SUPPLEMENTS 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.
What changed
SUPPLEMENTS DISTRIBUTION
NACE 10.860, Manufacture of food products
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€144,522
2024 · €597,572-€453,050
Equity
€2.2m
2024 · €2.1m+€144,522
Cash
€56,631
2024 · €21,892+€34,739
Balance sheet total
€12.3m
2024 · €11.5m+€761,240
Largest movements
Assets
- Stocks and contracts +€1.5m
up €1.5m (+48.4%), from €3.2m to €4.7m
- Receivables within one year -€672,347
down €672,347 (-17.5%), from €3.8m to €3.2m
of which Trade receivables: -€736,402
- Intangible fixed assets -€227,768
down €227,768 (-12.6%), from €1.8m to €1.6m
Equity and liabilities
- Accrued charges and deferred income +€805,141
up €805,141 (+512.8%), from €157,023 to €962,164
- Other debts -€628,965
down €628,965 (-17.1%), from €3.7m to €3.1m
- Short-term financial debts -€500,000
down €500,000 (-99.7%), from €501,282 to €1,282
- Debts after one year +€456,309
up €456,309 (+34.6%), from €1.3m to €1.8m
of which Financial debts: +€456,309
- Trade debts +€374,542
up €374,542 (+13.3%), from €2.8m to €3.2m
Income statement
- Turnover +€3.4m
up €3.4m (+17.2%), from €19.8m to €23.2m
- Goods and materials +€3.1m
up €3.1m (+27.7%), from €11.4m to €14.5m
of which Purchases: +€4.5m
- Staff costs +€699,574
up €699,574 (+28.8%), from €2.4m to €3.1m
- Financial charges +€651,368
up €651,368 (+479.6%), from €135,819 to €787,187
- Services and other goods +€325,740
up €325,740 (+9.9%), from €3.3m to €3.6m
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.
Result 2024
€597,572
Turnover
+€3.4m
Other operating income
-€6,912
Goods and materials
-€3.1m
Services and other goods
-€325,740
Staff costs
-€699,574
Depreciation
-€85,259
Other operating charges
-€16,986
Other operating items
+€993,047
Financial income
+€1,199
Financial charges
-€651,368
Taxes
+€78,060
Result 2025
€144,522
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.
From operations
+€803,963
Investment
-€864,050
Financing
+€94,827
Cash 2024
€21,892
From operations (derived)
+€803,963
Net result for the year
+€144,522
Depreciation
+€967,261
Stocks and contracts
-€1.5m
Receivables within one year
+€672,347
Deferred charges and accrued income
+€37,349
Provisions
-€279,535
Trade debts
+€374,542
Tax, wage and social debts
+€250,708
Other debts
-€628,965
Accrued charges and deferred income
+€805,141
Investment (derived)
-€864,050
Investment in fixed assets (net)
-€864,050
Financing
+€94,827
Debts after one year
+€456,309
Current portion of long-term debt
+€138,518
Short-term financial debts
-€500,000
Cash 2025
€56,631
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €11,502,377 | €12,263,618 | +€761,240 | +6.6% |
| Fixed assets | 21/28 | €4,418,698 | €4,315,487 | -€103,211 | -2.3% |
| Intangible fixed assets | 21 | €1,813,891 | €1,586,123 | -€227,768 | -12.6% |
| Tangible fixed assets | 22/27 | €2,604,611 | €2,722,667 | +€118,056 | +4.5% |
| Plant, machinery and equipment | 23 | €837,693 | €1,219,083 | +€381,390 | +45.5% |
| Furniture and vehicles | 24 | €42,951 | €33,647 | -€9,305 | -21.7% |
| Leasing and similar rights | 25 | €802 | €475 | -€327 | -40.8% |
| Other tangible fixed assets | 26 | €1,723,164 | €1,469,462 | -€253,702 | -14.7% |
| Financial fixed assets | 28 | €196 | €6,696 | +€6,500 | +3308.6% |
| Other financial fixed assets | 284/8 | €196 | €6,696 | +€6,500 | +3308.6% |
| Amounts receivable and cash guarantees | 285/8 | €196 | €6,696 | +€6,500 | +3308.6% |
| Current assets | 29/58 | €7,083,679 | €7,948,131 | +€864,452 | +12.2% |
| Stocks and contracts in progress | 3 | €3,178,357 | €4,717,765 | +€1.5m | +48.4% |
| Stocks | 30/36 | €3,178,357 | €4,717,765 | +€1.5m | +48.4% |
| Raw materials and consumables | 30/31 | €2,577,306 | €3,343,899 | +€766,592 | +29.7% |
| Finished goods | 33 | €601,051 | €1,373,866 | +€772,815 | +128.6% |
| Amounts receivable within one year | 40/41 | €3,844,435 | €3,172,088 | -€672,347 | -17.5% |
| Trade receivables | 40 | €3,750,329 | €3,013,927 | -€736,402 | -19.6% |
| Other amounts receivable | 41 | €94,106 | €158,161 | +€64,055 | +68.1% |
| Cash at bank and in hand | 54/58 | €21,892 | €56,631 | +€34,739 | +158.7% |
| Deferred charges and accrued income | 490/1 | €38,996 | €1,647 | -€37,349 | -95.8% |
| Total equity and liabilities | 10/49 | €11,502,377 | €12,263,618 | +€761,240 | +6.6% |
| Equity | 10/15 | €2,073,252 | €2,217,775 | +€144,522 | +7.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,052,792 | €2,197,315 | +€144,522 | +7.0% |
| Provisions and deferred taxes | 16 | €349,967 | €70,432 | -€279,535 | -79.9% |
| Provisions for liabilities and charges | 160/5 | €349,967 | €70,432 | -€279,535 | -79.9% |
| Other liabilities and charges | 164/5 | €349,967 | €70,432 | -€279,535 | -79.9% |
| Amounts payable | 17/49 | €9,079,157 | €9,975,411 | +€896,253 | +9.9% |
| Amounts payable after more than one year | 17 | €1,317,370 | €1,773,679 | +€456,309 | +34.6% |
| Financial debts | 170/4 | €202,999 | €659,307 | +€456,309 | +224.8% |
| Leasing and similar obligations | 172 | €92,322 | €424,620 | +€332,298 | +359.9% |
| Credit institutions | 173 | €110,677 | €234,687 | +€124,010 | +112.0% |
| Other amounts payable | 178/9 | €1,114,371 | €1,114,371 | = | 0.0% |
| Amounts payable within one year | 42/48 | €7,604,765 | €7,239,568 | -€365,196 | -4.8% |
| Current portion of amounts payable after more than one year | 42 | €120,699 | €259,217 | +€138,518 | +114.8% |
| Financial debts | 43 | €501,282 | €1,282 | -€500,000 | -99.7% |
| Credit institutions | 430/8 | €501,282 | €1,282 | -€500,000 | -99.7% |
| Trade debts | 44 | €2,820,117 | €3,194,659 | +€374,542 | +13.3% |
| Suppliers | 440/4 | €2,820,117 | €3,194,659 | +€374,542 | +13.3% |
| Taxes, remuneration and social security | 45 | €478,544 | €729,252 | +€250,708 | +52.4% |
| Taxes | 450/3 | €152,178 | €163,396 | +€11,219 | +7.4% |
| Remuneration and social security | 454/9 | €326,366 | €565,855 | +€239,490 | +73.4% |
| Other amounts payable | 47/48 | €3,684,124 | €3,055,159 | -€628,965 | -17.1% |
| Accrued charges and deferred income | 492/3 | €157,023 | €962,164 | +€805,141 | +512.8% |
| Operating income | 70/76A | €19,925,280 | €23,468,349 | +€3.5m | +17.8% |
| Turnover | 70 | €19,798,989 | €23,204,284 | +€3.4m | +17.2% |
| Own construction capitalised | 72 | €104,104 | €248,791 | +€144,687 | +139.0% |
| Other operating income | 74 | €22,186 | €15,274 | -€6,912 | -31.2% |
| Operating charges | 60/66A | €19,066,293 | €22,490,303 | +€3.4m | +18.0% |
| Goods for resale, raw materials and consumables | 60 | €11,361,858 | €14,506,670 | +€3.1m | +27.7% |
| Purchases | 600/8 | €11,708,583 | €16,222,838 | +€4.5m | +38.6% |
| Change in stocks: decrease (increase) | 609 | -€346,724 | -€1,716,168 | -€1.4m | -395.0% |
| Services and other goods | 61 | €3,289,865 | €3,615,605 | +€325,740 | +9.9% |
| Remuneration, social security and pensions | 62 | €2,432,544 | €3,132,118 | +€699,574 | +28.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €882,002 | €967,261 | +€85,259 | +9.7% |
| Other operating charges | 640/8 | €20,938 | €37,923 | +€16,986 | +81.1% |
| Non-recurring operating charges | 66A | €1,079,085 | €230,725 | -€848,360 | -78.6% |
| Operating profit (loss) | 9901 | €858,987 | €978,046 | +€119,059 | +13.9% |
| Financial income | 75/76B | €144 | €1,343 | +€1,199 | +833.0% |
| Recurring financial income | 75 | €144 | €1,343 | +€1,199 | +833.0% |
| Other financial income | 752/9 | €144 | €1,343 | +€1,199 | +833.0% |
| Financial charges | 65/66B | €135,819 | €787,187 | +€651,368 | +479.6% |
| Recurring financial charges | 65 | €135,819 | €787,187 | +€651,368 | +479.6% |
| Debt charges | 650 | €135,687 | €786,189 | +€650,502 | +479.4% |
| Other financial charges | 652/9 | €133 | €999 | +€866 | +653.3% |
| Profit (loss) for the period before taxes | 9903 | €723,311 | €192,202 | -€531,109 | -73.4% |
| Income taxes | 67/77 | €125,739 | €47,680 | -€78,060 | -62.1% |
| Taxes | 670/3 | €125,739 | €62,374 | -€63,365 | -50.4% |
| Tax adjustments and reversals of tax provisions | 77 | - | €14,694 | +€14,694 | |
| Profit (loss) for the period | 9904 | €597,572 | €144,522 | -€453,050 | -75.8% |
| Profit (loss) for the period to be appropriated | 9905 | €597,572 | €144,522 | -€453,050 | -75.8% |
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.