DELICACY: 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.
What changed
DELICACY
NACE 10.720, Manufacture of rusks, biscuits and preserved pastry goods
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€123,224
2024 · -€50,196-€73,028
Equity
€804,010
2024 · €928,735-€124,724
Cash
€68,469
2024 · €129,744-€61,275
Balance sheet total
€1.2m
2024 · €1.4m-€149,927
Largest movements
Assets
- Receivables within one year -€69,724
down €69,724 (-8.9%), from €779,182 to €709,458
of which Other amounts receivable: -€97,927
- Cash -€61,275
down €61,275 (-47.2%), from €129,744 to €68,469
mainly Net result for the year (-€123,224) and Investment in fixed assets (net) (-€24,767)
- Tangible fixed assets -€26,478
down €26,478 (-7.0%), from €378,952 to €352,474
of which Land and buildings: -€28,503
Equity and liabilities
- Profit (loss) carried forward -€123,224
down €123,224 (-16.1%), from €766,479 to €643,255
Income statement
- Staff costs +€51,355
up €51,355 (+6.0%), from €858,904 to €910,259
- Gross operating margin -€15,229
down €15,229 (-1.7%), from €870,729 to €855,500
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.
Result 2024
-€50,196
Gross operating margin
-€15,229
Staff costs
-€51,355
Depreciation
-€5,166
Other operating charges
+€439
Financial income
-€2,047
Financial charges
+€428
Taxes
-€98
Result 2025
-€123,224
raises the resultlowers the result
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.
From operations
-€23,780
Investment
-€24,767
Financing
-€12,729
Cash 2024
€129,744
From operations (derived)
-€23,780
Net result for the year
-€123,224
Depreciation
+€50,745
Stocks and contracts
-€7,923
Receivables within one year
+€69,724
Deferred charges and accrued income
+€873
Trade debts
-€9,340
Tax, wage and social debts
+€4,866
Other debts
-€10,000
Accrued charges and deferred income
+€500
Investment (derived)
-€24,767
Investment in fixed assets (net)
-€24,767
Financing
-€12,729
Current portion of long-term debt
-€11,228
Contributions, distributions and other
-€1,500
Cash 2025
€68,469
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,361,768 | €1,211,842 | -€149,927 | -11.0% |
| Fixed assets | 21/28 | €378,952 | €352,974 | -€25,978 | -6.9% |
| Tangible fixed assets | 22/27 | €378,952 | €352,474 | -€26,478 | -7.0% |
| Land and buildings | 22 | €318,468 | €289,965 | -€28,503 | -9.0% |
| Plant, machinery and equipment | 23 | €40,866 | €32,011 | -€8,856 | -21.7% |
| Furniture and vehicles | 24 | €19,618 | €30,498 | +€10,880 | +55.5% |
| Financial fixed assets | 28 | - | €500 | +€500 | |
| Current assets | 29/58 | €982,816 | €858,868 | -€123,948 | -12.6% |
| Stocks and contracts in progress | 3 | €59,506 | €67,429 | +€7,923 | +13.3% |
| Stocks | 30/36 | €59,506 | €67,429 | +€7,923 | +13.3% |
| Amounts receivable within one year | 40/41 | €779,182 | €709,458 | -€69,724 | -8.9% |
| Trade receivables | 40 | €662,039 | €690,242 | +€28,203 | +4.3% |
| Other amounts receivable | 41 | €117,143 | €19,216 | -€97,927 | -83.6% |
| Cash at bank and in hand | 54/58 | €129,744 | €68,469 | -€61,275 | -47.2% |
| Deferred charges and accrued income | 490/1 | €14,384 | €13,512 | -€873 | -6.1% |
| Total equity and liabilities | 10/49 | €1,361,768 | €1,211,842 | -€149,927 | -11.0% |
| Equity | 10/15 | €928,735 | €804,010 | -€124,724 | -13.4% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Capital | 10 | €125,000 | €125,000 | = | 0.0% |
| Issued capital | 100 | €125,000 | €125,000 | = | 0.0% |
| Reserves | 13 | €12,500 | €12,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,500 | €12,500 | = | 0.0% |
| Legal reserve | 130 | €12,500 | €12,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €766,479 | €643,255 | -€123,224 | -16.1% |
| Investment grants | 15 | €24,756 | €23,256 | -€1,500 | -6.1% |
| Amounts payable | 17/49 | €433,034 | €407,831 | -€25,202 | -5.8% |
| Amounts payable within one year | 42/48 | €433,034 | €407,331 | -€25,702 | -5.9% |
| Current portion of amounts payable after more than one year | 42 | €19,552 | €8,323 | -€11,228 | -57.4% |
| Trade debts | 44 | €239,695 | €230,355 | -€9,340 | -3.9% |
| Suppliers | 440/4 | €239,695 | €230,355 | -€9,340 | -3.9% |
| Taxes, remuneration and social security | 45 | €162,475 | €167,342 | +€4,866 | +3.0% |
| Taxes | 450/3 | €6,359 | €9,632 | +€3,273 | +51.5% |
| Remuneration and social security | 454/9 | €156,116 | €157,710 | +€1,593 | +1.0% |
| Other amounts payable | 47/48 | €11,312 | €1,312 | -€10,000 | -88.4% |
| Accrued charges and deferred income | 492/3 | - | €500 | +€500 | |
| Remuneration, social security and pensions | 62 | €858,904 | €910,259 | +€51,355 | +6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,578 | €50,745 | +€5,166 | +11.3% |
| Other operating charges | 640/8 | €6,787 | €6,347 | -€439 | -6.5% |
| Gross operating margin | 9900 | €870,729 | €855,500 | -€15,229 | -1.7% |
| Operating profit (loss) | 9901 | -€40,540 | -€111,851 | -€71,311 | -176% |
| Financial income | 75/76B | €4,166 | €2,119 | -€2,047 | -49.1% |
| Recurring financial income | 75 | €4,166 | €2,119 | -€2,047 | -49.1% |
| Financial charges | 65/66B | €12,860 | €12,432 | -€428 | -3.3% |
| Recurring financial charges | 65 | €12,860 | €12,432 | -€428 | -3.3% |
| Profit (loss) for the period before taxes | 9903 | -€49,234 | -€122,164 | -€72,930 | -148% |
| Income taxes | 67/77 | €962 | €1,060 | +€98 | +10.2% |
| Profit (loss) for the period | 9904 | -€50,196 | -€123,224 | -€73,028 | -145% |
| Profit (loss) for the period to be appropriated | 9905 | -€50,196 | -€123,224 | -€73,028 | -145% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.