PRODUCT & DISTRIBUTION CONSULTING: what changed
PRODUCT & DISTRIBUTION CONSULTING
Largest movements
- Current investments +€80,000
up €80,000 (+80.0%), from €100,000 to €180,000
- Cash -€40,712
down €40,712 (-55.4%), from €73,545 to €32,833
mainly Current investments (-€80,000)
- Tangible fixed assets -€12,233
down €12,233 (-41.7%), from €29,305 to €17,073
- Receivables within one year -€2,826
down €2,826 (-32.3%), from €8,745 to €5,919
of which Other amounts receivable: -€1,940
- Profit (loss) carried forward +€12,631
up €12,631, from -€12,631 to €0
- Reserves +€6,133
up €6,133 (+2.8%), from €217,836 to €223,969
of which Distributable reserves: +€6,133
- Other debts +€2,375
up €2,375 (+841%), from €282 to €2,657
- Gross operating margin +€29,801
up €29,801 (+2,090%), from €1,426 to €31,227
- Financial income +€6,641
up €6,641 (+8,302%), from €80 to €6,721
- Taxes +€5,688
up €5,688 (+1,576%), from €361 to €6,049
- Depreciation -€640
down €640 (-5.0%), from €12,872 to €12,233
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €213,279 | €236,942 | +€23,663 | +11.1% |
| Fixed assets | 21/28 | €29,305 | €17,073 | -€12,233 | -41.7% |
| Tangible fixed assets | 22/27 | €29,305 | €17,073 | -€12,233 | -41.7% |
| Furniture and vehicles | 24 | €29,305 | €17,073 | -€12,233 | -41.7% |
| Current assets | 29/58 | €183,974 | €219,869 | +€35,896 | +19.5% |
| Amounts receivable within one year | 40/41 | €8,745 | €5,919 | -€2,826 | -32.3% |
| Trade receivables | 40 | €6,600 | €5,714 | -€886 | -13.4% |
| Other amounts receivable | 41 | €2,145 | €205 | -€1,940 | -90.4% |
| Current investments | 50/53 | €100,000 | €180,000 | +€80,000 | +80.0% |
| Cash at bank and in hand | 54/58 | €73,545 | €32,833 | -€40,712 | -55.4% |
| Deferred charges and accrued income | 490/1 | €1,684 | €1,117 | -€566 | -33.6% |
| Total equity and liabilities | 10/49 | €213,279 | €236,942 | +€23,663 | +11.1% |
| Equity | 10/15 | €211,405 | €230,169 | +€18,764 | +8.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €217,836 | €223,969 | +€6,133 | +2.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €215,976 | €222,109 | +€6,133 | +2.8% |
| Profit (loss) carried forward | 14 | -€12,631 | €0 | +€12,631 | |
| Amounts payable | 17/49 | €1,874 | €6,773 | +€4,899 | +261% |
| Amounts payable within one year | 42/48 | €1,874 | €6,773 | +€4,899 | +261% |
| Trade debts | 44 | €590 | €1,283 | +€692 | +117% |
| Suppliers | 440/4 | €590 | €1,283 | +€692 | +117% |
| Taxes, remuneration and social security | 45 | €1,001 | €2,833 | +€1,832 | +183% |
| Taxes | 450/3 | €1,001 | €2,833 | +€1,832 | +183% |
| Other amounts payable | 47/48 | €282 | €2,657 | +€2,375 | +841% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,872 | €12,233 | -€640 | -5.0% |
| Other operating charges | 640/8 | €864 | €861 | -€2 | -0.3% |
| Gross operating margin | 9900 | €1,426 | €31,227 | +€29,801 | +2,090% |
| Operating profit (loss) | 9901 | -€12,310 | €18,133 | +€30,443 | |
| Financial income | 75/76B | €80 | €6,721 | +€6,641 | +8,302% |
| Recurring financial income | 75 | €80 | €6,721 | +€6,641 | +8,302% |
| Financial charges | 65/66B | €40 | €42 | +€2 | +6.1% |
| Recurring financial charges | 65 | €40 | €42 | +€2 | +6.1% |
| Profit (loss) for the period before taxes | 9903 | -€12,270 | €24,812 | +€37,082 | |
| Income taxes | 67/77 | €361 | €6,049 | +€5,688 | +1,576% |
| Profit (loss) for the period | 9904 | -€12,631 | €18,764 | +€31,394 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,631 | €18,764 | +€31,394 |
Next steps
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 3 November 2026 via checked.be.