H.G. 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.
H.G. Distribution
Largest movements
- Tangible fixed assets +€3,487
up €3,487 (+169%), from €2,066 to €5,553
- Receivables within one year -€2,377
down €2,377 (-21.7%), from €10,980 to €8,603
- Cash +€1,771
up €1,771 (+26.1%), from €6,785 to €8,555
mainly Net result for the year (+€5,689) and Depreciation (+€3,813)
- Profit (loss) carried forward +€5,689
up €5,689 (+55.9%), from €10,183 to €15,872
- Tax, wage and social debts -€2,969
down €2,969 (-45.8%), from €6,477 to €3,508
- Turnover +€56,994
new in 2025: €56,994
- Purchases and services +€48,185
new in 2025: €48,185
- Gross operating margin -€7,569
down €7,569 (-40.0%), from €18,937 to €11,368
- Taxes -€3,640
down €3,640 (-84.7%), from €4,300 to €660
- Depreciation +€659
up €659 (+20.9%), from €3,154 to €3,813
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 | €19,831 | €22,711 | +€2,880 | +14.5% |
| Fixed assets | 21/28 | €2,066 | €5,553 | +€3,487 | +169% |
| Tangible fixed assets | 22/27 | €2,066 | €5,553 | +€3,487 | +169% |
| Furniture and vehicles | 24 | €2,066 | €5,553 | +€3,487 | +169% |
| Current assets | 29/58 | €17,765 | €17,158 | -€607 | -3.4% |
| Amounts receivable within one year | 40/41 | €10,980 | €8,603 | -€2,377 | -21.7% |
| Trade receivables | 40 | €10,980 | €8,603 | -€2,377 | -21.7% |
| Cash at bank and in hand | 54/58 | €6,785 | €8,555 | +€1,771 | +26.1% |
| Total equity and liabilities | 10/49 | €19,831 | €22,711 | +€2,880 | +14.5% |
| Equity | 10/15 | €12,183 | €17,872 | +€5,689 | +46.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Capital | 10 | €2,000 | €2,000 | = | 0.0% |
| Issued capital | 100 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,183 | €15,872 | +€5,689 | +55.9% |
| Amounts payable | 17/49 | €7,648 | €4,839 | -€2,809 | -36.7% |
| Amounts payable within one year | 42/48 | €7,648 | €4,839 | -€2,809 | -36.7% |
| Trade debts | 44 | €953 | €1,113 | +€160 | +16.8% |
| Suppliers | 440/4 | €953 | €1,113 | +€160 | +16.8% |
| Taxes, remuneration and social security | 45 | €6,477 | €3,508 | -€2,969 | -45.8% |
| Taxes | 450/3 | €6,477 | €3,508 | -€2,969 | -45.8% |
| Other amounts payable | 47/48 | €218 | €218 | = | 0.0% |
| Turnover | 70 | - | €56,994 | +€56,994 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €48,185 | +€48,185 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,154 | €3,813 | +€659 | +20.9% |
| Other operating charges | 640/8 | €1,296 | €1,203 | -€93 | -7.2% |
| Gross operating margin | 9900 | €18,937 | €11,368 | -€7,569 | -40.0% |
| Operating profit (loss) | 9901 | €14,487 | €6,352 | -€8,135 | -56.2% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €5 | €3 | -€2 | -38.5% |
| Recurring financial charges | 65 | €5 | €3 | -€2 | -38.5% |
| Profit (loss) for the period before taxes | 9903 | €14,483 | €6,349 | -€8,134 | -56.2% |
| Income taxes | 67/77 | €4,300 | €660 | -€3,640 | -84.7% |
| Profit (loss) for the period | 9904 | €10,183 | €5,689 | -€4,494 | -44.1% |
| Profit (loss) for the period to be appropriated | 9905 | €10,183 | €5,689 | -€4,494 | -44.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.