Maison DELCOIF: 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.
Maison DELCOIF
Largest movements
- Receivables within one year +€19,184
up €19,184 (+31.9%), from €60,109 to €79,294
of which Trade receivables: +€11,366
- Stocks and contracts -€18,974
down €18,974 (-15.6%), from €121,565 to €102,591
- Tangible fixed assets -€8,932
down €8,932 (-19.7%), from €45,334 to €36,403
of which Land and buildings: -€7,625
- Cash -€4,264
down €4,264 (-14.1%), from €30,203 to €25,939
mainly Contributions, distributions and other (-€23,600) and Receivables within one year (-€19,184)
- Other debts +€15,631
up €15,631 (+3,920%), from €399 to €16,030
- Trade debts -€12,759
down €12,759 (-44.9%), from €28,440 to €15,681
- Reserves -€12,535
down €12,535 (-6.8%), from €185,139 to €172,604
of which Distributable reserves: -€12,535
- Tax, wage and social debts -€2,774
down €2,774 (-12.8%), from €21,684 to €18,910
- Write-downs +€10,606
no longer reported in 2025 (was -€10,606)
- Taxes -€7,628
down €7,628 (-57.4%), from €13,285 to €5,656
- Gross operating margin -€5,698
down €5,698 (-16.8%), from €33,879 to €28,180
- Other operating charges -€472
down €472 (-35.5%), from €1,329 to €857
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 | €257,261 | €244,824 | -€12,437 | -4.8% |
| Fixed assets | 21/28 | €45,384 | €36,453 | -€8,932 | -19.7% |
| Tangible fixed assets | 22/27 | €45,334 | €36,403 | -€8,932 | -19.7% |
| Land and buildings | 22 | €41,490 | €33,865 | -€7,625 | -18.4% |
| Furniture and vehicles | 24 | €3,845 | €2,538 | -€1,307 | -34.0% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €211,877 | €208,372 | -€3,505 | -1.7% |
| Stocks and contracts in progress | 3 | €121,565 | €102,591 | -€18,974 | -15.6% |
| Stocks | 30/36 | €121,565 | €102,591 | -€18,974 | -15.6% |
| Amounts receivable within one year | 40/41 | €60,109 | €79,294 | +€19,184 | +31.9% |
| Trade receivables | 40 | €23,683 | €35,049 | +€11,366 | +48.0% |
| Other amounts receivable | 41 | €36,427 | €44,245 | +€7,818 | +21.5% |
| Cash at bank and in hand | 54/58 | €30,203 | €25,939 | -€4,264 | -14.1% |
| Deferred charges and accrued income | 490/1 | - | €547 | +€547 | |
| Total equity and liabilities | 10/49 | €257,261 | €244,824 | -€12,437 | -4.8% |
| Equity | 10/15 | €203,739 | €191,204 | -€12,535 | -6.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €185,139 | €172,604 | -€12,535 | -6.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €183,279 | €170,744 | -€12,535 | -6.8% |
| Amounts payable | 17/49 | €53,522 | €53,621 | +€98 | +0.2% |
| Amounts payable within one year | 42/48 | €50,522 | €50,621 | +€98 | +0.2% |
| Trade debts | 44 | €28,440 | €15,681 | -€12,759 | -44.9% |
| Suppliers | 440/4 | €28,440 | €15,681 | -€12,759 | -44.9% |
| Taxes, remuneration and social security | 45 | €21,684 | €18,910 | -€2,774 | -12.8% |
| Taxes | 450/3 | €21,684 | €18,910 | -€2,774 | -12.8% |
| Other amounts payable | 47/48 | €399 | €16,030 | +€15,631 | +3,920% |
| Accrued charges and deferred income | 492/3 | €3,000 | €3,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,616 | €10,403 | -€213 | -2.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€10,606 | - | +€10,606 | |
| Other operating charges | 640/8 | €1,329 | €857 | -€472 | -35.5% |
| Gross operating margin | 9900 | €33,879 | €28,180 | -€5,698 | -16.8% |
| Operating profit (loss) | 9901 | €32,540 | €16,920 | -€15,620 | -48.0% |
| Financial income | 75/76B | €26 | €88 | +€61 | +233% |
| Recurring financial income | 75 | €26 | €88 | +€61 | +233% |
| Financial charges | 65/66B | €216 | €287 | +€71 | +33.1% |
| Recurring financial charges | 65 | €216 | €287 | +€71 | +33.1% |
| Profit (loss) for the period before taxes | 9903 | €32,351 | €16,721 | -€15,630 | -48.3% |
| Income taxes | 67/77 | €13,285 | €5,656 | -€7,628 | -57.4% |
| Profit (loss) for the period | 9904 | €19,067 | €11,065 | -€8,002 | -42.0% |
| Profit (loss) for the period to be appropriated | 9905 | €19,067 | €11,065 | -€8,002 | -42.0% |
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 23 October 2026 via checked.be.