DISTR'ACTION: 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.
DISTR'ACTION
Largest movements
- Receivables within one year +€7,523
up €7,523 (+10.8%), from €69,391 to €76,913
of which Trade receivables: +€22,761
- Cash +€2,836
up €2,836 (+40.5%), from €7,008 to €9,844
mainly Trade debts (+€18,882) and Net result for the year (+€6,743)
- Tangible fixed assets -€2,187
no longer reported in 2025 (was €2,187)
- Trade debts +€18,882
up €18,882 (+9,251%), from €204 to €19,086
- Profit (loss) carried forward -€7,542
down €7,542 (-18.4%), from €40,971 to €33,429
- Current portion of long-term debt -€3,012
no longer reported in 2025 (was €3,012)
- Other debts -€1,864
down €1,864 (-11.5%), from €16,149 to €14,286
- Tax, wage and social debts +€1,468
up €1,468 (+12.6%), from €11,613 to €13,081
of which Taxes: +€780
- Gross operating margin -€7,837
down €7,837 (-37.8%), from €20,753 to €12,916
- Depreciation -€5,993
down €5,993 (-73.3%), from €8,181 to €2,187
- Staff costs +€2,309
new in 2025: €2,309
- Other operating charges -€1,718
down €1,718 (-64.8%), from €2,653 to €934
- Taxes -€1,025
down €1,025 (-25.2%), from €4,070 to €3,045
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.
Derived cash bridge
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 | €80,174 | €87,938 | +€7,765 | +9.7% |
| Fixed assets | 21/28 | €2,417 | €230 | -€2,187 | -90.5% |
| Tangible fixed assets | 22/27 | €2,187 | - | -€2,187 | |
| Furniture and vehicles | 24 | €2,187 | - | -€2,187 | |
| Financial fixed assets | 28 | €230 | €230 | = | 0.0% |
| Current assets | 29/58 | €77,756 | €87,708 | +€9,952 | +12.8% |
| Amounts receivable within one year | 40/41 | €69,391 | €76,913 | +€7,523 | +10.8% |
| Trade receivables | 40 | €13,111 | €35,872 | +€22,761 | +174% |
| Other amounts receivable | 41 | €56,280 | €41,042 | -€15,238 | -27.1% |
| Cash at bank and in hand | 54/58 | €7,008 | €9,844 | +€2,836 | +40.5% |
| Deferred charges and accrued income | 490/1 | €1,358 | €951 | -€407 | -30.0% |
| Total equity and liabilities | 10/49 | €80,174 | €87,938 | +€7,765 | +9.7% |
| Equity | 10/15 | €49,028 | €41,485 | -€7,542 | -15.4% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €40,971 | €33,429 | -€7,542 | -18.4% |
| Amounts payable | 17/49 | €31,146 | €46,453 | +€15,307 | +49.1% |
| Amounts payable within one year | 42/48 | €30,978 | €46,453 | +€15,475 | +50.0% |
| Current portion of amounts payable after more than one year | 42 | €3,012 | - | -€3,012 | |
| Trade debts | 44 | €204 | €19,086 | +€18,882 | +9,251% |
| Suppliers | 440/4 | €204 | €19,086 | +€18,882 | +9,251% |
| Taxes, remuneration and social security | 45 | €11,613 | €13,081 | +€1,468 | +12.6% |
| Taxes | 450/3 | €11,613 | €12,392 | +€780 | +6.7% |
| Remuneration and social security | 454/9 | - | €689 | +€689 | |
| Other amounts payable | 47/48 | €16,149 | €14,286 | -€1,864 | -11.5% |
| Accrued charges and deferred income | 492/3 | €168 | - | -€168 | |
| Remuneration, social security and pensions | 62 | - | €2,309 | +€2,309 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,181 | €2,187 | -€5,993 | -73.3% |
| Other operating charges | 640/8 | €2,653 | €934 | -€1,718 | -64.8% |
| Gross operating margin | 9900 | €20,753 | €12,916 | -€7,837 | -37.8% |
| Operating profit (loss) | 9901 | €9,920 | €7,486 | -€2,434 | -24.5% |
| Financial income | 75/76B | €3,473 | €2,961 | -€512 | -14.7% |
| Recurring financial income | 75 | €3,473 | €2,961 | -€512 | -14.7% |
| Financial charges | 65/66B | €300 | €658 | +€358 | +119% |
| Recurring financial charges | 65 | €300 | €658 | +€358 | +119% |
| Profit (loss) for the period before taxes | 9903 | €13,093 | €9,788 | -€3,305 | -25.2% |
| Income taxes | 67/77 | €4,070 | €3,045 | -€1,025 | -25.2% |
| Profit (loss) for the period | 9904 | €9,023 | €6,743 | -€2,279 | -25.3% |
| Profit (loss) for the period to be appropriated | 9905 | €9,023 | €6,743 | -€2,279 | -25.3% |
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 27 October 2026 via checked.be.