DISTRIBECQ: 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.
DISTRIBECQ
Largest movements
- Cash -€142,952
down €142,952 (-37.2%), from €384,268 to €241,317
mainly Net result for the year (-€388,763) and Debts after one year (-€115,908)
- Deferred charges and accrued income +€91,418
up €91,418 (+357%), from €25,578 to €116,996
- Stocks and contracts +€76,951
up €76,951 (+16.2%), from €476,150 to €553,101
- Tangible fixed assets -€63,467
down €63,467 (-22.5%), from €281,825 to €218,358
of which Plant, machinery and equipment: -€48,114
- Receivables within one year +€41,042
up €41,042 (+18.5%), from €222,408 to €263,451
of which Other amounts receivable: +€105,533
- Trade debts +€446,515
up €446,515 (+42.2%), from €1.1m to €1.5m
- Profit (loss) carried forward -€388,763
down €388,763 (-173%), from -€224,747 to -€613,510
- Debts after one year -€115,908
down €115,908 (-71.4%), from €162,372 to €46,464
- Other debts +€62,500
new in 2025: €62,500
- Short-term financial debts -€22,588
down €22,588 (-18.4%), from €122,588 to €100,000
of which Credit institutions: -€122,588
- Gross operating margin +€248,456
up €248,456 (+97.6%), from €254,444 to €502,900
- Staff costs +€114,652
up €114,652 (+21.7%), from €527,944 to €642,596
- Financial charges +€46,435
up €46,435 (+73.8%), from €62,935 to €109,369
of which Financial charges: +€32,881
- Other operating charges -€12,130
down €12,130 (-27.1%), from €44,832 to €32,702
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 | €1,414,167 | €1,414,029 | -€138 | 0.0% |
| Formation expenses | 20 | €1,232 | €526 | -€706 | -57.3% |
| Fixed assets | 21/28 | €304,531 | €238,639 | -€65,892 | -21.6% |
| Tangible fixed assets | 22/27 | €281,825 | €218,358 | -€63,467 | -22.5% |
| Land and buildings | 22 | €17,578 | €14,306 | -€3,272 | -18.6% |
| Plant, machinery and equipment | 23 | €210,009 | €161,895 | -€48,114 | -22.9% |
| Furniture and vehicles | 24 | €11,351 | €12,136 | +€785 | +6.9% |
| Leasing and similar rights | 25 | €42,887 | €30,021 | -€12,866 | -30.0% |
| Financial fixed assets | 28 | €22,706 | €20,281 | -€2,425 | -10.7% |
| Current assets | 29/58 | €1,108,404 | €1,174,864 | +€66,460 | +6.0% |
| Stocks and contracts in progress | 3 | €476,150 | €553,101 | +€76,951 | +16.2% |
| Stocks | 30/36 | €476,150 | €553,101 | +€76,951 | +16.2% |
| Amounts receivable within one year | 40/41 | €222,408 | €263,451 | +€41,042 | +18.5% |
| Trade receivables | 40 | €85,838 | €21,348 | -€64,490 | -75.1% |
| Other amounts receivable | 41 | €136,570 | €242,103 | +€105,533 | +77.3% |
| Cash at bank and in hand | 54/58 | €384,268 | €241,317 | -€142,952 | -37.2% |
| Deferred charges and accrued income | 490/1 | €25,578 | €116,996 | +€91,418 | +357% |
| Total equity and liabilities | 10/49 | €1,414,167 | €1,414,029 | -€138 | 0.0% |
| Equity | 10/15 | -€92,747 | -€481,510 | -€388,763 | -419% |
| Contributions | 10/11 | €120,000 | €120,000 | = | 0.0% |
| Capital | 10 | €120,000 | €120,000 | = | 0.0% |
| Issued capital | 100 | €120,000 | €120,000 | = | 0.0% |
| Reserves | 13 | €12,000 | €12,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,000 | €12,000 | = | 0.0% |
| Legal reserve | 130 | €12,000 | €12,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€224,747 | -€613,510 | -€388,763 | -173% |
| Amounts payable | 17/49 | €1,506,914 | €1,895,539 | +€388,625 | +25.8% |
| Amounts payable after more than one year | 17 | €162,372 | €46,464 | -€115,908 | -71.4% |
| Financial debts | 170/4 | €162,372 | €46,464 | -€115,908 | -71.4% |
| Amounts payable within one year | 42/48 | €1,343,942 | €1,842,016 | +€498,074 | +37.1% |
| Current portion of amounts payable after more than one year | 42 | €113,553 | €118,311 | +€4,758 | +4.2% |
| Financial debts | 43 | €122,588 | €100,000 | -€22,588 | -18.4% |
| Credit institutions | 430/8 | €122,588 | €0 | -€122,588 | -100% |
| Other loans | 439 | - | €100,000 | +€100,000 | |
| Trade debts | 44 | €1,059,161 | €1,505,676 | +€446,515 | +42.2% |
| Suppliers | 440/4 | €1,059,161 | €1,505,676 | +€446,515 | +42.2% |
| Taxes, remuneration and social security | 45 | €48,639 | €55,528 | +€6,889 | +14.2% |
| Taxes | 450/3 | €398 | €130 | -€268 | -67.4% |
| Remuneration and social security | 454/9 | €48,241 | €55,399 | +€7,158 | +14.8% |
| Other amounts payable | 47/48 | - | €62,500 | +€62,500 | |
| Accrued charges and deferred income | 492/3 | €600 | €7,059 | +€6,459 | +1,076% |
| Non-recurring operating income | 76A | - | €20,156 | +€20,156 | |
| Remuneration, social security and pensions | 62 | €527,944 | €642,596 | +€114,652 | +21.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €85,073 | €87,607 | +€2,534 | +3.0% |
| Other operating charges | 640/8 | €44,832 | €32,702 | -€12,130 | -27.1% |
| Non-recurring operating charges | 66A | - | €25,700 | +€25,700 | |
| Gross operating margin | 9900 | €254,444 | €502,900 | +€248,456 | +97.6% |
| Operating profit (loss) | 9901 | -€403,405 | -€285,704 | +€117,701 | +29.2% |
| Financial income | 75/76B | €2,611 | €6,486 | +€3,875 | +148% |
| Recurring financial income | 75 | €2,611 | €6,486 | +€3,875 | +148% |
| Financial charges | 65/66B | €62,935 | €109,369 | +€46,435 | +73.8% |
| Recurring financial charges | 65 | €46,830 | €79,711 | +€32,881 | +70.2% |
| Non-recurring financial charges | 66B | €16,105 | €29,658 | +€13,553 | +84.2% |
| Profit (loss) for the period before taxes | 9903 | -€463,729 | -€388,587 | +€75,141 | +16.2% |
| Income taxes | 67/77 | €1,177 | €175 | -€1,001 | -85.1% |
| Profit (loss) for the period | 9904 | -€464,905 | -€388,763 | +€76,142 | +16.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€464,905 | -€388,763 | +€76,142 | +16.4% |
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 25 October 2026 via checked.be.