RV 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.
RV DISTRIBUTION
Largest movements
- Stocks and contracts +€184,575
up €184,575 (+18.8%), from €981,030 to €1.2m
- Receivables within one year -€113,490
down €113,490 (-18.6%), from €610,983 to €497,493
of which Trade receivables: -€88,839
- Cash +€23,510
up €23,510 (+17.4%), from €135,152 to €158,662
mainly Receivables within one year (+€113,490) and Net result for the year (+€64,355)
- Reserves +€64,355
up €64,355 (+6.8%), from €945,906 to €1.0m
of which Distributable reserves: +€64,355
- Trade debts +€44,747
up €44,747 (+7.9%), from €564,430 to €609,177
- Short-term financial debts +€25,000
up €25,000 (+25.0%), from €100,000 to €125,000
- Tax, wage and social debts -€21,254
down €21,254 (-20.5%), from €103,631 to €82,378
of which Taxes: -€22,786
- Gross operating margin +€78,719
up €78,719 (+55.6%), from €141,518 to €220,236
- Taxes +€29,454
up €29,454 (+693.7%), from €4,246 to €33,700
- Other operating charges -€20,564
down €20,564 (-86.2%), from €23,852 to €3,288
- Write-downs +€9,658
up €9,658, from -€6,664 to €2,993
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 | €1,782,235 | €1,877,470 | +€95,235 | +5.3% |
| Fixed assets | 21/28 | €54,016 | €55,021 | +€1,005 | +1.9% |
| Tangible fixed assets | 22/27 | €54,016 | €55,021 | +€1,005 | +1.9% |
| Plant, machinery and equipment | 23 | €2,625 | €1,050 | -€1,576 | -60.0% |
| Furniture and vehicles | 24 | €51,390 | €53,971 | +€2,581 | +5.0% |
| Current assets | 29/58 | €1,728,220 | €1,822,450 | +€94,230 | +5.5% |
| Stocks and contracts in progress | 3 | €981,030 | €1,165,605 | +€184,575 | +18.8% |
| Stocks | 30/36 | €981,030 | €1,165,605 | +€184,575 | +18.8% |
| Amounts receivable within one year | 40/41 | €610,983 | €497,493 | -€113,490 | -18.6% |
| Trade receivables | 40 | €586,333 | €497,493 | -€88,839 | -15.2% |
| Other amounts receivable | 41 | €24,651 | €0 | -€24,651 | -100.0% |
| Cash at bank and in hand | 54/58 | €135,152 | €158,662 | +€23,510 | +17.4% |
| Deferred charges and accrued income | 490/1 | €1,055 | €689 | -€365 | -34.6% |
| Total equity and liabilities | 10/49 | €1,782,235 | €1,877,470 | +€95,235 | +5.3% |
| Equity | 10/15 | €976,735 | €1,041,090 | +€64,355 | +6.6% |
| Contributions | 10/11 | €30,828 | €30,828 | = | 0.0% |
| Reserves | 13 | €945,906 | €1,010,261 | +€64,355 | +6.8% |
| Tax-exempt reserves | 132 | €30,423 | €30,423 | = | 0.0% |
| Distributable reserves | 133 | €915,483 | €979,838 | +€64,355 | +7.0% |
| Amounts payable | 17/49 | €805,501 | €836,381 | +€30,880 | +3.8% |
| Amounts payable after more than one year | 17 | €19,826 | €1,558 | -€18,268 | -92.1% |
| Financial debts | 170/4 | €19,826 | €1,558 | -€18,268 | -92.1% |
| Amounts payable within one year | 42/48 | €785,675 | €834,823 | +€49,148 | +6.3% |
| Current portion of amounts payable after more than one year | 42 | €17,614 | €18,268 | +€654 | +3.7% |
| Financial debts | 43 | €100,000 | €125,000 | +€25,000 | +25.0% |
| Credit institutions | 430/8 | €100,000 | €125,000 | +€25,000 | +25.0% |
| Trade debts | 44 | €564,430 | €609,177 | +€44,747 | +7.9% |
| Suppliers | 440/4 | €564,430 | €609,177 | +€44,747 | +7.9% |
| Taxes, remuneration and social security | 45 | €103,631 | €82,378 | -€21,254 | -20.5% |
| Taxes | 450/3 | €99,738 | €76,952 | -€22,786 | -22.8% |
| Remuneration and social security | 454/9 | €3,894 | €5,426 | +€1,532 | +39.3% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €67,069 | €66,446 | -€623 | -0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,060 | €20,552 | -€1,508 | -6.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€6,664 | €2,993 | +€9,658 | |
| Other operating charges | 640/8 | €23,852 | €3,288 | -€20,564 | -86.2% |
| Gross operating margin | 9900 | €141,518 | €220,236 | +€78,719 | +55.6% |
| Operating profit (loss) | 9901 | €35,200 | €126,957 | +€91,756 | +260.7% |
| Financial income | 75/76B | €31 | €7 | -€24 | -77.4% |
| Recurring financial income | 75 | €31 | €7 | -€24 | -77.4% |
| Financial charges | 65/66B | €28,627 | €28,908 | +€281 | +1.0% |
| Recurring financial charges | 65 | €28,627 | €28,908 | +€281 | +1.0% |
| Profit (loss) for the period before taxes | 9903 | €6,604 | €98,055 | +€91,451 | +1384.8% |
| Income taxes | 67/77 | €4,246 | €33,700 | +€29,454 | +693.7% |
| Profit (loss) for the period | 9904 | €2,358 | €64,355 | +€61,997 | +2629.6% |
| Profit (loss) for the period to be appropriated | 9905 | €2,358 | €64,355 | +€61,997 | +2629.6% |
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 10 October 2026 via checked.be.