DELISH: 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.
DELISH
Largest movements
- Tangible fixed assets +€147,267
up €147,267 (+3,694%), from €3,986 to €151,254
of which Other tangible fixed assets: +€86,182
- Receivables within one year +€132,652
up €132,652 (+155%), from €85,413 to €218,066
of which Trade receivables: +€135,061
- Stocks and contracts +€13,984
up €13,984 (+2,664%), from €525 to €14,509
- Cash +€9,202
up €9,202 (+252%), from €3,646 to €12,848
mainly Trade debts (+€176,862) and Advances received (+€69,665)
- Intangible fixed assets +€6,168
new in 2025: €6,168
- Trade debts +€176,862
up €176,862 (+777%), from €22,757 to €199,619
- Advances received +€69,665
new in 2025: €69,665
- Accrued charges and deferred income +€50,609
new in 2025: €50,609
- Profit (loss) carried forward +€23,475
up €23,475, from -€3,134 to €20,341
- Other debts -€21,073
down €21,073 (-98.4%), from €21,422 to €349
- Staff costs +€130,340
up €130,340 (+424%), from €30,775 to €161,116
- Gross operating margin +€101,562
up €101,562 (+92.2%), from €110,150 to €211,712
- Depreciation +€9,134
up €9,134 (+389%), from €2,350 to €11,484
- Financial charges +€6,739
up €6,739 (+123%), from €5,471 to €12,210
of which Financial charges: +€4,739
- Other operating charges +€3,030
up €3,030 (+763%), from €397 to €3,427
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 | €93,704 | €404,692 | +€310,988 | +332% |
| Fixed assets | 21/28 | €3,986 | €158,746 | +€154,760 | +3,882% |
| Intangible fixed assets | 21 | - | €6,168 | +€6,168 | |
| Tangible fixed assets | 22/27 | €3,986 | €151,254 | +€147,267 | +3,694% |
| Plant, machinery and equipment | 23 | - | €61,086 | +€61,086 | |
| Other tangible fixed assets | 26 | €3,986 | €90,168 | +€86,182 | +2,162% |
| Financial fixed assets | 28 | - | €1,324 | +€1,324 | |
| Current assets | 29/58 | €89,717 | €245,946 | +€156,228 | +174% |
| Stocks and contracts in progress | 3 | €525 | €14,509 | +€13,984 | +2,664% |
| Stocks | 30/36 | €525 | €14,509 | +€13,984 | +2,664% |
| Amounts receivable within one year | 40/41 | €85,413 | €218,066 | +€132,652 | +155% |
| Trade receivables | 40 | - | €135,061 | +€135,061 | |
| Other amounts receivable | 41 | €85,413 | €83,004 | -€2,409 | -2.8% |
| Cash at bank and in hand | 54/58 | €3,646 | €12,848 | +€9,202 | +252% |
| Deferred charges and accrued income | 490/1 | €133 | €523 | +€390 | +292% |
| Total equity and liabilities | 10/49 | €93,704 | €404,692 | +€310,988 | +332% |
| Equity | 10/15 | €17,271 | €40,746 | +€23,475 | +136% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,134 | €20,341 | +€23,475 | |
| Amounts payable | 17/49 | €76,433 | €363,945 | +€287,513 | +376% |
| Amounts payable after more than one year | 17 | €27,500 | €27,500 | = | 0.0% |
| Other amounts payable | 178/9 | €27,500 | €27,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €48,933 | €285,836 | +€236,904 | +484% |
| Trade debts | 44 | €22,757 | €199,619 | +€176,862 | +777% |
| Suppliers | 440/4 | €22,757 | €199,619 | +€176,862 | +777% |
| Advances received on contracts in progress | 46 | - | €69,665 | +€69,665 | |
| Taxes, remuneration and social security | 45 | €4,753 | €16,203 | +€11,450 | +241% |
| Taxes | 450/3 | €89 | €0 | -€89 | -100% |
| Remuneration and social security | 454/9 | €4,664 | €16,203 | +€11,539 | +247% |
| Other amounts payable | 47/48 | €21,422 | €349 | -€21,073 | -98.4% |
| Accrued charges and deferred income | 492/3 | - | €50,609 | +€50,609 | |
| Remuneration, social security and pensions | 62 | €30,775 | €161,116 | +€130,340 | +424% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,350 | €11,484 | +€9,134 | +389% |
| Other operating charges | 640/8 | €397 | €3,427 | +€3,030 | +763% |
| Gross operating margin | 9900 | €110,150 | €211,712 | +€101,562 | +92.2% |
| Operating profit (loss) | 9901 | €76,628 | €35,686 | -€40,942 | -53.4% |
| Financial income | 75/76B | €0 | €0 | -€0 | -96.7% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -96.7% |
| Financial charges | 65/66B | €5,471 | €12,210 | +€6,739 | +123% |
| Recurring financial charges | 65 | €5,471 | €10,210 | +€4,739 | +86.6% |
| Non-recurring financial charges | 66B | - | €2,000 | +€2,000 | |
| Profit (loss) for the period before taxes | 9903 | €71,158 | €23,475 | -€47,682 | -67.0% |
| Profit (loss) for the period | 9904 | €71,158 | €23,475 | -€47,682 | -67.0% |
| Profit (loss) for the period to be appropriated | 9905 | €71,158 | €23,475 | -€47,682 | -67.0% |
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 13 October 2026 via checked.be.