DELTA COMPO: what changed
DELTA COMPO
Largest movements
- Receivables within one year -€62,836
down €62,836 (-9.6%), from €655,002 to €592,166
of which Other amounts receivable: -€61,340
- Cash +€53,498
up €53,498 (+28.3%), from €189,143 to €242,641
mainly Net result for the year (+€74,617) and Receivables within one year (+€62,836)
- Tangible fixed assets +€19,763
up €19,763 (+169%), from €11,688 to €31,451
of which Furniture and vehicles: +€20,915
- Current investments -€16,716
down €16,716 (-4.2%), from €393,444 to €376,728
- Other debts -€26,378
down €26,378 (-32.1%), from €82,143 to €55,765
- Reserves +€15,900
up €15,900 (+4.5%), from €351,999 to €367,899
of which Distributable reserves: +€15,900
- Financial income +€12,511
up €12,511 (+193%), from €6,471 to €18,982
- Depreciation +€4,798
up €4,798 (+195%), from €2,455 to €7,253
- Other operating charges +€4,416
up €4,416 (+148%), from €2,987 to €7,404
- Gross operating margin -€3,108
down €3,108 (-2.9%), from €107,955 to €104,847
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,251,228 | €1,245,301 | -€5,928 | -0.5% |
| Fixed assets | 21/28 | €11,688 | €31,451 | +€19,763 | +169% |
| Tangible fixed assets | 22/27 | €11,688 | €31,451 | +€19,763 | +169% |
| Plant, machinery and equipment | 23 | €737 | €467 | -€269 | -36.6% |
| Furniture and vehicles | 24 | €2,812 | €23,727 | +€20,915 | +744% |
| Other tangible fixed assets | 26 | €8,139 | €7,257 | -€882 | -10.8% |
| Current assets | 29/58 | €1,239,540 | €1,213,849 | -€25,691 | -2.1% |
| Amounts receivable within one year | 40/41 | €655,002 | €592,166 | -€62,836 | -9.6% |
| Trade receivables | 40 | €42,671 | €41,174 | -€1,496 | -3.5% |
| Other amounts receivable | 41 | €612,331 | €550,991 | -€61,340 | -10.0% |
| Current investments | 50/53 | €393,444 | €376,728 | -€16,716 | -4.2% |
| Cash at bank and in hand | 54/58 | €189,143 | €242,641 | +€53,498 | +28.3% |
| Deferred charges and accrued income | 490/1 | €1,952 | €2,315 | +€363 | +18.6% |
| Total equity and liabilities | 10/49 | €1,251,228 | €1,245,301 | -€5,928 | -0.5% |
| Equity | 10/15 | €1,123,680 | €1,139,597 | +€15,917 | +1.4% |
| Contributions | 10/11 | €99,157 | €99,157 | = | 0.0% |
| Capital | 10 | €99,157 | €99,157 | = | 0.0% |
| Issued capital | 100 | €99,157 | €99,157 | = | 0.0% |
| Reserves | 13 | €351,999 | €367,899 | +€15,900 | +4.5% |
| Non-distributable reserves | 130/1 | €9,916 | €9,916 | = | 0.0% |
| Legal reserve | 130 | €9,916 | €9,916 | = | 0.0% |
| Distributable reserves | 133 | €342,083 | €357,984 | +€15,900 | +4.6% |
| Profit (loss) carried forward | 14 | €672,523 | €672,540 | +€17 | 0.0% |
| Amounts payable | 17/49 | €127,549 | €105,704 | -€21,845 | -17.1% |
| Amounts payable within one year | 42/48 | €127,549 | €105,704 | -€21,845 | -17.1% |
| Financial debts | 43 | €6,717 | €6,717 | = | 0.0% |
| Credit institutions | 430/8 | €6,717 | €6,717 | = | 0.0% |
| Trade debts | 44 | €2,566 | €773 | -€1,793 | -69.9% |
| Suppliers | 440/4 | €2,566 | €773 | -€1,793 | -69.9% |
| Taxes, remuneration and social security | 45 | €36,123 | €42,449 | +€6,326 | +17.5% |
| Taxes | 450/3 | €36,123 | €42,449 | +€6,326 | +17.5% |
| Other amounts payable | 47/48 | €82,143 | €55,765 | -€26,378 | -32.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,455 | €7,253 | +€4,798 | +195% |
| Other operating charges | 640/8 | €2,987 | €7,404 | +€4,416 | +148% |
| Gross operating margin | 9900 | €107,955 | €104,847 | -€3,108 | -2.9% |
| Operating profit (loss) | 9901 | €102,512 | €90,190 | -€12,322 | -12.0% |
| Financial income | 75/76B | €6,471 | €18,982 | +€12,511 | +193% |
| Recurring financial income | 75 | €6,471 | €18,982 | +€12,511 | +193% |
| Financial charges | 65/66B | €3,228 | €3,100 | -€128 | -4.0% |
| Recurring financial charges | 65 | €3,228 | €3,100 | -€128 | -4.0% |
| Profit (loss) for the period before taxes | 9903 | €105,756 | €106,072 | +€316 | +0.3% |
| Income taxes | 67/77 | €31,454 | €31,455 | +€2 | 0.0% |
| Profit (loss) for the period | 9904 | €74,302 | €74,617 | +€315 | +0.4% |
| Profit (loss) for the period to be appropriated | 9905 | €74,302 | €74,617 | +€315 | +0.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.