GREEN 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.
GREEN DISTRIBUTION
Largest movements
- Receivables within one year -€96,929
down €96,929 (-16.7%), from €581,965 to €485,037
of which Trade receivables: -€107,682
- Deferred charges and accrued income +€44,176
up €44,176 (+625.1%), from €7,067 to €51,243
- Stocks and contracts +€21,443
up €21,443 (+25.1%), from €85,294 to €106,737
- Tangible fixed assets -€13,284
down €13,284 (-11.6%), from €114,224 to €100,940
of which Other tangible fixed assets: -€10,636
- Short-term financial debts -€105,763
down €105,763 (-58.7%), from €180,095 to €74,332
- Trade debts +€86,940
up €86,940 (+25.6%), from €339,741 to €426,681
- Debts after one year -€19,435
down €19,435 (-21.8%), from €89,303 to €69,868
- Gross operating margin -€142,336
down €142,336 (-17.2%), from €829,430 to €687,094
- Financial charges -€50,392
down €50,392 (-40.9%), from €123,197 to €72,805
- Staff costs -€12,826
down €12,826 (-2.2%), from €592,436 to €579,609
- Taxes -€8,317
down €8,317 (-44.7%), from €18,605 to €10,288
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 | €1,077,335 | €1,030,425 | -€46,910 | -4.4% |
| Fixed assets | 21/28 | €128,284 | €118,977 | -€9,307 | -7.3% |
| Intangible fixed assets | 21 | €522 | €4,500 | +€3,978 | +761.8% |
| Tangible fixed assets | 22/27 | €114,224 | €100,940 | -€13,284 | -11.6% |
| Plant, machinery and equipment | 23 | €19,931 | €18,124 | -€1,808 | -9.1% |
| Furniture and vehicles | 24 | €12,582 | €11,741 | -€841 | -6.7% |
| Other tangible fixed assets | 26 | €81,711 | €71,075 | -€10,636 | -13.0% |
| Financial fixed assets | 28 | €13,537 | €13,537 | = | 0.0% |
| Current assets | 29/58 | €949,052 | €911,448 | -€37,603 | -4.0% |
| Stocks and contracts in progress | 3 | €85,294 | €106,737 | +€21,443 | +25.1% |
| Stocks | 30/36 | €85,294 | €106,737 | +€21,443 | +25.1% |
| Amounts receivable within one year | 40/41 | €581,965 | €485,037 | -€96,929 | -16.7% |
| Trade receivables | 40 | €352,198 | €244,516 | -€107,682 | -30.6% |
| Other amounts receivable | 41 | €229,767 | €240,521 | +€10,754 | +4.7% |
| Cash at bank and in hand | 54/58 | €274,726 | €268,432 | -€6,294 | -2.3% |
| Deferred charges and accrued income | 490/1 | €7,067 | €51,243 | +€44,176 | +625.1% |
| Total equity and liabilities | 10/49 | €1,077,335 | €1,030,425 | -€46,910 | -4.4% |
| Equity | 10/15 | €366,260 | €370,180 | +€3,920 | +1.1% |
| Contributions | 10/11 | €55,365 | €55,365 | = | 0.0% |
| Reserves | 13 | €302,600 | €306,500 | +€3,900 | +1.3% |
| Distributable reserves | 133 | €302,600 | €306,500 | +€3,900 | +1.3% |
| Profit (loss) carried forward | 14 | €8,295 | €8,315 | +€20 | +0.2% |
| Amounts payable | 17/49 | €711,075 | €660,245 | -€50,830 | -7.1% |
| Amounts payable after more than one year | 17 | €89,303 | €69,868 | -€19,435 | -21.8% |
| Financial debts | 170/4 | €89,303 | €69,868 | -€19,435 | -21.8% |
| Amounts payable within one year | 42/48 | €621,772 | €590,377 | -€31,395 | -5.0% |
| Current portion of amounts payable after more than one year | 42 | €52,688 | €49,021 | -€3,667 | -7.0% |
| Financial debts | 43 | €180,095 | €74,332 | -€105,763 | -58.7% |
| Credit institutions | 430/8 | €180,095 | €74,332 | -€105,763 | -58.7% |
| Trade debts | 44 | €339,741 | €426,681 | +€86,940 | +25.6% |
| Suppliers | 440/4 | €339,741 | €426,681 | +€86,940 | +25.6% |
| Taxes, remuneration and social security | 45 | €36,188 | €27,283 | -€8,905 | -24.6% |
| Taxes | 450/3 | €19,355 | €10,932 | -€8,422 | -43.5% |
| Remuneration and social security | 454/9 | €16,834 | €16,351 | -€483 | -2.9% |
| Other amounts payable | 47/48 | €13,060 | €13,060 | = | 0.0% |
| Non-recurring operating income | 76A | - | €1,870 | +€1,870 | |
| Remuneration, social security and pensions | 62 | €592,436 | €579,609 | -€12,826 | -2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,981 | €30,606 | -€6,375 | -17.2% |
| Other operating charges | 640/8 | €3,566 | €451 | -€3,115 | -87.4% |
| Non-recurring operating charges | 66A | €38,701 | - | -€38,701 | |
| Gross operating margin | 9900 | €829,430 | €687,094 | -€142,336 | -17.2% |
| Operating profit (loss) | 9901 | €157,746 | €76,428 | -€81,318 | -51.6% |
| Financial income | 75/76B | €5,899 | €10,586 | +€4,687 | +79.5% |
| Recurring financial income | 75 | €5,899 | €10,586 | +€4,687 | +79.5% |
| Financial charges | 65/66B | €123,197 | €72,805 | -€50,392 | -40.9% |
| Recurring financial charges | 65 | €123,197 | €72,805 | -€50,392 | -40.9% |
| Profit (loss) for the period before taxes | 9903 | €40,447 | €14,208 | -€26,239 | -64.9% |
| Income taxes | 67/77 | €18,605 | €10,288 | -€8,317 | -44.7% |
| Profit (loss) for the period | 9904 | €21,842 | €3,920 | -€17,922 | -82.1% |
| Profit (loss) for the period to be appropriated | 9905 | €21,842 | €3,920 | -€17,922 | -82.1% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.