DISTRIBUTION-EMBALLAGE: 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.
DISTRIBUTION-EMBALLAGE
Largest movements
- Tangible fixed assets -€169,919
down €169,919 (-95.9%), from €177,133 to €7,213
of which Land and buildings: -€154,592
- Stocks and contracts +€60,000
up €60,000 (+31.1%), from €192,994 to €252,994
- Cash -€13,066
down €13,066 (-71.2%), from €18,346 to €5,280
mainly Debts after one year (-€156,191) and Stocks and contracts (-€60,000)
- Financial fixed assets +€9,000
up €9,000 (+67.7%), from €13,291 to €22,291
- Receivables within one year +€6,785
up €6,785 (+6.1%), from €110,548 to €117,332
of which Trade receivables: +€6,725
- Debts after one year -€156,191
no longer reported in 2024 (was €156,191)
- Profit (loss) carried forward +€61,445
up €61,445 (+35.3%), from €173,931 to €235,375
- Other debts -€27,440
down €27,440 (-93.2%), from €29,440 to €2,000
- Tax, wage and social debts +€10,577
up €10,577 (+99.7%), from €10,614 to €21,191
of which Taxes: +€9,800
- Gross operating margin +€56,013
up €56,013 (+38.0%), from €147,299 to €203,312
- Depreciation -€46,624
down €46,624 (-85.4%), from €54,603 to €7,979
- Staff costs +€39,673
up €39,673 (+61.4%), from €64,664 to €104,337
- Taxes -€18,494
down €18,494 (-74.6%), from €24,786 to €6,292
- Financial charges +€8,531
up €8,531 (+503%), from €1,695 to €10,226
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €512,311 | €405,110 | -€107,201 | -20.9% |
| Fixed assets | 21/28 | €190,423 | €29,504 | -€160,919 | -84.5% |
| Tangible fixed assets | 22/27 | €177,133 | €7,213 | -€169,919 | -95.9% |
| Land and buildings | 22 | €154,592 | - | -€154,592 | |
| Plant, machinery and equipment | 23 | - | €894 | +€894 | |
| Furniture and vehicles | 24 | €22,540 | €6,320 | -€16,221 | -72.0% |
| Financial fixed assets | 28 | €13,291 | €22,291 | +€9,000 | +67.7% |
| Current assets | 29/58 | €321,888 | €375,606 | +€53,718 | +16.7% |
| Stocks and contracts in progress | 3 | €192,994 | €252,994 | +€60,000 | +31.1% |
| Stocks | 30/36 | €192,994 | €252,994 | +€60,000 | +31.1% |
| Amounts receivable within one year | 40/41 | €110,548 | €117,332 | +€6,785 | +6.1% |
| Trade receivables | 40 | €110,548 | €117,273 | +€6,725 | +6.1% |
| Other amounts receivable | 41 | - | €59 | +€59 | |
| Cash at bank and in hand | 54/58 | €18,346 | €5,280 | -€13,066 | -71.2% |
| Total equity and liabilities | 10/49 | €512,311 | €405,110 | -€107,201 | -20.9% |
| Equity | 10/15 | €194,391 | €255,835 | +€61,445 | +31.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €173,931 | €235,375 | +€61,445 | +35.3% |
| Amounts payable | 17/49 | €317,920 | €149,274 | -€168,646 | -53.0% |
| Amounts payable after more than one year | 17 | €156,191 | - | -€156,191 | |
| Financial debts | 170/4 | €156,191 | - | -€156,191 | |
| Amounts payable within one year | 42/48 | €161,729 | €149,274 | -€12,455 | -7.7% |
| Trade debts | 44 | €121,675 | €126,083 | +€4,408 | +3.6% |
| Suppliers | 440/4 | €121,675 | €126,083 | +€4,408 | +3.6% |
| Taxes, remuneration and social security | 45 | €10,614 | €21,191 | +€10,577 | +99.7% |
| Taxes | 450/3 | €3,428 | €13,227 | +€9,800 | +286% |
| Remuneration and social security | 454/9 | €7,186 | €7,964 | +€778 | +10.8% |
| Other amounts payable | 47/48 | €29,440 | €2,000 | -€27,440 | -93.2% |
| Remuneration, social security and pensions | 62 | €64,664 | €104,337 | +€39,673 | +61.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,603 | €7,979 | -€46,624 | -85.4% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €7,186 | €7,964 | +€778 | +10.8% |
| Other operating charges | 640/8 | €6,145 | €3,938 | -€2,207 | -35.9% |
| Non-recurring operating charges | 66A | - | €1,152 | +€1,152 | |
| Gross operating margin | 9900 | €147,299 | €203,312 | +€56,013 | +38.0% |
| Operating profit (loss) | 9901 | €14,701 | €77,942 | +€63,242 | +430% |
| Financial income | 75/76B | €1 | €20 | +€19 | +1,897% |
| Recurring financial income | 75 | €1 | €20 | +€19 | +1,897% |
| Financial charges | 65/66B | €1,695 | €10,226 | +€8,531 | +503% |
| Recurring financial charges | 65 | €1,695 | €10,226 | +€8,531 | +503% |
| Profit (loss) for the period before taxes | 9903 | €13,007 | €67,736 | +€54,730 | +421% |
| Income taxes | 67/77 | €24,786 | €6,292 | -€18,494 | -74.6% |
| Profit (loss) for the period | 9904 | -€11,780 | €61,445 | +€73,224 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,780 | €61,445 | +€73,224 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.