DELICE: 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.
DELICE
Largest movements
- Tangible fixed assets -€7,058
down €7,058 (-18.4%), from €38,331 to €31,273
- Intangible fixed assets -€7,000
down €7,000 (-33.3%), from €21,000 to €14,000
- Cash -€2,462
down €2,462 (-29.9%), from €8,243 to €5,781
mainly Debts after one year (-€12,975) and Contributions, distributions and other (-€8,281)
- Debts after one year -€12,975
down €12,975 (-36.2%), from €35,864 to €22,889
- Reserves -€7,738
down €7,738 (-28.3%), from €27,367 to €19,629
of which Distributable reserves: -€7,738
- Other debts +€3,831
new in 2025: €3,831
- Gross operating margin -€7,772
down €7,772 (-11.4%), from €68,112 to €60,340
- Staff costs -€5,701
down €5,701 (-14.7%), from €38,685 to €32,984
- Depreciation +€1,483
up €1,483 (+10.8%), from €13,772 to €15,255
- Taxes -€1,191
down €1,191 (-30.3%), from €3,930 to €2,739
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 | €85,836 | €69,357 | -€16,479 | -19.2% |
| Fixed assets | 21/28 | €59,331 | €45,273 | -€14,058 | -23.7% |
| Intangible fixed assets | 21 | €21,000 | €14,000 | -€7,000 | -33.3% |
| Tangible fixed assets | 22/27 | €38,331 | €31,273 | -€7,058 | -18.4% |
| Plant, machinery and equipment | 23 | €17,077 | €13,823 | -€3,254 | -19.1% |
| Furniture and vehicles | 24 | €384 | - | -€384 | |
| Other tangible fixed assets | 26 | €20,870 | €17,450 | -€3,420 | -16.4% |
| Current assets | 29/58 | €26,505 | €24,084 | -€2,421 | -9.1% |
| Stocks and contracts in progress | 3 | €6,513 | €7,349 | +€836 | +12.8% |
| Stocks | 30/36 | €6,513 | €7,349 | +€836 | +12.8% |
| Amounts receivable within one year | 40/41 | €11,749 | €10,954 | -€795 | -6.8% |
| Trade receivables | 40 | €5,523 | €6,330 | +€807 | +14.6% |
| Other amounts receivable | 41 | €6,226 | €4,624 | -€1,602 | -25.7% |
| Cash at bank and in hand | 54/58 | €8,243 | €5,781 | -€2,462 | -29.9% |
| Total equity and liabilities | 10/49 | €85,836 | €69,357 | -€16,479 | -19.2% |
| Equity | 10/15 | €33,567 | €25,829 | -€7,738 | -23.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €27,367 | €19,629 | -€7,738 | -28.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €25,507 | €17,769 | -€7,738 | -30.3% |
| Amounts payable | 17/49 | €52,269 | €43,528 | -€8,741 | -16.7% |
| Amounts payable after more than one year | 17 | €35,864 | €22,889 | -€12,975 | -36.2% |
| Financial debts | 170/4 | €35,864 | €22,889 | -€12,975 | -36.2% |
| Amounts payable within one year | 42/48 | €16,405 | €20,639 | +€4,234 | +25.8% |
| Current portion of amounts payable after more than one year | 42 | €13,236 | €12,975 | -€261 | -2.0% |
| Trade debts | 44 | €1,487 | €1,803 | +€316 | +21.2% |
| Suppliers | 440/4 | €1,487 | €1,803 | +€316 | +21.2% |
| Taxes, remuneration and social security | 45 | €1,681 | €2,029 | +€348 | +20.7% |
| Taxes | 450/3 | €72 | €414 | +€342 | +475.5% |
| Remuneration and social security | 454/9 | €1,609 | €1,615 | +€6 | +0.4% |
| Other amounts payable | 47/48 | - | €3,831 | +€3,831 | |
| Remuneration, social security and pensions | 62 | €38,685 | €32,984 | -€5,701 | -14.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,772 | €15,255 | +€1,483 | +10.8% |
| Other operating charges | 640/8 | €2,747 | €2,680 | -€66 | -2.4% |
| Gross operating margin | 9900 | €68,112 | €60,340 | -€7,772 | -11.4% |
| Operating profit (loss) | 9901 | €12,908 | €9,419 | -€3,488 | -27.0% |
| Financial income | 75/76B | €30 | €38 | +€8 | +28.2% |
| Recurring financial income | 75 | €30 | €38 | +€8 | +28.2% |
| Financial charges | 65/66B | €6,116 | €6,176 | +€60 | +1.0% |
| Recurring financial charges | 65 | €6,116 | €6,176 | +€60 | +1.0% |
| Profit (loss) for the period before taxes | 9903 | €6,822 | €3,282 | -€3,540 | -51.9% |
| Income taxes | 67/77 | €3,930 | €2,739 | -€1,191 | -30.3% |
| Profit (loss) for the period | 9904 | €2,892 | €543 | -€2,349 | -81.2% |
| Profit (loss) for the period to be appropriated | 9905 | €2,892 | €543 | -€2,349 | -81.2% |
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 12 October 2026 via checked.be.