TOTAL DISTRIBUTION SERVICES: 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.
TOTAL DISTRIBUTION SERVICES
Largest movements
- Cash +€1.1m
up €1.1m (+266%), from €414,596 to €1.5m
mainly Net result for the year (+€1.0m) and Investment in fixed assets (net) (+€548,244)
- Financial fixed assets -€754,999
down €754,999 (-100%), from €754,999 to €0
- Current investments +€231,831
up €231,831 (+4.3%), from €5.4m to €5.6m
- Reserves +€1.0m
up €1.0m (+39.3%), from €2.6m to €3.6m
- Tax, wage and social debts -€214,046
down €214,046 (-98.8%), from €216,556 to €2,510
of which Taxes: -€215,105
- Financial income +€1.4m
up €1.4m (+1,481%), from €96,369 to €1.5m
of which Non-recurring financial income: +€1.2m
- Taxes +€351,281
up €351,281 (+5,721%), from €6,141 to €357,422
- Financial charges +€103,940
up €103,940, from -€83,864 to €20,077
- Gross operating margin -€7,822
down €7,822 (-91.5%), from -€8,546 to -€16,369
- Staff costs +€4,879
up €4,879, from €0 to €4,879
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 | €11,334,892 | €12,051,631 | +€716,738 | +6.3% |
| Fixed assets | 21/28 | €5,496,044 | €4,845,340 | -€650,703 | -11.8% |
| Tangible fixed assets | 22/27 | €4,741,045 | €4,845,340 | +€104,296 | +2.2% |
| Land and buildings | 22 | €4,662,144 | €4,742,150 | +€80,007 | +1.7% |
| Furniture and vehicles | 24 | €17,899 | €20,837 | +€2,938 | +16.4% |
| Assets under construction and advance payments | 27 | €61,002 | €82,353 | +€21,352 | +35.0% |
| Financial fixed assets | 28 | €754,999 | €0 | -€754,999 | -100% |
| Current assets | 29/58 | €5,838,849 | €7,206,290 | +€1.4m | +23.4% |
| Amounts receivable within one year | 40/41 | €53,157 | €82,354 | +€29,197 | +54.9% |
| Trade receivables | 40 | €12,737 | €22,385 | +€9,648 | +75.8% |
| Other amounts receivable | 41 | €40,420 | €59,969 | +€19,549 | +48.4% |
| Current investments | 50/53 | €5,367,182 | €5,599,013 | +€231,831 | +4.3% |
| Cash at bank and in hand | 54/58 | €414,596 | €1,515,664 | +€1.1m | +266% |
| Deferred charges and accrued income | 490/1 | €3,914 | €9,259 | +€5,345 | +137% |
| Total equity and liabilities | 10/49 | €11,334,892 | €12,051,631 | +€716,738 | +6.3% |
| Equity | 10/15 | €10,117,333 | €11,133,103 | +€1.0m | +10.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €2,587,885 | €3,603,655 | +€1.0m | +39.3% |
| Distributable reserves | 133 | €2,587,885 | €3,603,655 | +€1.0m | +39.3% |
| Profit (loss) carried forward | 14 | €7,517,048 | €7,517,048 | = | 0.0% |
| Amounts payable | 17/49 | €1,217,559 | €918,528 | -€299,032 | -24.6% |
| Amounts payable after more than one year | 17 | €910,699 | €859,106 | -€51,593 | -5.7% |
| Financial debts | 170/4 | €910,699 | €859,106 | -€51,593 | -5.7% |
| Amounts payable within one year | 42/48 | €306,860 | €57,005 | -€249,856 | -81.4% |
| Current portion of amounts payable after more than one year | 42 | €51,023 | €51,593 | +€570 | +1.1% |
| Trade debts | 44 | €11,244 | €1,501 | -€9,742 | -86.6% |
| Suppliers | 440/4 | €11,244 | €1,501 | -€9,742 | -86.6% |
| Taxes, remuneration and social security | 45 | €216,556 | €2,510 | -€214,046 | -98.8% |
| Taxes | 450/3 | €216,556 | €1,451 | -€215,105 | -99.3% |
| Remuneration and social security | 454/9 | - | €1,059 | +€1,059 | |
| Other amounts payable | 47/48 | €28,038 | €1,400 | -€26,638 | -95.0% |
| Accrued charges and deferred income | 492/3 | - | €2,417 | +€2,417 | |
| Remuneration, social security and pensions | 62 | €0 | €4,879 | +€4,879 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €100,529 | €102,459 | +€1,930 | +1.9% |
| Other operating charges | 640/8 | €7,819 | €6,624 | -€1,195 | -15.3% |
| Gross operating margin | 9900 | -€8,546 | -€16,369 | -€7,822 | -91.5% |
| Operating profit (loss) | 9901 | -€116,894 | -€130,330 | -€13,436 | -11.5% |
| Financial income | 75/76B | €96,369 | €1,523,599 | +€1.4m | +1,481% |
| Recurring financial income | 75 | €96,369 | €308,406 | +€212,037 | +220% |
| Non-recurring financial income | 76B | - | €1,215,193 | +€1.2m | |
| Financial charges | 65/66B | -€83,864 | €20,077 | +€103,940 | |
| Recurring financial charges | 65 | -€83,864 | €20,077 | +€103,940 | |
| Profit (loss) for the period before taxes | 9903 | €63,338 | €1,373,192 | +€1.3m | +2,068% |
| Income taxes | 67/77 | €6,141 | €357,422 | +€351,281 | +5,721% |
| Profit (loss) for the period | 9904 | €57,197 | €1,015,770 | +€958,573 | +1,676% |
| Profit (loss) for the period to be appropriated | 9905 | €57,197 | €1,015,770 | +€958,573 | +1,676% |
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 21 October 2026 via checked.be.