GENERAL DISTRIBUTION SERVICES: 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.
GENERAL DISTRIBUTION SERVICES
Largest movements
- Receivables within one year +€35,528
up €35,528 (+7.4%), from €477,177 to €512,705
of which Trade receivables: +€35,388
- Other debts +€53,000
new in 2025: €53,000
- Tax, wage and social debts -€50,199
down €50,199 (-29.7%), from €168,814 to €118,615
of which Taxes: -€39,915
- Trade debts +€26,987
up €26,987 (+19.2%), from €140,817 to €167,804
- Turnover -€155,731
down €155,731 (-12.2%), from €1.3m to €1.1m
- Gross operating margin -€152,154
down €152,154 (-12.1%), from €1.3m to €1.1m
- Staff costs -€151,702
down €151,702 (-12.1%), from €1.3m to €1.1m
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 | €479,742 | €513,782 | +€34,040 | +7.1% |
| Fixed assets | 21/28 | €124 | €124 | = | 0.0% |
| Financial fixed assets | 28 | €124 | €124 | = | 0.0% |
| Current assets | 29/58 | €479,618 | €513,658 | +€34,040 | +7.1% |
| Amounts receivable within one year | 40/41 | €477,177 | €512,705 | +€35,528 | +7.4% |
| Trade receivables | 40 | €476,785 | €512,173 | +€35,388 | +7.4% |
| Other amounts receivable | 41 | €392 | €532 | +€140 | +35.7% |
| Cash at bank and in hand | 54/58 | €2,441 | €953 | -€1,488 | -61.0% |
| Total equity and liabilities | 10/49 | €479,742 | €513,782 | +€34,040 | +7.1% |
| Equity | 10/15 | €170,111 | €174,363 | +€4,252 | +2.5% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €162,055 | €166,307 | +€4,252 | +2.6% |
| Amounts payable | 17/49 | €309,631 | €339,419 | +€29,788 | +9.6% |
| Amounts payable within one year | 42/48 | €309,631 | €339,419 | +€29,788 | +9.6% |
| Trade debts | 44 | €140,817 | €167,804 | +€26,987 | +19.2% |
| Suppliers | 440/4 | €140,817 | €167,804 | +€26,987 | +19.2% |
| Taxes, remuneration and social security | 45 | €168,814 | €118,615 | -€50,199 | -29.7% |
| Taxes | 450/3 | €78,909 | €38,994 | -€39,915 | -50.6% |
| Remuneration and social security | 454/9 | €89,905 | €79,621 | -€10,284 | -11.4% |
| Other amounts payable | 47/48 | - | €53,000 | +€53,000 | |
| Turnover | 70 | €1,276,050 | €1,120,319 | -€155,731 | -12.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €14,283 | €10,706 | -€3,577 | -25.0% |
| Remuneration, social security and pensions | 62 | €1,257,004 | €1,105,302 | -€151,702 | -12.1% |
| Gross operating margin | 9900 | €1,261,767 | €1,109,613 | -€152,154 | -12.1% |
| Operating profit (loss) | 9901 | €4,763 | €4,311 | -€452 | -9.5% |
| Financial charges | 65/66B | €128 | €59 | -€69 | -53.9% |
| Recurring financial charges | 65 | €128 | €59 | -€69 | -53.9% |
| Profit (loss) for the period before taxes | 9903 | €4,635 | €4,252 | -€383 | -8.3% |
| Profit (loss) for the period | 9904 | €4,635 | €4,252 | -€383 | -8.3% |
| Profit (loss) for the period to be appropriated | 9905 | €4,635 | €4,252 | -€383 | -8.3% |
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 15 October 2026 via checked.be.