B.S. DISTRIBUTION: 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.
B.S. DISTRIBUTION
Largest movements
- Receivables within one year -€46,437
down €46,437 (-27.2%), from €170,426 to €123,990
of which Other amounts receivable: -€57,369
- Cash -€10,191
no longer reported in 2025 (was €10,191)
mainly Net result for the year (-€60,705) and Other debts (-€5,701)
- Profit (loss) carried forward -€60,705
down €60,705, from €981 to -€59,724
- Other debts -€5,701
down €5,701 (-40.9%), from €13,934 to €8,233
- Short-term financial debts +€4,771
new in 2025: €4,771
- Tax, wage and social debts +€4,036
up €4,036 (+360.5%), from €1,119 to €5,155
of which Remuneration and social security: +€4,000
- Financial charges +€52,932
up €52,932 (+1323.7%), from €3,999 to €56,931
- Gross operating margin -€8,562
down €8,562, from €5,490 to -€3,072
- Depreciation +€303
new in 2025: €303
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €184,951 | €128,021 | -€56,931 | -30.8% |
| Fixed assets | 21/28 | €4,334 | €4,031 | -€303 | -7.0% |
| Tangible fixed assets | 22/27 | €303 | - | -€303 | |
| Furniture and vehicles | 24 | €303 | - | -€303 | |
| Financial fixed assets | 28 | €4,031 | €4,031 | = | 0.0% |
| Current assets | 29/58 | €180,617 | €123,990 | -€56,628 | -31.4% |
| Amounts receivable within one year | 40/41 | €170,426 | €123,990 | -€46,437 | -27.2% |
| Trade receivables | 40 | €82,872 | €93,804 | +€10,932 | +13.2% |
| Other amounts receivable | 41 | €87,554 | €30,185 | -€57,369 | -65.5% |
| Cash at bank and in hand | 54/58 | €10,191 | - | -€10,191 | |
| Total equity and liabilities | 10/49 | €184,951 | €128,021 | -€56,931 | -30.8% |
| Equity | 10/15 | €158,426 | €97,721 | -€60,705 | -38.3% |
| Contributions | 10/11 | €74,450 | €74,450 | = | 0.0% |
| Capital | 10 | €74,450 | €74,450 | = | 0.0% |
| Issued capital | 100 | €74,450 | €74,450 | = | 0.0% |
| Reserves | 13 | €82,995 | €82,995 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,445 | €7,445 | = | 0.0% |
| Legal reserve | 130 | €7,445 | €7,445 | = | 0.0% |
| Distributable reserves | 133 | €75,550 | €75,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | €981 | -€59,724 | -€60,705 | |
| Amounts payable | 17/49 | €26,525 | €30,300 | +€3,775 | +14.2% |
| Amounts payable within one year | 42/48 | €26,525 | €30,300 | +€3,775 | +14.2% |
| Financial debts | 43 | - | €4,771 | +€4,771 | |
| Credit institutions | 430/8 | - | €4,771 | +€4,771 | |
| Trade debts | 44 | €11,472 | €12,140 | +€669 | +5.8% |
| Suppliers | 440/4 | €11,472 | €12,140 | +€669 | +5.8% |
| Taxes, remuneration and social security | 45 | €1,119 | €5,155 | +€4,036 | +360.5% |
| Taxes | 450/3 | €119 | €155 | +€36 | +30.0% |
| Remuneration and social security | 454/9 | €1,000 | €5,000 | +€4,000 | +400.0% |
| Other amounts payable | 47/48 | €13,934 | €8,233 | -€5,701 | -40.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €303 | +€303 | |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €5,490 | -€3,072 | -€8,562 | |
| Operating profit (loss) | 9901 | €5,103 | -€3,774 | -€8,877 | |
| Financial charges | 65/66B | €3,999 | €56,931 | +€52,932 | +1323.7% |
| Recurring financial charges | 65 | €3,999 | €56,931 | +€52,932 | +1323.7% |
| Profit (loss) for the period before taxes | 9903 | €1,104 | -€60,705 | -€61,809 | |
| Profit (loss) for the period | 9904 | €1,104 | -€60,705 | -€61,809 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,104 | -€60,705 | -€61,809 |
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 8 October 2026 via checked.be.