Delo Fresh: 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.
Delo Fresh
Largest movements
- Receivables within one year -€87,499
down €87,499 (-16.6%), from €527,585 to €440,086
of which Trade receivables: -€79,970
- Intangible fixed assets -€86,667
down €86,667 (-30.4%), from €285,151 to €198,484
- Cash -€57,250
down €57,250 (-54.8%), from €104,420 to €47,170
mainly Trade debts (-€380,832) and Investment in fixed assets (net) (-€99,465)
- Tangible fixed assets +€13,210
up €13,210 (+9.3%), from €141,522 to €154,732
of which Plant, machinery and equipment: +€12,959
- Trade debts -€380,832
down €380,832 (-63.7%), from €597,524 to €216,692
- Profit (loss) carried forward +€179,655
up €179,655 (+204%), from €88,238 to €267,893
- Current portion of long-term debt -€40,333
down €40,333 (-100%), from €40,333 to €0
- Tax, wage and social debts +€15,088
up €15,088 (+56.0%), from €26,965 to €42,053
of which Taxes: +€13,351
- Other debts +€12,236
up €12,236 (+3.9%), from €313,194 to €325,430
- Gross operating margin +€250,453
up €250,453 (+41.8%), from €598,770 to €849,223
- Taxes +€53,260
up €53,260 (+553%), from €9,626 to €62,886
- Depreciation +€22,520
up €22,520 (+15.0%), from €150,402 to €172,922
- Staff costs +€21,898
up €21,898 (+6.0%), from €366,948 to €388,846
- Other operating charges +€11,293
up €11,293 (+59.5%), from €18,977 to €30,270
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 | €1,084,855 | €870,668 | -€214,187 | -19.7% |
| Fixed assets | 21/28 | €426,673 | €353,216 | -€73,457 | -17.2% |
| Intangible fixed assets | 21 | €285,151 | €198,484 | -€86,667 | -30.4% |
| Tangible fixed assets | 22/27 | €141,522 | €154,732 | +€13,210 | +9.3% |
| Plant, machinery and equipment | 23 | €20,432 | €33,391 | +€12,959 | +63.4% |
| Furniture and vehicles | 24 | €121,090 | €121,340 | +€251 | +0.2% |
| Current assets | 29/58 | €658,182 | €517,452 | -€140,730 | -21.4% |
| Stocks and contracts in progress | 3 | €6,063 | €2,538 | -€3,525 | -58.1% |
| Stocks | 30/36 | €6,063 | €2,538 | -€3,525 | -58.1% |
| Amounts receivable within one year | 40/41 | €527,585 | €440,086 | -€87,499 | -16.6% |
| Trade receivables | 40 | €490,427 | €410,457 | -€79,970 | -16.3% |
| Other amounts receivable | 41 | €37,158 | €29,629 | -€7,529 | -20.3% |
| Cash at bank and in hand | 54/58 | €104,420 | €47,170 | -€57,250 | -54.8% |
| Deferred charges and accrued income | 490/1 | €20,115 | €27,659 | +€7,544 | +37.5% |
| Total equity and liabilities | 10/49 | €1,084,855 | €870,668 | -€214,187 | -19.7% |
| Equity | 10/15 | €106,838 | €286,493 | +€179,655 | +168% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €88,238 | €267,893 | +€179,655 | +204% |
| Amounts payable | 17/49 | €978,017 | €584,175 | -€393,841 | -40.3% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €978,017 | €584,175 | -€393,841 | -40.3% |
| Current portion of amounts payable after more than one year | 42 | €40,333 | €0 | -€40,333 | -100% |
| Trade debts | 44 | €597,524 | €216,692 | -€380,832 | -63.7% |
| Suppliers | 440/4 | €597,524 | €216,692 | -€380,832 | -63.7% |
| Taxes, remuneration and social security | 45 | €26,965 | €42,053 | +€15,088 | +56.0% |
| Taxes | 450/3 | €4,799 | €18,151 | +€13,351 | +278% |
| Remuneration and social security | 454/9 | €22,166 | €23,902 | +€1,737 | +7.8% |
| Other amounts payable | 47/48 | €313,194 | €325,430 | +€12,236 | +3.9% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €11,112 | €495 | -€10,617 | -95.5% |
| Remuneration, social security and pensions | 62 | €366,948 | €388,846 | +€21,898 | +6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €150,402 | €172,922 | +€22,520 | +15.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €21,618 | €12,975 | -€8,643 | -40.0% |
| Other operating charges | 640/8 | €18,977 | €30,270 | +€11,293 | +59.5% |
| Gross operating margin | 9900 | €598,770 | €849,223 | +€250,453 | +41.8% |
| Operating profit (loss) | 9901 | €40,824 | €244,210 | +€203,386 | +498% |
| Financial income | 75/76B | €630 | €109 | -€521 | -82.7% |
| Recurring financial income | 75 | €630 | €109 | -€521 | -82.7% |
| Financial charges | 65/66B | €2,469 | €1,779 | -€690 | -28.0% |
| Recurring financial charges | 65 | €2,469 | €1,779 | -€690 | -28.0% |
| Profit (loss) for the period before taxes | 9903 | €38,985 | €242,540 | +€203,555 | +522% |
| Income taxes | 67/77 | €9,626 | €62,886 | +€53,260 | +553% |
| Profit (loss) for the period | 9904 | €29,360 | €179,655 | +€150,295 | +512% |
| Profit (loss) for the period to be appropriated | 9905 | €29,360 | €179,655 | +€150,295 | +512% |
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 22 October 2026 via checked.be.