BDO 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.
What changed
BDO DISTRIBUTION
NACE 47.551, Retail sale of household furniture
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€138,682
2024 · €66,603+€72,080
Equity
€2.0m
2024 · €1.8m+€138,682
Cash
€476,256
2024 · €638,620-€162,363
Balance sheet total
€8.4m
2024 · €7.5m+€892,125
Largest movements
Assets
- Tangible fixed assets +€795,159
up €795,159 (+50.1%), from €1.6m to €2.4m
of which Other tangible fixed assets: +€775,262
- Receivables within one year +€179,155
up €179,155 (+19.5%), from €916,509 to €1.1m
of which Trade receivables: +€179,155
- Cash -€162,363
down €162,363 (-25.4%), from €638,620 to €476,256
mainly Investment in fixed assets (net) (-€1.3m) and Short-term financial debts (-€350,000)
- Stocks and contracts +€84,000
up €84,000 (+2.4%), from €3.4m to €3.5m
Equity and liabilities
- Debts after one year +€706,744
up €706,744 (+84.1%), from €840,591 to €1.5m
- Trade debts +€487,564
up €487,564 (+18.5%), from €2.6m to €3.1m
- Short-term financial debts -€350,000
down €350,000 (-100.0%), from €350,000 to €0
- Other debts -€269,932
down €269,932 (-91.9%), from €293,831 to €23,899
- Profit (loss) carried forward +€138,682
up €138,682 (+53.9%), from -€257,222 to -€118,539
Income statement
- Goods and materials +€2.2m
up €2.2m (+19.6%), from €11.1m to €13.3m
of which Purchases: +€1.9m
- Turnover +€1.6m
up €1.6m (+8.1%), from €20.2m to €21.8m
- Other operating income +€491,003
up €491,003 (+108.1%), from €454,157 to €945,160
- Services and other goods -€327,595
down €327,595 (-5.2%), from €6.3m to €6.0m
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
€66,603
Turnover
+€1.6m
Other operating income
+€491,003
Goods and materials
-€2.2m
Services and other goods
+€327,595
Staff costs
-€60,301
Depreciation
-€182,870
Write-downs
+€35,949
Other operating charges
+€14,284
Other operating items
+€7,546
Financial income
+€26,548
Financial charges
-€38,380
Taxes
-€152
Result 2025
€138,682
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
+€630,987
Investment
-€1.3m
Financing
+€490,434
Cash 2024
€638,620
From operations (derived)
+€630,987
Net result for the year
+€138,682
Depreciation
+€505,432
Stocks and contracts
-€84,000
Receivables within one year
-€179,155
Deferred charges and accrued income
-€12,982
Trade debts
+€487,564
Tax, wage and social debts
-€9,235
Advances received
+€129,105
Other debts
-€269,932
Accrued charges and deferred income
-€74,493
Investment (derived)
-€1.3m
Investment in fixed assets (net)
-€1.3m
Financing
+€490,434
Debts after one year
+€706,744
Current portion of long-term debt
+€133,690
Short-term financial debts
-€350,000
Cash 2025
€476,256
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,492,474 | €8,384,599 | +€892,125 | +11.9% |
| Fixed assets | 21/28 | €2,298,430 | €3,076,783 | +€778,352 | +33.9% |
| Intangible fixed assets | 21 | €701,978 | €685,170 | -€16,807 | -2.4% |
| Tangible fixed assets | 22/27 | €1,588,483 | €2,383,642 | +€795,159 | +50.1% |
| Furniture and vehicles | 24 | €553,313 | €538,605 | -€14,708 | -2.7% |
| Other tangible fixed assets | 26 | €1,033,780 | €1,809,043 | +€775,262 | +75.0% |
| Assets under construction and advance payments | 27 | €1,390 | €35,995 | +€34,605 | +2489.6% |
| Financial fixed assets | 28 | €7,970 | €7,970 | = | 0.0% |
| Other financial fixed assets | 284/8 | €7,970 | €7,970 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €7,970 | €7,970 | = | 0.0% |
| Current assets | 29/58 | €5,194,044 | €5,307,816 | +€113,773 | +2.2% |
| Stocks and contracts in progress | 3 | €3,444,152 | €3,528,152 | +€84,000 | +2.4% |
| Stocks | 30/36 | €3,444,152 | €3,528,152 | +€84,000 | +2.4% |
| Goods purchased for resale | 34 | €3,444,152 | €3,528,152 | +€84,000 | +2.4% |
| Advance payments | 36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €916,509 | €1,095,663 | +€179,155 | +19.5% |
| Trade receivables | 40 | €910,519 | €1,089,673 | +€179,155 | +19.7% |
| Other amounts receivable | 41 | €5,990 | €5,990 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €638,620 | €476,256 | -€162,363 | -25.4% |
| Deferred charges and accrued income | 490/1 | €194,763 | €207,745 | +€12,982 | +6.7% |
| Total equity and liabilities | 10/49 | €7,492,474 | €8,384,599 | +€892,125 | +11.9% |
| Equity | 10/15 | €1,831,518 | €1,970,200 | +€138,682 | +7.6% |
| Contributions | 10/11 | €2,060,000 | €2,060,000 | = | 0.0% |
| Capital | 10 | €1,590,500 | €1,590,500 | = | 0.0% |
| Issued capital | 100 | €1,590,500 | €1,590,500 | = | 0.0% |
| Outside capital | 11 | €469,500 | €469,500 | = | 0.0% |
| Share premium | 1100/10 | €469,500 | €469,500 | = | 0.0% |
| Reserves | 13 | €28,740 | €28,740 | = | 0.0% |
| Non-distributable reserves | 130/1 | €28,638 | €28,638 | = | 0.0% |
| Legal reserve | 130 | €28,638 | €28,638 | = | 0.0% |
| Tax-exempt reserves | 132 | €102 | €102 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€257,222 | -€118,539 | +€138,682 | +53.9% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Environmental obligations | 163 | €0 | - | = | |
| Amounts payable | 17/49 | €5,660,956 | €6,414,399 | +€753,443 | +13.3% |
| Amounts payable after more than one year | 17 | €840,591 | €1,547,335 | +€706,744 | +84.1% |
| Financial debts | 170/4 | €840,591 | €1,547,335 | +€706,744 | +84.1% |
| Credit institutions | 173 | €840,591 | €1,547,335 | +€706,744 | +84.1% |
| Amounts payable within one year | 42/48 | €4,705,350 | €4,826,541 | +€121,192 | +2.6% |
| Current portion of amounts payable after more than one year | 42 | €128,138 | €261,828 | +€133,690 | +104.3% |
| Financial debts | 43 | €350,000 | €0 | -€350,000 | -100.0% |
| Credit institutions | 430/8 | €350,000 | €0 | -€350,000 | -100.0% |
| Trade debts | 44 | €2,633,572 | €3,121,136 | +€487,564 | +18.5% |
| Suppliers | 440/4 | €2,633,572 | €3,121,136 | +€487,564 | +18.5% |
| Advances received on contracts in progress | 46 | €689,933 | €819,038 | +€129,105 | +18.7% |
| Taxes, remuneration and social security | 45 | €609,875 | €600,640 | -€9,235 | -1.5% |
| Taxes | 450/3 | €174,296 | €247,534 | +€73,238 | +42.0% |
| Remuneration and social security | 454/9 | €435,580 | €353,106 | -€82,474 | -18.9% |
| Other amounts payable | 47/48 | €293,831 | €23,899 | -€269,932 | -91.9% |
| Accrued charges and deferred income | 492/3 | €115,016 | €40,523 | -€74,493 | -64.8% |
| Operating income | 70/76A | €20,633,414 | €22,762,629 | +€2.1m | +10.3% |
| Turnover | 70 | €20,179,258 | €21,817,470 | +€1.6m | +8.1% |
| Other operating income | 74 | €454,157 | €945,160 | +€491,003 | +108.1% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Operating charges | 60/66A | €20,447,814 | €22,492,964 | +€2.0m | +10.0% |
| Goods for resale, raw materials and consumables | 60 | €11,136,535 | €13,323,890 | +€2.2m | +19.6% |
| Purchases | 600/8 | €11,556,175 | €13,436,469 | +€1.9m | +16.3% |
| Change in stocks: decrease (increase) | 609 | -€419,640 | -€112,579 | +€307,062 | +73.2% |
| Services and other goods | 61 | €6,318,887 | €5,991,291 | -€327,595 | -5.2% |
| Remuneration, social security and pensions | 62 | €2,338,971 | €2,399,272 | +€60,301 | +2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €322,562 | €505,432 | +€182,870 | +56.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €64,529 | €28,579 | -€35,949 | -55.7% |
| Other operating charges | 640/8 | €258,784 | €244,500 | -€14,284 | -5.5% |
| Non-recurring operating charges | 66A | €7,546 | €0 | -€7,546 | -100.0% |
| Operating profit (loss) | 9901 | €185,601 | €269,665 | +€84,064 | +45.3% |
| Financial income | 75/76B | €2,751 | €29,299 | +€26,548 | +964.9% |
| Recurring financial income | 75 | €2,751 | €29,299 | +€26,548 | +964.9% |
| Income from financial fixed assets | 750 | €3 | €51 | +€47 | +1507.3% |
| Other financial income | 752/9 | €2,748 | €29,248 | +€26,500 | +964.3% |
| Financial charges | 65/66B | €120,669 | €159,049 | +€38,380 | +31.8% |
| Recurring financial charges | 65 | €123,591 | €159,049 | +€35,458 | +28.7% |
| Debt charges | 650 | €86,558 | €129,825 | +€43,266 | +50.0% |
| Other financial charges | 652/9 | €37,033 | €29,224 | -€7,808 | -21.1% |
| Non-recurring financial charges | 66B | -€2,922 | €0 | +€2,922 | |
| Profit (loss) for the period before taxes | 9903 | €67,683 | €139,915 | +€72,232 | +106.7% |
| Income taxes | 67/77 | €1,081 | €1,233 | +€152 | +14.1% |
| Taxes | 670/3 | €1,081 | €1,233 | +€152 | +14.1% |
| Profit (loss) for the period | 9904 | €66,603 | €138,682 | +€72,080 | +108.2% |
| Profit (loss) for the period to be appropriated | 9905 | €66,603 | €138,682 | +€72,080 | +108.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.