DISTRI-SERVICES: what changed
Two fiscal 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-SERVICES
Largest movements
- Receivables within one year +€3.0m
up €3.0m (+134.2%), from €2.3m to €5.3m
of which Other amounts receivable: +€3.0m
- Financial fixed assets +€645,860
up €645,860 (+18.1%), from €3.6m to €4.2m
- Cash -€466,491
down €466,491 (-60.4%), from €771,963 to €305,472
mainly Receivables within one year (-€3.0m) and Contributions, distributions and other (-€792,829)
- Current investments +€400,000
up €400,000 (+1195.3%), from €33,466 to €433,466
of which Other investments: +€400,000
- Reserves +€2.4m
up €2.4m (+73.7%), from €3.3m to €5.7m
of which Distributable reserves: +€2.4m
- Other debts +€866,312
up €866,312 (+97.6%), from €888,022 to €1.8m
- Tax, wage and social debts +€308,453
up €308,453 (+1140.8%), from €27,038 to €335,491
- Financial income +€3.5m
up €3.5m (+13658.3%), from €25,680 to €3.5m
- Taxes +€332,462
new in 2025: €332,462
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,392,210 | €10,987,741 | +€3.6m | +48.6% |
| Fixed assets | 21/28 | €4,316,799 | €4,934,454 | +€617,655 | +14.3% |
| Tangible fixed assets | 22/27 | €743,531 | €715,326 | -€28,205 | -3.8% |
| Land and buildings | 22 | €743,531 | €715,326 | -€28,205 | -3.8% |
| Financial fixed assets | 28 | €3,573,268 | €4,219,128 | +€645,860 | +18.1% |
| Affiliated companies | 280/1 | €3,573,268 | €4,219,128 | +€645,860 | +18.1% |
| Participating interests | 280 | €3,573,268 | €4,219,128 | +€645,860 | +18.1% |
| Current assets | 29/58 | €3,075,411 | €6,053,287 | +€3.0m | +96.8% |
| Amounts receivable within one year | 40/41 | €2,268,874 | €5,313,176 | +€3.0m | +134.2% |
| Trade receivables | 40 | - | €182 | +€182 | |
| Other amounts receivable | 41 | €2,268,874 | €5,312,994 | +€3.0m | +134.2% |
| Current investments | 50/53 | €33,466 | €433,466 | +€400,000 | +1195.3% |
| Own shares | 50 | €33,466 | €33,466 | = | 0.0% |
| Other investments | 51/53 | - | €400,000 | +€400,000 | |
| Cash at bank and in hand | 54/58 | €771,963 | €305,472 | -€466,491 | -60.4% |
| Deferred charges and accrued income | 490/1 | €1,108 | €1,174 | +€65 | +5.9% |
| Total equity and liabilities | 10/49 | €7,392,210 | €10,987,741 | +€3.6m | +48.6% |
| Equity | 10/15 | €6,465,473 | €8,889,143 | +€2.4m | +37.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €3,287,546 | €5,711,217 | +€2.4m | +73.7% |
| Non-distributable reserves | 130/1 | €189,666 | €189,666 | = | 0.0% |
| Legal reserve | 130 | €156,200 | €156,200 | = | 0.0% |
| Own shares acquired | 1312 | €33,466 | €33,466 | = | 0.0% |
| Tax-exempt reserves | 132 | €10,591 | €7,554 | -€3,036 | -28.7% |
| Distributable reserves | 133 | €3,087,290 | €5,513,997 | +€2.4m | +78.6% |
| Profit (loss) carried forward | 14 | €3,115,926 | €3,115,926 | = | 0.0% |
| Provisions and deferred taxes | 16 | €5,533 | €3,970 | -€1,564 | -28.3% |
| Deferred taxes | 168 | €5,533 | €3,970 | -€1,564 | -28.3% |
| Amounts payable | 17/49 | €921,204 | €2,094,628 | +€1.2m | +127.4% |
| Amounts payable within one year | 42/48 | €919,899 | €2,094,024 | +€1.2m | +127.6% |
| Trade debts | 44 | €4,840 | €4,200 | -€640 | -13.2% |
| Suppliers | 440/4 | €4,840 | €4,200 | -€640 | -13.2% |
| Taxes, remuneration and social security | 45 | €27,038 | €335,491 | +€308,453 | +1140.8% |
| Taxes | 450/3 | €27,038 | €335,491 | +€308,453 | +1140.8% |
| Other amounts payable | 47/48 | €888,022 | €1,754,333 | +€866,312 | +97.6% |
| Accrued charges and deferred income | 492/3 | €1,304 | €604 | -€701 | -53.7% |
| Operating income | 70/76A | €108,240 | €118,156 | +€9,916 | +9.2% |
| Other operating income | 74 | €108,240 | €118,156 | +€9,916 | +9.2% |
| Operating charges | 60/66A | €109,593 | €58,916 | -€50,677 | -46.2% |
| Services and other goods | 61 | €19,681 | €21,096 | +€1,415 | +7.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €85,362 | €33,093 | -€52,269 | -61.2% |
| Other operating charges | 640/8 | €4,550 | €4,727 | +€177 | +3.9% |
| Operating profit (loss) | 9901 | -€1,353 | €59,240 | +€60,593 | |
| Financial income | 75/76B | €25,680 | €3,533,130 | +€3.5m | +13658.3% |
| Recurring financial income | 75 | €25,680 | €3,533,130 | +€3.5m | +13658.3% |
| Income from financial fixed assets | 750 | - | €3,498,337 | +€3.5m | |
| Income from current assets | 751 | €25,680 | €31,503 | +€5,823 | +22.7% |
| Other financial income | 752/9 | - | €3,290 | +€3,290 | |
| Financial charges | 65/66B | €40,554 | €44,972 | +€4,418 | +10.9% |
| Recurring financial charges | 65 | €40,554 | €44,972 | +€4,418 | +10.9% |
| Other financial charges | 652/9 | €40,554 | €44,972 | +€4,418 | +10.9% |
| Profit (loss) for the period before taxes | 9903 | -€16,227 | €3,547,398 | +€3.6m | |
| Transfer from deferred taxes | 780 | €1,564 | €1,564 | = | 0.0% |
| Income taxes | 67/77 | - | €332,462 | +€332,462 | |
| Taxes | 670/3 | - | €332,462 | +€332,462 | |
| Profit (loss) for the period | 9904 | -€14,664 | €3,216,500 | +€3.2m | |
| Transfer from tax-exempt reserves | 789 | €3,036 | €3,036 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,627 | €3,219,536 | +€3.2m |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.