TEAM 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.
TEAM DISTRIBUTION
Largest movements
- Cash +€75,758
up €75,758 (+150.6%), from €50,298 to €126,056
mainly Net result for the year (+€63,840) and Tax, wage and social debts (+€16,730)
- Receivables within one year +€14,489
up €14,489 (+10.8%), from €133,688 to €148,177
- Profit (loss) carried forward +€63,840
up €63,840 (+26.7%), from €238,930 to €302,771
- Tax, wage and social debts +€16,730
up €16,730 (+77.2%), from €21,678 to €38,408
- Depreciation -€17,462
down €17,462 (-85.8%), from €20,354 to €2,892
- Gross operating margin +€12,228
up €12,228 (+17.6%), from €69,607 to €81,836
- Taxes -€3,360
down €3,360 (-12.9%), from €26,114 to €22,754
- Financial income -€1,004
down €1,004 (-5.0%), from €20,271 to €19,268
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 | €632,896 | €714,728 | +€81,831 | +12.9% |
| Fixed assets | 21/28 | €232,927 | €230,036 | -€2,892 | -1.2% |
| Tangible fixed assets | 22/27 | €232,927 | €230,036 | -€2,892 | -1.2% |
| Land and buildings | 22 | €229,277 | €227,252 | -€2,025 | -0.9% |
| Plant, machinery and equipment | 23 | €3,650 | €2,784 | -€867 | -23.7% |
| Current assets | 29/58 | €399,969 | €484,692 | +€84,723 | +21.2% |
| Amounts receivable after more than one year | 29 | €210,000 | €210,000 | = | 0.0% |
| Other amounts receivable | 291 | €210,000 | €210,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €133,688 | €148,177 | +€14,489 | +10.8% |
| Other amounts receivable | 41 | €133,688 | €148,177 | +€14,489 | +10.8% |
| Cash at bank and in hand | 54/58 | €50,298 | €126,056 | +€75,758 | +150.6% |
| Deferred charges and accrued income | 490/1 | €5,984 | €460 | -€5,524 | -92.3% |
| Total equity and liabilities | 10/49 | €632,896 | €714,728 | +€81,831 | +12.9% |
| Equity | 10/15 | €611,219 | €675,059 | +€63,840 | +10.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Outside capital | 11 | €18,592 | €18,592 | = | 0.0% |
| Other | 1109/19 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €353,697 | €353,697 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €351,837 | €351,837 | = | 0.0% |
| Profit (loss) carried forward | 14 | €238,930 | €302,771 | +€63,840 | +26.7% |
| Amounts payable | 17/49 | €21,678 | €39,669 | +€17,991 | +83.0% |
| Amounts payable within one year | 42/48 | €21,678 | €39,669 | +€17,991 | +83.0% |
| Trade debts | 44 | - | €1,261 | +€1,261 | |
| Suppliers | 440/4 | - | €1,261 | +€1,261 | |
| Taxes, remuneration and social security | 45 | €21,678 | €38,408 | +€16,730 | +77.2% |
| Taxes | 450/3 | €21,678 | €38,408 | +€16,730 | +77.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,354 | €2,892 | -€17,462 | -85.8% |
| Other operating charges | 640/8 | €11,088 | €11,435 | +€348 | +3.1% |
| Gross operating margin | 9900 | €69,607 | €81,836 | +€12,228 | +17.6% |
| Operating profit (loss) | 9901 | €38,166 | €67,509 | +€29,343 | +76.9% |
| Financial income | 75/76B | €20,271 | €19,268 | -€1,004 | -5.0% |
| Recurring financial income | 75 | €20,271 | €19,268 | -€1,004 | -5.0% |
| Financial charges | 65/66B | €163 | €182 | +€19 | +11.8% |
| Recurring financial charges | 65 | €163 | €182 | +€19 | +11.8% |
| Profit (loss) for the period before taxes | 9903 | €58,274 | €86,594 | +€28,320 | +48.6% |
| Income taxes | 67/77 | €26,114 | €22,754 | -€3,360 | -12.9% |
| Profit (loss) for the period | 9904 | €32,160 | €63,840 | +€31,680 | +98.5% |
| Profit (loss) for the period to be appropriated | 9905 | €32,160 | €63,840 | +€31,680 | +98.5% |
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.