DELI KAPEL: what changed
DELI KAPEL
Largest movements
- Tangible fixed assets -€21,143
down €21,143 (-19.3%), from €109,341 to €88,198
of which Other tangible fixed assets: -€18,656
- Cash +€5,957
up €5,957 (+17.2%), from €34,597 to €40,554
mainly Depreciation (+€37,608) and Trade debts (+€8,190)
- Current portion of long-term debt -€19,342
down €19,342 (-58.5%), from €33,042 to €13,700
- Debts after one year -€13,981
down €13,981 (-45.0%), from €31,067 to €17,087
- Trade debts +€8,190
up €8,190 (+16.4%), from €49,819 to €58,009
- Profit (loss) carried forward +€6,638
up €6,638 (+22.5%), from €29,454 to €36,092
- Tax, wage and social debts +€2,322
up €2,322 (+16.5%), from €14,082 to €16,404
of which Remuneration and social security: +€2,322
- Staff costs +€26,338
up €26,338 (+13.7%), from €192,625 to €218,963
- Gross operating margin +€23,004
up €23,004 (+9.2%), from €251,244 to €274,248
- Depreciation +€4,075
up €4,075 (+12.2%), from €33,533 to €37,608
- Taxes -€3,903
no longer reported in 2025 (was €3,903)
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 | €177,916 | €161,743 | -€16,173 | -9.1% |
| Fixed assets | 21/28 | €110,363 | €89,220 | -€21,143 | -19.2% |
| Tangible fixed assets | 22/27 | €109,341 | €88,198 | -€21,143 | -19.3% |
| Plant, machinery and equipment | 23 | €59,817 | €57,329 | -€2,488 | -4.2% |
| Other tangible fixed assets | 26 | €49,525 | €30,869 | -€18,656 | -37.7% |
| Financial fixed assets | 28 | €1,022 | €1,022 | = | 0.0% |
| Current assets | 29/58 | €67,553 | €72,523 | +€4,971 | +7.4% |
| Stocks and contracts in progress | 3 | €4,022 | €4,022 | = | 0.0% |
| Stocks | 30/36 | €4,022 | €4,022 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €28,934 | €27,947 | -€986 | -3.4% |
| Trade receivables | 40 | €9,417 | €11,421 | +€2,004 | +21.3% |
| Other amounts receivable | 41 | €19,516 | €16,526 | -€2,990 | -15.3% |
| Cash at bank and in hand | 54/58 | €34,597 | €40,554 | +€5,957 | +17.2% |
| Total equity and liabilities | 10/49 | €177,916 | €161,743 | -€16,173 | -9.1% |
| Equity | 10/15 | €49,906 | €56,543 | +€6,638 | +13.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,454 | €36,092 | +€6,638 | +22.5% |
| Amounts payable | 17/49 | €128,011 | €105,200 | -€22,811 | -17.8% |
| Amounts payable after more than one year | 17 | €31,067 | €17,087 | -€13,981 | -45.0% |
| Financial debts | 170/4 | €31,067 | €17,087 | -€13,981 | -45.0% |
| Amounts payable within one year | 42/48 | €96,943 | €88,113 | -€8,830 | -9.1% |
| Current portion of amounts payable after more than one year | 42 | €33,042 | €13,700 | -€19,342 | -58.5% |
| Trade debts | 44 | €49,819 | €58,009 | +€8,190 | +16.4% |
| Suppliers | 440/4 | €49,819 | €58,009 | +€8,190 | +16.4% |
| Taxes, remuneration and social security | 45 | €14,082 | €16,404 | +€2,322 | +16.5% |
| Taxes | 450/3 | €3,403 | €3,403 | = | 0.0% |
| Remuneration and social security | 454/9 | €10,679 | €13,001 | +€2,322 | +21.7% |
| Remuneration, social security and pensions | 62 | €192,625 | €218,963 | +€26,338 | +13.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,533 | €37,608 | +€4,075 | +12.2% |
| Other operating charges | 640/8 | €7,803 | €8,171 | +€368 | +4.7% |
| Gross operating margin | 9900 | €251,244 | €274,248 | +€23,004 | +9.2% |
| Operating profit (loss) | 9901 | €17,283 | €9,506 | -€7,777 | -45.0% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €3,170 | €2,868 | -€302 | -9.5% |
| Recurring financial charges | 65 | €3,170 | €2,868 | -€302 | -9.5% |
| Profit (loss) for the period before taxes | 9903 | €14,113 | €6,638 | -€7,475 | -53.0% |
| Income taxes | 67/77 | €3,903 | - | -€3,903 | |
| Profit (loss) for the period | 9904 | €10,210 | €6,638 | -€3,572 | -35.0% |
| Profit (loss) for the period to be appropriated | 9905 | €10,210 | €6,638 | -€3,572 | -35.0% |
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.