DISTRAC: 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
DISTRAC
NACE 46.460, Wholesale of pharmaceutical and medical goods
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€197,879
2024 · €219,207-€21,328
Equity
€3.6m
2024 · €3.6m+€1,879
Cash
€118,125
2024 · €390,692-€272,567
Balance sheet total
€6.9m
2024 · €6.7m+€117,455
Largest movements
Assets
- Receivables within one year +€304,546
up €304,546 (+6.0%), from €5.0m to €5.3m
of which Other amounts receivable: +€225,577
- Cash -€272,567
down €272,567 (-69.8%), from €390,692 to €118,125
mainly Receivables within one year (-€304,546) and Contributions, distributions and other (-€196,000)
- Financial fixed assets +€72,080
up €72,080 (+63.7%), from €113,125 to €185,205
Equity and liabilities
- Short-term financial debts +€322,080
up €322,080 (+21.5%), from €1.5m to €1.8m
of which Credit institutions: +€250,000
- Trade debts -€184,279
down €184,279 (-20.5%), from €897,083 to €712,803
Income statement
- Gross operating margin -€65,700
down €65,700 (-5.0%), from €1.3m to €1.2m
- Staff costs -€20,966
down €20,966 (-2.2%), from €965,389 to €944,423
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
€219,207
Gross operating margin
-€65,700
Staff costs
+€20,966
Depreciation
+€6,505
Write-downs
-€12,508
Other operating charges
+€12,492
Other operating items
+€840
Financial income
+€10,589
Financial charges
+€1,709
Taxes
+€3,780
Result 2025
€197,879
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
-€196,625
Investment
-€177,799
Financing
+€101,857
Cash 2024
€390,692
From operations (derived)
-€196,625
Net result for the year
+€197,879
Depreciation
+€96,724
Receivables after one year
-€17,583
Stocks and contracts
-€2,745
Receivables within one year
-€304,546
Deferred charges and accrued income
+€15,927
Trade debts
-€184,279
Tax, wage and social debts
-€31,040
Advances received
+€21,256
Other debts
-€23,000
Accrued charges and deferred income
+€34,783
Investment (derived)
-€177,799
Investment in fixed assets (net)
-€177,799
Financing
+€101,857
Debts after one year
-€25,294
Current portion of long-term debt
+€1,071
Short-term financial debts
+€322,080
Contributions, distributions and other
-€196,000
Cash 2025
€118,125
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,740,362 | €6,857,816 | +€117,455 | +1.7% |
| Fixed assets | 21/28 | €470,580 | €551,655 | +€81,075 | +17.2% |
| Intangible fixed assets | 21 | €205,526 | €257,255 | +€51,730 | +25.2% |
| Tangible fixed assets | 22/27 | €151,930 | €109,195 | -€42,735 | -28.1% |
| Plant, machinery and equipment | 23 | €7,188 | €6,989 | -€199 | -2.8% |
| Furniture and vehicles | 24 | €45,409 | €25,592 | -€19,817 | -43.6% |
| Leasing and similar rights | 25 | €84,426 | €64,433 | -€19,993 | -23.7% |
| Other tangible fixed assets | 26 | €14,907 | €12,182 | -€2,726 | -18.3% |
| Financial fixed assets | 28 | €113,125 | €185,205 | +€72,080 | +63.7% |
| Current assets | 29/58 | €6,269,781 | €6,306,161 | +€36,380 | +0.6% |
| Amounts receivable after more than one year | 29 | - | €17,583 | +€17,583 | |
| Other amounts receivable | 291 | - | €17,583 | +€17,583 | |
| Stocks and contracts in progress | 3 | €798,369 | €801,114 | +€2,745 | +0.3% |
| Stocks | 30/36 | €798,369 | €801,114 | +€2,745 | +0.3% |
| Amounts receivable within one year | 40/41 | €5,037,040 | €5,341,587 | +€304,546 | +6.0% |
| Trade receivables | 40 | €1,437,201 | €1,516,171 | +€78,969 | +5.5% |
| Other amounts receivable | 41 | €3,599,839 | €3,825,416 | +€225,577 | +6.3% |
| Cash at bank and in hand | 54/58 | €390,692 | €118,125 | -€272,567 | -69.8% |
| Deferred charges and accrued income | 490/1 | €43,679 | €27,752 | -€15,927 | -36.5% |
| Total equity and liabilities | 10/49 | €6,740,362 | €6,857,816 | +€117,455 | +1.7% |
| Equity | 10/15 | €3,616,061 | €3,617,940 | +€1,879 | +0.1% |
| Contributions | 10/11 | €210,700 | €210,700 | = | 0.0% |
| Capital | 10 | €210,700 | €210,700 | = | 0.0% |
| Issued capital | 100 | €210,700 | €210,700 | = | 0.0% |
| Reserves | 13 | €3,405,361 | €3,407,240 | +€1,879 | +0.1% |
| Non-distributable reserves | 130/1 | €21,070 | €21,070 | = | 0.0% |
| Legal reserve | 130 | €21,070 | €21,070 | = | 0.0% |
| Distributable reserves | 133 | €3,384,291 | €3,386,170 | +€1,879 | +0.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €3,124,301 | €3,239,877 | +€115,576 | +3.7% |
| Amounts payable after more than one year | 17 | €56,866 | €31,572 | -€25,294 | -44.5% |
| Financial debts | 170/4 | €56,866 | €31,572 | -€25,294 | -44.5% |
| Amounts payable within one year | 42/48 | €3,009,564 | €3,115,652 | +€106,087 | +3.5% |
| Current portion of amounts payable after more than one year | 42 | €24,223 | €25,294 | +€1,071 | +4.4% |
| Financial debts | 43 | €1,500,000 | €1,822,080 | +€322,080 | +21.5% |
| Credit institutions | 430/8 | €1,500,000 | €1,750,000 | +€250,000 | +16.7% |
| Other loans | 439 | - | €72,080 | +€72,080 | |
| Trade debts | 44 | €897,083 | €712,803 | -€184,279 | -20.5% |
| Suppliers | 440/4 | €897,083 | €712,803 | -€184,279 | -20.5% |
| Advances received on contracts in progress | 46 | €47,994 | €69,250 | +€21,256 | +44.3% |
| Taxes, remuneration and social security | 45 | €321,264 | €290,224 | -€31,040 | -9.7% |
| Taxes | 450/3 | €124,504 | €160,499 | +€35,996 | +28.9% |
| Remuneration and social security | 454/9 | €196,760 | €129,725 | -€67,035 | -34.1% |
| Other amounts payable | 47/48 | €219,000 | €196,000 | -€23,000 | -10.5% |
| Accrued charges and deferred income | 492/3 | €57,871 | €92,653 | +€34,783 | +60.1% |
| Non-recurring operating income | 76A | €63,369 | €50,052 | -€13,317 | -21.0% |
| Remuneration, social security and pensions | 62 | €965,389 | €944,423 | -€20,966 | -2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €103,229 | €96,724 | -€6,505 | -6.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€57 | €12,451 | +€12,508 | |
| Other operating charges | 640/8 | €31,381 | €18,889 | -€12,492 | -39.8% |
| Non-recurring operating charges | 66A | €1,019 | €179 | -€840 | -82.4% |
| Gross operating margin | 9900 | €1,308,843 | €1,243,143 | -€65,700 | -5.0% |
| Operating profit (loss) | 9901 | €207,882 | €170,477 | -€37,406 | -18.0% |
| Financial income | 75/76B | €40,479 | €51,068 | +€10,589 | +26.2% |
| Recurring financial income | 75 | €40,479 | €51,068 | +€10,589 | +26.2% |
| Financial charges | 65/66B | €23,779 | €22,070 | -€1,709 | -7.2% |
| Recurring financial charges | 65 | €23,779 | €22,070 | -€1,709 | -7.2% |
| Profit (loss) for the period before taxes | 9903 | €224,583 | €199,474 | -€25,108 | -11.2% |
| Income taxes | 67/77 | €5,376 | €1,596 | -€3,780 | -70.3% |
| Profit (loss) for the period | 9904 | €219,207 | €197,879 | -€21,328 | -9.7% |
| Profit (loss) for the period to be appropriated | 9905 | €219,207 | €197,879 | -€21,328 | -9.7% |
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.