EXON 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.
EXON DISTRIBUTION
Largest movements
- Tangible fixed assets -€82,154
no longer reported in 2025 (was €82,154)
- Receivables within one year -€59,371
down €59,371 (-28.0%), from €211,853 to €152,481
of which Other amounts receivable: -€42,131
- Trade debts -€101,709
down €101,709 (-28.1%), from €362,587 to €260,878
- Profit (loss) carried forward -€84,528
down €84,528 (-36.1%), from -€234,086 to -€318,615
- Tax, wage and social debts +€23,899
up €23,899 (+160%), from €14,975 to €38,874
of which Taxes: +€33,158
- Advances received +€23,646
new in 2025: €23,646
- Other debts -€5,009
down €5,009 (-3.6%), from €138,637 to €133,629
- Gross operating margin +€267,415
up €267,415, from -€264,544 to €2,871
- Other operating charges +€27,161
up €27,161 (+2,572%), from €1,056 to €28,217
- Depreciation -€15,029
no longer reported in 2025 (was €15,029)
- Financial charges +€5,879
up €5,879 (+962%), from €611 to €6,490
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 | €296,373 | €152,672 | -€143,701 | -48.5% |
| Fixed assets | 21/28 | €82,154 | - | -€82,154 | |
| Tangible fixed assets | 22/27 | €82,154 | - | -€82,154 | |
| Plant, machinery and equipment | 23 | €82,154 | - | -€82,154 | |
| Current assets | 29/58 | €214,219 | €152,672 | -€61,548 | -28.7% |
| Amounts receivable within one year | 40/41 | €211,853 | €152,481 | -€59,371 | -28.0% |
| Trade receivables | 40 | €168,706 | €151,465 | -€17,241 | -10.2% |
| Other amounts receivable | 41 | €43,147 | €1,016 | -€42,131 | -97.6% |
| Cash at bank and in hand | 54/58 | €2,367 | €190 | -€2,176 | -92.0% |
| Total equity and liabilities | 10/49 | €296,373 | €152,672 | -€143,701 | -48.5% |
| Equity | 10/15 | -€219,826 | -€304,355 | -€84,528 | -38.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 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 | -€234,086 | -€318,615 | -€84,528 | -36.1% |
| Amounts payable | 17/49 | €516,199 | €457,026 | -€59,173 | -11.5% |
| Amounts payable within one year | 42/48 | €516,199 | €457,026 | -€59,173 | -11.5% |
| Trade debts | 44 | €362,587 | €260,878 | -€101,709 | -28.1% |
| Suppliers | 440/4 | €362,587 | €260,878 | -€101,709 | -28.1% |
| Advances received on contracts in progress | 46 | - | €23,646 | +€23,646 | |
| Taxes, remuneration and social security | 45 | €14,975 | €38,874 | +€23,899 | +160% |
| Taxes | 450/3 | €5,716 | €38,874 | +€33,158 | +580% |
| Remuneration and social security | 454/9 | €9,259 | - | -€9,259 | |
| Other amounts payable | 47/48 | €138,637 | €133,629 | -€5,009 | -3.6% |
| Remuneration, social security and pensions | 62 | €54,162 | €52,480 | -€1,681 | -3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,029 | - | -€15,029 | |
| Other operating charges | 640/8 | €1,056 | €28,217 | +€27,161 | +2,572% |
| Non-recurring operating charges | 66A | - | €211 | +€211 | |
| Gross operating margin | 9900 | -€264,544 | €2,871 | +€267,415 | |
| Operating profit (loss) | 9901 | -€334,790 | -€78,038 | +€256,752 | +76.7% |
| Financial income | 75/76B | €3 | €0 | -€3 | -94.0% |
| Recurring financial income | 75 | €3 | €0 | -€3 | -94.0% |
| Financial charges | 65/66B | €611 | €6,490 | +€5,879 | +962% |
| Recurring financial charges | 65 | €611 | €6,490 | +€5,879 | +962% |
| Profit (loss) for the period before taxes | 9903 | -€335,398 | -€84,528 | +€250,870 | +74.8% |
| Income taxes | 67/77 | - | €0 | +€0 | |
| Profit (loss) for the period | 9904 | -€335,398 | -€84,528 | +€250,870 | +74.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€335,398 | -€84,528 | +€250,870 | +74.8% |
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 20 October 2026 via checked.be.