RL DISTRIBUTION: what changed
Two fiscal 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.
RL DISTRIBUTION
Largest movements
- Stocks and contracts +€11,415
up €11,415 (+18.3%), from €62,441 to €73,856
- Cash +€5,784
up €5,784 (+183.8%), from €3,148 to €8,932
mainly Trade debts (+€28,754) and Other debts (+€15,588)
- Receivables within one year -€2,964
down €2,964 (-23.0%), from €12,893 to €9,929
of which Trade receivables: -€7,334
- Deferred charges and accrued income +€1,091
up €1,091 (+604.2%), from €181 to €1,272
- Trade debts +€28,754
up €28,754 (+6296.2%), from €457 to €29,211
- Profit (loss) carried forward -€18,960
down €18,960, from €13,086 to -€5,874
- Other debts +€15,588
up €15,588 (+43.1%), from €36,188 to €51,775
- Debts after one year -€5,377
no longer reported in 2025 (was €5,377)
- Current portion of long-term debt -€3,238
down €3,238 (-37.6%), from €8,615 to €5,377
- Gross operating margin -€21,685
down €21,685, from €15,765 to -€5,920
- Other operating charges +€8,684
up €8,684 (+850.1%), from €1,022 to €9,706
- Staff costs -€3,658
down €3,658 (-92.2%), from €3,965 to €308
- Taxes -€1,927
down €1,927 (-92.5%), from €2,084 to €157
- Financial charges -€742
down €742 (-41.2%), from €1,804 to €1,062
of which Financial charges: -€690
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €82,092 | €97,685 | +€15,593 | +19.0% |
| Fixed assets | 21/28 | €3,430 | €3,696 | +€266 | +7.8% |
| Tangible fixed assets | 22/27 | €1,608 | €1,874 | +€266 | +16.5% |
| Plant, machinery and equipment | 23 | €1,608 | €1,874 | +€266 | +16.5% |
| Financial fixed assets | 28 | €1,822 | €1,822 | = | 0.0% |
| Current assets | 29/58 | €78,662 | €93,989 | +€15,327 | +19.5% |
| Stocks and contracts in progress | 3 | €62,441 | €73,856 | +€11,415 | +18.3% |
| Stocks | 30/36 | €62,441 | €73,856 | +€11,415 | +18.3% |
| Amounts receivable within one year | 40/41 | €12,893 | €9,929 | -€2,964 | -23.0% |
| Trade receivables | 40 | €7,334 | - | -€7,334 | |
| Other amounts receivable | 41 | €5,559 | €9,929 | +€4,370 | +78.6% |
| Cash at bank and in hand | 54/58 | €3,148 | €8,932 | +€5,784 | +183.8% |
| Deferred charges and accrued income | 490/1 | €181 | €1,272 | +€1,091 | +604.2% |
| Total equity and liabilities | 10/49 | €82,092 | €97,685 | +€15,593 | +19.0% |
| Equity | 10/15 | €28,086 | €9,126 | -€18,960 | -67.5% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,086 | -€5,874 | -€18,960 | |
| Amounts payable | 17/49 | €54,006 | €88,559 | +€34,553 | +64.0% |
| Amounts payable after more than one year | 17 | €5,377 | - | -€5,377 | |
| Financial debts | 170/4 | €5,377 | - | -€5,377 | |
| Amounts payable within one year | 42/48 | €48,629 | €88,559 | +€39,930 | +82.1% |
| Current portion of amounts payable after more than one year | 42 | €8,615 | €5,377 | -€3,238 | -37.6% |
| Trade debts | 44 | €457 | €29,211 | +€28,754 | +6296.2% |
| Suppliers | 440/4 | €457 | €29,211 | +€28,754 | +6296.2% |
| Taxes, remuneration and social security | 45 | €3,369 | €2,196 | -€1,174 | -34.8% |
| Taxes | 450/3 | €3,369 | €2,196 | -€1,174 | -34.8% |
| Other amounts payable | 47/48 | €36,188 | €51,775 | +€15,588 | +43.1% |
| Remuneration, social security and pensions | 62 | €3,965 | €308 | -€3,658 | -92.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €858 | €1,316 | +€458 | +53.4% |
| Other operating charges | 640/8 | €1,022 | €9,706 | +€8,684 | +850.1% |
| Non-recurring operating charges | 66A | €2,124 | €504 | -€1,620 | -76.3% |
| Gross operating margin | 9900 | €15,765 | -€5,920 | -€21,685 | |
| Operating profit (loss) | 9901 | €7,796 | -€17,753 | -€25,549 | |
| Financial income | 75/76B | €131 | €11 | -€120 | -91.3% |
| Recurring financial income | 75 | €131 | €11 | -€120 | -91.3% |
| Financial charges | 65/66B | €1,804 | €1,062 | -€742 | -41.2% |
| Recurring financial charges | 65 | €1,752 | €1,062 | -€690 | -39.4% |
| Non-recurring financial charges | 66B | €52 | - | -€52 | |
| Profit (loss) for the period before taxes | 9903 | €6,123 | -€18,804 | -€24,926 | |
| Income taxes | 67/77 | €2,084 | €157 | -€1,927 | -92.5% |
| Profit (loss) for the period | 9904 | €4,039 | -€18,960 | -€22,999 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,039 | -€18,960 | -€22,999 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.