DELICASH: 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.
DELICASH
Largest movements
- Cash +€92,273
up €92,273 (+25.2%), from €365,531 to €457,805
mainly Trade debts (+€33,698) and Depreciation (+€28,391)
- Tangible fixed assets -€28,391
down €28,391 (-12.5%), from €226,974 to €198,583
of which Land and buildings: -€20,861
- Receivables within one year -€19,067
down €19,067 (-49.0%), from €38,883 to €19,816
of which Trade receivables: -€19,099
- Trade debts +€33,698
up €33,698 (+19.2%), from €175,300 to €208,998
- Tax, wage and social debts +€18,875
up €18,875 (+37.5%), from €50,343 to €69,218
of which Remuneration and social security: +€25,012
- Current portion of long-term debt -€13,876
down €13,876 (-83.4%), from €16,639 to €2,763
- Gross operating margin -€106,260
down €106,260 (-24.1%), from €440,999 to €334,739
- Other operating charges -€78,037
down €78,037 (-87.3%), from €89,407 to €11,370
- Depreciation -€25,307
down €25,307 (-47.1%), from €53,698 to €28,391
- Taxes -€22,478
down €22,478 (-73.4%), from €30,616 to €8,139
- Staff costs +€17,097
up €17,097 (+7.0%), from €242,850 to €259,947
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 | €635,426 | €680,488 | +€45,062 | +7.1% |
| Fixed assets | 21/28 | €226,974 | €198,583 | -€28,391 | -12.5% |
| Tangible fixed assets | 22/27 | €226,974 | €198,583 | -€28,391 | -12.5% |
| Land and buildings | 22 | €200,995 | €180,134 | -€20,861 | -10.4% |
| Furniture and vehicles | 24 | €25,979 | €18,449 | -€7,529 | -29.0% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Current assets | 29/58 | €408,452 | €481,905 | +€73,453 | +18.0% |
| Amounts receivable within one year | 40/41 | €38,883 | €19,816 | -€19,067 | -49.0% |
| Trade receivables | 40 | €38,883 | €19,783 | -€19,099 | -49.1% |
| Other amounts receivable | 41 | - | €33 | +€33 | |
| Cash at bank and in hand | 54/58 | €365,531 | €457,805 | +€92,273 | +25.2% |
| Deferred charges and accrued income | 490/1 | €4,038 | €4,285 | +€247 | +6.1% |
| Total equity and liabilities | 10/49 | €635,426 | €680,488 | +€45,062 | +7.1% |
| Equity | 10/15 | €379,776 | €382,491 | +€2,715 | +0.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €361,184 | €361,184 | = | 0.0% |
| Tax-exempt reserves | 132 | €16,195 | €16,195 | = | 0.0% |
| Distributable reserves | 133 | €344,989 | €344,989 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €2,715 | +€2,715 | |
| Amounts payable | 17/49 | €255,651 | €297,998 | +€42,347 | +16.6% |
| Amounts payable after more than one year | 17 | €4,397 | €1,634 | -€2,763 | -62.8% |
| Financial debts | 170/4 | €4,397 | €1,634 | -€2,763 | -62.8% |
| Amounts payable within one year | 42/48 | €251,253 | €296,364 | +€45,110 | +18.0% |
| Current portion of amounts payable after more than one year | 42 | €16,639 | €2,763 | -€13,876 | -83.4% |
| Trade debts | 44 | €175,300 | €208,998 | +€33,698 | +19.2% |
| Suppliers | 440/4 | €175,300 | €208,998 | +€33,698 | +19.2% |
| Taxes, remuneration and social security | 45 | €50,343 | €69,218 | +€18,875 | +37.5% |
| Taxes | 450/3 | €23,160 | €17,023 | -€6,137 | -26.5% |
| Remuneration and social security | 454/9 | €27,183 | €52,195 | +€25,012 | +92.0% |
| Other amounts payable | 47/48 | €8,972 | €15,384 | +€6,412 | +71.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €242,850 | €259,947 | +€17,097 | +7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,698 | €28,391 | -€25,307 | -47.1% |
| Other operating charges | 640/8 | €89,407 | €11,370 | -€78,037 | -87.3% |
| Non-recurring operating charges | 66A | €4,721 | - | -€4,721 | |
| Gross operating margin | 9900 | €440,999 | €334,739 | -€106,260 | -24.1% |
| Operating profit (loss) | 9901 | €50,323 | €35,031 | -€15,292 | -30.4% |
| Financial income | 75/76B | €1 | €0 | -€0 | -42.6% |
| Recurring financial income | 75 | €1 | €0 | -€0 | -42.6% |
| Financial charges | 65/66B | €9,152 | €8,793 | -€359 | -3.9% |
| Recurring financial charges | 65 | €9,152 | €8,793 | -€359 | -3.9% |
| Profit (loss) for the period before taxes | 9903 | €41,172 | €26,238 | -€14,934 | -36.3% |
| Income taxes | 67/77 | €30,616 | €8,139 | -€22,478 | -73.4% |
| Profit (loss) for the period | 9904 | €10,555 | €18,099 | +€7,544 | +71.5% |
| Profit (loss) for the period to be appropriated | 9905 | €10,555 | €18,099 | +€7,544 | +71.5% |
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 6 October 2026 via checked.be.