DELTA ONE: 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
DELTA ONE
NACE 47.110, Non-specialised retail sale with food, beverages or tobacco predominating
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€35,768
2024 · €23,405+€12,364
Equity
-€272,954
2024 · -€308,722+€35,768
Cash
€131,735
2024 · €131,194+€541
Balance sheet total
€1.2m
2024 · €1.3m-€133,850
Largest movements
Assets
- Tangible fixed assets -€135,078
down €135,078 (-15.0%), from €898,141 to €763,063
of which Plant, machinery and equipment: -€85,881
Equity and liabilities
- Debts after one year -€150,000
down €150,000 (-12.0%), from €1.2m to €1.1m
- Profit (loss) carried forward +€35,768
up €35,768 (+3.4%), from -€1.1m to -€1.0m
Income statement
- Staff costs -€28,445
down €28,445 (-7.4%), from €386,454 to €358,010
- Gross operating margin -€27,445
down €27,445 (-4.6%), from €592,871 to €565,426
- Other operating charges -€8,487
down €8,487 (-23.9%), from €35,477 to €26,990
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
€23,405
Gross operating margin
-€27,445
Staff costs
+€28,445
Depreciation
+€960
Other operating charges
+€8,487
Financial income
+€142
Financial charges
+€1,812
Taxes
-€38
Result 2025
€35,768
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
+€154,851
Investment
-€4,310
Financing
-€150,000
Cash 2024
€131,194
From operations (derived)
+€154,851
Net result for the year
+€35,768
Depreciation
+€135,078
Stocks and contracts
-€2,877
Receivables within one year
+€6,499
Trade debts
-€11,343
Tax, wage and social debts
-€4,735
Other debts
-€1,524
Accrued charges and deferred income
-€2,015
Investment (derived)
-€4,310
Investment in fixed assets (net)
-€4,310
Financing
-€150,000
Debts after one year
-€150,000
Cash 2025
€131,735
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,312,325 | €1,178,475 | -€133,850 | -10.2% |
| Fixed assets | 21/28 | €898,141 | €767,373 | -€130,768 | -14.6% |
| Tangible fixed assets | 22/27 | €898,141 | €763,063 | -€135,078 | -15.0% |
| Land and buildings | 22 | €276,572 | €236,685 | -€39,887 | -14.4% |
| Plant, machinery and equipment | 23 | €596,259 | €510,378 | -€85,881 | -14.4% |
| Furniture and vehicles | 24 | €25,310 | €16,001 | -€9,309 | -36.8% |
| Financial fixed assets | 28 | - | €4,310 | +€4,310 | |
| Current assets | 29/58 | €414,184 | €411,102 | -€3,082 | -0.7% |
| Stocks and contracts in progress | 3 | €224,243 | €227,120 | +€2,877 | +1.3% |
| Stocks | 30/36 | €224,243 | €227,120 | +€2,877 | +1.3% |
| Amounts receivable within one year | 40/41 | €58,746 | €52,247 | -€6,499 | -11.1% |
| Trade receivables | 40 | €44,493 | €45,390 | +€897 | +2.0% |
| Other amounts receivable | 41 | €14,254 | €6,858 | -€7,396 | -51.9% |
| Cash at bank and in hand | 54/58 | €131,194 | €131,735 | +€541 | +0.4% |
| Total equity and liabilities | 10/49 | €1,312,325 | €1,178,475 | -€133,850 | -10.2% |
| Equity | 10/15 | -€308,722 | -€272,954 | +€35,768 | +11.6% |
| Contributions | 10/11 | €101,636 | €101,636 | = | 0.0% |
| Reserves | 13 | €643,857 | €643,857 | = | 0.0% |
| Tax-exempt reserves | 132 | €21,171 | €21,171 | = | 0.0% |
| Distributable reserves | 133 | €622,686 | €622,686 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,054,216 | -€1,018,447 | +€35,768 | +3.4% |
| Amounts payable | 17/49 | €1,621,047 | €1,451,429 | -€169,618 | -10.5% |
| Amounts payable after more than one year | 17 | €1,245,000 | €1,095,000 | -€150,000 | -12.0% |
| Financial debts | 170/4 | €1,245,000 | €1,095,000 | -€150,000 | -12.0% |
| Amounts payable within one year | 42/48 | €369,511 | €351,909 | -€17,603 | -4.8% |
| Current portion of amounts payable after more than one year | 42 | €150,000 | €150,000 | = | 0.0% |
| Trade debts | 44 | €152,236 | €140,892 | -€11,343 | -7.5% |
| Suppliers | 440/4 | €152,236 | €140,892 | -€11,343 | -7.5% |
| Taxes, remuneration and social security | 45 | €65,413 | €60,677 | -€4,735 | -7.2% |
| Taxes | 450/3 | €313 | €501 | +€188 | +59.9% |
| Remuneration and social security | 454/9 | €65,099 | €60,176 | -€4,923 | -7.6% |
| Other amounts payable | 47/48 | €1,863 | €339 | -€1,524 | -81.8% |
| Accrued charges and deferred income | 492/3 | €6,535 | €4,520 | -€2,015 | -30.8% |
| Remuneration, social security and pensions | 62 | €386,454 | €358,010 | -€28,445 | -7.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €136,038 | €135,078 | -€960 | -0.7% |
| Other operating charges | 640/8 | €35,477 | €26,990 | -€8,487 | -23.9% |
| Gross operating margin | 9900 | €592,871 | €565,426 | -€27,445 | -4.6% |
| Operating profit (loss) | 9901 | €34,901 | €45,348 | +€10,447 | +29.9% |
| Financial income | 75/76B | €67 | €209 | +€142 | +213.2% |
| Recurring financial income | 75 | €67 | €209 | +€142 | +213.2% |
| Financial charges | 65/66B | €9,900 | €8,088 | -€1,812 | -18.3% |
| Recurring financial charges | 65 | €9,900 | €8,088 | -€1,812 | -18.3% |
| Profit (loss) for the period before taxes | 9903 | €25,068 | €37,469 | +€12,401 | +49.5% |
| Income taxes | 67/77 | €1,663 | €1,701 | +€38 | +2.3% |
| Profit (loss) for the period | 9904 | €23,405 | €35,768 | +€12,364 | +52.8% |
| Profit (loss) for the period to be appropriated | 9905 | €23,405 | €35,768 | +€12,364 | +52.8% |
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 11 October 2026 via checked.be.