KG-DISTRI: 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.
KG-DISTRI
Largest movements
- Current investments +€51,997
up €51,997 (+43.2%), from €120,361 to €172,358
- Tangible fixed assets -€8,129
down €8,129 (-17.4%), from €46,799 to €38,670
of which Furniture and vehicles: -€7,539
- Receivables within one year -€6,032
down €6,032 (-11.6%), from €51,961 to €45,929
of which Trade receivables: -€6,030
- Cash -€5,853
down €5,853 (-22.7%), from €25,767 to €19,913
mainly Current investments (-€51,997) and Tax, wage and social debts (-€6,534)
- Reserves +€30,600
up €30,600 (+21.6%), from €141,760 to €172,360
- Tax, wage and social debts -€6,534
down €6,534 (-53.4%), from €12,230 to €5,696
- Trade debts +€4,253
up €4,253 (+15.0%), from €28,302 to €32,555
- Gross operating margin -€19,286
down €19,286 (-24.7%), from €78,210 to €58,925
- Taxes -€5,937
down €5,937 (-27.9%), from €21,284 to €15,347
- Depreciation +€1,894
up €1,894 (+17.8%), from €10,664 to €12,558
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 | €277,074 | €306,880 | +€29,806 | +10.8% |
| Fixed assets | 21/28 | €46,799 | €38,670 | -€8,129 | -17.4% |
| Tangible fixed assets | 22/27 | €46,799 | €38,670 | -€8,129 | -17.4% |
| Furniture and vehicles | 24 | €43,918 | €36,380 | -€7,539 | -17.2% |
| Other tangible fixed assets | 26 | €2,881 | €2,291 | -€590 | -20.5% |
| Current assets | 29/58 | €230,275 | €268,210 | +€37,935 | +16.5% |
| Stocks and contracts in progress | 3 | €28,244 | €26,623 | -€1,621 | -5.7% |
| Stocks | 30/36 | €28,244 | €26,623 | -€1,621 | -5.7% |
| Amounts receivable within one year | 40/41 | €51,961 | €45,929 | -€6,032 | -11.6% |
| Trade receivables | 40 | €51,959 | €45,929 | -€6,030 | -11.6% |
| Other amounts receivable | 41 | €2 | €0 | -€2 | -100% |
| Current investments | 50/53 | €120,361 | €172,358 | +€51,997 | +43.2% |
| Cash at bank and in hand | 54/58 | €25,767 | €19,913 | -€5,853 | -22.7% |
| Deferred charges and accrued income | 490/1 | €3,942 | €3,387 | -€555 | -14.1% |
| Total equity and liabilities | 10/49 | €277,074 | €306,880 | +€29,806 | +10.8% |
| Equity | 10/15 | €233,869 | €264,550 | +€30,681 | +13.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €141,760 | €172,360 | +€30,600 | +21.6% |
| Distributable reserves | 133 | €141,760 | €172,360 | +€30,600 | +21.6% |
| Profit (loss) carried forward | 14 | €73,509 | €73,590 | +€81 | +0.1% |
| Amounts payable | 17/49 | €43,205 | €42,330 | -€875 | -2.0% |
| Amounts payable within one year | 42/48 | €43,205 | €42,330 | -€875 | -2.0% |
| Trade debts | 44 | €28,302 | €32,555 | +€4,253 | +15.0% |
| Suppliers | 440/4 | €28,302 | €32,555 | +€4,253 | +15.0% |
| Advances received on contracts in progress | 46 | - | €1,340 | +€1,340 | |
| Taxes, remuneration and social security | 45 | €12,230 | €5,696 | -€6,534 | -53.4% |
| Taxes | 450/3 | €12,230 | €5,696 | -€6,534 | -53.4% |
| Other amounts payable | 47/48 | €2,673 | €2,739 | +€66 | +2.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,664 | €12,558 | +€1,894 | +17.8% |
| Other operating charges | 640/8 | €912 | €960 | +€48 | +5.3% |
| Gross operating margin | 9900 | €78,210 | €58,925 | -€19,286 | -24.7% |
| Operating profit (loss) | 9901 | €66,635 | €45,408 | -€21,228 | -31.9% |
| Financial income | 75/76B | €676 | €693 | +€17 | +2.5% |
| Recurring financial income | 75 | €676 | €693 | +€17 | +2.5% |
| Financial charges | 65/66B | €92 | €72 | -€20 | -21.5% |
| Recurring financial charges | 65 | €92 | €72 | -€20 | -21.5% |
| Profit (loss) for the period before taxes | 9903 | €67,219 | €46,028 | -€21,191 | -31.5% |
| Income taxes | 67/77 | €21,284 | €15,347 | -€5,937 | -27.9% |
| Profit (loss) for the period | 9904 | €45,936 | €30,681 | -€15,255 | -33.2% |
| Profit (loss) for the period to be appropriated | 9905 | €45,936 | €30,681 | -€15,255 | -33.2% |
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 31 October 2026 via checked.be.