DELBECQ: what changed
Two fiscal 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.
What changed
DELBECQ
NACE 47.811, Retail sale of cars and light vans (up to 3.5 tonnes)
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€18,736
2024 · €30,444-€11,708
Equity
€3.6m
2024 · €3.6m+€12,629
Cash
€24,922
2024 · €37,201-€12,279
Balance sheet total
€22.0m
2024 · €25.6m-€3.5m
Largest movements
Assets
- Stocks and contracts -€2.7m
down €2.7m (-23.2%), from €11.5m to €8.8m
- Receivables within one year -€657,062
down €657,062 (-11.4%), from €5.8m to €5.1m
of which Trade receivables: -€1.5m
- Tangible fixed assets -€276,865
down €276,865 (-3.7%), from €7.5m to €7.3m
of which Land and buildings: -€203,209
Equity and liabilities
- Trade debts -€4.2m
down €4.2m (-40.6%), from €10.4m to €6.2m
- Short-term financial debts +€1.2m
up €1.2m (+16.4%), from €7.4m to €8.6m
- Debts after one year -€340,806
down €340,806 (-14.2%), from €2.4m to €2.1m
- Other debts -€280,000
no longer reported in 2025 (was €280,000)
Income statement
- Goods and materials -€1.7m
down €1.7m (-2.5%), from €68.2m to €66.5m
of which Purchases: -€4.1m
- Other operating income -€939,926
down €939,926 (-13.2%), from €7.1m to €6.2m
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.
Result 2024
€30,444
Turnover
-€453,096
Other operating income
-€939,926
Goods and materials
+€1.7m
Services and other goods
-€38,671
Staff costs
-€445,836
Depreciation
-€6,200
Other operating charges
-€39,215
Other operating items
+€27,221
Financial income
+€4,836
Financial charges
+€213,697
Taxes
-€11,703
Result 2025
€18,736
Cash bridge derived
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.
From operations
-€665,379
Investment
-€238,824
Financing
+€891,925
Cash 2024
€37,201
From operations (derived)
-€665,379
Net result for the year
+€18,736
Depreciation
+€496,015
Stocks and contracts
+€2.7m
Receivables within one year
+€657,062
Deferred charges and accrued income
-€54,768
Trade debts
-€4.2m
Tax, wage and social debts
+€85,165
Other debts
-€280,000
Accrued charges and deferred income
-€40,544
Investment (derived)
-€238,824
Investment in fixed assets (net)
-€238,824
Financing
+€891,925
Debts after one year
-€340,806
Current portion of long-term debt
+€28,884
Short-term financial debts
+€1.2m
Contributions, distributions and other
-€6,107
Cash 2025
€24,922
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €25,554,355 | €22,006,953 | -€3.5m | -13.9% |
| Fixed assets | 21/28 | €7,864,423 | €7,607,232 | -€257,191 | -3.3% |
| Intangible fixed assets | 21 | €25,128 | €44,802 | +€19,674 | +78.3% |
| Tangible fixed assets | 22/27 | €7,537,804 | €7,260,939 | -€276,865 | -3.7% |
| Land and buildings | 22 | €6,170,193 | €5,966,984 | -€203,209 | -3.3% |
| Plant, machinery and equipment | 23 | €870,583 | €863,533 | -€7,050 | -0.8% |
| Furniture and vehicles | 24 | €236,875 | €170,269 | -€66,606 | -28.1% |
| Other tangible fixed assets | 26 | €260,153 | €260,153 | = | 0.0% |
| Financial fixed assets | 28 | €301,491 | €301,491 | = | 0.0% |
| Companies linked by participating interests | 282/3 | €295,461 | €295,461 | = | 0.0% |
| Participating interests | 282 | €295,461 | €295,461 | = | 0.0% |
| Other financial fixed assets | 284/8 | €6,030 | €6,030 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €6,030 | €6,030 | = | 0.0% |
| Current assets | 29/58 | €17,689,933 | €14,399,721 | -€3.3m | -18.6% |
| Amounts receivable after more than one year | 29 | €150,000 | €150,000 | = | 0.0% |
| Other amounts receivable | 291 | €150,000 | €150,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €11,515,716 | €8,840,077 | -€2.7m | -23.2% |
| Stocks | 30/36 | €11,515,716 | €8,840,077 | -€2.7m | -23.2% |
| Goods purchased for resale | 34 | €11,515,716 | €8,840,077 | -€2.7m | -23.2% |
| Amounts receivable within one year | 40/41 | €5,759,855 | €5,102,794 | -€657,062 | -11.4% |
| Trade receivables | 40 | €5,183,916 | €3,700,208 | -€1.5m | -28.6% |
| Other amounts receivable | 41 | €575,939 | €1,402,586 | +€826,647 | +143.5% |
| Cash at bank and in hand | 54/58 | €37,201 | €24,922 | -€12,279 | -33.0% |
| Deferred charges and accrued income | 490/1 | €227,160 | €281,928 | +€54,768 | +24.1% |
| Total equity and liabilities | 10/49 | €25,554,355 | €22,006,953 | -€3.5m | -13.9% |
| Equity | 10/15 | €3,604,332 | €3,616,960 | +€12,629 | +0.4% |
| Contributions | 10/11 | €400,000 | €400,000 | = | 0.0% |
| Capital | 10 | €400,000 | €400,000 | = | 0.0% |
| Issued capital | 100 | €400,000 | €400,000 | = | 0.0% |
| Revaluation surpluses | 12 | €320,854 | €320,854 | = | 0.0% |
| Reserves | 13 | €1,255,784 | €1,255,784 | = | 0.0% |
| Non-distributable reserves | 130/1 | €40,000 | €40,000 | = | 0.0% |
| Legal reserve | 130 | €40,000 | €40,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €331,350 | €289,250 | -€42,100 | -12.7% |
| Distributable reserves | 133 | €884,434 | €926,534 | +€42,100 | +4.8% |
| Profit (loss) carried forward | 14 | €1,478,076 | €1,496,811 | +€18,736 | +1.3% |
| Investment grants | 15 | €149,619 | €143,512 | -€6,107 | -4.1% |
| Amounts payable | 17/49 | €21,950,024 | €18,389,993 | -€3.6m | -16.2% |
| Amounts payable after more than one year | 17 | €2,396,682 | €2,055,876 | -€340,806 | -14.2% |
| Financial debts | 170/4 | €2,396,682 | €2,055,876 | -€340,806 | -14.2% |
| Credit institutions | 173 | €2,396,682 | €2,055,876 | -€340,806 | -14.2% |
| Amounts payable within one year | 42/48 | €19,512,798 | €16,334,116 | -€3.2m | -16.3% |
| Current portion of amounts payable after more than one year | 42 | €443,270 | €472,154 | +€28,884 | +6.5% |
| Financial debts | 43 | €7,399,307 | €8,609,261 | +€1.2m | +16.4% |
| Credit institutions | 430/8 | €7,399,307 | €8,609,261 | +€1.2m | +16.4% |
| Trade debts | 44 | €10,399,943 | €6,177,260 | -€4.2m | -40.6% |
| Suppliers | 440/4 | €10,399,943 | €6,177,260 | -€4.2m | -40.6% |
| Advances received on contracts in progress | 46 | €610 | €610 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €989,667 | €1,074,832 | +€85,165 | +8.6% |
| Taxes | 450/3 | €169,780 | €163,078 | -€6,702 | -3.9% |
| Remuneration and social security | 454/9 | €819,887 | €911,754 | +€91,867 | +11.2% |
| Other amounts payable | 47/48 | €280,000 | - | -€280,000 | |
| Accrued charges and deferred income | 492/3 | €40,544 | - | -€40,544 | |
| Operating income | 70/76A | €77,153,853 | €75,775,403 | -€1.4m | -1.8% |
| Turnover | 70 | €70,028,842 | €69,575,746 | -€453,096 | -0.6% |
| Other operating income | 74 | €7,125,011 | €6,185,086 | -€939,926 | -13.2% |
| Non-recurring operating income | 76A | - | €14,571 | +€14,571 | |
| Operating charges | 60/66A | €76,324,133 | €75,164,220 | -€1.2m | -1.5% |
| Goods for resale, raw materials and consumables | 60 | €68,213,690 | €66,536,507 | -€1.7m | -2.5% |
| Purchases | 600/8 | €67,949,725 | €63,860,867 | -€4.1m | -6.0% |
| Change in stocks: decrease (increase) | 609 | €263,965 | €2,675,639 | +€2.4m | +913.6% |
| Services and other goods | 61 | €2,769,113 | €2,807,783 | +€38,671 | +1.4% |
| Remuneration, social security and pensions | 62 | €4,638,303 | €5,084,140 | +€445,836 | +9.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €489,816 | €496,015 | +€6,200 | +1.3% |
| Other operating charges | 640/8 | €199,412 | €238,627 | +€39,215 | +19.7% |
| Non-recurring operating charges | 66A | €13,799 | €1,149 | -€12,650 | -91.7% |
| Operating profit (loss) | 9901 | €829,721 | €611,182 | -€218,538 | -26.3% |
| Financial income | 75/76B | €10,403 | €15,238 | +€4,836 | +46.5% |
| Recurring financial income | 75 | €10,403 | €15,238 | +€4,836 | +46.5% |
| Other financial income | 752/9 | €10,403 | €15,238 | +€4,836 | +46.5% |
| Financial charges | 65/66B | €780,853 | €567,156 | -€213,697 | -27.4% |
| Recurring financial charges | 65 | €780,853 | €567,156 | -€213,697 | -27.4% |
| Debt charges | 650 | €739,863 | €567,156 | -€172,707 | -23.3% |
| Other financial charges | 652/9 | €40,990 | - | -€40,990 | |
| Profit (loss) for the period before taxes | 9903 | €59,270 | €59,264 | -€5 | 0.0% |
| Income taxes | 67/77 | €28,826 | €40,529 | +€11,703 | +40.6% |
| Taxes | 670/3 | €28,826 | €40,529 | +€11,703 | +40.6% |
| Profit (loss) for the period | 9904 | €30,444 | €18,736 | -€11,708 | -38.5% |
| Transfer from tax-exempt reserves | 789 | €353,640 | €42,100 | -€311,540 | -88.1% |
| Profit (loss) for the period to be appropriated | 9905 | €384,084 | €60,836 | -€323,248 | -84.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.