Delvith: 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
Delvith
NACE 47.110, Non-specialised retail sale with food, beverages or tobacco predominating
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.5m
2024 · €1.5m-€1,117
Equity
€3.9m
2024 · €3.6m+€286,416
Cash
€2.1m
2024 · €1.7m+€364,886
Balance sheet total
€11.4m
2024 · €10.8m+€596,629
Largest movements
Assets
- Cash +€364,886
up €364,886 (+21.3%), from €1.7m to €2.1m
mainly Net result for the year (+€1.5m) and Depreciation (+€928,723)
- Tangible fixed assets +€189,300
up €189,300 (+2.8%), from €6.8m to €7.0m
of which Land and buildings: +€294,892
- Receivables within one year +€136,637
up €136,637 (+28.1%), from €486,690 to €623,326
of which Other amounts receivable: +€100,000
- Stocks and contracts -€115,531
down €115,531 (-8.6%), from €1.3m to €1.2m
Equity and liabilities
- Profit (loss) carried forward +€286,416
up €286,416 (+8.6%), from €3.3m to €3.6m
- Debts after one year +€281,640
up €281,640 (+15.2%), from €1.9m to €2.1m
Income statement
- Turnover +€1.1m
up €1.1m (+3.9%), from €27.6m to €28.7m
- Goods and materials +€849,102
up €849,102 (+4.0%), from €21.2m to €22.0m
of which Purchases: +€464,061
- Staff costs +€340,021
up €340,021 (+14.0%), from €2.4m to €2.8m
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
€1.5m
Turnover
+€1.1m
Other operating income
+€62,936
Goods and materials
-€849,102
Services and other goods
-€56,567
Staff costs
-€340,021
Depreciation
-€27,964
Other operating charges
-€5,335
Other operating items
+€157,375
Financial income
-€1,323
Financial charges
-€27,726
Taxes
+€10,718
Result 2025
€1.5m
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
+€2.4m
Investment
-€1.1m
Financing
-€884,458
Cash 2024
€1.7m
From operations (derived)
+€2.4m
Net result for the year
+€1.5m
Depreciation
+€928,723
Stocks and contracts
+€115,531
Receivables within one year
-€136,637
Deferred charges and accrued income
-€4,543
Trade debts
+€62,059
Tax, wage and social debts
-€31,952
Other debts
-€50,000
Accrued charges and deferred income
-€35,437
Investment (derived)
-€1.1m
Investment in fixed assets (net)
-€1.1m
Financing
-€884,458
Debts after one year
+€281,640
Current portion of long-term debt
+€54,106
Short-term financial debts
+€29,797
Contributions, distributions and other
-€1.3m
Cash 2025
€2.1m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,812,135 | €11,408,763 | +€596,629 | +5.5% |
| Fixed assets | 21/28 | €7,024,371 | €7,230,465 | +€206,094 | +2.9% |
| Intangible fixed assets | 21 | €12,091 | €7,391 | -€4,700 | -38.9% |
| Tangible fixed assets | 22/27 | €6,837,460 | €7,026,761 | +€189,300 | +2.8% |
| Land and buildings | 22 | €4,940,837 | €5,235,729 | +€294,892 | +6.0% |
| Plant, machinery and equipment | 23 | €1,749,325 | €1,585,252 | -€164,074 | -9.4% |
| Furniture and vehicles | 24 | €39,384 | €48,440 | +€9,055 | +23.0% |
| Leasing and similar rights | 25 | €9,655 | - | -€9,655 | |
| Other tangible fixed assets | 26 | €98,259 | €157,340 | +€59,081 | +60.1% |
| Financial fixed assets | 28 | €174,819 | €196,313 | +€21,494 | +12.3% |
| Affiliated companies | 280/1 | €150,000 | €170,000 | +€20,000 | +13.3% |
| Participating interests | 280 | €150,000 | €170,000 | +€20,000 | +13.3% |
| Other financial fixed assets | 284/8 | €24,819 | €26,313 | +€1,494 | +6.0% |
| Amounts receivable and cash guarantees | 285/8 | €24,819 | €26,313 | +€1,494 | +6.0% |
| Current assets | 29/58 | €3,787,764 | €4,178,298 | +€390,535 | +10.3% |
| Stocks and contracts in progress | 3 | €1,344,313 | €1,228,782 | -€115,531 | -8.6% |
| Stocks | 30/36 | €1,344,313 | €1,228,782 | -€115,531 | -8.6% |
| Goods purchased for resale | 34 | €1,344,313 | €1,228,782 | -€115,531 | -8.6% |
| Amounts receivable within one year | 40/41 | €486,690 | €623,326 | +€136,637 | +28.1% |
| Trade receivables | 40 | €161,690 | €198,326 | +€36,637 | +22.7% |
| Other amounts receivable | 41 | €325,000 | €425,000 | +€100,000 | +30.8% |
| Cash at bank and in hand | 54/58 | €1,714,147 | €2,079,032 | +€364,886 | +21.3% |
| Deferred charges and accrued income | 490/1 | €242,614 | €247,157 | +€4,543 | +1.9% |
| Total equity and liabilities | 10/49 | €10,812,135 | €11,408,763 | +€596,629 | +5.5% |
| Equity | 10/15 | €3,586,215 | €3,872,632 | +€286,416 | +8.0% |
| Contributions | 10/11 | €247,894 | €247,894 | = | 0.0% |
| Capital | 10 | €247,894 | €247,894 | = | 0.0% |
| Issued capital | 100 | €247,894 | €247,894 | = | 0.0% |
| Reserves | 13 | €24,789 | €24,789 | = | 0.0% |
| Non-distributable reserves | 130/1 | €24,789 | €24,789 | = | 0.0% |
| Legal reserve | 130 | €24,789 | €24,789 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,313,533 | €3,599,949 | +€286,416 | +8.6% |
| Amounts payable | 17/49 | €7,225,919 | €7,536,132 | +€310,212 | +4.3% |
| Amounts payable after more than one year | 17 | €1,853,420 | €2,135,059 | +€281,640 | +15.2% |
| Financial debts | 170/4 | €1,853,420 | €2,135,059 | +€281,640 | +15.2% |
| Credit institutions | 173 | €1,853,420 | €2,135,059 | +€281,640 | +15.2% |
| Amounts payable within one year | 42/48 | €5,252,389 | €5,316,398 | +€64,010 | +1.2% |
| Current portion of amounts payable after more than one year | 42 | €357,112 | €411,217 | +€54,106 | +15.2% |
| Financial debts | 43 | €155,979 | €185,776 | +€29,797 | +19.1% |
| Credit institutions | 430/8 | €155,979 | €185,776 | +€29,797 | +19.1% |
| Trade debts | 44 | €1,921,292 | €1,983,351 | +€62,059 | +3.2% |
| Suppliers | 440/4 | €1,921,292 | €1,983,351 | +€62,059 | +3.2% |
| Taxes, remuneration and social security | 45 | €668,005 | €636,054 | -€31,952 | -4.8% |
| Taxes | 450/3 | €320,578 | €343,218 | +€22,640 | +7.1% |
| Remuneration and social security | 454/9 | €347,427 | €292,836 | -€54,591 | -15.7% |
| Other amounts payable | 47/48 | €2,150,000 | €2,100,000 | -€50,000 | -2.3% |
| Accrued charges and deferred income | 492/3 | €120,111 | €84,674 | -€35,437 | -29.5% |
| Operating income | 70/76A | €28,863,652 | €30,159,856 | +€1.3m | +4.5% |
| Turnover | 70 | €27,597,943 | €28,673,836 | +€1.1m | +3.9% |
| Other operating income | 74 | €1,265,709 | €1,328,645 | +€62,936 | +5.0% |
| Non-recurring operating income | 76A | - | €157,375 | +€157,375 | |
| Operating charges | 60/66A | €26,516,691 | €27,795,681 | +€1.3m | +4.8% |
| Goods for resale, raw materials and consumables | 60 | €21,174,305 | €22,023,407 | +€849,102 | +4.0% |
| Purchases | 600/8 | €21,443,815 | €21,907,876 | +€464,061 | +2.2% |
| Change in stocks: decrease (increase) | 609 | -€269,510 | €115,531 | +€385,041 | |
| Services and other goods | 61 | €1,907,363 | €1,963,931 | +€56,567 | +3.0% |
| Remuneration, social security and pensions | 62 | €2,431,204 | €2,771,225 | +€340,021 | +14.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €900,759 | €928,723 | +€27,964 | +3.1% |
| Other operating charges | 640/8 | €103,060 | €108,395 | +€5,335 | +5.2% |
| Operating profit (loss) | 9901 | €2,346,961 | €2,364,175 | +€17,214 | +0.7% |
| Financial income | 75/76B | €6,832 | €5,508 | -€1,323 | -19.4% |
| Recurring financial income | 75 | €6,832 | €5,508 | -€1,323 | -19.4% |
| Income from financial fixed assets | 750 | €135 | €77 | -€58 | -43.0% |
| Other financial income | 752/9 | €6,697 | €5,431 | -€1,265 | -18.9% |
| Financial charges | 65/66B | €352,753 | €380,479 | +€27,726 | +7.9% |
| Recurring financial charges | 65 | €352,753 | €380,479 | +€27,726 | +7.9% |
| Debt charges | 650 | €30,292 | €36,984 | +€6,692 | +22.1% |
| Other financial charges | 652/9 | €322,461 | €343,494 | +€21,034 | +6.5% |
| Profit (loss) for the period before taxes | 9903 | €2,001,040 | €1,989,205 | -€11,835 | -0.6% |
| Income taxes | 67/77 | €463,506 | €452,789 | -€10,718 | -2.3% |
| Taxes | 670/3 | €463,506 | €452,789 | -€10,718 | -2.3% |
| Profit (loss) for the period | 9904 | €1,537,533 | €1,536,416 | -€1,117 | -0.1% |
| Profit (loss) for the period to be appropriated | 9905 | €1,537,533 | €1,536,416 | -€1,117 | -0.1% |
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 30 September 2026 via checked.be.