FD 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.
FD DISTRIBUTION
Largest movements
- Receivables within one year -€22,864
down €22,864 (-36.9%), from €61,946 to €39,082
of which Trade receivables: -€16,460
- Deferred charges and accrued income +€8,797
new in 2025: €8,797
- Contributions +€12,400
up €12,400 (+200.0%), from €6,200 to €18,600
- Profit (loss) carried forward -€12,111
down €12,111 (-8.1%), from €148,956 to €136,845
- Trade debts -€9,984
down €9,984 (-93.7%), from €10,656 to €672
- Tax, wage and social debts -€7,160
down €7,160 (-13.7%), from €52,254 to €45,094
- Short-term financial debts +€2,972
up €2,972 (+147.2%), from €2,020 to €4,992
- Taxes +€9,984
new in 2025: €9,984
- Gross operating margin -€1,770
down €1,770, from €602 to -€1,168
- Financial charges +€374
up €374 (+81.9%), from €456 to €830
- Other operating charges +€66
up €66 (+104.7%), from €63 to €129
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 | €221,946 | €208,063 | -€13,883 | -6.3% |
| Current assets | 29/58 | €221,946 | €208,063 | -€13,883 | -6.3% |
| Amounts receivable after more than one year | 29 | €160,000 | €160,000 | = | 0.0% |
| Other amounts receivable | 291 | €160,000 | €160,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €61,946 | €39,082 | -€22,864 | -36.9% |
| Trade receivables | 40 | €35,387 | €18,927 | -€16,460 | -46.5% |
| Other amounts receivable | 41 | €26,559 | €20,155 | -€6,404 | -24.1% |
| Cash at bank and in hand | 54/58 | - | €184 | +€184 | |
| Deferred charges and accrued income | 490/1 | - | €8,797 | +€8,797 | |
| Total equity and liabilities | 10/49 | €221,946 | €208,063 | -€13,883 | -6.3% |
| Equity | 10/15 | €157,016 | €157,305 | +€289 | +0.2% |
| Contributions | 10/11 | €6,200 | €18,600 | +€12,400 | +200.0% |
| Contributions outside capital | 11 | €6,200 | - | -€6,200 | |
| Other | 1109/19 | €6,200 | - | -€6,200 | |
| 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 | €148,956 | €136,845 | -€12,111 | -8.1% |
| Amounts payable | 17/49 | €64,930 | €50,758 | -€14,172 | -21.8% |
| Amounts payable within one year | 42/48 | €64,930 | €50,758 | -€14,172 | -21.8% |
| Financial debts | 43 | €2,020 | €4,992 | +€2,972 | +147.2% |
| Credit institutions | 430/8 | €2,020 | €4,992 | +€2,972 | +147.2% |
| Trade debts | 44 | €10,656 | €672 | -€9,984 | -93.7% |
| Suppliers | 440/4 | €10,656 | €672 | -€9,984 | -93.7% |
| Taxes, remuneration and social security | 45 | €52,254 | €45,094 | -€7,160 | -13.7% |
| Taxes | 450/3 | €52,254 | €45,094 | -€7,160 | -13.7% |
| Other operating charges | 640/8 | €63 | €129 | +€66 | +104.7% |
| Gross operating margin | 9900 | €602 | -€1,168 | -€1,770 | |
| Operating profit (loss) | 9901 | €539 | -€1,297 | -€1,836 | |
| Financial charges | 65/66B | €456 | €830 | +€374 | +81.9% |
| Recurring financial charges | 65 | €456 | €830 | +€374 | +81.9% |
| Profit (loss) for the period before taxes | 9903 | €82 | -€2,127 | -€2,209 | |
| Income taxes | 67/77 | - | €9,984 | +€9,984 | |
| Profit (loss) for the period | 9904 | €82 | -€12,111 | -€12,193 | |
| Profit (loss) for the period to be appropriated | 9905 | €82 | -€12,111 | -€12,193 |
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 9 October 2026 via checked.be.