BBDISTRIBUTION: 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.
BBDISTRIBUTION
Largest movements
- Receivables after one year +€11,494
up €11,494 (+3.8%), from €303,737 to €315,231
- Cash -€4,687
down €4,687 (-5.4%), from €87,282 to €82,595
mainly Tax, wage and social debts (-€80,512) and Receivables after one year (-€11,494)
- Reserves +€88,125
up €88,125 (+29.8%), from €295,270 to €383,395
- Tax, wage and social debts -€80,512
down €80,512 (-85.9%), from €93,747 to €13,235
of which Taxes: -€80,573
- Gross operating margin -€266,824
down €266,824 (-72.6%), from €367,558 to €100,734
- Taxes -€69,242
down €69,242 (-74.5%), from €92,969 to €23,726
- Financial income +€7,756
up €7,756 (+205.2%), from €3,780 to €11,536
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 | €391,828 | €398,786 | +€6,957 | +1.8% |
| Fixed assets | 21/28 | €62 | €62 | = | 0.0% |
| Financial fixed assets | 28 | €62 | €62 | = | 0.0% |
| Current assets | 29/58 | €391,767 | €398,724 | +€6,957 | +1.8% |
| Amounts receivable after more than one year | 29 | €303,737 | €315,231 | +€11,494 | +3.8% |
| Trade receivables | 290 | €303,737 | €315,231 | +€11,494 | +3.8% |
| Amounts receivable within one year | 40/41 | €748 | €898 | +€151 | +20.1% |
| Trade receivables | 40 | - | €108 | +€108 | |
| Other amounts receivable | 41 | €748 | €791 | +€43 | +5.7% |
| Cash at bank and in hand | 54/58 | €87,282 | €82,595 | -€4,687 | -5.4% |
| Total equity and liabilities | 10/49 | €391,828 | €398,786 | +€6,957 | +1.8% |
| Equity | 10/15 | €297,270 | €385,395 | +€88,125 | +29.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €295,270 | €383,395 | +€88,125 | +29.8% |
| Distributable reserves | 133 | €295,270 | €383,395 | +€88,125 | +29.8% |
| Amounts payable | 17/49 | €94,558 | €13,391 | -€81,168 | -85.8% |
| Amounts payable within one year | 42/48 | €94,558 | €13,391 | -€81,168 | -85.8% |
| Trade debts | 44 | €811 | €90 | -€722 | -89.0% |
| Suppliers | 440/4 | €811 | €90 | -€722 | -89.0% |
| Taxes, remuneration and social security | 45 | €93,747 | €13,235 | -€80,512 | -85.9% |
| Taxes | 450/3 | €93,344 | €12,771 | -€80,573 | -86.3% |
| Remuneration and social security | 454/9 | €403 | €464 | +€61 | +15.2% |
| Other amounts payable | 47/48 | - | €66 | +€66 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €460 | - | -€460 | |
| Other operating charges | 640/8 | €130 | €66 | -€64 | -49.5% |
| Gross operating margin | 9900 | €367,558 | €100,734 | -€266,824 | -72.6% |
| Operating profit (loss) | 9901 | €366,968 | €100,668 | -€266,299 | -72.6% |
| Financial income | 75/76B | €3,780 | €11,536 | +€7,756 | +205.2% |
| Recurring financial income | 75 | €3,780 | €11,536 | +€7,756 | +205.2% |
| Financial charges | 65/66B | €280 | €353 | +€73 | +25.9% |
| Recurring financial charges | 65 | €280 | €353 | +€73 | +25.9% |
| Profit (loss) for the period before taxes | 9903 | €370,467 | €111,852 | -€258,616 | -69.8% |
| Income taxes | 67/77 | €92,969 | €23,726 | -€69,242 | -74.5% |
| Profit (loss) for the period | 9904 | €277,499 | €88,125 | -€189,374 | -68.2% |
| Profit (loss) for the period to be appropriated | 9905 | €277,499 | €88,125 | -€189,374 | -68.2% |
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 1 October 2026 via checked.be.