E. en D. DISTRIBUTION: 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.
What changed
E. en D. DISTRIBUTION
NACE 47.110, Non-specialised retail sale with food, beverages or tobacco predominating
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€458,067
2024 · €372,490+€85,578
Equity
€1.6m
2024 · €1.2m+€400,250
Cash
€357,964
2024 · €440,568-€82,604
Balance sheet total
€3.4m
2024 · €6.0m-€2.6m
Largest movements
Assets
- Tangible fixed assets -€1.4m
down €1.4m (-32.4%), from €4.2m to €2.8m
of which Plant, machinery and equipment: -€939,099
- Stocks and contracts -€689,809
no longer reported in 2025 (was €689,809)
- Receivables within one year -€435,163
down €435,163 (-76.9%), from €566,023 to €130,859
of which Other amounts receivable: -€358,569
- Cash -€82,604
down €82,604 (-18.7%), from €440,568 to €357,964
mainly Debts after one year (-€2.1m) and Current portion of long-term debt (-€312,523)
Equity and liabilities
- Debts after one year -€2.1m
down €2.1m (-61.1%), from €3.5m to €1.4m
of which Trade debts: -€1.2m
- Profit (loss) carried forward +€400,676
up €400,676 (+33.9%), from €1.2m to €1.6m
- Current portion of long-term debt -€312,523
down €312,523 (-51.8%), from €602,963 to €290,440
- Tax, wage and social debts -€202,715
down €202,715 (-98.0%), from €206,821 to €4,106
of which Remuneration and social security: -€167,854
- Other debts -€184,877
down €184,877 (-78.7%), from €234,877 to €50,000
Income statement
- Turnover -€17.9m
no longer reported in 2025 (was €17.9m)
- Goods and materials -€14.4m
no longer reported in 2025 (was €14.4m)
of which Purchases: -€14.4m
- Services and other goods -€1.6m
no longer reported in 2025 (was €1.6m)
- Staff costs -€1.5m
no longer reported in 2025 (was €1.5m)
- Gross operating margin +€1.1m
new in 2025: €1.1m
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.
Result 2024
€372,490
Turnover
-€17.9m
Other operating income
-€436,904
Goods and materials
+€14.4m
Services and other goods
+€1.6m
Staff costs
+€1.5m
Depreciation
+€140,680
Provisions
-€185,000
Other operating charges
-€90,365
Other operating items
+€1.0m
Financial income
-€289
Financial charges
+€53,078
Taxes
-€43,512
Result 2025
€458,067
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€1.4m
Investment
+€1.1m
Financing
-€2.5m
Cash 2024
€440,568
From operations (derived)
+€1.4m
Net result for the year
+€458,067
Depreciation
+€285,190
Smaller working-capital items
+€1,360
Stocks and contracts
+€689,809
Receivables within one year
+€435,163
Deferred charges and accrued income
+€20,174
Trade debts
-€144,518
Tax, wage and social debts
-€202,715
Other debts
-€184,877
Investment (derived)
+€1.1m
Investment in fixed assets (net)
+€1.1m
Financing
-€2.5m
Debts after one year
-€2.1m
Current portion of long-term debt
-€312,523
Short-term financial debts
-€50,420
Contributions, distributions and other
-€57,818
Cash 2025
€357,964
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,972,303 | €3,353,102 | -€2.6m | -43.9% |
| Fixed assets | 21/28 | €4,244,073 | €2,852,574 | -€1.4m | -32.8% |
| Intangible fixed assets | 21 | €25,000 | - | -€25,000 | |
| Tangible fixed assets | 22/27 | €4,213,093 | €2,847,879 | -€1.4m | -32.4% |
| Land and buildings | 22 | €2,728,961 | €2,519,047 | -€209,914 | -7.7% |
| Plant, machinery and equipment | 23 | €1,173,618 | €234,519 | -€939,099 | -80.0% |
| Furniture and vehicles | 24 | €310,515 | €94,314 | -€216,201 | -69.6% |
| Financial fixed assets | 28 | €5,979 | €4,694 | -€1,285 | -21.5% |
| Other financial fixed assets | 284/8 | €5,979 | - | -€5,979 | |
| Amounts receivable and cash guarantees | 285/8 | €5,979 | - | -€5,979 | |
| Current assets | 29/58 | €1,728,231 | €500,528 | -€1.2m | -71.0% |
| Amounts receivable after more than one year | 29 | €6,796 | €6,845 | +€48 | +0.7% |
| Other amounts receivable | 291 | €6,796 | €6,845 | +€48 | +0.7% |
| Stocks and contracts in progress | 3 | €689,809 | - | -€689,809 | |
| Stocks | 30/36 | €689,809 | - | -€689,809 | |
| Raw materials and consumables | 30/31 | €3,876 | - | -€3,876 | |
| Goods purchased for resale | 34 | €685,933 | - | -€685,933 | |
| Amounts receivable within one year | 40/41 | €566,023 | €130,859 | -€435,163 | -76.9% |
| Trade receivables | 40 | €80,637 | €4,043 | -€76,594 | -95.0% |
| Other amounts receivable | 41 | €485,386 | €126,817 | -€358,569 | -73.9% |
| Cash at bank and in hand | 54/58 | €440,568 | €357,964 | -€82,604 | -18.7% |
| Deferred charges and accrued income | 490/1 | €25,035 | €4,861 | -€20,174 | -80.6% |
| Total equity and liabilities | 10/49 | €5,972,303 | €3,353,102 | -€2.6m | -43.9% |
| Equity | 10/15 | €1,248,977 | €1,649,227 | +€400,250 | +32.0% |
| Contributions | 10/11 | €61,973 | €61,585 | -€388 | -0.6% |
| Capital | 10 | €61,973 | €61,585 | -€388 | -0.6% |
| Issued capital | 100 | €61,973 | €61,585 | -€388 | -0.6% |
| Reserves | 13 | €6,197 | €6,159 | -€39 | -0.6% |
| Non-distributable reserves | 130/1 | €6,197 | €6,159 | -€39 | -0.6% |
| Legal reserve | 130 | €6,197 | €6,159 | -€39 | -0.6% |
| Profit (loss) carried forward | 14 | €1,180,806 | €1,581,483 | +€400,676 | +33.9% |
| Amounts payable | 17/49 | €4,723,326 | €1,703,876 | -€3.0m | -63.9% |
| Amounts payable after more than one year | 17 | €3,479,742 | €1,353,936 | -€2.1m | -61.1% |
| Financial debts | 170/4 | €2,279,742 | €1,353,936 | -€925,807 | -40.6% |
| Credit institutions | 173 | €2,279,742 | - | -€2.3m | |
| Trade debts | 175 | €1,200,000 | - | -€1.2m | |
| Suppliers | 1750 | €1,200,000 | - | -€1.2m | |
| Amounts payable within one year | 42/48 | €1,242,191 | €347,138 | -€895,053 | -72.1% |
| Current portion of amounts payable after more than one year | 42 | €602,963 | €290,440 | -€312,523 | -51.8% |
| Financial debts | 43 | €50,420 | - | -€50,420 | |
| Credit institutions | 430/8 | €50,420 | - | -€50,420 | |
| Trade debts | 44 | €147,110 | €2,592 | -€144,518 | -98.2% |
| Suppliers | 440/4 | €147,110 | €2,592 | -€144,518 | -98.2% |
| Taxes, remuneration and social security | 45 | €206,821 | €4,106 | -€202,715 | -98.0% |
| Taxes | 450/3 | €38,966 | €4,106 | -€34,860 | -89.5% |
| Remuneration and social security | 454/9 | €167,854 | - | -€167,854 | |
| Other amounts payable | 47/48 | €234,877 | €50,000 | -€184,877 | -78.7% |
| Accrued charges and deferred income | 492/3 | €1,393 | €2,802 | +€1,409 | +101% |
| Operating income | 70/76A | €18,363,879 | - | -€18.4m | |
| Turnover | 70 | €17,902,976 | - | -€17.9m | |
| Other operating income | 74 | €436,904 | - | -€436,904 | |
| Non-recurring operating income | 76A | €24,000 | - | -€24,000 | |
| Operating charges | 60/66A | €17,777,392 | - | -€17.8m | |
| Goods for resale, raw materials and consumables | 60 | €14,408,210 | - | -€14.4m | |
| Purchases | 600/8 | €14,437,021 | - | -€14.4m | |
| Change in stocks: decrease (increase) | 609 | -€28,811 | - | +€28,811 | |
| Services and other goods | 61 | €1,613,313 | - | -€1.6m | |
| Remuneration, social security and pensions | 62 | €1,508,460 | - | -€1.5m | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €425,871 | €285,190 | -€140,680 | -33.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€185,000 | - | +€185,000 | |
| Other operating charges | 640/8 | €6,538 | €96,904 | +€90,365 | +1,382% |
| Non-recurring operating charges | 66A | - | €17,135 | +€17,135 | |
| Gross operating margin | 9900 | - | €1,062,016 | +€1.1m | |
| Operating profit (loss) | 9901 | €586,488 | €662,787 | +€76,299 | +13.0% |
| Financial income | 75/76B | €301 | €13 | -€289 | -95.8% |
| Recurring financial income | 75 | €301 | €13 | -€289 | -95.8% |
| Other financial income | 752/9 | €301 | - | -€301 | |
| Financial charges | 65/66B | €82,631 | €29,552 | -€53,078 | -64.2% |
| Recurring financial charges | 65 | €82,631 | €29,552 | -€53,078 | -64.2% |
| Debt charges | 650 | €57,983 | - | -€57,983 | |
| Other financial charges | 652/9 | €24,648 | - | -€24,648 | |
| Profit (loss) for the period before taxes | 9903 | €504,158 | €633,247 | +€129,089 | +25.6% |
| Income taxes | 67/77 | €131,668 | €175,180 | +€43,512 | +33.0% |
| Taxes | 670/3 | €131,668 | - | -€131,668 | |
| Profit (loss) for the period | 9904 | €372,490 | €458,067 | +€85,578 | +23.0% |
| Profit (loss) for the period to be appropriated | 9905 | €372,490 | €458,067 | +€85,578 | +23.0% |
Source: filed annual accounts (NBB), financial years ended 31 May 2024 and 31 May 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.