DISTRIHOLD: 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.
DISTRIHOLD
Largest movements
- Receivables within one year +€6.6m
up €6.6m (+1588.3%), from €413,996 to €7.0m
of which Other amounts receivable: +€6.7m
- Cash -€6.1m
down €6.1m (-80.0%), from €7.6m to €1.5m
mainly Receivables within one year (-€6.6m) and Contributions, distributions and other (-€1.0m)
- Receivables after one year +€420,000
up €420,000 (+6.1%), from €6.9m to €7.4m
- Other debts +€2.0m
up €2.0m (+13.3%), from €15.4m to €17.4m
- Contributions -€967,605
down €967,605 (-5.5%), from €17.7m to €16.8m
- Financial income +€257,600
up €257,600 (+214.6%), from €120,012 to €377,612
- Financial charges +€165,209
up €165,209 (+57.6%), from €286,884 to €452,093
- Staff costs +€103,257
up €103,257 (+50.4%), from €204,820 to €308,077
- Gross operating margin -€9,173
down €9,173 (-2.5%), from €361,640 to €352,468
- Depreciation +€7,150
up €7,150 (+178.9%), from €3,997 to €11,147
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 | €34,061,104 | €35,116,782 | +€1.1m | +3.1% |
| Fixed assets | 21/28 | €19,105,843 | €19,232,334 | +€126,491 | +0.7% |
| Intangible fixed assets | 21 | - | €13,901 | +€13,901 | |
| Tangible fixed assets | 22/27 | €8,595 | €121,186 | +€112,591 | +1309.9% |
| Plant, machinery and equipment | 23 | €290 | €17,295 | +€17,005 | +5860.1% |
| Furniture and vehicles | 24 | €8,305 | €103,891 | +€95,586 | +1151.0% |
| Financial fixed assets | 28 | €19,097,247 | €19,097,247 | = | 0.0% |
| Current assets | 29/58 | €14,955,261 | €15,884,448 | +€929,186 | +6.2% |
| Amounts receivable after more than one year | 29 | €6,941,913 | €7,361,913 | +€420,000 | +6.1% |
| Other amounts receivable | 291 | €6,941,913 | €7,361,913 | +€420,000 | +6.1% |
| Stocks and contracts in progress | 3 | €12,065 | €8,906 | -€3,159 | -26.2% |
| Stocks | 30/36 | €12,065 | €8,906 | -€3,159 | -26.2% |
| Amounts receivable within one year | 40/41 | €413,996 | €6,989,296 | +€6.6m | +1588.3% |
| Trade receivables | 40 | €344,047 | €171,891 | -€172,156 | -50.0% |
| Other amounts receivable | 41 | €69,949 | €6,817,404 | +€6.7m | +9646.3% |
| Cash at bank and in hand | 54/58 | €7,585,750 | €1,515,375 | -€6.1m | -80.0% |
| Deferred charges and accrued income | 490/1 | €1,538 | €8,959 | +€7,421 | +482.5% |
| Total equity and liabilities | 10/49 | €34,061,104 | €35,116,782 | +€1.1m | +3.1% |
| Equity | 10/15 | €18,343,792 | €17,300,696 | -€1.0m | -5.7% |
| Contributions | 10/11 | €17,733,500 | €16,765,895 | -€967,605 | -5.5% |
| Reserves | 13 | €342,253 | €309,858 | -€32,395 | -9.5% |
| Distributable reserves | 133 | €342,253 | €309,858 | -€32,395 | -9.5% |
| Profit (loss) carried forward | 14 | €268,039 | €224,943 | -€43,096 | -16.1% |
| Amounts payable | 17/49 | €15,717,312 | €17,816,086 | +€2.1m | +13.4% |
| Amounts payable after more than one year | 17 | €0 | €62,019 | +€62,019 | |
| Financial debts | 170/4 | €0 | €62,019 | +€62,019 | |
| Amounts payable within one year | 42/48 | €15,715,975 | €17,754,067 | +€2.0m | +13.0% |
| Current portion of amounts payable after more than one year | 42 | €0 | €15,030 | +€15,030 | |
| Trade debts | 44 | €241,796 | €225,042 | -€16,754 | -6.9% |
| Suppliers | 440/4 | €241,796 | €225,042 | -€16,754 | -6.9% |
| Taxes, remuneration and social security | 45 | €94,405 | €89,878 | -€4,526 | -4.8% |
| Taxes | 450/3 | €70,438 | €17,589 | -€52,849 | -75.0% |
| Remuneration and social security | 454/9 | €23,967 | €72,289 | +€48,322 | +201.6% |
| Other amounts payable | 47/48 | €15,379,774 | €17,424,117 | +€2.0m | +13.3% |
| Accrued charges and deferred income | 492/3 | €1,338 | €0 | -€1,338 | -100.0% |
| Remuneration, social security and pensions | 62 | €204,820 | €308,077 | +€103,257 | +50.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,997 | €11,147 | +€7,150 | +178.9% |
| Other operating charges | 640/8 | €1,139 | €533 | -€606 | -53.2% |
| Gross operating margin | 9900 | €361,640 | €352,468 | -€9,173 | -2.5% |
| Operating profit (loss) | 9901 | €151,684 | €32,711 | -€118,973 | -78.4% |
| Financial income | 75/76B | €120,012 | €377,612 | +€257,600 | +214.6% |
| Recurring financial income | 75 | €120,012 | €377,612 | +€257,600 | +214.6% |
| Financial charges | 65/66B | €286,884 | €452,093 | +€165,209 | +57.6% |
| Recurring financial charges | 65 | €286,884 | €452,093 | +€165,209 | +57.6% |
| Profit (loss) for the period before taxes | 9903 | -€15,188 | -€41,771 | -€26,583 | -175.0% |
| Income taxes | 67/77 | €6,706 | €1,325 | -€5,380 | -80.2% |
| Profit (loss) for the period | 9904 | -€21,894 | -€43,096 | -€21,203 | -96.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,894 | -€43,096 | -€21,203 | -96.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.