CS 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.
CS DISTRIBUTION
Largest movements
- Cash -€24,655
down €24,655 (-36.9%), from €66,756 to €42,101
mainly Net result for the year (-€136,798) and Investment in fixed assets (net) (-€17,777)
- Stocks and contracts -€14,809
down €14,809 (-11.1%), from €133,076 to €118,267
- Financial fixed assets +€6,000
new in 2026: €6,000
- Receivables within one year -€3,469
down €3,469 (-18.0%), from €19,294 to €15,825
of which Other amounts receivable: -€12,707
- Profit (loss) carried forward -€136,798
down €136,798 (-60.2%), from -€227,324 to -€364,122
- Trade debts +€65,920
up €65,920 (+20.0%), from €330,343 to €396,263
- Other debts +€25,000
new in 2026: €25,000
- Accrued charges and deferred income +€18,427
up €18,427 (+51.1%), from €36,093 to €54,520
- Tax, wage and social debts -€9,590
down €9,590 (-21.6%), from €44,314 to €34,723
- Gross operating margin -€219,179
down €219,179 (-63.9%), from €343,166 to €123,987
- Staff costs +€23,182
up €23,182 (+11.0%), from €211,072 to €234,254
- Depreciation +€3,768
up €3,768 (+36.0%), from €10,463 to €14,231
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €265,925 | €228,884 | -€37,041 | -13.9% |
| Fixed assets | 21/28 | €33,836 | €37,382 | +€3,546 | +10.5% |
| Tangible fixed assets | 22/27 | €33,836 | €31,382 | -€2,454 | -7.3% |
| Plant, machinery and equipment | 23 | €17,009 | €22,709 | +€5,700 | +33.5% |
| Furniture and vehicles | 24 | €337 | €149 | -€188 | -55.7% |
| Other tangible fixed assets | 26 | €16,490 | €8,524 | -€7,966 | -48.3% |
| Financial fixed assets | 28 | - | €6,000 | +€6,000 | |
| Current assets | 29/58 | €232,089 | €191,502 | -€40,587 | -17.5% |
| Stocks and contracts in progress | 3 | €133,076 | €118,267 | -€14,809 | -11.1% |
| Stocks | 30/36 | €133,076 | €118,267 | -€14,809 | -11.1% |
| Amounts receivable within one year | 40/41 | €19,294 | €15,825 | -€3,469 | -18.0% |
| Trade receivables | 40 | €644 | €9,882 | +€9,238 | +1434.5% |
| Other amounts receivable | 41 | €18,650 | €5,943 | -€12,707 | -68.1% |
| Cash at bank and in hand | 54/58 | €66,756 | €42,101 | -€24,655 | -36.9% |
| Deferred charges and accrued income | 490/1 | €12,963 | €15,308 | +€2,345 | +18.1% |
| Total equity and liabilities | 10/49 | €265,925 | €228,884 | -€37,041 | -13.9% |
| Equity | 10/15 | -€144,824 | -€281,622 | -€136,798 | -94.5% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €7,500 | €7,500 | = | 0.0% |
| Distributable reserves | 133 | €7,500 | €7,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€227,324 | -€364,122 | -€136,798 | -60.2% |
| Amounts payable | 17/49 | €410,749 | €510,506 | +€99,757 | +24.3% |
| Amounts payable within one year | 42/48 | €374,657 | €455,986 | +€81,330 | +21.7% |
| Trade debts | 44 | €330,343 | €396,263 | +€65,920 | +20.0% |
| Suppliers | 440/4 | €330,343 | €396,263 | +€65,920 | +20.0% |
| Taxes, remuneration and social security | 45 | €44,314 | €34,723 | -€9,590 | -21.6% |
| Remuneration and social security | 454/9 | €44,314 | €34,723 | -€9,590 | -21.6% |
| Other amounts payable | 47/48 | - | €25,000 | +€25,000 | |
| Accrued charges and deferred income | 492/3 | €36,093 | €54,520 | +€18,427 | +51.1% |
| Remuneration, social security and pensions | 62 | €211,072 | €234,254 | +€23,182 | +11.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,463 | €14,231 | +€3,768 | +36.0% |
| Other operating charges | 640/8 | €2,391 | €4,479 | +€2,089 | +87.4% |
| Gross operating margin | 9900 | €343,166 | €123,987 | -€219,179 | -63.9% |
| Operating profit (loss) | 9901 | €119,241 | -€128,976 | -€248,217 | |
| Financial income | 75/76B | €482 | €402 | -€79 | -16.4% |
| Recurring financial income | 75 | €482 | €402 | -€79 | -16.4% |
| Financial charges | 65/66B | €10,292 | €8,224 | -€2,068 | -20.1% |
| Recurring financial charges | 65 | €10,292 | €8,224 | -€2,068 | -20.1% |
| Profit (loss) for the period before taxes | 9903 | €109,430 | -€136,798 | -€246,228 | |
| Profit (loss) for the period | 9904 | €109,430 | -€136,798 | -€246,228 | |
| Profit (loss) for the period to be appropriated | 9905 | €109,430 | -€136,798 | -€246,228 |
Source: filed annual accounts (NBB), fiscal years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.