DELICE: 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.
What changed
DELICE
NACE 47.221, Retail sale of meat and meat products, excluding game and poultry
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€572,558
2024 · €525,757+€46,801
Equity
€2.2m
2024 · €1.7m+€572,558
Cash
€507,107
2024 · €498,014+€9,092
Balance sheet total
€2.4m
2024 · €1.8m+€539,405
Largest movements
Assets
- Current investments +€574,700
up €574,700 (+50.1%), from €1.1m to €1.7m
- Tangible fixed assets -€49,194
down €49,194 (-37.0%), from €132,894 to €83,700
of which Plant, machinery and equipment: -€31,235
Equity and liabilities
- Reserves +€572,558
up €572,558 (+34.7%), from €1.6m to €2.2m
Income statement
- Gross operating margin +€40,076
up €40,076 (+4.0%), from €997,946 to €1.0m
- Financial income +€15,403
up €15,403 (+93.7%), from €16,443 to €31,846
- Taxes +€14,628
up €14,628 (+8.6%), from €169,987 to €184,615
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
€525,757
Gross operating margin
+€40,076
Staff costs
+€3,315
Depreciation
-€2,851
Other operating charges
-€1,139
Financial income
+€15,403
Financial charges
+€6,624
Taxes
-€14,628
Result 2025
€572,558
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.
From operations
+€599,775
Investment
-€589,183
Financing
-€1,500
Cash 2024
€498,014
From operations (derived)
+€599,775
Net result for the year
+€572,558
Depreciation
+€64,676
Stocks and contracts
-€143
Receivables within one year
-€3,682
Deferred charges and accrued income
-€1,981
Trade debts
-€2,742
Tax, wage and social debts
-€14,948
Other debts
-€10,669
Accrued charges and deferred income
-€3,295
Investment (derived)
-€589,183
Investment in fixed assets (net)
-€14,483
Current investments
-€574,700
Financing
-€1,500
Current portion of long-term debt
-€1,500
Cash 2025
€507,107
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,818,050 | €2,357,454 | +€539,405 | +29.7% |
| Fixed assets | 21/28 | €134,144 | €83,950 | -€50,194 | -37.4% |
| Intangible fixed assets | 21 | €1,250 | €250 | -€1,000 | -80.0% |
| Tangible fixed assets | 22/27 | €132,894 | €83,700 | -€49,194 | -37.0% |
| Land and buildings | 22 | €45,015 | €46,208 | +€1,193 | +2.6% |
| Plant, machinery and equipment | 23 | €56,265 | €25,030 | -€31,235 | -55.5% |
| Furniture and vehicles | 24 | €31,614 | €12,463 | -€19,151 | -60.6% |
| Current assets | 29/58 | €1,683,905 | €2,273,504 | +€589,599 | +35.0% |
| Stocks and contracts in progress | 3 | €33,732 | €33,875 | +€143 | +0.4% |
| Stocks | 30/36 | €33,732 | €33,875 | +€143 | +0.4% |
| Amounts receivable within one year | 40/41 | €4,215 | €7,897 | +€3,682 | +87.4% |
| Trade receivables | 40 | €3,004 | €0 | -€3,004 | -100.0% |
| Other amounts receivable | 41 | €1,211 | €7,897 | +€6,686 | +552.2% |
| Current investments | 50/53 | €1,147,750 | €1,722,450 | +€574,700 | +50.1% |
| Cash at bank and in hand | 54/58 | €498,014 | €507,107 | +€9,092 | +1.8% |
| Deferred charges and accrued income | 490/1 | €194 | €2,175 | +€1,981 | +1019.0% |
| Total equity and liabilities | 10/49 | €1,818,050 | €2,357,454 | +€539,405 | +29.7% |
| Equity | 10/15 | €1,653,224 | €2,225,782 | +€572,558 | +34.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €1,648,224 | €2,220,782 | +€572,558 | +34.7% |
| Distributable reserves | 133 | €1,648,224 | €2,220,782 | +€572,558 | +34.7% |
| Amounts payable | 17/49 | €164,826 | €131,672 | -€33,153 | -20.1% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €160,863 | €131,005 | -€29,859 | -18.6% |
| Current portion of amounts payable after more than one year | 42 | €1,500 | €0 | -€1,500 | -100.0% |
| Trade debts | 44 | €53,063 | €50,321 | -€2,742 | -5.2% |
| Suppliers | 440/4 | €53,063 | €50,321 | -€2,742 | -5.2% |
| Taxes, remuneration and social security | 45 | €56,072 | €41,124 | -€14,948 | -26.7% |
| Taxes | 450/3 | €31,506 | €16,633 | -€14,873 | -47.2% |
| Remuneration and social security | 454/9 | €24,566 | €24,491 | -€75 | -0.3% |
| Other amounts payable | 47/48 | €50,228 | €39,559 | -€10,669 | -21.2% |
| Accrued charges and deferred income | 492/3 | €3,962 | €667 | -€3,295 | -83.2% |
| Remuneration, social security and pensions | 62 | €231,673 | €228,358 | -€3,315 | -1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,825 | €64,676 | +€2,851 | +4.6% |
| Other operating charges | 640/8 | €3,384 | €4,523 | +€1,139 | +33.6% |
| Gross operating margin | 9900 | €997,946 | €1,038,023 | +€40,076 | +4.0% |
| Operating profit (loss) | 9901 | €701,064 | €740,465 | +€39,401 | +5.6% |
| Financial income | 75/76B | €16,443 | €31,846 | +€15,403 | +93.7% |
| Recurring financial income | 75 | €16,443 | €31,846 | +€15,403 | +93.7% |
| Financial charges | 65/66B | €21,762 | €15,138 | -€6,624 | -30.4% |
| Recurring financial charges | 65 | €21,762 | €15,138 | -€6,624 | -30.4% |
| Profit (loss) for the period before taxes | 9903 | €695,744 | €757,173 | +€61,429 | +8.8% |
| Income taxes | 67/77 | €169,987 | €184,615 | +€14,628 | +8.6% |
| Profit (loss) for the period | 9904 | €525,757 | €572,558 | +€46,801 | +8.9% |
| Profit (loss) for the period to be appropriated | 9905 | €525,757 | €572,558 | +€46,801 | +8.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.