DELTA-SOL: 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
DELTA-SOL
NACE 46.442, Wholesale trade
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€69,328
2024 · €8,650+€60,678
Equity
€306,256
2024 · €286,928+€19,328
Cash
-
2024 · €484-€484
Balance sheet total
€666,439
2024 · €658,842+€7,597
Largest movements
Assets
- Receivables within one year +€26,228
up €26,228 (+34.6%), from €75,910 to €102,138
of which Trade receivables: +€27,289
- Tangible fixed assets -€17,551
down €17,551 (-3.0%), from €576,453 to €558,902
of which Land and buildings: -€17,507
Equity and liabilities
- Debts after one year -€49,630
down €49,630 (-41.3%), from €120,209 to €70,579
of which Financial debts: -€42,730
- Other debts +€49,448
up €49,448 (+121.9%), from €40,552 to €90,000
- Trade debts -€30,475
down €30,475 (-35.6%), from €85,717 to €55,242
- Profit (loss) carried forward +€25,252
up €25,252 (+28.0%), from €90,031 to €115,283
- Tax, wage and social debts +€15,116
up €15,116 (+225.7%), from €6,696 to €21,812
Income statement
- Gross operating margin +€59,912
up €59,912 (+106.9%), from €56,029 to €115,941
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
€8,650
Gross operating margin
+€59,912
Depreciation
-€418
Other operating charges
+€883
Financial income
+€113
Financial charges
+€1,095
Taxes
-€907
Result 2025
€69,328
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
+€99,005
Investment
-€3,219
Financing
-€96,270
Cash 2024
€484
From operations (derived)
+€99,005
Net result for the year
+€69,328
Depreciation
+€20,770
Stocks and contracts
+€596
Receivables within one year
-€26,228
Provisions
-€3,050
Trade debts
-€30,475
Tax, wage and social debts
+€15,116
Advances received
+€3,500
Other debts
+€49,448
Investment (derived)
-€3,219
Investment in fixed assets (net)
-€3,219
Financing
-€96,270
Debts after one year
-€49,630
Current portion of long-term debt
+€2,139
Short-term financial debts
+€1,221
Contributions, distributions and other
-€50,000
Cash 2025
€0
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €658,842 | €666,439 | +€7,597 | +1.2% |
| Fixed assets | 21/28 | €576,953 | €559,402 | -€17,551 | -3.0% |
| Tangible fixed assets | 22/27 | €576,453 | €558,902 | -€17,551 | -3.0% |
| Land and buildings | 22 | €567,396 | €549,889 | -€17,507 | -3.1% |
| Plant, machinery and equipment | 23 | €1,166 | €746 | -€420 | -36.0% |
| Furniture and vehicles | 24 | €5,684 | €6,612 | +€928 | +16.3% |
| Other tangible fixed assets | 26 | €2,207 | €1,655 | -€552 | -25.0% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €81,889 | €107,037 | +€25,148 | +30.7% |
| Stocks and contracts in progress | 3 | €5,495 | €4,899 | -€596 | -10.8% |
| Stocks | 30/36 | €5,495 | €4,899 | -€596 | -10.8% |
| Amounts receivable within one year | 40/41 | €75,910 | €102,138 | +€26,228 | +34.6% |
| Trade receivables | 40 | €14,458 | €41,747 | +€27,289 | +188.7% |
| Other amounts receivable | 41 | €61,452 | €60,391 | -€1,061 | -1.7% |
| Cash at bank and in hand | 54/58 | €484 | - | -€484 | |
| Total equity and liabilities | 10/49 | €658,842 | €666,439 | +€7,597 | +1.2% |
| Equity | 10/15 | €286,928 | €306,256 | +€19,328 | +6.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €178,297 | €172,373 | -€5,924 | -3.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €126,575 | €120,651 | -€5,924 | -4.7% |
| Distributable reserves | 133 | €49,862 | €49,862 | = | 0.0% |
| Profit (loss) carried forward | 14 | €90,031 | €115,283 | +€25,252 | +28.0% |
| Provisions and deferred taxes | 16 | €65,176 | €62,126 | -€3,050 | -4.7% |
| Deferred taxes | 168 | €65,176 | €62,126 | -€3,050 | -4.7% |
| Amounts payable | 17/49 | €306,738 | €298,057 | -€8,681 | -2.8% |
| Amounts payable after more than one year | 17 | €120,209 | €70,579 | -€49,630 | -41.3% |
| Financial debts | 170/4 | €108,009 | €65,279 | -€42,730 | -39.6% |
| Other amounts payable | 178/9 | €12,200 | €5,300 | -€6,900 | -56.6% |
| Amounts payable within one year | 42/48 | €186,529 | €227,478 | +€40,949 | +22.0% |
| Current portion of amounts payable after more than one year | 42 | €40,687 | €42,826 | +€2,139 | +5.3% |
| Financial debts | 43 | €12,877 | €14,098 | +€1,221 | +9.5% |
| Credit institutions | 430/8 | €12,877 | €14,098 | +€1,221 | +9.5% |
| Trade debts | 44 | €85,717 | €55,242 | -€30,475 | -35.6% |
| Suppliers | 440/4 | €85,717 | €55,242 | -€30,475 | -35.6% |
| Advances received on contracts in progress | 46 | - | €3,500 | +€3,500 | |
| Taxes, remuneration and social security | 45 | €6,696 | €21,812 | +€15,116 | +225.7% |
| Taxes | 450/3 | €6,696 | €21,812 | +€15,116 | +225.7% |
| Other amounts payable | 47/48 | €40,552 | €90,000 | +€49,448 | +121.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,352 | €20,770 | +€418 | +2.1% |
| Other operating charges | 640/8 | €10,395 | €9,512 | -€883 | -8.5% |
| Gross operating margin | 9900 | €56,029 | €115,941 | +€59,912 | +106.9% |
| Operating profit (loss) | 9901 | €25,282 | €85,659 | +€60,377 | +238.8% |
| Financial income | 75/76B | €12 | €125 | +€113 | +941.7% |
| Recurring financial income | 75 | €12 | €125 | +€113 | +941.7% |
| Financial charges | 65/66B | €13,598 | €12,503 | -€1,095 | -8.1% |
| Recurring financial charges | 65 | €13,598 | €12,503 | -€1,095 | -8.1% |
| Profit (loss) for the period before taxes | 9903 | €11,696 | €73,281 | +€61,585 | +526.5% |
| Transfer from deferred taxes | 780 | €3,050 | €3,050 | = | 0.0% |
| Income taxes | 67/77 | €6,096 | €7,003 | +€907 | +14.9% |
| Profit (loss) for the period | 9904 | €8,650 | €69,328 | +€60,678 | +701.5% |
| Transfer from tax-exempt reserves | 789 | €5,924 | €5,924 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €14,574 | €75,252 | +€60,678 | +416.3% |
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 4 October 2026 via checked.be.