DELETEX: 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
DELETEX
NACE 46.240, Wholesale trade
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€32,564
2024 · €28,891+€3,673
Equity
€3.0m
2024 · €2.9m+€32,564
Cash
€305,432
2024 · €237,112+€68,320
Balance sheet total
€3.2m
2024 · €3.1m+€20,959
Largest movements
Assets
- Cash +€68,320
up €68,320 (+28.8%), from €237,112 to €305,432
mainly Depreciation (+€54,209) and Net result for the year (+€32,564)
Equity and liabilities
- Reserves +€32,564
up €32,564 (+1.2%), from €2.8m to €2.8m
of which Distributable reserves: +€32,564
Income statement
- Write-downs +€28,701
up €28,701, from -€316 to €28,386
- Staff costs -€27,862
down €27,862 (-18.5%), from €150,997 to €123,135
- Gross operating margin +€12,016
up €12,016 (+5.1%), from €235,939 to €247,955
- Financial charges +€4,541
up €4,541 (+118.0%), from €3,847 to €8,389
of which Non-recurring financial charges: +€5,442
- Depreciation +€2,502
up €2,502 (+4.8%), from €51,707 to €54,209
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
€28,891
Gross operating margin
+€12,016
Staff costs
+€27,862
Depreciation
-€2,502
Write-downs
-€28,701
Other operating charges
-€336
Other operating items
+€1,026
Financial income
-€1,503
Financial charges
-€4,541
Taxes
+€352
Result 2025
€32,564
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
+€110,202
Investment
-€33,114
Financing
-€8,768
Cash 2024
€237,112
From operations (derived)
+€110,202
Net result for the year
+€32,564
Depreciation
+€54,209
Stocks and contracts
+€22,043
Receivables within one year
+€3,713
Deferred charges and accrued income
+€511
Trade debts
+€1,386
Tax, wage and social debts
-€1,410
Other debts
-€2,925
Accrued charges and deferred income
+€112
Investment (derived)
-€33,114
Investment in fixed assets (net)
-€33,114
Financing
-€8,768
Debts after one year
-€5,213
Current portion of long-term debt
-€3,555
Cash 2025
€305,432
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,129,667 | €3,150,626 | +€20,959 | +0.7% |
| Fixed assets | 21/28 | €592,433 | €571,338 | -€21,095 | -3.6% |
| Tangible fixed assets | 22/27 | €592,433 | €571,338 | -€21,095 | -3.6% |
| Land and buildings | 22 | €462,682 | €442,137 | -€20,544 | -4.4% |
| Plant, machinery and equipment | 23 | €83,682 | €68,038 | -€15,644 | -18.7% |
| Furniture and vehicles | 24 | €46,070 | €61,163 | +€15,093 | +32.8% |
| Current assets | 29/58 | €2,537,234 | €2,579,288 | +€42,054 | +1.7% |
| Stocks and contracts in progress | 3 | €1,227,106 | €1,205,063 | -€22,043 | -1.8% |
| Stocks | 30/36 | €1,227,106 | €1,205,063 | -€22,043 | -1.8% |
| Amounts receivable within one year | 40/41 | €1,019,600 | €1,015,888 | -€3,713 | -0.4% |
| Trade receivables | 40 | €1,015,878 | €1,008,443 | -€7,436 | -0.7% |
| Other amounts receivable | 41 | €3,722 | €7,445 | +€3,723 | +100.0% |
| Cash at bank and in hand | 54/58 | €237,112 | €305,432 | +€68,320 | +28.8% |
| Deferred charges and accrued income | 490/1 | €53,416 | €52,906 | -€511 | -1.0% |
| Total equity and liabilities | 10/49 | €3,129,667 | €3,150,626 | +€20,959 | +0.7% |
| Equity | 10/15 | €2,927,659 | €2,960,222 | +€32,564 | +1.1% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Capital | 10 | €125,000 | €125,000 | = | 0.0% |
| Issued capital | 100 | €125,000 | €125,000 | = | 0.0% |
| Reserves | 13 | €2,802,659 | €2,835,222 | +€32,564 | +1.2% |
| Non-distributable reserves | 130/1 | €12,500 | €12,500 | = | 0.0% |
| Legal reserve | 130 | €12,500 | €12,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,870 | €18,870 | = | 0.0% |
| Distributable reserves | 133 | €2,771,288 | €2,803,852 | +€32,564 | +1.2% |
| Amounts payable | 17/49 | €202,009 | €190,404 | -€11,605 | -5.7% |
| Amounts payable after more than one year | 17 | €65,213 | €60,000 | -€5,213 | -8.0% |
| Financial debts | 170/4 | €5,213 | - | -€5,213 | |
| Other amounts payable | 178/9 | €60,000 | €60,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €135,486 | €128,982 | -€6,504 | -4.8% |
| Current portion of amounts payable after more than one year | 42 | €8,768 | €5,213 | -€3,555 | -40.5% |
| Trade debts | 44 | €95,503 | €96,889 | +€1,386 | +1.5% |
| Suppliers | 440/4 | €95,503 | €96,889 | +€1,386 | +1.5% |
| Taxes, remuneration and social security | 45 | €20,971 | €19,561 | -€1,410 | -6.7% |
| Taxes | 450/3 | €15,931 | €15,995 | +€64 | +0.4% |
| Remuneration and social security | 454/9 | €5,040 | €3,566 | -€1,474 | -29.2% |
| Other amounts payable | 47/48 | €10,245 | €7,320 | -€2,925 | -28.5% |
| Accrued charges and deferred income | 492/3 | €1,310 | €1,422 | +€112 | +8.5% |
| Remuneration, social security and pensions | 62 | €150,997 | €123,135 | -€27,862 | -18.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,707 | €54,209 | +€2,502 | +4.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€316 | €28,386 | +€28,701 | |
| Other operating charges | 640/8 | €6,151 | €6,487 | +€336 | +5.5% |
| Non-recurring operating charges | 66A | €1,026 | - | -€1,026 | |
| Gross operating margin | 9900 | €235,939 | €247,955 | +€12,016 | +5.1% |
| Operating profit (loss) | 9901 | €26,374 | €35,739 | +€9,365 | +35.5% |
| Financial income | 75/76B | €17,828 | €16,325 | -€1,503 | -8.4% |
| Recurring financial income | 75 | €16,836 | €16,325 | -€511 | -3.0% |
| Non-recurring financial income | 76B | €992 | - | -€992 | |
| Financial charges | 65/66B | €3,847 | €8,389 | +€4,541 | +118.0% |
| Recurring financial charges | 65 | €3,847 | €2,947 | -€900 | -23.4% |
| Non-recurring financial charges | 66B | - | €5,442 | +€5,442 | |
| Profit (loss) for the period before taxes | 9903 | €40,354 | €43,675 | +€3,320 | +8.2% |
| Income taxes | 67/77 | €11,463 | €11,111 | -€352 | -3.1% |
| Profit (loss) for the period | 9904 | €28,891 | €32,564 | +€3,673 | +12.7% |
| Profit (loss) for the period to be appropriated | 9905 | €28,891 | €32,564 | +€3,673 | +12.7% |
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 7 October 2026 via checked.be.