BRUSSELS NORTH DISTRIBUTION: 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
BRUSSELS NORTH DISTRIBUTION
NACE 68.110, Buying and selling of own real estate
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€22,805
2024 · €21,694+€1,111
Equity
€68,826
2024 · €68,826
Cash
€620,783
2024 · €591,484+€29,298
Balance sheet total
€2.3m
2024 · €2.5m-€162,946
Largest movements
Assets
- Tangible fixed assets -€209,932
down €209,932 (-11.1%), from €1.9m to €1.7m
of which Land and buildings: -€199,802
- Cash +€29,298
up €29,298 (+5.0%), from €591,484 to €620,783
mainly Depreciation (+€209,932) and Other debts (+€50,770)
Equity and liabilities
- Debts after one year -€216,469
down €216,469 (-11.7%), from €1.8m to €1.6m
of which Other amounts payable: -€199,802
- Other debts +€50,770
up €50,770 (+9.6%), from €530,668 to €581,439
Income statement
- Financial charges +€29,581
up €29,581 (+9.4%), from €315,826 to €345,407
- Turnover +€19,268
up €19,268 (+3.2%), from €605,428 to €624,696
- Services and other goods -€13,262
down €13,262 (-17.9%), from €74,223 to €60,960
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
€21,694
Turnover
+€19,268
Other operating income
+€126
Services and other goods
+€13,262
Other operating charges
-€246
Financial income
-€1,347
Financial charges
-€29,581
Taxes
-€370
Result 2025
€22,805
raises the resultlowers the result
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
+€268,274
Investment
€0
Financing
-€238,975
Cash 2024
€591,484
From operations (derived)
+€268,274
Net result for the year
+€22,805
Depreciation
+€209,932
Receivables within one year
+€1,230
Deferred charges and accrued income
-€18,918
Trade debts
+€1,782
Tax, wage and social debts
+€672
Other debts
+€50,770
Financing
-€238,975
Debts after one year
-€216,469
Current portion of long-term debt
+€298
Contributions, distributions and other
-€22,805
Cash 2025
€620,783
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,486,638 | €2,323,691 | -€162,946 | -6.6% |
| Fixed assets | 21/28 | €1,888,833 | €1,678,901 | -€209,932 | -11.1% |
| Tangible fixed assets | 22/27 | €1,888,833 | €1,678,901 | -€209,932 | -11.1% |
| Land and buildings | 22 | €1,806,815 | €1,607,012 | -€199,802 | -11.1% |
| Plant, machinery and equipment | 23 | €82,018 | €71,888 | -€10,130 | -12.4% |
| Current assets | 29/58 | €597,805 | €644,791 | +€46,986 | +7.9% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €2,659 | €1,429 | -€1,230 | -46.2% |
| Trade receivables | 40 | €0 | €54 | +€54 | |
| Other amounts receivable | 41 | €2,659 | €1,375 | -€1,284 | -48.3% |
| Cash at bank and in hand | 54/58 | €591,484 | €620,783 | +€29,298 | +5.0% |
| Deferred charges and accrued income | 490/1 | €3,661 | €22,579 | +€18,918 | +517% |
| Total equity and liabilities | 10/49 | €2,486,638 | €2,323,691 | -€162,946 | -6.6% |
| Equity | 10/15 | €68,826 | €68,826 | = | 0.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,826 | €6,826 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,826 | €6,826 | = | 0.0% |
| Legal reserve | 130 | €6,826 | €6,826 | = | 0.0% |
| Amounts payable | 17/49 | €2,417,811 | €2,254,865 | -€162,946 | -6.7% |
| Amounts payable after more than one year | 17 | €1,849,144 | €1,632,676 | -€216,469 | -11.7% |
| Financial debts | 170/4 | €34,868 | €18,202 | -€16,666 | -47.8% |
| Credit institutions | 173 | €34,868 | €18,202 | -€16,666 | -47.8% |
| Other amounts payable | 178/9 | €1,814,276 | €1,614,474 | -€199,802 | -11.0% |
| Amounts payable within one year | 42/48 | €563,353 | €616,875 | +€53,522 | +9.5% |
| Current portion of amounts payable after more than one year | 42 | €17,434 | €17,732 | +€298 | +1.7% |
| Trade debts | 44 | €15,251 | €17,032 | +€1,782 | +11.7% |
| Suppliers | 440/4 | €15,251 | €17,032 | +€1,782 | +11.7% |
| Taxes, remuneration and social security | 45 | €0 | €672 | +€672 | |
| Taxes | 450/3 | €0 | €672 | +€672 | |
| Other amounts payable | 47/48 | €530,668 | €581,439 | +€50,770 | +9.6% |
| Accrued charges and deferred income | 492/3 | €5,314 | €5,314 | = | 0.0% |
| Operating income | 70/76A | €624,122 | €643,516 | +€19,394 | +3.1% |
| Turnover | 70 | €605,428 | €624,696 | +€19,268 | +3.2% |
| Other operating income | 74 | €18,694 | €18,820 | +€126 | +0.7% |
| Operating charges | 60/66A | €285,483 | €272,467 | -€13,016 | -4.6% |
| Services and other goods | 61 | €74,223 | €60,960 | -€13,262 | -17.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €209,932 | €209,932 | = | 0.0% |
| Other operating charges | 640/8 | €1,328 | €1,574 | +€246 | +18.5% |
| Operating profit (loss) | 9901 | €338,639 | €371,049 | +€32,410 | +9.6% |
| Financial income | 75/76B | €6,112 | €4,765 | -€1,347 | -22.0% |
| Recurring financial income | 75 | €6,112 | €4,765 | -€1,347 | -22.0% |
| Income from current assets | 751 | €6,112 | €4,765 | -€1,347 | -22.0% |
| Financial charges | 65/66B | €315,826 | €345,407 | +€29,581 | +9.4% |
| Recurring financial charges | 65 | €315,826 | €345,407 | +€29,581 | +9.4% |
| Debt charges | 650 | €315,826 | €345,407 | +€29,581 | +9.4% |
| Other financial charges | 652/9 | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €28,925 | €30,407 | +€1,482 | +5.1% |
| Income taxes | 67/77 | €7,231 | €7,602 | +€370 | +5.1% |
| Taxes | 670/3 | €7,231 | €7,602 | +€370 | +5.1% |
| Profit (loss) for the period | 9904 | €21,694 | €22,805 | +€1,111 | +5.1% |
| Profit (loss) for the period to be appropriated | 9905 | €21,694 | €22,805 | +€1,111 | +5.1% |
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 23 October 2026 via checked.be.