On Time Distribution: what changed
What changed
On Time Distribution
NACE 53.200, Other postal and courier activities
filed annual accounts (NBB)
Net result for the year
-€259,523
2024 · €329,253-€588,776
Equity
€4.2m
2024 · €4.4m-€259,523
Cash
€784,454
2024 · €406,118+€378,335
Balance sheet total
€10.1m
2024 · €10.4m-€303,276
Largest movements
Assets
- Receivables within one year -€596,461
down €596,461 (-17.6%), from €3.4m to €2.8m
of which Other amounts receivable: -€909,636
- Cash +€378,335
up €378,335 (+93.2%), from €406,118 to €784,454
mainly Receivables within one year (+€596,461) and Trade debts (+€517,745)
Equity and liabilities
- Profit (loss) carried forward -€4.3m
down €4.3m (-100.0%), from €4.3m to €942
- Reserves +€4.1m
up €4.1m (+21,887%), from €18,600 to €4.1m
of which Distributable reserves: +€4.1m
- Trade debts +€517,745
up €517,745 (+37.2%), from €1.4m to €1.9m
- Debts after one year -€502,036
down €502,036 (-21.2%), from €2.4m to €1.9m
- Current portion of long-term debt -€439,729
down €439,729 (-41.9%), from €1.0m to €609,716
Income statement
- Turnover +€3.6m
up €3.6m (+25.3%), from €14.4m to €18.0m
- Goods and materials +€3.3m
up €3.3m (+34.8%), from €9.4m to €12.7m
- Services and other goods +€900,221
up €900,221 (+34.6%), from €2.6m to €3.5m
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
€329,253
Turnover
+€3.6m
Other operating income
+€40,293
Goods and materials
-€3.3m
Services and other goods
-€900,221
Staff costs
-€157,878
Depreciation
+€5,652
Write-downs
+€5,825
Other operating charges
-€56,830
Other operating items
+€17,974
Financial income
-€2,996
Financial charges
-€16,821
Taxes
+€117,178
Result 2025
-€259,523
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€1.6m
Investment
-€244,149
Financing
-€941,764
Cash 2024
€406,118
From operations (derived)
+€1.6m
Net result for the year
-€259,523
Depreciation
+€316,406
Receivables within one year
+€596,461
Deferred charges and accrued income
+€12,893
Trade debts
+€517,745
Tax, wage and social debts
-€30,068
Other debts
+€424,569
Accrued charges and deferred income
-€14,235
Investment (derived)
-€244,149
Investment in fixed assets (net)
-€244,149
Financing
-€941,764
Debts after one year
-€502,036
Current portion of long-term debt
-€439,729
Cash 2025
€784,454
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,441,872 | €10,138,596 | -€303,276 | -2.9% |
| Fixed assets | 21/28 | €6,586,919 | €6,514,662 | -€72,257 | -1.1% |
| Intangible fixed assets | 21 | €477,248 | €498,286 | +€21,038 | +4.4% |
| Tangible fixed assets | 22/27 | €1,002,434 | €932,975 | -€69,458 | -6.9% |
| Land and buildings | 22 | €706,247 | €624,415 | -€81,832 | -11.6% |
| Plant, machinery and equipment | 23 | €45,878 | €79,873 | +€33,996 | +74.1% |
| Furniture and vehicles | 24 | €132,945 | €115,369 | -€17,576 | -13.2% |
| Other tangible fixed assets | 26 | €117,364 | €113,318 | -€4,046 | -3.4% |
| Financial fixed assets | 28 | €5,107,237 | €5,083,400 | -€23,837 | -0.5% |
| Affiliated companies | 280/1 | €5,100,000 | €5,060,893 | -€39,107 | -0.8% |
| Participating interests | 280 | €5,100,000 | €5,060,893 | -€39,107 | -0.8% |
| Other financial fixed assets | 284/8 | €7,237 | €22,507 | +€15,270 | +211% |
| Amounts receivable and cash guarantees | 285/8 | €7,237 | €22,507 | +€15,270 | +211% |
| Current assets | 29/58 | €3,854,953 | €3,623,934 | -€231,019 | -6.0% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €3,395,130 | €2,798,670 | -€596,461 | -17.6% |
| Trade receivables | 40 | €1,401,611 | €1,714,786 | +€313,176 | +22.3% |
| Other amounts receivable | 41 | €1,993,520 | €1,083,883 | -€909,636 | -45.6% |
| Cash at bank and in hand | 54/58 | €406,118 | €784,454 | +€378,335 | +93.2% |
| Deferred charges and accrued income | 490/1 | €53,704 | €40,810 | -€12,893 | -24.0% |
| Total equity and liabilities | 10/49 | €10,441,872 | €10,138,596 | -€303,276 | -2.9% |
| Equity | 10/15 | €4,411,565 | €4,152,042 | -€259,523 | -5.9% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €18,600 | €4,089,600 | +€4.1m | +21,887% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Tax-exempt reserves | 132 | €12,450 | €12,450 | = | 0.0% |
| Distributable reserves | 133 | - | €4,071,000 | +€4.1m | |
| Profit (loss) carried forward | 14 | €4,331,465 | €942 | -€4.3m | -100.0% |
| Amounts payable | 17/49 | €6,030,307 | €5,986,554 | -€43,753 | -0.7% |
| Amounts payable after more than one year | 17 | €2,367,178 | €1,865,142 | -€502,036 | -21.2% |
| Financial debts | 170/4 | €2,367,178 | €1,865,142 | -€502,036 | -21.2% |
| Credit institutions | 173 | €2,367,178 | €1,865,142 | -€502,036 | -21.2% |
| Amounts payable within one year | 42/48 | €3,647,694 | €4,120,211 | +€472,518 | +13.0% |
| Current portion of amounts payable after more than one year | 42 | €1,049,445 | €609,716 | -€439,729 | -41.9% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €1,391,859 | €1,909,604 | +€517,745 | +37.2% |
| Suppliers | 440/4 | €1,391,859 | €1,909,604 | +€517,745 | +37.2% |
| Taxes, remuneration and social security | 45 | €227,807 | €197,739 | -€30,068 | -13.2% |
| Taxes | 450/3 | €14,882 | €11,958 | -€2,924 | -19.6% |
| Remuneration and social security | 454/9 | €212,925 | €185,781 | -€27,144 | -12.7% |
| Other amounts payable | 47/48 | €978,583 | €1,403,152 | +€424,569 | +43.4% |
| Accrued charges and deferred income | 492/3 | €15,435 | €1,200 | -€14,235 | -92.2% |
| Operating income | 70/76A | €14,479,624 | €18,180,877 | +€3.7m | +25.6% |
| Turnover | 70 | €14,400,048 | €18,043,034 | +€3.6m | +25.3% |
| Other operating income | 74 | €71,299 | €111,592 | +€40,293 | +56.5% |
| Non-recurring operating income | 76A | €8,276 | €26,250 | +€17,974 | +217% |
| Operating charges | 60/66A | €13,957,430 | €18,344,820 | +€4.4m | +31.4% |
| Goods for resale, raw materials and consumables | 60 | €9,445,132 | €12,729,071 | +€3.3m | +34.8% |
| Purchases | 600/8 | €9,445,132 | €12,729,071 | +€3.3m | +34.8% |
| Services and other goods | 61 | €2,601,777 | €3,501,998 | +€900,221 | +34.6% |
| Remuneration, social security and pensions | 62 | €1,484,568 | €1,642,445 | +€157,878 | +10.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €322,059 | €316,406 | -€5,652 | -1.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,579 | -€4,246 | -€5,825 | |
| Other operating charges | 640/8 | €102,315 | €159,145 | +€56,830 | +55.5% |
| Operating profit (loss) | 9901 | €522,194 | -€163,944 | -€686,137 | |
| Financial income | 75/76B | €31,357 | €28,361 | -€2,996 | -9.6% |
| Recurring financial income | 75 | €31,357 | €28,361 | -€2,996 | -9.6% |
| Other financial income | 752/9 | €31,357 | €28,361 | -€2,996 | -9.6% |
| Financial charges | 65/66B | €106,487 | €123,308 | +€16,821 | +15.8% |
| Recurring financial charges | 65 | €106,487 | €84,201 | -€22,286 | -20.9% |
| Debt charges | 650 | €85,272 | €67,832 | -€17,440 | -20.5% |
| Other financial charges | 652/9 | €21,215 | €16,369 | -€4,847 | -22.8% |
| Non-recurring financial charges | 66B | - | €39,107 | +€39,107 | |
| Profit (loss) for the period before taxes | 9903 | €447,063 | -€258,891 | -€705,954 | |
| Income taxes | 67/77 | €117,811 | €632 | -€117,178 | -99.5% |
| Taxes | 670/3 | €117,811 | €682 | -€117,128 | -99.4% |
| Tax adjustments and reversals of tax provisions | 77 | - | €50 | +€50 | |
| Profit (loss) for the period | 9904 | €329,253 | -€259,523 | -€588,776 | |
| Profit (loss) for the period to be appropriated | 9905 | €329,253 | -€259,523 | -€588,776 |
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 6 November 2026 via checked.be.