DELICHE: 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.
DELICHE
Largest movements
- Financial fixed assets +€100,000
new in 2025: €100,000
- Receivables within one year -€93,846
down €93,846 (-91.9%), from €102,083 to €8,237
of which Other amounts receivable: -€88,011
- Tangible fixed assets -€16,035
down €16,035 (-18.7%), from €85,664 to €69,629
of which Land and buildings: -€15,131
- Cash -€6,775
down €6,775 (-75.1%), from €9,026 to €2,252
mainly Investment in fixed assets (net) (-€100,000) and Debts after one year (-€20,436)
- Debts after one year -€20,436
down €20,436 (-15.8%), from €129,128 to €108,693
- Reserves +€5,516
up €5,516 (+11.2%), from €49,160 to €54,676
of which Distributable reserves: +€5,516
- Accrued charges and deferred income -€4,880
no longer reported in 2025 (was €4,880)
- Other debts +€3,602
up €3,602 (+12.1%), from €29,803 to €33,406
- Gross operating margin +€36,288
up €36,288, from -€6,942 to €29,346
- Write-downs +€28,000
no longer reported in 2025 (was -€28,000)
- Financial income -€4,276
down €4,276 (-93.9%), from €4,556 to €280
of which Financial income: -€4,199
- Taxes +€2,988
up €2,988 (+932.3%), from €321 to €3,309
- Financial charges -€962
down €962 (-24.4%), from €3,938 to €2,975
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 | €275,047 | €258,391 | -€16,656 | -6.1% |
| Fixed assets | 21/28 | €85,664 | €169,629 | +€83,965 | +98.0% |
| Tangible fixed assets | 22/27 | €85,664 | €69,629 | -€16,035 | -18.7% |
| Land and buildings | 22 | €80,068 | €64,936 | -€15,131 | -18.9% |
| Plant, machinery and equipment | 23 | €5,056 | €4,319 | -€738 | -14.6% |
| Furniture and vehicles | 24 | €540 | €374 | -€166 | -30.7% |
| Financial fixed assets | 28 | - | €100,000 | +€100,000 | |
| Current assets | 29/58 | €189,383 | €88,762 | -€100,621 | -53.1% |
| Stocks and contracts in progress | 3 | €3,000 | €3,000 | = | 0.0% |
| Stocks | 30/36 | €3,000 | €3,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €102,083 | €8,237 | -€93,846 | -91.9% |
| Trade receivables | 40 | €13,025 | €7,190 | -€5,835 | -44.8% |
| Other amounts receivable | 41 | €89,059 | €1,047 | -€88,011 | -98.8% |
| Cash at bank and in hand | 54/58 | €9,026 | €2,252 | -€6,775 | -75.1% |
| Deferred charges and accrued income | 490/1 | €75,273 | €75,273 | = | 0.0% |
| Total equity and liabilities | 10/49 | €275,047 | €258,391 | -€16,656 | -6.1% |
| Equity | 10/15 | €69,238 | €74,754 | +€5,516 | +8.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €49,160 | €54,676 | +€5,516 | +11.2% |
| Tax-exempt reserves | 132 | €7,006 | €7,006 | = | 0.0% |
| Distributable reserves | 133 | €42,155 | €47,671 | +€5,516 | +13.1% |
| Profit (loss) carried forward | 14 | €77 | €77 | = | 0.0% |
| Provisions and deferred taxes | 16 | €17,000 | €17,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €17,000 | €17,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €17,000 | €17,000 | = | 0.0% |
| Amounts payable | 17/49 | €188,809 | €166,637 | -€22,172 | -11.7% |
| Amounts payable after more than one year | 17 | €129,128 | €108,693 | -€20,436 | -15.8% |
| Financial debts | 170/4 | €129,128 | €108,693 | -€20,436 | -15.8% |
| Amounts payable within one year | 42/48 | €54,801 | €57,944 | +€3,144 | +5.7% |
| Current portion of amounts payable after more than one year | 42 | €20,022 | €20,436 | +€414 | +2.1% |
| Trade debts | 44 | €3,145 | €489 | -€2,655 | -84.4% |
| Suppliers | 440/4 | €3,145 | €489 | -€2,655 | -84.4% |
| Taxes, remuneration and social security | 45 | €1,831 | €3,614 | +€1,783 | +97.4% |
| Taxes | 450/3 | €1,831 | €3,614 | +€1,783 | +97.4% |
| Other amounts payable | 47/48 | €29,803 | €33,406 | +€3,602 | +12.1% |
| Accrued charges and deferred income | 492/3 | €4,880 | - | -€4,880 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,805 | €16,035 | -€770 | -4.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€28,000 | - | +€28,000 | |
| Other operating charges | 640/8 | €2,606 | €1,791 | -€815 | -31.3% |
| Gross operating margin | 9900 | -€6,942 | €29,346 | +€36,288 | |
| Operating profit (loss) | 9901 | €1,647 | €11,520 | +€9,873 | +599.4% |
| Financial income | 75/76B | €4,556 | €280 | -€4,276 | -93.9% |
| Recurring financial income | 75 | €4,479 | €280 | -€4,199 | -93.7% |
| Non-recurring financial income | 76B | €77 | - | -€77 | |
| Financial charges | 65/66B | €3,938 | €2,975 | -€962 | -24.4% |
| Recurring financial charges | 65 | €3,938 | €2,975 | -€962 | -24.4% |
| Profit (loss) for the period before taxes | 9903 | €2,266 | €8,825 | +€6,559 | +289.5% |
| Income taxes | 67/77 | €321 | €3,309 | +€2,988 | +932.3% |
| Profit (loss) for the period | 9904 | €1,945 | €5,516 | +€3,571 | +183.6% |
| Profit (loss) for the period to be appropriated | 9905 | €1,945 | €5,516 | +€3,571 | +183.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.