IMPORT 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
IMPORT DISTRIBUTION
NACE 46.150, Agents in the wholesale of furniture, household goods and hardware
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€1.6m
2024 · -€4.5m+€2.9m
Equity
€6.7m
2024 · €8.3m-€1.6m
Cash
€226,224
2024 · €233,292-€7,068
Balance sheet total
€27.2m
2024 · €29.7m-€2.5m
Largest movements
Assets
- Deferred charges and accrued income -€1.1m
down €1.1m (-32.4%), from €3.4m to €2.3m
- Stocks and contracts -€1.1m
down €1.1m (-5.4%), from €20.1m to €19.1m
- Receivables within one year -€333,800
down €333,800 (-5.9%), from €5.7m to €5.3m
of which Trade receivables: -€216,302
Equity and liabilities
- Profit (loss) carried forward -€1.6m
down €1.6m (-27.7%), from -€5.9m to -€7.5m
- Trade debts -€1.1m
down €1.1m (-23.6%), from €4.6m to €3.5m
Income statement
- Gross operating margin +€2.2m
up €2.2m (+79.4%), from -€2.8m to -€575,801
- Other operating charges -€289,989
down €289,989 (-57.2%), from €507,025 to €217,036
- Write-downs -€215,401
down €215,401, from €40,263 to -€175,138
- Financial charges -€149,994
down €149,994 (-21.5%), from €696,349 to €546,355
- Financial income +€127,533
up €127,533 (+168.7%), from €75,615 to €203,148
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
-€4.5m
Gross operating margin
+€2.2m
Staff costs
+€20,557
Depreciation
-€2,668
Write-downs
+€215,401
Provisions
-€8,228
Other operating charges
+€289,989
Other operating items
-€137,627
Financial income
+€127,533
Financial charges
+€149,994
Result 2025
-€1.6m
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
-€36,099
Investment
-€18,854
Financing
+€47,885
Cash 2024
€233,292
From operations (derived)
-€36,099
Net result for the year
-€1.6m
Depreciation
+€15,980
Stocks and contracts
+€1.1m
Receivables within one year
+€333,800
Deferred charges and accrued income
+€1.1m
Provisions
-€102,351
Trade debts
-€1.1m
Tax, wage and social debts
-€11,645
Other debts
+€281,171
Accrued charges and deferred income
-€26,835
Investment (derived)
-€18,854
Investment in fixed assets (net)
-€18,854
Financing
+€47,885
Debts after one year
+€225,634
Short-term financial debts
-€177,749
Cash 2025
€226,224
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €29,693,915 | €27,159,543 | -€2.5m | -8.5% |
| Fixed assets | 21/28 | €213,149 | €216,024 | +€2,874 | +1.3% |
| Tangible fixed assets | 22/27 | €213,149 | €216,024 | +€2,874 | +1.3% |
| Furniture and vehicles | 24 | €26,002 | €28,876 | +€2,874 | +11.1% |
| Assets under construction and advance payments | 27 | €187,147 | €187,147 | = | 0.0% |
| Current assets | 29/58 | €29,480,766 | €26,943,519 | -€2.5m | -8.6% |
| Stocks and contracts in progress | 3 | €20,138,233 | €19,053,870 | -€1.1m | -5.4% |
| Stocks | 30/36 | €20,138,233 | €19,053,870 | -€1.1m | -5.4% |
| Amounts receivable within one year | 40/41 | €5,674,166 | €5,340,366 | -€333,800 | -5.9% |
| Trade receivables | 40 | €3,792,401 | €3,576,100 | -€216,302 | -5.7% |
| Other amounts receivable | 41 | €1,881,765 | €1,764,267 | -€117,498 | -6.2% |
| Cash at bank and in hand | 54/58 | €233,292 | €226,224 | -€7,068 | -3.0% |
| Deferred charges and accrued income | 490/1 | €3,435,074 | €2,323,059 | -€1.1m | -32.4% |
| Total equity and liabilities | 10/49 | €29,693,915 | €27,159,543 | -€2.5m | -8.5% |
| Equity | 10/15 | €8,295,866 | €6,663,905 | -€1.6m | -19.7% |
| Contributions | 10/11 | €14,000,000 | €14,000,000 | = | 0.0% |
| Capital | 10 | €14,000,000 | €14,000,000 | = | 0.0% |
| Issued capital | 100 | €14,000,000 | €14,000,000 | = | 0.0% |
| Reserves | 13 | €198,000 | €198,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €198,000 | €198,000 | = | 0.0% |
| Legal reserve | 130 | €198,000 | €198,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,902,134 | -€7,534,095 | -€1.6m | -27.7% |
| Provisions and deferred taxes | 16 | €102,351 | - | -€102,351 | |
| Provisions for liabilities and charges | 160/5 | €102,351 | - | -€102,351 | |
| Other liabilities and charges | 164/5 | €102,351 | - | -€102,351 | |
| Amounts payable | 17/49 | €21,295,698 | €20,495,638 | -€800,061 | -3.8% |
| Amounts payable after more than one year | 17 | €13,089,680 | €13,315,314 | +€225,634 | +1.7% |
| Other amounts payable | 178/9 | €13,089,680 | €13,315,314 | +€225,634 | +1.7% |
| Amounts payable within one year | 42/48 | €7,931,330 | €6,932,470 | -€998,860 | -12.6% |
| Financial debts | 43 | €1,709,655 | €1,531,906 | -€177,749 | -10.4% |
| Credit institutions | 430/8 | €1,709,655 | €1,531,906 | -€177,749 | -10.4% |
| Trade debts | 44 | €4,616,788 | €3,526,151 | -€1.1m | -23.6% |
| Suppliers | 440/4 | €4,616,788 | €3,526,151 | -€1.1m | -23.6% |
| Taxes, remuneration and social security | 45 | €95,354 | €83,709 | -€11,645 | -12.2% |
| Taxes | 450/3 | €10,082 | €9,819 | -€263 | -2.6% |
| Remuneration and social security | 454/9 | €85,271 | €73,890 | -€11,382 | -13.3% |
| Other amounts payable | 47/48 | €1,509,533 | €1,790,705 | +€281,171 | +18.6% |
| Accrued charges and deferred income | 492/3 | €274,689 | €247,853 | -€26,835 | -9.8% |
| Remuneration, social security and pensions | 62 | €637,698 | €617,140 | -€20,557 | -3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,312 | €15,980 | +€2,668 | +20.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €40,263 | -€175,138 | -€215,401 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€110,578 | -€102,351 | +€8,228 | +7.4% |
| Other operating charges | 640/8 | €507,025 | €217,036 | -€289,989 | -57.2% |
| Non-recurring operating charges | 66A | €2,657 | €140,284 | +€137,627 | +5179.5% |
| Gross operating margin | 9900 | -€2,801,939 | -€575,801 | +€2.2m | +79.4% |
| Operating profit (loss) | 9901 | -€3,892,316 | -€1,288,753 | +€2.6m | +66.9% |
| Financial income | 75/76B | €75,615 | €203,148 | +€127,533 | +168.7% |
| Recurring financial income | 75 | €75,615 | €203,148 | +€127,533 | +168.7% |
| Financial charges | 65/66B | €696,349 | €546,355 | -€149,994 | -21.5% |
| Recurring financial charges | 65 | €696,349 | €546,355 | -€149,994 | -21.5% |
| Profit (loss) for the period before taxes | 9903 | -€4,513,050 | -€1,631,961 | +€2.9m | +63.8% |
| Profit (loss) for the period | 9904 | -€4,513,050 | -€1,631,961 | +€2.9m | +63.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,513,050 | -€1,631,961 | +€2.9m | +63.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.