DELTA: 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.
DELTA
Largest movements
- Receivables within one year -€51,297
down €51,297 (-10.6%), from €486,105 to €434,808
of which Other amounts receivable: -€44,412
- Cash +€5,153
up €5,153 (+75.6%), from €6,812 to €11,965
mainly Receivables within one year (+€51,297) and Trade debts (+€7,383)
- Profit (loss) carried forward -€36,517
new in 2025: -€36,517
- Other debts -€8,670
down €8,670 (-38.7%), from €22,396 to €13,726
- Trade debts +€7,383
up €7,383 (+20.2%), from €36,632 to €44,015
- Advances received -€5,000
no longer reported in 2025 (was €5,000)
- Gross operating margin -€42,406
down €42,406, from €2,623 to -€39,783
- Financial charges +€13,304
up €13,304 (+178%), from €7,466 to €20,771
of which Financial charges: +€18,183
- Staff costs +€13,301
up €13,301 (+3,872%), from €344 to €13,645
- Financial income +€10,931
up €10,931 (+38.5%), from €28,372 to €39,303
- Taxes -€8,214
no longer reported in 2025 (was €8,214)
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.
Derived cash bridge
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 | €495,011 | €448,573 | -€46,438 | -9.4% |
| Fixed assets | 21/28 | €546 | €546 | = | 0.0% |
| Financial fixed assets | 28 | €546 | €546 | = | 0.0% |
| Current assets | 29/58 | €494,465 | €448,028 | -€46,438 | -9.4% |
| Amounts receivable within one year | 40/41 | €486,105 | €434,808 | -€51,297 | -10.6% |
| Trade receivables | 40 | €6,885 | - | -€6,885 | |
| Other amounts receivable | 41 | €479,220 | €434,808 | -€44,412 | -9.3% |
| Cash at bank and in hand | 54/58 | €6,812 | €11,965 | +€5,153 | +75.6% |
| Deferred charges and accrued income | 490/1 | €1,548 | €1,254 | -€294 | -19.0% |
| Total equity and liabilities | 10/49 | €495,011 | €448,573 | -€46,438 | -9.4% |
| Equity | 10/15 | €238,328 | €201,811 | -€36,517 | -15.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €232,128 | €232,128 | -€0 | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €230,268 | €230,268 | -€0 | 0.0% |
| Profit (loss) carried forward | 14 | - | -€36,517 | -€36,517 | |
| Provisions and deferred taxes | 16 | €123,357 | €123,357 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €123,357 | €123,357 | = | 0.0% |
| Pensions and similar obligations | 160 | €123,357 | €123,357 | = | 0.0% |
| Amounts payable | 17/49 | €133,327 | €123,406 | -€9,921 | -7.4% |
| Amounts payable within one year | 42/48 | €133,327 | €123,406 | -€9,921 | -7.4% |
| Trade debts | 44 | €36,632 | €44,015 | +€7,383 | +20.2% |
| Suppliers | 440/4 | €36,632 | €44,015 | +€7,383 | +20.2% |
| Advances received on contracts in progress | 46 | €5,000 | - | -€5,000 | |
| Taxes, remuneration and social security | 45 | €69,298 | €65,665 | -€3,633 | -5.2% |
| Taxes | 450/3 | €69,298 | €65,665 | -€3,633 | -5.2% |
| Other amounts payable | 47/48 | €22,396 | €13,726 | -€8,670 | -38.7% |
| Remuneration, social security and pensions | 62 | €344 | €13,645 | +€13,301 | +3,872% |
| Other operating charges | 640/8 | €1,682 | €1,621 | -€61 | -3.6% |
| Non-recurring operating charges | 66A | €1,608 | - | -€1,608 | |
| Gross operating margin | 9900 | €2,623 | -€39,783 | -€42,406 | |
| Operating profit (loss) | 9901 | -€1,010 | -€55,049 | -€54,039 | -5,349% |
| Financial income | 75/76B | €28,372 | €39,303 | +€10,931 | +38.5% |
| Recurring financial income | 75 | €28,372 | €39,303 | +€10,931 | +38.5% |
| Financial charges | 65/66B | €7,466 | €20,771 | +€13,304 | +178% |
| Recurring financial charges | 65 | €2,588 | €20,771 | +€18,183 | +703% |
| Non-recurring financial charges | 66B | €4,879 | - | -€4,879 | |
| Profit (loss) for the period before taxes | 9903 | €19,895 | -€36,517 | -€56,412 | |
| Income taxes | 67/77 | €8,214 | - | -€8,214 | |
| Profit (loss) for the period | 9904 | €11,681 | -€36,517 | -€48,198 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,681 | -€36,517 | -€48,198 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.