DISTRIBEL MANAGEMENT: what changed
You see two financial years side by side: what moved most in the balance sheet and the result, why the result rose or fell and where the money went.
DISTRIBEL MANAGEMENT
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Reserves -€40,984
down €40,984 (-67.6%), from €60,668 to €19,684
- Profit (loss) carried forward +€35,796
up €35,796, from -€19,249 to €16,547
- Gross operating margin +€291
up €291 (+6.1%), from -€4,793 to -€4,501
- Financial charges -€74
down €74 (-17.9%), from €412 to €339
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,937,749 | €1,924,608 | -€13,141 | -0.7% |
| Fixed assets | 21/28 | €1,800,132 | €1,800,132 | = | 0.0% |
| Financial fixed assets | 28 | €1,800,132 | €1,800,132 | = | 0.0% |
| Current assets | 29/58 | €137,617 | €124,475 | -€13,141 | -9.5% |
| Amounts receivable within one year | 40/41 | €28,950 | €28,950 | +€0 | 0.0% |
| Other amounts receivable | 41 | €28,950 | €28,950 | +€0 | 0.0% |
| Cash at bank and in hand | 54/58 | €104,610 | €90,311 | -€14,299 | -13.7% |
| Deferred charges and accrued income | 490/1 | €4,056 | €5,214 | +€1,158 | +28.5% |
| Total equity and liabilities | 10/49 | €1,937,749 | €1,924,608 | -€13,141 | -0.7% |
| Equity | 10/15 | €191,419 | €186,231 | -€5,188 | -2.7% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €60,668 | €19,684 | -€40,984 | -67.6% |
| Distributable reserves | 133 | €60,668 | €19,684 | -€40,984 | -67.6% |
| Profit (loss) carried forward | 14 | -€19,249 | €16,547 | +€35,796 | |
| Amounts payable | 17/49 | €1,746,330 | €1,738,377 | -€7,953 | -0.5% |
| Amounts payable after more than one year | 17 | €1,665,000 | €1,665,000 | = | 0.0% |
| Other amounts payable | 178/9 | €1,665,000 | €1,665,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €80,363 | €72,378 | -€7,984 | -9.9% |
| Trade debts | 44 | €1,077 | - | -€1,077 | |
| Suppliers | 440/4 | €1,077 | - | -€1,077 | |
| Other amounts payable | 47/48 | €79,286 | €72,378 | -€6,907 | -8.7% |
| Accrued charges and deferred income | 492/3 | €968 | €998 | +€31 | +3.2% |
| Other operating charges | 640/8 | €1,472 | €1,506 | +€35 | +2.4% |
| Gross operating margin | 9900 | -€4,793 | -€4,501 | +€291 | +6.1% |
| Operating profit (loss) | 9901 | -€6,265 | -€6,008 | +€257 | +4.1% |
| Financial income | 75/76B | €1,164 | €1,158 | -€6 | -0.5% |
| Recurring financial income | 75 | €1,164 | €1,158 | -€6 | -0.5% |
| Financial charges | 65/66B | €412 | €339 | -€74 | -17.9% |
| Recurring financial charges | 65 | €412 | €339 | -€74 | -17.9% |
| Profit (loss) for the period before taxes | 9903 | -€5,513 | -€5,188 | +€325 | +5.9% |
| Income taxes | 67/77 | €1 | - | -€1 | |
| Profit (loss) for the period | 9904 | -€5,513 | -€5,188 | +€325 | +5.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,513 | -€5,188 | +€325 | +5.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.