DELHAYE: 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.
DELHAYE
Largest movements
- Current investments +€50,797
up €50,797 (+186%), from €27,260 to €78,056
- Cash -€26,826
down €26,826 (-35.5%), from €75,590 to €48,764
mainly Current investments (-€50,797) and Contributions, distributions and other (-€9,800)
- Tangible fixed assets -€5,044
down €5,044 (-24.0%), from €21,027 to €15,983
of which Furniture and vehicles: -€3,576
- Stocks and contracts +€2,856
up €2,856 (+16.5%), from €17,324 to €20,179
- Advances received +€24,464
new in 2025: €24,464
- Other debts -€8,433
down €8,433 (-40.6%), from €20,789 to €12,356
- Trade debts +€4,247
up €4,247 (+211%), from €2,012 to €6,259
- Tax, wage and social debts +€3,244
up €3,244 (+103%), from €3,150 to €6,393
of which Taxes: +€3,244
- Gross operating margin -€9,547
down €9,547 (-35.7%), from €26,738 to €17,191
- Financial income -€5,066
down €5,066 (-76.4%), from €6,627 to €1,562
- Depreciation -€3,633
down €3,633 (-39.1%), from €9,300 to €5,667
- Financial charges -€1,730
down €1,730 (-91.1%), from €1,899 to €170
- Taxes -€451
down €451 (-15.2%), from €2,964 to €2,513
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.
Derived cash bridge
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 | €165,627 | €189,184 | +€23,557 | +14.2% |
| Fixed assets | 21/28 | €21,027 | €15,983 | -€5,044 | -24.0% |
| Tangible fixed assets | 22/27 | €21,027 | €15,983 | -€5,044 | -24.0% |
| Land and buildings | 22 | €5,194 | €3,877 | -€1,317 | -25.3% |
| Plant, machinery and equipment | 23 | €151 | - | -€151 | |
| Furniture and vehicles | 24 | €15,682 | €12,106 | -€3,576 | -22.8% |
| Current assets | 29/58 | €144,600 | €173,200 | +€28,600 | +19.8% |
| Stocks and contracts in progress | 3 | €17,324 | €20,179 | +€2,856 | +16.5% |
| Stocks | 30/36 | €17,324 | €20,179 | +€2,856 | +16.5% |
| Amounts receivable within one year | 40/41 | €24,044 | €25,679 | +€1,635 | +6.8% |
| Trade receivables | 40 | €20,801 | €23,722 | +€2,921 | +14.0% |
| Other amounts receivable | 41 | €3,243 | €1,957 | -€1,286 | -39.7% |
| Current investments | 50/53 | €27,260 | €78,056 | +€50,797 | +186% |
| Cash at bank and in hand | 54/58 | €75,590 | €48,764 | -€26,826 | -35.5% |
| Deferred charges and accrued income | 490/1 | €383 | €522 | +€139 | +36.3% |
| Total equity and liabilities | 10/49 | €165,627 | €189,184 | +€23,557 | +14.2% |
| Equity | 10/15 | €139,676 | €139,711 | +€34 | 0.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €124,587 | €124,587 | = | 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 | €122,727 | €122,727 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,889 | €8,924 | +€34 | +0.4% |
| Amounts payable | 17/49 | €25,951 | €49,473 | +€23,522 | +90.6% |
| Amounts payable within one year | 42/48 | €25,951 | €49,473 | +€23,522 | +90.6% |
| Trade debts | 44 | €2,012 | €6,259 | +€4,247 | +211% |
| Suppliers | 440/4 | €2,012 | €6,259 | +€4,247 | +211% |
| Advances received on contracts in progress | 46 | - | €24,464 | +€24,464 | |
| Taxes, remuneration and social security | 45 | €3,150 | €6,393 | +€3,244 | +103% |
| Taxes | 450/3 | €2,793 | €6,036 | +€3,244 | +116% |
| Remuneration and social security | 454/9 | €357 | €357 | = | 0.0% |
| Other amounts payable | 47/48 | €20,789 | €12,356 | -€8,433 | -40.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,300 | €5,667 | -€3,633 | -39.1% |
| Other operating charges | 640/8 | €547 | €569 | +€22 | +4.1% |
| Gross operating margin | 9900 | €26,738 | €17,191 | -€9,547 | -35.7% |
| Operating profit (loss) | 9901 | €16,891 | €10,955 | -€5,936 | -35.1% |
| Financial income | 75/76B | €6,627 | €1,562 | -€5,066 | -76.4% |
| Recurring financial income | 75 | €6,627 | €1,562 | -€5,066 | -76.4% |
| Financial charges | 65/66B | €1,899 | €170 | -€1,730 | -91.1% |
| Recurring financial charges | 65 | €1,899 | €170 | -€1,730 | -91.1% |
| Profit (loss) for the period before taxes | 9903 | €21,619 | €12,347 | -€9,272 | -42.9% |
| Income taxes | 67/77 | €2,964 | €2,513 | -€451 | -15.2% |
| Profit (loss) for the period | 9904 | €18,656 | €9,834 | -€8,821 | -47.3% |
| Profit (loss) for the period to be appropriated | 9905 | €18,656 | €9,834 | -€8,821 | -47.3% |
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 25 October 2026 via checked.be.