GREGOIRE DISTRIBUTIE: 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.
GREGOIRE DISTRIBUTIE
Largest movements
- Tangible fixed assets -€13,240
down €13,240 (-73.4%), from €18,026 to €4,786
of which Furniture and vehicles: -€10,906
- Receivables within one year +€10,004
up €10,004 (+12.5%), from €80,331 to €90,335
of which Trade receivables: +€11,884
- Cash -€3,784
down €3,784 (-2.4%), from €156,896 to €153,111
mainly Trade debts (-€71,153) and Contributions, distributions and other (-€31,127)
- Reserves +€80,061
up €80,061 (+45.7%), from €175,043 to €255,105
- Trade debts -€71,153
down €71,153 (-63.5%), from €112,126 to €40,973
- Contributions -€27,370
down €27,370 (-88.3%), from €30,987 to €3,617
- Accrued charges and deferred income +€12,670
up €12,670, from €0 to €12,670
- Current portion of long-term debt -€9,401
down €9,401 (-100%), from €9,401 to €0
- Gross operating margin +€51,514
up €51,514 (+57.3%), from €89,904 to €141,418
- Taxes +€16,008
up €16,008 (+66.8%), from €23,978 to €39,986
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 | €345,235 | €337,253 | -€7,982 | -2.3% |
| Fixed assets | 21/28 | €18,416 | €5,176 | -€13,240 | -71.9% |
| Tangible fixed assets | 22/27 | €18,026 | €4,786 | -€13,240 | -73.4% |
| Plant, machinery and equipment | 23 | €6,621 | €4,287 | -€2,334 | -35.3% |
| Furniture and vehicles | 24 | €11,405 | €499 | -€10,906 | -95.6% |
| Financial fixed assets | 28 | €390 | €390 | = | 0.0% |
| Current assets | 29/58 | €326,819 | €332,078 | +€5,258 | +1.6% |
| Stocks and contracts in progress | 3 | €89,432 | €88,399 | -€1,033 | -1.2% |
| Stocks | 30/36 | €89,432 | €88,399 | -€1,033 | -1.2% |
| Amounts receivable within one year | 40/41 | €80,331 | €90,335 | +€10,004 | +12.5% |
| Trade receivables | 40 | €77,809 | €89,693 | +€11,884 | +15.3% |
| Other amounts receivable | 41 | €2,522 | €642 | -€1,880 | -74.5% |
| Cash at bank and in hand | 54/58 | €156,896 | €153,111 | -€3,784 | -2.4% |
| Deferred charges and accrued income | 490/1 | €161 | €233 | +€72 | +44.6% |
| Total equity and liabilities | 10/49 | €345,235 | €337,253 | -€7,982 | -2.3% |
| Equity | 10/15 | €206,030 | €258,721 | +€52,691 | +25.6% |
| Contributions | 10/11 | €30,987 | €3,617 | -€27,370 | -88.3% |
| Reserves | 13 | €175,043 | €255,105 | +€80,061 | +45.7% |
| Distributable reserves | 133 | €175,043 | €255,105 | +€80,061 | +45.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €139,205 | €78,532 | -€60,673 | -43.6% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €139,205 | €65,862 | -€73,343 | -52.7% |
| Current portion of amounts payable after more than one year | 42 | €9,401 | €0 | -€9,401 | -100% |
| Trade debts | 44 | €112,126 | €40,973 | -€71,153 | -63.5% |
| Suppliers | 440/4 | €112,126 | €40,973 | -€71,153 | -63.5% |
| Taxes, remuneration and social security | 45 | €9,309 | €16,600 | +€7,291 | +78.3% |
| Taxes | 450/3 | €8,309 | €16,600 | +€8,291 | +99.8% |
| Remuneration and social security | 454/9 | €1,000 | €0 | -€1,000 | -100% |
| Other amounts payable | 47/48 | €8,370 | €8,289 | -€81 | -1.0% |
| Accrued charges and deferred income | 492/3 | €0 | €12,670 | +€12,670 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,179 | €13,240 | -€940 | -6.6% |
| Other operating charges | 640/8 | €930 | €522 | -€408 | -43.8% |
| Gross operating margin | 9900 | €89,904 | €141,418 | +€51,514 | +57.3% |
| Operating profit (loss) | 9901 | €74,794 | €127,656 | +€52,861 | +70.7% |
| Financial income | 75/76B | €226 | €0 | -€226 | -100% |
| Recurring financial income | 75 | €226 | €0 | -€226 | -100% |
| Financial charges | 65/66B | €3,236 | €3,851 | +€615 | +19.0% |
| Recurring financial charges | 65 | €3,236 | €3,851 | +€615 | +19.0% |
| Profit (loss) for the period before taxes | 9903 | €71,785 | €123,805 | +€52,020 | +72.5% |
| Income taxes | 67/77 | €23,978 | €39,986 | +€16,008 | +66.8% |
| Profit (loss) for the period | 9904 | €47,806 | €83,819 | +€36,012 | +75.3% |
| Profit (loss) for the period to be appropriated | 9905 | €47,806 | €83,819 | +€36,012 | +75.3% |
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 26 October 2026 via checked.be.