MR 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.
MR DISTRIBUTION
Largest movements
- Cash -€145,393
down €145,393 (-15.9%), from €911,807 to €766,414
mainly Current investments (-€138,385) and Contributions, distributions and other (-€39,718)
- Current investments +€138,385
up €138,385 (+30.0%), from €461,615 to €600,000
- Other debts +€39,722
up €39,722 (+64.1%), from €61,946 to €101,668
- Reserves -€39,718
down €39,718 (-58.0%), from €68,468 to €28,750
of which Distributable reserves: -€39,718
- Purchases and services +€112,401
new in 2025: €112,401
- Taxes -€66,671
down €66,671, from €66,637 to -€34
- Gross operating margin -€37,872
down €37,872 (-57.8%), from €65,573 to €27,701
- Financial income -€13,216
down €13,216 (-78.8%), from €16,778 to €3,562
- Turnover +€10,864
new in 2025: €10,864
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 | €1,632,316 | €1,624,380 | -€7,936 | -0.5% |
| Fixed assets | 21/28 | €252,319 | €236,466 | -€15,853 | -6.3% |
| Tangible fixed assets | 22/27 | €252,319 | €236,466 | -€15,853 | -6.3% |
| Land and buildings | 22 | €222,106 | €217,612 | -€4,494 | -2.0% |
| Plant, machinery and equipment | 23 | €18,533 | €16,169 | -€2,364 | -12.8% |
| Furniture and vehicles | 24 | €11,680 | €2,685 | -€8,995 | -77.0% |
| Current assets | 29/58 | €1,379,997 | €1,387,914 | +€7,917 | +0.6% |
| Amounts receivable within one year | 40/41 | €6,575 | €21,500 | +€14,925 | +227.0% |
| Trade receivables | 40 | €802 | €11,666 | +€10,864 | +1354.6% |
| Other amounts receivable | 41 | €5,773 | €9,834 | +€4,061 | +70.3% |
| Current investments | 50/53 | €461,615 | €600,000 | +€138,385 | +30.0% |
| Cash at bank and in hand | 54/58 | €911,807 | €766,414 | -€145,393 | -15.9% |
| Total equity and liabilities | 10/49 | €1,632,316 | €1,624,380 | -€7,936 | -0.5% |
| Equity | 10/15 | €1,561,510 | €1,520,830 | -€40,680 | -2.6% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €68,468 | €28,750 | -€39,718 | -58.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €39,718 | - | -€39,718 | |
| Profit (loss) carried forward | 14 | €1,393,042 | €1,392,080 | -€962 | -0.1% |
| Amounts payable | 17/49 | €70,806 | €103,550 | +€32,744 | +46.2% |
| Amounts payable within one year | 42/48 | €70,806 | €103,550 | +€32,744 | +46.2% |
| Trade debts | 44 | €376 | €382 | +€6 | +1.6% |
| Suppliers | 440/4 | €376 | €382 | +€6 | +1.6% |
| Taxes, remuneration and social security | 45 | €8,484 | €1,500 | -€6,984 | -82.3% |
| Taxes | 450/3 | €8,484 | €1,500 | -€6,984 | -82.3% |
| Other amounts payable | 47/48 | €61,946 | €101,668 | +€39,722 | +64.1% |
| Turnover | 70 | - | €10,864 | +€10,864 | |
| Non-recurring operating income | 76A | €471 | €490 | +€19 | +4.0% |
| Goods, raw materials, services and sundry goods | 60/61 | - | €112,401 | +€112,401 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,025 | €19,590 | +€565 | +3.0% |
| Other operating charges | 640/8 | €12,106 | €12,479 | +€373 | +3.1% |
| Gross operating margin | 9900 | €65,573 | €27,701 | -€37,872 | -57.8% |
| Operating profit (loss) | 9901 | €34,442 | -€4,368 | -€38,810 | |
| Financial income | 75/76B | €16,778 | €3,562 | -€13,216 | -78.8% |
| Recurring financial income | 75 | €16,778 | €3,562 | -€13,216 | -78.8% |
| Financial charges | 65/66B | €361 | €190 | -€171 | -47.4% |
| Recurring financial charges | 65 | €361 | €190 | -€171 | -47.4% |
| Profit (loss) for the period before taxes | 9903 | €50,859 | -€996 | -€51,855 | |
| Income taxes | 67/77 | €66,637 | -€34 | -€66,671 | |
| Profit (loss) for the period | 9904 | -€15,778 | -€962 | +€14,816 | +93.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,778 | -€962 | +€14,816 | +93.9% |
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 30 September 2026 via checked.be.