DISTEEL: 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
DISTEEL
NACE 46.820, Wholesale trade
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€1.2m
2024 · -€1.2m+€6,402
Equity
€15.3m
2024 · €16.5m-€1.2m
Cash
€17,003
2024 · €28,953-€11,950
Balance sheet total
€33.1m
2024 · €35.7m-€2.6m
Largest movements
Assets
- Receivables within one year -€3.6m
down €3.6m (-17.5%), from €20.4m to €16.8m
of which Other amounts receivable: -€3.4m
- Stocks and contracts +€1.0m
up €1.0m (+9.4%), from €10.8m to €11.8m
Equity and liabilities
- Reserves -€4.4m
down €4.4m (-67.3%), from €6.5m to €2.1m
of which Tax-exempt reserves: -€4.4m
- Profit (loss) carried forward +€3.2m
up €3.2m (+65.8%), from -€4.8m to -€1.6m
- Trade debts -€1.4m
down €1.4m (-9.9%), from €13.8m to €12.4m
- Short-term financial debts -€553,367
down €553,367 (-17.4%), from €3.2m to €2.6m
- Provisions +€413,000
new in 2025: €413,000
Income statement
- Turnover +€9.7m
up €9.7m (+10.0%), from €96.9m to €106.6m
- Goods and materials +€6.7m
up €6.7m (+7.9%), from €85.0m to €91.7m
of which Purchases: +€7.4m
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
-€1.2m
Turnover
+€9.7m
Other operating income
-€886,742
Goods and materials
-€6.7m
Services and other goods
+€51,165
Staff costs
-€47,437
Depreciation
+€43,549
Write-downs
-€223,352
Provisions
-€413,000
Other operating charges
+€37,487
Other operating items
-€1.2m
Financial income
-€538,149
Financial charges
+€345,604
Taxes
-€175,293
Result 2025
-€1.2m
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
+€1.1m
Investment
-€524,875
Financing
-€553,367
Cash 2024
€28,953
From operations (derived)
+€1.1m
Net result for the year
-€1.2m
Depreciation
+€552,848
Stocks and contracts
-€1.0m
Receivables within one year
+€3.6m
Smaller working-capital items
-€5,802
Provisions
+€413,000
Trade debts
-€1.4m
Tax, wage and social debts
+€136,656
Investment (derived)
-€524,875
Investment in fixed assets (net)
-€524,875
Financing
-€553,367
Short-term financial debts
-€553,367
Cash 2025
€17,003
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €35,669,997 | €33,082,102 | -€2.6m | -7.3% |
| Fixed assets | 21/28 | €4,520,187 | €4,492,214 | -€27,973 | -0.6% |
| Intangible fixed assets | 21 | €413,644 | €352,540 | -€61,104 | -14.8% |
| Tangible fixed assets | 22/27 | €4,089,143 | €4,122,274 | +€33,131 | +0.8% |
| Land and buildings | 22 | €1,670,982 | €1,786,808 | +€115,826 | +6.9% |
| Plant, machinery and equipment | 23 | €2,300,955 | €2,171,765 | -€129,190 | -5.6% |
| Furniture and vehicles | 24 | €117,206 | €83,409 | -€33,797 | -28.8% |
| Assets under construction and advance payments | 27 | - | €80,292 | +€80,292 | |
| Financial fixed assets | 28 | €17,400 | €17,400 | = | 0.0% |
| Other financial fixed assets | 284/8 | €17,400 | €17,400 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €17,400 | €17,400 | = | 0.0% |
| Current assets | 29/58 | €31,149,810 | €28,589,888 | -€2.6m | -8.2% |
| Stocks and contracts in progress | 3 | €10,753,179 | €11,759,961 | +€1.0m | +9.4% |
| Stocks | 30/36 | €10,753,179 | €11,759,961 | +€1.0m | +9.4% |
| Raw materials and consumables | 30/31 | €148,483 | €138,829 | -€9,654 | -6.5% |
| Goods purchased for resale | 34 | €10,604,696 | €11,621,132 | +€1.0m | +9.6% |
| Amounts receivable within one year | 40/41 | €20,350,947 | €16,793,294 | -€3.6m | -17.5% |
| Trade receivables | 40 | €3,335,124 | €3,217,514 | -€117,610 | -3.5% |
| Other amounts receivable | 41 | €17,015,823 | €13,575,780 | -€3.4m | -20.2% |
| Cash at bank and in hand | 54/58 | €28,953 | €17,003 | -€11,950 | -41.3% |
| Deferred charges and accrued income | 490/1 | €16,730 | €19,630 | +€2,900 | +17.3% |
| Total equity and liabilities | 10/49 | €35,669,997 | €33,082,102 | -€2.6m | -7.3% |
| Equity | 10/15 | €16,533,075 | €15,311,108 | -€1.2m | -7.4% |
| Contributions | 10/11 | €14,832,000 | €14,832,000 | = | 0.0% |
| Capital | 10 | €14,832,000 | €14,832,000 | = | 0.0% |
| Issued capital | 100 | €14,832,000 | €14,832,000 | = | 0.0% |
| Reserves | 13 | €6,506,751 | €2,124,641 | -€4.4m | -67.3% |
| Non-distributable reserves | 130/1 | €1,983,200 | €1,483,200 | -€500,000 | -25.2% |
| Legal reserve | 130 | €1,483,200 | €1,483,200 | = | 0.0% |
| Other | 1319 | €500,000 | - | -€500,000 | |
| Tax-exempt reserves | 132 | €4,523,551 | €141,441 | -€4.4m | -96.9% |
| Distributable reserves | 133 | - | €500,000 | +€500,000 | |
| Profit (loss) carried forward | 14 | -€4,805,676 | -€1,645,533 | +€3.2m | +65.8% |
| Provisions and deferred taxes | 16 | - | €413,000 | +€413,000 | |
| Provisions for liabilities and charges | 160/5 | - | €413,000 | +€413,000 | |
| Other liabilities and charges | 164/5 | - | €413,000 | +€413,000 | |
| Amounts payable | 17/49 | €19,136,922 | €17,357,994 | -€1.8m | -9.3% |
| Amounts payable within one year | 42/48 | €19,136,922 | €17,357,994 | -€1.8m | -9.3% |
| Financial debts | 43 | €3,175,385 | €2,622,018 | -€553,367 | -17.4% |
| Other loans | 439 | €3,175,385 | €2,622,018 | -€553,367 | -17.4% |
| Trade debts | 44 | €13,797,963 | €12,438,649 | -€1.4m | -9.9% |
| Suppliers | 440/4 | €13,797,963 | €12,438,649 | -€1.4m | -9.9% |
| Taxes, remuneration and social security | 45 | €2,147,779 | €2,284,435 | +€136,656 | +6.4% |
| Taxes | 450/3 | €1,125,181 | €1,121,744 | -€3,436 | -0.3% |
| Remuneration and social security | 454/9 | €1,022,599 | €1,162,691 | +€140,092 | +13.7% |
| Other amounts payable | 47/48 | €15,794 | €12,892 | -€2,902 | -18.4% |
| Operating income | 70/76A | €101,524,287 | €109,196,445 | +€7.7m | +7.6% |
| Turnover | 70 | €96,868,701 | €106,562,679 | +€9.7m | +10.0% |
| Other operating income | 74 | €3,496,692 | €2,609,950 | -€886,742 | -25.4% |
| Non-recurring operating income | 76A | €1,158,894 | €23,816 | -€1.1m | -97.9% |
| Operating charges | 60/66A | €102,239,352 | €109,537,270 | +€7.3m | +7.1% |
| Goods for resale, raw materials and consumables | 60 | €85,002,990 | €91,728,412 | +€6.7m | +7.9% |
| Purchases | 600/8 | €85,313,778 | €92,748,398 | +€7.4m | +8.7% |
| Change in stocks: decrease (increase) | 609 | -€310,788 | -€1,019,985 | -€709,197 | -228.2% |
| Services and other goods | 61 | €9,133,648 | €9,082,483 | -€51,165 | -0.6% |
| Remuneration, social security and pensions | 62 | €7,473,113 | €7,520,550 | +€47,437 | +0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €596,397 | €552,848 | -€43,549 | -7.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€257,108 | -€33,756 | +€223,352 | +86.9% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €413,000 | +€413,000 | |
| Other operating charges | 640/8 | €290,312 | €252,825 | -€37,487 | -12.9% |
| Non-recurring operating charges | 66A | - | €20,908 | +€20,908 | |
| Operating profit (loss) | 9901 | -€715,065 | -€340,825 | +€374,240 | +52.3% |
| Financial income | 75/76B | €920,318 | €382,169 | -€538,149 | -58.5% |
| Recurring financial income | 75 | €920,318 | €382,169 | -€538,149 | -58.5% |
| Income from current assets | 751 | €916,939 | €378,984 | -€537,955 | -58.7% |
| Other financial income | 752/9 | €3,379 | €3,185 | -€194 | -5.8% |
| Financial charges | 65/66B | €1,310,483 | €964,879 | -€345,604 | -26.4% |
| Recurring financial charges | 65 | €1,310,483 | €964,879 | -€345,604 | -26.4% |
| Debt charges | 650 | €1,021,746 | €692,051 | -€329,696 | -32.3% |
| Other financial charges | 652/9 | €288,737 | €272,828 | -€15,909 | -5.5% |
| Profit (loss) for the period before taxes | 9903 | -€1,105,230 | -€923,536 | +€181,695 | +16.4% |
| Income taxes | 67/77 | €123,139 | €298,431 | +€175,293 | +142.4% |
| Taxes | 670/3 | €123,139 | €298,431 | +€175,293 | +142.4% |
| Profit (loss) for the period | 9904 | -€1,228,369 | -€1,221,967 | +€6,402 | +0.5% |
| Transfer from tax-exempt reserves | 789 | - | €4,382,110 | +€4.4m | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,228,369 | €3,160,143 | +€4.4m |
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.