DELVAUX RETAIL: 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
DELVAUX RETAIL
NACE 47.722, Retail trade
financial year 2026 compared with 2025filed annual accounts (NBB)
Net result for the year
-€34,806
2025 · -€5,269-€29,537
Equity
-€1.2m
2025 · -€1.2m-€34,806
Cash
€0
2025 · €225-€225
Balance sheet total
€623,433
2025 · €659,173-€35,740
Largest movements
Assets
- Receivables after one year -€24,450
down €24,450 (-50.0%), from €48,943 to €24,493
- Tangible fixed assets -€19,536
down €19,536 (-6.3%), from €310,863 to €291,327
of which Land and buildings: -€19,536
- Receivables within one year +€8,471
up €8,471 (+2.8%), from €299,142 to €307,613
of which Other amounts receivable: +€8,199
Equity and liabilities
- Profit (loss) carried forward -€34,806
down €34,806 (-2.7%), from -€1.3m to -€1.3m
Income statement
- Other operating income -€24,178
down €24,178 (-93.7%), from €25,798 to €1,620
From the 2025 result to the 2026 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 2025
-€5,269
Other operating charges
-€129
Other operating items
-€30,668
Financial income
-€379
Financial charges
+€1,639
Result 2026
-€34,806
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
-€1,875
Investment
€0
Financing
+€1,650
Cash 2025
€225
From operations (derived)
-€1,875
Net result for the year
-€34,806
Depreciation
+€19,536
Receivables after one year
+€24,450
Receivables within one year
-€8,471
Trade debts
-€2,584
Financing
+€1,650
Short-term financial debts
+€1,650
Cash 2026
€0
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €659,173 | €623,433 | -€35,740 | -5.4% |
| Fixed assets | 21/28 | €310,863 | €291,327 | -€19,536 | -6.3% |
| Tangible fixed assets | 22/27 | €310,863 | €291,327 | -€19,536 | -6.3% |
| Land and buildings | 22 | €104,871 | €85,335 | -€19,536 | -18.6% |
| Other tangible fixed assets | 26 | €205,992 | €205,992 | = | 0.0% |
| Current assets | 29/58 | €348,310 | €332,106 | -€16,204 | -4.7% |
| Amounts receivable after more than one year | 29 | €48,943 | €24,493 | -€24,450 | -50.0% |
| Other amounts receivable | 291 | €48,943 | €24,493 | -€24,450 | -50.0% |
| Amounts receivable within one year | 40/41 | €299,142 | €307,613 | +€8,471 | +2.8% |
| Trade receivables | 40 | €19,873 | €20,145 | +€272 | +1.4% |
| Other amounts receivable | 41 | €279,270 | €287,468 | +€8,199 | +2.9% |
| Cash at bank and in hand | 54/58 | €225 | €0 | -€225 | -100% |
| Total equity and liabilities | 10/49 | €659,173 | €623,433 | -€35,740 | -5.4% |
| Equity | 10/15 | -€1,163,731 | -€1,198,537 | -€34,806 | -3.0% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Revaluation surpluses | 12 | €43,661 | €43,661 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,307,392 | -€1,342,198 | -€34,806 | -2.7% |
| Amounts payable | 17/49 | €1,822,904 | €1,821,970 | -€934 | -0.1% |
| Amounts payable after more than one year | 17 | €1,817,077 | €1,817,077 | = | 0.0% |
| Financial debts | 170/4 | €868 | €868 | = | 0.0% |
| Leasing and similar obligations | 172 | €868 | €868 | = | 0.0% |
| Other amounts payable | 178/9 | €1,816,209 | €1,816,209 | = | 0.0% |
| Amounts payable within one year | 42/48 | €5,827 | €4,894 | -€934 | -16.0% |
| Current portion of amounts payable after more than one year | 42 | €297 | €297 | = | 0.0% |
| Financial debts | 43 | - | €1,650 | +€1,650 | |
| Credit institutions | 430/8 | - | €1,650 | +€1,650 | |
| Trade debts | 44 | €5,530 | €2,946 | -€2,584 | -46.7% |
| Suppliers | 440/4 | €5,530 | €2,946 | -€2,584 | -46.7% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Operating income | 70/76A | €25,798 | €1,620 | -€24,178 | -93.7% |
| Other operating income | 74 | €25,798 | €1,620 | -€24,178 | -93.7% |
| Operating charges | 60/66A | €34,104 | €40,723 | +€6,619 | +19.4% |
| Services and other goods | 61 | €10,454 | €16,944 | +€6,490 | +62.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,536 | €19,536 | = | 0.0% |
| Other operating charges | 640/8 | €4,115 | €4,244 | +€129 | +3.1% |
| Operating profit (loss) | 9901 | -€8,307 | -€39,103 | -€30,797 | -371% |
| Financial income | 75/76B | €5,637 | €5,258 | -€379 | -6.7% |
| Recurring financial income | 75 | €5,637 | €5,258 | -€379 | -6.7% |
| Income from financial fixed assets | 750 | €5,637 | - | -€5,637 | |
| Income from current assets | 751 | - | €5,258 | +€5,258 | |
| Financial charges | 65/66B | €2,600 | €961 | -€1,639 | -63.0% |
| Recurring financial charges | 65 | €2,600 | €961 | -€1,639 | -63.0% |
| Debt charges | 650 | €1,901 | €152 | -€1,749 | -92.0% |
| Other financial charges | 652/9 | €699 | €809 | +€110 | +15.8% |
| Profit (loss) for the period before taxes | 9903 | -€5,269 | -€34,806 | -€29,537 | -561% |
| Profit (loss) for the period | 9904 | -€5,269 | -€34,806 | -€29,537 | -561% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,269 | -€34,806 | -€29,537 | -561% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.