DISTRIWAL: 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.
DISTRIWAL
Largest movements
- Cash +€116,025
up €116,025 (+689.2%), from €16,834 to €132,860
mainly Trade debts (+€129,258) and Net result for the year (+€97,502)
- Tangible fixed assets -€48,583
down €48,583 (-10.0%), from €486,932 to €438,349
of which Plant, machinery and equipment: -€45,844
- Stocks and contracts +€37,420
up €37,420 (+10.2%), from €365,737 to €403,157
- Trade debts +€129,258
up €129,258 (+40.3%), from €320,673 to €449,931
- Debts after one year -€115,364
down €115,364 (-25.5%), from €453,030 to €337,666
- Profit (loss) carried forward +€97,502
up €97,502 (+85.4%), from -€114,139 to -€16,636
- Tax, wage and social debts +€11,096
up €11,096 (+18.6%), from €59,795 to €70,891
of which Taxes: +€9,998
- Gross operating margin +€152,260
up €152,260 (+23.8%), from €638,538 to €790,798
- Taxes +€11,266
up €11,266 (+3178.0%), from €355 to €11,621
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €928,427 | €1,045,097 | +€116,669 | +12.6% |
| Formation expenses | 20 | €1,284 | €1,030 | -€254 | -19.8% |
| Fixed assets | 21/28 | €488,432 | €439,849 | -€48,583 | -9.9% |
| Tangible fixed assets | 22/27 | €486,932 | €438,349 | -€48,583 | -10.0% |
| Plant, machinery and equipment | 23 | €478,438 | €432,594 | -€45,844 | -9.6% |
| Furniture and vehicles | 24 | €8,494 | €5,755 | -€2,739 | -32.3% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €438,711 | €604,218 | +€165,507 | +37.7% |
| Stocks and contracts in progress | 3 | €365,737 | €403,157 | +€37,420 | +10.2% |
| Stocks | 30/36 | €365,737 | €403,157 | +€37,420 | +10.2% |
| Amounts receivable within one year | 40/41 | €41,259 | €44,290 | +€3,031 | +7.3% |
| Trade receivables | 40 | €41,246 | €44,275 | +€3,029 | +7.3% |
| Other amounts receivable | 41 | €13 | €14 | +€2 | +14.1% |
| Cash at bank and in hand | 54/58 | €16,834 | €132,860 | +€116,025 | +689.2% |
| Deferred charges and accrued income | 490/1 | €14,880 | €23,911 | +€9,031 | +60.7% |
| Total equity and liabilities | 10/49 | €928,427 | €1,045,097 | +€116,669 | +12.6% |
| Equity | 10/15 | -€34,574 | €62,928 | +€97,502 | |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Contributions outside capital | 11 | €20,000 | €20,000 | = | 0.0% |
| Other | 1109/19 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €59,564 | €59,564 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,418 | €1,418 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,418 | €1,418 | = | 0.0% |
| Distributable reserves | 133 | €58,147 | €58,147 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€114,139 | -€16,636 | +€97,502 | +85.4% |
| Amounts payable | 17/49 | €963,002 | €982,169 | +€19,167 | +2.0% |
| Amounts payable after more than one year | 17 | €453,030 | €337,666 | -€115,364 | -25.5% |
| Financial debts | 170/4 | €453,030 | €337,666 | -€115,364 | -25.5% |
| Amounts payable within one year | 42/48 | €494,118 | €631,485 | +€137,367 | +27.8% |
| Current portion of amounts payable after more than one year | 42 | €113,610 | €110,622 | -€2,988 | -2.6% |
| Trade debts | 44 | €320,673 | €449,931 | +€129,258 | +40.3% |
| Suppliers | 440/4 | €320,673 | €449,931 | +€129,258 | +40.3% |
| Taxes, remuneration and social security | 45 | €59,795 | €70,891 | +€11,096 | +18.6% |
| Taxes | 450/3 | €6,284 | €16,283 | +€9,998 | +159.1% |
| Remuneration and social security | 454/9 | €53,511 | €54,609 | +€1,098 | +2.1% |
| Other amounts payable | 47/48 | €40 | €40 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €15,854 | €13,018 | -€2,835 | -17.9% |
| Remuneration, social security and pensions | 62 | €560,147 | €555,870 | -€4,278 | -0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,728 | €60,118 | +€2,390 | +4.1% |
| Other operating charges | 640/8 | €23,527 | €24,985 | +€1,458 | +6.2% |
| Non-recurring operating charges | 66A | - | €1,000 | +€1,000 | |
| Gross operating margin | 9900 | €638,538 | €790,798 | +€152,260 | +23.8% |
| Operating profit (loss) | 9901 | -€2,864 | €148,826 | +€151,690 | |
| Financial income | 75/76B | €263 | €918 | +€655 | +248.7% |
| Recurring financial income | 75 | €263 | €918 | +€655 | +248.7% |
| Financial charges | 65/66B | €43,124 | €40,621 | -€2,503 | -5.8% |
| Recurring financial charges | 65 | €43,124 | €40,621 | -€2,503 | -5.8% |
| Profit (loss) for the period before taxes | 9903 | -€45,725 | €109,123 | +€154,848 | |
| Income taxes | 67/77 | €355 | €11,621 | +€11,266 | +3178.0% |
| Profit (loss) for the period | 9904 | -€46,079 | €97,502 | +€143,581 | |
| Profit (loss) for the period to be appropriated | 9905 | -€46,079 | €97,502 | +€143,581 |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.