DELICATESCENCE: 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.
DELICATESCENCE
Largest movements
- Cash -€16,504
down €16,504 (-63.0%), from €26,212 to €9,707
mainly Net result for the year (-€31,426) and Trade debts (-€15,905)
- Stocks and contracts -€13,664
down €13,664 (-28.1%), from €48,654 to €34,990
- Tangible fixed assets -€13,567
down €13,567 (-12.9%), from €104,812 to €91,245
of which Land and buildings: -€6,911
- Receivables within one year -€8,644
no longer reported in 2025 (was €8,644)
of which Other amounts receivable: -€4,685
- Financial fixed assets -€5,206
down €5,206 (-88.0%), from €5,912 to €707
- Profit (loss) carried forward -€31,426
down €31,426 (-67.3%), from €46,706 to €15,280
- Trade debts -€15,905
down €15,905 (-60.6%), from €26,245 to €10,340
- Tax, wage and social debts -€15,083
down €15,083 (-72.3%), from €20,858 to €5,774
of which Taxes: -€15,083
- Other debts +€13,525
up €13,525 (+130%), from €10,407 to €23,932
- Debts after one year -€9,359
down €9,359 (-16.4%), from €56,989 to €47,630
- Gross operating margin -€14,883
down €14,883, from €9,211 to -€5,671
- Other operating charges +€9,102
up €9,102 (+672%), from €1,355 to €10,457
- Financial charges +€2,878
up €2,878 (+108%), from €2,662 to €5,540
- Depreciation -€1,891
down €1,891 (-15.8%), from €11,958 to €10,067
- Financial income -€753
down €753 (-77.0%), from €977 to €224
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 | €194,659 | €136,815 | -€57,844 | -29.7% |
| Fixed assets | 21/28 | €110,724 | €91,952 | -€18,772 | -17.0% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €104,812 | €91,245 | -€13,567 | -12.9% |
| Land and buildings | 22 | €92,520 | €85,609 | -€6,911 | -7.5% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €660 | €440 | -€220 | -33.3% |
| Other tangible fixed assets | 26 | €11,632 | €5,196 | -€6,436 | -55.3% |
| Financial fixed assets | 28 | €5,912 | €707 | -€5,206 | -88.0% |
| Current assets | 29/58 | €83,935 | €44,863 | -€39,072 | -46.5% |
| Stocks and contracts in progress | 3 | €48,654 | €34,990 | -€13,664 | -28.1% |
| Stocks | 30/36 | €48,654 | €34,990 | -€13,664 | -28.1% |
| Amounts receivable within one year | 40/41 | €8,644 | - | -€8,644 | |
| Trade receivables | 40 | €3,959 | - | -€3,959 | |
| Other amounts receivable | 41 | €4,685 | - | -€4,685 | |
| Cash at bank and in hand | 54/58 | €26,212 | €9,707 | -€16,504 | -63.0% |
| Deferred charges and accrued income | 490/1 | €426 | €166 | -€260 | -61.1% |
| Total equity and liabilities | 10/49 | €194,659 | €136,815 | -€57,844 | -29.7% |
| Equity | 10/15 | €71,206 | €39,780 | -€31,426 | -44.1% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €12,000 | €12,000 | = | 0.0% |
| Distributable reserves | 133 | €12,000 | €12,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €46,706 | €15,280 | -€31,426 | -67.3% |
| Amounts payable | 17/49 | €123,453 | €97,035 | -€26,418 | -21.4% |
| Amounts payable after more than one year | 17 | €56,989 | €47,630 | -€9,359 | -16.4% |
| Financial debts | 170/4 | €56,989 | €47,630 | -€9,359 | -16.4% |
| Amounts payable within one year | 42/48 | €66,464 | €49,405 | -€17,059 | -25.7% |
| Current portion of amounts payable after more than one year | 42 | €8,955 | €9,359 | +€404 | +4.5% |
| Trade debts | 44 | €26,245 | €10,340 | -€15,905 | -60.6% |
| Suppliers | 440/4 | €26,245 | €10,340 | -€15,905 | -60.6% |
| Taxes, remuneration and social security | 45 | €20,858 | €5,774 | -€15,083 | -72.3% |
| Taxes | 450/3 | €20,858 | €5,774 | -€15,083 | -72.3% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €10,407 | €23,932 | +€13,525 | +130% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,958 | €10,067 | -€1,891 | -15.8% |
| Other operating charges | 640/8 | €1,355 | €10,457 | +€9,102 | +672% |
| Gross operating margin | 9900 | €9,211 | -€5,671 | -€14,883 | |
| Operating profit (loss) | 9901 | -€4,101 | -€26,194 | -€22,093 | -539% |
| Financial income | 75/76B | €977 | €224 | -€753 | -77.0% |
| Recurring financial income | 75 | €977 | €224 | -€753 | -77.0% |
| Financial charges | 65/66B | €2,662 | €5,540 | +€2,878 | +108% |
| Recurring financial charges | 65 | €2,662 | €5,540 | +€2,878 | +108% |
| Profit (loss) for the period before taxes | 9903 | -€5,787 | -€31,510 | -€25,724 | -445% |
| Income taxes | 67/77 | €400 | -€85 | -€485 | |
| Profit (loss) for the period | 9904 | -€6,187 | -€31,426 | -€25,239 | -408% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,187 | -€31,426 | -€25,239 | -408% |
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 15 October 2026 via checked.be.