THRIBE 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.
What changed
THRIBE DISTRIBUTION
NACE 46.499, Wholesale of other household goods
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.9m
2024 · €11.1m-€9.2m
Equity
€14.4m
2024 · €12.5m+€1.9m
Cash
€2.5m
2024 · €3.4m-€935,881
Balance sheet total
€18.8m
2024 · €20.0m-€1.2m
Largest movements
Assets
- Receivables within one year +€3.3m
up €3.3m (+47.9%), from €6.8m to €10.1m
of which Trade receivables: +€3.5m
- Tangible fixed assets -€2.6m
down €2.6m (-36.2%), from €7.2m to €4.6m
of which Assets under construction and advance payments: -€3.6m
- Cash -€935,881
down €935,881 (-27.5%), from €3.4m to €2.5m
mainly Receivables within one year (-€3.3m) and Investment in fixed assets (net) (-€1.8m)
- Stocks and contracts -€826,359
down €826,359 (-37.8%), from €2.2m to €1.4m
Equity and liabilities
- Profit (loss) carried forward +€1.9m
up €1.9m (+16.5%), from €11.5m to €13.4m
- Other debts -€1.0m
down €1.0m (-100.0%), from €1.0m to €20
- Debts after one year -€607,175
down €607,175 (-60.8%), from €999,164 to €391,989
- Tax, wage and social debts -€531,927
down €531,927 (-48.7%), from €1.1m to €560,709
of which Taxes: -€526,273
- Trade debts -€528,783
down €528,783 (-16.1%), from €3.3m to €2.7m
Income statement
- Goods and materials +€9.4m
up €9.4m (+21.6%), from €43.5m to €53.0m
of which Purchases: +€16.9m
- Services and other goods +€6.9m
up €6.9m (+142.6%), from €4.9m to €11.8m
- Turnover +€6.6m
up €6.6m (+10.1%), from €65.4m to €71.9m
- Depreciation +€3.3m
up €3.3m (+309.3%), from €1.1m to €4.3m
- Taxes -€2.3m
down €2.3m (-59.8%), from €3.8m to €1.5m
of which Taxes: -€2.3m
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
€11.1m
Turnover
+€6.6m
Other operating income
+€176,029
Goods and materials
-€9.4m
Services and other goods
-€6.9m
Staff costs
-€174,191
Depreciation
-€3.3m
Write-downs
+€1.4m
Other operating charges
-€25,036
Other operating items
+€10,087
Financial income
-€60,599
Financial charges
+€144,327
Taxes
+€2.3m
Result 2025
€1.9m
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
+€1.6m
Investment
-€1.8m
Financing
-€760,919
Cash 2024
€3.4m
From operations (derived)
+€1.6m
Net result for the year
+€1.9m
Depreciation
+€4.3m
Stocks and contracts
+€826,359
Receivables within one year
-€3.3m
Deferred charges and accrued income
+€153,921
Trade debts
-€528,783
Tax, wage and social debts
-€531,927
Other debts
-€1.0m
Accrued charges and deferred income
-€219,508
Investment (derived)
-€1.8m
Investment in fixed assets (net)
-€1.8m
Financing
-€760,919
Debts after one year
-€607,175
Current portion of long-term debt
-€153,745
Cash 2025
€2.5m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €19,975,016 | €18,810,426 | -€1.2m | -5.8% |
| Fixed assets | 21/28 | €7,371,487 | €4,847,083 | -€2.5m | -34.2% |
| Intangible fixed assets | 21 | €120,131 | €44,751 | -€75,380 | -62.7% |
| Tangible fixed assets | 22/27 | €7,235,357 | €4,618,749 | -€2.6m | -36.2% |
| Plant, machinery and equipment | 23 | €892,278 | €3,232,537 | +€2.3m | +262.3% |
| Furniture and vehicles | 24 | €221,492 | €195,010 | -€26,482 | -12.0% |
| Leasing and similar rights | 25 | €2,188,845 | €737,360 | -€1.5m | -66.3% |
| Other tangible fixed assets | 26 | €358,201 | €453,842 | +€95,641 | +26.7% |
| Assets under construction and advance payments | 27 | €3,574,542 | - | -€3.6m | |
| Financial fixed assets | 28 | €16,000 | €183,582 | +€167,582 | +1047.4% |
| Affiliated companies | 280/1 | €10,000 | €10,000 | = | 0.0% |
| Participating interests | 280 | €10,000 | €10,000 | = | 0.0% |
| Other financial fixed assets | 284/8 | €6,000 | €173,582 | +€167,582 | +2793.0% |
| Amounts receivable and cash guarantees | 285/8 | €6,000 | €173,582 | +€167,582 | +2793.0% |
| Current assets | 29/58 | €12,603,529 | €13,963,343 | +€1.4m | +10.8% |
| Stocks and contracts in progress | 3 | €2,185,848 | €1,359,489 | -€826,359 | -37.8% |
| Stocks | 30/36 | €2,185,848 | €1,359,489 | -€826,359 | -37.8% |
| Goods purchased for resale | 34 | €2,185,848 | €1,359,489 | -€826,359 | -37.8% |
| Amounts receivable within one year | 40/41 | €6,832,212 | €10,108,188 | +€3.3m | +47.9% |
| Trade receivables | 40 | €5,873,059 | €9,328,346 | +€3.5m | +58.8% |
| Other amounts receivable | 41 | €959,153 | €779,843 | -€179,310 | -18.7% |
| Cash at bank and in hand | 54/58 | €3,405,649 | €2,469,767 | -€935,881 | -27.5% |
| Deferred charges and accrued income | 490/1 | €179,820 | €25,899 | -€153,921 | -85.6% |
| Total equity and liabilities | 10/49 | €19,975,016 | €18,810,426 | -€1.2m | -5.8% |
| Equity | 10/15 | €12,529,107 | €14,423,724 | +€1.9m | +15.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €999,630 | €999,630 | = | 0.0% |
| Tax-exempt reserves | 132 | €997,770 | €997,770 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,510,877 | €13,405,494 | +€1.9m | +16.5% |
| Amounts payable | 17/49 | €7,445,909 | €4,386,702 | -€3.1m | -41.1% |
| Amounts payable after more than one year | 17 | €999,164 | €391,989 | -€607,175 | -60.8% |
| Financial debts | 170/4 | €999,164 | €391,989 | -€607,175 | -60.8% |
| Leasing and similar obligations | 172 | €874,164 | €391,989 | -€482,175 | -55.2% |
| Credit institutions | 173 | €125,000 | - | -€125,000 | |
| Amounts payable within one year | 42/48 | €6,192,418 | €3,959,895 | -€2.2m | -36.1% |
| Current portion of amounts payable after more than one year | 42 | €804,387 | €650,643 | -€153,745 | -19.1% |
| Trade debts | 44 | €3,277,306 | €2,748,523 | -€528,783 | -16.1% |
| Suppliers | 440/4 | €3,277,306 | €2,748,523 | -€528,783 | -16.1% |
| Taxes, remuneration and social security | 45 | €1,092,636 | €560,709 | -€531,927 | -48.7% |
| Taxes | 450/3 | €1,019,579 | €493,306 | -€526,273 | -51.6% |
| Remuneration and social security | 454/9 | €73,058 | €67,404 | -€5,654 | -7.7% |
| Other amounts payable | 47/48 | €1,018,089 | €20 | -€1.0m | -100.0% |
| Accrued charges and deferred income | 492/3 | €254,327 | €34,819 | -€219,508 | -86.3% |
| Operating income | 70/76A | €66,769,296 | €73,539,985 | +€6.8m | +10.1% |
| Turnover | 70 | €65,359,617 | €71,946,506 | +€6.6m | +10.1% |
| Other operating income | 74 | €1,403,190 | €1,579,219 | +€176,029 | +12.5% |
| Non-recurring operating income | 76A | €6,489 | €14,261 | +€7,772 | +119.8% |
| Operating charges | 60/66A | €51,681,353 | €70,041,962 | +€18.4m | +35.5% |
| Goods for resale, raw materials and consumables | 60 | €43,538,925 | €52,952,091 | +€9.4m | +21.6% |
| Purchases | 600/8 | €35,245,235 | €52,125,732 | +€16.9m | +47.9% |
| Change in stocks: decrease (increase) | 609 | €8,293,690 | €826,359 | -€7.5m | -90.0% |
| Services and other goods | 61 | €4,854,071 | €11,775,045 | +€6.9m | +142.6% |
| Remuneration, social security and pensions | 62 | €633,147 | €807,338 | +€174,191 | +27.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,052,383 | €4,307,504 | +€3.3m | +309.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,538,318 | €112,753 | -€1.4m | -92.7% |
| Other operating charges | 640/8 | €53,468 | €78,504 | +€25,036 | +46.8% |
| Non-recurring operating charges | 66A | €11,041 | €8,725 | -€2,315 | -21.0% |
| Operating profit (loss) | 9901 | €15,087,943 | €3,498,024 | -€11.6m | -76.8% |
| Financial income | 75/76B | €157,496 | €96,897 | -€60,599 | -38.5% |
| Recurring financial income | 75 | €157,496 | €96,897 | -€60,599 | -38.5% |
| Income from current assets | 751 | €143,356 | €93,079 | -€50,278 | -35.1% |
| Other financial income | 752/9 | €14,140 | €3,819 | -€10,321 | -73.0% |
| Financial charges | 65/66B | €302,407 | €158,080 | -€144,327 | -47.7% |
| Recurring financial charges | 65 | €302,407 | €158,080 | -€144,327 | -47.7% |
| Debt charges | 650 | €45,422 | €77,461 | +€32,039 | +70.5% |
| Other financial charges | 652/9 | €256,985 | €80,619 | -€176,365 | -68.6% |
| Profit (loss) for the period before taxes | 9903 | €14,943,032 | €3,436,840 | -€11.5m | -77.0% |
| Income taxes | 67/77 | €3,836,239 | €1,542,224 | -€2.3m | -59.8% |
| Taxes | 670/3 | €3,836,239 | €1,553,460 | -€2.3m | -59.5% |
| Tax adjustments and reversals of tax provisions | 77 | - | €11,236 | +€11,236 | |
| Profit (loss) for the period | 9904 | €11,106,793 | €1,894,616 | -€9.2m | -82.9% |
| Profit (loss) for the period to be appropriated | 9905 | €11,106,793 | €1,894,616 | -€9.2m | -82.9% |
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 12 October 2026 via checked.be.