Distri4: 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.
Distri4
Largest movements
- Intangible fixed assets -€745,663
down €745,663 (-16.7%), from €4.5m to €3.7m
- Receivables within one year +€445,798
up €445,798 (+25.0%), from €1.8m to €2.2m
of which Other amounts receivable: +€447,062
- Financial fixed assets +€425,000
up €425,000 (+23.9%), from €1.8m to €2.2m
- Other debts +€279,115
up €279,115 (+7.9%), from €3.5m to €3.8m
- Short-term financial debts -€137,955
down €137,955 (-54.4%), from €253,651 to €115,696
- Debts after one year -€101,741
down €101,741 (-37.3%), from €272,860 to €171,119
- Financial income -€249,930
down €249,930 (-25.0%), from €1.0m to €750,077
- Staff costs +€123,569
up €123,569 (+49.0%), from €252,056 to €375,625
- Gross operating margin +€57,462
up €57,462 (+9.6%), from €600,705 to €658,166
- Financial charges -€24,313
down €24,313 (-9.2%), from €265,122 to €240,810
- Taxes -€13,364
down €13,364 (-58.9%), from €22,671 to €9,307
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,131,747 | €8,262,397 | +€130,650 | +1.6% |
| Fixed assets | 21/28 | €6,275,288 | €5,943,584 | -€331,703 | -5.3% |
| Intangible fixed assets | 21 | €4,473,976 | €3,728,313 | -€745,663 | -16.7% |
| Tangible fixed assets | 22/27 | €24,716 | €13,676 | -€11,041 | -44.7% |
| Plant, machinery and equipment | 23 | - | €3,740 | +€3,740 | |
| Furniture and vehicles | 24 | €24,716 | €9,936 | -€14,780 | -59.8% |
| Financial fixed assets | 28 | €1,776,595 | €2,201,595 | +€425,000 | +23.9% |
| Current assets | 29/58 | €1,856,460 | €2,318,813 | +€462,353 | +24.9% |
| Amounts receivable within one year | 40/41 | €1,785,828 | €2,231,626 | +€445,798 | +25.0% |
| Trade receivables | 40 | €124,582 | €123,318 | -€1,264 | -1.0% |
| Other amounts receivable | 41 | €1,661,246 | €2,108,308 | +€447,062 | +26.9% |
| Cash at bank and in hand | 54/58 | €66,126 | €74,672 | +€8,546 | +12.9% |
| Deferred charges and accrued income | 490/1 | €4,506 | €12,515 | +€8,010 | +178% |
| Total equity and liabilities | 10/49 | €8,131,747 | €8,262,397 | +€130,650 | +1.6% |
| Equity | 10/15 | €3,872,736 | €3,865,052 | -€7,685 | -0.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €3,854,136 | €3,846,452 | -€7,685 | -0.2% |
| Distributable reserves | 133 | €3,854,136 | €3,846,452 | -€7,685 | -0.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €4,259,011 | €4,397,346 | +€138,334 | +3.2% |
| Amounts payable after more than one year | 17 | €272,860 | €171,119 | -€101,741 | -37.3% |
| Financial debts | 170/4 | €272,860 | €171,119 | -€101,741 | -37.3% |
| Amounts payable within one year | 42/48 | €3,986,152 | €4,226,227 | +€240,076 | +6.0% |
| Current portion of amounts payable after more than one year | 42 | €97,104 | €101,741 | +€4,637 | +4.8% |
| Financial debts | 43 | €253,651 | €115,696 | -€137,955 | -54.4% |
| Credit institutions | 430/8 | €253,651 | €115,696 | -€137,955 | -54.4% |
| Trade debts | 44 | €2,859 | €40,615 | +€37,756 | +1,320% |
| Suppliers | 440/4 | €2,859 | €40,615 | +€37,756 | +1,320% |
| Taxes, remuneration and social security | 45 | €118,829 | €175,352 | +€56,522 | +47.6% |
| Taxes | 450/3 | €108,963 | €165,216 | +€56,253 | +51.6% |
| Remuneration and social security | 454/9 | €9,867 | €10,136 | +€269 | +2.7% |
| Other amounts payable | 47/48 | €3,513,708 | €3,792,823 | +€279,115 | +7.9% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €252,056 | €375,625 | +€123,569 | +49.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €758,354 | €760,847 | +€2,493 | +0.3% |
| Other operating charges | 640/8 | €29,651 | €29,339 | -€312 | -1.1% |
| Gross operating margin | 9900 | €600,705 | €658,166 | +€57,462 | +9.6% |
| Operating profit (loss) | 9901 | -€439,356 | -€507,645 | -€68,288 | -15.5% |
| Financial income | 75/76B | €1,000,007 | €750,077 | -€249,930 | -25.0% |
| Recurring financial income | 75 | €1,000,007 | €750,077 | -€249,930 | -25.0% |
| Financial charges | 65/66B | €265,122 | €240,810 | -€24,313 | -9.2% |
| Recurring financial charges | 65 | €265,122 | €240,810 | -€24,313 | -9.2% |
| Profit (loss) for the period before taxes | 9903 | €295,528 | €1,623 | -€293,905 | -99.5% |
| Income taxes | 67/77 | €22,671 | €9,307 | -€13,364 | -58.9% |
| Profit (loss) for the period | 9904 | €272,857 | -€7,685 | -€280,542 | |
| Profit (loss) for the period to be appropriated | 9905 | €272,857 | -€7,685 | -€280,542 |
Source: filed annual accounts (NBB), financial years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.