New Distribution Line: what changed
What changed
New Distribution Line
NACE 53.200, Other postal and courier activities
filed annual accounts (NBB)
Net result for the year
€28,793
2024 · -€19,072+€47,865
Equity
€324,564
2024 · €295,771+€28,793
Cash
-
not filed
Balance sheet total
€1.4m
2024 · €1.5m-€49,465
Largest movements
Assets
- Tangible fixed assets -€25,145
down €25,145 (-2.5%), from €1.0m to €992,688
of which Leasing and similar rights: -€22,148
- Receivables within one year -€23,023
down €23,023 (-6.5%), from €356,735 to €333,712
of which Trade receivables: -€31,919
Equity and liabilities
- Tax, wage and social debts +€181,473
up €181,473 (+185%), from €98,337 to €279,810
of which Taxes: +€100,454
- Debts after one year -€155,873
down €155,873 (-28.8%), from €541,649 to €385,776
of which Financial debts: -€155,873
- Current portion of long-term debt -€47,949
down €47,949 (-19.1%), from €251,197 to €203,248
- Trade debts -€37,839
down €37,839 (-17.3%), from €219,078 to €181,240
- Profit (loss) carried forward +€28,793
up €28,793 (+40.7%), from -€70,703 to -€41,911
Income statement
- Gross operating margin -€279,891
down €279,891 (-35.7%), from €784,157 to €504,266
- Staff costs -€194,859
down €194,859 (-37.6%), from €518,698 to €323,839
- Other operating charges -€70,658
down €70,658 (-48.6%), from €145,340 to €74,682
- Depreciation -€56,022
down €56,022 (-72.9%), from €76,838 to €20,816
- Financial charges -€11,215
down €11,215 (-18.8%), from €59,688 to €48,473
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€19,072
Gross operating margin
-€279,891
Staff costs
+€194,859
Depreciation
+€56,022
Other operating charges
+€70,658
Other operating items
-€7,581
Financial income
+€1,643
Financial charges
+€11,215
Taxes
+€941
Result 2025
€28,793
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts. So the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,474,735 | €1,425,269 | -€49,465 | -3.4% |
| Fixed assets | 21/28 | €1,032,816 | €1,007,672 | -€25,145 | -2.4% |
| Tangible fixed assets | 22/27 | €1,017,833 | €992,688 | -€25,145 | -2.5% |
| Land and buildings | 22 | €351,990 | €351,990 | = | 0.0% |
| Plant, machinery and equipment | 23 | €21,768 | €21,768 | = | 0.0% |
| Furniture and vehicles | 24 | €20,434 | €17,437 | -€2,997 | -14.7% |
| Leasing and similar rights | 25 | €623,641 | €601,493 | -€22,148 | -3.6% |
| Financial fixed assets | 28 | €14,983 | €14,983 | = | 0.0% |
| Current assets | 29/58 | €441,918 | €417,598 | -€24,321 | -5.5% |
| Amounts receivable after more than one year | 29 | €76,459 | €76,459 | = | 0.0% |
| Other amounts receivable | 291 | €76,459 | €76,459 | = | 0.0% |
| Stocks and contracts in progress | 3 | €3,520 | €3,520 | = | 0.0% |
| Stocks | 30/36 | €3,520 | €3,520 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €356,735 | €333,712 | -€23,023 | -6.5% |
| Trade receivables | 40 | €266,647 | €234,728 | -€31,919 | -12.0% |
| Other amounts receivable | 41 | €90,088 | €98,984 | +€8,897 | +9.9% |
| Current investments | 50/53 | €3,907 | €3,907 | = | 0.0% |
| Deferred charges and accrued income | 490/1 | €1,298 | - | -€1,298 | |
| Total equity and liabilities | 10/49 | €1,474,735 | €1,425,269 | -€49,465 | -3.4% |
| Equity | 10/15 | €295,771 | €324,564 | +€28,793 | +9.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Contributions outside capital | 11 | €18,592 | €18,592 | = | 0.0% |
| Other | 1109/19 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €347,882 | €347,882 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €169,342 | €169,342 | = | 0.0% |
| Distributable reserves | 133 | €176,681 | €176,681 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€70,703 | -€41,911 | +€28,793 | +40.7% |
| Amounts payable | 17/49 | €1,178,964 | €1,100,706 | -€78,258 | -6.6% |
| Amounts payable after more than one year | 17 | €541,649 | €385,776 | -€155,873 | -28.8% |
| Financial debts | 170/4 | €518,149 | €362,276 | -€155,873 | -30.1% |
| Other amounts payable | 178/9 | €23,500 | €23,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €637,315 | €714,930 | +€77,615 | +12.2% |
| Current portion of amounts payable after more than one year | 42 | €251,197 | €203,248 | -€47,949 | -19.1% |
| Financial debts | 43 | €33,789 | €34,628 | +€839 | +2.5% |
| Credit institutions | 430/8 | €33,789 | €34,628 | +€839 | +2.5% |
| Trade debts | 44 | €219,078 | €181,240 | -€37,839 | -17.3% |
| Suppliers | 440/4 | €219,078 | €181,240 | -€37,839 | -17.3% |
| Taxes, remuneration and social security | 45 | €98,337 | €279,810 | +€181,473 | +185% |
| Taxes | 450/3 | €49,095 | €149,550 | +€100,454 | +205% |
| Remuneration and social security | 454/9 | €49,242 | €130,261 | +€81,018 | +165% |
| Other amounts payable | 47/48 | €34,913 | €16,004 | -€18,909 | -54.2% |
| Remuneration, social security and pensions | 62 | €518,698 | €323,839 | -€194,859 | -37.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,838 | €20,816 | -€56,022 | -72.9% |
| Other operating charges | 640/8 | €145,340 | €74,682 | -€70,658 | -48.6% |
| Non-recurring operating charges | 66A | €1,732 | €9,313 | +€7,581 | +438% |
| Gross operating margin | 9900 | €784,157 | €504,266 | -€279,891 | -35.7% |
| Operating profit (loss) | 9901 | €41,549 | €75,616 | +€34,067 | +82.0% |
| Financial income | 75/76B | €8 | €1,651 | +€1,643 | +20,087% |
| Recurring financial income | 75 | €8 | €1,651 | +€1,643 | +20,087% |
| Financial charges | 65/66B | €59,688 | €48,473 | -€11,215 | -18.8% |
| Recurring financial charges | 65 | €59,688 | €48,473 | -€11,215 | -18.8% |
| Profit (loss) for the period before taxes | 9903 | -€18,131 | €28,793 | +€46,924 | |
| Income taxes | 67/77 | €941 | €1 | -€941 | -99.9% |
| Profit (loss) for the period | 9904 | -€19,072 | €28,793 | +€47,865 | |
| Profit (loss) for the period to be appropriated | 9905 | -€19,072 | €28,793 | +€47,865 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.