DISTRIBOR: 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.
DISTRIBOR
Largest movements
- Receivables within one year +€91,961
up €91,961 (+185.2%), from €49,643 to €141,605
of which Other amounts receivable: +€86,180
- Cash -€91,192
down €91,192 (-65.5%), from €139,207 to €48,015
mainly Receivables within one year (-€91,961) and Net result for the year (-€4,840)
- Profit (loss) carried forward -€4,840
down €4,840 (-0.9%), from -€511,607 to -€516,447
- Trade debts +€4,676
up €4,676 (+2058.9%), from €227 to €4,903
- Gross operating margin -€12,796
down €12,796, from €11,276 to -€1,520
- Financial income -€957
down €957 (-15.2%), from €6,295 to €5,338
- Other operating charges +€520
up €520 (+8.6%), from €6,062 to €6,582
- Depreciation -€185
down €185 (-8.3%), from €2,222 to €2,038
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 | €216,919 | €215,651 | -€1,268 | -0.6% |
| Fixed assets | 21/28 | €28,069 | €26,031 | -€2,038 | -7.3% |
| Tangible fixed assets | 22/27 | €28,069 | €26,031 | -€2,038 | -7.3% |
| Land and buildings | 22 | €27,444 | €25,443 | -€2,001 | -7.3% |
| Plant, machinery and equipment | 23 | €625 | €588 | -€37 | -5.9% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €188,850 | €189,619 | +€769 | +0.4% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €49,643 | €141,605 | +€91,961 | +185.2% |
| Trade receivables | 40 | €0 | €5,782 | +€5,782 | |
| Other amounts receivable | 41 | €49,643 | €135,823 | +€86,180 | +173.6% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €139,207 | €48,015 | -€91,192 | -65.5% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €216,919 | €215,651 | -€1,268 | -0.6% |
| Equity | 10/15 | €212,893 | €208,053 | -€4,840 | -2.3% |
| Contributions | 10/11 | €724,500 | €724,500 | = | 0.0% |
| Capital | 10 | €724,500 | €724,500 | = | 0.0% |
| Issued capital | 100 | €724,500 | €724,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€511,607 | -€516,447 | -€4,840 | -0.9% |
| Amounts payable | 17/49 | €4,026 | €7,597 | +€3,571 | +88.7% |
| Amounts payable within one year | 42/48 | €4,026 | €7,597 | +€3,571 | +88.7% |
| Trade debts | 44 | €227 | €4,903 | +€4,676 | +2058.9% |
| Suppliers | 440/4 | €227 | €4,903 | +€4,676 | +2058.9% |
| Advances received on contracts in progress | 46 | €1,300 | €900 | -€400 | -30.8% |
| Taxes, remuneration and social security | 45 | €1,728 | €1,794 | +€66 | +3.8% |
| Taxes | 450/3 | €1,728 | €1,794 | +€66 | +3.8% |
| Other amounts payable | 47/48 | €771 | €0 | -€771 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,222 | €2,038 | -€185 | -8.3% |
| Other operating charges | 640/8 | €6,062 | €6,582 | +€520 | +8.6% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €11,276 | -€1,520 | -€12,796 | |
| Operating profit (loss) | 9901 | €2,992 | -€10,139 | -€13,131 | |
| Financial income | 75/76B | €6,295 | €5,338 | -€957 | -15.2% |
| Recurring financial income | 75 | €6,295 | €5,338 | -€957 | -15.2% |
| Financial charges | 65/66B | €31 | €38 | +€7 | +23.3% |
| Recurring financial charges | 65 | €31 | €38 | +€7 | +23.3% |
| Profit (loss) for the period before taxes | 9903 | €9,256 | -€4,840 | -€14,095 | |
| Profit (loss) for the period | 9904 | €9,256 | -€4,840 | -€14,095 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,256 | -€4,840 | -€14,095 |
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 7 October 2026 via checked.be.