VP DISTRI: 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.
VP DISTRI
Largest movements
- Receivables within one year +€25,992
up €25,992 (+9.5%), from €274,974 to €300,966
of which Trade receivables: +€21,906
- Tangible fixed assets -€8,473
down €8,473 (-22.2%), from €38,116 to €29,643
of which Furniture and vehicles: -€6,168
- Profit (loss) carried forward +€15,421
up €15,421, from -€13,903 to €1,518
- Short-term financial debts +€12,008
up €12,008 (+46.4%), from €25,876 to €37,884
- Debts after one year -€11,441
down €11,441 (-15.2%), from €75,054 to €63,613
- Trade debts -€6,614
down €6,614 (-4.2%), from €157,538 to €150,924
- Tax, wage and social debts +€6,033
up €6,033 (+13.3%), from €45,480 to €51,513
of which Taxes: +€13,248
- Gross operating margin +€49,124
up €49,124 (+75.4%), from €65,160 to €114,284
- Staff costs -€13,095
down €13,095 (-23.2%), from €56,349 to €43,254
- Taxes +€8,500
new in 2025: €8,500
- Financial charges +€7,340
up €7,340 (+119%), from €6,175 to €13,515
of which Financial charges: +€7,417
- Other operating charges -€5,248
down €5,248 (-68.7%), from €7,640 to €2,392
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 | €319,255 | €336,385 | +€17,131 | +5.4% |
| Fixed assets | 21/28 | €38,116 | €29,643 | -€8,473 | -22.2% |
| Tangible fixed assets | 22/27 | €38,116 | €29,643 | -€8,473 | -22.2% |
| Plant, machinery and equipment | 23 | €10,128 | €7,822 | -€2,306 | -22.8% |
| Furniture and vehicles | 24 | €27,989 | €21,821 | -€6,168 | -22.0% |
| Current assets | 29/58 | €281,138 | €306,742 | +€25,604 | +9.1% |
| Amounts receivable within one year | 40/41 | €274,974 | €300,966 | +€25,992 | +9.5% |
| Trade receivables | 40 | €161,693 | €183,599 | +€21,906 | +13.5% |
| Other amounts receivable | 41 | €113,281 | €117,367 | +€4,086 | +3.6% |
| Cash at bank and in hand | 54/58 | €6,164 | €5,776 | -€388 | -6.3% |
| Total equity and liabilities | 10/49 | €319,255 | €336,385 | +€17,131 | +5.4% |
| Equity | 10/15 | €4,897 | €20,318 | +€15,421 | +315% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €200 | €200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €200 | €200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €200 | €200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,903 | €1,518 | +€15,421 | |
| Amounts payable | 17/49 | €314,357 | €316,067 | +€1,710 | +0.5% |
| Amounts payable after more than one year | 17 | €75,054 | €63,613 | -€11,441 | -15.2% |
| Financial debts | 170/4 | €75,054 | €63,613 | -€11,441 | -15.2% |
| Amounts payable within one year | 42/48 | €235,622 | €245,847 | +€10,225 | +4.3% |
| Current portion of amounts payable after more than one year | 42 | €5,526 | €5,526 | -€0 | 0.0% |
| Financial debts | 43 | €25,876 | €37,884 | +€12,008 | +46.4% |
| Credit institutions | 430/8 | €25,876 | €37,884 | +€12,008 | +46.4% |
| Trade debts | 44 | €157,538 | €150,924 | -€6,614 | -4.2% |
| Suppliers | 440/4 | €157,538 | €150,924 | -€6,614 | -4.2% |
| Taxes, remuneration and social security | 45 | €45,480 | €51,513 | +€6,033 | +13.3% |
| Taxes | 450/3 | €24,682 | €37,930 | +€13,248 | +53.7% |
| Remuneration and social security | 454/9 | €20,798 | €13,583 | -€7,215 | -34.7% |
| Other amounts payable | 47/48 | €1,202 | - | -€1,202 | |
| Accrued charges and deferred income | 492/3 | €3,681 | €6,607 | +€2,926 | +79.5% |
| Non-recurring operating income | 76A | €613 | - | -€613 | |
| Remuneration, social security and pensions | 62 | €56,349 | €43,254 | -€13,095 | -23.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,455 | €8,473 | -€2,982 | -26.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €3,071 | +€3,071 | |
| Other operating charges | 640/8 | €7,640 | €2,392 | -€5,248 | -68.7% |
| Gross operating margin | 9900 | €65,160 | €114,284 | +€49,124 | +75.4% |
| Operating profit (loss) | 9901 | -€10,284 | €57,094 | +€67,378 | |
| Financial income | 75/76B | €361 | €342 | -€19 | -5.1% |
| Recurring financial income | 75 | €361 | €342 | -€19 | -5.1% |
| Financial charges | 65/66B | €6,175 | €13,515 | +€7,340 | +119% |
| Recurring financial charges | 65 | €6,098 | €13,515 | +€7,417 | +122% |
| Non-recurring financial charges | 66B | €77 | - | -€77 | |
| Profit (loss) for the period before taxes | 9903 | -€16,099 | €43,921 | +€60,020 | |
| Income taxes | 67/77 | - | €8,500 | +€8,500 | |
| Profit (loss) for the period | 9904 | -€16,099 | €35,421 | +€51,520 | |
| Profit (loss) for the period to be appropriated | 9905 | -€16,099 | €35,421 | +€51,520 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.