Delhaize Gent Ster: what changed
Delhaize Gent Ster
Largest movements
- Tangible fixed assets +€215,997
up €215,997 (+238%), from €90,607 to €306,604
of which Plant, machinery and equipment: +€151,015
- Receivables within one year -€74,878
down €74,878 (-51.1%), from €146,588 to €71,711
of which Trade receivables: -€51,263
- Stocks and contracts +€62,627
up €62,627 (+8.6%), from €730,595 to €793,222
- Deferred charges and accrued income +€58,978
up €58,978 (+346%), from €17,069 to €76,047
- Cash -€19,350
down €19,350 (-5.1%), from €376,180 to €356,830
mainly Investment in fixed assets (net) (-€252,739) and Stocks and contracts (-€62,627)
- Profit (loss) carried forward +€145,029
up €145,029, from -€145,029 to €0
- Tax, wage and social debts +€52,168
up €52,168 (+23.6%), from €220,597 to €272,764
of which Remuneration and social security: +€38,184
- Debts after one year +€32,091
up €32,091 (+3.1%), from €1.0m to €1.1m
of which Financial debts: +€32,091
- Gross operating margin +€792,705
up €792,705 (+58.2%), from €1.4m to €2.2m
- Staff costs +€467,753
up €467,753 (+31.8%), from €1.5m to €1.9m
- Depreciation +€30,421
up €30,421 (+481%), from €6,320 to €36,741
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 | €1,361,538 | €1,604,913 | +€243,375 | +17.9% |
| Fixed assets | 21/28 | €91,107 | €307,104 | +€215,997 | +237% |
| Tangible fixed assets | 22/27 | €90,607 | €306,604 | +€215,997 | +238% |
| Plant, machinery and equipment | 23 | €24,182 | €175,198 | +€151,015 | +624% |
| Furniture and vehicles | 24 | €3,833 | €3,013 | -€820 | -21.4% |
| Other tangible fixed assets | 26 | €62,592 | €128,394 | +€65,802 | +105% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €1,270,432 | €1,297,809 | +€27,377 | +2.2% |
| Stocks and contracts in progress | 3 | €730,595 | €793,222 | +€62,627 | +8.6% |
| Stocks | 30/36 | €730,595 | €793,222 | +€62,627 | +8.6% |
| Amounts receivable within one year | 40/41 | €146,588 | €71,711 | -€74,878 | -51.1% |
| Trade receivables | 40 | €113,542 | €62,279 | -€51,263 | -45.1% |
| Other amounts receivable | 41 | €33,046 | €9,432 | -€23,615 | -71.5% |
| Cash at bank and in hand | 54/58 | €376,180 | €356,830 | -€19,350 | -5.1% |
| Deferred charges and accrued income | 490/1 | €17,069 | €76,047 | +€58,978 | +346% |
| Total equity and liabilities | 10/49 | €1,361,538 | €1,604,913 | +€243,375 | +17.9% |
| Equity | 10/15 | -€145,029 | €199 | +€145,228 | |
| Reserves | 13 | - | €199 | +€199 | |
| Distributable reserves | 133 | - | €199 | +€199 | |
| Profit (loss) carried forward | 14 | -€145,029 | €0 | +€145,029 | |
| Amounts payable | 17/49 | €1,506,567 | €1,604,713 | +€98,146 | +6.5% |
| Amounts payable after more than one year | 17 | €1,044,997 | €1,077,088 | +€32,091 | +3.1% |
| Financial debts | 170/4 | €894,997 | €927,088 | +€32,091 | +3.6% |
| Other amounts payable | 178/9 | €150,000 | €150,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €411,269 | €475,760 | +€64,490 | +15.7% |
| Trade debts | 44 | €185,184 | €200,029 | +€14,845 | +8.0% |
| Suppliers | 440/4 | €185,184 | €200,029 | +€14,845 | +8.0% |
| Taxes, remuneration and social security | 45 | €220,597 | €272,764 | +€52,168 | +23.6% |
| Taxes | 450/3 | €14,691 | €28,674 | +€13,983 | +95.2% |
| Remuneration and social security | 454/9 | €205,905 | €244,090 | +€38,184 | +18.5% |
| Other amounts payable | 47/48 | €5,489 | €2,966 | -€2,522 | -46.0% |
| Accrued charges and deferred income | 492/3 | €50,300 | €51,866 | +€1,566 | +3.1% |
| Remuneration, social security and pensions | 62 | €1,470,197 | €1,937,950 | +€467,753 | +31.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,320 | €36,741 | +€30,421 | +481% |
| Other operating charges | 640/8 | €21,389 | €9,792 | -€11,598 | -54.2% |
| Gross operating margin | 9900 | €1,360,896 | €2,153,601 | +€792,705 | +58.2% |
| Operating profit (loss) | 9901 | -€137,010 | €169,118 | +€306,128 | |
| Financial income | 75/76B | €761 | €479 | -€282 | -37.1% |
| Recurring financial income | 75 | €761 | €479 | -€282 | -37.1% |
| Financial charges | 65/66B | €8,518 | €11,435 | +€2,917 | +34.2% |
| Recurring financial charges | 65 | €8,518 | €11,435 | +€2,917 | +34.2% |
| Profit (loss) for the period before taxes | 9903 | -€144,767 | €158,162 | +€302,929 | |
| Income taxes | 67/77 | €262 | €12,934 | +€12,672 | +4,841% |
| Profit (loss) for the period | 9904 | -€145,029 | €145,228 | +€290,257 | |
| Profit (loss) for the period to be appropriated | 9905 | -€145,029 | €145,228 | +€290,257 |
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 6 November 2026 via checked.be.