DISTRIBEL: 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.
DISTRIBEL
Largest movements
- Receivables within one year -€214,999
down €214,999 (-23.5%), from €913,299 to €698,300
of which Trade receivables: -€203,619
- Cash -€18,673
down €18,673 (-8.5%), from €219,409 to €200,737
mainly Trade debts (-€185,645) and Other debts (-€37,762)
- Trade debts -€185,645
down €185,645 (-26.3%), from €705,301 to €519,656
- Other debts -€37,762
down €37,762 (-100.0%), from €37,762 to €0
- Depreciation -€338
down €338 (-100.0%), from €338 to €0
- Gross operating margin +€231
up €231 (+17.3%), from €1,337 to €1,568
- Other operating charges -€82
down €82 (-6.8%), from €1,209 to €1,126
- Financial charges +€66
up €66 (+167.4%), from €40 to €106
- Taxes +€23
up €23, from €0 to €23
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 | €1,170,708 | €937,726 | -€232,982 | -19.9% |
| Fixed assets | 21/28 | €38,000 | €38,000 | = | 0.0% |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €38,000 | €38,000 | = | 0.0% |
| Current assets | 29/58 | €1,132,708 | €899,726 | -€232,982 | -20.6% |
| Amounts receivable within one year | 40/41 | €913,299 | €698,300 | -€214,999 | -23.5% |
| Trade receivables | 40 | €888,355 | €684,735 | -€203,619 | -22.9% |
| Other amounts receivable | 41 | €24,944 | €13,564 | -€11,380 | -45.6% |
| Cash at bank and in hand | 54/58 | €219,409 | €200,737 | -€18,673 | -8.5% |
| Deferred charges and accrued income | 490/1 | - | €690 | +€690 | |
| Total equity and liabilities | 10/49 | €1,170,708 | €937,726 | -€232,982 | -19.9% |
| Equity | 10/15 | €399,475 | €399,788 | +€312 | +0.1% |
| Contributions | 10/11 | €88,782 | €88,782 | = | 0.0% |
| Reserves | 13 | €310,694 | €311,006 | +€312 | +0.1% |
| Distributable reserves | 133 | €310,694 | €311,006 | +€312 | +0.1% |
| Amounts payable | 17/49 | €771,233 | €537,939 | -€233,295 | -30.2% |
| Amounts payable after more than one year | 17 | €12,760 | €12,760 | = | 0.0% |
| Other amounts payable | 178/9 | €12,760 | €12,760 | = | 0.0% |
| Amounts payable within one year | 42/48 | €743,473 | €519,679 | -€223,795 | -30.1% |
| Trade debts | 44 | €705,301 | €519,656 | -€185,645 | -26.3% |
| Suppliers | 440/4 | €705,301 | €519,656 | -€185,645 | -26.3% |
| Taxes, remuneration and social security | 45 | €411 | €23 | -€388 | -94.5% |
| Taxes | 450/3 | €411 | €23 | -€388 | -94.5% |
| Other amounts payable | 47/48 | €37,762 | €0 | -€37,762 | -100.0% |
| Accrued charges and deferred income | 492/3 | €15,000 | €5,500 | -€9,500 | -63.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €338 | €0 | -€338 | -100.0% |
| Other operating charges | 640/8 | €1,209 | €1,126 | -€82 | -6.8% |
| Gross operating margin | 9900 | €1,337 | €1,568 | +€231 | +17.3% |
| Operating profit (loss) | 9901 | -€210 | €441 | +€652 | |
| Financial charges | 65/66B | €40 | €106 | +€66 | +167.4% |
| Recurring financial charges | 65 | €40 | €106 | +€66 | +167.4% |
| Profit (loss) for the period before taxes | 9903 | -€250 | €335 | +€585 | |
| Income taxes | 67/77 | €0 | €23 | +€23 | |
| Profit (loss) for the period | 9904 | -€250 | €312 | +€562 | |
| Profit (loss) for the period to be appropriated | 9905 | -€250 | €312 | +€562 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.