | €17,645 | +€495 | +2.9% |
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 9 October 2026 via checked.be.