DELICES: 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.
DELICES
Largest movements
- Receivables within one year +€16,260
up €16,260 (+59.8%), from €27,206 to €43,466
of which Other amounts receivable: +€19,343
- Debts after one year +€143,314
up €143,314 (+174.1%), from €82,300 to €225,614
- Tax, wage and social debts -€60,582
down €60,582 (-37.2%), from €162,946 to €102,364
of which Taxes: -€50,532
- Current portion of long-term debt -€26,308
down €26,308 (-49.8%), from €52,843 to €26,535
- Short-term financial debts -€26,248
down €26,248 (-81.1%), from €32,361 to €6,113
- Trade debts -€19,026
down €19,026 (-27.0%), from €70,371 to €51,346
- Financial charges +€19,317
up €19,317 (+81.9%), from €23,598 to €42,915
- Depreciation +€7,301
up €7,301 (+19.2%), from €38,067 to €45,369
- Staff costs +€6,048
up €6,048 (+2.6%), from €229,906 to €235,954
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 | €701,795 | €712,310 | +€10,515 | +1.5% |
| Fixed assets | 21/28 | €661,691 | €655,808 | -€5,882 | -0.9% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €661,691 | €655,808 | -€5,882 | -0.9% |
| Land and buildings | 22 | €543,653 | €539,285 | -€4,368 | -0.8% |
| Plant, machinery and equipment | 23 | €6,313 | €39,950 | +€33,637 | +532.8% |
| Furniture and vehicles | 24 | €17,885 | €27,141 | +€9,256 | +51.8% |
| Leasing and similar rights | 25 | €93,839 | €49,431 | -€44,408 | -47.3% |
| Current assets | 29/58 | €40,105 | €56,501 | +€16,397 | +40.9% |
| Stocks and contracts in progress | 3 | €7,333 | €6,831 | -€502 | -6.8% |
| Stocks | 30/36 | €7,333 | €6,831 | -€502 | -6.8% |
| Amounts receivable within one year | 40/41 | €27,206 | €43,466 | +€16,260 | +59.8% |
| Trade receivables | 40 | €4,390 | €1,307 | -€3,083 | -70.2% |
| Other amounts receivable | 41 | €22,816 | €42,159 | +€19,343 | +84.8% |
| Cash at bank and in hand | 54/58 | €4,616 | €6,004 | +€1,388 | +30.1% |
| Deferred charges and accrued income | 490/1 | €949 | €200 | -€749 | -78.9% |
| Total equity and liabilities | 10/49 | €701,795 | €712,310 | +€10,515 | +1.5% |
| Equity | 10/15 | €282,424 | €291,389 | +€8,964 | +3.2% |
| Contributions | 10/11 | €605,600 | €605,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€323,176 | -€314,211 | +€8,964 | +2.8% |
| Amounts payable | 17/49 | €419,371 | €420,921 | +€1,550 | +0.4% |
| Amounts payable after more than one year | 17 | €82,300 | €225,614 | +€143,314 | +174.1% |
| Financial debts | 170/4 | €82,300 | €225,614 | +€143,314 | +174.1% |
| Amounts payable within one year | 42/48 | €337,071 | €195,307 | -€141,764 | -42.1% |
| Current portion of amounts payable after more than one year | 42 | €52,843 | €26,535 | -€26,308 | -49.8% |
| Financial debts | 43 | €32,361 | €6,113 | -€26,248 | -81.1% |
| Credit institutions | 430/8 | €32,361 | €6,113 | -€26,248 | -81.1% |
| Trade debts | 44 | €70,371 | €51,346 | -€19,026 | -27.0% |
| Suppliers | 440/4 | €70,371 | €51,346 | -€19,026 | -27.0% |
| Taxes, remuneration and social security | 45 | €162,946 | €102,364 | -€60,582 | -37.2% |
| Taxes | 450/3 | €69,600 | €19,068 | -€50,532 | -72.6% |
| Remuneration and social security | 454/9 | €93,346 | €83,296 | -€10,050 | -10.8% |
| Other amounts payable | 47/48 | €18,550 | €8,950 | -€9,600 | -51.8% |
| Remuneration, social security and pensions | 62 | €229,906 | €235,954 | +€6,048 | +2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,067 | €45,369 | +€7,301 | +19.2% |
| Other operating charges | 640/8 | €10,271 | €9,926 | -€345 | -3.4% |
| Gross operating margin | 9900 | €342,232 | €342,372 | +€140 | 0.0% |
| Operating profit (loss) | 9901 | €63,988 | €51,123 | -€12,865 | -20.1% |
| Financial income | 75/76B | €1,319 | €1,762 | +€444 | +33.6% |
| Recurring financial income | 75 | €1,319 | €1,762 | +€444 | +33.6% |
| Financial charges | 65/66B | €23,598 | €42,915 | +€19,317 | +81.9% |
| Recurring financial charges | 65 | €23,598 | €42,915 | +€19,317 | +81.9% |
| Profit (loss) for the period before taxes | 9903 | €41,709 | €9,971 | -€31,738 | -76.1% |
| Income taxes | 67/77 | €1,083 | €1,006 | -€77 | -7.1% |
| Profit (loss) for the period | 9904 | €40,625 | €8,964 | -€31,661 | -77.9% |
| Profit (loss) for the period to be appropriated | 9905 | €40,625 | €8,964 | -€31,661 | -77.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.