DISTRI-O: 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-O
Largest movements
- Cash -€230,273
down €230,273 (-17.7%), from €1.3m to €1.1m
mainly Trade debts (-€452,284) and Debts after one year (-€229,206)
- Deferred charges and accrued income -€163,323
down €163,323 (-63.4%), from €257,773 to €94,450
- Stocks and contracts +€139,903
up €139,903 (+24.6%), from €567,782 to €707,685
- Tangible fixed assets -€125,248
down €125,248 (-10.8%), from €1.2m to €1.0m
of which Other tangible fixed assets: -€84,869
- Receivables within one year -€52,026
down €52,026 (-26.6%), from €195,738 to €143,712
of which Trade receivables: -€54,691
- Trade debts -€452,284
down €452,284 (-26.0%), from €1.7m to €1.3m
- Reserves +€229,963
up €229,963 (+149%), from €154,752 to €384,715
- Debts after one year -€229,206
down €229,206 (-16.8%), from €1.4m to €1.1m
- Gross operating margin +€458,734
up €458,734 (+57.0%), from €804,993 to €1.3m
- Financial charges +€215,690
up €215,690 (+322%), from €67,080 to €282,770
of which Non-recurring financial charges: +€201,098
- Taxes +€59,178
up €59,178 (+359%), from €16,466 to €75,645
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.
Derived cash bridge
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 | €3,655,929 | €3,204,483 | -€451,446 | -12.3% |
| Formation expenses | 20 | €23,505 | €16,672 | -€6,833 | -29.1% |
| Fixed assets | 21/28 | €1,312,485 | €1,173,590 | -€138,895 | -10.6% |
| Intangible fixed assets | 21 | €130,381 | €114,170 | -€16,212 | -12.4% |
| Tangible fixed assets | 22/27 | €1,161,229 | €1,035,981 | -€125,248 | -10.8% |
| Plant, machinery and equipment | 23 | €159,273 | €152,916 | -€6,358 | -4.0% |
| Furniture and vehicles | 24 | €17,724 | €20,845 | +€3,121 | +17.6% |
| Other tangible fixed assets | 26 | €947,089 | €862,221 | -€84,869 | -9.0% |
| Assets under construction and advance payments | 27 | €37,143 | €0 | -€37,143 | -100% |
| Financial fixed assets | 28 | €20,875 | €23,439 | +€2,564 | +12.3% |
| Current assets | 29/58 | €2,319,938 | €2,014,220 | -€305,718 | -13.2% |
| Stocks and contracts in progress | 3 | €567,782 | €707,685 | +€139,903 | +24.6% |
| Stocks | 30/36 | €567,782 | €707,685 | +€139,903 | +24.6% |
| Amounts receivable within one year | 40/41 | €195,738 | €143,712 | -€52,026 | -26.6% |
| Trade receivables | 40 | €103,515 | €48,824 | -€54,691 | -52.8% |
| Other amounts receivable | 41 | €92,223 | €94,888 | +€2,665 | +2.9% |
| Cash at bank and in hand | 54/58 | €1,298,645 | €1,068,373 | -€230,273 | -17.7% |
| Deferred charges and accrued income | 490/1 | €257,773 | €94,450 | -€163,323 | -63.4% |
| Total equity and liabilities | 10/49 | €3,655,929 | €3,204,483 | -€451,446 | -12.3% |
| Equity | 10/15 | €216,752 | €446,715 | +€229,963 | +106% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €154,752 | €384,715 | +€229,963 | +149% |
| Distributable reserves | 133 | €154,752 | €384,715 | +€229,963 | +149% |
| Amounts payable | 17/49 | €3,439,177 | €2,757,768 | -€681,409 | -19.8% |
| Amounts payable after more than one year | 17 | €1,366,453 | €1,137,247 | -€229,206 | -16.8% |
| Financial debts | 170/4 | €1,366,453 | €1,137,247 | -€229,206 | -16.8% |
| Amounts payable within one year | 42/48 | €2,046,683 | €1,609,438 | -€437,245 | -21.4% |
| Current portion of amounts payable after more than one year | 42 | €226,825 | €229,206 | +€2,381 | +1.0% |
| Trade debts | 44 | €1,739,198 | €1,286,914 | -€452,284 | -26.0% |
| Suppliers | 440/4 | €1,739,198 | €1,286,914 | -€452,284 | -26.0% |
| Taxes, remuneration and social security | 45 | €80,570 | €93,228 | +€12,658 | +15.7% |
| Taxes | 450/3 | - | €6,395 | +€6,395 | |
| Remuneration and social security | 454/9 | €80,570 | €86,833 | +€6,263 | +7.8% |
| Other amounts payable | 47/48 | €91 | €91 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €26,041 | €11,083 | -€14,958 | -57.4% |
| Non-recurring operating income | 76A | €32,373 | €19,687 | -€12,685 | -39.2% |
| Remuneration, social security and pensions | 62 | €472,490 | €478,961 | +€6,471 | +1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €174,542 | €186,151 | +€11,609 | +6.7% |
| Other operating charges | 640/8 | €17,602 | €16,851 | -€751 | -4.3% |
| Non-recurring operating charges | 66A | - | €159 | +€159 | |
| Gross operating margin | 9900 | €804,993 | €1,263,727 | +€458,734 | +57.0% |
| Operating profit (loss) | 9901 | €140,359 | €581,605 | +€441,246 | +314% |
| Financial income | 75/76B | €3,309 | €6,772 | +€3,463 | +105% |
| Recurring financial income | 75 | €3,309 | €6,772 | +€3,463 | +105% |
| Financial charges | 65/66B | €67,080 | €282,770 | +€215,690 | +322% |
| Recurring financial charges | 65 | €59,811 | €74,403 | +€14,592 | +24.4% |
| Non-recurring financial charges | 66B | €7,269 | €208,367 | +€201,098 | +2,766% |
| Profit (loss) for the period before taxes | 9903 | €76,588 | €305,607 | +€229,019 | +299% |
| Income taxes | 67/77 | €16,466 | €75,645 | +€59,178 | +359% |
| Profit (loss) for the period | 9904 | €60,122 | €229,963 | +€169,841 | +282% |
| Profit (loss) for the period to be appropriated | 9905 | €60,122 | €229,963 | +€169,841 | +282% |
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 15 October 2026 via checked.be.