Distri - Fransen: 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 - Fransen
Largest movements
- Cash +€108,035
up €108,035 (+165%), from €65,426 to €173,461
mainly Contributions, distributions and other (+€873,158) and Depreciation (+€95,551)
- Tangible fixed assets -€93,531
down €93,531 (-3.6%), from €2.6m to €2.5m
of which Land and buildings: -€94,918
- Receivables after one year +€48,811
up €48,811 (+26.2%), from €185,951 to €234,762
- Other debts -€513,334
down €513,334 (-99.9%), from €513,732 to €398
- Reserves +€506,734
up €506,734 (+93.6%), from €541,228 to €1.0m
of which Distributable reserves: +€481,853
- Contributions +€282,254
up €282,254 (+74.9%), from €377,000 to €659,254
- Debts after one year -€168,843
down €168,843 (-14.0%), from €1.2m to €1.0m
- Trade debts -€30,343
down €30,343 (-81.7%), from €37,126 to €6,783
- Gross operating margin -€53,057
down €53,057 (-27.5%), from €192,647 to €139,589
- Taxes +€25,015
up €25,015 (+514%), from €4,865 to €29,880
- Write-downs +€12,607
up €12,607 (+20.9%), from €60,200 to €72,807
- Financial charges -€3,660
down €3,660 (-20.6%), from €17,725 to €14,065
- Financial income +€2,734
up €2,734 (+53.6%), from €5,103 to €7,838
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 | €2,895,528 | €2,988,267 | +€92,740 | +3.2% |
| Fixed assets | 21/28 | €2,627,103 | €2,533,572 | -€93,531 | -3.6% |
| Tangible fixed assets | 22/27 | €2,627,103 | €2,533,572 | -€93,531 | -3.6% |
| Land and buildings | 22 | €2,627,103 | €2,532,185 | -€94,918 | -3.6% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | €1,388 | +€1,388 | |
| Current assets | 29/58 | €268,424 | €454,695 | +€186,271 | +69.4% |
| Amounts receivable after more than one year | 29 | €185,951 | €234,762 | +€48,811 | +26.2% |
| Other amounts receivable | 291 | €185,951 | €234,762 | +€48,811 | +26.2% |
| Amounts receivable within one year | 40/41 | €15,775 | €44,762 | +€28,988 | +184% |
| Trade receivables | 40 | €15,775 | €28,790 | +€13,015 | +82.5% |
| Other amounts receivable | 41 | €0 | €15,972 | +€15,972 | |
| Cash at bank and in hand | 54/58 | €65,426 | €173,461 | +€108,035 | +165% |
| Deferred charges and accrued income | 490/1 | €1,272 | €1,709 | +€437 | +34.3% |
| Total equity and liabilities | 10/49 | €2,895,528 | €2,988,267 | +€92,740 | +3.2% |
| Equity | 10/15 | €918,228 | €1,707,215 | +€788,988 | +85.9% |
| Contributions | 10/11 | €377,000 | €659,254 | +€282,254 | +74.9% |
| Capital | 10 | €377,000 | €659,254 | +€282,254 | +74.9% |
| Issued capital | 100 | €377,000 | €665,600 | +€288,600 | +76.6% |
| Uncalled capital | 101 | - | €6,346 | +€6,346 | |
| Reserves | 13 | €541,228 | €1,047,961 | +€506,734 | +93.6% |
| Non-distributable reserves | 130/1 | €24,920 | €24,920 | = | 0.0% |
| Legal reserve | 130 | €24,920 | €24,920 | = | 0.0% |
| Tax-exempt reserves | 132 | €174,072 | €198,954 | +€24,881 | +14.3% |
| Distributable reserves | 133 | €342,235 | €824,088 | +€481,853 | +141% |
| Provisions and deferred taxes | 16 | €51,774 | €49,350 | -€2,425 | -4.7% |
| Deferred taxes | 168 | €51,774 | €49,350 | -€2,425 | -4.7% |
| Amounts payable | 17/49 | €1,925,526 | €1,231,702 | -€693,824 | -36.0% |
| Amounts payable after more than one year | 17 | €1,202,563 | €1,033,721 | -€168,843 | -14.0% |
| Financial debts | 170/4 | €1,202,563 | €1,033,721 | -€168,843 | -14.0% |
| Amounts payable within one year | 42/48 | €722,963 | €197,982 | -€524,981 | -72.6% |
| Current portion of amounts payable after more than one year | 42 | €167,188 | €168,843 | +€1,655 | +1.0% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €37,126 | €6,783 | -€30,343 | -81.7% |
| Suppliers | 440/4 | €37,126 | €6,783 | -€30,343 | -81.7% |
| Taxes, remuneration and social security | 45 | €4,917 | €21,958 | +€17,041 | +347% |
| Taxes | 450/3 | €4,917 | €21,958 | +€17,041 | +347% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €513,732 | €398 | -€513,334 | -99.9% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €99,665 | €0 | -€99,665 | -100% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €94,918 | €95,551 | +€633 | +0.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €60,200 | €72,807 | +€12,607 | +20.9% |
| Other operating charges | 640/8 | €19,617 | €21,718 | +€2,101 | +10.7% |
| Gross operating margin | 9900 | €192,647 | €139,589 | -€53,057 | -27.5% |
| Operating profit (loss) | 9901 | €17,911 | -€50,487 | -€68,398 | |
| Financial income | 75/76B | €5,103 | €7,838 | +€2,734 | +53.6% |
| Recurring financial income | 75 | €5,103 | €7,838 | +€2,734 | +53.6% |
| Financial charges | 65/66B | €17,725 | €14,065 | -€3,660 | -20.6% |
| Recurring financial charges | 65 | €17,725 | €14,065 | -€3,660 | -20.6% |
| Profit (loss) for the period before taxes | 9903 | €5,290 | -€56,715 | -€62,004 | |
| Transfer from deferred taxes | 780 | €5,202 | €2,425 | -€2,778 | -53.4% |
| Income taxes | 67/77 | €4,865 | €29,880 | +€25,015 | +514% |
| Profit (loss) for the period | 9904 | €5,627 | -€84,170 | -€89,796 | |
| Transfer from tax-exempt reserves | 789 | €43,025 | €7,274 | -€35,751 | -83.1% |
| Profit (loss) for the period to be appropriated | 9905 | €48,652 | -€76,896 | -€125,548 |
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 30 October 2026 via checked.be.