KWEKERIJ DELCO: 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.
KWEKERIJ DELCO
Largest movements
- Tangible fixed assets +€156,654
up €156,654 (+29.4%), from €533,275 to €689,929
of which Furniture and vehicles: +€204,668
- Receivables within one year +€124,335
up €124,335 (+132%), from €94,111 to €218,446
of which Trade receivables: +€64,080
- Other debts -€667,609
down €667,609 (-79.8%), from €836,936 to €169,327
- Short-term financial debts +€558,333
up €558,333 (+238%), from €235,000 to €793,333
- Profit (loss) carried forward +€174,287
up €174,287 (+309%), from €56,416 to €230,703
- Debts after one year +€127,308
up €127,308 (+8.9%), from €1.4m to €1.6m
of which Financial debts: +€92,292
- Current portion of long-term debt +€79,246
new in 2025: €79,246
- Gross operating margin -€769,065
down €769,065 (-53.1%), from €1.4m to €679,957
- Taxes -€277,883
down €277,883 (-81.1%), from €342,692 to €64,810
- Depreciation +€59,038
up €59,038 (+107%), from €55,179 to €114,217
- Financial charges -€55,725
down €55,725 (-43.6%), from €127,756 to €72,030
- Staff costs +€26,410
up €26,410 (+12.8%), from €207,056 to €233,466
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 | €4,364,940 | €4,669,564 | +€304,624 | +7.0% |
| Fixed assets | 21/28 | €533,275 | €689,929 | +€156,654 | +29.4% |
| Tangible fixed assets | 22/27 | €533,275 | €689,929 | +€156,654 | +29.4% |
| Land and buildings | 22 | €444,182 | €419,319 | -€24,863 | -5.6% |
| Plant, machinery and equipment | 23 | €89,092 | €65,942 | -€23,151 | -26.0% |
| Furniture and vehicles | 24 | €1 | €204,668 | +€204,668 | +40,933,530% |
| Current assets | 29/58 | €3,831,665 | €3,979,634 | +€147,970 | +3.9% |
| Stocks and contracts in progress | 3 | €3,724,813 | €3,740,526 | +€15,712 | +0.4% |
| Stocks | 30/36 | €3,724,813 | €3,740,526 | +€15,712 | +0.4% |
| Amounts receivable within one year | 40/41 | €94,111 | €218,446 | +€124,335 | +132% |
| Trade receivables | 40 | €89,775 | €153,855 | +€64,080 | +71.4% |
| Other amounts receivable | 41 | €4,337 | €64,591 | +€60,254 | +1,389% |
| Cash at bank and in hand | 54/58 | €12,740 | €20,663 | +€7,923 | +62.2% |
| Total equity and liabilities | 10/49 | €4,364,940 | €4,669,564 | +€304,624 | +7.0% |
| Equity | 10/15 | €1,055,991 | €1,230,278 | +€174,287 | +16.5% |
| Contributions | 10/11 | €165,742 | €165,742 | = | 0.0% |
| Reserves | 13 | €833,832 | €833,832 | = | 0.0% |
| Non-distributable reserves | 130/1 | €16,574 | €16,574 | = | 0.0% |
| Reserves not available under the articles | 1311 | €16,574 | €16,574 | = | 0.0% |
| Distributable reserves | 133 | €817,258 | €817,258 | = | 0.0% |
| Profit (loss) carried forward | 14 | €56,416 | €230,703 | +€174,287 | +309% |
| Amounts payable | 17/49 | €3,308,948 | €3,439,285 | +€130,337 | +3.9% |
| Amounts payable after more than one year | 17 | €1,427,343 | €1,554,651 | +€127,308 | +8.9% |
| Financial debts | 170/4 | - | €92,292 | +€92,292 | |
| Other amounts payable | 178/9 | €1,427,343 | €1,462,358 | +€35,015 | +2.5% |
| Amounts payable within one year | 42/48 | €1,881,430 | €1,884,460 | +€3,029 | +0.2% |
| Current portion of amounts payable after more than one year | 42 | - | €79,246 | +€79,246 | |
| Financial debts | 43 | €235,000 | €793,333 | +€558,333 | +238% |
| Credit institutions | 430/8 | €235,000 | €793,333 | +€558,333 | +238% |
| Trade debts | 44 | €514,002 | €560,665 | +€46,663 | +9.1% |
| Suppliers | 440/4 | €514,002 | €560,665 | +€46,663 | +9.1% |
| Taxes, remuneration and social security | 45 | €295,492 | €281,889 | -€13,603 | -4.6% |
| Taxes | 450/3 | €272,907 | €257,371 | -€15,536 | -5.7% |
| Remuneration and social security | 454/9 | €22,585 | €24,518 | +€1,933 | +8.6% |
| Other amounts payable | 47/48 | €836,936 | €169,327 | -€667,609 | -79.8% |
| Accrued charges and deferred income | 492/3 | €175 | €175 | = | 0.0% |
| Non-recurring operating income | 76A | - | €18,000 | +€18,000 | |
| Remuneration, social security and pensions | 62 | €207,056 | €233,466 | +€26,410 | +12.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,179 | €114,217 | +€59,038 | +107% |
| Other operating charges | 640/8 | €19,297 | €28,384 | +€9,087 | +47.1% |
| Gross operating margin | 9900 | €1,449,022 | €679,957 | -€769,065 | -53.1% |
| Operating profit (loss) | 9901 | €1,167,491 | €303,889 | -€863,601 | -74.0% |
| Financial income | 75/76B | €5,910 | €7,238 | +€1,328 | +22.5% |
| Recurring financial income | 75 | €5,910 | €7,238 | +€1,328 | +22.5% |
| Financial charges | 65/66B | €127,756 | €72,030 | -€55,725 | -43.6% |
| Recurring financial charges | 65 | €127,756 | €72,030 | -€55,725 | -43.6% |
| Profit (loss) for the period before taxes | 9903 | €1,045,645 | €239,097 | -€806,548 | -77.1% |
| Income taxes | 67/77 | €342,692 | €64,810 | -€277,883 | -81.1% |
| Profit (loss) for the period | 9904 | €702,952 | €174,287 | -€528,665 | -75.2% |
| Profit (loss) for the period to be appropriated | 9905 | €702,952 | €174,287 | -€528,665 | -75.2% |
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 29 October 2026 via checked.be.