DELICO: 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.
What changed
DELICO
NACE 46.190, Agents in non-specialised wholesale trade
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€181,499
2024 · €187,056-€5,557
Equity
€1.0m
2024 · €866,710+€181,499
Cash
€36,011
2024 · €12,138+€23,874
Balance sheet total
€9.3m
2024 · €7.7m+€1.6m
Largest movements
Assets
- Receivables within one year +€1.5m
up €1.5m (+22.5%), from €6.6m to €8.1m
of which Trade receivables: +€1.5m
- Tangible fixed assets +€179,988
up €179,988 (+98.9%), from €181,931 to €361,919
of which Assets under construction and advance payments: +€195,600
Equity and liabilities
- Trade debts +€1.1m
up €1.1m (+21.0%), from €5.2m to €6.3m
- Short-term financial debts +€303,032
up €303,032 (+67.1%), from €451,512 to €754,544
- Reserves +€181,499
up €181,499 (+21.4%), from €848,118 to €1.0m
of which Distributable reserves: +€97,299
Income statement
- Goods and materials +€641,720
up €641,720 (+6.3%), from €10.2m to €10.8m
of which Purchases: +€524,705
- Turnover +€437,594
up €437,594 (+3.8%), from €11.5m to €12.0m
- Depreciation -€148,334
down €148,334 (-57.8%), from €256,794 to €108,460
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
€187,056
Turnover
+€437,594
Other operating income
+€705
Goods and materials
-€641,720
Services and other goods
+€61,040
Staff costs
-€38,891
Depreciation
+€148,334
Other operating charges
-€278
Financial charges
+€24,402
Taxes
+€3,257
Result 2025
€181,499
raises the resultlowers the result
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.
From operations
-€31,012
Investment
-€232,088
Financing
+€286,974
Cash 2024
€12,138
From operations (derived)
-€31,012
Net result for the year
+€181,499
Depreciation
+€108,460
Stocks and contracts
+€43,309
Receivables within one year
-€1.5m
Deferred charges and accrued income
-€1,341
Trade debts
+€1.1m
Tax, wage and social debts
-€11,281
Other debts
+€41,918
Investment (derived)
-€232,088
Investment in fixed assets (net)
-€232,088
Financing
+€286,974
Debts after one year
-€14,780
Current portion of long-term debt
-€1,278
Short-term financial debts
+€303,032
Cash 2025
€36,011
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,666,355 | €9,257,223 | +€1.6m | +20.8% |
| Fixed assets | 21/28 | €238,291 | €361,919 | +€123,628 | +51.9% |
| Intangible fixed assets | 21 | €56,360 | - | -€56,360 | |
| Tangible fixed assets | 22/27 | €181,931 | €361,919 | +€179,988 | +98.9% |
| Plant, machinery and equipment | 23 | €6,029 | - | -€6,029 | |
| Furniture and vehicles | 24 | €68,334 | €47,347 | -€20,987 | -30.7% |
| Leasing and similar rights | 25 | €107,569 | €118,972 | +€11,403 | +10.6% |
| Assets under construction and advance payments | 27 | - | €195,600 | +€195,600 | |
| Current assets | 29/58 | €7,428,064 | €8,895,304 | +€1.5m | +19.8% |
| Amounts receivable after more than one year | 29 | €400,000 | €400,000 | = | 0.0% |
| Trade receivables | 290 | €400,000 | €400,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €413,868 | €370,559 | -€43,309 | -10.5% |
| Stocks | 30/36 | €413,868 | €370,559 | -€43,309 | -10.5% |
| Raw materials and consumables | 30/31 | €179,320 | €138,604 | -€40,716 | -22.7% |
| Goods purchased for resale | 34 | €234,548 | €231,955 | -€2,593 | -1.1% |
| Amounts receivable within one year | 40/41 | €6,601,943 | €8,087,277 | +€1.5m | +22.5% |
| Trade receivables | 40 | €6,506,677 | €8,010,035 | +€1.5m | +23.1% |
| Other amounts receivable | 41 | €95,266 | €77,242 | -€18,024 | -18.9% |
| Cash at bank and in hand | 54/58 | €12,138 | €36,011 | +€23,874 | +197% |
| Deferred charges and accrued income | 490/1 | €116 | €1,456 | +€1,341 | +1,158% |
| Total equity and liabilities | 10/49 | €7,666,355 | €9,257,223 | +€1.6m | +20.8% |
| Equity | 10/15 | €866,710 | €1,048,209 | +€181,499 | +20.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €848,118 | €1,029,617 | +€181,499 | +21.4% |
| Tax-exempt reserves | 132 | €84,200 | €168,400 | +€84,200 | +100% |
| Distributable reserves | 133 | €763,918 | €861,217 | +€97,299 | +12.7% |
| Amounts payable | 17/49 | €6,799,645 | €8,209,014 | +€1.4m | +20.7% |
| Amounts payable after more than one year | 17 | €607,937 | €593,157 | -€14,780 | -2.4% |
| Financial debts | 170/4 | €607,937 | €593,157 | -€14,780 | -2.4% |
| Leasing and similar obligations | 172 | €88,691 | €89,947 | +€1,257 | +1.4% |
| Credit institutions | 173 | €519,246 | €503,210 | -€16,036 | -3.1% |
| Amounts payable within one year | 42/48 | €6,191,708 | €7,615,856 | +€1.4m | +23.0% |
| Current portion of amounts payable after more than one year | 42 | €51,185 | €49,907 | -€1,278 | -2.5% |
| Financial debts | 43 | €451,512 | €754,544 | +€303,032 | +67.1% |
| Credit institutions | 430/8 | €451,512 | €754,544 | +€303,032 | +67.1% |
| Trade debts | 44 | €5,205,370 | €6,297,127 | +€1.1m | +21.0% |
| Suppliers | 440/4 | €5,205,370 | €6,297,127 | +€1.1m | +21.0% |
| Taxes, remuneration and social security | 45 | €55,443 | €44,162 | -€11,281 | -20.3% |
| Taxes | 450/3 | €42,732 | €13,870 | -€28,862 | -67.5% |
| Remuneration and social security | 454/9 | €12,711 | €30,292 | +€17,581 | +138% |
| Other amounts payable | 47/48 | €428,198 | €470,116 | +€41,918 | +9.8% |
| Operating income | 70/76A | €11,515,918 | €11,954,217 | +€438,299 | +3.8% |
| Turnover | 70 | €11,515,717 | €11,953,311 | +€437,594 | +3.8% |
| Other operating income | 74 | €201 | €906 | +€705 | +350% |
| Operating charges | 60/66A | €11,150,816 | €11,622,331 | +€471,516 | +4.2% |
| Goods for resale, raw materials and consumables | 60 | €10,203,094 | €10,844,815 | +€641,720 | +6.3% |
| Purchases | 600/8 | €10,276,801 | €10,801,506 | +€524,705 | +5.1% |
| Change in stocks: decrease (increase) | 609 | -€73,707 | €43,309 | +€117,016 | |
| Services and other goods | 61 | €597,816 | €536,776 | -€61,040 | -10.2% |
| Remuneration, social security and pensions | 62 | €91,843 | €130,734 | +€38,891 | +42.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €256,794 | €108,460 | -€148,334 | -57.8% |
| Other operating charges | 640/8 | €1,268 | €1,547 | +€278 | +21.9% |
| Operating profit (loss) | 9901 | €365,103 | €331,886 | -€33,217 | -9.1% |
| Financial income | 75/76B | €14,000 | €14,000 | = | 0.0% |
| Recurring financial income | 75 | €14,000 | €14,000 | = | 0.0% |
| Income from current assets | 751 | €14,000 | €14,000 | = | 0.0% |
| Financial charges | 65/66B | €128,884 | €104,482 | -€24,402 | -18.9% |
| Recurring financial charges | 65 | €128,884 | €104,482 | -€24,402 | -18.9% |
| Debt charges | 650 | €75,625 | €66,239 | -€9,386 | -12.4% |
| Other financial charges | 652/9 | €53,260 | €38,243 | -€15,016 | -28.2% |
| Profit (loss) for the period before taxes | 9903 | €250,218 | €241,404 | -€8,814 | -3.5% |
| Income taxes | 67/77 | €63,162 | €59,905 | -€3,257 | -5.2% |
| Taxes | 670/3 | €63,162 | €59,905 | -€3,257 | -5.2% |
| Profit (loss) for the period | 9904 | €187,056 | €181,499 | -€5,557 | -3.0% |
| Transfer to tax-exempt reserves | 689 | €84,200 | €84,200 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €102,856 | €97,299 | -€5,557 | -5.4% |
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 14 October 2026 via checked.be.