Delicatessen de Merode: 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.
Delicatessen de Merode
Largest movements
- Receivables within one year +€15,924
up €15,924 (+30.4%), from €52,396 to €68,320
of which Trade receivables: +€15,809
- Stocks and contracts -€9,342
down €9,342 (-70.2%), from €13,306 to €3,964
- Tangible fixed assets -€9,317
down €9,317 (-15.5%), from €60,013 to €50,697
of which Plant, machinery and equipment: -€8,686
- Deferred charges and accrued income -€7,828
no longer reported in 2025 (was €7,828)
- Trade debts +€12,612
up €12,612 (+57.0%), from €22,125 to €34,737
- Debts after one year -€8,924
down €8,924 (-43.7%), from €20,431 to €11,507
- Tax, wage and social debts -€5,838
down €5,838 (-22.9%), from €25,503 to €19,665
of which Remuneration and social security: -€7,981
- Profit (loss) carried forward -€5,433
down €5,433 (-10.1%), from -€53,917 to -€59,350
- Current portion of long-term debt -€2,255
down €2,255 (-33.4%), from €6,756 to €4,501
- Gross operating margin +€21,220
up €21,220 (+12.7%), from €167,710 to €188,930
- Staff costs +€14,270
up €14,270 (+10.1%), from €141,595 to €155,865
- Depreciation -€5,496
down €5,496 (-27.4%), from €20,072 to €14,576
- Taxes +€2,894
up €2,894 (+1,390%), from €208 to €3,102
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €141,414 | €131,576 | -€9,838 | -7.0% |
| Fixed assets | 21/28 | €60,463 | €51,147 | -€9,317 | -15.4% |
| Tangible fixed assets | 22/27 | €60,013 | €50,697 | -€9,317 | -15.5% |
| Land and buildings | 22 | €27,614 | €31,957 | +€4,344 | +15.7% |
| Plant, machinery and equipment | 23 | €25,347 | €16,661 | -€8,686 | -34.3% |
| Furniture and vehicles | 24 | €7,053 | €2,078 | -€4,975 | -70.5% |
| Financial fixed assets | 28 | €450 | €450 | = | 0.0% |
| Current assets | 29/58 | €80,951 | €80,430 | -€521 | -0.6% |
| Stocks and contracts in progress | 3 | €13,306 | €3,964 | -€9,342 | -70.2% |
| Stocks | 30/36 | €13,306 | €3,964 | -€9,342 | -70.2% |
| Amounts receivable within one year | 40/41 | €52,396 | €68,320 | +€15,924 | +30.4% |
| Trade receivables | 40 | €52,159 | €67,968 | +€15,809 | +30.3% |
| Other amounts receivable | 41 | €238 | €353 | +€115 | +48.4% |
| Cash at bank and in hand | 54/58 | €7,421 | €8,146 | +€725 | +9.8% |
| Deferred charges and accrued income | 490/1 | €7,828 | - | -€7,828 | |
| Total equity and liabilities | 10/49 | €141,414 | €131,576 | -€9,838 | -7.0% |
| Equity | 10/15 | €66,599 | €61,166 | -€5,433 | -8.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €101,924 | €101,924 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €100,065 | €100,065 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€53,917 | -€59,350 | -€5,433 | -10.1% |
| Amounts payable | 17/49 | €74,815 | €70,410 | -€4,405 | -5.9% |
| Amounts payable after more than one year | 17 | €20,431 | €11,507 | -€8,924 | -43.7% |
| Financial debts | 170/4 | €20,431 | €11,507 | -€8,924 | -43.7% |
| Amounts payable within one year | 42/48 | €54,384 | €58,903 | +€4,518 | +8.3% |
| Current portion of amounts payable after more than one year | 42 | €6,756 | €4,501 | -€2,255 | -33.4% |
| Trade debts | 44 | €22,125 | €34,737 | +€12,612 | +57.0% |
| Suppliers | 440/4 | €22,125 | €34,737 | +€12,612 | +57.0% |
| Taxes, remuneration and social security | 45 | €25,503 | €19,665 | -€5,838 | -22.9% |
| Taxes | 450/3 | €15,519 | €17,662 | +€2,143 | +13.8% |
| Remuneration and social security | 454/9 | €9,985 | €2,004 | -€7,981 | -79.9% |
| Remuneration, social security and pensions | 62 | €141,595 | €155,865 | +€14,270 | +10.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,072 | €14,576 | -€5,496 | -27.4% |
| Other operating charges | 640/8 | €3,750 | €3,172 | -€578 | -15.4% |
| Gross operating margin | 9900 | €167,710 | €188,930 | +€21,220 | +12.7% |
| Operating profit (loss) | 9901 | €2,292 | €15,316 | +€13,024 | +568% |
| Financial charges | 65/66B | €1,580 | €1,091 | -€489 | -31.0% |
| Recurring financial charges | 65 | €1,580 | €1,091 | -€489 | -31.0% |
| Profit (loss) for the period before taxes | 9903 | €713 | €14,226 | +€13,513 | +1,895% |
| Income taxes | 67/77 | €208 | €3,102 | +€2,894 | +1,390% |
| Profit (loss) for the period | 9904 | €505 | €11,123 | +€10,619 | +2,104% |
| Profit (loss) for the period to be appropriated | 9905 | €505 | €11,123 | +€10,619 | +2,104% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.