L.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.
L.DISTRIBUTION
Largest movements
- Cash -€2,340
down €2,340 (-41.5%), from €5,634 to €3,294
mainly Accrued charges and deferred income (-€30,250) and Net result for the year (-€2,695)
- Accrued charges and deferred income -€30,250
no longer reported in 2025 (was €30,250)
- Other debts +€30,167
new in 2025: €30,167
- Profit (loss) carried forward -€2,695
down €2,695 (-6.0%), from -€44,991 to -€47,686
- Trade debts +€463
new in 2025: €463
- Gross operating margin +€25,122
up €25,122 (+91.9%), from -€27,347 to -€2,225
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 | €6,059 | €3,744 | -€2,315 | -38.2% |
| Current assets | 29/58 | €6,059 | €3,744 | -€2,315 | -38.2% |
| Amounts receivable within one year | 40/41 | €425 | €450 | +€25 | +5.9% |
| Other amounts receivable | 41 | €425 | €450 | +€25 | +5.9% |
| Cash at bank and in hand | 54/58 | €5,634 | €3,294 | -€2,340 | -41.5% |
| Total equity and liabilities | 10/49 | €6,059 | €3,744 | -€2,315 | -38.2% |
| Equity | 10/15 | -€24,191 | -€26,886 | -€2,695 | -11.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €8,400 | €8,400 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €6,540 | €6,540 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€44,991 | -€47,686 | -€2,695 | -6.0% |
| Amounts payable | 17/49 | €30,250 | €30,630 | +€380 | +1.3% |
| Amounts payable within one year | 42/48 | - | €30,630 | +€30,630 | |
| Trade debts | 44 | - | €463 | +€463 | |
| Suppliers | 440/4 | - | €463 | +€463 | |
| Other amounts payable | 47/48 | - | €30,167 | +€30,167 | |
| Accrued charges and deferred income | 492/3 | €30,250 | - | -€30,250 | |
| Other operating charges | 640/8 | €437 | €400 | -€38 | -8.6% |
| Gross operating margin | 9900 | -€27,347 | -€2,225 | +€25,122 | +91.9% |
| Operating profit (loss) | 9901 | -€27,784 | -€2,625 | +€25,160 | +90.6% |
| Financial charges | 65/66B | €64 | €70 | +€6 | +9.3% |
| Recurring financial charges | 65 | €64 | €70 | +€6 | +9.3% |
| Profit (loss) for the period before taxes | 9903 | -€27,848 | -€2,695 | +€25,154 | +90.3% |
| Profit (loss) for the period | 9904 | -€27,848 | -€2,695 | +€25,154 | +90.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€27,848 | -€2,695 | +€25,154 | +90.3% |
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 8 October 2026 via checked.be.