DELICE D'OR: 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 D'OR
Largest movements
- Receivables within one year -€190,368
down €190,368 (-41.3%), from €461,338 to €270,970
- Cash +€147,430
up €147,430 (+43.9%), from €335,784 to €483,214
mainly Receivables within one year (+€190,368) and Net result for the year (+€76,214)
- Receivables after one year +€41,543
up €41,543 (+4.0%), from €1.0m to €1.1m
- Current investments -€36,666
down €36,666 (-2.8%), from €1.3m to €1.3m
- Debts after one year -€116,842
down €116,842 (-5.2%), from €2.3m to €2.1m
- Profit (loss) carried forward +€76,214
up €76,214 (+22.9%), from -€333,327 to -€257,113
- Financial income -€1,998
down €1,998 (-3.1%), from €63,858 to €61,860
- Gross operating margin +€1,297
up €1,297 (+4.5%), from €28,932 to €30,229
- Depreciation -€808
down €808 (-6.8%), from €11,926 to €11,119
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 | €3,461,982 | €3,411,448 | -€50,534 | -1.5% |
| Fixed assets | 21/28 | €305,020 | €293,901 | -€11,119 | -3.6% |
| Tangible fixed assets | 22/27 | €305,020 | €293,901 | -€11,119 | -3.6% |
| Land and buildings | 22 | €182,088 | €173,599 | -€8,489 | -4.7% |
| Plant, machinery and equipment | 23 | €120,272 | €118,972 | -€1,300 | -1.1% |
| Furniture and vehicles | 24 | €2,660 | €1,330 | -€1,330 | -50.0% |
| Current assets | 29/58 | €3,156,962 | €3,117,547 | -€39,415 | -1.2% |
| Amounts receivable after more than one year | 29 | €1,040,076 | €1,081,619 | +€41,543 | +4.0% |
| Other amounts receivable | 291 | €1,040,076 | €1,081,619 | +€41,543 | +4.0% |
| Amounts receivable within one year | 40/41 | €461,338 | €270,970 | -€190,368 | -41.3% |
| Other amounts receivable | 41 | €461,338 | €270,970 | -€190,368 | -41.3% |
| Current investments | 50/53 | €1,301,150 | €1,264,484 | -€36,666 | -2.8% |
| Cash at bank and in hand | 54/58 | €335,784 | €483,214 | +€147,430 | +43.9% |
| Deferred charges and accrued income | 490/1 | €18,615 | €17,261 | -€1,353 | -7.3% |
| Total equity and liabilities | 10/49 | €3,461,982 | €3,411,448 | -€50,534 | -1.5% |
| Equity | 10/15 | €1,185,313 | €1,261,527 | +€76,214 | +6.4% |
| Contributions | 10/11 | €1,375,000 | €1,375,000 | = | 0.0% |
| Capital | 10 | €1,375,000 | €1,375,000 | = | 0.0% |
| Issued capital | 100 | €1,375,000 | €1,375,000 | = | 0.0% |
| Revaluation surpluses | 12 | €6,140 | €6,140 | = | 0.0% |
| Reserves | 13 | €137,500 | €137,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €137,500 | €137,500 | = | 0.0% |
| Legal reserve | 130 | €137,500 | €137,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€333,327 | -€257,113 | +€76,214 | +22.9% |
| Amounts payable | 17/49 | €2,276,669 | €2,149,921 | -€126,748 | -5.6% |
| Amounts payable after more than one year | 17 | €2,265,280 | €2,148,438 | -€116,842 | -5.2% |
| Other amounts payable | 178/9 | €2,265,280 | €2,148,438 | -€116,842 | -5.2% |
| Amounts payable within one year | 42/48 | €10,141 | €430 | -€9,710 | -95.8% |
| Trade debts | 44 | €10,141 | €430 | -€9,710 | -95.8% |
| Suppliers | 440/4 | €10,141 | €430 | -€9,710 | -95.8% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €1,248 | €1,052 | -€196 | -15.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,926 | €11,119 | -€808 | -6.8% |
| Other operating charges | 640/8 | €4,543 | €4,703 | +€160 | +3.5% |
| Gross operating margin | 9900 | €28,932 | €30,229 | +€1,297 | +4.5% |
| Operating profit (loss) | 9901 | €12,462 | €14,407 | +€1,945 | +15.6% |
| Financial income | 75/76B | €63,858 | €61,860 | -€1,998 | -3.1% |
| Recurring financial income | 75 | €63,858 | €61,860 | -€1,998 | -3.1% |
| Financial charges | 65/66B | €192 | €53 | -€140 | -72.7% |
| Recurring financial charges | 65 | €192 | €53 | -€140 | -72.7% |
| Profit (loss) for the period before taxes | 9903 | €76,128 | €76,214 | +€87 | +0.1% |
| Profit (loss) for the period | 9904 | €76,128 | €76,214 | +€87 | +0.1% |
| Profit (loss) for the period to be appropriated | 9905 | €76,128 | €76,214 | +€87 | +0.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.