DELIFRESH: 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.
DELIFRESH
Largest movements
- Stocks and contracts +€70,301
up €70,301 (+58.3%), from €120,553 to €190,853
- Cash -€62,068
down €62,068 (-69.4%), from €89,426 to €27,358
mainly Stocks and contracts (-€70,301) and Receivables within one year (-€53,580)
- Receivables within one year +€53,580
up €53,580 (+9.4%), from €571,977 to €625,557
of which Trade receivables: +€99,976
- Intangible fixed assets -€52,830
down €52,830 (-96.8%), from €54,566 to €1,737
- Tangible fixed assets -€17,526
down €17,526 (-25.5%), from €68,726 to €51,200
of which Plant, machinery and equipment: -€15,595
- Trade debts -€37,857
down €37,857 (-7.5%), from €501,875 to €464,017
- Other debts +€23,932
up €23,932 (+9.0%), from €264,937 to €288,868
- Depreciation -€162,516
down €162,516 (-69.2%), from €234,829 to €72,313
- Gross operating margin +€146,915
up €146,915 (+46.9%), from €313,058 to €459,973
- Staff costs -€76,473
down €76,473 (-19.5%), from €391,962 to €315,489
- Financial charges -€5,741
down €5,741 (-8.8%), from €65,208 to €59,467
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 | €985,177 | €984,867 | -€310 | 0.0% |
| Fixed assets | 21/28 | €128,925 | €61,786 | -€67,139 | -52.1% |
| Intangible fixed assets | 21 | €54,566 | €1,737 | -€52,830 | -96.8% |
| Tangible fixed assets | 22/27 | €68,726 | €51,200 | -€17,526 | -25.5% |
| Plant, machinery and equipment | 23 | €65,523 | €49,928 | -€15,595 | -23.8% |
| Furniture and vehicles | 24 | €3,203 | €1,272 | -€1,931 | -60.3% |
| Financial fixed assets | 28 | €5,633 | €8,849 | +€3,216 | +57.1% |
| Current assets | 29/58 | €856,252 | €923,081 | +€66,829 | +7.8% |
| Amounts receivable after more than one year | 29 | €37,500 | €37,500 | = | 0.0% |
| Other amounts receivable | 291 | €37,500 | €37,500 | = | 0.0% |
| Stocks and contracts in progress | 3 | €120,553 | €190,853 | +€70,301 | +58.3% |
| Stocks | 30/36 | €120,553 | €190,853 | +€70,301 | +58.3% |
| Amounts receivable within one year | 40/41 | €571,977 | €625,557 | +€53,580 | +9.4% |
| Trade receivables | 40 | €447,327 | €547,304 | +€99,976 | +22.3% |
| Other amounts receivable | 41 | €124,650 | €78,253 | -€46,397 | -37.2% |
| Current investments | 50/53 | €5,505 | €5,528 | +€23 | +0.4% |
| Cash at bank and in hand | 54/58 | €89,426 | €27,358 | -€62,068 | -69.4% |
| Deferred charges and accrued income | 490/1 | €31,290 | €36,284 | +€4,993 | +16.0% |
| Total equity and liabilities | 10/49 | €985,177 | €984,867 | -€310 | 0.0% |
| Equity | 10/15 | -€255,685 | -€248,022 | +€7,663 | +3.0% |
| Contributions | 10/11 | €1,000,000 | €1,000,000 | = | 0.0% |
| Contributions outside capital | 11 | €1,000,000 | €1,000,000 | = | 0.0% |
| Other | 1109/19 | €1,000,000 | €1,000,000 | = | 0.0% |
| Reserves | 13 | €121,856 | €121,856 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €94 | €94 | = | 0.0% |
| Distributable reserves | 133 | €119,763 | €119,763 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,377,541 | -€1,369,878 | +€7,663 | +0.6% |
| Amounts payable | 17/49 | €1,240,862 | €1,232,889 | -€7,974 | -0.6% |
| Amounts payable after more than one year | 17 | €50,000 | €50,000 | = | 0.0% |
| Financial debts | 170/4 | €50,000 | €50,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,190,862 | €1,181,544 | -€9,318 | -0.8% |
| Financial debts | 43 | €375,374 | €378,530 | +€3,156 | +0.8% |
| Credit institutions | 430/8 | €375,374 | €375,979 | +€605 | +0.2% |
| Other loans | 439 | - | €2,551 | +€2,551 | |
| Trade debts | 44 | €501,875 | €464,017 | -€37,857 | -7.5% |
| Suppliers | 440/4 | €501,875 | €464,017 | -€37,857 | -7.5% |
| Taxes, remuneration and social security | 45 | €48,677 | €50,129 | +€1,452 | +3.0% |
| Taxes | 450/3 | €773 | €3,634 | +€2,861 | +369.9% |
| Remuneration and social security | 454/9 | €47,903 | €46,494 | -€1,409 | -2.9% |
| Other amounts payable | 47/48 | €264,937 | €288,868 | +€23,932 | +9.0% |
| Accrued charges and deferred income | 492/3 | - | €1,345 | +€1,345 | |
| Non-recurring operating income | 76A | €8,058 | - | -€8,058 | |
| Remuneration, social security and pensions | 62 | €391,962 | €315,489 | -€76,473 | -19.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €234,829 | €72,313 | -€162,516 | -69.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,302 | +€1,302 | |
| Other operating charges | 640/8 | €7,636 | €3,320 | -€4,315 | -56.5% |
| Non-recurring operating charges | 66A | €659 | - | -€659 | |
| Gross operating margin | 9900 | €313,058 | €459,973 | +€146,915 | +46.9% |
| Operating profit (loss) | 9901 | -€322,026 | €67,549 | +€389,575 | |
| Financial income | 75/76B | €30 | €350 | +€319 | +1053.4% |
| Recurring financial income | 75 | €30 | €350 | +€319 | +1053.4% |
| Financial charges | 65/66B | €65,208 | €59,467 | -€5,741 | -8.8% |
| Recurring financial charges | 65 | €65,208 | €59,467 | -€5,741 | -8.8% |
| Profit (loss) for the period before taxes | 9903 | -€387,204 | €8,431 | +€395,635 | |
| Income taxes | 67/77 | €618 | €768 | +€150 | +24.2% |
| Profit (loss) for the period | 9904 | -€387,823 | €7,663 | +€395,486 | |
| Profit (loss) for the period to be appropriated | 9905 | -€387,823 | €7,663 | +€395,486 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.