DISTRIBOEK: 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.
DISTRIBOEK
Largest movements
- Receivables within one year -€55,085
down €55,085 (-62.1%), from €88,726 to €33,641
of which Trade receivables: -€55,085
- Deferred charges and accrued income +€50,425
up €50,425 (+1067.2%), from €4,725 to €55,150
- Tangible fixed assets -€24,789
down €24,789 (-14.3%), from €173,151 to €148,362
- Cash +€19,012
up €19,012 (+16.5%), from €115,129 to €134,141
mainly Debts after one year (+€211,989) and Receivables within one year (+€55,085)
- Other debts -€220,000
no longer reported in 2025 (was €220,000)
- Debts after one year +€211,989
up €211,989 (+1310.4%), from €16,178 to €228,167
of which Other amounts payable: +€220,000
- Gross operating margin +€27,614
up €27,614 (+19.7%), from €139,928 to €167,542
- Staff costs +€6,947
up €6,947 (+5.9%), from €117,664 to €124,611
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 | €381,731 | €371,294 | -€10,437 | -2.7% |
| Fixed assets | 21/28 | €173,151 | €148,362 | -€24,789 | -14.3% |
| Tangible fixed assets | 22/27 | €173,151 | €148,362 | -€24,789 | -14.3% |
| Land and buildings | 22 | €173,151 | €148,362 | -€24,789 | -14.3% |
| Current assets | 29/58 | €208,580 | €222,932 | +€14,352 | +6.9% |
| Amounts receivable within one year | 40/41 | €88,726 | €33,641 | -€55,085 | -62.1% |
| Trade receivables | 40 | €82,954 | €27,869 | -€55,085 | -66.4% |
| Other amounts receivable | 41 | €5,772 | €5,772 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €115,129 | €134,141 | +€19,012 | +16.5% |
| Deferred charges and accrued income | 490/1 | €4,725 | €55,150 | +€50,425 | +1067.2% |
| Total equity and liabilities | 10/49 | €381,731 | €371,294 | -€10,437 | -2.7% |
| Equity | 10/15 | €87,150 | €87,471 | +€321 | +0.4% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Capital | 10 | €62,500 | €62,500 | = | 0.0% |
| Issued capital | 100 | €62,500 | €62,500 | = | 0.0% |
| Reserves | 13 | €6,250 | €6,250 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,250 | €6,250 | = | 0.0% |
| Legal reserve | 130 | €6,250 | €6,250 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,400 | €18,721 | +€321 | +1.7% |
| Amounts payable | 17/49 | €294,581 | €283,823 | -€10,758 | -3.7% |
| Amounts payable after more than one year | 17 | €16,178 | €228,167 | +€211,989 | +1310.4% |
| Financial debts | 170/4 | €16,178 | €8,167 | -€8,011 | -49.5% |
| Other amounts payable | 178/9 | - | €220,000 | +€220,000 | |
| Amounts payable within one year | 42/48 | €272,508 | €49,290 | -€223,218 | -81.9% |
| Current portion of amounts payable after more than one year | 42 | €7,858 | €8,011 | +€153 | +1.9% |
| Trade debts | 44 | €20,821 | €18,430 | -€2,391 | -11.5% |
| Suppliers | 440/4 | €20,821 | €18,430 | -€2,391 | -11.5% |
| Taxes, remuneration and social security | 45 | €23,829 | €22,849 | -€980 | -4.1% |
| Taxes | 450/3 | €10,083 | €8,429 | -€1,654 | -16.4% |
| Remuneration and social security | 454/9 | €13,746 | €14,420 | +€674 | +4.9% |
| Other amounts payable | 47/48 | €220,000 | - | -€220,000 | |
| Accrued charges and deferred income | 492/3 | €5,895 | €6,367 | +€472 | +8.0% |
| Remuneration, social security and pensions | 62 | €117,664 | €124,611 | +€6,947 | +5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,789 | €24,789 | = | 0.0% |
| Other operating charges | 640/8 | €13,625 | €14,077 | +€452 | +3.3% |
| Gross operating margin | 9900 | €139,928 | €167,542 | +€27,614 | +19.7% |
| Operating profit (loss) | 9901 | -€16,151 | €4,065 | +€20,216 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €1,625 | €1,254 | -€371 | -22.8% |
| Recurring financial charges | 65 | €1,625 | €1,254 | -€371 | -22.8% |
| Profit (loss) for the period before taxes | 9903 | -€17,775 | €2,812 | +€20,587 | |
| Income taxes | 67/77 | €3,340 | €2,491 | -€849 | -25.4% |
| Profit (loss) for the period | 9904 | -€21,115 | €321 | +€21,436 | |
| Profit (loss) for the period to be appropriated | 9905 | -€21,115 | €321 | +€21,436 |
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.