Délices d'Initiés: 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.
Délices d'Initiés
Largest movements
- Tangible fixed assets -€85,169
down €85,169 (-99.4%), from €85,647 to €478
of which Land and buildings: -€85,647
- Receivables within one year +€43,751
up €43,751 (+3,060%), from €1,430 to €45,181
of which Other amounts receivable: +€43,751
- Debts after one year -€100,000
no longer reported in 2025 (was €100,000)
- Profit (loss) carried forward +€83,010
up €83,010 (+41.3%), from -€201,181 to -€118,171
- Other debts -€25,875
no longer reported in 2025 (was €25,875)
- Financial income +€66,773
new in 2025: €66,773
of which Financial income: +€66,773
- Gross operating margin +€27,795
up €27,795, from -€9,761 to €18,033
- Depreciation -€9,628
down €9,628 (-94.5%), from €10,192 to €564
- Other operating charges -€5,426
down €5,426 (-91.1%), from €5,953 to €527
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 | €110,684 | €68,197 | -€42,487 | -38.4% |
| Fixed assets | 21/28 | €87,207 | €1,639 | -€85,568 | -98.1% |
| Intangible fixed assets | 21 | €1,560 | €1,161 | -€399 | -25.6% |
| Tangible fixed assets | 22/27 | €85,647 | €478 | -€85,169 | -99.4% |
| Land and buildings | 22 | €85,647 | - | -€85,647 | |
| Furniture and vehicles | 24 | - | €478 | +€478 | |
| Current assets | 29/58 | €23,477 | €66,558 | +€43,081 | +184% |
| Amounts receivable within one year | 40/41 | €1,430 | €45,181 | +€43,751 | +3,060% |
| Trade receivables | 40 | €892 | €892 | = | 0.0% |
| Other amounts receivable | 41 | €538 | €44,289 | +€43,751 | +8,137% |
| Cash at bank and in hand | 54/58 | €22,047 | €21,265 | -€782 | -3.5% |
| Deferred charges and accrued income | 490/1 | - | €112 | +€112 | |
| Total equity and liabilities | 10/49 | €110,684 | €68,197 | -€42,487 | -38.4% |
| Equity | 10/15 | -€15,439 | €67,571 | +€83,010 | |
| Contributions | 10/11 | €136,400 | €136,400 | = | 0.0% |
| Reserves | 13 | €49,342 | €49,342 | = | 0.0% |
| Non-distributable reserves | 130/1 | €13,640 | €13,640 | = | 0.0% |
| Reserves not available under the articles | 1311 | €13,640 | €13,640 | = | 0.0% |
| Tax-exempt reserves | 132 | €9,477 | €9,477 | = | 0.0% |
| Distributable reserves | 133 | €26,226 | €26,226 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€201,181 | -€118,171 | +€83,010 | +41.3% |
| Amounts payable | 17/49 | €126,122 | €626 | -€125,497 | -99.5% |
| Amounts payable after more than one year | 17 | €100,000 | - | -€100,000 | |
| Other amounts payable | 178/9 | €100,000 | - | -€100,000 | |
| Amounts payable within one year | 42/48 | €26,122 | €626 | -€25,497 | -97.6% |
| Trade debts | 44 | - | €626 | +€626 | |
| Suppliers | 440/4 | - | €626 | +€626 | |
| Taxes, remuneration and social security | 45 | €248 | - | -€248 | |
| Taxes | 450/3 | €248 | - | -€248 | |
| Other amounts payable | 47/48 | €25,875 | - | -€25,875 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,192 | €564 | -€9,628 | -94.5% |
| Other operating charges | 640/8 | €5,953 | €527 | -€5,426 | -91.1% |
| Gross operating margin | 9900 | -€9,761 | €18,033 | +€27,795 | |
| Operating profit (loss) | 9901 | -€25,907 | €16,942 | +€42,849 | |
| Financial income | 75/76B | - | €66,773 | +€66,773 | |
| Recurring financial income | 75 | - | €66,773 | +€66,773 | |
| Non-recurring financial income | 76B | - | €66,773 | +€66,773 | |
| Financial charges | 65/66B | €642 | €705 | +€63 | +9.8% |
| Recurring financial charges | 65 | €642 | €705 | +€63 | +9.8% |
| Profit (loss) for the period before taxes | 9903 | -€26,548 | €83,010 | +€109,559 | |
| Profit (loss) for the period | 9904 | -€26,548 | €83,010 | +€109,559 | |
| Profit (loss) for the period to be appropriated | 9905 | -€26,548 | €83,010 | +€109,559 |
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 27 October 2026 via checked.be.