DELHAYE: 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.
DELHAYE
Largest movements
- Tangible fixed assets +€178,157
up €178,157 (+241.3%), from €73,842 to €251,999
of which Land and buildings: +€168,888
- Cash +€19,540
up €19,540 (+22.6%), from €86,516 to €106,056
mainly Debts after one year (+€175,285) and Depreciation (+€30,350)
- Receivables within one year -€14,232
down €14,232 (-53.6%), from €26,530 to €12,298
of which Trade receivables: -€24,107
- Debts after one year +€175,285
up €175,285 (+702.0%), from €24,970 to €200,256
of which Financial debts: +€150,285
- Current portion of long-term debt +€14,352
up €14,352 (+82.6%), from €17,369 to €31,721
- Profit (loss) carried forward -€10,443
down €10,443 (-58.1%), from €17,987 to €7,544
- Other debts +€4,560
up €4,560 (+5.9%), from €77,455 to €82,014
- Other operating charges +€24,617
up €24,617 (+2715.1%), from €907 to €25,524
- Depreciation +€11,822
up €11,822 (+63.8%), from €18,528 to €30,350
- Taxes -€11,462
down €11,462 (-98.7%), from €11,615 to €153
- Gross operating margin -€11,441
down €11,441 (-18.0%), from €63,608 to €52,166
- Financial charges +€5,692
up €5,692 (+611.9%), from €930 to €6,622
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 | €187,256 | €371,618 | +€184,363 | +98.5% |
| Fixed assets | 21/28 | €73,852 | €252,009 | +€178,157 | +241.2% |
| Intangible fixed assets | 21 | €10 | €10 | = | 0.0% |
| Tangible fixed assets | 22/27 | €73,842 | €251,999 | +€178,157 | +241.3% |
| Land and buildings | 22 | - | €168,888 | +€168,888 | |
| Plant, machinery and equipment | 23 | €29,368 | €23,247 | -€6,121 | -20.8% |
| Furniture and vehicles | 24 | €27,074 | €59,864 | +€32,790 | +121.1% |
| Assets under construction and advance payments | 27 | €17,400 | - | -€17,400 | |
| Current assets | 29/58 | €113,404 | €119,609 | +€6,205 | +5.5% |
| Amounts receivable within one year | 40/41 | €26,530 | €12,298 | -€14,232 | -53.6% |
| Trade receivables | 40 | €26,530 | €2,423 | -€24,107 | -90.9% |
| Other amounts receivable | 41 | - | €9,875 | +€9,875 | |
| Cash at bank and in hand | 54/58 | €86,516 | €106,056 | +€19,540 | +22.6% |
| Deferred charges and accrued income | 490/1 | €357 | €1,255 | +€897 | +251.0% |
| Total equity and liabilities | 10/49 | €187,256 | €371,618 | +€184,363 | +98.5% |
| Equity | 10/15 | €57,547 | €47,104 | -€10,443 | -18.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €33,360 | €33,360 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €31,500 | €31,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,987 | €7,544 | -€10,443 | -58.1% |
| Amounts payable | 17/49 | €129,709 | €324,515 | +€194,805 | +150.2% |
| Amounts payable after more than one year | 17 | €24,970 | €200,256 | +€175,285 | +702.0% |
| Financial debts | 170/4 | €24,970 | €175,256 | +€150,285 | +601.9% |
| Other amounts payable | 178/9 | - | €25,000 | +€25,000 | |
| Amounts payable within one year | 42/48 | €104,739 | €124,259 | +€19,520 | +18.6% |
| Current portion of amounts payable after more than one year | 42 | €17,369 | €31,721 | +€14,352 | +82.6% |
| Trade debts | 44 | €0 | €620 | +€620 | |
| Suppliers | 440/4 | €0 | €620 | +€620 | |
| Taxes, remuneration and social security | 45 | €9,915 | €9,903 | -€12 | -0.1% |
| Taxes | 450/3 | €9,915 | €9,903 | -€12 | -0.1% |
| Other amounts payable | 47/48 | €77,455 | €82,014 | +€4,560 | +5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,528 | €30,350 | +€11,822 | +63.8% |
| Other operating charges | 640/8 | €907 | €25,524 | +€24,617 | +2715.1% |
| Gross operating margin | 9900 | €63,608 | €52,166 | -€11,441 | -18.0% |
| Operating profit (loss) | 9901 | €44,173 | -€3,707 | -€47,880 | |
| Financial income | 75/76B | €267 | €40 | -€227 | -85.2% |
| Recurring financial income | 75 | €267 | €40 | -€227 | -85.2% |
| Financial charges | 65/66B | €930 | €6,622 | +€5,692 | +611.9% |
| Recurring financial charges | 65 | €930 | €6,622 | +€5,692 | +611.9% |
| Profit (loss) for the period before taxes | 9903 | €43,510 | -€10,290 | -€53,800 | |
| Income taxes | 67/77 | €11,615 | €153 | -€11,462 | -98.7% |
| Profit (loss) for the period | 9904 | €31,895 | -€10,443 | -€42,338 | |
| Profit (loss) for the period to be appropriated | 9905 | €31,895 | -€10,443 | -€42,338 |
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 30 September 2026 via checked.be.