DSTRCT F: 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.
DSTRCT F
Largest movements
- Cash -€50,474
down €50,474 (-74.1%), from €68,079 to €17,604
mainly Contributions, distributions and other (-€87,735) and Receivables within one year (-€38,159)
- Receivables within one year +€38,159
up €38,159 (+625%), from €6,110 to €44,268
of which Trade receivables: +€36,029
- Tangible fixed assets -€6,966
down €6,966 (-22.5%), from €30,929 to €23,964
of which Plant, machinery and equipment: -€3,483
- Deferred charges and accrued income -€2,115
down €2,115 (-69.4%), from €3,049 to €934
- Reserves -€40,468
down €40,468 (-64.1%), from €63,141 to €22,674
- Other debts +€27,735
up €27,735, from €0 to €27,735
- Contributions -€9,500
down €9,500 (-38.0%), from €25,000 to €15,500
- Current portion of long-term debt -€8,909
down €8,909 (-100%), from €8,909 to €0
- Tax, wage and social debts +€6,330
up €6,330 (+72.7%), from €8,712 to €15,042
- Gross operating margin +€15,226
up €15,226 (+30.1%), from €50,509 to €65,735
- Taxes +€3,186
up €3,186 (+40.3%), from €7,904 to €11,089
- Depreciation +€1,943
up €1,943 (+16.7%), from €11,625 to €13,568
- Other operating charges +€831
up €831 (+269%), from €309 to €1,139
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 | €108,352 | €86,956 | -€21,396 | -19.7% |
| Fixed assets | 21/28 | €31,114 | €24,150 | -€6,965 | -22.4% |
| Tangible fixed assets | 22/27 | €30,929 | €23,964 | -€6,966 | -22.5% |
| Plant, machinery and equipment | 23 | €23,797 | €20,313 | -€3,483 | -14.6% |
| Furniture and vehicles | 24 | €7,133 | €3,650 | -€3,482 | -48.8% |
| Financial fixed assets | 28 | €185 | €186 | +€1 | +0.5% |
| Current assets | 29/58 | €77,238 | €62,806 | -€14,431 | -18.7% |
| Amounts receivable within one year | 40/41 | €6,110 | €44,268 | +€38,159 | +625% |
| Trade receivables | 40 | €4,530 | €40,559 | +€36,029 | +795% |
| Other amounts receivable | 41 | €1,580 | €3,709 | +€2,129 | +135% |
| Cash at bank and in hand | 54/58 | €68,079 | €17,604 | -€50,474 | -74.1% |
| Deferred charges and accrued income | 490/1 | €3,049 | €934 | -€2,115 | -69.4% |
| Total equity and liabilities | 10/49 | €108,352 | €86,956 | -€21,396 | -19.7% |
| Equity | 10/15 | €88,141 | €38,174 | -€49,968 | -56.7% |
| Contributions | 10/11 | €25,000 | €15,500 | -€9,500 | -38.0% |
| Reserves | 13 | €63,141 | €22,674 | -€40,468 | -64.1% |
| Distributable reserves | 133 | €63,141 | €22,674 | -€40,468 | -64.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €20,211 | €48,783 | +€28,572 | +141% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €20,211 | €48,783 | +€28,572 | +141% |
| Current portion of amounts payable after more than one year | 42 | €8,909 | €0 | -€8,909 | -100% |
| Trade debts | 44 | €2,589 | €6,005 | +€3,416 | +132% |
| Suppliers | 440/4 | €2,589 | €6,005 | +€3,416 | +132% |
| Taxes, remuneration and social security | 45 | €8,712 | €15,042 | +€6,330 | +72.7% |
| Taxes | 450/3 | €8,712 | €15,042 | +€6,330 | +72.7% |
| Other amounts payable | 47/48 | €0 | €27,735 | +€27,735 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,625 | €13,568 | +€1,943 | +16.7% |
| Other operating charges | 640/8 | €309 | €1,139 | +€831 | +269% |
| Gross operating margin | 9900 | €50,509 | €65,735 | +€15,226 | +30.1% |
| Operating profit (loss) | 9901 | €38,575 | €51,028 | +€12,453 | +32.3% |
| Financial income | 75/76B | €0 | €130 | +€130 | +1,301,800% |
| Recurring financial income | 75 | €0 | €130 | +€130 | +1,301,800% |
| Financial charges | 65/66B | €2,651 | €2,301 | -€349 | -13.2% |
| Recurring financial charges | 65 | €2,651 | €2,301 | -€349 | -13.2% |
| Profit (loss) for the period before taxes | 9903 | €35,924 | €48,857 | +€12,932 | +36.0% |
| Income taxes | 67/77 | €7,904 | €11,089 | +€3,186 | +40.3% |
| Profit (loss) for the period | 9904 | €28,021 | €37,768 | +€9,747 | +34.8% |
| Profit (loss) for the period to be appropriated | 9905 | €28,021 | €37,768 | +€9,747 | +34.8% |
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 22 October 2026 via checked.be.