R-DISTRI: 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-DISTRI
Largest movements
- Cash +€18,628
up €18,628 (+2,928%), from €636 to €19,264
mainly Net result for the year (+€49,353) and Depreciation (+€15,036)
- Tangible fixed assets -€6,464
down €6,464 (-2.5%), from €255,202 to €248,738
of which Land and buildings: -€7,733
- Receivables within one year -€4,606
down €4,606 (-18.6%), from €24,804 to €20,198
of which Trade receivables: -€5,475
- Reserves +€49,351
up €49,351 (+73.9%), from €66,742 to €116,093
of which Distributable reserves: +€54,455
- Debts after one year -€18,978
down €18,978 (-53.6%), from €35,398 to €16,419
- Other debts -€18,185
down €18,185 (-18.4%), from €98,742 to €80,557
- Trade debts -€6,573
down €6,573 (-100%), from €6,573 to €0
- Tax, wage and social debts +€5,350
up €5,350 (+104%), from €5,158 to €10,508
- Gross operating margin +€38,996
up €38,996 (+88.8%), from €43,914 to €82,910
- Financial charges +€9,080
up €9,080 (+336%), from €2,706 to €11,786
- Taxes +€6,766
up €6,766 (+2,725%), from €248 to €7,014
- Depreciation +€1,369
up €1,369 (+10.0%), from €13,668 to €15,036
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 | €286,973 | €296,018 | +€9,045 | +3.2% |
| Fixed assets | 21/28 | €258,832 | €253,988 | -€4,844 | -1.9% |
| Tangible fixed assets | 22/27 | €255,202 | €248,738 | -€6,464 | -2.5% |
| Land and buildings | 22 | €239,659 | €231,926 | -€7,733 | -3.2% |
| Plant, machinery and equipment | 23 | €3,750 | €3,936 | +€186 | +5.0% |
| Furniture and vehicles | 24 | €11,793 | €12,876 | +€1,083 | +9.2% |
| Financial fixed assets | 28 | €3,630 | €5,250 | +€1,620 | +44.6% |
| Current assets | 29/58 | €28,141 | €42,030 | +€13,889 | +49.4% |
| Amounts receivable within one year | 40/41 | €24,804 | €20,198 | -€4,606 | -18.6% |
| Trade receivables | 40 | €24,804 | €19,329 | -€5,475 | -22.1% |
| Other amounts receivable | 41 | - | €869 | +€869 | |
| Cash at bank and in hand | 54/58 | €636 | €19,264 | +€18,628 | +2,928% |
| Deferred charges and accrued income | 490/1 | €2,701 | €2,568 | -€133 | -4.9% |
| Total equity and liabilities | 10/49 | €286,973 | €296,018 | +€9,045 | +3.2% |
| Equity | 10/15 | €93,355 | €142,708 | +€49,353 | +52.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €66,742 | €116,093 | +€49,351 | +73.9% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €57,213 | €52,109 | -€5,104 | -8.9% |
| Distributable reserves | 133 | €7,670 | €62,125 | +€54,455 | +710% |
| Profit (loss) carried forward | 14 | €8,021 | €8,023 | +€2 | 0.0% |
| Provisions and deferred taxes | 16 | €29,476 | €26,847 | -€2,628 | -8.9% |
| Deferred taxes | 168 | €29,476 | €26,847 | -€2,628 | -8.9% |
| Amounts payable | 17/49 | €164,143 | €126,463 | -€37,680 | -23.0% |
| Amounts payable after more than one year | 17 | €35,398 | €16,419 | -€18,978 | -53.6% |
| Financial debts | 170/4 | €35,398 | €16,419 | -€18,978 | -53.6% |
| Amounts payable within one year | 42/48 | €128,745 | €110,043 | -€18,701 | -14.5% |
| Current portion of amounts payable after more than one year | 42 | €18,272 | €18,978 | +€707 | +3.9% |
| Trade debts | 44 | €6,573 | €0 | -€6,573 | -100% |
| Suppliers | 440/4 | €6,573 | €0 | -€6,573 | -100% |
| Taxes, remuneration and social security | 45 | €5,158 | €10,508 | +€5,350 | +104% |
| Taxes | 450/3 | €5,158 | €10,508 | +€5,350 | +104% |
| Other amounts payable | 47/48 | €98,742 | €80,557 | -€18,185 | -18.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,668 | €15,036 | +€1,369 | +10.0% |
| Other operating charges | 640/8 | €2,426 | €2,352 | -€75 | -3.1% |
| Gross operating margin | 9900 | €43,914 | €82,910 | +€38,996 | +88.8% |
| Operating profit (loss) | 9901 | €27,820 | €65,522 | +€37,702 | +136% |
| Financial income | 75/76B | €1 | €3 | +€3 | +582% |
| Recurring financial income | 75 | €1 | €3 | +€3 | +582% |
| Financial charges | 65/66B | €2,706 | €11,786 | +€9,080 | +336% |
| Recurring financial charges | 65 | €2,706 | €11,786 | +€9,080 | +336% |
| Profit (loss) for the period before taxes | 9903 | €25,114 | €53,739 | +€28,625 | +114% |
| Transfer from deferred taxes | 780 | €2,628 | €2,628 | = | 0.0% |
| Income taxes | 67/77 | €248 | €7,014 | +€6,766 | +2,725% |
| Profit (loss) for the period | 9904 | €27,494 | €49,353 | +€21,859 | +79.5% |
| Transfer from tax-exempt reserves | 789 | €5,104 | €5,104 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €32,599 | €54,457 | +€21,859 | +67.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.