DELAVI: 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.
What changed
DELAVI
NACE 46.321, Wholesale of meat and meat products, excluding game and poultry
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€601,072
2024 · €351,337+€249,735
Equity
€6.5m
2024 · €6.1m+€401,072
Cash
€866,570
2024 · €80,014+€786,557
Balance sheet total
€20.3m
2024 · €18.9m+€1.4m
Largest movements
Assets
- Stocks and contracts -€1.3m
down €1.3m (-24.1%), from €5.2m to €3.9m
- Tangible fixed assets +€880,157
up €880,157 (+23.3%), from €3.8m to €4.7m
of which Plant, machinery and equipment: +€725,307
- Receivables within one year +€867,307
up €867,307 (+9.2%), from €9.5m to €10.3m
of which Trade receivables: +€631,415
- Cash +€786,557
up €786,557 (+983.0%), from €80,014 to €866,570
mainly Trade debts (+€1.8m) and Stocks and contracts (+€1.3m)
Equity and liabilities
- Trade debts +€1.8m
up €1.8m (+30.3%), from €6.0m to €7.8m
- Other debts -€716,461
down €716,461 (-75.6%), from €947,792 to €231,330
- Debts after one year -€489,688
down €489,688 (-11.0%), from €4.5m to €4.0m
of which Financial debts: -€489,688
- Reserves +€401,072
up €401,072 (+7.3%), from €5.5m to €5.9m
of which Distributable reserves: +€388,672
- Current portion of long-term debt +€387,530
up €387,530 (+41.8%), from €927,367 to €1.3m
Income statement
- Turnover +€8.1m
up €8.1m (+8.8%), from €91.8m to €99.9m
- Goods and materials +€5.5m
up €5.5m (+7.1%), from €77.9m to €83.4m
of which Change in stocks: decrease (increase): +€2.9m
- Services and other goods +€1.8m
up €1.8m (+17.9%), from €10.0m to €11.8m
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
€351,337
Turnover
+€8.1m
Other operating income
+€46,388
Goods and materials
-€5.5m
Services and other goods
-€1.8m
Staff costs
-€172,957
Depreciation
-€223,589
Other operating charges
+€5,382
Other operating items
+€30,913
Financial income
+€54,356
Financial charges
-€191,700
Taxes
-€105,042
Result 2025
€601,072
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
+€3.0m
Investment
-€1.9m
Financing
-€299,641
Cash 2024
€80,014
From operations (derived)
+€3.0m
Net result for the year
+€601,072
Depreciation
+€978,787
Stocks and contracts
+€1.3m
Receivables within one year
-€867,307
Deferred charges and accrued income
-€111,750
Trade debts
+€1.8m
Tax, wage and social debts
+€2,765
Other debts
-€716,461
Accrued charges and deferred income
+€23,905
Investment (derived)
-€1.9m
Investment in fixed assets (net)
-€1.9m
Financing
-€299,641
Debts after one year
-€489,688
Current portion of long-term debt
+€387,530
Short-term financial debts
+€2,517
Contributions, distributions and other
-€200,000
Cash 2025
€866,570
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €18,927,107 | €20,344,197 | +€1.4m | +7.5% |
| Fixed assets | 21/28 | €3,795,062 | €4,701,729 | +€906,667 | +23.9% |
| Intangible fixed assets | 21 | €6,837 | €15,011 | +€8,175 | +119.6% |
| Tangible fixed assets | 22/27 | €3,785,555 | €4,665,712 | +€880,157 | +23.3% |
| Plant, machinery and equipment | 23 | €3,347,728 | €4,073,035 | +€725,307 | +21.7% |
| Furniture and vehicles | 24 | €167,870 | €117,935 | -€49,935 | -29.7% |
| Leasing and similar rights | 25 | €269,957 | €474,742 | +€204,785 | +75.9% |
| Financial fixed assets | 28 | €2,670 | €21,005 | +€18,335 | +686.6% |
| Other financial fixed assets | 284/8 | €2,670 | €21,005 | +€18,335 | +686.6% |
| Shares | 284 | €600 | €600 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €2,070 | €20,405 | +€18,335 | +885.6% |
| Current assets | 29/58 | €15,132,046 | €15,642,468 | +€510,422 | +3.4% |
| Stocks and contracts in progress | 3 | €5,198,231 | €3,943,039 | -€1.3m | -24.1% |
| Stocks | 30/36 | €5,198,231 | €3,943,039 | -€1.3m | -24.1% |
| Goods purchased for resale | 34 | €5,198,231 | €3,943,039 | -€1.3m | -24.1% |
| Amounts receivable within one year | 40/41 | €9,476,965 | €10,344,272 | +€867,307 | +9.2% |
| Trade receivables | 40 | €8,791,564 | €9,422,979 | +€631,415 | +7.2% |
| Other amounts receivable | 41 | €685,401 | €921,294 | +€235,893 | +34.4% |
| Cash at bank and in hand | 54/58 | €80,014 | €866,570 | +€786,557 | +983.0% |
| Deferred charges and accrued income | 490/1 | €376,836 | €488,586 | +€111,750 | +29.7% |
| Total equity and liabilities | 10/49 | €18,927,107 | €20,344,197 | +€1.4m | +7.5% |
| Equity | 10/15 | €6,092,965 | €6,494,037 | +€401,072 | +6.6% |
| Contributions | 10/11 | €562,419 | €562,419 | = | 0.0% |
| Capital | 10 | €562,419 | €562,419 | = | 0.0% |
| Issued capital | 100 | €562,419 | €562,419 | = | 0.0% |
| Reserves | 13 | €5,530,546 | €5,931,618 | +€401,072 | +7.3% |
| Non-distributable reserves | 130/1 | €56,242 | €56,242 | = | 0.0% |
| Legal reserve | 130 | €56,242 | €56,242 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,925,762 | €2,938,162 | +€12,400 | +0.4% |
| Distributable reserves | 133 | €2,548,542 | €2,937,214 | +€388,672 | +15.3% |
| Amounts payable | 17/49 | €12,834,143 | €13,850,160 | +€1.0m | +7.9% |
| Amounts payable after more than one year | 17 | €4,450,496 | €3,960,808 | -€489,688 | -11.0% |
| Financial debts | 170/4 | €4,134,575 | €3,644,887 | -€489,688 | -11.8% |
| Leasing and similar obligations | 172 | €217,562 | €360,173 | +€142,611 | +65.5% |
| Credit institutions | 173 | €3,917,012 | €3,284,713 | -€632,299 | -16.1% |
| Other amounts payable | 178/9 | €315,921 | €315,921 | = | 0.0% |
| Amounts payable within one year | 42/48 | €8,378,661 | €9,860,461 | +€1.5m | +17.7% |
| Current portion of amounts payable after more than one year | 42 | €927,367 | €1,314,897 | +€387,530 | +41.8% |
| Financial debts | 43 | €162,250 | €164,767 | +€2,517 | +1.6% |
| Credit institutions | 430/8 | €162,250 | €164,767 | +€2,517 | +1.6% |
| Trade debts | 44 | €5,967,487 | €7,772,936 | +€1.8m | +30.3% |
| Suppliers | 440/4 | €5,967,487 | €7,772,936 | +€1.8m | +30.3% |
| Taxes, remuneration and social security | 45 | €373,766 | €376,531 | +€2,765 | +0.7% |
| Taxes | 450/3 | €30,309 | €27,869 | -€2,440 | -8.0% |
| Remuneration and social security | 454/9 | €343,457 | €348,661 | +€5,204 | +1.5% |
| Other amounts payable | 47/48 | €947,792 | €231,330 | -€716,461 | -75.6% |
| Accrued charges and deferred income | 492/3 | €4,985 | €28,891 | +€23,905 | +479.5% |
| Operating income | 70/76A | €92,128,468 | €100,328,839 | +€8.2m | +8.9% |
| Turnover | 70 | €91,788,682 | €99,911,146 | +€8.1m | +8.8% |
| Other operating income | 74 | €339,787 | €386,175 | +€46,388 | +13.7% |
| Non-recurring operating income | 76A | €0 | €31,518 | +€31,518 | |
| Operating charges | 60/66A | €91,619,367 | €99,327,617 | +€7.7m | +8.4% |
| Goods for resale, raw materials and consumables | 60 | €77,896,045 | €83,423,148 | +€5.5m | +7.1% |
| Purchases | 600/8 | €79,492,261 | €82,167,957 | +€2.7m | +3.4% |
| Change in stocks: decrease (increase) | 609 | -€1,596,217 | €1,255,191 | +€2.9m | |
| Services and other goods | 61 | €9,998,704 | €11,788,082 | +€1.8m | +17.9% |
| Remuneration, social security and pensions | 62 | €2,888,855 | €3,061,812 | +€172,957 | +6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €755,198 | €978,787 | +€223,589 | +29.6% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €80,565 | €75,183 | -€5,382 | -6.7% |
| Non-recurring operating charges | 66A | - | €605 | +€605 | |
| Operating profit (loss) | 9901 | €509,101 | €1,001,222 | +€492,121 | +96.7% |
| Financial income | 75/76B | €98,856 | €153,212 | +€54,356 | +55.0% |
| Recurring financial income | 75 | €98,856 | €153,212 | +€54,356 | +55.0% |
| Other financial income | 752/9 | €98,856 | €153,212 | +€54,356 | +55.0% |
| Financial charges | 65/66B | €254,653 | €446,353 | +€191,700 | +75.3% |
| Recurring financial charges | 65 | €254,653 | €446,353 | +€191,700 | +75.3% |
| Debt charges | 650 | €120,078 | €125,739 | +€5,660 | +4.7% |
| Other financial charges | 652/9 | €134,574 | €320,614 | +€186,040 | +138.2% |
| Profit (loss) for the period before taxes | 9903 | €353,304 | €708,081 | +€354,776 | +100.4% |
| Income taxes | 67/77 | €1,967 | €107,008 | +€105,042 | +5340.6% |
| Taxes | 670/3 | €2,000 | €107,008 | +€105,008 | +5250.4% |
| Tax adjustments and reversals of tax provisions | 77 | €33 | €0 | -€33 | -100.0% |
| Profit (loss) for the period | 9904 | €351,337 | €601,072 | +€249,735 | +71.1% |
| Transfer to tax-exempt reserves | 689 | - | €12,400 | +€12,400 | |
| Profit (loss) for the period to be appropriated | 9905 | €351,337 | €588,672 | +€237,335 | +67.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.