ES-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.
ES-DISTRIBUTION
Largest movements
- Cash -€4,979
down €4,979 (-54.3%), from €9,167 to €4,188
mainly Net result for the year (-€2,827) and Receivables within one year (-€1,337)
- Receivables within one year +€1,337
up €1,337 (+10.4%), from €12,835 to €14,172
of which Other amounts receivable: +€1,337
- Profit (loss) carried forward -€2,827
down €2,827 (-8.7%), from -€32,610 to -€35,437
- Trade debts -€1,309
down €1,309 (-7.5%), from €17,352 to €16,043
- Other debts +€495
up €495 (+2.9%), from €16,868 to €17,362
- Financial charges -€215
down €215 (-28.1%), from €764 to €549
- Gross operating margin +€153
up €153 (+8.6%), from -€1,772 to -€1,619
- Other operating charges -€42
down €42 (-6.0%), from €701 to €659
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.
Cash bridge derived
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 | €22,069 | €18,428 | -€3,641 | -16.5% |
| Current assets | 29/58 | €22,069 | €18,428 | -€3,641 | -16.5% |
| Stocks and contracts in progress | 3 | €67 | €67 | = | 0.0% |
| Stocks | 30/36 | €67 | €67 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €12,835 | €14,172 | +€1,337 | +10.4% |
| Trade receivables | 40 | €12,541 | €12,541 | = | 0.0% |
| Other amounts receivable | 41 | €293 | €1,631 | +€1,337 | +455.7% |
| Cash at bank and in hand | 54/58 | €9,167 | €4,188 | -€4,979 | -54.3% |
| Total equity and liabilities | 10/49 | €22,069 | €18,428 | -€3,641 | -16.5% |
| Equity | 10/15 | -€12,150 | -€14,977 | -€2,827 | -23.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€32,610 | -€35,437 | -€2,827 | -8.7% |
| Amounts payable | 17/49 | €34,219 | €33,405 | -€814 | -2.4% |
| Amounts payable within one year | 42/48 | €34,219 | €33,405 | -€814 | -2.4% |
| Trade debts | 44 | €17,352 | €16,043 | -€1,309 | -7.5% |
| Suppliers | 440/4 | €17,352 | €16,043 | -€1,309 | -7.5% |
| Other amounts payable | 47/48 | €16,868 | €17,362 | +€495 | +2.9% |
| Other operating charges | 640/8 | €701 | €659 | -€42 | -6.0% |
| Gross operating margin | 9900 | -€1,772 | -€1,619 | +€153 | +8.6% |
| Operating profit (loss) | 9901 | -€2,472 | -€2,278 | +€195 | +7.9% |
| Financial charges | 65/66B | €764 | €549 | -€215 | -28.1% |
| Recurring financial charges | 65 | €764 | €549 | -€215 | -28.1% |
| Profit (loss) for the period before taxes | 9903 | -€3,236 | -€2,827 | +€410 | +12.7% |
| Profit (loss) for the period | 9904 | -€3,236 | -€2,827 | +€410 | +12.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,236 | -€2,827 | +€410 | +12.7% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.