DISTRIBURT: what changed
Two financial 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.
DISTRIBURT
Largest movements
- Receivables within one year +€145,626
up €145,626 (+35.0%), from €416,187 to €561,813
of which Other amounts receivable: +€152,282
- Stocks and contracts -€133,763
down €133,763 (-10.2%), from €1.3m to €1.2m
- Tangible fixed assets +€43,921
up €43,921 (+13.1%), from €334,222 to €378,143
of which Furniture and vehicles: +€41,161
- Profit (loss) carried forward +€140,953
up €140,953 (+9.9%), from €1.4m to €1.6m
- Current portion of long-term debt -€68,756
no longer reported in 2025 (was €68,756)
- Trade debts -€56,162
down €56,162 (-19.1%), from €294,126 to €237,964
- Tax, wage and social debts +€31,049
up €31,049 (+65.3%), from €47,578 to €78,626
of which Remuneration and social security: +€16,765
- Staff costs +€82,968
up €82,968 (+28.4%), from €292,429 to €375,397
- Gross operating margin +€52,434
up €52,434 (+9.5%), from €550,791 to €603,226
- Write-downs -€11,102
down €11,102 (-50.8%), from €21,875 to €10,774
- Depreciation +€10,390
up €10,390 (+71.7%), from €14,501 to €24,891
- Taxes -€7,077
down €7,077 (-12.9%), from €54,795 to €47,718
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.
Derived cash bridge
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 | €2,093,466 | €2,136,056 | +€42,590 | +2.0% |
| Fixed assets | 21/28 | €334,222 | €378,143 | +€43,921 | +13.1% |
| Tangible fixed assets | 22/27 | €334,222 | €378,143 | +€43,921 | +13.1% |
| Land and buildings | 22 | €308,143 | €310,954 | +€2,811 | +0.9% |
| Plant, machinery and equipment | 23 | €15,767 | €15,717 | -€50 | -0.3% |
| Furniture and vehicles | 24 | €10,312 | €51,473 | +€41,161 | +399% |
| Leasing and similar rights | 25 | €0 | €0 | = | |
| Current assets | 29/58 | €1,759,244 | €1,757,912 | -€1,331 | -0.1% |
| Stocks and contracts in progress | 3 | €1,305,680 | €1,171,917 | -€133,763 | -10.2% |
| Stocks | 30/36 | €1,305,680 | €1,171,917 | -€133,763 | -10.2% |
| Amounts receivable within one year | 40/41 | €416,187 | €561,813 | +€145,626 | +35.0% |
| Trade receivables | 40 | €25,541 | €18,884 | -€6,657 | -26.1% |
| Other amounts receivable | 41 | €390,646 | €542,929 | +€152,282 | +39.0% |
| Cash at bank and in hand | 54/58 | €31,365 | €21,190 | -€10,174 | -32.4% |
| Deferred charges and accrued income | 490/1 | €6,012 | €2,993 | -€3,019 | -50.2% |
| Total equity and liabilities | 10/49 | €2,093,466 | €2,136,056 | +€42,590 | +2.0% |
| Equity | 10/15 | €1,665,894 | €1,806,847 | +€140,953 | +8.5% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €141,918 | €141,918 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €131,918 | €131,918 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,423,976 | €1,564,929 | +€140,953 | +9.9% |
| Amounts payable | 17/49 | €427,572 | €329,209 | -€98,363 | -23.0% |
| Amounts payable within one year | 42/48 | €421,218 | €323,332 | -€97,887 | -23.2% |
| Current portion of amounts payable after more than one year | 42 | €68,756 | - | -€68,756 | |
| Trade debts | 44 | €294,126 | €237,964 | -€56,162 | -19.1% |
| Suppliers | 440/4 | €294,126 | €237,964 | -€56,162 | -19.1% |
| Advances received on contracts in progress | 46 | €3,343 | €2,037 | -€1,306 | -39.1% |
| Taxes, remuneration and social security | 45 | €47,578 | €78,626 | +€31,049 | +65.3% |
| Taxes | 450/3 | €7,371 | €21,655 | +€14,284 | +194% |
| Remuneration and social security | 454/9 | €40,207 | €56,972 | +€16,765 | +41.7% |
| Other amounts payable | 47/48 | €7,416 | €4,704 | -€2,712 | -36.6% |
| Accrued charges and deferred income | 492/3 | €6,354 | €5,877 | -€476 | -7.5% |
| Remuneration, social security and pensions | 62 | €292,429 | €375,397 | +€82,968 | +28.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,501 | €24,891 | +€10,390 | +71.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €21,875 | €10,774 | -€11,102 | -50.8% |
| Other operating charges | 640/8 | €22,598 | €24,679 | +€2,081 | +9.2% |
| Gross operating margin | 9900 | €550,791 | €603,226 | +€52,434 | +9.5% |
| Operating profit (loss) | 9901 | €199,388 | €167,485 | -€31,903 | -16.0% |
| Financial income | 75/76B | €25,666 | €27,095 | +€1,430 | +5.6% |
| Recurring financial income | 75 | €25,666 | €27,095 | +€1,430 | +5.6% |
| Financial charges | 65/66B | €11,935 | €5,909 | -€6,026 | -50.5% |
| Recurring financial charges | 65 | €11,935 | €5,909 | -€6,026 | -50.5% |
| Profit (loss) for the period before taxes | 9903 | €213,118 | €188,671 | -€24,447 | -11.5% |
| Income taxes | 67/77 | €54,795 | €47,718 | -€7,077 | -12.9% |
| Profit (loss) for the period | 9904 | €158,324 | €140,953 | -€17,370 | -11.0% |
| Profit (loss) for the period to be appropriated | 9905 | €158,324 | €140,953 | -€17,370 | -11.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.