FL DISTRIBUTION: what changed
FL DISTRIBUTION
Largest movements
- Receivables within one year +€25,724
up €25,724 (+97.2%), from €26,457 to €52,181
of which Other amounts receivable: +€22,592
- Stocks and contracts -€14,000
no longer reported in 2025 (was €14,000)
- Cash -€4,320
down €4,320 (-62.2%), from €6,945 to €2,625
mainly Contributions, distributions and other (-€39,880) and Receivables within one year (-€25,724)
- Tangible fixed assets -€1,221
down €1,221 (-60.1%), from €2,031 to €810
- Tax, wage and social debts +€19,931
up €19,931 (+224%), from €8,897 to €28,828
- Debts after one year -€8,922
no longer reported in 2025 (was €8,922)
- Profit (loss) carried forward -€3,974
no longer reported in 2025 (was €3,974)
- Current portion of long-term debt -€1,463
down €1,463 (-14.1%), from €10,384 to €8,922
- Trade debts +€1,042
up €1,042 (+8.3%), from €12,502 to €13,545
- Gross operating margin +€21,183
up €21,183 (+65.4%), from €32,385 to €53,568
- Taxes +€11,051
up €11,051 (+350%), from €3,155 to €14,206
- Financial charges -€1,514
down €1,514 (-57.9%), from €2,617 to €1,103
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €49,680 | €56,294 | +€6,614 | +13.3% |
| Fixed assets | 21/28 | €2,031 | €810 | -€1,221 | -60.1% |
| Tangible fixed assets | 22/27 | €2,031 | €810 | -€1,221 | -60.1% |
| Plant, machinery and equipment | 23 | €2,031 | €810 | -€1,221 | -60.1% |
| Current assets | 29/58 | €47,649 | €55,485 | +€7,835 | +16.4% |
| Stocks and contracts in progress | 3 | €14,000 | - | -€14,000 | |
| Stocks | 30/36 | €14,000 | - | -€14,000 | |
| Amounts receivable within one year | 40/41 | €26,457 | €52,181 | +€25,724 | +97.2% |
| Trade receivables | 40 | €10,000 | €13,132 | +€3,132 | +31.3% |
| Other amounts receivable | 41 | €16,457 | €39,049 | +€22,592 | +137% |
| Cash at bank and in hand | 54/58 | €6,945 | €2,625 | -€4,320 | -62.2% |
| Deferred charges and accrued income | 490/1 | €247 | €679 | +€432 | +175% |
| Total equity and liabilities | 10/49 | €49,680 | €56,294 | +€6,614 | +13.3% |
| Equity | 10/15 | €8,974 | €5,000 | -€3,974 | -44.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,974 | - | -€3,974 | |
| Amounts payable | 17/49 | €40,706 | €51,294 | +€10,589 | +26.0% |
| Amounts payable after more than one year | 17 | €8,922 | - | -€8,922 | |
| Financial debts | 170/4 | €8,922 | - | -€8,922 | |
| Amounts payable within one year | 42/48 | €31,784 | €51,294 | +€19,510 | +61.4% |
| Current portion of amounts payable after more than one year | 42 | €10,384 | €8,922 | -€1,463 | -14.1% |
| Trade debts | 44 | €12,502 | €13,545 | +€1,042 | +8.3% |
| Suppliers | 440/4 | €12,502 | €13,545 | +€1,042 | +8.3% |
| Taxes, remuneration and social security | 45 | €8,897 | €28,828 | +€19,931 | +224% |
| Taxes | 450/3 | €8,897 | €28,828 | +€19,931 | +224% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,607 | €1,221 | -€386 | -24.0% |
| Other operating charges | 640/8 | €1,513 | €1,133 | -€381 | -25.1% |
| Gross operating margin | 9900 | €32,385 | €53,568 | +€21,183 | +65.4% |
| Operating profit (loss) | 9901 | €29,264 | €51,214 | +€21,950 | +75.0% |
| Financial income | 75/76B | €48 | - | -€48 | |
| Recurring financial income | 75 | €48 | - | -€48 | |
| Financial charges | 65/66B | €2,617 | €1,103 | -€1,514 | -57.9% |
| Recurring financial charges | 65 | €2,617 | €1,103 | -€1,514 | -57.9% |
| Profit (loss) for the period before taxes | 9903 | €26,695 | €50,111 | +€23,416 | +87.7% |
| Income taxes | 67/77 | €3,155 | €14,206 | +€11,051 | +350% |
| Profit (loss) for the period | 9904 | €23,540 | €35,905 | +€12,365 | +52.5% |
| Profit (loss) for the period to be appropriated | 9905 | €23,540 | €35,905 | +€12,365 | +52.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.