CARFREDANIE 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.
CARFREDANIE DISTRIBUTION
Largest movements
- Receivables within one year -€250,400
down €250,400 (-89.0%), from €281,428 to €31,028
of which Trade receivables: -€212,400
- Stocks and contracts -€142,383
down €142,383 (-43.7%), from €325,456 to €183,073
- Cash -€35,609
down €35,609 (-54.5%), from €65,343 to €29,734
mainly Trade debts (-€336,257) and Net result for the year (-€108,302)
- Trade debts -€336,257
down €336,257 (-58.1%), from €578,363 to €242,106
- Profit (loss) carried forward -€108,302
down €108,302 (-29.0%), from -€373,641 to -€481,943
- Other debts +€79,905
up €79,905 (+57.1%), from €139,837 to €219,742
- Tax, wage and social debts -€60,310
down €60,310 (-67.9%), from €88,857 to €28,547
of which Remuneration and social security: -€54,335
- Current portion of long-term debt -€14,064
down €14,064 (-91.8%), from €15,322 to €1,258
- Gross operating margin -€205,725
down €205,725 (-65.7%), from €313,243 to €107,518
- Staff costs -€168,777
down €168,777 (-48.8%), from €345,699 to €176,922
- Financial charges -€7,811
down €7,811 (-32.1%), from €24,319 to €16,508
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €700,022 | €259,710 | -€440,312 | -62.9% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €26,113 | €15,875 | -€10,238 | -39.2% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €22,813 | €15,875 | -€6,938 | -30.4% |
| Plant, machinery and equipment | 23 | €12,904 | €7,375 | -€5,529 | -42.8% |
| Furniture and vehicles | 24 | €9,909 | €8,500 | -€1,409 | -14.2% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €3,300 | €0 | -€3,300 | -100% |
| Current assets | 29/58 | €673,909 | €243,835 | -€430,074 | -63.8% |
| Stocks and contracts in progress | 3 | €325,456 | €183,073 | -€142,383 | -43.7% |
| Stocks | 30/36 | €325,456 | €183,073 | -€142,383 | -43.7% |
| Amounts receivable within one year | 40/41 | €281,428 | €31,028 | -€250,400 | -89.0% |
| Trade receivables | 40 | €240,419 | €28,019 | -€212,400 | -88.3% |
| Other amounts receivable | 41 | €41,008 | €3,009 | -€37,999 | -92.7% |
| Cash at bank and in hand | 54/58 | €65,343 | €29,734 | -€35,609 | -54.5% |
| Deferred charges and accrued income | 490/1 | €1,683 | - | -€1,683 | |
| Total equity and liabilities | 10/49 | €700,022 | €259,710 | -€440,312 | -62.9% |
| Equity | 10/15 | -€223,641 | -€331,943 | -€108,302 | -48.4% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Capital | 10 | €150,000 | €150,000 | = | 0.0% |
| Issued capital | 100 | €150,000 | €150,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€373,641 | -€481,943 | -€108,302 | -29.0% |
| Amounts payable | 17/49 | €923,663 | €591,653 | -€332,010 | -35.9% |
| Amounts payable after more than one year | 17 | €1,283 | €0 | -€1,283 | -100% |
| Financial debts | 170/4 | €1,283 | €0 | -€1,283 | -100% |
| Amounts payable within one year | 42/48 | €922,380 | €591,653 | -€330,727 | -35.9% |
| Current portion of amounts payable after more than one year | 42 | €15,322 | €1,258 | -€14,064 | -91.8% |
| Financial debts | 43 | €100,000 | €100,000 | = | 0.0% |
| Credit institutions | 430/8 | €100,000 | €100,000 | = | 0.0% |
| Trade debts | 44 | €578,363 | €242,106 | -€336,257 | -58.1% |
| Suppliers | 440/4 | €578,363 | €242,106 | -€336,257 | -58.1% |
| Taxes, remuneration and social security | 45 | €88,857 | €28,547 | -€60,310 | -67.9% |
| Taxes | 450/3 | €8,689 | €2,714 | -€5,975 | -68.8% |
| Remuneration and social security | 454/9 | €80,168 | €25,833 | -€54,335 | -67.8% |
| Other amounts payable | 47/48 | €139,837 | €219,742 | +€79,905 | +57.1% |
| Remuneration, social security and pensions | 62 | €345,699 | €176,922 | -€168,777 | -48.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,190 | €6,938 | -€252 | -3.5% |
| Other operating charges | 640/8 | €387 | €1,694 | +€1,307 | +337% |
| Non-recurring operating charges | 66A | €11,790 | €15,482 | +€3,692 | +31.3% |
| Gross operating margin | 9900 | €313,243 | €107,518 | -€205,725 | -65.7% |
| Operating profit (loss) | 9901 | -€51,824 | -€93,518 | -€41,694 | -80.5% |
| Financial income | 75/76B | €661 | €1,724 | +€1,063 | +161% |
| Recurring financial income | 75 | €661 | €1,724 | +€1,063 | +161% |
| Financial charges | 65/66B | €24,319 | €16,508 | -€7,811 | -32.1% |
| Recurring financial charges | 65 | €24,319 | €16,508 | -€7,811 | -32.1% |
| Profit (loss) for the period before taxes | 9903 | -€75,482 | -€108,302 | -€32,820 | -43.5% |
| Profit (loss) for the period | 9904 | -€75,482 | -€108,302 | -€32,820 | -43.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€75,482 | -€108,302 | -€32,820 | -43.5% |
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 28 October 2026 via checked.be.