R.A.G. 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.
R.A.G. DISTRIBUTION
Largest movements
- Tangible fixed assets -€22,815
down €22,815 (-21.4%), from €106,814 to €83,999
of which Furniture and vehicles: -€17,630
- Receivables within one year +€21,945
up €21,945 (+61.0%), from €35,978 to €57,923
of which Other amounts receivable: +€13,239
- Cash -€11,888
down €11,888 (-66.4%), from €17,902 to €6,015
mainly Receivables within one year (-€21,945) and Debts after one year (-€9,509)
- Debts after one year -€9,509
down €9,509 (-19.3%), from €49,335 to €39,826
- Other debts -€4,682
down €4,682 (-27.7%), from €16,904 to €12,222
- Trade debts -€3,527
down €3,527 (-10.3%), from €34,117 to €30,590
- Tax, wage and social debts +€2,043
up €2,043 (+104%), from €1,957 to €4,000
- Profit (loss) carried forward +€2,005
up €2,005 (+3.5%), from €57,235 to €59,240
- Depreciation +€10,917
up €10,917 (+91.7%), from €11,898 to €22,815
- Gross operating margin +€9,430
up €9,430 (+40.7%), from €23,165 to €32,596
- Financial charges +€3,758
up €3,758 (+89.9%), from €4,181 to €7,938
- Other operating charges -€680
down €680 (-46.8%), from €1,452 to €773
- Financial income +€501
up €501 (+82.6%), from €606 to €1,107
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.
Derived cash bridge
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €169,585 | €156,654 | -€12,930 | -7.6% |
| Fixed assets | 21/28 | €106,949 | €83,999 | -€22,950 | -21.5% |
| Tangible fixed assets | 22/27 | €106,814 | €83,999 | -€22,815 | -21.4% |
| Plant, machinery and equipment | 23 | €1,147 | €603 | -€544 | -47.4% |
| Furniture and vehicles | 24 | €74,669 | €57,039 | -€17,630 | -23.6% |
| Other tangible fixed assets | 26 | €30,999 | €26,357 | -€4,641 | -15.0% |
| Financial fixed assets | 28 | €135 | €0 | -€135 | -100% |
| Current assets | 29/58 | €62,635 | €72,655 | +€10,020 | +16.0% |
| Stocks and contracts in progress | 3 | €7,267 | €7,820 | +€553 | +7.6% |
| Stocks | 30/36 | €7,267 | €7,820 | +€553 | +7.6% |
| Amounts receivable within one year | 40/41 | €35,978 | €57,923 | +€21,945 | +61.0% |
| Trade receivables | 40 | €1,790 | €10,496 | +€8,706 | +486% |
| Other amounts receivable | 41 | €34,189 | €47,428 | +€13,239 | +38.7% |
| Cash at bank and in hand | 54/58 | €17,902 | €6,015 | -€11,888 | -66.4% |
| Deferred charges and accrued income | 490/1 | €1,488 | €897 | -€591 | -39.7% |
| Total equity and liabilities | 10/49 | €169,585 | €156,654 | -€12,930 | -7.6% |
| Equity | 10/15 | €58,103 | €60,108 | +€2,005 | +3.5% |
| Reserves | 13 | €868 | €868 | = | 0.0% |
| Distributable reserves | 133 | €868 | €868 | = | 0.0% |
| Profit (loss) carried forward | 14 | €57,235 | €59,240 | +€2,005 | +3.5% |
| Amounts payable | 17/49 | €111,482 | €96,547 | -€14,935 | -13.4% |
| Amounts payable after more than one year | 17 | €49,335 | €39,826 | -€9,509 | -19.3% |
| Financial debts | 170/4 | €49,335 | €39,826 | -€9,509 | -19.3% |
| Amounts payable within one year | 42/48 | €62,147 | €56,321 | -€5,826 | -9.4% |
| Current portion of amounts payable after more than one year | 42 | €9,169 | €9,509 | +€339 | +3.7% |
| Trade debts | 44 | €34,117 | €30,590 | -€3,527 | -10.3% |
| Suppliers | 440/4 | €34,117 | €30,590 | -€3,527 | -10.3% |
| Taxes, remuneration and social security | 45 | €1,957 | €4,000 | +€2,043 | +104% |
| Taxes | 450/3 | €1,957 | €4,000 | +€2,043 | +104% |
| Other amounts payable | 47/48 | €16,904 | €12,222 | -€4,682 | -27.7% |
| Accrued charges and deferred income | 492/3 | €0 | €400 | +€400 | |
| Non-recurring operating income | 76A | - | €500 | +€500 | |
| Remuneration, social security and pensions | 62 | €363 | €0 | -€363 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,898 | €22,815 | +€10,917 | +91.7% |
| Other operating charges | 640/8 | €1,452 | €773 | -€680 | -46.8% |
| Non-recurring operating charges | 66A | €2,076 | €0 | -€2,076 | -100% |
| Gross operating margin | 9900 | €23,165 | €32,596 | +€9,430 | +40.7% |
| Operating profit (loss) | 9901 | €7,375 | €9,008 | +€1,633 | +22.1% |
| Financial income | 75/76B | €606 | €1,107 | +€501 | +82.6% |
| Recurring financial income | 75 | €606 | €1,107 | +€501 | +82.6% |
| Financial charges | 65/66B | €4,181 | €7,938 | +€3,758 | +89.9% |
| Recurring financial charges | 65 | €4,181 | €7,938 | +€3,758 | +89.9% |
| Profit (loss) for the period before taxes | 9903 | €3,801 | €2,176 | -€1,624 | -42.7% |
| Income taxes | 67/77 | €182 | €171 | -€11 | -6.1% |
| Profit (loss) for the period | 9904 | €3,618 | €2,005 | -€1,613 | -44.6% |
| Profit (loss) for the period to be appropriated | 9905 | €3,618 | €2,005 | -€1,613 | -44.6% |
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 27 October 2026 via checked.be.