DISTRI-C: 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.
DISTRI-C
Largest movements
- Cash -€102,287
down €102,287 (-17.7%), from €578,632 to €476,345
mainly Debts after one year (-€160,298) and Stocks and contracts (-€87,903)
- Stocks and contracts +€87,903
up €87,903 (+22.7%), from €387,540 to €475,444
- Deferred charges and accrued income -€77,519
down €77,519 (-54.6%), from €142,020 to €64,501
- Debts after one year -€160,298
down €160,298 (-27.1%), from €591,231 to €430,933
- Reserves +€123,534
new in 2025: €123,534
- Trade debts -€85,772
down €85,772 (-9.8%), from €878,259 to €792,487
- Accrued charges and deferred income -€39,886
down €39,886 (-85.5%), from €46,656 to €6,770
- Tax, wage and social debts +€28,707
up €28,707 (+30.9%), from €92,775 to €121,482
of which Taxes: +€50,985
- Gross operating margin +€109,436
up €109,436 (+12.1%), from €905,780 to €1.0m
- Staff costs -€80,859
down €80,859 (-11.6%), from €696,097 to €615,238
- Financial charges +€51,093
up €51,093 (+65.4%), from €78,156 to €129,249
of which Non-recurring financial charges: +€42,909
- Taxes +€34,109
up €34,109 (+274.4%), from €12,432 to €46,541
- Other operating charges +€15,227
up €15,227 (+297.6%), from €5,116 to €20,342
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,827,039 | €1,694,713 | -€132,325 | -7.2% |
| Fixed assets | 21/28 | €621,510 | €592,419 | -€29,091 | -4.7% |
| Intangible fixed assets | 21 | €121,640 | €105,507 | -€16,133 | -13.3% |
| Tangible fixed assets | 22/27 | €498,370 | €485,413 | -€12,957 | -2.6% |
| Plant, machinery and equipment | 23 | €124,075 | €107,037 | -€17,038 | -13.7% |
| Furniture and vehicles | 24 | €2,562 | €26,722 | +€24,160 | +942.9% |
| Other tangible fixed assets | 26 | €371,733 | €351,654 | -€20,079 | -5.4% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €1,205,529 | €1,102,294 | -€103,235 | -8.6% |
| Stocks and contracts in progress | 3 | €387,540 | €475,444 | +€87,903 | +22.7% |
| Stocks | 30/36 | €387,540 | €475,444 | +€87,903 | +22.7% |
| Amounts receivable within one year | 40/41 | €97,337 | €86,004 | -€11,332 | -11.6% |
| Trade receivables | 40 | €73,265 | €73,284 | +€18 | 0.0% |
| Other amounts receivable | 41 | €24,071 | €12,721 | -€11,350 | -47.2% |
| Cash at bank and in hand | 54/58 | €578,632 | €476,345 | -€102,287 | -17.7% |
| Deferred charges and accrued income | 490/1 | €142,020 | €64,501 | -€77,519 | -54.6% |
| Total equity and liabilities | 10/49 | €1,827,039 | €1,694,713 | -€132,325 | -7.2% |
| Equity | 10/15 | €72,114 | €185,534 | +€113,420 | +157.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | - | €123,534 | +€123,534 | |
| Distributable reserves | 133 | - | €123,534 | +€123,534 | |
| Profit (loss) carried forward | 14 | €10,114 | €0 | -€10,114 | -100.0% |
| Amounts payable | 17/49 | €1,754,924 | €1,509,179 | -€245,745 | -14.0% |
| Amounts payable after more than one year | 17 | €591,231 | €430,933 | -€160,298 | -27.1% |
| Financial debts | 170/4 | €591,231 | €430,933 | -€160,298 | -27.1% |
| Amounts payable within one year | 42/48 | €1,117,037 | €1,071,476 | -€45,561 | -4.1% |
| Current portion of amounts payable after more than one year | 42 | €146,003 | €156,447 | +€10,444 | +7.2% |
| Trade debts | 44 | €878,259 | €792,487 | -€85,772 | -9.8% |
| Suppliers | 440/4 | €878,259 | €792,487 | -€85,772 | -9.8% |
| Taxes, remuneration and social security | 45 | €92,775 | €121,482 | +€28,707 | +30.9% |
| Taxes | 450/3 | €11,971 | €62,956 | +€50,985 | +425.9% |
| Remuneration and social security | 454/9 | €80,804 | €58,526 | -€22,278 | -27.6% |
| Other amounts payable | 47/48 | €0 | €1,060 | +€1,060 | |
| Accrued charges and deferred income | 492/3 | €46,656 | €6,770 | -€39,886 | -85.5% |
| Non-recurring operating income | 76A | €72,779 | €5,192 | -€67,587 | -92.9% |
| Remuneration, social security and pensions | 62 | €696,097 | €615,238 | -€80,859 | -11.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €77,215 | €84,838 | +€7,623 | +9.9% |
| Other operating charges | 640/8 | €5,116 | €20,342 | +€15,227 | +297.6% |
| Non-recurring operating charges | 66A | €750 | €13,351 | +€12,601 | +1680.2% |
| Gross operating margin | 9900 | €905,780 | €1,015,216 | +€109,436 | +12.1% |
| Operating profit (loss) | 9901 | €126,603 | €281,447 | +€154,844 | +122.3% |
| Financial income | 75/76B | €3,476 | €7,763 | +€4,286 | +123.3% |
| Recurring financial income | 75 | €3,476 | €7,763 | +€4,286 | +123.3% |
| Financial charges | 65/66B | €78,156 | €129,249 | +€51,093 | +65.4% |
| Recurring financial charges | 65 | €49,465 | €57,650 | +€8,184 | +16.5% |
| Non-recurring financial charges | 66B | €28,691 | €71,599 | +€42,909 | +149.6% |
| Profit (loss) for the period before taxes | 9903 | €51,923 | €159,961 | +€108,037 | +208.1% |
| Income taxes | 67/77 | €12,432 | €46,541 | +€34,109 | +274.4% |
| Profit (loss) for the period | 9904 | €39,491 | €113,420 | +€73,929 | +187.2% |
| Profit (loss) for the period to be appropriated | 9905 | €39,491 | €113,420 | +€73,929 | +187.2% |
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 9 October 2026 via checked.be.