A-Z 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
A-Z DISTRIBUTION
NACE 47.110, Non-specialised retail sale with food, beverages or tobacco predominating
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
-€691,932
2023 · €57,321-€749,253
Equity
-€579,913
2023 · €112,019-€691,932
Cash
€0
2023 · €6,960-€6,960
Balance sheet total
€623,172
2023 · €2.2m-€1.5m
Largest movements
Assets
- Receivables within one year -€1.6m
down €1.6m (-75.9%), from €2.1m to €496,819
of which Trade receivables: -€1.6m
- Tangible fixed assets +€36,045
up €36,045 (+170%), from €21,245 to €57,291
of which Furniture and vehicles: +€39,238
Equity and liabilities
- Trade debts -€866,392
down €866,392 (-47.4%), from €1.8m to €961,579
of which Suppliers: -€866,392
- Profit (loss) carried forward -€691,932
down €691,932, from €101,875 to -€590,057
- Tax, wage and social debts +€95,330
up €95,330 (+145%), from €65,569 to €160,899
of which Taxes: +€79,314
- Other debts -€85,709
down €85,709 (-52.8%), from €162,411 to €76,703
Income statement
- Turnover -€2.0m
no longer reported in 2024 (was €2.0m)
- Other operating charges +€727,618
up €727,618 (+38,493%), from €1,890 to €729,508
- Purchases and services +€161,510
up €161,510 (+9.1%), from €1.8m to €1.9m
- Write-downs +€105,839
new in 2024: €105,839
- Gross operating margin +€75,809
up €75,809 (+43.7%), from €173,489 to €249,298
From the 2023 result to the 2024 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 2023
€57,321
Gross operating margin
+€75,809
Staff costs
+€229
Depreciation
-€15,512
Write-downs
-€105,839
Other operating charges
-€727,618
Financial charges
+€68
Taxes
+€23,610
Result 2024
-€691,932
raises the resultlowers the result
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€52,886
Investment
-€63,750
Financing
+€3,904
Cash 2023
€6,960
From operations (derived)
+€52,886
Net result for the year
-€691,932
Depreciation
+€27,705
Stocks and contracts
+€6,120
Receivables within one year
+€1.6m
Trade debts
-€866,392
Tax, wage and social debts
+€95,330
Other debts
-€85,709
Investment (derived)
-€63,750
Investment in fixed assets (net)
-€63,750
Financing
+€3,904
Short-term financial debts
+€3,904
Cash 2024
€0
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,167,970 | €623,172 | -€1.5m | -71.3% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €24,712 | €60,757 | +€36,045 | +146% |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | €21,245 | €57,291 | +€36,045 | +170% |
| Land and buildings | 22 | - | €0 | = | |
| Plant, machinery and equipment | 23 | €9,431 | €6,239 | -€3,193 | -33.9% |
| Furniture and vehicles | 24 | €11,814 | €51,052 | +€39,238 | +332% |
| Leasing and similar rights | 25 | - | €0 | = | |
| Other tangible fixed assets | 26 | - | €0 | = | |
| Assets under construction and advance payments | 27 | - | €0 | = | |
| Financial fixed assets | 28 | €3,467 | €3,467 | -€0 | 0.0% |
| Current assets | 29/58 | €2,143,258 | €562,414 | -€1.6m | -73.8% |
| Amounts receivable after more than one year | 29 | - | €0 | = | |
| Trade receivables | 290 | - | €0 | = | |
| Other amounts receivable | 291 | - | €0 | = | |
| Stocks and contracts in progress | 3 | €71,715 | €65,595 | -€6,120 | -8.5% |
| Stocks | 30/36 | €71,715 | €65,595 | -€6,120 | -8.5% |
| Contracts in progress | 37 | - | €0 | = | |
| Amounts receivable within one year | 40/41 | €2,064,583 | €496,819 | -€1.6m | -75.9% |
| Trade receivables | 40 | €2,062,494 | €477,304 | -€1.6m | -76.9% |
| Other amounts receivable | 41 | €2,089 | €19,515 | +€17,426 | +834% |
| Current investments | 50/53 | - | €0 | = | |
| Cash at bank and in hand | 54/58 | €6,960 | €0 | -€6,960 | -100% |
| Deferred charges and accrued income | 490/1 | - | €0 | = | |
| Total equity and liabilities | 10/49 | €2,167,970 | €623,172 | -€1.5m | -71.3% |
| Equity | 10/15 | €112,019 | -€579,913 | -€691,932 | |
| Contributions | 10/11 | €9,225 | €9,225 | = | 0.0% |
| Revaluation surpluses | 12 | - | €0 | = | |
| Reserves | 13 | €919 | €919 | = | 0.0% |
| Non-distributable reserves | 130/1 | €919 | €919 | = | 0.0% |
| Reserves not available under the articles | 1311 | €919 | €919 | = | 0.0% |
| Own shares acquired | 1312 | - | €0 | = | |
| Financial assistance | 1313 | - | €0 | = | |
| Other | 1319 | - | €0 | = | |
| Tax-exempt reserves | 132 | - | €0 | = | |
| Distributable reserves | 133 | - | €0 | = | |
| Profit (loss) carried forward | 14 | €101,875 | -€590,057 | -€691,932 | |
| Investment grants | 15 | - | €0 | = | |
| Advance to shareholders on the distribution of net assets | 19 | - | €0 | = | |
| Provisions and deferred taxes | 16 | - | €0 | = | |
| Provisions for liabilities and charges | 160/5 | - | €0 | = | |
| Pensions and similar obligations | 160 | - | €0 | = | |
| Taxes | 161 | - | €0 | = | |
| Major repairs and maintenance | 162 | - | €0 | = | |
| Environmental obligations | 163 | - | €0 | = | |
| Other liabilities and charges | 164/5 | - | €0 | = | |
| Deferred taxes | 168 | - | €0 | = | |
| Amounts payable | 17/49 | €2,055,952 | €1,203,085 | -€852,867 | -41.5% |
| Amounts payable after more than one year | 17 | - | €0 | = | |
| Financial debts | 170/4 | - | €0 | = | |
| Trade debts | 175 | - | €0 | = | |
| Advances received on contracts in progress | 176 | - | €0 | = | |
| Other amounts payable | 178/9 | - | €0 | = | |
| Amounts payable within one year | 42/48 | €2,055,952 | €1,203,085 | -€852,867 | -41.5% |
| Current portion of amounts payable after more than one year | 42 | - | €0 | = | |
| Financial debts | 43 | - | €3,904 | +€3,904 | |
| Credit institutions | 430/8 | - | €3,904 | +€3,904 | |
| Other loans | 439 | - | €0 | = | |
| Trade debts | 44 | €1,827,971 | €961,579 | -€866,392 | -47.4% |
| Suppliers | 440/4 | €1,827,971 | €961,579 | -€866,392 | -47.4% |
| Bills of exchange payable | 441 | - | €0 | = | |
| Advances received on contracts in progress | 46 | - | €0 | = | |
| Taxes, remuneration and social security | 45 | €65,569 | €160,899 | +€95,330 | +145% |
| Taxes | 450/3 | €37,571 | €116,885 | +€79,314 | +211% |
| Remuneration and social security | 454/9 | €27,998 | €44,014 | +€16,016 | +57.2% |
| Other amounts payable | 47/48 | €162,411 | €76,703 | -€85,709 | -52.8% |
| Accrued charges and deferred income | 492/3 | - | €0 | = | |
| Turnover | 70 | €1,956,431 | - | -€2.0m | |
| Goods, raw materials, services and sundry goods | 60/61 | €1,782,943 | €1,944,453 | +€161,510 | +9.1% |
| Remuneration, social security and pensions | 62 | €77,944 | €77,716 | -€229 | -0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,192 | €27,705 | +€15,512 | +127% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €105,839 | +€105,839 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €0 | = | |
| Other operating charges | 640/8 | €1,890 | €729,508 | +€727,618 | +38,493% |
| Operating charges capitalised as restructuring costs | 649 | - | €0 | = | |
| Gross operating margin | 9900 | €173,489 | €249,298 | +€75,809 | +43.7% |
| Operating profit (loss) | 9901 | €81,462 | -€691,469 | -€772,931 | |
| Financial income | 75/76B | - | €0 | = | |
| Recurring financial income | 75 | - | €0 | = | |
| Financial charges | 65/66B | €531 | €462 | -€68 | -12.9% |
| Recurring financial charges | 65 | €531 | €462 | -€68 | -12.9% |
| Profit (loss) for the period before taxes | 9903 | €80,931 | -€691,932 | -€772,863 | |
| Transfer from deferred taxes | 780 | - | €0 | = | |
| Transfer to deferred taxes | 680 | - | €0 | = | |
| Income taxes | 67/77 | €23,610 | €0 | -€23,610 | -100% |
| Profit (loss) for the period | 9904 | €57,321 | -€691,932 | -€749,253 | |
| Transfer from tax-exempt reserves | 789 | - | €0 | = | |
| Transfer to tax-exempt reserves | 689 | - | €0 | = | |
| Profit (loss) for the period to be appropriated | 9905 | €57,321 | -€691,932 | -€749,253 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.