DELEMEAT: 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.
DELEMEAT
Largest movements
- Financial fixed assets -€352,500
down €352,500 (-58.7%), from €600,530 to €248,030
- Tangible fixed assets +€258,571
up €258,571 (+28.9%), from €895,032 to €1.2m
of which Leasing and similar rights: +€207,828
- Receivables within one year +€222,691
up €222,691 (+20.6%), from €1.1m to €1.3m
of which Trade receivables: +€271,232
- Stocks and contracts +€191,052
up €191,052 (+40.9%), from €467,286 to €658,338
- Trade debts +€439,868
up €439,868 (+37.5%), from €1.2m to €1.6m
- Other debts -€352,500
down €352,500 (-100.0%), from €352,500 to €0
- Short-term financial debts +€80,842
up €80,842 (+17.3%), from €466,818 to €547,660
- Debts after one year +€56,599
up €56,599 (+13.9%), from €408,223 to €464,822
- Current portion of long-term debt +€55,459
up €55,459 (+52.9%), from €104,917 to €160,376
- Gross operating margin +€263,490
up €263,490 (+25.8%), from €1.0m to €1.3m
- Depreciation +€56,772
up €56,772 (+42.9%), from €132,390 to €189,161
- Write-downs +€40,614
up €40,614, from -€1,651 to €38,963
- Financial charges +€20,952
up €20,952 (+54.8%), from €38,208 to €59,160
- Staff costs +€18,522
up €18,522 (+2.0%), from €946,519 to €965,041
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 | €3,360,757 | €3,695,765 | +€335,008 | +10.0% |
| Fixed assets | 21/28 | €1,608,865 | €1,511,436 | -€97,429 | -6.1% |
| Intangible fixed assets | 21 | €113,303 | €109,802 | -€3,500 | -3.1% |
| Tangible fixed assets | 22/27 | €895,032 | €1,153,603 | +€258,571 | +28.9% |
| Land and buildings | 22 | €437,054 | €436,135 | -€919 | -0.2% |
| Plant, machinery and equipment | 23 | €379,757 | €445,239 | +€65,481 | +17.2% |
| Furniture and vehicles | 24 | €34,314 | €20,495 | -€13,820 | -40.3% |
| Leasing and similar rights | 25 | €43,906 | €251,735 | +€207,828 | +473.3% |
| Financial fixed assets | 28 | €600,530 | €248,030 | -€352,500 | -58.7% |
| Current assets | 29/58 | €1,751,892 | €2,184,329 | +€432,437 | +24.7% |
| Stocks and contracts in progress | 3 | €467,286 | €658,338 | +€191,052 | +40.9% |
| Stocks | 30/36 | €467,286 | €658,338 | +€191,052 | +40.9% |
| Amounts receivable within one year | 40/41 | €1,081,817 | €1,304,508 | +€222,691 | +20.6% |
| Trade receivables | 40 | €1,033,276 | €1,304,508 | +€271,232 | +26.2% |
| Other amounts receivable | 41 | €48,541 | €0 | -€48,541 | -100.0% |
| Cash at bank and in hand | 54/58 | €158,836 | €149,964 | -€8,873 | -5.6% |
| Deferred charges and accrued income | 490/1 | €43,952 | €71,519 | +€27,567 | +62.7% |
| Total equity and liabilities | 10/49 | €3,360,757 | €3,695,765 | +€335,008 | +10.0% |
| Equity | 10/15 | €701,479 | €739,365 | +€37,886 | +5.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €44,621 | €44,621 | = | 0.0% |
| Reserves | 13 | €638,258 | €676,144 | +€37,886 | +5.9% |
| Tax-exempt reserves | 132 | €58,689 | €58,689 | = | 0.0% |
| Distributable reserves | 133 | €579,570 | €617,455 | +€37,886 | +6.5% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €2,659,278 | €2,956,400 | +€297,122 | +11.2% |
| Amounts payable after more than one year | 17 | €408,223 | €464,822 | +€56,599 | +13.9% |
| Financial debts | 170/4 | €408,223 | €464,822 | +€56,599 | +13.9% |
| Amounts payable within one year | 42/48 | €2,249,717 | €2,490,106 | +€240,389 | +10.7% |
| Current portion of amounts payable after more than one year | 42 | €104,917 | €160,376 | +€55,459 | +52.9% |
| Financial debts | 43 | €466,818 | €547,660 | +€80,842 | +17.3% |
| Credit institutions | 430/8 | €466,818 | €547,660 | +€80,842 | +17.3% |
| Trade debts | 44 | €1,172,292 | €1,612,160 | +€439,868 | +37.5% |
| Suppliers | 440/4 | €1,172,292 | €1,612,160 | +€439,868 | +37.5% |
| Taxes, remuneration and social security | 45 | €153,190 | €169,910 | +€16,720 | +10.9% |
| Taxes | 450/3 | €8,245 | €34,803 | +€26,558 | +322.1% |
| Remuneration and social security | 454/9 | €144,946 | €135,107 | -€9,839 | -6.8% |
| Other amounts payable | 47/48 | €352,500 | €0 | -€352,500 | -100.0% |
| Accrued charges and deferred income | 492/3 | €1,337 | €1,472 | +€135 | +10.1% |
| Non-recurring operating income | 76A | €5,656 | €2,550 | -€3,106 | -54.9% |
| Remuneration, social security and pensions | 62 | €946,519 | €965,041 | +€18,522 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €132,390 | €189,161 | +€56,772 | +42.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,651 | €38,963 | +€40,614 | |
| Other operating charges | 640/8 | €11,060 | €17,082 | +€6,021 | +54.4% |
| Non-recurring operating charges | 66A | €3,258 | €371 | -€2,887 | -88.6% |
| Gross operating margin | 9900 | €1,021,347 | €1,284,837 | +€263,490 | +25.8% |
| Operating profit (loss) | 9901 | -€70,230 | €74,219 | +€144,448 | |
| Financial income | 75/76B | €24,064 | €24,038 | -€26 | -0.1% |
| Recurring financial income | 75 | €24,064 | €24,038 | -€26 | -0.1% |
| Financial charges | 65/66B | €38,208 | €59,160 | +€20,952 | +54.8% |
| Recurring financial charges | 65 | €38,208 | €59,160 | +€20,952 | +54.8% |
| Profit (loss) for the period before taxes | 9903 | -€84,374 | €39,096 | +€123,470 | |
| Income taxes | 67/77 | €1,212 | €1,210 | -€2 | -0.1% |
| Profit (loss) for the period | 9904 | -€85,586 | €37,886 | +€123,472 | |
| Profit (loss) for the period to be appropriated | 9905 | -€85,586 | €37,886 | +€123,472 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.