CONCEPT 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.
CONCEPT DISTRIBUTION
Largest movements
- Cash -€14,428
down €14,428 (-68.8%), from €20,962 to €6,533
mainly Trade debts (-€41,573) and Receivables within one year (-€7,037)
- Receivables within one year +€7,037
new in 2025: €7,037
- Stocks and contracts -€5,090
down €5,090 (-6.5%), from €78,467 to €73,377
- Tangible fixed assets -€2,597
down €2,597 (-14.7%), from €17,630 to €15,033
of which Furniture and vehicles: -€5,304
- Trade debts -€41,573
down €41,573 (-32.4%), from €128,187 to €86,614
- Other debts +€23,065
up €23,065 (+89.4%), from €25,809 to €48,874
- Reserves +€3,186
new in 2025: €3,186
- Gross operating margin +€66,941
up €66,941, from -€25,506 to €41,435
- Purchases and services -€43,442
down €43,442 (-17.9%), from €242,558 to €199,115
- Financial charges +€27,480
up €27,480 (+16107.2%), from €171 to €27,651
of which Non-recurring financial charges: +€27,394
- Turnover -€3,866
down €3,866 (-1.9%), from €206,829 to €202,964
- Staff costs +€3,455
up €3,455 (+1603.0%), from €216 to €3,671
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 | €117,268 | €102,740 | -€14,528 | -12.4% |
| Fixed assets | 21/28 | €17,630 | €15,033 | -€2,597 | -14.7% |
| Tangible fixed assets | 22/27 | €17,630 | €15,033 | -€2,597 | -14.7% |
| Plant, machinery and equipment | 23 | - | €2,707 | +€2,707 | |
| Furniture and vehicles | 24 | €17,630 | €12,326 | -€5,304 | -30.1% |
| Current assets | 29/58 | €99,638 | €87,707 | -€11,930 | -12.0% |
| Stocks and contracts in progress | 3 | €78,467 | €73,377 | -€5,090 | -6.5% |
| Stocks | 30/36 | €78,467 | €73,377 | -€5,090 | -6.5% |
| Amounts receivable within one year | 40/41 | - | €7,037 | +€7,037 | |
| Trade receivables | 40 | - | €7,037 | +€7,037 | |
| Cash at bank and in hand | 54/58 | €20,962 | €6,533 | -€14,428 | -68.8% |
| Deferred charges and accrued income | 490/1 | €209 | €760 | +€551 | +263.6% |
| Total equity and liabilities | 10/49 | €117,268 | €102,740 | -€14,528 | -12.4% |
| Equity | 10/15 | -€54,674 | -€51,489 | +€3,186 | +5.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | - | €3,186 | +€3,186 | |
| Distributable reserves | 133 | - | €3,186 | +€3,186 | |
| Profit (loss) carried forward | 14 | -€73,274 | -€73,274 | = | 0.0% |
| Amounts payable | 17/49 | €171,942 | €154,229 | -€17,713 | -10.3% |
| Amounts payable within one year | 42/48 | €171,942 | €154,229 | -€17,713 | -10.3% |
| Trade debts | 44 | €128,187 | €86,614 | -€41,573 | -32.4% |
| Suppliers | 440/4 | €128,187 | €86,614 | -€41,573 | -32.4% |
| Taxes, remuneration and social security | 45 | €17,945 | €18,741 | +€795 | +4.4% |
| Taxes | 450/3 | €9,411 | €11,781 | +€2,370 | +25.2% |
| Remuneration and social security | 454/9 | €8,535 | €6,960 | -€1,575 | -18.5% |
| Other amounts payable | 47/48 | €25,809 | €48,874 | +€23,065 | +89.4% |
| Turnover | 70 | €206,829 | €202,964 | -€3,866 | -1.9% |
| Non-recurring operating income | 76A | - | €27,394 | +€27,394 | |
| Goods, raw materials, services and sundry goods | 60/61 | €242,558 | €199,115 | -€43,442 | -17.9% |
| Remuneration, social security and pensions | 62 | €216 | €3,671 | +€3,455 | +1603.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,304 | €5,397 | +€93 | +1.8% |
| Other operating charges | 640/8 | €1,811 | €1,031 | -€780 | -43.1% |
| Gross operating margin | 9900 | -€25,506 | €41,435 | +€66,941 | |
| Operating profit (loss) | 9901 | -€32,836 | €31,336 | +€64,172 | |
| Financial charges | 65/66B | €171 | €27,651 | +€27,480 | +16107.2% |
| Recurring financial charges | 65 | €171 | €257 | +€86 | +50.7% |
| Non-recurring financial charges | 66B | - | €27,394 | +€27,394 | |
| Profit (loss) for the period before taxes | 9903 | -€33,007 | €3,685 | +€36,692 | |
| Income taxes | 67/77 | €510 | €500 | -€11 | -2.1% |
| Profit (loss) for the period | 9904 | -€33,517 | €3,186 | +€36,702 | |
| Profit (loss) for the period to be appropriated | 9905 | -€33,517 | €3,186 | +€36,702 |
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 11 October 2026 via checked.be.