DELFORGE FOOD: 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.
DELFORGE FOOD
Largest movements
- Cash +€68,442
up €68,442 (+51.8%), from €132,140 to €200,582
mainly Receivables within one year (+€61,400) and Other debts (+€34,527)
- Receivables within one year -€61,400
down €61,400 (-80.2%), from €76,529 to €15,129
of which Trade receivables: -€54,224
- Tangible fixed assets +€4,653
up €4,653 (+7.4%), from €62,655 to €67,308
of which Plant, machinery and equipment: +€3,224
- Other debts +€34,527
up €34,527, from €0 to €34,527
- Profit (loss) carried forward -€21,000
down €21,000 (-13.0%), from €160,927 to €139,927
- Trade debts +€13,210
up €13,210 (+40.1%), from €32,953 to €46,163
- Debts after one year -€7,997
down €7,997 (-27.6%), from €28,974 to €20,977
- Accrued charges and deferred income -€3,770
no longer reported in 2025 (was €3,770)
- Staff costs +€29,063
up €29,063 (+18.5%), from €156,841 to €185,904
- Gross operating margin -€19,500
down €19,500 (-7.9%), from €247,695 to €228,194
- Taxes -€10,309
down €10,309 (-70.0%), from €14,717 to €4,408
- Depreciation +€9,881
up €9,881 (+165.7%), from €5,963 to €15,844
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 | €280,429 | €292,726 | +€12,297 | +4.4% |
| Fixed assets | 21/28 | €62,655 | €69,030 | +€6,375 | +10.2% |
| Tangible fixed assets | 22/27 | €62,655 | €67,308 | +€4,653 | +7.4% |
| Plant, machinery and equipment | 23 | €55,028 | €58,253 | +€3,224 | +5.9% |
| Furniture and vehicles | 24 | €7,627 | €9,055 | +€1,428 | +18.7% |
| Financial fixed assets | 28 | - | €1,723 | +€1,723 | |
| Current assets | 29/58 | €217,774 | €223,696 | +€5,921 | +2.7% |
| Amounts receivable within one year | 40/41 | €76,529 | €15,129 | -€61,400 | -80.2% |
| Trade receivables | 40 | €63,752 | €9,528 | -€54,224 | -85.1% |
| Other amounts receivable | 41 | €12,776 | €5,601 | -€7,175 | -56.2% |
| Cash at bank and in hand | 54/58 | €132,140 | €200,582 | +€68,442 | +51.8% |
| Deferred charges and accrued income | 490/1 | €9,105 | €7,985 | -€1,121 | -12.3% |
| Total equity and liabilities | 10/49 | €280,429 | €292,726 | +€12,297 | +4.4% |
| Equity | 10/15 | €162,927 | €141,927 | -€21,000 | -12.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €160,927 | €139,927 | -€21,000 | -13.0% |
| Amounts payable | 17/49 | €117,503 | €150,799 | +€33,297 | +28.3% |
| Amounts payable after more than one year | 17 | €28,974 | €20,977 | -€7,997 | -27.6% |
| Financial debts | 170/4 | €28,974 | €20,977 | -€7,997 | -27.6% |
| Amounts payable within one year | 42/48 | €84,758 | €129,822 | +€45,064 | +53.2% |
| Current portion of amounts payable after more than one year | 42 | €7,624 | €7,997 | +€373 | +4.9% |
| Financial debts | 43 | €177 | - | -€177 | |
| Credit institutions | 430/8 | €177 | - | -€177 | |
| Trade debts | 44 | €32,953 | €46,163 | +€13,210 | +40.1% |
| Suppliers | 440/4 | €32,953 | €46,163 | +€13,210 | +40.1% |
| Taxes, remuneration and social security | 45 | €44,004 | €41,135 | -€2,869 | -6.5% |
| Taxes | 450/3 | €28,117 | €19,526 | -€8,591 | -30.6% |
| Remuneration and social security | 454/9 | €15,887 | €21,609 | +€5,721 | +36.0% |
| Other amounts payable | 47/48 | €0 | €34,527 | +€34,527 | |
| Accrued charges and deferred income | 492/3 | €3,770 | - | -€3,770 | |
| Turnover | 70 | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €156,841 | €185,904 | +€29,063 | +18.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,963 | €15,844 | +€9,881 | +165.7% |
| Other operating charges | 640/8 | €141 | €194 | +€54 | +38.1% |
| Gross operating margin | 9900 | €247,695 | €228,194 | -€19,500 | -7.9% |
| Operating profit (loss) | 9901 | €84,750 | €26,251 | -€58,498 | -69.0% |
| Financial income | 75/76B | €411 | €754 | +€343 | +83.7% |
| Recurring financial income | 75 | €411 | €754 | +€343 | +83.7% |
| Financial charges | 65/66B | €7,373 | €9,070 | +€1,697 | +23.0% |
| Recurring financial charges | 65 | €7,373 | €9,070 | +€1,697 | +23.0% |
| Profit (loss) for the period before taxes | 9903 | €77,787 | €17,935 | -€59,852 | -76.9% |
| Income taxes | 67/77 | €14,717 | €4,408 | -€10,309 | -70.0% |
| Profit (loss) for the period | 9904 | €63,071 | €13,527 | -€49,543 | -78.6% |
| Profit (loss) for the period to be appropriated | 9905 | €63,071 | €13,527 | -€49,543 | -78.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.