DELIZE-CASSART: 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.
DELIZE-CASSART
Largest movements
- Tangible fixed assets -€68,838
down €68,838 (-9.7%), from €712,959 to €644,122
- Cash -€19,300
down €19,300 (-19.7%), from €97,763 to €78,463
mainly Debts after one year (-€140,466) and Contributions, distributions and other (-€108,178)
- Debts after one year -€140,466
down €140,466 (-20.4%), from €689,615 to €549,149
of which Other amounts payable: -€80,000
- Other debts +€75,597
up €75,597 (+178%), from €42,547 to €118,144
- Reserves -€24,261
down €24,261 (-41.7%), from €58,113 to €33,852
- Gross operating margin -€48,049
down €48,049 (-16.1%), from €297,637 to €249,588
- Taxes -€14,809
down €14,809 (-34.4%), from €43,108 to €28,300
- Staff costs +€10,800
up €10,800 (+25.5%), from €42,314 to €53,114
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 | €887,068 | €798,636 | -€88,432 | -10.0% |
| Fixed assets | 21/28 | €713,556 | €644,271 | -€69,285 | -9.7% |
| Intangible fixed assets | 21 | €597 | €150 | -€448 | -74.9% |
| Tangible fixed assets | 22/27 | €712,959 | €644,122 | -€68,838 | -9.7% |
| Land and buildings | 22 | €641,098 | €609,497 | -€31,601 | -4.9% |
| Plant, machinery and equipment | 23 | €48,801 | €24,651 | -€24,150 | -49.5% |
| Furniture and vehicles | 24 | €23,060 | €9,974 | -€13,086 | -56.7% |
| Current assets | 29/58 | €173,512 | €154,365 | -€19,147 | -11.0% |
| Stocks and contracts in progress | 3 | €55,810 | €62,013 | +€6,203 | +11.1% |
| Stocks | 30/36 | €55,810 | €62,013 | +€6,203 | +11.1% |
| Amounts receivable within one year | 40/41 | €6,854 | €6,700 | -€153 | -2.2% |
| Other amounts receivable | 41 | €6,854 | €6,700 | -€153 | -2.2% |
| Cash at bank and in hand | 54/58 | €97,763 | €78,463 | -€19,300 | -19.7% |
| Deferred charges and accrued income | 490/1 | €13,084 | €7,189 | -€5,896 | -45.1% |
| Total equity and liabilities | 10/49 | €887,068 | €798,636 | -€88,432 | -10.0% |
| Equity | 10/15 | €76,713 | €52,452 | -€24,261 | -31.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €58,113 | €33,852 | -€24,261 | -41.7% |
| Distributable reserves | 133 | €58,113 | €33,852 | -€24,261 | -41.7% |
| Amounts payable | 17/49 | €810,355 | €746,184 | -€64,171 | -7.9% |
| Amounts payable after more than one year | 17 | €689,615 | €549,149 | -€140,466 | -20.4% |
| Financial debts | 170/4 | €479,615 | €419,149 | -€60,466 | -12.6% |
| Other amounts payable | 178/9 | €210,000 | €130,000 | -€80,000 | -38.1% |
| Amounts payable within one year | 42/48 | €120,740 | €197,035 | +€76,295 | +63.2% |
| Current portion of amounts payable after more than one year | 42 | €59,755 | €60,466 | +€711 | +1.2% |
| Trade debts | 44 | €9,401 | €12,355 | +€2,955 | +31.4% |
| Suppliers | 440/4 | €9,401 | €12,355 | +€2,955 | +31.4% |
| Taxes, remuneration and social security | 45 | €9,037 | €6,070 | -€2,967 | -32.8% |
| Taxes | 450/3 | €3,108 | - | -€3,108 | |
| Remuneration and social security | 454/9 | €5,929 | €6,070 | +€141 | +2.4% |
| Other amounts payable | 47/48 | €42,547 | €118,144 | +€75,597 | +178% |
| Remuneration, social security and pensions | 62 | €42,314 | €53,114 | +€10,800 | +25.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,269 | €74,826 | +€557 | +0.7% |
| Other operating charges | 640/8 | €2,073 | €1,987 | -€86 | -4.2% |
| Gross operating margin | 9900 | €297,637 | €249,588 | -€48,049 | -16.1% |
| Operating profit (loss) | 9901 | €178,982 | €119,662 | -€59,320 | -33.1% |
| Financial income | 75/76B | €0 | €0 | -€0 | -85.7% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -85.7% |
| Financial charges | 65/66B | €8,301 | €7,445 | -€856 | -10.3% |
| Recurring financial charges | 65 | €8,301 | €7,445 | -€856 | -10.3% |
| Profit (loss) for the period before taxes | 9903 | €170,681 | €112,217 | -€58,464 | -34.3% |
| Income taxes | 67/77 | €43,108 | €28,300 | -€14,809 | -34.4% |
| Profit (loss) for the period | 9904 | €127,573 | €83,917 | -€43,656 | -34.2% |
| Profit (loss) for the period to be appropriated | 9905 | €127,573 | €83,917 | -€43,656 | -34.2% |
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 17 October 2026 via checked.be.