DISTEGEM: 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.
DISTEGEM
Largest movements
- Tangible fixed assets -€34,832
down €34,832 (-5.4%), from €642,729 to €607,897
of which Land and buildings: -€32,478
- Current investments -€16,203
down €16,203 (-7.4%), from €220,000 to €203,798
- Receivables within one year +€11,500
new in 2025: €11,500
- Provisions -€30,068
down €30,068 (-51.8%), from €58,102 to €28,034
- Advances received -€14,194
down €14,194 (-6.3%), from €226,094 to €211,900
- Taxes +€36,410
up €36,410 (+345.1%), from €10,549 to €46,959
- Financial income +€2,754
up €2,754 (+75.0%), from €3,670 to €6,424
- Gross operating margin -€1,637
down €1,637 (-2.8%), from €59,168 to €57,531
- Depreciation -€703
down €703 (-1.9%), from €36,988 to €36,285
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 | €877,416 | €835,664 | -€41,751 | -4.8% |
| Fixed assets | 21/28 | €642,729 | €607,897 | -€34,832 | -5.4% |
| Tangible fixed assets | 22/27 | €642,729 | €607,897 | -€34,832 | -5.4% |
| Land and buildings | 22 | €610,444 | €577,966 | -€32,478 | -5.3% |
| Plant, machinery and equipment | 23 | €32,285 | €29,931 | -€2,354 | -7.3% |
| Current assets | 29/58 | €234,687 | €227,767 | -€6,920 | -2.9% |
| Amounts receivable within one year | 40/41 | - | €11,500 | +€11,500 | |
| Trade receivables | 40 | - | €11,500 | +€11,500 | |
| Current investments | 50/53 | €220,000 | €203,798 | -€16,203 | -7.4% |
| Cash at bank and in hand | 54/58 | €14,179 | €11,949 | -€2,230 | -15.7% |
| Deferred charges and accrued income | 490/1 | €508 | €521 | +€13 | +2.5% |
| Total equity and liabilities | 10/49 | €877,416 | €835,664 | -€41,751 | -4.8% |
| Equity | 10/15 | €572,429 | €573,228 | +€799 | +0.1% |
| Contributions | 10/11 | €123,947 | €123,947 | = | 0.0% |
| Reserves | 13 | €395,853 | €396,647 | +€794 | +0.2% |
| Tax-exempt reserves | 132 | €205,703 | €106,747 | -€98,956 | -48.1% |
| Distributable reserves | 133 | €190,150 | €289,900 | +€99,750 | +52.5% |
| Profit (loss) carried forward | 14 | €52,629 | €52,634 | +€5 | 0.0% |
| Provisions and deferred taxes | 16 | €58,102 | €28,034 | -€30,068 | -51.8% |
| Deferred taxes | 168 | €58,102 | €28,034 | -€30,068 | -51.8% |
| Amounts payable | 17/49 | €246,885 | €234,403 | -€12,482 | -5.1% |
| Amounts payable within one year | 42/48 | €246,885 | €234,403 | -€12,482 | -5.1% |
| Trade debts | 44 | €100 | €228 | +€128 | +128.3% |
| Suppliers | 440/4 | €100 | €228 | +€128 | +128.3% |
| Advances received on contracts in progress | 46 | €226,094 | €211,900 | -€14,194 | -6.3% |
| Taxes, remuneration and social security | 45 | €9,448 | €11,032 | +€1,584 | +16.8% |
| Taxes | 450/3 | €9,448 | €11,032 | +€1,584 | +16.8% |
| Other amounts payable | 47/48 | €11,243 | €11,243 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,988 | €36,285 | -€703 | -1.9% |
| Other operating charges | 640/8 | €9,225 | €9,515 | +€289 | +3.1% |
| Gross operating margin | 9900 | €59,168 | €57,531 | -€1,637 | -2.8% |
| Operating profit (loss) | 9901 | €12,955 | €11,732 | -€1,223 | -9.4% |
| Financial income | 75/76B | €3,670 | €6,424 | +€2,754 | +75.0% |
| Recurring financial income | 75 | €3,670 | €6,424 | +€2,754 | +75.0% |
| Financial charges | 65/66B | €460 | €466 | +€6 | +1.2% |
| Recurring financial charges | 65 | €460 | €466 | +€6 | +1.2% |
| Profit (loss) for the period before taxes | 9903 | €16,165 | €17,690 | +€1,525 | +9.4% |
| Transfer from deferred taxes | 780 | €1,627 | €30,068 | +€28,441 | +1747.8% |
| Income taxes | 67/77 | €10,549 | €46,959 | +€36,410 | +345.1% |
| Profit (loss) for the period | 9904 | €7,243 | €799 | -€6,444 | -89.0% |
| Transfer from tax-exempt reserves | 789 | €13,633 | €98,956 | +€85,323 | +625.8% |
| Profit (loss) for the period to be appropriated | 9905 | €20,876 | €99,755 | +€78,879 | +377.8% |
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 5 October 2026 via checked.be.