A & F DISTEC: what changed
A & F DISTEC
Largest movements
- Current investments +€198,563
up €198,563 (+19.4%), from €1.0m to €1.2m
- Cash +€62,046
up €62,046 (+24.4%), from €253,773 to €315,819
mainly Net result for the year (+€220,602) and Tax, wage and social debts (+€49,757)
- Tangible fixed assets -€30,957
down €30,957 (-34.9%), from €88,779 to €57,821
of which Land and buildings: -€19,888
- Receivables within one year +€20,954
up €20,954 (+40.4%), from €51,830 to €72,784
of which Trade receivables: +€24,102
- Reserves +€220,602
up €220,602 (+18.3%), from €1.2m to €1.4m
of which Distributable reserves: +€220,602
- Tax, wage and social debts +€49,757
up €49,757 (+90.6%), from €54,894 to €104,651
of which Taxes: +€29,643
- Current portion of long-term debt +€32,683
up €32,683 (+77.4%), from €42,219 to €74,902
- Debts after one year -€28,635
down €28,635 (-85.4%), from €33,541 to €4,906
- Other debts -€25,000
down €25,000 (-99.2%), from €25,200 to €200
- Gross operating margin +€155,008
up €155,008 (+30.2%), from €512,774 to €667,781
- Staff costs +€91,685
up €91,685 (+34.3%), from €266,993 to €358,678
- Taxes +€59,247
up €59,247 (+130%), from €45,716 to €104,963
- Financial income +€46,192
up €46,192 (+359%), from €12,881 to €59,073
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,419,503 | €1,670,109 | +€250,606 | +17.7% |
| Fixed assets | 21/28 | €89,479 | €58,521 | -€30,957 | -34.6% |
| Tangible fixed assets | 22/27 | €88,779 | €57,821 | -€30,957 | -34.9% |
| Land and buildings | 22 | €48,849 | €28,961 | -€19,888 | -40.7% |
| Plant, machinery and equipment | 23 | €6,926 | €4,062 | -€2,863 | -41.3% |
| Furniture and vehicles | 24 | €33,004 | €24,798 | -€8,206 | -24.9% |
| Financial fixed assets | 28 | €700 | €700 | = | 0.0% |
| Current assets | 29/58 | €1,330,024 | €1,611,587 | +€281,563 | +21.2% |
| Amounts receivable within one year | 40/41 | €51,830 | €72,784 | +€20,954 | +40.4% |
| Trade receivables | 40 | €48,682 | €72,784 | +€24,102 | +49.5% |
| Other amounts receivable | 41 | €3,148 | - | -€3,148 | |
| Current investments | 50/53 | €1,024,421 | €1,222,984 | +€198,563 | +19.4% |
| Cash at bank and in hand | 54/58 | €253,773 | €315,819 | +€62,046 | +24.4% |
| Total equity and liabilities | 10/49 | €1,419,503 | €1,670,109 | +€250,606 | +17.7% |
| Equity | 10/15 | €1,234,537 | €1,455,139 | +€220,602 | +17.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,207,116 | €1,427,718 | +€220,602 | +18.3% |
| Tax-exempt reserves | 132 | €56,250 | €56,250 | = | 0.0% |
| Distributable reserves | 133 | €1,150,866 | €1,371,468 | +€220,602 | +19.2% |
| Profit (loss) carried forward | 14 | €512 | €512 | = | 0.0% |
| Investment grants | 15 | €8,317 | €8,317 | = | 0.0% |
| Provisions and deferred taxes | 16 | €2,663 | €2,663 | = | 0.0% |
| Deferred taxes | 168 | €2,663 | €2,663 | = | 0.0% |
| Amounts payable | 17/49 | €182,303 | €212,307 | +€30,004 | +16.5% |
| Amounts payable after more than one year | 17 | €33,541 | €4,906 | -€28,635 | -85.4% |
| Financial debts | 170/4 | €33,541 | €4,906 | -€28,635 | -85.4% |
| Amounts payable within one year | 42/48 | €148,762 | €206,881 | +€58,119 | +39.1% |
| Current portion of amounts payable after more than one year | 42 | €42,219 | €74,902 | +€32,683 | +77.4% |
| Trade debts | 44 | €26,449 | €27,128 | +€679 | +2.6% |
| Suppliers | 440/4 | €26,449 | €27,128 | +€679 | +2.6% |
| Taxes, remuneration and social security | 45 | €54,894 | €104,651 | +€49,757 | +90.6% |
| Taxes | 450/3 | €31,584 | €61,227 | +€29,643 | +93.9% |
| Remuneration and social security | 454/9 | €23,310 | €43,424 | +€20,114 | +86.3% |
| Other amounts payable | 47/48 | €25,200 | €200 | -€25,000 | -99.2% |
| Accrued charges and deferred income | 492/3 | - | €519 | +€519 | |
| Remuneration, social security and pensions | 62 | €266,993 | €358,678 | +€91,685 | +34.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,115 | €30,957 | -€4,157 | -11.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,752 | - | -€1,752 | |
| Other operating charges | 640/8 | €3,556 | €4,335 | +€778 | +21.9% |
| Gross operating margin | 9900 | €512,774 | €667,781 | +€155,008 | +30.2% |
| Operating profit (loss) | 9901 | €205,358 | €273,811 | +€68,453 | +33.3% |
| Financial income | 75/76B | €12,881 | €59,073 | +€46,192 | +359% |
| Recurring financial income | 75 | €12,881 | €59,073 | +€46,192 | +359% |
| Financial charges | 65/66B | €6,105 | €7,319 | +€1,213 | +19.9% |
| Recurring financial charges | 65 | €6,105 | €7,319 | +€1,213 | +19.9% |
| Profit (loss) for the period before taxes | 9903 | €212,134 | €325,565 | +€113,431 | +53.5% |
| Income taxes | 67/77 | €45,716 | €104,963 | +€59,247 | +130% |
| Profit (loss) for the period | 9904 | €166,418 | €220,602 | +€54,184 | +32.6% |
| Profit (loss) for the period to be appropriated | 9905 | €166,418 | €220,602 | +€54,184 | +32.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.