DISTRIFUND: 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.
DISTRIFUND
Largest movements
- Receivables within one year -€361,291
down €361,291 (-42.1%), from €857,629 to €496,338
of which Other amounts receivable: -€361,851
- Financial fixed assets +€129,288
up €129,288 (+2.9%), from €4.5m to €4.6m
- Revaluation surpluses +€311,380
up €311,380 (+12.4%), from €2.5m to €2.8m
- Other debts -€261,000
down €261,000 (-39.5%), from €661,000 to €400,000
- Profit (loss) carried forward -€229,308
down €229,308 (-75.7%), from €302,945 to €73,637
- Financial charges +€196,189
up €196,189 (+2,502%), from €7,841 to €204,030
of which Non-recurring financial charges: +€199,216
- Gross operating margin -€48,606
down €48,606 (-9.6%), from €506,427 to €457,821
- Staff costs -€48,590
down €48,590 (-11.4%), from €427,529 to €378,939
- Depreciation -€35,623
down €35,623 (-69.6%), from €51,163 to €15,540
- Financial income +€12,520
up €12,520 (+2,576%), from €486 to €13,006
of which Non-recurring financial income: +€12,908
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 | €5,391,038 | €5,182,195 | -€208,843 | -3.9% |
| Fixed assets | 21/28 | €4,497,503 | €4,632,124 | +€134,621 | +3.0% |
| Intangible fixed assets | 21 | €5,951 | €80 | -€5,871 | -98.7% |
| Tangible fixed assets | 22/27 | €11,939 | €23,143 | +€11,204 | +93.8% |
| Plant, machinery and equipment | 23 | €10,717 | €22,490 | +€11,773 | +110% |
| Furniture and vehicles | 24 | €1,222 | €653 | -€569 | -46.6% |
| Financial fixed assets | 28 | €4,479,613 | €4,608,901 | +€129,288 | +2.9% |
| Current assets | 29/58 | €893,535 | €550,071 | -€343,464 | -38.4% |
| Amounts receivable within one year | 40/41 | €857,629 | €496,338 | -€361,291 | -42.1% |
| Trade receivables | 40 | €871 | €1,431 | +€560 | +64.3% |
| Other amounts receivable | 41 | €856,758 | €494,907 | -€361,851 | -42.2% |
| Cash at bank and in hand | 54/58 | €21,210 | €34,849 | +€13,639 | +64.3% |
| Deferred charges and accrued income | 490/1 | €14,696 | €18,884 | +€4,188 | +28.5% |
| Total equity and liabilities | 10/49 | €5,391,038 | €5,182,195 | -€208,843 | -3.9% |
| Equity | 10/15 | €4,622,652 | €4,704,724 | +€82,072 | +1.8% |
| Contributions | 10/11 | €1,652,400 | €1,652,400 | = | 0.0% |
| Capital | 10 | €1,652,400 | €1,652,400 | = | 0.0% |
| Issued capital | 100 | €1,652,400 | €1,652,400 | = | 0.0% |
| Revaluation surpluses | 12 | €2,502,067 | €2,813,447 | +€311,380 | +12.4% |
| Reserves | 13 | €165,240 | €165,240 | = | 0.0% |
| Non-distributable reserves | 130/1 | €165,240 | €165,240 | = | 0.0% |
| Legal reserve | 130 | €165,240 | €165,240 | = | 0.0% |
| Profit (loss) carried forward | 14 | €302,945 | €73,637 | -€229,308 | -75.7% |
| Amounts payable | 17/49 | €768,386 | €477,471 | -€290,915 | -37.9% |
| Amounts payable within one year | 42/48 | €765,318 | €477,471 | -€287,847 | -37.6% |
| Current portion of amounts payable after more than one year | 42 | €12,500 | - | -€12,500 | |
| Trade debts | 44 | €44,610 | €28,473 | -€16,137 | -36.2% |
| Suppliers | 440/4 | €44,610 | €28,473 | -€16,137 | -36.2% |
| Taxes, remuneration and social security | 45 | €47,208 | €48,998 | +€1,790 | +3.8% |
| Taxes | 450/3 | €10,974 | €11,757 | +€783 | +7.1% |
| Remuneration and social security | 454/9 | €36,234 | €37,241 | +€1,007 | +2.8% |
| Other amounts payable | 47/48 | €661,000 | €400,000 | -€261,000 | -39.5% |
| Accrued charges and deferred income | 492/3 | €3,068 | - | -€3,068 | |
| Remuneration, social security and pensions | 62 | €427,529 | €378,939 | -€48,590 | -11.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,163 | €15,540 | -€35,623 | -69.6% |
| Other operating charges | 640/8 | €1,197 | €1,225 | +€28 | +2.3% |
| Gross operating margin | 9900 | €506,427 | €457,821 | -€48,606 | -9.6% |
| Operating profit (loss) | 9901 | €26,538 | €62,117 | +€35,579 | +134% |
| Financial income | 75/76B | €486 | €13,006 | +€12,520 | +2,576% |
| Recurring financial income | 75 | €486 | €98 | -€388 | -79.8% |
| Non-recurring financial income | 76B | - | €12,908 | +€12,908 | |
| Financial charges | 65/66B | €7,841 | €204,030 | +€196,189 | +2,502% |
| Recurring financial charges | 65 | €7,057 | €4,030 | -€3,027 | -42.9% |
| Non-recurring financial charges | 66B | €784 | €200,000 | +€199,216 | +25,410% |
| Profit (loss) for the period before taxes | 9903 | €19,183 | -€128,907 | -€148,090 | |
| Income taxes | 67/77 | €10,177 | €401 | -€9,776 | -96.1% |
| Profit (loss) for the period | 9904 | €9,006 | -€129,308 | -€138,314 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,006 | -€129,308 | -€138,314 |
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 17 October 2026 via checked.be.