SO 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.
SO DISTRIBUTION
Largest movements
- Cash +€12,045
up €12,045 (+476.5%), from €2,528 to €14,573
mainly Receivables within one year (+€9,821) and Depreciation (+€8,166)
- Receivables within one year -€9,821
down €9,821 (-70.0%), from €14,039 to €4,218
of which Trade receivables: -€12,793
- Tangible fixed assets -€8,166
down €8,166 (-46.2%), from €17,673 to €9,507
- Deferred charges and accrued income +€5,400
new in 2025: €5,400
- Trade debts -€8,832
down €8,832 (-95.5%), from €9,245 to €412
- Profit (loss) carried forward +€6,592
up €6,592 (+44.3%), from €14,889 to €21,480
- Tax, wage and social debts +€3,554
up €3,554 (+308.7%), from €1,151 to €4,705
of which Taxes: +€1,792
- Other debts -€2,404
no longer reported in 2025 (was €2,404)
- Advances received +€549
new in 2025: €549
- Gross operating margin +€14,070
up €14,070 (+178.6%), from €7,879 to €21,949
- Other operating charges +€3,853
up €3,853 (+327.7%), from €1,176 to €5,029
- Taxes +€2,136
new in 2025: €2,136
- Depreciation +€1,339
up €1,339 (+19.6%), from €6,827 to €8,166
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 | €34,240 | €33,698 | -€542 | -1.6% |
| Fixed assets | 21/28 | €17,673 | €9,507 | -€8,166 | -46.2% |
| Tangible fixed assets | 22/27 | €17,673 | €9,507 | -€8,166 | -46.2% |
| Furniture and vehicles | 24 | €17,673 | €9,507 | -€8,166 | -46.2% |
| Current assets | 29/58 | €16,567 | €24,191 | +€7,624 | +46.0% |
| Amounts receivable within one year | 40/41 | €14,039 | €4,218 | -€9,821 | -70.0% |
| Trade receivables | 40 | €14,039 | €1,246 | -€12,793 | -91.1% |
| Other amounts receivable | 41 | - | €2,973 | +€2,973 | |
| Cash at bank and in hand | 54/58 | €2,528 | €14,573 | +€12,045 | +476.5% |
| Deferred charges and accrued income | 490/1 | - | €5,400 | +€5,400 | |
| Total equity and liabilities | 10/49 | €34,240 | €33,698 | -€542 | -1.6% |
| Equity | 10/15 | €21,440 | €28,031 | +€6,592 | +30.7% |
| Contributions | 10/11 | €6,262 | €6,262 | = | 0.0% |
| Reserves | 13 | €289 | €289 | = | 0.0% |
| Non-distributable reserves | 130/1 | €289 | €289 | = | 0.0% |
| Reserves not available under the articles | 1311 | €289 | €289 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,889 | €21,480 | +€6,592 | +44.3% |
| Amounts payable | 17/49 | €12,800 | €5,666 | -€7,134 | -55.7% |
| Amounts payable within one year | 42/48 | €12,800 | €5,666 | -€7,134 | -55.7% |
| Trade debts | 44 | €9,245 | €412 | -€8,832 | -95.5% |
| Suppliers | 440/4 | €9,245 | €412 | -€8,832 | -95.5% |
| Advances received on contracts in progress | 46 | - | €549 | +€549 | |
| Taxes, remuneration and social security | 45 | €1,151 | €4,705 | +€3,554 | +308.7% |
| Taxes | 450/3 | €629 | €2,421 | +€1,792 | +284.7% |
| Remuneration and social security | 454/9 | €522 | €2,284 | +€1,762 | +337.5% |
| Other amounts payable | 47/48 | €2,404 | - | -€2,404 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,827 | €8,166 | +€1,339 | +19.6% |
| Other operating charges | 640/8 | €1,176 | €5,029 | +€3,853 | +327.7% |
| Gross operating margin | 9900 | €7,879 | €21,949 | +€14,070 | +178.6% |
| Operating profit (loss) | 9901 | -€124 | €8,754 | +€8,878 | |
| Financial income | 75/76B | - | €40 | +€40 | |
| Recurring financial income | 75 | - | €40 | +€40 | |
| Financial charges | 65/66B | €68 | €66 | -€2 | -3.1% |
| Recurring financial charges | 65 | €68 | €66 | -€2 | -3.1% |
| Profit (loss) for the period before taxes | 9903 | -€193 | €8,728 | +€8,921 | |
| Income taxes | 67/77 | - | €2,136 | +€2,136 | |
| Profit (loss) for the period | 9904 | -€193 | €6,592 | +€6,784 | |
| Profit (loss) for the period to be appropriated | 9905 | -€193 | €6,592 | +€6,784 |
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 5 October 2026 via checked.be.