POLYASPHALT - DISTRIBUTION: what changed
Two financial 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.
What changed
POLYASPHALT - DISTRIBUTION
NACE 46.900, Non-specialised wholesale trade
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€603,963
2024 · €452,681+€151,282
Equity
€3.5m
2024 · €2.9m+€603,963
Cash
€182,890
2024 · €1.1m-€931,280
Balance sheet total
€5.1m
2024 · €6.6m-€1.4m
Largest movements
Assets
- Cash -€931,280
down €931,280 (-83.6%), from €1.1m to €182,890
mainly Trade debts (-€1.8m) and Other debts (-€324,410)
- Receivables within one year -€470,029
down €470,029 (-9.0%), from €5.2m to €4.8m
of which Trade receivables: -€1.2m
Equity and liabilities
- Trade debts -€1.8m
down €1.8m (-57.0%), from €3.1m to €1.4m
- Profit (loss) carried forward +€355,573
up €355,573 (+26.1%), from €1.4m to €1.7m
- Other debts -€324,410
down €324,410 (-100.0%), from €324,410 to €0
- Reserves +€248,390
up €248,390 (+17.4%), from €1.4m to €1.7m
of which Distributable reserves: +€147,350
Income statement
- Goods and materials -€1.8m
down €1.8m (-4.5%), from €39.9m to €38.1m
- Turnover -€1.5m
down €1.5m (-3.6%), from €41.3m to €39.8m
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.
Result 2024
€452,681
Turnover
-€1.5m
Other operating income
+€11,359
Goods and materials
+€1.8m
Services and other goods
+€13,211
Staff costs
+€10,852
Depreciation
-€1,968
Write-downs
-€132,633
Other operating charges
+€424
Other operating items
-€15,600
Financial income
-€6,723
Financial charges
+€27,051
Taxes
-€55,788
Result 2025
€603,963
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.
From operations
-€979,701
Investment
-€1,579
Financing
+€50,000
Cash 2024
€1.1m
From operations (derived)
-€979,701
Net result for the year
+€603,963
Depreciation
+€24,897
Receivables within one year
+€470,029
Deferred charges and accrued income
+€10,563
Trade debts
-€1.8m
Tax, wage and social debts
+€27,822
Other debts
-€324,410
Investment (derived)
-€1,579
Investment in fixed assets (net)
-€1,579
Financing
+€50,000
Short-term financial debts
+€50,000
Cash 2025
€182,890
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,580,695 | €5,145,505 | -€1.4m | -21.8% |
| Fixed assets | 21/28 | €193,345 | €170,027 | -€23,318 | -12.1% |
| Tangible fixed assets | 22/27 | €188,224 | €164,906 | -€23,318 | -12.4% |
| Furniture and vehicles | 24 | €7,409 | €5,757 | -€1,652 | -22.3% |
| Other tangible fixed assets | 26 | €180,815 | €159,149 | -€21,666 | -12.0% |
| Financial fixed assets | 28 | €5,121 | €5,121 | = | 0.0% |
| Other financial fixed assets | 284/8 | €5,121 | €5,121 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €5,121 | €5,121 | = | 0.0% |
| Current assets | 29/58 | €6,387,351 | €4,975,478 | -€1.4m | -22.1% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €5,227,352 | €4,757,322 | -€470,029 | -9.0% |
| Trade receivables | 40 | €4,853,262 | €3,655,478 | -€1.2m | -24.7% |
| Other amounts receivable | 41 | €374,090 | €1,101,845 | +€727,755 | +194.5% |
| Cash at bank and in hand | 54/58 | €1,114,171 | €182,890 | -€931,280 | -83.6% |
| Deferred charges and accrued income | 490/1 | €45,828 | €35,265 | -€10,563 | -23.0% |
| Total equity and liabilities | 10/49 | €6,580,695 | €5,145,505 | -€1.4m | -21.8% |
| Equity | 10/15 | €2,915,820 | €3,519,783 | +€603,963 | +20.7% |
| Contributions | 10/11 | €123,000 | €123,000 | = | 0.0% |
| Capital | 10 | €123,000 | €123,000 | = | 0.0% |
| Issued capital | 100 | €123,000 | €123,000 | = | 0.0% |
| Reserves | 13 | €1,430,900 | €1,679,290 | +€248,390 | +17.4% |
| Non-distributable reserves | 130/1 | €12,300 | €12,300 | = | 0.0% |
| Legal reserve | 130 | €12,300 | €12,300 | = | 0.0% |
| Tax-exempt reserves | 132 | €547,300 | €648,340 | +€101,040 | +18.5% |
| Distributable reserves | 133 | €871,300 | €1,018,650 | +€147,350 | +16.9% |
| Profit (loss) carried forward | 14 | €1,361,920 | €1,717,493 | +€355,573 | +26.1% |
| Amounts payable | 17/49 | €3,664,875 | €1,625,721 | -€2.0m | -55.6% |
| Amounts payable within one year | 42/48 | €3,664,875 | €1,625,721 | -€2.0m | -55.6% |
| Financial debts | 43 | €60,000 | €110,000 | +€50,000 | +83.3% |
| Credit institutions | 430/8 | €60,000 | €110,000 | +€50,000 | +83.3% |
| Trade debts | 44 | €3,143,791 | €1,351,226 | -€1.8m | -57.0% |
| Suppliers | 440/4 | €3,143,791 | €1,351,226 | -€1.8m | -57.0% |
| Taxes, remuneration and social security | 45 | €136,674 | €164,496 | +€27,822 | +20.4% |
| Taxes | 450/3 | €122,536 | €156,941 | +€34,404 | +28.1% |
| Remuneration and social security | 454/9 | €14,138 | €7,555 | -€6,583 | -46.6% |
| Other amounts payable | 47/48 | €324,410 | €0 | -€324,410 | -100.0% |
| Operating income | 70/76A | €41,315,467 | €39,826,026 | -€1.5m | -3.6% |
| Turnover | 70 | €41,297,584 | €39,796,784 | -€1.5m | -3.6% |
| Other operating income | 74 | €17,883 | €29,242 | +€11,359 | +63.5% |
| Operating charges | 60/66A | €40,633,987 | €38,957,804 | -€1.7m | -4.1% |
| Goods for resale, raw materials and consumables | 60 | €39,945,734 | €38,143,838 | -€1.8m | -4.5% |
| Purchases | 600/8 | €39,945,734 | €38,143,838 | -€1.8m | -4.5% |
| Services and other goods | 61 | €563,596 | €550,385 | -€13,211 | -2.3% |
| Remuneration, social security and pensions | 62 | €99,264 | €88,413 | -€10,852 | -10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,929 | €24,897 | +€1,968 | +8.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €132,633 | +€132,633 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €2,464 | €2,039 | -€424 | -17.2% |
| Non-recurring operating charges | 66A | - | €15,600 | +€15,600 | |
| Operating profit (loss) | 9901 | €681,480 | €868,222 | +€186,742 | +27.4% |
| Financial income | 75/76B | €24,300 | €17,576 | -€6,723 | -27.7% |
| Recurring financial income | 75 | €24,300 | €17,576 | -€6,723 | -27.7% |
| Income from current assets | 751 | €2,477 | €11,982 | +€9,505 | +383.8% |
| Other financial income | 752/9 | €21,823 | €5,595 | -€16,228 | -74.4% |
| Financial charges | 65/66B | €95,546 | €68,495 | -€27,051 | -28.3% |
| Recurring financial charges | 65 | €95,546 | €68,495 | -€27,051 | -28.3% |
| Debt charges | 650 | €14,128 | €17,461 | +€3,333 | +23.6% |
| Other financial charges | 652/9 | €81,417 | €51,034 | -€30,384 | -37.3% |
| Profit (loss) for the period before taxes | 9903 | €610,234 | €817,304 | +€207,070 | +33.9% |
| Income taxes | 67/77 | €157,553 | €213,340 | +€55,788 | +35.4% |
| Taxes | 670/3 | €157,553 | €213,340 | +€55,788 | +35.4% |
| Profit (loss) for the period | 9904 | €452,681 | €603,963 | +€151,282 | +33.4% |
| Transfer from tax-exempt reserves | 789 | €336,800 | €147,350 | -€189,450 | -56.3% |
| Transfer to tax-exempt reserves | 689 | €0 | €248,390 | +€248,390 | |
| Profit (loss) for the period to be appropriated | 9905 | €789,481 | €502,923 | -€286,558 | -36.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.