DELWATE: 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
DELWATE
NACE 47.110, Non-specialised retail sale with food, beverages or tobacco predominating
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€237,760
2024 · -€53,934+€291,694
Equity
€633,826
2024 · €396,066+€237,760
Cash
€1.2m
2024 · €1.5m-€286,481
Balance sheet total
€5.6m
2024 · €5.6m-€28,381
Largest movements
Assets
- Current investments +€750,000
new in 2025: €750,000
- Stocks and contracts -€306,298
down €306,298 (-27.7%), from €1.1m to €800,336
- Cash -€286,481
down €286,481 (-19.2%), from €1.5m to €1.2m
mainly Current investments (-€750,000) and Debts after one year (-€268,531)
- Intangible fixed assets -€250,830
down €250,830 (-11.2%), from €2.2m to €2.0m
- Receivables after one year -€120,000
down €120,000 (-75.0%), from €160,000 to €40,000
Equity and liabilities
- Debts after one year -€268,531
down €268,531 (-15.0%), from €1.8m to €1.5m
- Profit (loss) carried forward +€237,760
up €237,760, from -€53,934 to €183,826
Income statement
- Goods and materials -€364,404
down €364,404 (-1.4%), from €26.4m to €26.0m
of which Purchases: -€1.8m
- Turnover +€359,669
up €359,669 (+1.1%), from €31.6m to €32.0m
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
-€53,934
Turnover
+€359,669
Other operating income
-€151,931
Goods and materials
+€364,404
Services and other goods
-€303,387
Staff costs
+€12,235
Depreciation
-€18,457
Other operating charges
-€2,381
Other operating items
+€133,701
Financial income
-€5,446
Financial charges
-€3,702
Taxes
-€93,012
Result 2025
€237,760
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
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
+€852,469
Investment
-€903,245
Financing
-€235,705
Cash 2024
€1.5m
From operations (derived)
+€852,469
Net result for the year
+€237,760
Depreciation
+€292,566
Receivables after one year
+€120,000
Stocks and contracts
+€306,298
Receivables within one year
-€67,088
Deferred charges and accrued income
-€6,630
Trade debts
+€25,515
Tax, wage and social debts
-€51,431
Other debts
+€360
Accrued charges and deferred income
-€4,879
Investment (derived)
-€903,245
Investment in fixed assets (net)
-€153,245
Current investments
-€750,000
Financing
-€235,705
Debts after one year
-€268,531
Current portion of long-term debt
+€32,826
Cash 2025
€1.2m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,643,873 | €5,615,492 | -€28,381 | -0.5% |
| Fixed assets | 21/28 | €2,366,471 | €2,227,150 | -€139,321 | -5.9% |
| Intangible fixed assets | 21 | €2,236,958 | €1,986,127 | -€250,830 | -11.2% |
| Tangible fixed assets | 22/27 | €123,613 | €241,023 | +€117,410 | +95.0% |
| Plant, machinery and equipment | 23 | €54,567 | €140,343 | +€85,776 | +157% |
| Furniture and vehicles | 24 | - | €30,797 | +€30,797 | |
| Other tangible fixed assets | 26 | €69,047 | €69,883 | +€836 | +1.2% |
| Financial fixed assets | 28 | €5,900 | €0 | -€5,900 | -100% |
| Other financial fixed assets | 284/8 | €5,900 | €0 | -€5,900 | -100% |
| Amounts receivable and cash guarantees | 285/8 | €5,900 | €0 | -€5,900 | -100% |
| Current assets | 29/58 | €3,277,402 | €3,388,342 | +€110,939 | +3.4% |
| Amounts receivable after more than one year | 29 | €160,000 | €40,000 | -€120,000 | -75.0% |
| Other amounts receivable | 291 | €160,000 | €40,000 | -€120,000 | -75.0% |
| Stocks and contracts in progress | 3 | €1,106,634 | €800,336 | -€306,298 | -27.7% |
| Stocks | 30/36 | €1,106,634 | €800,336 | -€306,298 | -27.7% |
| Goods purchased for resale | 34 | €1,106,634 | €800,336 | -€306,298 | -27.7% |
| Amounts receivable within one year | 40/41 | €488,642 | €555,730 | +€67,088 | +13.7% |
| Trade receivables | 40 | €358,488 | €369,762 | +€11,275 | +3.1% |
| Other amounts receivable | 41 | €130,155 | €185,968 | +€55,813 | +42.9% |
| Current investments | 50/53 | - | €750,000 | +€750,000 | |
| Other investments | 51/53 | - | €750,000 | +€750,000 | |
| Cash at bank and in hand | 54/58 | €1,491,968 | €1,205,488 | -€286,481 | -19.2% |
| Deferred charges and accrued income | 490/1 | €30,157 | €36,788 | +€6,630 | +22.0% |
| Total equity and liabilities | 10/49 | €5,643,873 | €5,615,492 | -€28,381 | -0.5% |
| Equity | 10/15 | €396,066 | €633,826 | +€237,760 | +60.0% |
| Contributions | 10/11 | €450,000 | €450,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€53,934 | €183,826 | +€237,760 | |
| Amounts payable | 17/49 | €5,247,807 | €4,981,666 | -€266,141 | -5.1% |
| Amounts payable after more than one year | 17 | €1,792,418 | €1,523,887 | -€268,531 | -15.0% |
| Financial debts | 170/4 | €1,792,418 | €1,523,887 | -€268,531 | -15.0% |
| Credit institutions | 173 | €1,792,418 | €1,523,887 | -€268,531 | -15.0% |
| Amounts payable within one year | 42/48 | €3,447,303 | €3,454,572 | +€7,269 | +0.2% |
| Current portion of amounts payable after more than one year | 42 | €257,582 | €290,408 | +€32,826 | +12.7% |
| Trade debts | 44 | €2,527,618 | €2,553,133 | +€25,515 | +1.0% |
| Suppliers | 440/4 | €2,527,618 | €2,553,133 | +€25,515 | +1.0% |
| Taxes, remuneration and social security | 45 | €662,103 | €610,671 | -€51,431 | -7.8% |
| Taxes | 450/3 | €93,007 | €71,948 | -€21,059 | -22.6% |
| Remuneration and social security | 454/9 | €569,095 | €538,723 | -€30,372 | -5.3% |
| Other amounts payable | 47/48 | - | €360 | +€360 | |
| Accrued charges and deferred income | 492/3 | €8,086 | €3,207 | -€4,879 | -60.3% |
| Operating income | 70/76A | €32,234,876 | €32,442,614 | +€207,738 | +0.6% |
| Turnover | 70 | €31,616,034 | €31,975,703 | +€359,669 | +1.1% |
| Other operating income | 74 | €618,842 | €466,912 | -€151,931 | -24.6% |
| Operating charges | 60/66A | €32,148,864 | €31,962,748 | -€186,116 | -0.6% |
| Goods for resale, raw materials and consumables | 60 | €26,410,398 | €26,045,993 | -€364,404 | -1.4% |
| Purchases | 600/8 | €27,517,032 | €25,739,695 | -€1.8m | -6.5% |
| Change in stocks: decrease (increase) | 609 | -€1,106,634 | €306,298 | +€1.4m | |
| Services and other goods | 61 | €1,704,984 | €2,008,371 | +€303,387 | +17.8% |
| Remuneration, social security and pensions | 62 | €3,612,144 | €3,599,909 | -€12,235 | -0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €274,109 | €292,566 | +€18,457 | +6.7% |
| Other operating charges | 640/8 | €13,529 | €15,909 | +€2,381 | +17.6% |
| Non-recurring operating charges | 66A | €133,701 | €0 | -€133,701 | -100% |
| Operating profit (loss) | 9901 | €86,012 | €479,867 | +€393,854 | +458% |
| Financial income | 75/76B | €11,750 | €6,304 | -€5,446 | -46.3% |
| Recurring financial income | 75 | €11,750 | €6,304 | -€5,446 | -46.3% |
| Income from current assets | 751 | €10,613 | €6,304 | -€4,308 | -40.6% |
| Other financial income | 752/9 | €1,137 | €0 | -€1,137 | -100% |
| Financial charges | 65/66B | €150,608 | €154,310 | +€3,702 | +2.5% |
| Recurring financial charges | 65 | €150,608 | €154,310 | +€3,702 | +2.5% |
| Debt charges | 650 | €87,085 | €84,292 | -€2,793 | -3.2% |
| Other financial charges | 652/9 | €63,523 | €70,018 | +€6,495 | +10.2% |
| Profit (loss) for the period before taxes | 9903 | -€52,846 | €331,861 | +€384,707 | |
| Income taxes | 67/77 | €1,089 | €94,101 | +€93,012 | +8,545% |
| Taxes | 670/3 | €1,089 | €94,668 | +€93,579 | +8,597% |
| Tax adjustments and reversals of tax provisions | 77 | - | €567 | +€567 | |
| Profit (loss) for the period | 9904 | -€53,934 | €237,760 | +€291,694 | |
| Profit (loss) for the period to be appropriated | 9905 | -€53,934 | €237,760 | +€291,694 |
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 24 October 2026 via checked.be.