FORCE DISTRIBUTION: what changed
Two fiscal 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
FORCE DISTRIBUTION
NACE 47.110, Non-specialised retail sale with food, beverages or tobacco predominating
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€805,909
2024 · €727,856+€78,054
Equity
€1.8m
2024 · €1.0m+€805,909
Cash
€213,029
2024 · €109,232+€103,796
Balance sheet total
€4.3m
2024 · €3.7m+€539,454
Largest movements
Assets
- Receivables within one year +€410,674
up €410,674 (+15.3%), from €2.7m to €3.1m
of which Other amounts receivable: +€404,975
- Cash +€103,796
up €103,796 (+95.0%), from €109,232 to €213,029
mainly Net result for the year (+€805,909) and Tax, wage and social debts (+€237,308)
- Tangible fixed assets +€46,880
up €46,880 (+12.7%), from €367,930 to €414,811
of which Plant, machinery and equipment: +€50,509
Equity and liabilities
- Reserves +€720,000
up €720,000 (+2400.0%), from €30,000 to €750,000
of which Distributable reserves: +€720,000
- Tax, wage and social debts +€237,308
up €237,308 (+69.6%), from €341,032 to €578,340
of which Taxes: +€172,394
- Other debts -€232,996
down €232,996 (-94.5%), from €246,621 to €13,624
- Trade debts -€158,598
down €158,598 (-9.2%), from €1.7m to €1.6m
- Profit (loss) carried forward +€85,909
up €85,909 (+12.1%), from €708,294 to €794,203
Income statement
- Goods and materials +€352,805
up €352,805 (+2.4%), from €14.7m to €15.0m
of which Purchases: +€247,951
- Other operating income +€297,520
up €297,520 (+133.0%), from €223,759 to €521,279
- Services and other goods -€283,352
down €283,352 (-13.7%), from €2.1m to €1.8m
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
€727,856
Turnover
+€49,827
Other operating income
+€297,520
Goods and materials
-€352,805
Services and other goods
+€283,352
Staff costs
-€93,790
Depreciation
-€24,171
Other operating charges
+€61,577
Other operating items
+€137
Financial income
+€109
Financial charges
+€6,377
Taxes
-€150,079
Result 2025
€805,909
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.
From operations
+€424,848
Investment
-€208,882
Financing
-€112,169
Cash 2024
€109,232
From operations (derived)
+€424,848
Net result for the year
+€805,909
Depreciation
+€162,002
Stocks and contracts
+€33,003
Receivables within one year
-€410,674
Deferred charges and accrued income
-€11,107
Trade debts
-€158,598
Tax, wage and social debts
+€237,308
Other debts
-€232,996
Investment (derived)
-€208,882
Investment in fixed assets (net)
-€208,882
Financing
-€112,169
Debts after one year
-€62,904
Current portion of long-term debt
-€49,265
Cash 2025
€213,029
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,725,674 | €4,265,128 | +€539,454 | +14.5% |
| Fixed assets | 21/28 | €375,315 | €422,195 | +€46,880 | +12.5% |
| Tangible fixed assets | 22/27 | €367,930 | €414,811 | +€46,880 | +12.7% |
| Land and buildings | 22 | €50,144 | €30,962 | -€19,182 | -38.3% |
| Plant, machinery and equipment | 23 | €313,072 | €363,580 | +€50,509 | +16.1% |
| Furniture and vehicles | 24 | €4,715 | €17,869 | +€13,154 | +279.0% |
| Other tangible fixed assets | 26 | - | €2,400 | +€2,400 | |
| Financial fixed assets | 28 | €7,384 | €7,384 | = | 0.0% |
| Other financial fixed assets | 284/8 | €7,384 | €7,384 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €7,384 | €7,384 | = | 0.0% |
| Current assets | 29/58 | €3,350,359 | €3,842,933 | +€492,574 | +14.7% |
| Stocks and contracts in progress | 3 | €396,463 | €363,460 | -€33,003 | -8.3% |
| Stocks | 30/36 | €396,463 | €363,460 | -€33,003 | -8.3% |
| Goods purchased for resale | 34 | €396,463 | €363,460 | -€33,003 | -8.3% |
| Amounts receivable within one year | 40/41 | €2,692,905 | €3,103,579 | +€410,674 | +15.3% |
| Trade receivables | 40 | - | €5,699 | +€5,699 | |
| Other amounts receivable | 41 | €2,692,905 | €3,097,880 | +€404,975 | +15.0% |
| Cash at bank and in hand | 54/58 | €109,232 | €213,029 | +€103,796 | +95.0% |
| Deferred charges and accrued income | 490/1 | €151,759 | €162,866 | +€11,107 | +7.3% |
| Total equity and liabilities | 10/49 | €3,725,674 | €4,265,128 | +€539,454 | +14.5% |
| Equity | 10/15 | €1,038,294 | €1,844,203 | +€805,909 | +77.6% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Capital | 10 | €300,000 | €300,000 | = | 0.0% |
| Issued capital | 100 | €300,000 | €300,000 | = | 0.0% |
| Reserves | 13 | €30,000 | €750,000 | +€720,000 | +2400.0% |
| Non-distributable reserves | 130/1 | €30,000 | €30,000 | = | 0.0% |
| Legal reserve | 130 | €30,000 | €30,000 | = | 0.0% |
| Distributable reserves | 133 | - | €720,000 | +€720,000 | |
| Profit (loss) carried forward | 14 | €708,294 | €794,203 | +€85,909 | +12.1% |
| Amounts payable | 17/49 | €2,687,380 | €2,420,925 | -€266,455 | -9.9% |
| Amounts payable after more than one year | 17 | €116,072 | €53,168 | -€62,904 | -54.2% |
| Financial debts | 170/4 | €116,072 | €53,168 | -€62,904 | -54.2% |
| Credit institutions | 173 | €116,072 | €53,168 | -€62,904 | -54.2% |
| Amounts payable within one year | 42/48 | €2,427,608 | €2,224,057 | -€203,551 | -8.4% |
| Current portion of amounts payable after more than one year | 42 | €112,169 | €62,904 | -€49,265 | -43.9% |
| Trade debts | 44 | €1,727,787 | €1,569,189 | -€158,598 | -9.2% |
| Suppliers | 440/4 | €1,727,787 | €1,569,189 | -€158,598 | -9.2% |
| Taxes, remuneration and social security | 45 | €341,032 | €578,340 | +€237,308 | +69.6% |
| Taxes | 450/3 | €265,447 | €437,841 | +€172,394 | +64.9% |
| Remuneration and social security | 454/9 | €75,585 | €140,499 | +€64,914 | +85.9% |
| Other amounts payable | 47/48 | €246,621 | €13,624 | -€232,996 | -94.5% |
| Accrued charges and deferred income | 492/3 | €143,700 | €143,700 | = | 0.0% |
| Operating income | 70/76A | €19,849,005 | €20,196,353 | +€347,348 | +1.7% |
| Turnover | 70 | €19,625,247 | €19,675,074 | +€49,827 | +0.3% |
| Other operating income | 74 | €223,759 | €521,279 | +€297,520 | +133.0% |
| Operating charges | 60/66A | €18,706,224 | €18,831,924 | +€125,701 | +0.7% |
| Goods for resale, raw materials and consumables | 60 | €14,663,934 | €15,016,739 | +€352,805 | +2.4% |
| Purchases | 600/8 | €14,736,685 | €14,984,636 | +€247,951 | +1.7% |
| Change in stocks: decrease (increase) | 609 | -€72,751 | €32,103 | +€104,854 | |
| Services and other goods | 61 | €2,072,497 | €1,789,145 | -€283,352 | -13.7% |
| Remuneration, social security and pensions | 62 | €1,734,552 | €1,828,342 | +€93,790 | +5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €137,831 | €162,002 | +€24,171 | +17.5% |
| Other operating charges | 640/8 | €97,273 | €35,697 | -€61,577 | -63.3% |
| Non-recurring operating charges | 66A | €137 | - | -€137 | |
| Operating profit (loss) | 9901 | €1,142,782 | €1,364,429 | +€221,647 | +19.4% |
| Financial income | 75/76B | €113 | €222 | +€109 | +96.0% |
| Recurring financial income | 75 | €113 | €222 | +€109 | +96.0% |
| Other financial income | 752/9 | €113 | €222 | +€109 | +96.0% |
| Financial charges | 65/66B | €166,639 | €160,262 | -€6,377 | -3.8% |
| Recurring financial charges | 65 | €166,639 | €160,262 | -€6,377 | -3.8% |
| Debt charges | 650 | €11,361 | €8,921 | -€2,440 | -21.5% |
| Other financial charges | 652/9 | €155,278 | €151,341 | -€3,937 | -2.5% |
| Profit (loss) for the period before taxes | 9903 | €976,256 | €1,204,388 | +€228,132 | +23.4% |
| Income taxes | 67/77 | €248,400 | €398,479 | +€150,079 | +60.4% |
| Taxes | 670/3 | €248,400 | €398,479 | +€150,079 | +60.4% |
| Profit (loss) for the period | 9904 | €727,856 | €805,909 | +€78,054 | +10.7% |
| Profit (loss) for the period to be appropriated | 9905 | €727,856 | €805,909 | +€78,054 | +10.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 January 2024 and 31 January 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.