Swiss 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.
Swiss Distribution
Largest movements
- Cash +€158,717
up €158,717 (+41.9%), from €379,103 to €537,820
mainly Trade debts (+€364,590) and Depreciation (+€211,485)
- Receivables within one year +€97,579
up €97,579 (+75.0%), from €130,052 to €227,631
of which Other amounts receivable: +€49,845
- Stocks and contracts +€57,545
up €57,545 (+14.2%), from €406,082 to €463,628
- Tangible fixed assets -€27,513
down €27,513 (-4.9%), from €562,391 to €534,878
of which Plant, machinery and equipment: -€108,019
- Intangible fixed assets -€25,000
down €25,000 (-19.0%), from €131,712 to €106,712
- Trade debts +€364,590
up €364,590 (+63.4%), from €575,270 to €939,860
- Debts after one year -€152,294
down €152,294 (-37.6%), from €405,227 to €252,933
- Tax, wage and social debts +€70,161
up €70,161 (+49.9%), from €140,580 to €210,741
of which Remuneration and social security: +€57,258
- Other debts -€51,947
down €51,947 (-21.5%), from €241,947 to €190,000
- Accrued charges and deferred income +€19,780
up €19,780 (+114%), from €17,397 to €37,177
- Staff costs +€91,659
up €91,659 (+9.7%), from €941,939 to €1.0m
- Gross operating margin +€59,399
up €59,399 (+4.1%), from €1.4m to €1.5m
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 | €1,664,336 | €1,923,378 | +€259,043 | +15.6% |
| Fixed assets | 21/28 | €694,103 | €641,590 | -€52,513 | -7.6% |
| Intangible fixed assets | 21 | €131,712 | €106,712 | -€25,000 | -19.0% |
| Tangible fixed assets | 22/27 | €562,391 | €534,878 | -€27,513 | -4.9% |
| Plant, machinery and equipment | 23 | €514,671 | €406,652 | -€108,019 | -21.0% |
| Furniture and vehicles | 24 | €34,683 | €68,244 | +€33,561 | +96.8% |
| Other tangible fixed assets | 26 | €13,037 | €59,982 | +€46,945 | +360% |
| Current assets | 29/58 | €970,232 | €1,281,788 | +€311,556 | +32.1% |
| Stocks and contracts in progress | 3 | €406,082 | €463,628 | +€57,545 | +14.2% |
| Stocks | 30/36 | €406,082 | €463,628 | +€57,545 | +14.2% |
| Amounts receivable within one year | 40/41 | €130,052 | €227,631 | +€97,579 | +75.0% |
| Trade receivables | 40 | €23,349 | €71,083 | +€47,734 | +204% |
| Other amounts receivable | 41 | €106,703 | €156,548 | +€49,845 | +46.7% |
| Cash at bank and in hand | 54/58 | €379,103 | €537,820 | +€158,717 | +41.9% |
| Deferred charges and accrued income | 490/1 | €54,995 | €52,710 | -€2,285 | -4.2% |
| Total equity and liabilities | 10/49 | €1,664,336 | €1,923,378 | +€259,043 | +15.6% |
| Equity | 10/15 | €138,980 | €144,810 | +€5,830 | +4.2% |
| Contributions | 10/11 | €80,000 | €80,000 | = | 0.0% |
| Capital | 10 | €80,000 | €80,000 | = | 0.0% |
| Issued capital | 100 | €80,000 | €80,000 | = | 0.0% |
| Reserves | 13 | €8,000 | €8,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,000 | €8,000 | = | 0.0% |
| Legal reserve | 130 | €8,000 | €8,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €50,980 | €56,810 | +€5,830 | +11.4% |
| Amounts payable | 17/49 | €1,525,356 | €1,778,568 | +€253,213 | +16.6% |
| Amounts payable after more than one year | 17 | €405,227 | €252,933 | -€152,294 | -37.6% |
| Financial debts | 170/4 | €405,227 | €252,933 | -€152,294 | -37.6% |
| Amounts payable within one year | 42/48 | €1,102,732 | €1,488,458 | +€385,727 | +35.0% |
| Current portion of amounts payable after more than one year | 42 | €144,935 | €147,858 | +€2,922 | +2.0% |
| Trade debts | 44 | €575,270 | €939,860 | +€364,590 | +63.4% |
| Suppliers | 440/4 | €575,270 | €939,860 | +€364,590 | +63.4% |
| Taxes, remuneration and social security | 45 | €140,580 | €210,741 | +€70,161 | +49.9% |
| Taxes | 450/3 | €3,541 | €16,444 | +€12,903 | +364% |
| Remuneration and social security | 454/9 | €137,040 | €194,297 | +€57,258 | +41.8% |
| Other amounts payable | 47/48 | €241,947 | €190,000 | -€51,947 | -21.5% |
| Accrued charges and deferred income | 492/3 | €17,397 | €37,177 | +€19,780 | +114% |
| Remuneration, social security and pensions | 62 | €941,939 | €1,033,598 | +€91,659 | +9.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €196,705 | €211,485 | +€14,780 | +7.5% |
| Other operating charges | 640/8 | €4,454 | €16,300 | +€11,846 | +266% |
| Gross operating margin | 9900 | €1,437,282 | €1,496,681 | +€59,399 | +4.1% |
| Operating profit (loss) | 9901 | €294,184 | €235,299 | -€58,886 | -20.0% |
| Financial income | 75/76B | €2,396 | €899 | -€1,497 | -62.5% |
| Recurring financial income | 75 | €2,396 | €899 | -€1,497 | -62.5% |
| Financial charges | 65/66B | €42,500 | €36,995 | -€5,505 | -13.0% |
| Recurring financial charges | 65 | €42,500 | €36,995 | -€5,505 | -13.0% |
| Profit (loss) for the period before taxes | 9903 | €254,080 | €199,202 | -€54,878 | -21.6% |
| Income taxes | 67/77 | €8,534 | €3,372 | -€5,162 | -60.5% |
| Profit (loss) for the period | 9904 | €245,546 | €195,830 | -€49,716 | -20.2% |
| Profit (loss) for the period to be appropriated | 9905 | €245,546 | €195,830 | -€49,716 | -20.2% |
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 17 October 2026 via checked.be.