DISTRIWAAS: 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.
DISTRIWAAS
Largest movements
- Receivables within one year -€200,910
down €200,910 (-68.1%), from €295,216 to €94,305
of which Other amounts receivable: -€172,452
- Cash -€33,284
down €33,284 (-100%), from €33,284 to €0
mainly Other debts (-€107,650) and Short-term financial debts (-€105,000)
- Tangible fixed assets -€9,474
down €9,474 (-31.2%), from €30,398 to €20,924
of which Plant, machinery and equipment: -€6,588
- Deferred charges and accrued income -€4,131
down €4,131 (-61.7%), from €6,692 to €2,561
- Other debts -€107,650
down €107,650 (-63.5%), from €169,590 to €61,941
- Short-term financial debts -€105,000
no longer reported in 2025 (was €105,000)
- Profit (loss) carried forward +€53,550
up €53,550 (+28.8%), from -€186,153 to -€132,603
- Trade debts -€53,283
down €53,283 (-27.5%), from €193,514 to €140,231
- Tax, wage and social debts -€28,484
down €28,484 (-53.9%), from €52,834 to €24,349
of which Taxes: -€26,784
- Other operating charges -€19,433
down €19,433 (-86.2%), from €22,535 to €3,101
- Staff costs +€6,025
up €6,025 (+13.9%), from €43,285 to €49,311
- Gross operating margin -€5,096
down €5,096 (-3.8%), from €135,570 to €130,473
- Depreciation -€4,798
down €4,798 (-33.6%), from €14,272 to €9,474
- Financial income +€3,985
up €3,985 (+19,926,550%), from €0 to €3,985
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 | €369,740 | €121,340 | -€248,400 | -67.2% |
| Fixed assets | 21/28 | €33,948 | €24,474 | -€9,474 | -27.9% |
| Tangible fixed assets | 22/27 | €30,398 | €20,924 | -€9,474 | -31.2% |
| Land and buildings | 22 | €14,078 | €11,192 | -€2,886 | -20.5% |
| Plant, machinery and equipment | 23 | €16,321 | €9,732 | -€6,588 | -40.4% |
| Financial fixed assets | 28 | €3,550 | €3,550 | = | 0.0% |
| Current assets | 29/58 | €335,792 | €96,866 | -€238,926 | -71.2% |
| Stocks and contracts in progress | 3 | €600 | - | -€600 | |
| Stocks | 30/36 | €600 | - | -€600 | |
| Amounts receivable within one year | 40/41 | €295,216 | €94,305 | -€200,910 | -68.1% |
| Trade receivables | 40 | €112,787 | €84,329 | -€28,459 | -25.2% |
| Other amounts receivable | 41 | €182,428 | €9,976 | -€172,452 | -94.5% |
| Cash at bank and in hand | 54/58 | €33,284 | €0 | -€33,284 | -100% |
| Deferred charges and accrued income | 490/1 | €6,692 | €2,561 | -€4,131 | -61.7% |
| Total equity and liabilities | 10/49 | €369,740 | €121,340 | -€248,400 | -67.2% |
| Equity | 10/15 | -€165,693 | -€112,143 | +€53,550 | +32.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€186,153 | -€132,603 | +€53,550 | +28.8% |
| Amounts payable | 17/49 | €535,433 | €233,483 | -€301,949 | -56.4% |
| Amounts payable after more than one year | 17 | €6,962 | - | -€6,962 | |
| Financial debts | 170/4 | €6,962 | - | -€6,962 | |
| Amounts payable within one year | 42/48 | €528,471 | €233,483 | -€294,988 | -55.8% |
| Current portion of amounts payable after more than one year | 42 | €7,532 | €6,962 | -€571 | -7.6% |
| Financial debts | 43 | €105,000 | - | -€105,000 | |
| Credit institutions | 430/8 | €105,000 | - | -€105,000 | |
| Trade debts | 44 | €193,514 | €140,231 | -€53,283 | -27.5% |
| Suppliers | 440/4 | €193,514 | €140,231 | -€53,283 | -27.5% |
| Taxes, remuneration and social security | 45 | €52,834 | €24,349 | -€28,484 | -53.9% |
| Taxes | 450/3 | €37,261 | €10,477 | -€26,784 | -71.9% |
| Remuneration and social security | 454/9 | €15,573 | €13,872 | -€1,701 | -10.9% |
| Other amounts payable | 47/48 | €169,590 | €61,941 | -€107,650 | -63.5% |
| Non-recurring operating income | 76A | €8,500 | - | -€8,500 | |
| Remuneration, social security and pensions | 62 | €43,285 | €49,311 | +€6,025 | +13.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,272 | €9,474 | -€4,798 | -33.6% |
| Other operating charges | 640/8 | €22,535 | €3,101 | -€19,433 | -86.2% |
| Non-recurring operating charges | 66A | €10,162 | - | -€10,162 | |
| Gross operating margin | 9900 | €135,570 | €130,473 | -€5,096 | -3.8% |
| Operating profit (loss) | 9901 | €45,315 | €68,587 | +€23,272 | +51.4% |
| Financial income | 75/76B | €0 | €3,985 | +€3,985 | +19,926,550% |
| Recurring financial income | 75 | €0 | €3,985 | +€3,985 | +19,926,550% |
| Financial charges | 65/66B | €16,208 | €19,023 | +€2,814 | +17.4% |
| Recurring financial charges | 65 | €16,208 | €19,023 | +€2,814 | +17.4% |
| Profit (loss) for the period before taxes | 9903 | €29,107 | €53,550 | +€24,443 | +84.0% |
| Profit (loss) for the period | 9904 | €29,107 | €53,550 | +€24,443 | +84.0% |
| Profit (loss) for the period to be appropriated | 9905 | €29,107 | €53,550 | +€24,443 | +84.0% |
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 25 October 2026 via checked.be.