CV 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.
CV DISTRIBUTION
Largest movements
- Cash +€58,030
up €58,030 (+128.5%), from €45,170 to €103,200
mainly Trade debts (+€99,283) and Net result for the year (+€12,353)
- Stocks and contracts +€8,732
up €8,732 (+57.4%), from €15,222 to €23,954
- Receivables within one year -€6,530
down €6,530 (-13.4%), from €48,584 to €42,054
of which Other amounts receivable: -€45,736
- Trade debts +€99,283
up €99,283 (+102.5%), from €96,859 to €196,142
- Other debts -€55,538
no longer reported in 2025 (was €55,538)
- Profit (loss) carried forward +€12,353
up €12,353 (+18.4%), from -€67,122 to -€54,769
- Tax, wage and social debts +€2,740
up €2,740 (+634.3%), from €432 to €3,172
- Gross operating margin +€5,501
up €5,501 (+67.4%), from €8,163 to €13,664
- Financial income -€5,065
down €5,065 (-78.7%), from €6,437 to €1,372
of which Non-recurring financial income: -€5,585
- Other operating charges +€501
up €501 (+138.1%), from €363 to €864
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 | €108,976 | €169,208 | +€60,232 | +55.3% |
| Current assets | 29/58 | €108,976 | €169,208 | +€60,232 | +55.3% |
| Stocks and contracts in progress | 3 | €15,222 | €23,954 | +€8,732 | +57.4% |
| Stocks | 30/36 | €15,222 | €23,954 | +€8,732 | +57.4% |
| Amounts receivable within one year | 40/41 | €48,584 | €42,054 | -€6,530 | -13.4% |
| Trade receivables | 40 | €2,848 | €42,054 | +€39,206 | +1376.6% |
| Other amounts receivable | 41 | €45,736 | - | -€45,736 | |
| Cash at bank and in hand | 54/58 | €45,170 | €103,200 | +€58,030 | +128.5% |
| Total equity and liabilities | 10/49 | €108,976 | €169,208 | +€60,232 | +55.3% |
| Equity | 10/15 | -€46,058 | -€33,705 | +€12,353 | +26.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €14,864 | €14,864 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €13,004 | €13,004 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€67,122 | -€54,769 | +€12,353 | +18.4% |
| Amounts payable | 17/49 | €155,034 | €202,913 | +€47,879 | +30.9% |
| Amounts payable within one year | 42/48 | €152,829 | €199,314 | +€46,485 | +30.4% |
| Trade debts | 44 | €96,859 | €196,142 | +€99,283 | +102.5% |
| Suppliers | 440/4 | €96,859 | €196,142 | +€99,283 | +102.5% |
| Taxes, remuneration and social security | 45 | €432 | €3,172 | +€2,740 | +634.3% |
| Taxes | 450/3 | €432 | €3,172 | +€2,740 | +634.3% |
| Other amounts payable | 47/48 | €55,538 | - | -€55,538 | |
| Accrued charges and deferred income | 492/3 | €2,205 | €3,599 | +€1,394 | +63.2% |
| Other operating charges | 640/8 | €363 | €864 | +€501 | +138.1% |
| Gross operating margin | 9900 | €8,163 | €13,664 | +€5,501 | +67.4% |
| Operating profit (loss) | 9901 | €7,800 | €12,800 | +€5,000 | +64.1% |
| Financial income | 75/76B | €6,437 | €1,372 | -€5,065 | -78.7% |
| Recurring financial income | 75 | €1 | €521 | +€520 | +52025.0% |
| Non-recurring financial income | 76B | €6,436 | €851 | -€5,585 | -86.8% |
| Financial charges | 65/66B | €1,720 | €1,819 | +€99 | +5.7% |
| Recurring financial charges | 65 | €1,720 | €1,819 | +€99 | +5.7% |
| Non-recurring financial charges | 66B | €1,720 | - | -€1,720 | |
| Profit (loss) for the period before taxes | 9903 | €12,517 | €12,353 | -€164 | -1.3% |
| Profit (loss) for the period | 9904 | €12,517 | €12,353 | -€164 | -1.3% |
| Profit (loss) for the period to be appropriated | 9905 | €12,517 | €12,353 | -€164 | -1.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.