DISTRIBIO: 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.
DISTRIBIO
Largest movements
- Receivables within one year +€34,714
up €34,714 (+6.2%), from €561,987 to €596,702
of which Other amounts receivable: +€28,765
- Intangible fixed assets +€22,900
up €22,900 (+18.7%), from €122,485 to €145,385
- Cash -€20,101
down €20,101 (-70.7%), from €28,428 to €8,327
mainly Debts after one year (-€175,728) and Investment in fixed assets (net) (-€65,000)
- Stocks and contracts -€19,319
down €19,319 (-5.0%), from €386,170 to €366,851
- Tangible fixed assets -€14,374
down €14,374 (-13.9%), from €103,441 to €89,067
of which Leasing and similar rights: -€9,150
- Debts after one year -€175,728
down €175,728 (-72.9%), from €241,180 to €65,452
- Contributions +€166,352
up €166,352 (+47.1%), from €353,100 to €519,452
- Trade debts -€32,221
down €32,221 (-5.8%), from €559,371 to €527,151
- Short-term financial debts +€24,923
up €24,923 (+6.4%), from €387,309 to €412,232
- Gross operating margin +€15,943
up €15,943 (+2.1%), from €769,532 to €785,475
- Staff costs +€14,467
up €14,467 (+2.2%), from €656,587 to €671,054
- Write-downs +€8,296
new in 2025: €8,296
- Depreciation +€8,122
up €8,122 (+16.8%), from €48,353 to €56,474
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 | €1,357,982 | €1,348,480 | -€9,502 | -0.7% |
| Fixed assets | 21/28 | €365,083 | €373,609 | +€8,526 | +2.3% |
| Intangible fixed assets | 21 | €122,485 | €145,385 | +€22,900 | +18.7% |
| Tangible fixed assets | 22/27 | €103,441 | €89,067 | -€14,374 | -13.9% |
| Plant, machinery and equipment | 23 | €587 | €147 | -€440 | -75.0% |
| Furniture and vehicles | 24 | €3,617 | €1,832 | -€1,784 | -49.3% |
| Leasing and similar rights | 25 | €75,488 | €66,338 | -€9,150 | -12.1% |
| Other tangible fixed assets | 26 | €23,750 | €20,750 | -€3,000 | -12.6% |
| Financial fixed assets | 28 | €139,157 | €139,157 | = | 0.0% |
| Current assets | 29/58 | €992,899 | €974,871 | -€18,028 | -1.8% |
| Stocks and contracts in progress | 3 | €386,170 | €366,851 | -€19,319 | -5.0% |
| Stocks | 30/36 | €386,170 | €366,851 | -€19,319 | -5.0% |
| Amounts receivable within one year | 40/41 | €561,987 | €596,702 | +€34,714 | +6.2% |
| Trade receivables | 40 | €471,193 | €477,142 | +€5,949 | +1.3% |
| Other amounts receivable | 41 | €90,794 | €119,559 | +€28,765 | +31.7% |
| Cash at bank and in hand | 54/58 | €28,428 | €8,327 | -€20,101 | -70.7% |
| Deferred charges and accrued income | 490/1 | €16,314 | €2,991 | -€13,322 | -81.7% |
| Total equity and liabilities | 10/49 | €1,357,982 | €1,348,480 | -€9,502 | -0.7% |
| Equity | 10/15 | -€73,918 | €95,144 | +€169,062 | |
| Contributions | 10/11 | €353,100 | €519,452 | +€166,352 | +47.1% |
| Capital | 10 | - | €519,452 | +€519,452 | |
| Issued capital | 100 | - | €519,452 | +€519,452 | |
| Reserves | 13 | €10,110 | €10,110 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,110 | €10,110 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10,110 | €10,110 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€437,128 | -€434,418 | +€2,711 | +0.6% |
| Amounts payable | 17/49 | €1,431,900 | €1,253,336 | -€178,565 | -12.5% |
| Amounts payable after more than one year | 17 | €241,180 | €65,452 | -€175,728 | -72.9% |
| Financial debts | 170/4 | €241,180 | €65,452 | -€175,728 | -72.9% |
| Amounts payable within one year | 42/48 | €1,190,721 | €1,187,884 | -€2,837 | -0.2% |
| Current portion of amounts payable after more than one year | 42 | €57,359 | €52,543 | -€4,816 | -8.4% |
| Financial debts | 43 | €387,309 | €412,232 | +€24,923 | +6.4% |
| Credit institutions | 430/8 | €387,309 | €412,232 | +€24,923 | +6.4% |
| Trade debts | 44 | €559,371 | €527,151 | -€32,221 | -5.8% |
| Suppliers | 440/4 | €559,371 | €527,151 | -€32,221 | -5.8% |
| Taxes, remuneration and social security | 45 | €183,463 | €192,881 | +€9,418 | +5.1% |
| Taxes | 450/3 | €52,968 | €64,122 | +€11,154 | +21.1% |
| Remuneration and social security | 454/9 | €130,494 | €128,758 | -€1,736 | -1.3% |
| Other amounts payable | 47/48 | €3,219 | €3,078 | -€141 | -4.4% |
| Remuneration, social security and pensions | 62 | €656,587 | €671,054 | +€14,467 | +2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,353 | €56,474 | +€8,122 | +16.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €8,296 | +€8,296 | |
| Other operating charges | 640/8 | €4,032 | €2,097 | -€1,935 | -48.0% |
| Gross operating margin | 9900 | €769,532 | €785,475 | +€15,943 | +2.1% |
| Operating profit (loss) | 9901 | €60,560 | €47,554 | -€13,006 | -21.5% |
| Financial income | 75/76B | €0 | €219 | +€219 | +729400.0% |
| Recurring financial income | 75 | €0 | €219 | +€219 | +729400.0% |
| Financial charges | 65/66B | €46,835 | €43,839 | -€2,996 | -6.4% |
| Recurring financial charges | 65 | €46,835 | €43,839 | -€2,996 | -6.4% |
| Profit (loss) for the period before taxes | 9903 | €13,725 | €3,934 | -€9,791 | -71.3% |
| Income taxes | 67/77 | €1,065 | €1,223 | +€158 | +14.9% |
| Profit (loss) for the period | 9904 | €12,660 | €2,711 | -€9,949 | -78.6% |
| Profit (loss) for the period to be appropriated | 9905 | €12,660 | €2,711 | -€9,949 | -78.6% |
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 8 October 2026 via checked.be.