MAISON DELPHINE: 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 DELPHINE
Largest movements
- Tangible fixed assets +€227,201
up €227,201 (+131%), from €173,175 to €400,376
of which Other tangible fixed assets: +€114,023
- Stocks and contracts +€33,830
up €33,830 (+81.9%), from €41,315 to €75,145
- Receivables within one year -€4,919
down €4,919 (-82.6%), from €5,958 to €1,040
of which Trade receivables: -€5,958
- Debts after one year +€166,727
up €166,727 (+171%), from €97,483 to €264,210
- Other debts +€89,094
up €89,094 (+136%), from €65,323 to €154,417
- Current portion of long-term debt +€13,408
up €13,408 (+174%), from €7,720 to €21,128
- Profit (loss) carried forward -€8,993
down €8,993, from €826 to -€8,167
- Depreciation +€12,481
up €12,481 (+69.8%), from €17,869 to €30,350
- Gross operating margin -€10,087
down €10,087 (-21.8%), from €46,301 to €36,213
- Financial charges +€4,702
up €4,702 (+73.6%), from €6,389 to €11,091
- Taxes -€4,366
no longer reported in 2025 (was €4,366)
- Other operating charges +€3,348
up €3,348 (+634%), from €528 to €3,876
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 | €227,758 | €485,045 | +€257,286 | +113% |
| Fixed assets | 21/28 | €173,175 | €400,376 | +€227,201 | +131% |
| Tangible fixed assets | 22/27 | €173,175 | €400,376 | +€227,201 | +131% |
| Land and buildings | 22 | - | €111,141 | +€111,141 | |
| Plant, machinery and equipment | 23 | €29,246 | €28,714 | -€532 | -1.8% |
| Furniture and vehicles | 24 | €3,556 | €10,780 | +€7,224 | +203% |
| Leasing and similar rights | 25 | €16,277 | €11,621 | -€4,656 | -28.6% |
| Other tangible fixed assets | 26 | €124,096 | €238,120 | +€114,023 | +91.9% |
| Current assets | 29/58 | €54,584 | €84,669 | +€30,085 | +55.1% |
| Stocks and contracts in progress | 3 | €41,315 | €75,145 | +€33,830 | +81.9% |
| Stocks | 30/36 | €41,315 | €75,145 | +€33,830 | +81.9% |
| Amounts receivable within one year | 40/41 | €5,958 | €1,040 | -€4,919 | -82.6% |
| Trade receivables | 40 | €5,958 | - | -€5,958 | |
| Other amounts receivable | 41 | - | €1,040 | +€1,040 | |
| Cash at bank and in hand | 54/58 | €5,977 | €5,762 | -€215 | -3.6% |
| Deferred charges and accrued income | 490/1 | €1,333 | €2,722 | +€1,389 | +104% |
| Total equity and liabilities | 10/49 | €227,758 | €485,045 | +€257,286 | +113% |
| Equity | 10/15 | €43,526 | €34,533 | -€8,993 | -20.7% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €32,700 | €32,700 | = | 0.0% |
| Distributable reserves | 133 | €32,700 | €32,700 | = | 0.0% |
| Profit (loss) carried forward | 14 | €826 | -€8,167 | -€8,993 | |
| Amounts payable | 17/49 | €184,232 | €450,512 | +€266,280 | +145% |
| Amounts payable after more than one year | 17 | €97,483 | €264,210 | +€166,727 | +171% |
| Financial debts | 170/4 | €97,483 | €264,210 | +€166,727 | +171% |
| Amounts payable within one year | 42/48 | €86,283 | €186,259 | +€99,976 | +116% |
| Current portion of amounts payable after more than one year | 42 | €7,720 | €21,128 | +€13,408 | +174% |
| Trade debts | 44 | €5,561 | €5,850 | +€289 | +5.2% |
| Suppliers | 440/4 | €5,561 | €5,850 | +€289 | +5.2% |
| Advances received on contracts in progress | 46 | €2,506 | - | -€2,506 | |
| Taxes, remuneration and social security | 45 | €5,173 | €4,864 | -€308 | -6.0% |
| Taxes | 450/3 | €5,173 | €4,864 | -€308 | -6.0% |
| Other amounts payable | 47/48 | €65,323 | €154,417 | +€89,094 | +136% |
| Accrued charges and deferred income | 492/3 | €466 | €42 | -€424 | -91.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,869 | €30,350 | +€12,481 | +69.8% |
| Other operating charges | 640/8 | €528 | €3,876 | +€3,348 | +634% |
| Gross operating margin | 9900 | €46,301 | €36,213 | -€10,087 | -21.8% |
| Operating profit (loss) | 9901 | €27,903 | €1,987 | -€25,916 | -92.9% |
| Financial income | 75/76B | €559 | €111 | -€448 | -80.2% |
| Recurring financial income | 75 | €559 | €111 | -€448 | -80.2% |
| Financial charges | 65/66B | €6,389 | €11,091 | +€4,702 | +73.6% |
| Recurring financial charges | 65 | €6,389 | €11,091 | +€4,702 | +73.6% |
| Profit (loss) for the period before taxes | 9903 | €22,073 | -€8,993 | -€31,066 | |
| Income taxes | 67/77 | €4,366 | - | -€4,366 | |
| Profit (loss) for the period | 9904 | €17,707 | -€8,993 | -€26,700 | |
| Profit (loss) for the period to be appropriated | 9905 | €17,707 | -€8,993 | -€26,700 |
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.