DELIPACK: 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.
DELIPACK
Largest movements
- Receivables within one year +€83,112
up €83,112 (+600.9%), from €13,831 to €96,944
of which Other amounts receivable: +€77,960
- Tangible fixed assets -€75,944
down €75,944 (-4.0%), from €1.9m to €1.8m
of which Land and buildings: -€82,526
- Reserves +€239,434
up €239,434 (+23.7%), from €1.0m to €1.3m
of which Distributable reserves: +€239,434
- Other debts -€122,173
down €122,173 (-100.0%), from €122,173 to €0
- Accrued charges and deferred income -€45,000
down €45,000 (-100.0%), from €45,000 to €0
- Trade debts -€32,513
down €32,513 (-28.0%), from €115,991 to €83,478
- Debts after one year -€25,485
down €25,485 (-5.3%), from €478,690 to €453,204
- Gross operating margin +€152,883
up €152,883 (+44.4%), from €344,488 to €497,371
- Taxes +€48,313
up €48,313 (+78.2%), from €61,771 to €110,083
- Depreciation +€12,447
up €12,447 (+12.0%), from €104,018 to €116,466
- Other operating charges +€11,391
up €11,391 (+142.3%), from €8,002 to €19,393
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 | €1,894,943 | €1,904,769 | +€9,825 | +0.5% |
| Fixed assets | 21/28 | €1,880,336 | €1,804,392 | -€75,944 | -4.0% |
| Tangible fixed assets | 22/27 | €1,880,336 | €1,804,392 | -€75,944 | -4.0% |
| Land and buildings | 22 | €1,880,336 | €1,797,810 | -€82,526 | -4.4% |
| Furniture and vehicles | 24 | - | €6,582 | +€6,582 | |
| Current assets | 29/58 | €14,607 | €100,377 | +€85,769 | +587.2% |
| Amounts receivable within one year | 40/41 | €13,831 | €96,944 | +€83,112 | +600.9% |
| Trade receivables | 40 | €0 | €5,153 | +€5,153 | |
| Other amounts receivable | 41 | €13,831 | €91,791 | +€77,960 | +563.6% |
| Cash at bank and in hand | 54/58 | €776 | €3,433 | +€2,657 | +342.5% |
| Total equity and liabilities | 10/49 | €1,894,943 | €1,904,769 | +€9,825 | +0.5% |
| Equity | 10/15 | €1,029,329 | €1,268,763 | +€239,434 | +23.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,010,729 | €1,250,163 | +€239,434 | +23.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €80,703 | €80,703 | = | 0.0% |
| Distributable reserves | 133 | €928,166 | €1,167,600 | +€239,434 | +25.8% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €865,614 | €636,005 | -€229,609 | -26.5% |
| Amounts payable after more than one year | 17 | €478,690 | €453,204 | -€25,485 | -5.3% |
| Financial debts | 170/4 | €478,690 | €453,204 | -€25,485 | -5.3% |
| Amounts payable within one year | 42/48 | €341,925 | €182,801 | -€159,124 | -46.5% |
| Current portion of amounts payable after more than one year | 42 | €30,555 | €26,642 | -€3,913 | -12.8% |
| Trade debts | 44 | €115,991 | €83,478 | -€32,513 | -28.0% |
| Suppliers | 440/4 | €115,991 | €83,478 | -€32,513 | -28.0% |
| Advances received on contracts in progress | 46 | €1,286 | €0 | -€1,286 | -100.0% |
| Taxes, remuneration and social security | 45 | €71,920 | €72,681 | +€762 | +1.1% |
| Taxes | 450/3 | €71,920 | €72,681 | +€762 | +1.1% |
| Other amounts payable | 47/48 | €122,173 | €0 | -€122,173 | -100.0% |
| Accrued charges and deferred income | 492/3 | €45,000 | €0 | -€45,000 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €104,018 | €116,466 | +€12,447 | +12.0% |
| Other operating charges | 640/8 | €8,002 | €19,393 | +€11,391 | +142.3% |
| Gross operating margin | 9900 | €344,488 | €497,371 | +€152,883 | +44.4% |
| Operating profit (loss) | 9901 | €232,467 | €361,512 | +€129,045 | +55.5% |
| Financial income | 75/76B | €82 | €569 | +€487 | +595.0% |
| Recurring financial income | 75 | €82 | €569 | +€487 | +595.0% |
| Financial charges | 65/66B | €11,359 | €12,564 | +€1,206 | +10.6% |
| Recurring financial charges | 65 | €11,359 | €12,564 | +€1,206 | +10.6% |
| Profit (loss) for the period before taxes | 9903 | €221,191 | €349,518 | +€128,327 | +58.0% |
| Income taxes | 67/77 | €61,771 | €110,083 | +€48,313 | +78.2% |
| Profit (loss) for the period | 9904 | €159,420 | €239,434 | +€80,014 | +50.2% |
| Profit (loss) for the period to be appropriated | 9905 | €159,420 | €239,434 | +€80,014 | +50.2% |
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 10 October 2026 via checked.be.