DISTRIBEL: 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.
DISTRIBEL
Largest movements
- Current investments +€900,000
new in 2025: €900,000
- Cash -€632,592
down €632,592 (-73.2%), from €864,644 to €232,052
mainly Current investments (-€900,000) and Contributions, distributions and other (-€158,847)
- Receivables within one year -€244,878
down €244,878 (-56.1%), from €436,863 to €191,986
of which Trade receivables: -€244,878
- Other debts +€156,143
up €156,143 (+213%), from €73,286 to €229,429
- Reserves -€98,588
down €98,588 (-9.5%), from €1.0m to €935,420
of which Distributable reserves: -€96,729
- Tax, wage and social debts -€26,422
down €26,422 (-42.5%), from €62,176 to €35,753
- Trade debts -€19,438
down €19,438 (-18.9%), from €102,585 to €83,147
- Gross operating margin +€14,159
up €14,159 (+22.8%), from €61,977 to €76,136
- Financial charges -€13,414
down €13,414 (-70.8%), from €18,939 to €5,525
of which Financial charges: -€13,414
- Taxes +€9,471
up €9,471 (+46.7%), from €20,268 to €29,739
- Financial income +€3,109
up €3,109 (+10.2%), from €30,515 to €33,623
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 | €1,328,257 | €1,339,952 | +€11,695 | +0.9% |
| Fixed assets | 21/28 | €26,749 | €14,151 | -€12,598 | -47.1% |
| Tangible fixed assets | 22/27 | €26,749 | €14,151 | -€12,598 | -47.1% |
| Furniture and vehicles | 24 | €26,749 | €14,151 | -€12,598 | -47.1% |
| Current assets | 29/58 | €1,301,508 | €1,325,801 | +€24,293 | +1.9% |
| Amounts receivable within one year | 40/41 | €436,863 | €191,986 | -€244,878 | -56.1% |
| Trade receivables | 40 | €436,844 | €191,966 | -€244,878 | -56.1% |
| Other amounts receivable | 41 | €20 | €20 | = | 0.0% |
| Current investments | 50/53 | - | €900,000 | +€900,000 | |
| Cash at bank and in hand | 54/58 | €864,644 | €232,052 | -€632,592 | -73.2% |
| Deferred charges and accrued income | 490/1 | - | €1,764 | +€1,764 | |
| Total equity and liabilities | 10/49 | €1,328,257 | €1,339,952 | +€11,695 | +0.9% |
| Equity | 10/15 | €1,090,211 | €991,623 | -€98,588 | -9.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,034,007 | €935,420 | -€98,588 | -9.5% |
| Non-distributable reserves | 130/1 | €1,859 | €0 | -€1,859 | -100% |
| Reserves not available under the articles | 1311 | €1,859 | €0 | -€1,859 | -100% |
| Distributable reserves | 133 | €1,032,148 | €935,420 | -€96,729 | -9.4% |
| Profit (loss) carried forward | 14 | €37,611 | €37,611 | = | 0.0% |
| Amounts payable | 17/49 | €238,046 | €348,329 | +€110,283 | +46.3% |
| Amounts payable within one year | 42/48 | €238,046 | €348,329 | +€110,283 | +46.3% |
| Trade debts | 44 | €102,585 | €83,147 | -€19,438 | -18.9% |
| Suppliers | 440/4 | €102,585 | €83,147 | -€19,438 | -18.9% |
| Taxes, remuneration and social security | 45 | €62,176 | €35,753 | -€26,422 | -42.5% |
| Taxes | 450/3 | €62,176 | €35,753 | -€26,422 | -42.5% |
| Other amounts payable | 47/48 | €73,286 | €229,429 | +€156,143 | +213% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,598 | €12,598 | -€0 | 0.0% |
| Other operating charges | 640/8 | €1,635 | €1,638 | +€3 | +0.2% |
| Gross operating margin | 9900 | €61,977 | €76,136 | +€14,159 | +22.8% |
| Operating profit (loss) | 9901 | €47,744 | €61,900 | +€14,156 | +29.6% |
| Financial income | 75/76B | €30,515 | €33,623 | +€3,109 | +10.2% |
| Recurring financial income | 75 | €30,515 | €33,623 | +€3,109 | +10.2% |
| Financial charges | 65/66B | €18,939 | €5,525 | -€13,414 | -70.8% |
| Recurring financial charges | 65 | €18,939 | €5,525 | -€13,414 | -70.8% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €59,320 | €89,998 | +€30,678 | +51.7% |
| Income taxes | 67/77 | €20,268 | €29,739 | +€9,471 | +46.7% |
| Profit (loss) for the period | 9904 | €39,052 | €60,259 | +€21,207 | +54.3% |
| Transfer from tax-exempt reserves | 789 | - | €158,847 | +€158,847 | |
| Profit (loss) for the period to be appropriated | 9905 | €39,052 | €219,106 | +€180,054 | +461% |
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 15 October 2026 via checked.be.