DISTRIM: 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.
DISTRIM
Largest movements
- Current investments -€409,955
down €409,955 (-81.7%), from €501,755 to €91,800
- Receivables within one year +€173,750
up €173,750 (+39.3%), from €441,865 to €615,615
of which Other amounts receivable: +€155,717
- Cash -€91,810
down €91,810 (-36.0%), from €254,728 to €162,919
mainly Other debts (-€391,000) and Receivables within one year (-€173,750)
- Tangible fixed assets -€75,235
down €75,235 (-9.4%), from €796,803 to €721,568
of which Land and buildings: -€74,775
- Stocks and contracts -€28,743
down €28,743 (-13.8%), from €208,347 to €179,604
- Other debts -€391,000
down €391,000 (-66.3%), from €590,000 to €199,000
- Reserves -€26,970
down €26,970 (-1.9%), from €1.4m to €1.4m
of which Distributable reserves: -€15,364
- Financial charges +€40,981
up €40,981, from -€6,014 to €34,966
- Gross operating margin -€30,815
down €30,815 (-27.3%), from €113,019 to €82,204
- Staff costs -€6,565
down €6,565 (-44.2%), from €14,858 to €8,294
- Financial income -€3,556
down €3,556 (-17.3%), from €20,579 to €17,023
- Taxes -€2,731
down €2,731 (-100.0%), from €2,731 to €0
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 | €2,207,311 | €1,777,838 | -€429,472 | -19.5% |
| Fixed assets | 21/28 | €796,803 | €721,568 | -€75,235 | -9.4% |
| Tangible fixed assets | 22/27 | €796,803 | €721,568 | -€75,235 | -9.4% |
| Land and buildings | 22 | €790,041 | €715,266 | -€74,775 | -9.5% |
| Plant, machinery and equipment | 23 | €6,762 | €6,302 | -€460 | -6.8% |
| Current assets | 29/58 | €1,410,508 | €1,056,270 | -€354,237 | -25.1% |
| Stocks and contracts in progress | 3 | €208,347 | €179,604 | -€28,743 | -13.8% |
| Stocks | 30/36 | €208,347 | €179,604 | -€28,743 | -13.8% |
| Amounts receivable within one year | 40/41 | €441,865 | €615,615 | +€173,750 | +39.3% |
| Trade receivables | 40 | €8,220 | €26,253 | +€18,033 | +219.4% |
| Other amounts receivable | 41 | €433,645 | €589,361 | +€155,717 | +35.9% |
| Current investments | 50/53 | €501,755 | €91,800 | -€409,955 | -81.7% |
| Cash at bank and in hand | 54/58 | €254,728 | €162,919 | -€91,810 | -36.0% |
| Deferred charges and accrued income | 490/1 | €3,813 | €6,333 | +€2,520 | +66.1% |
| Total equity and liabilities | 10/49 | €2,207,311 | €1,777,838 | -€429,472 | -19.5% |
| Equity | 10/15 | €1,565,534 | €1,538,564 | -€26,970 | -1.7% |
| Contributions | 10/11 | €124,000 | €124,000 | = | 0.0% |
| Capital | 10 | €124,000 | €124,000 | = | 0.0% |
| Issued capital | 100 | €124,000 | €124,000 | = | 0.0% |
| Reserves | 13 | €1,441,534 | €1,414,564 | -€26,970 | -1.9% |
| Non-distributable reserves | 130/1 | €12,400 | €12,400 | = | 0.0% |
| Legal reserve | 130 | €12,400 | €12,400 | = | 0.0% |
| Tax-exempt reserves | 132 | €66,787 | €55,181 | -€11,606 | -17.4% |
| Distributable reserves | 133 | €1,362,347 | €1,346,982 | -€15,364 | -1.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €14,922 | €9,948 | -€4,974 | -33.3% |
| Deferred taxes | 168 | €14,922 | €9,948 | -€4,974 | -33.3% |
| Amounts payable | 17/49 | €626,855 | €229,327 | -€397,529 | -63.4% |
| Amounts payable within one year | 42/48 | €616,685 | €202,706 | -€413,979 | -67.1% |
| Trade debts | 44 | €21,025 | €1,935 | -€19,090 | -90.8% |
| Suppliers | 440/4 | €21,025 | €1,935 | -€19,090 | -90.8% |
| Taxes, remuneration and social security | 45 | €5,660 | €1,771 | -€3,889 | -68.7% |
| Taxes | 450/3 | €4,287 | €1,169 | -€3,119 | -72.7% |
| Remuneration and social security | 454/9 | €1,373 | €602 | -€771 | -56.1% |
| Other amounts payable | 47/48 | €590,000 | €199,000 | -€391,000 | -66.3% |
| Accrued charges and deferred income | 492/3 | €10,171 | €26,621 | +€16,450 | +161.7% |
| Non-recurring operating income | 76A | €184 | €0 | -€184 | -100.0% |
| Remuneration, social security and pensions | 62 | €14,858 | €8,294 | -€6,565 | -44.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,312 | €75,235 | -€1,077 | -1.4% |
| Other operating charges | 640/8 | €12,569 | €12,677 | +€107 | +0.9% |
| Gross operating margin | 9900 | €113,019 | €82,204 | -€30,815 | -27.3% |
| Operating profit (loss) | 9901 | €9,279 | -€14,001 | -€23,280 | |
| Financial income | 75/76B | €20,579 | €17,023 | -€3,556 | -17.3% |
| Recurring financial income | 75 | €20,579 | €17,023 | -€3,556 | -17.3% |
| Financial charges | 65/66B | -€6,014 | €34,966 | +€40,981 | |
| Recurring financial charges | 65 | -€6,014 | €34,966 | +€40,981 | |
| Profit (loss) for the period before taxes | 9903 | €35,873 | -€31,944 | -€67,817 | |
| Transfer from deferred taxes | 780 | €4,974 | €4,974 | = | 0.0% |
| Income taxes | 67/77 | €2,731 | €0 | -€2,731 | -100.0% |
| Profit (loss) for the period | 9904 | €38,116 | -€26,970 | -€65,086 | |
| Transfer from tax-exempt reserves | 789 | €11,606 | €11,606 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €49,721 | -€15,364 | -€65,086 |
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.