DELPHOS: what changed
What changed
DELPHOS
NACE 46.900, Non-specialised wholesale trade
filed annual accounts (NBB)
Net result for the year
€5,685
2024 · €12,428-€6,743
Equity
€221,615
2024 · €306,072-€84,457
Cash
€8,404
2024 · €8,301+€102
Balance sheet total
€286,418
2024 · €381,014-€94,596
Largest movements
Assets
- Receivables within one year -€132,930
down €132,930 (-66.9%), from €198,594 to €65,663
of which Other amounts receivable: -€85,939
- Stocks and contracts +€39,380
up €39,380 (+24.3%), from €162,207 to €201,587
Equity and liabilities
- Reserves -€84,457
down €84,457 (-29.4%), from €287,472 to €203,015
of which Distributable reserves: -€84,457
- Current portion of long-term debt -€6,237
down €6,237 (-92.6%), from €6,732 to €496
Income statement
- Gross operating margin -€26,206
down €26,206 (-43.9%), from €59,629 to €33,422
- Staff costs -€13,200
down €13,200 (-67.2%), from €19,644 to €6,444
- Depreciation -€8,645
down €8,645 (-70.8%), from €12,212 to €3,567
- Financial income -€5,198
down €5,198 (-94.6%), from €5,493 to €295
- Taxes -€2,750
down €2,750 (-36.3%), from €7,570 to €4,820
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€12,428
Gross operating margin
-€26,206
Staff costs
+€13,200
Depreciation
+€8,645
Other operating charges
+€745
Financial income
-€5,198
Financial charges
-€679
Taxes
+€2,750
Result 2025
€5,685
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€99,350
Investment
-€2,373
Financing
-€96,875
Cash 2024
€8,301
From operations (derived)
+€99,350
Net result for the year
+€5,685
Depreciation
+€3,567
Stocks and contracts
-€39,380
Receivables within one year
+€132,930
Smaller working-capital items
-€103
Trade debts
-€3,349
Investment (derived)
-€2,373
Investment in fixed assets (net)
-€2,373
Financing
-€96,875
Debts after one year
-€496
Current portion of long-term debt
-€6,237
Contributions, distributions and other
-€90,142
Cash 2025
€8,404
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €381,014 | €286,418 | -€94,596 | -24.8% |
| Fixed assets | 21/28 | €11,912 | €10,719 | -€1,193 | -10.0% |
| Tangible fixed assets | 22/27 | €11,912 | €10,719 | -€1,193 | -10.0% |
| Plant, machinery and equipment | 23 | €8,365 | €6,397 | -€1,967 | -23.5% |
| Furniture and vehicles | 24 | €3,547 | €4,321 | +€774 | +21.8% |
| Current assets | 29/58 | €369,102 | €275,699 | -€93,403 | -25.3% |
| Stocks and contracts in progress | 3 | €162,207 | €201,587 | +€39,380 | +24.3% |
| Stocks | 30/36 | €162,207 | €201,587 | +€39,380 | +24.3% |
| Amounts receivable within one year | 40/41 | €198,594 | €65,663 | -€132,930 | -66.9% |
| Trade receivables | 40 | €103,278 | €56,286 | -€46,991 | -45.5% |
| Other amounts receivable | 41 | €95,316 | €9,377 | -€85,939 | -90.2% |
| Cash at bank and in hand | 54/58 | €8,301 | €8,404 | +€102 | +1.2% |
| Deferred charges and accrued income | 490/1 | - | €45 | +€45 | |
| Total equity and liabilities | 10/49 | €381,014 | €286,418 | -€94,596 | -24.8% |
| Equity | 10/15 | €306,072 | €221,615 | -€84,457 | -27.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €287,472 | €203,015 | -€84,457 | -29.4% |
| 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 | €285,612 | €201,155 | -€84,457 | -29.6% |
| Amounts payable | 17/49 | €74,942 | €64,803 | -€10,139 | -13.5% |
| Amounts payable after more than one year | 17 | €496 | - | -€496 | |
| Financial debts | 170/4 | €496 | - | -€496 | |
| Amounts payable within one year | 42/48 | €74,446 | €64,803 | -€9,643 | -13.0% |
| Current portion of amounts payable after more than one year | 42 | €6,732 | €496 | -€6,237 | -92.6% |
| Financial debts | 43 | €2,986 | €2,986 | = | 0.0% |
| Credit institutions | 430/8 | €2,986 | €2,986 | = | 0.0% |
| Trade debts | 44 | €47,521 | €44,172 | -€3,349 | -7.0% |
| Suppliers | 440/4 | €47,521 | €44,172 | -€3,349 | -7.0% |
| Taxes, remuneration and social security | 45 | €17,207 | €17,149 | -€58 | -0.3% |
| Taxes | 450/3 | €8,386 | €17,149 | +€8,763 | +104% |
| Remuneration and social security | 454/9 | €8,821 | - | -€8,821 | |
| Remuneration, social security and pensions | 62 | €19,644 | €6,444 | -€13,200 | -67.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,212 | €3,567 | -€8,645 | -70.8% |
| Other operating charges | 640/8 | €3,778 | €3,033 | -€745 | -19.7% |
| Gross operating margin | 9900 | €59,629 | €33,422 | -€26,206 | -43.9% |
| Operating profit (loss) | 9901 | €23,995 | €20,378 | -€3,616 | -15.1% |
| Financial income | 75/76B | €5,493 | €295 | -€5,198 | -94.6% |
| Recurring financial income | 75 | €5,493 | €295 | -€5,198 | -94.6% |
| Financial charges | 65/66B | €9,490 | €10,169 | +€679 | +7.2% |
| Recurring financial charges | 65 | €9,490 | €10,169 | +€679 | +7.2% |
| Profit (loss) for the period before taxes | 9903 | €19,998 | €10,505 | -€9,493 | -47.5% |
| Income taxes | 67/77 | €7,570 | €4,820 | -€2,750 | -36.3% |
| Profit (loss) for the period | 9904 | €12,428 | €5,685 | -€6,743 | -54.3% |
| Profit (loss) for the period to be appropriated | 9905 | €12,428 | €5,685 | -€6,743 | -54.3% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.