L DELICES: 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.
L DELICES
Largest movements
- Receivables within one year +€46,010
up €46,010 (+343%), from €13,422 to €59,432
of which Trade receivables: +€39,523
- Tangible fixed assets +€28,372
up €28,372 (+104%), from €27,337 to €55,709
of which Land and buildings: +€34,865
- Intangible fixed assets -€23,657
down €23,657 (-19.4%), from €121,878 to €98,220
- Stocks and contracts +€17,316
up €17,316 (+76.2%), from €22,731 to €40,047
- Cash -€11,654
down €11,654 (-11.1%), from €105,234 to €93,580
mainly Receivables within one year (-€46,010) and Investment in fixed assets (net) (-€40,885)
- Trade debts +€63,374
up €63,374 (+192%), from €33,071 to €96,445
- Other debts -€30,281
no longer reported in 2025 (was €30,281)
- Tax, wage and social debts +€22,682
up €22,682 (+105%), from €21,669 to €44,351
of which Remuneration and social security: +€23,698
- Debts after one year +€18,334
up €18,334 (+15.8%), from €116,403 to €134,737
- Current portion of long-term debt -€6,486
down €6,486 (-16.1%), from €40,397 to €33,911
- Staff costs +€88,024
up €88,024 (+114%), from €76,973 to €164,998
- Gross operating margin +€81,207
up €81,207 (+58.0%), from €139,910 to €221,117
- Depreciation +€14,294
up €14,294 (+65.3%), from €21,877 to €36,171
- Financial charges +€6,560
up €6,560 (+62.9%), from €10,434 to €16,994
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 | €292,362 | €356,841 | +€64,480 | +22.1% |
| Fixed assets | 21/28 | €149,215 | €153,929 | +€4,715 | +3.2% |
| Intangible fixed assets | 21 | €121,878 | €98,220 | -€23,657 | -19.4% |
| Tangible fixed assets | 22/27 | €27,337 | €55,709 | +€28,372 | +104% |
| Land and buildings | 22 | €4,788 | €39,653 | +€34,865 | +728% |
| Furniture and vehicles | 24 | €22,549 | €16,056 | -€6,493 | -28.8% |
| Current assets | 29/58 | €143,147 | €202,912 | +€59,765 | +41.8% |
| Stocks and contracts in progress | 3 | €22,731 | €40,047 | +€17,316 | +76.2% |
| Stocks | 30/36 | €22,731 | €40,047 | +€17,316 | +76.2% |
| Amounts receivable within one year | 40/41 | €13,422 | €59,432 | +€46,010 | +343% |
| Trade receivables | 40 | €13,422 | €52,945 | +€39,523 | +294% |
| Other amounts receivable | 41 | - | €6,487 | +€6,487 | |
| Cash at bank and in hand | 54/58 | €105,234 | €93,580 | -€11,654 | -11.1% |
| Deferred charges and accrued income | 490/1 | €1,759 | €9,853 | +€8,093 | +460% |
| Total equity and liabilities | 10/49 | €292,362 | €356,841 | +€64,480 | +22.1% |
| Equity | 10/15 | €50,541 | €47,398 | -€3,144 | -6.2% |
| Contributions | 10/11 | €118,600 | €118,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€68,059 | -€71,202 | -€3,144 | -4.6% |
| Amounts payable | 17/49 | €241,820 | €309,443 | +€67,623 | +28.0% |
| Amounts payable after more than one year | 17 | €116,403 | €134,737 | +€18,334 | +15.8% |
| Financial debts | 170/4 | €116,403 | €134,737 | +€18,334 | +15.8% |
| Amounts payable within one year | 42/48 | €125,418 | €174,707 | +€49,289 | +39.3% |
| Current portion of amounts payable after more than one year | 42 | €40,397 | €33,911 | -€6,486 | -16.1% |
| Trade debts | 44 | €33,071 | €96,445 | +€63,374 | +192% |
| Suppliers | 440/4 | €33,071 | €96,445 | +€63,374 | +192% |
| Taxes, remuneration and social security | 45 | €21,669 | €44,351 | +€22,682 | +105% |
| Taxes | 450/3 | €2,541 | €1,525 | -€1,016 | -40.0% |
| Remuneration and social security | 454/9 | €19,128 | €42,826 | +€23,698 | +124% |
| Other amounts payable | 47/48 | €30,281 | - | -€30,281 | |
| Remuneration, social security and pensions | 62 | €76,973 | €164,998 | +€88,024 | +114% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,877 | €36,171 | +€14,294 | +65.3% |
| Other operating charges | 640/8 | €8,347 | €6,735 | -€1,612 | -19.3% |
| Gross operating margin | 9900 | €139,910 | €221,117 | +€81,207 | +58.0% |
| Operating profit (loss) | 9901 | €32,712 | €13,214 | -€19,498 | -59.6% |
| Financial income | 75/76B | €0 | €637 | +€637 | +6,365,000% |
| Recurring financial income | 75 | €0 | €637 | +€637 | +6,365,000% |
| Financial charges | 65/66B | €10,434 | €16,994 | +€6,560 | +62.9% |
| Recurring financial charges | 65 | €10,434 | €16,994 | +€6,560 | +62.9% |
| Profit (loss) for the period before taxes | 9903 | €22,278 | -€3,144 | -€25,421 | |
| Profit (loss) for the period | 9904 | €22,278 | -€3,144 | -€25,421 | |
| Profit (loss) for the period to be appropriated | 9905 | €22,278 | -€3,144 | -€25,421 |
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 15 October 2026 via checked.be.