DELTRAN: what changed
Two fiscal 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.
What changed
DELTRAN
NACE 49.410, Freight transport by road
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€34,729
2024 · -€76,093+€110,821
Equity
€994,995
2024 · €985,266+€9,729
Cash
€63,226
2024 · €64,365-€1,139
Balance sheet total
€3.7m
2024 · €5.3m-€1.6m
Largest movements
Assets
- Receivables within one year -€2.1m
down €2.1m (-76.7%), from €2.8m to €651,388
of which Other amounts receivable: -€1.7m
- Receivables after one year +€675,000
new in 2025: €675,000
- Tangible fixed assets -€148,343
down €148,343 (-6.2%), from €2.4m to €2.2m
of which Furniture and vehicles: -€81,234
Equity and liabilities
- Other debts -€1.6m
down €1.6m (-83.2%), from €1.9m to €319,586
- Debts after one year -€143,295
down €143,295 (-11.2%), from €1.3m to €1.1m
- Trade debts +€114,009
up €114,009 (+51.9%), from €219,734 to €333,743
Income statement
- Gross operating margin +€486,084
up €486,084 (+21.0%), from €2.3m to €2.8m
- Staff costs +€326,105
up €326,105 (+20.1%), from €1.6m to €1.9m
- Depreciation +€59,282
up €59,282 (+9.2%), from €642,263 to €701,545
- Financial charges -€34,282
down €34,282 (-19.7%), from €173,689 to €139,406
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.
Result 2024
-€76,093
Gross operating margin
+€486,084
Staff costs
-€326,105
Depreciation
-€59,282
Other operating charges
-€2,771
Other operating items
-€1,187
Financial income
-€16,794
Financial charges
+€34,282
Taxes
-€3,405
Result 2025
€34,729
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.
From operations
+€739,562
Investment
-€553,202
Financing
-€187,499
Cash 2024
€64,365
From operations (derived)
+€739,562
Net result for the year
+€34,729
Depreciation
+€701,545
Receivables after one year
-€675,000
Stocks and contracts
+€14,947
Receivables within one year
+€2.1m
Deferred charges and accrued income
-€8,811
Trade debts
+€114,009
Tax, wage and social debts
+€44,107
Other debts
-€1.6m
Accrued charges and deferred income
-€46,516
Investment (derived)
-€553,202
Investment in fixed assets (net)
-€553,202
Financing
-€187,499
Debts after one year
-€143,295
Current portion of long-term debt
-€19,203
Contributions, distributions and other
-€25,000
Cash 2025
€63,226
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,316,880 | €3,695,272 | -€1.6m | -30.5% |
| Fixed assets | 21/28 | €2,376,561 | €2,228,218 | -€148,343 | -6.2% |
| Tangible fixed assets | 22/27 | €2,376,395 | €2,228,052 | -€148,343 | -6.2% |
| Furniture and vehicles | 24 | €406,907 | €325,673 | -€81,234 | -20.0% |
| Leasing and similar rights | 25 | €1,969,488 | €1,902,380 | -€67,109 | -3.4% |
| Financial fixed assets | 28 | €166 | €166 | = | 0.0% |
| Current assets | 29/58 | €2,940,319 | €1,467,054 | -€1.5m | -50.1% |
| Amounts receivable after more than one year | 29 | - | €675,000 | +€675,000 | |
| Other amounts receivable | 291 | - | €675,000 | +€675,000 | |
| Stocks and contracts in progress | 3 | €42,854 | €27,907 | -€14,947 | -34.9% |
| Stocks | 30/36 | €42,854 | €27,907 | -€14,947 | -34.9% |
| Amounts receivable within one year | 40/41 | €2,792,378 | €651,388 | -€2.1m | -76.7% |
| Trade receivables | 40 | €906,523 | €431,728 | -€474,795 | -52.4% |
| Other amounts receivable | 41 | €1,885,854 | €219,660 | -€1.7m | -88.4% |
| Cash at bank and in hand | 54/58 | €64,365 | €63,226 | -€1,139 | -1.8% |
| Deferred charges and accrued income | 490/1 | €40,722 | €49,533 | +€8,811 | +21.6% |
| Total equity and liabilities | 10/49 | €5,316,880 | €3,695,272 | -€1.6m | -30.5% |
| Equity | 10/15 | €985,266 | €994,995 | +€9,729 | +1.0% |
| Contributions | 10/11 | €124,500 | €124,500 | = | 0.0% |
| Capital | 10 | €124,500 | €124,500 | = | 0.0% |
| Issued capital | 100 | €124,500 | €124,500 | = | 0.0% |
| Reserves | 13 | €849,659 | €849,659 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,450 | €12,450 | = | 0.0% |
| Legal reserve | 130 | €12,450 | €12,450 | = | 0.0% |
| Tax-exempt reserves | 132 | €837,209 | €837,209 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,108 | €20,836 | +€9,729 | +87.6% |
| Amounts payable | 17/49 | €4,331,613 | €2,700,277 | -€1.6m | -37.7% |
| Amounts payable after more than one year | 17 | €1,281,759 | €1,138,463 | -€143,295 | -11.2% |
| Financial debts | 170/4 | €1,281,759 | €1,138,463 | -€143,295 | -11.2% |
| Amounts payable within one year | 42/48 | €2,947,178 | €1,505,653 | -€1.4m | -48.9% |
| Current portion of amounts payable after more than one year | 42 | €609,596 | €590,392 | -€19,203 | -3.2% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €219,734 | €333,743 | +€114,009 | +51.9% |
| Suppliers | 440/4 | €219,734 | €333,743 | +€114,009 | +51.9% |
| Taxes, remuneration and social security | 45 | €217,825 | €261,932 | +€44,107 | +20.2% |
| Taxes | 450/3 | €58,713 | €58,371 | -€342 | -0.6% |
| Remuneration and social security | 454/9 | €159,112 | €203,561 | +€44,449 | +27.9% |
| Other amounts payable | 47/48 | €1,900,024 | €319,586 | -€1.6m | -83.2% |
| Accrued charges and deferred income | 492/3 | €102,677 | €56,160 | -€46,516 | -45.3% |
| Non-recurring operating income | 76A | €89,452 | €33,811 | -€55,641 | -62.2% |
| Remuneration, social security and pensions | 62 | €1,618,732 | €1,944,837 | +€326,105 | +20.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €642,263 | €701,545 | +€59,282 | +9.2% |
| Other operating charges | 640/8 | €12,968 | €15,739 | +€2,771 | +21.4% |
| Non-recurring operating charges | 66A | - | €1,187 | +€1,187 | |
| Gross operating margin | 9900 | €2,320,061 | €2,806,144 | +€486,084 | +21.0% |
| Operating profit (loss) | 9901 | €46,098 | €142,837 | +€96,739 | +209.9% |
| Financial income | 75/76B | €53,328 | €36,534 | -€16,794 | -31.5% |
| Recurring financial income | 75 | €53,328 | €36,534 | -€16,794 | -31.5% |
| Financial charges | 65/66B | €173,689 | €139,406 | -€34,282 | -19.7% |
| Recurring financial charges | 65 | €173,689 | €139,406 | -€34,282 | -19.7% |
| Profit (loss) for the period before taxes | 9903 | -€74,263 | €39,964 | +€114,227 | |
| Income taxes | 67/77 | €1,830 | €5,235 | +€3,405 | +186.1% |
| Profit (loss) for the period | 9904 | -€76,093 | €34,729 | +€110,821 | |
| Transfer from tax-exempt reserves | 789 | €76,000 | €0 | -€76,000 | -100.0% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | -€93 | €34,729 | +€34,821 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.