NHT 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.
NHT Distribution
Largest movements
- Receivables within one year +€63,628
up €63,628 (+15.6%), from €408,203 to €471,831
of which Other amounts receivable: +€60,842
- Tangible fixed assets -€25,168
down €25,168 (-20.5%), from €122,929 to €97,762
of which Land and buildings: -€12,848
- Stocks and contracts -€16,092
down €16,092 (-16.5%), from €97,821 to €81,729
- Profit (loss) carried forward +€75,725
up €75,725 (+39.4%), from -€192,283 to -€116,558
- Short-term financial debts +€48,689
up €48,689 (+637.9%), from €7,633 to €56,322
- Trade debts -€44,669
down €44,669 (-21.1%), from €211,510 to €166,841
- Debts after one year -€35,291
down €35,291 (-48.9%), from €72,115 to €36,823
- Tax, wage and social debts -€22,888
down €22,888 (-58.7%), from €38,959 to €16,071
of which Taxes: -€15,054
- Gross operating margin +€135,013
up €135,013 (+329.4%), from €40,983 to €175,996
- Financial income +€46,438
up €46,438 (+7384.1%), from €629 to €47,067
of which Non-recurring financial income: +€47,067
- Staff costs -€43,454
down €43,454 (-38.0%), from €114,224 to €70,770
- Financial charges +€18,062
up €18,062 (+125.0%), from €14,454 to €32,515
of which Financial charges: +€17,584
- Depreciation -€15,239
down €15,239 (-36.9%), from €41,279 to €26,040
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €644,228 | €663,507 | +€19,279 | +3.0% |
| Formation expenses | 20 | €3,879 | €2,529 | -€1,350 | -34.8% |
| Fixed assets | 21/28 | €123,177 | €97,762 | -€25,415 | -20.6% |
| Tangible fixed assets | 22/27 | €122,929 | €97,762 | -€25,168 | -20.5% |
| Land and buildings | 22 | €61,156 | €48,308 | -€12,848 | -21.0% |
| Plant, machinery and equipment | 23 | €53,549 | €46,753 | -€6,796 | -12.7% |
| Furniture and vehicles | 24 | €8,224 | €2,701 | -€5,523 | -67.2% |
| Financial fixed assets | 28 | €248 | - | -€248 | |
| Current assets | 29/58 | €517,172 | €563,217 | +€46,045 | +8.9% |
| Stocks and contracts in progress | 3 | €97,821 | €81,729 | -€16,092 | -16.5% |
| Stocks | 30/36 | €97,821 | €81,729 | -€16,092 | -16.5% |
| Amounts receivable within one year | 40/41 | €408,203 | €471,831 | +€63,628 | +15.6% |
| Trade receivables | 40 | €382 | €3,167 | +€2,786 | +730.1% |
| Other amounts receivable | 41 | €407,822 | €468,664 | +€60,842 | +14.9% |
| Cash at bank and in hand | 54/58 | €10,818 | €9,367 | -€1,451 | -13.4% |
| Deferred charges and accrued income | 490/1 | €331 | €290 | -€41 | -12.3% |
| Total equity and liabilities | 10/49 | €644,228 | €663,507 | +€19,279 | +3.0% |
| Equity | 10/15 | €275,152 | €350,877 | +€75,725 | +27.5% |
| Contributions | 10/11 | €164,813 | €164,813 | = | 0.0% |
| Reserves | 13 | €302,621 | €302,621 | = | 0.0% |
| Distributable reserves | 133 | €302,621 | €302,621 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€192,283 | -€116,558 | +€75,725 | +39.4% |
| Amounts payable | 17/49 | €369,076 | €312,630 | -€56,446 | -15.3% |
| Amounts payable after more than one year | 17 | €72,115 | €36,823 | -€35,291 | -48.9% |
| Financial debts | 170/4 | €72,115 | €36,823 | -€35,291 | -48.9% |
| Amounts payable within one year | 42/48 | €291,661 | €275,807 | -€15,854 | -5.4% |
| Current portion of amounts payable after more than one year | 42 | €33,560 | €35,291 | +€1,731 | +5.2% |
| Financial debts | 43 | €7,633 | €56,322 | +€48,689 | +637.9% |
| Credit institutions | 430/8 | €7,633 | €56,322 | +€48,689 | +637.9% |
| Trade debts | 44 | €211,510 | €166,841 | -€44,669 | -21.1% |
| Suppliers | 440/4 | €211,510 | €166,841 | -€44,669 | -21.1% |
| Taxes, remuneration and social security | 45 | €38,959 | €16,071 | -€22,888 | -58.7% |
| Taxes | 450/3 | €24,778 | €9,724 | -€15,054 | -60.8% |
| Remuneration and social security | 454/9 | €14,181 | €6,347 | -€7,834 | -55.2% |
| Other amounts payable | 47/48 | - | €1,282 | +€1,282 | |
| Accrued charges and deferred income | 492/3 | €5,300 | - | -€5,300 | |
| Remuneration, social security and pensions | 62 | €114,224 | €70,770 | -€43,454 | -38.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,279 | €26,040 | -€15,239 | -36.9% |
| Other operating charges | 640/8 | €947 | €11,049 | +€10,102 | +1066.9% |
| Gross operating margin | 9900 | €40,983 | €175,996 | +€135,013 | +329.4% |
| Operating profit (loss) | 9901 | -€115,467 | €68,137 | +€183,604 | |
| Financial income | 75/76B | €629 | €47,067 | +€46,438 | +7384.1% |
| Recurring financial income | 75 | €629 | €47,067 | +€46,438 | +7384.1% |
| Non-recurring financial income | 76B | - | €47,067 | +€47,067 | |
| Financial charges | 65/66B | €14,454 | €32,515 | +€18,062 | +125.0% |
| Recurring financial charges | 65 | €14,454 | €32,038 | +€17,584 | +121.7% |
| Non-recurring financial charges | 66B | - | €478 | +€478 | |
| Profit (loss) for the period before taxes | 9903 | -€129,292 | €82,689 | +€211,980 | |
| Income taxes | 67/77 | - | €6,964 | +€6,964 | |
| Profit (loss) for the period | 9904 | -€129,292 | €75,725 | +€205,017 | |
| Profit (loss) for the period to be appropriated | 9905 | -€129,292 | €75,725 | +€205,017 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.