DEAL & 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
DEAL & DISTRIBUTION
NACE 46.499, Wholesale of other household goods
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€47,081
2024 · €13,770-€60,851
Equity
€148,191
2024 · €195,272-€47,081
Cash
€33,355
2024 · €32,100+€1,255
Balance sheet total
€928,810
2024 · €890,819+€37,991
Largest movements
Assets
- Receivables after one year +€73,716
new in 2025: €73,716
- Receivables within one year -€28,607
down €28,607 (-13.5%), from €212,234 to €183,627
of which Other amounts receivable: -€39,873
- Stocks and contracts -€13,982
down €13,982 (-5.5%), from €253,929 to €239,948
Equity and liabilities
- Debts after one year +€45,480
up €45,480 (+18.5%), from €246,325 to €291,805
- Profit (loss) carried forward -€42,895
down €42,895, from €10,984 to -€31,911
- Trade debts +€38,750
up €38,750 (+16.4%), from €236,196 to €274,946
- Current portion of long-term debt +€18,285
up €18,285 (+65.5%), from €27,924 to €46,209
- Short-term financial debts -€10,000
down €10,000 (-12.5%), from €80,000 to €70,000
Income statement
- Staff costs +€65,839
up €65,839 (+34.1%), from €193,180 to €259,019
- Taxes -€10,874
down €10,874 (-100.0%), from €10,875 to €0
- Financial charges +€7,976
up €7,976 (+38.0%), from €20,987 to €28,963
of which Financial charges: +€7,903
- Gross operating margin +€5,390
up €5,390 (+2.0%), from €265,051 to €270,441
- Other operating charges +€3,153
up €3,153 (+172.2%), from €1,831 to €4,983
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
€13,770
Gross operating margin
+€5,390
Staff costs
-€65,839
Depreciation
-€1,332
Other operating charges
-€3,153
Financial income
+€1,185
Financial charges
-€7,976
Taxes
+€10,874
Result 2025
-€47,081
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.
From operations
-€21,910
Investment
-€30,600
Financing
+€53,765
Cash 2024
€32,100
From operations (derived)
-€21,910
Net result for the year
-€47,081
Depreciation
+€27,585
Receivables after one year
-€73,716
Stocks and contracts
+€13,982
Receivables within one year
+€28,607
Deferred charges and accrued income
-€2,594
Provisions
-€1,395
Trade debts
+€38,750
Tax, wage and social debts
-€9,451
Other debts
+€3,382
Accrued charges and deferred income
+€21
Investment (derived)
-€30,600
Investment in fixed assets (net)
-€30,600
Financing
+€53,765
Debts after one year
+€45,480
Current portion of long-term debt
+€18,285
Short-term financial debts
-€10,000
Cash 2025
€33,355
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €890,819 | €928,810 | +€37,991 | +4.3% |
| Fixed assets | 21/28 | €390,565 | €393,580 | +€3,015 | +0.8% |
| Tangible fixed assets | 22/27 | €390,515 | €393,580 | +€3,065 | +0.8% |
| Land and buildings | 22 | €350,938 | €345,521 | -€5,416 | -1.5% |
| Plant, machinery and equipment | 23 | €14,244 | €12,215 | -€2,029 | -14.2% |
| Furniture and vehicles | 24 | €16,052 | €30,963 | +€14,910 | +92.9% |
| Leasing and similar rights | 25 | €4,581 | €181 | -€4,400 | -96.1% |
| Other tangible fixed assets | 26 | €4,700 | €4,700 | = | 0.0% |
| Financial fixed assets | 28 | €50 | - | -€50 | |
| Current assets | 29/58 | €500,253 | €535,230 | +€34,976 | +7.0% |
| Amounts receivable after more than one year | 29 | - | €73,716 | +€73,716 | |
| Other amounts receivable | 291 | - | €73,716 | +€73,716 | |
| Stocks and contracts in progress | 3 | €253,929 | €239,948 | -€13,982 | -5.5% |
| Stocks | 30/36 | €253,929 | €239,948 | -€13,982 | -5.5% |
| Amounts receivable within one year | 40/41 | €212,234 | €183,627 | -€28,607 | -13.5% |
| Trade receivables | 40 | €156,184 | €167,449 | +€11,266 | +7.2% |
| Other amounts receivable | 41 | €56,050 | €16,177 | -€39,873 | -71.1% |
| Cash at bank and in hand | 54/58 | €32,100 | €33,355 | +€1,255 | +3.9% |
| Deferred charges and accrued income | 490/1 | €1,990 | €4,584 | +€2,594 | +130.3% |
| Total equity and liabilities | 10/49 | €890,819 | €928,810 | +€37,991 | +4.3% |
| Equity | 10/15 | €195,272 | €148,191 | -€47,081 | -24.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €171,888 | €167,703 | -€4,185 | -2.4% |
| Tax-exempt reserves | 132 | €99,489 | €95,304 | -€4,185 | -4.2% |
| Distributable reserves | 133 | €72,399 | €72,399 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,984 | -€31,911 | -€42,895 | |
| Provisions and deferred taxes | 16 | €33,163 | €31,768 | -€1,395 | -4.2% |
| Deferred taxes | 168 | €33,163 | €31,768 | -€1,395 | -4.2% |
| Amounts payable | 17/49 | €662,384 | €748,851 | +€86,467 | +13.1% |
| Amounts payable after more than one year | 17 | €246,325 | €291,805 | +€45,480 | +18.5% |
| Financial debts | 170/4 | €246,325 | €291,805 | +€45,480 | +18.5% |
| Amounts payable within one year | 42/48 | €416,059 | €457,024 | +€40,966 | +9.8% |
| Current portion of amounts payable after more than one year | 42 | €27,924 | €46,209 | +€18,285 | +65.5% |
| Financial debts | 43 | €80,000 | €70,000 | -€10,000 | -12.5% |
| Credit institutions | 430/8 | €80,000 | €70,000 | -€10,000 | -12.5% |
| Trade debts | 44 | €236,196 | €274,946 | +€38,750 | +16.4% |
| Suppliers | 440/4 | €236,196 | €274,946 | +€38,750 | +16.4% |
| Taxes, remuneration and social security | 45 | €62,900 | €53,449 | -€9,451 | -15.0% |
| Taxes | 450/3 | €33,389 | €23,816 | -€9,573 | -28.7% |
| Remuneration and social security | 454/9 | €29,511 | €29,633 | +€122 | +0.4% |
| Other amounts payable | 47/48 | €9,039 | €12,421 | +€3,382 | +37.4% |
| Accrued charges and deferred income | 492/3 | - | €21 | +€21 | |
| Remuneration, social security and pensions | 62 | €193,180 | €259,019 | +€65,839 | +34.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,253 | €27,585 | +€1,332 | +5.1% |
| Other operating charges | 640/8 | €1,831 | €4,983 | +€3,153 | +172.2% |
| Gross operating margin | 9900 | €265,051 | €270,441 | +€5,390 | +2.0% |
| Operating profit (loss) | 9901 | €43,788 | -€21,146 | -€64,934 | |
| Financial income | 75/76B | €449 | €1,634 | +€1,185 | +264.2% |
| Recurring financial income | 75 | €449 | €1,634 | +€1,185 | +264.2% |
| Financial charges | 65/66B | €20,987 | €28,963 | +€7,976 | +38.0% |
| Recurring financial charges | 65 | €20,987 | €28,889 | +€7,903 | +37.7% |
| Non-recurring financial charges | 66B | - | €74 | +€74 | |
| Profit (loss) for the period before taxes | 9903 | €23,249 | -€48,475 | -€71,725 | |
| Transfer from deferred taxes | 780 | €1,395 | €1,395 | = | 0.0% |
| Income taxes | 67/77 | €10,875 | €0 | -€10,874 | -100.0% |
| Profit (loss) for the period | 9904 | €13,770 | -€47,081 | -€60,851 | |
| Transfer from tax-exempt reserves | 789 | €4,185 | €4,185 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €17,955 | -€42,895 | -€60,851 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.