DELTRONICS: 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.
DELTRONICS
Largest movements
- Stocks and contracts -€33,000
down €33,000 (-53.8%), from €61,340 to €28,340
- Cash -€30,233
down €30,233 (-43.9%), from €68,804 to €38,571
mainly Net result for the year (-€48,498) and Receivables within one year (-€26,889)
- Receivables within one year +€26,889
up €26,889 (+27.1%), from €99,147 to €126,036
of which Trade receivables: +€34,091
- Tangible fixed assets -€25,243
down €25,243 (-31.6%), from €80,009 to €54,766
of which Furniture and vehicles: -€25,169
- Financial fixed assets -€4,500
down €4,500 (-70.1%), from €6,420 to €1,920
- Profit (loss) carried forward -€37,147
down €37,147, from €292 to -€36,855
- Other debts -€17,386
down €17,386 (-39.8%), from €43,728 to €26,342
- Reserves -€11,351
down €11,351 (-6.3%), from €179,347 to €167,996
of which Distributable reserves: -€11,351
- Gross operating margin -€55,718
down €55,718 (-51.0%), from €109,190 to €53,472
- Depreciation +€7,753
up €7,753 (+34.4%), from €22,528 to €30,281
- Taxes -€3,727
down €3,727 (-82.6%), from €4,512 to €785
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 | €320,237 | €256,336 | -€63,900 | -20.0% |
| Fixed assets | 21/28 | €86,429 | €56,686 | -€29,743 | -34.4% |
| Tangible fixed assets | 22/27 | €80,009 | €54,766 | -€25,243 | -31.6% |
| Plant, machinery and equipment | 23 | €1,302 | €1,229 | -€74 | -5.7% |
| Furniture and vehicles | 24 | €78,707 | €53,537 | -€25,169 | -32.0% |
| Financial fixed assets | 28 | €6,420 | €1,920 | -€4,500 | -70.1% |
| Current assets | 29/58 | €233,807 | €199,650 | -€34,157 | -14.6% |
| Stocks and contracts in progress | 3 | €61,340 | €28,340 | -€33,000 | -53.8% |
| Stocks | 30/36 | €61,340 | €28,340 | -€33,000 | -53.8% |
| Amounts receivable within one year | 40/41 | €99,147 | €126,036 | +€26,889 | +27.1% |
| Trade receivables | 40 | €66,439 | €100,530 | +€34,091 | +51.3% |
| Other amounts receivable | 41 | €32,708 | €25,506 | -€7,202 | -22.0% |
| Cash at bank and in hand | 54/58 | €68,804 | €38,571 | -€30,233 | -43.9% |
| Deferred charges and accrued income | 490/1 | €4,517 | €6,704 | +€2,187 | +48.4% |
| Total equity and liabilities | 10/49 | €320,237 | €256,336 | -€63,900 | -20.0% |
| Equity | 10/15 | €192,039 | €143,541 | -€48,498 | -25.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €179,347 | €167,996 | -€11,351 | -6.3% |
| Tax-exempt reserves | 132 | €54,250 | €54,250 | = | 0.0% |
| Distributable reserves | 133 | €125,097 | €113,746 | -€11,351 | -9.1% |
| Profit (loss) carried forward | 14 | €292 | -€36,855 | -€37,147 | |
| Amounts payable | 17/49 | €128,198 | €112,796 | -€15,402 | -12.0% |
| Amounts payable within one year | 42/48 | €128,198 | €112,796 | -€15,402 | -12.0% |
| Trade debts | 44 | €75,567 | €77,216 | +€1,650 | +2.2% |
| Suppliers | 440/4 | €75,567 | €77,216 | +€1,650 | +2.2% |
| Taxes, remuneration and social security | 45 | €8,903 | €9,237 | +€334 | +3.8% |
| Taxes | 450/3 | €1,770 | €2,786 | +€1,016 | +57.4% |
| Remuneration and social security | 454/9 | €7,133 | €6,451 | -€682 | -9.6% |
| Other amounts payable | 47/48 | €43,728 | €26,342 | -€17,386 | -39.8% |
| Non-recurring operating income | 76A | €33,058 | - | -€33,058 | |
| Remuneration, social security and pensions | 62 | €66,629 | €66,106 | -€523 | -0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,528 | €30,281 | +€7,753 | +34.4% |
| Other operating charges | 640/8 | €4,834 | €5,191 | +€357 | +7.4% |
| Gross operating margin | 9900 | €109,190 | €53,472 | -€55,718 | -51.0% |
| Operating profit (loss) | 9901 | €15,198 | -€48,107 | -€63,305 | |
| Financial income | 75/76B | €1,003 | €587 | -€416 | -41.5% |
| Recurring financial income | 75 | €1,003 | €587 | -€416 | -41.5% |
| Financial charges | 65/66B | €338 | €193 | -€145 | -43.0% |
| Recurring financial charges | 65 | €338 | €193 | -€145 | -43.0% |
| Profit (loss) for the period before taxes | 9903 | €15,863 | -€47,713 | -€63,576 | |
| Income taxes | 67/77 | €4,512 | €785 | -€3,727 | -82.6% |
| Profit (loss) for the period | 9904 | €11,351 | -€48,498 | -€59,849 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,351 | -€48,498 | -€59,849 |
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 7 October 2026 via checked.be.