FT DISTRIBUTION (0707.796.825): financials and annual accounts

FT DISTRIBUTION

Brussels ·KBO/BCE: BE 0707.796.825

Line	2024	2023	2022	2021	2020	2019
Balance sheet: assets
Total assets`20/58`	224,464	309,645	309,247	320,880	345,183	144,600
Fixed assets`21/28`	36,128	41,826	37,162	42,305	38,133	32,105
Intangible fixed assets`21`	0	1,076	3,785	6,494	9,203	11,919
Tangible fixed assets`22/27`	18,828	23,450	16,077	18,511	11,630	2,886
Plant, machinery and equipment`23`	4,138	4,885	5,631	6,377	7,124	-
Furniture and vehicles`24`	14,689	18,565	10,446	12,134	4,507	2,886
Financial fixed assets`28`	17,300	17,300	17,300	17,300	17,300	17,300
Current assets`29/58`	188,337	267,819	272,085	278,576	307,050	112,494
Stocks and contracts in progress`3`	18,300	76,500	72,981	77,575	121,802	38,605
Stocks`30/36`	18,300	76,500	72,981	77,575	121,802	38,605
Amounts receivable within one year`40/41`	150,783	165,710	170,510	157,886	143,282	43,633
Trade receivables`40`	38,505	52,366	58,559	33,445	31,858	1,628
Other amounts receivable`41`	112,278	113,344	111,951	124,441	111,423	42,006
Cash at bank and in hand`54/58`	16,170	21,637	27,693	39,338	40,888	26,602
Deferred charges and accrued income`490/1`	3,083	3,972	901	3,777	1,078	3,654
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	224,464	309,645	309,247	320,880	345,183	144,600
Equity`10/15`	-9,207	86,993	71,423	91,562	160,636	75,939
Contributions`10/11`	12,400	12,400	12,400	12,400	12,400	12,400
Capital`10`	-	-	12,400	12,400	-	-
Issued capital`100`	-	-	18,600	18,600	18,600	18,600
Uncalled capital`101`	-	-	6,200	6,200	6,200	6,200
Reserves`13`	59,023	59,023	59,023	79,162	148,236	63,539
Distributable reserves`133`	59,023	59,023	59,023	79,162	148,236	63,539
Profit (loss) carried forward`14`	-80,630	15,570	0	0	0	0
Amounts payable`17/49`	233,671	222,652	237,824	229,319	184,547	68,660
Amounts payable after more than one year`17`	-	-	8,697	34,101	27,404	-
Financial debts`170/4`	-	-	8,697	34,101	27,404	-
Amounts payable within one year`42/48`	233,671	222,652	229,127	195,218	157,143	68,660
Current portion of amounts payable after more than one year`42`	0	8,697	25,404	26,000	14,315	-
Trade debts`44`	177,049	155,751	121,607	41,167	20,466	3,290
Suppliers`440/4`	177,049	155,751	121,607	41,167	20,466	3,290
Taxes, remuneration and social security`45`	9,149	11,389	24,674	49,581	44,926	27,461
Taxes`450/3`	247	328	6,988	42,132	38,121	23,842
Remuneration and social security`454/9`	8,902	11,062	17,686	7,449	6,805	3,619
Other amounts payable`47/48`	47,473	46,815	57,442	78,470	77,436	37,909
Income statement
Non-recurring operating income`76A`	-	-	0	285	25,949	7,296
Gross operating margin`9900`	107,765	308,215	330,767	491,862	735,068	299,270
Remuneration, social security and pensions`62`	54,096	56,527	78,614	34,485	34,140	39,115
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	5,699	6,276	5,143	4,878	3,827	2,335
Other operating charges`640/8`	141,000	219,709	260,591	517,984	589,169	174,024
Non-recurring operating charges`66A`	0	792	-	-	-	-
Operating profit (loss)`9901`	-93,029	24,911	-13,580	-65,486	107,932	83,796
Financial income`75/76B`	6	4	7	60	231	0
Recurring financial income`75`	6	4	7	60	231	0
Financial charges`65/66B`	2,665	9,132	7,188	3,648	3,028	2,257
Recurring financial charges`65`	2,665	9,132	7,188	3,648	3,028	2,257
Profit (loss) for the period before taxes`9903`	-95,689	15,782	-20,761	-69,075	105,136	81,539
Income taxes`67/77`	511	212	-623	0	20,439	18,000
Profit (loss) for the period`9904`	-96,200	15,570	-20,139	-69,075	84,697	63,539
Profit (loss) for the period to be appropriated`9905`	-96,200	15,570	-20,139	-69,075	84,697	63,539
Appropriation of the result
Profit (loss) to be appropriated`9906`	-80,630	15,570	-20,139	-69,075	84,697	63,539
Profit (loss) brought forward from the previous period`14P`	15,570	0	0	0	-	-
Transfer from equity`791/2`	-	-	20,139	69,075	-	-
Transfer to equity`691/2`	-	-	-	-	84,697	63,539
To other reserves`6921`	-	-	-	-	84,697	63,539
Social balance sheet
Average staff (FTE)`9087`	-	-	-	-	-	2.1
Hours worked`1013`	-	-	-	-	-	37,197
Document	PDF	PDF	PDF	PDF	PDF	PDF

Financial year	Type	Filed	Reference	Document
31-12-2024	micro format	10-06-2025	2025-00141638	PDF
31-12-2023	micro format	23-08-2024	2024-00433332	PDF
31-12-2022	micro format	31-08-2023	2023-00423175	PDF
31-12-2021	micro format	01-08-2022	2022-20270468	PDF
31-12-2020	micro format	25-08-2021	2021-53900271	PDF
31-12-2019	micro format	03-07-2020	2020-25900104	PDF

Line	2024	2023	2022	2021	2020	2019
EBITDA	-87,331	31,187	-8,438	-60,608	111,760	86,132
Cash flow	-90,502	21,846	-14,996	-64,197	88,524	65,874
Investment in fixed assets (approximation)	0	10,940	0	9,050	9,855	34,440
Change in cash	-5,467	-6,056	-11,645	-1,550	14,287	-
Working capital	-45,335	45,167	42,958	83,357	149,907	43,834
Solvency	-4.1%	28.1%	23.1%	28.5%	46.5%	52.5%
Current ratio	0.81	1.20	1.19	1.43	1.95	1.64
Quick ratio	0.73	0.86	0.87	1.03	1.18	1.08
Debt to equity	-	2.56	3.33	2.50	1.15	0.90
ROE	-	17.9%	-28.2%	-75.4%	52.7%	83.7%
ROA	-42.9%	5.0%	-6.5%	-21.5%	24.5%	43.9%
Interest coverage	-32.77	3.41	-1.17	-16.61	-	-

Item	2024	2023	2022	2021
Tangible fixed assets	-	€10,940	-	€9,050
Depreciation and write-downs of the year	€5,699	€6,276	€5,143	€4,878

FT DISTRIBUTION

Annual accounts 2024

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency-4.1%

Current ratio0.81

Return on assets-42.9%

Staff

Staff cost per FTE

Filed annual accounts

Filings

Key figures and ratios

Investments

Insights on FT DISTRIBUTION

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