DISTRIRAV: 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.
DISTRIRAV
Largest movements
- Cash +€76,171
up €76,171 (+377%), from €20,215 to €96,386
mainly Receivables after one year (+€75,000) and Net result for the year (+€63,820)
- Receivables after one year -€75,000
no longer reported in 2025 (was €75,000)
- Tangible fixed assets -€10,726
down €10,726 (-34.0%), from €31,556 to €20,830
of which Plant, machinery and equipment: -€9,258
- Trade debts -€96,786
down €96,786 (-41.7%), from €232,056 to €135,269
- Profit (loss) carried forward +€63,820
up €63,820 (+55.1%), from -€115,772 to -€51,952
- Tax, wage and social debts +€24,183
up €24,183 (+250%), from €9,689 to €33,872
- Staff costs +€27,664
up €27,664 (+27.6%), from €100,265 to €127,930
- Gross operating margin -€12,803
down €12,803 (-5.7%), from €223,117 to €210,314
- Other operating charges +€4,867
up €4,867 (+221%), from €2,199 to €7,066
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 | €175,972 | €167,190 | -€8,783 | -5.0% |
| Fixed assets | 21/28 | €32,916 | €22,190 | -€10,726 | -32.6% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €31,556 | €20,830 | -€10,726 | -34.0% |
| Plant, machinery and equipment | 23 | €28,174 | €18,916 | -€9,258 | -32.9% |
| Furniture and vehicles | 24 | €3,381 | €1,914 | -€1,467 | -43.4% |
| Financial fixed assets | 28 | €1,360 | €1,360 | = | 0.0% |
| Current assets | 29/58 | €143,057 | €145,000 | +€1,943 | +1.4% |
| Amounts receivable after more than one year | 29 | €75,000 | - | -€75,000 | |
| Trade receivables | 290 | €75,000 | - | -€75,000 | |
| Stocks and contracts in progress | 3 | €18,921 | €19,123 | +€202 | +1.1% |
| Stocks | 30/36 | €18,921 | €19,123 | +€202 | +1.1% |
| Amounts receivable within one year | 40/41 | €3,921 | €4,491 | +€570 | +14.5% |
| Trade receivables | 40 | €756 | €3,405 | +€2,649 | +350% |
| Other amounts receivable | 41 | €3,165 | €1,086 | -€2,078 | -65.7% |
| Current investments | 50/53 | €25,000 | €25,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €20,215 | €96,386 | +€76,171 | +377% |
| Total equity and liabilities | 10/49 | €175,972 | €167,190 | -€8,783 | -5.0% |
| Equity | 10/15 | -€65,772 | -€1,952 | +€63,820 | +97.0% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€115,772 | -€51,952 | +€63,820 | +55.1% |
| Amounts payable | 17/49 | €241,745 | €169,141 | -€72,603 | -30.0% |
| Amounts payable within one year | 42/48 | €241,745 | €169,141 | -€72,603 | -30.0% |
| Trade debts | 44 | €232,056 | €135,269 | -€96,786 | -41.7% |
| Suppliers | 440/4 | €232,056 | €135,269 | -€96,786 | -41.7% |
| Taxes, remuneration and social security | 45 | €9,689 | €33,872 | +€24,183 | +250% |
| Remuneration and social security | 454/9 | €9,689 | €33,872 | +€24,183 | +250% |
| Remuneration, social security and pensions | 62 | €100,265 | €127,930 | +€27,664 | +27.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,726 | €10,726 | = | 0.0% |
| Other operating charges | 640/8 | €2,199 | €7,066 | +€4,867 | +221% |
| Non-recurring operating charges | 66A | €1,910 | - | -€1,910 | |
| Gross operating margin | 9900 | €223,117 | €210,314 | -€12,803 | -5.7% |
| Operating profit (loss) | 9901 | €108,017 | €64,593 | -€43,424 | -40.2% |
| Financial income | 75/76B | €891 | €498 | -€393 | -44.1% |
| Recurring financial income | 75 | €891 | €498 | -€393 | -44.1% |
| Financial charges | 65/66B | €1,172 | €1,249 | +€77 | +6.6% |
| Recurring financial charges | 65 | €1,172 | €1,249 | +€77 | +6.6% |
| Profit (loss) for the period before taxes | 9903 | €107,736 | €63,842 | -€43,894 | -40.7% |
| Income taxes | 67/77 | - | €21 | +€21 | |
| Profit (loss) for the period | 9904 | €107,736 | €63,820 | -€43,916 | -40.8% |
| Profit (loss) for the period to be appropriated | 9905 | €107,736 | €63,820 | -€43,916 | -40.8% |
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 18 October 2026 via checked.be.