Delhaize Izegem: 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.
Delhaize Izegem
Largest movements
- Cash +€1.6m
up €1.6m (+129.6%), from €1.2m to €2.8m
mainly Debts after one year (+€1.4m) and Current investments (+€750,000)
- Current investments -€750,000
down €750,000 (-100.0%), from €750,000 to €0
- Tangible fixed assets +€107,476
up €107,476 (+54.8%), from €196,150 to €303,626
of which Plant, machinery and equipment: +€101,989
- Stocks and contracts -€68,898
down €68,898 (-7.0%), from €988,689 to €919,791
- Debts after one year +€1.4m
up €1.4m (+668.1%), from €210,000 to €1.6m
- Trade debts -€1.2m
down €1.2m (-72.5%), from €1.6m to €446,296
- Reserves +€441,893
up €441,893 (+64.7%), from €683,450 to €1.1m
- Tax, wage and social debts +€93,424
up €93,424 (+15.9%), from €588,348 to €681,772
of which Taxes: +€126,982
- Other debts +€58,239
up €58,239 (+864.2%), from €6,739 to €64,978
- Gross operating margin -€1.5m
down €1.5m (-34.6%), from €4.4m to €2.9m
- Staff costs -€1.2m
down €1.2m (-36.5%), from €3.4m to €2.2m
- Taxes -€83,752
down €83,752 (-35.4%), from €236,670 to €152,919
- Other operating charges -€48,378
down €48,378 (-87.1%), from €55,551 to €7,173
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 | €3,338,691 | €4,170,774 | +€832,082 | +24.9% |
| Fixed assets | 21/28 | €196,188 | €303,626 | +€107,438 | +54.8% |
| Tangible fixed assets | 22/27 | €196,150 | €303,626 | +€107,476 | +54.8% |
| Plant, machinery and equipment | 23 | €185,050 | €287,039 | +€101,989 | +55.1% |
| Furniture and vehicles | 24 | - | €1,497 | +€1,497 | |
| Other tangible fixed assets | 26 | €11,100 | €15,090 | +€3,990 | +35.9% |
| Financial fixed assets | 28 | €38 | €0 | -€38 | -100.0% |
| Current assets | 29/58 | €3,142,504 | €3,867,148 | +€724,644 | +23.1% |
| Stocks and contracts in progress | 3 | €988,689 | €919,791 | -€68,898 | -7.0% |
| Stocks | 30/36 | €988,689 | €919,791 | -€68,898 | -7.0% |
| Amounts receivable within one year | 40/41 | €199,949 | €180,245 | -€19,704 | -9.9% |
| Trade receivables | 40 | €195,128 | €168,117 | -€27,012 | -13.8% |
| Other amounts receivable | 41 | €4,821 | €12,129 | +€7,308 | +151.6% |
| Current investments | 50/53 | €750,000 | €0 | -€750,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €1,198,944 | €2,752,444 | +€1.6m | +129.6% |
| Deferred charges and accrued income | 490/1 | €4,921 | €14,668 | +€9,746 | +198.0% |
| Total equity and liabilities | 10/49 | €3,338,691 | €4,170,774 | +€832,082 | +24.9% |
| Equity | 10/15 | €883,450 | €1,325,343 | +€441,893 | +50.0% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €683,450 | €1,125,343 | +€441,893 | +64.7% |
| Distributable reserves | 133 | €683,450 | €1,125,343 | +€441,893 | +64.7% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €2,455,241 | €2,845,430 | +€390,189 | +15.9% |
| Amounts payable after more than one year | 17 | €210,000 | €1,613,039 | +€1.4m | +668.1% |
| Financial debts | 170/4 | €210,000 | €1,613,039 | +€1.4m | +668.1% |
| Amounts payable within one year | 42/48 | €2,215,145 | €1,193,047 | -€1.0m | -46.1% |
| Trade debts | 44 | €1,620,057 | €446,296 | -€1.2m | -72.5% |
| Suppliers | 440/4 | €1,620,057 | €446,296 | -€1.2m | -72.5% |
| Taxes, remuneration and social security | 45 | €588,348 | €681,772 | +€93,424 | +15.9% |
| Taxes | 450/3 | €270,031 | €397,014 | +€126,982 | +47.0% |
| Remuneration and social security | 454/9 | €318,317 | €284,759 | -€33,559 | -10.5% |
| Other amounts payable | 47/48 | €6,739 | €64,978 | +€58,239 | +864.2% |
| Accrued charges and deferred income | 492/3 | €30,096 | €39,344 | +€9,248 | +30.7% |
| Non-recurring operating income | 76A | - | €5,250 | +€5,250 | |
| Remuneration, social security and pensions | 62 | €3,404,283 | €2,161,386 | -€1.2m | -36.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,995 | €61,430 | +€42,435 | +223.4% |
| Other operating charges | 640/8 | €55,551 | €7,173 | -€48,378 | -87.1% |
| Gross operating margin | 9900 | €4,401,453 | €2,880,594 | -€1.5m | -34.6% |
| Operating profit (loss) | 9901 | €922,624 | €650,605 | -€272,019 | -29.5% |
| Financial income | 75/76B | €17,077 | €26,662 | +€9,586 | +56.1% |
| Recurring financial income | 75 | €17,077 | €26,662 | +€9,586 | +56.1% |
| Financial charges | 65/66B | €19,580 | €22,456 | +€2,876 | +14.7% |
| Recurring financial charges | 65 | €19,580 | €22,456 | +€2,876 | +14.7% |
| Profit (loss) for the period before taxes | 9903 | €920,121 | €654,812 | -€265,309 | -28.8% |
| Income taxes | 67/77 | €236,670 | €152,919 | -€83,752 | -35.4% |
| Profit (loss) for the period | 9904 | €683,450 | €501,893 | -€181,558 | -26.6% |
| Profit (loss) for the period to be appropriated | 9905 | €683,450 | €501,893 | -€181,558 | -26.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.