DISTRI STAR: 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 STAR
Largest movements
- Cash +€175,777
up €175,777 (+72.4%), from €242,782 to €418,559
mainly Net result for the year (+€279,747) and Depreciation (+€199,690)
- Tangible fixed assets +€147,641
up €147,641 (+24.0%), from €615,819 to €763,460
of which Furniture and vehicles: +€164,149
- Receivables within one year +€50,104
up €50,104 (+10.9%), from €461,107 to €511,211
of which Trade receivables: +€36,590
- Deferred charges and accrued income -€24,964
down €24,964 (-71.9%), from €34,718 to €9,753
- Profit (loss) carried forward +€110,552
up €110,552 (+46.5%), from €237,983 to €348,535
- Other debts +€105,581
up €105,581 (+110%), from €95,601 to €201,182
- Trade debts +€70,812
up €70,812 (+50.9%), from €139,168 to €209,980
- Current portion of long-term debt +€47,026
up €47,026 (+30.6%), from €153,868 to €200,895
- Gross operating margin +€526,828
up €526,828 (+39.9%), from €1.3m to €1.8m
- Staff costs +€124,783
up €124,783 (+14.6%), from €854,535 to €979,318
- Taxes +€66,710
up €66,710 (+260%), from €25,637 to €92,347
- Financial charges +€45,942
up €45,942 (+54.5%), from €84,346 to €130,287
- Other operating charges +€30,308
up €30,308 (+22.1%), from €136,902 to €167,210
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 | €1,368,217 | €1,717,516 | +€349,299 | +25.5% |
| Fixed assets | 21/28 | €629,610 | €777,993 | +€148,383 | +23.6% |
| Tangible fixed assets | 22/27 | €615,819 | €763,460 | +€147,641 | +24.0% |
| Plant, machinery and equipment | 23 | €9,132 | €5,434 | -€3,698 | -40.5% |
| Furniture and vehicles | 24 | €482,855 | €647,004 | +€164,149 | +34.0% |
| Other tangible fixed assets | 26 | €123,832 | €111,023 | -€12,810 | -10.3% |
| Financial fixed assets | 28 | €13,791 | €14,533 | +€742 | +5.4% |
| Current assets | 29/58 | €738,607 | €939,523 | +€200,916 | +27.2% |
| Amounts receivable within one year | 40/41 | €461,107 | €511,211 | +€50,104 | +10.9% |
| Trade receivables | 40 | €426,169 | €462,759 | +€36,590 | +8.6% |
| Other amounts receivable | 41 | €34,937 | €48,451 | +€13,514 | +38.7% |
| Cash at bank and in hand | 54/58 | €242,782 | €418,559 | +€175,777 | +72.4% |
| Deferred charges and accrued income | 490/1 | €34,718 | €9,753 | -€24,964 | -71.9% |
| Total equity and liabilities | 10/49 | €1,368,217 | €1,717,516 | +€349,299 | +25.5% |
| Equity | 10/15 | €439,972 | €559,384 | +€119,412 | +27.1% |
| Contributions | 10/11 | €27,500 | €36,360 | +€8,860 | +32.2% |
| Reserves | 13 | €174,488 | €174,488 | = | 0.0% |
| Distributable reserves | 133 | €174,488 | €174,488 | = | 0.0% |
| Profit (loss) carried forward | 14 | €237,983 | €348,535 | +€110,552 | +46.5% |
| Amounts payable | 17/49 | €928,245 | €1,158,132 | +€229,887 | +24.8% |
| Amounts payable after more than one year | 17 | €393,008 | €402,209 | +€9,200 | +2.3% |
| Financial debts | 170/4 | €393,008 | €402,209 | +€9,200 | +2.3% |
| Amounts payable within one year | 42/48 | €535,236 | €755,923 | +€220,687 | +41.2% |
| Current portion of amounts payable after more than one year | 42 | €153,868 | €200,895 | +€47,026 | +30.6% |
| Trade debts | 44 | €139,168 | €209,980 | +€70,812 | +50.9% |
| Suppliers | 440/4 | €139,168 | €209,980 | +€70,812 | +50.9% |
| Taxes, remuneration and social security | 45 | €146,599 | €143,866 | -€2,732 | -1.9% |
| Taxes | 450/3 | €36,525 | €34,770 | -€1,755 | -4.8% |
| Remuneration and social security | 454/9 | €110,074 | €109,097 | -€977 | -0.9% |
| Other amounts payable | 47/48 | €95,601 | €201,182 | +€105,581 | +110% |
| Remuneration, social security and pensions | 62 | €854,535 | €979,318 | +€124,783 | +14.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €170,091 | €199,690 | +€29,599 | +17.4% |
| Other operating charges | 640/8 | €136,902 | €167,210 | +€30,308 | +22.1% |
| Non-recurring operating charges | 66A | €4,657 | €58 | -€4,599 | -98.8% |
| Gross operating margin | 9900 | €1,321,801 | €1,848,629 | +€526,828 | +39.9% |
| Operating profit (loss) | 9901 | €155,617 | €502,353 | +€346,736 | +223% |
| Financial income | 75/76B | €3,388 | €29 | -€3,359 | -99.2% |
| Recurring financial income | 75 | €3,388 | €29 | -€3,359 | -99.2% |
| Financial charges | 65/66B | €84,346 | €130,287 | +€45,942 | +54.5% |
| Recurring financial charges | 65 | €84,346 | €130,287 | +€45,942 | +54.5% |
| Profit (loss) for the period before taxes | 9903 | €74,659 | €372,094 | +€297,435 | +398% |
| Income taxes | 67/77 | €25,637 | €92,347 | +€66,710 | +260% |
| Profit (loss) for the period | 9904 | €49,022 | €279,747 | +€230,725 | +471% |
| Profit (loss) for the period to be appropriated | 9905 | €49,022 | €279,747 | +€230,725 | +471% |
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 23 October 2026 via checked.be.