DISTRI-SOLUTION: 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-SOLUTION
Largest movements
- Tangible fixed assets -€85,483
down €85,483 (-4.6%), from €1.8m to €1.8m
of which Land and buildings: -€77,886
- Receivables within one year -€39,749
down €39,749 (-21.4%), from €186,082 to €146,333
of which Other amounts receivable: -€35,000
- Cash +€26,655
up €26,655 (+563.4%), from €4,731 to €31,386
mainly Other debts (+€200,015) and Depreciation (+€128,355)
- Other debts +€200,015
up €200,015 (+62504.7%), from €320 to €200,335
- Debts after one year -€185,701
down €185,701 (-18.9%), from €982,282 to €796,581
- Reserves -€101,000
down €101,000 (-14.9%), from €675,860 to €574,860
of which Distributable reserves: -€101,000
- Gross operating margin -€4,242
down €4,242 (-1.3%), from €323,031 to €318,789
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 | €2,037,584 | €1,939,007 | -€98,577 | -4.8% |
| Fixed assets | 21/28 | €1,846,771 | €1,761,288 | -€85,483 | -4.6% |
| Tangible fixed assets | 22/27 | €1,846,771 | €1,761,288 | -€85,483 | -4.6% |
| Land and buildings | 22 | €1,827,040 | €1,749,154 | -€77,886 | -4.3% |
| Plant, machinery and equipment | 23 | €4,224 | €5,298 | +€1,074 | +25.4% |
| Furniture and vehicles | 24 | €15,507 | €6,836 | -€8,671 | -55.9% |
| Current assets | 29/58 | €190,813 | €177,719 | -€13,094 | -6.9% |
| Amounts receivable within one year | 40/41 | €186,082 | €146,333 | -€39,749 | -21.4% |
| Trade receivables | 40 | €70,082 | €65,333 | -€4,749 | -6.8% |
| Other amounts receivable | 41 | €116,000 | €81,000 | -€35,000 | -30.2% |
| Cash at bank and in hand | 54/58 | €4,731 | €31,386 | +€26,655 | +563.4% |
| Total equity and liabilities | 10/49 | €2,037,584 | €1,939,007 | -€98,577 | -4.8% |
| Equity | 10/15 | €791,805 | €691,006 | -€100,799 | -12.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €675,860 | €574,860 | -€101,000 | -14.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €674,000 | €573,000 | -€101,000 | -15.0% |
| Profit (loss) carried forward | 14 | €97,345 | €97,546 | +€201 | +0.2% |
| Amounts payable | 17/49 | €1,245,779 | €1,248,001 | +€2,222 | +0.2% |
| Amounts payable after more than one year | 17 | €982,282 | €796,581 | -€185,701 | -18.9% |
| Financial debts | 170/4 | €982,282 | €796,581 | -€185,701 | -18.9% |
| Amounts payable within one year | 42/48 | €258,196 | €451,420 | +€193,224 | +74.8% |
| Current portion of amounts payable after more than one year | 42 | €183,434 | €185,701 | +€2,267 | +1.2% |
| Financial debts | 43 | €32,936 | €31,796 | -€1,140 | -3.5% |
| Credit institutions | 430/8 | €32,936 | €31,796 | -€1,140 | -3.5% |
| Taxes, remuneration and social security | 45 | €41,506 | €33,588 | -€7,918 | -19.1% |
| Taxes | 450/3 | €41,163 | €32,387 | -€8,776 | -21.3% |
| Remuneration and social security | 454/9 | €343 | €1,201 | +€858 | +250.1% |
| Other amounts payable | 47/48 | €320 | €200,335 | +€200,015 | +62504.7% |
| Accrued charges and deferred income | 492/3 | €5,301 | - | -€5,301 | |
| Remuneration, social security and pensions | 62 | €17,231 | €14,776 | -€2,455 | -14.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €125,486 | €128,355 | +€2,869 | +2.3% |
| Other operating charges | 640/8 | €7,534 | €8,065 | +€531 | +7.0% |
| Gross operating margin | 9900 | €323,031 | €318,789 | -€4,242 | -1.3% |
| Operating profit (loss) | 9901 | €172,780 | €167,593 | -€5,187 | -3.0% |
| Financial income | 75/76B | €89 | - | -€89 | |
| Recurring financial income | 75 | €89 | - | -€89 | |
| Financial charges | 65/66B | €16,387 | €14,328 | -€2,059 | -12.6% |
| Recurring financial charges | 65 | €16,387 | €14,328 | -€2,059 | -12.6% |
| Profit (loss) for the period before taxes | 9903 | €156,482 | €153,265 | -€3,217 | -2.1% |
| Income taxes | 67/77 | €51,861 | €54,064 | +€2,203 | +4.2% |
| Profit (loss) for the period | 9904 | €104,621 | €99,201 | -€5,420 | -5.2% |
| Profit (loss) for the period to be appropriated | 9905 | €104,621 | €99,201 | -€5,420 | -5.2% |
Source: filed annual accounts (NBB), fiscal years ended 29 February 2024 and 28 February 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.