DÉLICE: 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.
DÉLICE
Largest movements
- Cash +€108,396
up €108,396 (+20.0%), from €541,728 to €650,124
mainly Net result for the year (+€90,702) and Depreciation (+€31,740)
- Tangible fixed assets -€27,816
down €27,816 (-9.4%), from €294,487 to €266,672
of which Land and buildings: -€18,902
- Reserves +€74,202
up €74,202 (+11.2%), from €663,703 to €737,906
of which Distributable reserves: +€76,062
- Other debts +€16,500
new in 2025: €16,500
- Debts after one year -€13,000
down €13,000 (-10.5%), from €123,501 to €110,501
- Tax, wage and social debts -€10,428
down €10,428 (-25.4%), from €41,003 to €30,574
of which Remuneration and social security: -€7,059
- Staff costs -€62,093
down €62,093 (-40.8%), from €152,190 to €90,097
- Gross operating margin -€21,247
down €21,247 (-7.5%), from €282,482 to €261,235
- Taxes +€14,176
up €14,176 (+57.9%), from €24,476 to €38,652
- Other operating charges -€6,253
down €6,253 (-78.7%), from €7,940 to €1,688
- Financial charges +€4,068
up €4,068 (+81.7%), from €4,977 to €9,046
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 | €880,804 | €949,631 | +€68,828 | +7.8% |
| Fixed assets | 21/28 | €294,612 | €266,797 | -€27,816 | -9.4% |
| Tangible fixed assets | 22/27 | €294,487 | €266,672 | -€27,816 | -9.4% |
| Land and buildings | 22 | €272,950 | €254,049 | -€18,902 | -6.9% |
| Plant, machinery and equipment | 23 | €19,300 | €11,351 | -€7,949 | -41.2% |
| Furniture and vehicles | 24 | €2,237 | €1,272 | -€965 | -43.1% |
| Financial fixed assets | 28 | €125 | €125 | = | 0.0% |
| Current assets | 29/58 | €586,191 | €682,835 | +€96,643 | +16.5% |
| Stocks and contracts in progress | 3 | €3,164 | €5,897 | +€2,733 | +86.4% |
| Stocks | 30/36 | €3,164 | €5,897 | +€2,733 | +86.4% |
| Amounts receivable within one year | 40/41 | €34,333 | €25,758 | -€8,575 | -25.0% |
| Trade receivables | 40 | €544 | €1,404 | +€860 | +158% |
| Other amounts receivable | 41 | €33,789 | €24,354 | -€9,435 | -27.9% |
| Cash at bank and in hand | 54/58 | €541,728 | €650,124 | +€108,396 | +20.0% |
| Deferred charges and accrued income | 490/1 | €6,965 | €1,055 | -€5,910 | -84.8% |
| Total equity and liabilities | 10/49 | €880,804 | €949,631 | +€68,828 | +7.8% |
| Equity | 10/15 | €669,903 | €744,106 | +€74,202 | +11.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €663,703 | €737,906 | +€74,202 | +11.2% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100% |
| Tax-exempt reserves | 132 | €44,000 | €44,000 | = | 0.0% |
| Distributable reserves | 133 | €617,843 | €693,906 | +€76,062 | +12.3% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €210,900 | €205,526 | -€5,375 | -2.5% |
| Amounts payable after more than one year | 17 | €123,501 | €110,501 | -€13,000 | -10.5% |
| Financial debts | 170/4 | €123,501 | €110,501 | -€13,000 | -10.5% |
| Amounts payable within one year | 42/48 | €87,400 | €95,025 | +€7,625 | +8.7% |
| Current portion of amounts payable after more than one year | 42 | €13,000 | €13,000 | = | 0.0% |
| Trade debts | 44 | €33,397 | €34,871 | +€1,474 | +4.4% |
| Suppliers | 440/4 | €33,397 | €34,871 | +€1,474 | +4.4% |
| Advances received on contracts in progress | 46 | - | €80 | +€80 | |
| Taxes, remuneration and social security | 45 | €41,003 | €30,574 | -€10,428 | -25.4% |
| Taxes | 450/3 | €24,933 | €21,564 | -€3,369 | -13.5% |
| Remuneration and social security | 454/9 | €16,070 | €9,011 | -€7,059 | -43.9% |
| Other amounts payable | 47/48 | - | €16,500 | +€16,500 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €152,190 | €90,097 | -€62,093 | -40.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,382 | €31,740 | -€642 | -2.0% |
| Other operating charges | 640/8 | €7,940 | €1,688 | -€6,253 | -78.7% |
| Gross operating margin | 9900 | €282,482 | €261,235 | -€21,247 | -7.5% |
| Operating profit (loss) | 9901 | €89,970 | €137,710 | +€47,740 | +53.1% |
| Financial income | 75/76B | €2,181 | €690 | -€1,491 | -68.4% |
| Recurring financial income | 75 | €2,181 | €690 | -€1,491 | -68.4% |
| Financial charges | 65/66B | €4,977 | €9,046 | +€4,068 | +81.7% |
| Recurring financial charges | 65 | €4,977 | €9,046 | +€4,068 | +81.7% |
| Profit (loss) for the period before taxes | 9903 | €87,174 | €129,354 | +€42,180 | +48.4% |
| Income taxes | 67/77 | €24,476 | €38,652 | +€14,176 | +57.9% |
| Profit (loss) for the period | 9904 | €62,698 | €90,702 | +€28,004 | +44.7% |
| Profit (loss) for the period to be appropriated | 9905 | €62,698 | €90,702 | +€28,004 | +44.7% |
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 19 October 2026 via checked.be.